Wall Street Roundup: Market turning lemons into limoncello
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 8 May 2026
⏱️ 16 minutes
🧾️ Download transcript
Summary
Show Notes:
SA Investing Community weighs in on Iran war
Micron, AMD lead AI and chip stocks higher despite Middle East woes
Know When To Hold 'Em And When To Fold 'Em
Episode transcripts: seekingalpha.com/wsb
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Transcript
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| 0:00.0 | Brian Stewart, Seekin Alpha's Director of News, welcome back to another week of Wall Street Roundup. What do you got for us? |
| 0:17.8 | So I was trying to think of a metaphor for this week, and in the last couple weeks, really. |
| 0:23.0 | This week we had AMD report earnings, and you had a major rally, especially in AI infrastructure stocks. |
| 0:30.0 | Meanwhile, we saw the overhang about the Iran war. |
| 0:34.5 | There was some hope earlier in the week that seems to have fizzled a little bit, but still, |
| 0:39.1 | the market really, really, really wants to believe that that's going to resolve itself |
| 0:43.7 | positively in a relatively short period of time. So I was just thinking about the market, you know, |
| 0:49.7 | has a habit of turning lemons into lemonade, right? So this week has basically turned lemons into |
| 0:54.9 | lemoncello, you know, just raised a glass to the tech stocks, even though we have this, um, |
| 1:00.3 | Iran conflict hanging over us. Um, if we, if we dig into the numbers a little bit. I like the |
| 1:05.4 | metaphor, by the way. I like it. You do? Okay. I like where you landed. I like where you landed. |
| 1:08.7 | Yeah. Appreciate it. Um, so AMD surged 18% on earnings. Um, reached a new high. It's, it's at new highs today. It's, it's continued to push higher. It's now doubled year to date and is up 325% in the past year. Um, if you, if you scan through our analyst's response to the earnings, basically you have kind of a split. |
| 1:30.0 | You have the, this was great. |
| 1:31.8 | The company's obviously knocking out of the park, nothing but upside from here. |
| 1:35.4 | And then you have the people who are like, this was great. |
| 1:37.6 | Companies obviously knocking out of the park. |
| 1:39.2 | It's probably gone too far. |
| 1:40.7 | You know, so you basically, the battleground over AMD generally is going to be on the valuation |
| 1:45.8 | front. Meanwhile, with those earnings, you have Micron up 25% in the past five days. You have Sandisk |
| 1:53.8 | up 19%. You have Intel up 20%, AMD up 26%, Qualcomm up 28%. So you have this surge in these AI infrastructure stocks. |
| 2:05.5 | There's a lot of comparisons between what we're going through now with AI and the dot-com |
| 2:09.4 | bubble and people wondering if this is sort of a new normal or if it's going to be like |
... |
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