Next Day Prep #317: Quiet Close, Violent Rotation: Memory Chips Run While Software Fades – Friday 9/4/2026

Despite a nearly flat S&P close, breadth deteriorated sharply and money rotated hard into semis and memory names on a DRAM/NAND pricing catalyst, while software lagged badly. The episode breaks down why FICO’s 17% drop was a policy shock rather than a broken business, unlike LULU’s earnings-driven collapse, and sets up SNDK, MU, and WDC... The post Next Day Prep #317: Quiet Close, Violent Rotation: Memory Chips Run While Software Fades – Friday 9/4/2026 first appeared on WaveRider Reads: Trading Books Unpacked.