Markets Brief

Wednesday, May 13, 2026

Last updated 5:05 AM PT

Market Value

$200,282.11

Cost $181,378.71

Day's Gain

$0.00

0.00%

Total Gain

$18,903.40

10.42%

AI semis & memory

MU

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
$10,368.20
Total Gain %
51.09%

Qty # 40 · Last Price $766.58 · Value $30,663.20 · Total Cost $20,295.00

Memory is still the hottest lane in AI semis, and Micron has the right squeeze: demand outrunning supply, HBM capacity tight, and pricing power doing the margin work. But after a 9x moonshot and a 51% gain in the position, I’d trim a little strength and keep the core, because this is an own-it-don’t-trade-it name only if Marco respects the cycle.

NVDA

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
$318.30
Total Gain %
2.97%

Qty # 50 · Last Price $220.78 · Value $11,039.00 · Total Cost $10,720.70

AI semis are still the tape leader, and NVDA’s setup is revenue scale plus accelerator demand with memory and CoWoS supply the only real choke points. I’d own it, don’t trade it: buy weakness in pieces, don’t chase a flat record-high tape just because the AI trade is hot.

Hyperscaler

GOOGL

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
$5,316.66
Total Gain %
10.07%

Qty # 150 · Last Price $387.35 · Value $58,102.50 · Total Cost $52,785.84

AI infrastructure is still the engine for Alphabet, and Isomorphic pulling in $2.1B says the Street is paying for real optionality beyond search, cloud, and ads. At +10% in the position I stay long but buy only on weakness, because hyperscaler capex has to keep converting into margins while the Micron headline screams that AI supply-chain winners can get ahead of themselves fast.

AI buildout — fiber, storage, power

GLW

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
$1,783.74
Total Gain %
9.89%

Qty # 100 · Last Price $198.24 · Value $19,824.00 · Total Cost $18,040.26

Materials and hardware picks-and-shovels are working, and Corning’s 9% fiber-optic demand move says the AI buildout is still pulling through real orders, not just hype. Stay long and own it, don’t trade it, because fiber is a bottleneck asset for data-center scale-outs and this thesis still has legs.

PWR

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
$161.67
Total Gain %
4.41%

Qty # 5 · Last Price $765.81 · Value $3,829.05 · Total Cost $3,667.38

Power is still the bottleneck trade in the AI buildout, and PWR sits right in the money flow: grid hardening, transmission, substations, fiber, storage. No fresh headline means no new catalyst, but with the position green I stay long and buy weakness in pieces, because the capex cycle is bigger than one quiet tape.

SNDK

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
$2,605.46
Total Gain %
16.01%

Qty # 13 · Last Price $1,452.02 · Value $18,876.26 · Total Cost $16,270.80

Storage is the AI bottleneck nobody respected, and SNDK is acting like the market finally found the margin leverage in flash, enterprise SSDs, and data-center rebuilds. Up 550% this year and +16% in the position, I would not chase a vertical move, but I would stay long and buy weakness in pieces because the trade is still on.

AI thematic & data

RDDT

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$388.95
Total Gain %
-7.84%

Qty # 30 · Last Price $152.35 · Value $4,570.50 · Total Cost $4,959.45

RDDT is still an AI data asset, but today’s tape is telling you the story is hostage to platform trust and political noise around Altman-adjacent holdings. I’d stay long but not add here: forcing mobile users into the app can lift engagement and ad monetization, yet it risks user backlash, so buy weakness in pieces, not strength.

Other holdings

AMZN

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$259.63
Total Gain %
-3.76%

Qty # 25 · Last Price $265.82 · Value $6,645.50 · Total Cost $6,905.13

Retail and logistics are the story: Amazon Now pushes the moat wider, but 30-minute delivery is a margin test because labor, routing density, and fulfillment capex have to pay for themselves. I like AMZN on weakness, but this is an “own it, don’t trade it” holding until AWS and ad margins do the heavy lifting again.

ASML

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
$30.60
Total Gain %
0.40%

Qty # 5 · Last Price $1,520.94 · Value $7,604.70 · Total Cost $7,574.10

ASML is the toll booth on leading-edge semis, but with no fresh headlines the read is unchanged: stay long, because EUV demand, service revenue, and AI capex keep the franchise intact. I would not chase a flat tape here; buy weakness in pieces and watch China restrictions, customer capex from TSMC/Intel/Samsung, and any CoWoS/HBM bottleneck that changes fab-tool timing.

BE

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$218.10
Total Gain %
-7.21%

Qty # 10 · Last Price $280.69 · Value $2,806.90 · Total Cost $3,025.00

Energy infrastructure first, space headline second: NASA fuel-cell chatter is a nice catalyst, but BE still has to prove margins, backlog quality, and power-demand pull-through at this valuation. I’d trim strength if position sizing got big, but for a smaller “other holdings” slot I’d stay long and make them earn the next add with cleaner execution.

INTC

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$452.20
Total Gain %
-5.08%

Qty # 70 · Last Price $120.61 · Value $8,442.70 · Total Cost $8,894.90

Semis first: Intel’s Ohio momentum says Washington-backed domestic capacity is still the bull case, but fabs eat cash before they print margin. I’d stay long only in pieces here, because AI enthusiasm lifts the group but Intel still has to prove execution against foundry capex, customers, and the TSMC gap.

NXPI

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$33.50
Total Gain %
-0.57%

Qty # 20 · Last Price $294.23 · Value $5,884.60 · Total Cost $5,918.10

Autos and industrial semis are in a holding pattern, and NXPI needs real demand acceleration before this becomes more than a quality cyclical. I’d hold it, not chase it, because the margin profile is solid but the group needs order recovery before the trade is on.

Q

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
$267.20
Total Gain %
8.62%

Qty # 20 · Last Price $168.36 · Value $3,367.20 · Total Cost $3,100.00

Data is stale, so this is a discipline call: Q sits in Other holdings, up 8.62%, and I would not let a quiet tape turn a winner into dead money. Keep it on a short leash, trim only if the original margin and demand thesis is no longer improving, otherwise own it and wait for real news.

STM

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$169.50
Total Gain %
-2.84%

Qty # 100 · Last Price $57.93 · Value $5,793.00 · Total Cost $5,962.50

Semis are selective right now, and STM gets no fresh catalyst today, so I treat it as a wait-for-proof holding rather than a name to press. I’d stay patient but demand evidence on auto/industrial demand and margin stabilization before adding.

TSM

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$162.20
Total Gain %
-2.00%

Qty # 20 · Last Price $397.28 · Value $7,945.60 · Total Cost $8,107.80

Semis first: TSM is still the toll road for AI, and NT$572.5B profit plus US$31.3B capex says demand is real, not narrative. Position is down 2%, so I like this name here on weakness in pieces, because Arizona spend, HBM, CoWoS, and customer concentration are the real variables, not today’s flat tape.

WDC

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$264.35
Total Gain %
-5.13%

Qty # 10 · Last Price $488.74 · Value $4,887.40 · Total Cost $5,151.75

Storage is not the AI bottleneck trade today; WDC is showing retail SSD discounting, not pricing power, and that keeps me cautious with the position already down 5.13%. I’d wait for evidence of enterprise demand, NAND discipline, and margin lift before adding here; this is a hold, not a booyah.

Watchlist

AMAT

APPLIED MATLS INC COM

$431.20 $0.00 (0.00%)

Semi equipment is still the toll road on AI capex, and AMAT lives where foundry spend, advanced packaging, and process control matter. At $431, I’d watch order commentary and China exposure before chasing; buy weakness only if margins hold and WFE demand stays tight.

GEV

GE VERNOVA INC COM

$1,071.98 $0.00 (0.00%)

GEV is still an electrification and grid-power bottleneck story, not a tech-futures story, so watch orders, margins, and turbine/grid equipment capacity before chasing a flat tape. I like the theme, but at $1,071 the setup needs earnings power to catch the stock; buy weakness in pieces, don’t get cute.

INTC

INTEL CORP COM

$120.61 $0.00 (0.00%)

Semis are back in favor and Intel’s Ohio momentum says the market is rewarding credible domestic capacity, but the watch item is execution: fabs need customers, yields, power, and discipline on capex. I like the setup only on proof points, because the trade is on when foundry demand turns from good vibes into booked volume.

IRDM

IRIDIUM COMMUNICATIONS INC COM

$41.66 $0.00 (0.00%)

Satellite comms is a niche infrastructure story, but an earnings miss after only a slight revenue beat says margins and execution are the watch items now. I would not chase IRDM here; let the post-print weakness prove whether recurring service revenue can offset hardware lumpiness.

LITE

LUMENTUM HLDGS INC COM

$992.37 $0.00 (0.00%)

Optical is the tell here: if Lumentum is jumping with semis, Marco should watch whether AI datacenter demand is pulling through real transceiver and laser orders, not just sympathy heat. I like the setup only if margins and backlog confirm the move; otherwise this is a watchlist name where the trade is on, but the proof has to come in the next print.

LRCX

LAM RESEARCH CORP COM NEW

$289.24 $0.00 (0.00%)

Semi equipment is the sector, and that headline is noise, not a Lam Research data point. Watch memory capex, China restrictions, and HBM-driven wafer fab demand; I like the setup only if orders and margins confirm, not off a flat tape.

NXPI

NXP SEMICONDUCTORS N V COM

$294.23 $0.00 (0.00%)

Autos and industrial chips are the tell for NXPI, and with no fresh headlines the setup is all about orders, inventory digestion, and margin resilience. I like watching it for a cleaner cyclical turn, but at $294 I would wait for proof that auto demand and industrial spend are actually reaccelerating.

Q

QNITY ELECTRONICS INC COMMON STOCK

$168.36 $0.00 (0.00%)

Healthcare services tape is quiet here, so Q needs a real catalyst: bookings, margins, and pharma R&D spend holding up. No fresh headlines means no chase; watch the next earnings guide because that decides whether the trade is on.

STM

STMICROELECTRONICS N V NY REGISTRY

$57.93 $0.00 (0.00%)

STM is an analog and auto-chip cyclical, so with no fresh headlines the tell is orders, industrial demand, and whether EV/auto inventory finally clears without crushing margins. At $57.93, I’d watch for commentary on silicon carbide, pricing, and utilization rates; no news means the setup hasn’t changed, booyah.