The S&P 500 fell sharply on Tuesday as a rout in semiconductor and memory-chip stocks intensified, but Polymarket traders are betting the benchmark index will rebound at Wednesday's open.
The S&P 500 closed down 1.44% at 7,365.46.
However, the June 24 Polymarket contract implied a 71% probability that the index will open higher on Wednesday, although betting activity remained volatile throughout the session so far.
Why That Number Matters Investors remain focused on whether the recent selloff in artificial intelligence-linked stocks is a healthy correction or the beginning of a deeper unwind in one of the market's strongest trades.
Micron's (NASDAQ:MU) earnings report due after Wednesday's closing bell is expected to provide an important test of demand for memory chips and the broader AI infrastructure buildout.
