$MU, $SNDK, $NVDA, $AMD & $AVGO: The New Gamma Squeeze Leaders?

Michael Esther
06-01

$GameStop(GME)$ was the most powerful GAMMA squeeze back in Jan 2021.

It spiked 18,694% in only 4 weeks $2.57 → $483

Here's 5 GAMMA squeezes happening right now:

1. $Micron Technology(MU)$ +1,267% in 12 months

HBM shortage + AI earnings lit the fuse.

Dealers pinned at $900/$1,000 call walls forced to buy nonstop.

2. $SanDisk Corp.(SNDK)$ +3,773% in 12 months

645% datacenter revenue surge overwhelmed dealer books.IV now at 107%. Put/call flipped to 1.42. Late-stage squeeze.

3. $NVIDIA(NVDA)$ 289M shares Friday vs 181M avg

Post-earnings call flood turned dealers into forced buyers. $500B market cap added in days. Vera Rubin ramp keeps bid alive.

4. $Advanced Micro Devices(AMD)$ testing $525–$550 gamma wall

$ServiceNow(NOW)$ Q1 earnings beat triggered sector-wide call cascade. $109 → $527 in 12 months.

Break above = next dealer flush higher.

5. $Broadcom(AVGO)$ coiling earnings explosion this week

Pre-earnings call stacking building into June 3 print. Beat = gamma explodes.

Miss = IV crush, dealers dump fast.

2026 is 2021 GME mechanics but with real earnings so its going to last way longer.


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Nvidia Gains Just 2%: Is Leader Falling Behind?
As semiconductors staged a broad V-shaped rebound, Nvidia posted a modest 1.73% gain, sharply underperforming peers including Micron (+9.87%) and Intel (+11.19%). Jensen Huang publicly urged investors to "buy the dip in chips," yet a counter-narrative is building. Is the relative underperformance normal early-stage rotation into oversold second-tiers, or a long-term signal that custom chips are structurally diverting share from NVDA — and will you hold the leader or rotate into higher-beta names?
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