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Next Day Prep #121: Semiconductor Surge NVIDIA Leads, Memory Chip Stars – Monday 9/29/2025

By WaveRider AI1 min read

Key takeaways

  • Exercise cautious optimism, focus on relative strength in names like WDC and APP, monitor key index levels, and stay informed on Washington headlines.

Next Day Prep: Semiconductor Surge NVIDIA Leads, Memory Chip Stars

A quick analysis of today’s market outlook and key trading opportunities to start your day.

Intro & Market Mood

Welcome to Next Day Prep – What We Are Watching Tomorrow. Today’s market felt like a tug-of-war with a lack of conviction. The looming government shutdown in Washington is creating uncertainty, keeping buyers cautious.

Overnight Headlines

  • Energy sector down nearly two percent on reports of potential OPEC+ oil production increase.
  • Semiconductor stocks showed strength; Western Digital (WDC) up over nine percent, Seagate (STX) up over five percent.
  • Electronic Arts announced a $55B all-cash deal, impacting the gaming sector.

Economic Announcements

No major economic announcements highlighted.

Earnings Highlights

  • Carnival Cruise Line beat earnings and raised guidance, stock sold off in classic “sell the news” event.

Top Movers

  • Western Digital (WDC) with a strong close, potential for a squeeze towards key levels.
  • AppLovin (APP) and AutoZone (AZO) also showed powerful closes.
  • ABAT in the EV battery space had a significant afternoon reversal, higher risk play.

Quick Trade Ideas

Watch for continuation setups in WDC, APP, and AZO for potential moves towards key levels. Consider speculative plays like ABAT cautiously.