Editorial companion

What stands out

Gareth Soloway argues that a rotation out of memory names such as Micron and SanDisk could create meaningful resistance for the S&P 500 (SPX), even as he projects the index could reach 8,000. The clip matter-of-factly links sector leadership to market breadth: if a concentrated group of AI-memory winners hands leadership to other sectors, the index can still rise but face harder, narrower advances. The point worth noting is not the price target itself but the claim that where gains come from, which stocks carry the rally, changes how easy it is for the SPX to keep climbing.