On June 6, 2026 it was noted that the weekly Semiconductor index (SOX) would briefly decline before markets started moving higher. The SOX index did move lower between mid-June and mid-July. Since Micron is a component of this index, it provides some insight on what to expect. Back in 1999- 2000 everyone was afraid of the Y2K apocalypse and extremely bullish on the stock market. Money was pouring into tech stocks. Today trillions are planned for AI.
After the NASDAQ peaked in March 2000, Micron did not hit its peak until July 2000. Not much has changed. The 2026 chart below is showing similar structural patterns to that of 2000. It appears corporate strategic plans, Market Maker activity, and algorithms have not changed much and are repeating the year 2000. After the current expected pullback another brief push upward would be in order. A diverse change in direction for many stocks should be expected in 2026 and 2027. Some will continue to move higher while others drop quickly.
Booming stock market led by tech has some saying it feels like the 1999 internet bubble – October 13, 2025
Note that this information is for educational purposes only and not a recommendation.
Stock charts courtesy of StockCharts.com.
