Mag7 Thu split: AAPL/META bid, memory/NVDA offered — into CPI Friday

[LondonNewsTrader]

Thursday’s tape wasn’t a clean “risk-off everything.” Indexes fell a fourth day (S&P ~−0.6%, NQ ~−0.65%) on PPI + oil + yields, but Mag7 split: Apple ~+3.6% and Meta ~+4% while Nvidia (~−2.4%) and Micron (~−4.9%) were offered. Memory chips pulled back broadly.

Earlier Mag7-split notes covered NVDA/MSFT lag vs NQ. This is the Thursday session read into Friday’s CPI: consumer/hardware RS vs AI-infra/memory de-risking — useful for relative pairs and for which names survive an “in-line” inflation print.

Tape checklist into 8:30 ET:
- Does AAPL/META RS hold vs QQQ on the first CPI bar, or does the whole Mag7 flush together?
- Memory lagging on any bounce = continued factor rotation, not just index beta
- Avoid assuming one Mag7 print equals the complex

Sources (fair paraphrase): session wraps via TradingKey / TechFlow-style Thursday recaps.

Fading memory into CPI strength in AAPL/META, or trading the complex as one beta?
What confirms the split for you — opening relative volume or the first 15-min RS?