Reddit Is Screaming About $SOX's 18-Day Win Streak While the Strait of Hormuz Burns

Let's get the obvious out of the way: the SOX semiconductor index just hit an 18-consecutive-day winning streak — the longest since the index was created in 1994. Meanwhile, ~90% of global LNG flows and 80% of Asian oil supply are getting strangled by a dual blockade in the Strait of Hormuz. Reddit's investing communities are doing exactly what you'd expect: losing their collective minds trying to square this circle.

The high-upvote DD threads this week are laser-focused on $INTC, which didn't just beat earnings — it obliterated them. The stock posted its best single-day gain since October 1987, surging ~24% on a Q2 forecast that came in 14% above Wall Street expectations. The WSB thesis? Agentic AI is quietly making CPUs relevant again, and most of the street missed it entirely. Options flow on INTC calls going into earnings was apparently very interesting in hindsight.

But the real Reddit rabbit hole this week is energy. With oil sitting around $160/barrel, wheat futures at two-year highs, and fertilizer shortages threatening summer food prices, the "stocks only go up" crowd is getting loudly challenged by macro bears pointing to what S&P's Daniel Yergin is calling the biggest energy disruption in history. The divergence between financial market optimism and real-world rationing across Asia and Europe is the kind of setup that makes for very spicy comment sections — and possibly very spicy portfolio damage.