Markets Brief

Thursday, September 3, 2026

Last updated 5:02 AM PT

Market Value

$66,352.10

Cost $66,016.63

Day's Gain

$0.00

0.00%

Total Gain

$335.47

0.51%

AI semis & memory

MU

Day's Gain $
$0.00
Day's Gain %
0.00%
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 still the swing factor, and these headlines are flashing valuation risk into a cycle that can turn ugly if HBM pricing, AI server demand, or Nvidia-linked capex slows before 2029. I would not chase MU here; stay long if you own it, but trim strength and only buy weakness in pieces when margins and HBM supply visibility justify it.

NVDA

Day's Gain $
$0.00
Day's Gain %
0.00%
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 center lane, and NVDA at 24 times forward earnings with AI adoption accelerating is not a stock I’d rush out of over a flat day and a tiny position drawdown. Own it, don’t trade it, but buy weakness in pieces because the real choke points are HBM, CoWoS, optical, and power, and Nvidia still sits closest to the spend.

AI buildout — fiber, storage, power

SNDK

Day's Gain $
$0.00
Day's Gain %
0.00%
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 still in the AI buildout trade, and SNDK works if NAND pricing stays tight while hyperscaler demand keeps chewing through capacity. Down 9.78% in the position, I’d buy weakness in pieces, not chase green ticks, because the upside comes from margins and supply discipline, not one Friday headline.

Other holdings

SKHY

Day's Gain $
$0.00
Day's Gain %
0.00%
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 an HBM and memory cycle story, and the Japan plant headline says capacity is the battleground, not some cute debut trade. I like staying long, but after a 4.77% gain I’d only add on weakness because capex has to turn into pricing power and margin expansion.

TSLA

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
$761.30
Total Gain %
7.65%

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

Autos first, and TSLA is still a premium multiple story that needs Cybercab credibility plus China recall containment to keep the trade alive. Revenue growth at 25.52% is the bull case, but I would stay long only if margins hold because recalls, price cuts, and autonomy capex can eat the upside fast.

Watchlist

AVGO

BROADCOM INC COM

$367.24 $0.00 (0.00%)

AVGO is a quality AI-infrastructure name, but this tape says pause, not chase, with the stock flat after a tight giveback and no fresh fundamental catalyst in the headline. Watch the next real read on AI networking, custom silicon demand, and CoWoS/HBM supply because if those stay tight, I like this name on weakness, booyah.

CBRS

CEREBRAS SYSTEMS INC COM CL A

$184.52 $0.00 (0.00%)

AI accelerators are the battleground, and Cerebras is rallying because the market wants any credible alternative to Nvidia when compute demand is this tight. Watch the customer concentration, gross margin path, and supply-chain access to advanced packaging; if those hold up, the trade is on, but I would not chase a one-day re-rating blindly.

GLW

CORNING INC COM

$144.13 $0.00 (0.00%)

Electronic components first: GLW needs a real guide-up, not just a sympathy move, because weakest guidance in the group says margins and demand still have to prove themselves. I would not chase this flat tape; watch optical demand, display pricing, and AI data-center glass/fiber pull-through, then buy weakness only if the next update shows guidance turning up.

GOOGL

ALPHABET INC CAP STK CL A

$337.12 $0.00 (0.00%)

Internet and AI infrastructure are still the setup, and Andrew Boone’s $515 target says the trade is on if search margins hold while cloud and Gemini monetization keep scaling. Watch capex discipline, TPU demand, and regulatory noise; I like GOOGL on weakness, not after a chase.

LRCX

LAM RESEARCH CORP COM NEW

$288.32 $0.00 (0.00%)

Semicap equipment is still a pick-and-shovel AI trade, and Lam lives right in the wafer fab spend cycle where NAND recovery and advanced logic capex matter most. Watch orders, gross margins, and China exposure; if those hold up, I like this name on weakness, but the trade needs real fab spending to keep pushing.

PLTR

PALANTIR TECHNOLOGIES INC CL A

$169.46 $0.00 (0.00%)

PLTR is still the software-infrastructure momentum name, but a 6% drop on a thin headline tells me the multiple is doing the talking, not the fundamentals. Watch government AI deal flow, commercial customer growth, and margin durability; I like the setup only on real weakness, not a flat tape chase.

PWR

QUANTA SVCS INC COM

$610.78 $0.00 (0.00%)

PWR is an electrification and grid-power derivative, and that is still one of the cleanest infrastructure themes in the market. At 37.7 times forward earnings with a Value score of F, I would watch for backlog growth and margin discipline before chasing it here; buy weakness in pieces if the grid capex story keeps compounding.

Q

QNITY ELECTRONICS INC COMMON STOCK

$117.69 $0.00 (0.00%)

Qnity is a semi materials watchlist name, and Stackplane slurries put it right in the advanced packaging pinch point where HBM, chiplets, and CoWoS demand are forcing spend. I like the setup if the product turns into design wins, but the trade is on only when revenue proof shows up, not just the press release.

TSM

TAIWAN SEMICONDUCTOR MANUFACT SPONSORED ADS

$415.50 $0.00 (0.00%)

Semis are cooling with Taiwan tape weak, but TSM is the toll road for AI compute and the real watch is CoWoS capacity, HBM packaging pull-through, and whether customers keep prepaying for leading-edge wafers. At $415.50 flat on a down local market read, I like the setup on weakness, but the trade is on only if margins hold while capex stays disciplined.