Markets Brief

Wednesday, July 22, 2026

Last updated 5:06 AM PT

Market Value

$201,258.33

Cost $239,993.08

Day's Gain

$0.00

0.00%

Total Gain

-$38,734.75

-16.14%

AI semis & memory

MU

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$4,994.30
Total Gain %
-7.90%

Qty # 60 · Last Price $970.82 · Value $58,249.20 · Total Cost $63,243.50

Semis are back on offense, and Micron is the memory torque play because AI servers need HBM, DRAM pricing power, and tight supply to expand margins. Down 7.90% on the position, I’d buy weakness in pieces and stay long, because the trade is on as long as AI capex keeps soaking up premium memory capacity.

AI buildout — fiber, storage, power

SNDK

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$6,881.00
Total Gain %
-30.21%

Qty # 10 · Last Price $1,589.40 · Value $15,894.00 · Total Cost $22,775.00

Storage is the AI bottleneck the market keeps rediscovering, and SNDK has direct torque to NAND pricing, enterprise SSD demand, and hyperscaler capex. Down 30% in the position, buy weakness in pieces, demand margin discipline, and own the AI storage cycle, don't trade the panic.

Other holdings

AMAT

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$3,606.40
Total Gain %
-11.33%

Qty # 50 · Last Price $564.55 · Value $28,227.50 · Total Cost $31,833.90

Semi equipment first: with no fresh headlines, AMAT is about foundry and memory capex, HBM-driven advanced packaging, China controls, and margin durability. Down 11% in the position, I’d hold and add only on real capex strength; no chase, own the cycle in pieces.

AMD

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$653.00
Total Gain %
-5.66%

Qty # 20 · Last Price $544.43 · Value $10,888.60 · Total Cost $11,541.60

AI semis are still the trade, and Microsoft putting AMD Helios on Azure is real hyperscaler validation, not noise. I like AMD on weakness in pieces, but keep it sized because the win has to turn into margin-rich accelerator revenue against Nvidia, HBM, CoWoS, and grid power constraints.

BE

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$3,172.20
Total Gain %
-31.85%

Qty # 30 · Last Price $226.26 · Value $6,787.80 · Total Cost $9,960.00

Hormuz risk and $120 Brent put energy security front and center; distributed power is the sector angle, not that SpaceX share-unlock noise. BE still needs margins, customer concentration, and capex discipline to prove the story, so at $226.26 with the position down 31.85%, I’d buy weakness in pieces, not chase it.

GEV

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$260.25
Total Gain %
-0.96%

Qty # 25 · Last Price $1,078.81 · Value $26,970.25 · Total Cost $27,230.50

GEV is a grid power scarcity story, but with no fresh headlines and a flat tape, the trade is not on today. Stay long, own it, don’t trade it, and only add on real weakness because the multiple already demands margin expansion, backlog quality, and clean execution.

INTC

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$4,045.99
Total Gain %
-20.37%

Qty # 150 · Last Price $105.45 · Value $15,817.50 · Total Cost $19,863.49

Semis are AI-led, but Intel is not the clean way to play it when data-center layoffs hit right before earnings. I would not average down here; make them prove margins, foundry discipline, and real AI customer pull first.

MRVL

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$9,071.60
Total Gain %
-32.65%

Qty # 90 · Last Price $207.96 · Value $18,716.40 · Total Cost $27,788.00

Semis first: with no fresh headlines, MRVL is about AI data-center silicon, optical connectivity, and margin expansion as custom wins scale. This is not a victory lap at down 32.65%; I would stay long, buy weakness in pieces, and demand proof that cloud capex turns into margin dollars.

SPCX

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$172.73
Total Gain %
-41.14%

Qty # 2 · Last Price $123.54 · Value $247.08 · Total Cost $419.81

Space is a liquidity sector first today, and the SpaceX unlock is the bear case because insider supply can crush a private-growth proxy like SPCX even with Cathie Wood buying. I’d hold the core, avoid adding here, and wait for forced-selling weakness; the real bull case is still launch cadence, Starlink cash flow, and capex discipline.

TSM

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$1,035.80
Total Gain %
-10.87%

Qty # 20 · Last Price $424.61 · Value $8,492.20 · Total Cost $9,528.00

AI semis still run through TSMC, and the real story is CoWoS capacity, HBM pull-through, capex discipline, and concentration with the mega-cap customers. At -10.87% in the position, I’d buy weakness in pieces and stay long: own it, don’t trade it.

WDC

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$4,841.48
Total Gain %
-30.62%

Qty # 20 · Last Price $548.39 · Value $10,967.80 · Total Cost $15,809.28

Storage is a derivative AI trade, not the main event: WDC needs NAND pricing discipline, cloud HDD demand, and margin recovery to earn a chip-stock rerate. At a 30% drawdown and a flat tape, I’d hold the core, buy weakness only in pieces, and demand earnings proof before pressing.

Watchlist

CBRS

CEREBRAS SYSTEMS INC COM CL A

$208.57 $0.00 (0.00%)

No fresh headlines means no catalyst, so this is watchlist discipline: do not chase a flat tape at $208.57 without a sector tell or company-specific margin story. I’d wait for real news, volume, or guidance color; otherwise the trade is not on.

GLW

CORNING INC COM

$162.41 $0.00 (0.00%)

GLW is tech hardware and AI plumbing, not a momentum story; the tell is optical connectivity demand, display-glass pricing, and margin expansion. No fresh headlines and a flat tape change nothing: keep watching it and buy weakness in pieces only when the fundamentals confirm.

IRDM

IRIDIUM COMMUNICATIONS INC COM

$47.24 $0.00 (0.00%)

Satellite connectivity is a scarcity story, but with no fresh catalyst the setup is about free cash flow, subscriber adds, equipment demand, and whether direct-to-device turns from promise into revenue. I like IRDM on weakness, not at any price, because the trade is on only if margins hold and capex stays disciplined.

LRCX

LAM RESEARCH CORP COM NEW

$322.00 $0.00 (0.00%)

That FOX Sports “LAM” headline is noise, not Lam Research; ignore it. LRCX is a semicap equipment call, and the setup lives or dies on memory capex, HBM-driven DRAM demand, NAND recovery, China restrictions, and etch/deposition orders.

NVDA

NVIDIA CORPORATION COM

$207.29 $0.00 (0.00%)

AI infrastructure is still the main event, and Nvidia’s nearly $4 billion cloud stake screams ecosystem control: GPUs, networking, software, customers. Flat at $207.29 changes nothing; watch HBM, CoWoS, cloud capex, and margin durability, because I like this name on weakness, booyah.

PLTR

PALANTIR TECHNOLOGIES INC CL A

$132.66 $0.00 (0.00%)

Enterprise AI is the story here: Palantir keeps pushing ontology as the operating layer, and construction is exactly the messy, fragmented market where that pitch can stick. At $132.66 with no move today, the setup hasn’t changed; watch whether AIP converts pilots into margin-rich software revenue, because booyah talk means nothing without customer expansion.

PWR

QUANTA SVCS INC COM

$639.20 $0.00 (0.00%)

Power infrastructure is still the place to be because grid hardening, utility capex, and data-center load are not optional. With no fresh headline and PWR flat at $639.20, watch backlog quality, margin conversion, and equipment bottlenecks before chasing; buy weakness in pieces, booyah.

Q

QNITY ELECTRONICS INC COMMON STOCK

$138.78 $0.00 (0.00%)

No fresh headlines means no catalyst, and a flat tape at $138.78 says the market is waiting for proof. Watch the next print for margin strength and demand durability; until then, this is a watchlist name, not a chase.

RDDT

REDDIT INC CL A

$185.84 $0.00 (0.00%)

RDDT gets no read-through from a German space-component financing; that headline is noise for a social-platform ad and data-licensing story. Watch ad load, logged-in user growth, AI data deals, and margin expansion into earnings; I like the setup if revenue growth stays hot without moderation costs eating the leverage.

SIMO

SILICON MOTION TECHNOLOGY CORP SPONSORED ADR

$278.17 $0.00 (0.00%)

Semis/storage first: this Tesla headline does nothing for SIMO, so do not chase a flat tape on unrelated auto-valuation noise. Watch NAND demand, controller margins, China exposure, and AI PC/storage attach before the trade is on.