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Market Optimism Returns: SNDK & RDDT Rally, AMAT Slips After Earnings
Markets regain optimism amid Strait of Hormuz risks; SanDisk and Reddit rally, Applied Materials falls after earnings—expect volatility ahead.
Editorial companion
What stands out
Tom White's line that "optimism has returned" is useful because it shows how mood can move stocks faster than data; in this clip Reddit and SanDisk got the narrative bump while Applied Materials sold off after earnings. The segment stitches together chip-equipment results, AI infrastructure hopes, and a geopolitical wildcard in the Strait of Hormuz, which keeps crude and cyclical risk elevated. For anyone watching semiconductors, it is a neat snapshot of how headlines, not just numbers, are steering price action right now.