Markets Brief

Wednesday, September 2, 2026

Last updated 3:02 PM PT

Market Value

$66,352.10

Cost $66,016.63

Day's Gain

$1,205.10

1.85%

Total Gain

$335.47

0.51%

AI semis & memory

MU

Day's Gain $
$452.80
Day's Gain %
2.43%
Total Gain $
$555.65
Total Gain %
2.99%

Qty # 20 · Last Price $956.08 · Value $19,121.60 · Total Cost $18,565.95

Memory is the cleanest AI semi derivative right now: if Micron is sold out through 2026, HBM supply is tight, pricing power is real, and the margin story is still ahead. The stock already ripped, so I would not chase every green tick, but I like this name on weakness because the trade is on and the fundamentals beat the noise.

NVDA

Day's Gain $
$139.40
Day's Gain %
3.21%
Total Gain $
-$48.98
Total Gain %
-1.08%

Qty # 20 · Last Price $224.41 · Value $4,488.20 · Total Cost $4,537.18

AI semis are still the trade, and Cramer is right in the headline: Nvidia has the cash engine to shrink the float while Blackwell, HBM, CoWoS, and networking demand keep the fundamentals in charge. I like NVDA here, but after a 3% day I would buy weakness in pieces, not chase the pop.

AI buildout — fiber, storage, power

SNDK

Day's Gain $
$165.30
Day's Gain %
1.08%
Total Gain $
-$1,683.75
Total Gain %
-9.78%

Qty # 10 · Last Price $1,553.40 · Value $15,534.00 · Total Cost $17,217.75

Storage is the forgotten AI toll road, and SanDisk at seven times forward earnings says the market still thinks this memory cycle is fake. I like buying weakness in pieces here, but only if NAND pricing and enterprise SSD demand keep tightening; otherwise this stays a cheap stock for a reason.

Other holdings

SKHY

Day's Gain $
$420.00
Day's Gain %
2.61%
Total Gain $
$751.25
Total Gain %
4.77%

Qty # 100 · Last Price $164.98 · Value $16,498.00 · Total Cost $15,746.75

Semis first: SKHY is moving because HBM capacity and Japan plant optionality keep the AI memory trade alive, but “no final decision” means this is capex smoke before capex fire. I’d stay long, but after a +4.77% position move I’d only add on weakness because margins, yield, and customer concentration matter more than today’s headline pop.

TSLA

Day's Gain $
$27.60
Day's Gain %
0.26%
Total Gain $
$761.30
Total Gain %
7.65%

Qty # 30 · Last Price $357.01 · Value $10,710.30 · Total Cost $9,949.00

Autos are not the story here, autonomy and energy are, and TSLA needs margin stabilization more than another no-news bounce. I’d stay long but keep it on a short leash because at $357 the stock is pricing execution first and asking questions later.

Watchlist

AVGO

BROADCOM INC COM

$367.24 -$2.44 (-0.66%)

AVGO is still an AI infrastructure tollbooth, but this headline is just noise: mixed technical signals do not change the real watch items, which are custom silicon demand, VMware margins, HBM/CoWoS supply, and hyperscaler capex. I like this name on real weakness, not on a flat tape wiggle; the setup stays intact unless AI orders or software cash flow crack.

CBRS

CEREBRAS SYSTEMS INC COM CL A

$184.52 $11.90 (6.89%)

AI infrastructure is still the hottest tape in tech, and Cerebras just put a seven-year demand marker on the board with Finland. Watch whether this deal converts into margin-rich utilization without choking on data center power and supply-chain constraints; after a 6.9% pop, I like the story but I would not chase the stock cold.

GOOGL

ALPHABET INC CAP STK CL A

$337.12 $2.10 (0.63%)

GOOGL is still an AI and search cash-machine story, but the regulatory overhang is real and the tape is telling you investors are repricing that risk. Watch margins, Gemini monetization, cloud growth, and whether fines become a recurring drag; I like the name on weakness, but the trade is not clean until the headline pressure cools.

IRDM

IRIDIUM COMMUNICATIONS INC COM

$46.97 $0.25 (0.54%)

Satellite comms is a real cash-flow story, not a rocket-science fantasy, and IRDM stays interesting because it funds growth while the space crowd burns capital. Watch the RKLB acquisition chatter and cash conversion; if Iridium stays disciplined, I like this name here, but the trade is on fundamentals, not hype.

LITE

LUMENTUM HLDGS INC COM

$870.58 $1.63 (0.19%)

Optical is the AI plumbing trade, and Lumentum stays on the watchlist because bandwidth demand is real but customer concentration and supply discipline matter. Officer selling is not a thesis-killer by itself, but at $870.58 after this kind of move I want margin leverage and AI datacom orders to prove the trade is still on.

LRCX

LAM RESEARCH CORP COM NEW

$288.32 -$1.88 (-0.65%)

Semicap equipment is still a quality lane, but LRCX needs memory spending and NAND recovery to do the heavy lifting from here. Watch the insider-sale noise, but the real tell is wafer fab capex into 2027; I like the name on weakness, not on panic headlines.

PLTR

PALANTIR TECHNOLOGIES INC CL A

$169.46 -$10.46 (-5.81%)

PLTR is still the AI software bellwether, but at $169 with a near-6% hit today, the setup is about valuation discipline, not chasing heat. Watch government/commercial deal cadence, margin durability, and whether AI demand turns into bigger durable contracts; booyah if it pulls back without the fundamentals cracking.

PWR

QUANTA SVCS INC COM

$610.78 -$0.61 (-0.10%)

PWR is an electrification and grid-power toll road, and that is exactly where AI data-center capex keeps pulling demand. At 37.7 times forward earnings with a Value score of F, I like the business more than the stock here; watch backlog, utility spending, and whether growth can stay hot enough to justify the premium.

Q

QNITY ELECTRONICS INC COMMON STOCK

$117.69 $2.20 (1.90%)

Semis materials first: AI packaging slurries are the story, but the valuation headline says the easy money is not obvious at $117.69. Watch customer traction and margin leverage; without real AI packaging revenue, this is a prove-it name, not a chase-it name.

SIMO

SILICON MOTION TECHNOLOGY CORP SPONSORED ADR

$242.51 $5.16 (2.17%)

SIMO’s move is tape-driven until real controller demand, NAND channel health, and China exposure show up in earnings, so don’t chase a 2% pop off a thin headline. Watch gross margins and customer concentration first; if flash spending firms up, the trade is on, but right now it’s a watchlist name, not a table-pounder.