Markets Brief

Wednesday, August 5, 2026

Last updated 3:05 PM PT

Market Value

$76,788.00

Cost $77,686.36

Day's Gain

-$523.50

-0.68%

Total Gain

-$898.36

-1.16%

AI semis & memory

MU

Day's Gain $
$5.20
Day's Gain %
0.06%
Total Gain $
$107.30
Total Gain %
1.22%

Qty # 10 · Last Price $893.19 · Value $8,931.90 · Total Cost $8,824.60

Memory is still an AI bottleneck, but MU is not a clean buy-the-dip until the Q4 guide proves DRAM, NAND, and HBM margins can carry the cycle. I’d stay long, buy weakness in pieces, and watch HBM supply, customer concentration, and capex discipline because the trade is on only if Micron turns AI demand into durable margin expansion.

NVDA

Day's Gain $
$269.00
Day's Gain %
1.24%
Total Gain $
$97.03
Total Gain %
0.44%

Qty # 100 · Last Price $219.22 · Value $21,922.00 · Total Cost $21,824.97

AI semis are still the leadership group, and NVDA at $219 with positive action says own it, don't trade it. I like the name here, but add only on weakness because the real tell into Aug. 26 is whether Blackwell demand keeps outrunning HBM, CoWoS, power, and optical supply.

Other holdings

AMZN

Day's Gain $
-$477.00
Day's Gain %
-1.72%
Total Gain $
-$912.00
Total Gain %
-3.24%

Qty # 100 · Last Price $272.65 · Value $27,265.00 · Total Cost $28,177.00

Mega-cap cloud and retail still works: AWS demand and ad margins need to outrun the AI capex bill, and investors are accepting the spend because Amazon can monetize compute, fulfillment, and ads. At $272.65, buy weakness in pieces; earnings are the scoreboard, and margin leverage decides whether this is own it, don’t trade it.

BE

Day's Gain $
-$37.20
Day's Gain %
-0.79%
Total Gain $
-$37.20
Total Gain %
-0.79%

Qty # 20 · Last Price $234.33 · Value $4,686.60 · Total Cost $4,723.80

Clean energy is separating power suppliers from science projects, and BE belongs in the power-supplier lane with AI grid scarcity as the real demand driver. Today’s -0.79% is noise; own it, don’t trade it, but keep pressure on margins, backlog quality, and customer concentration because that’s where this name wins or breaks.

SKHY

Day's Gain $
-$167.50
Day's Gain %
-2.17%
Total Gain $
-$68.50
Total Gain %
-0.90%

Qty # 50 · Last Price $151.03 · Value $7,551.50 · Total Cost $7,619.99

Semis first: SKHY is an AI-memory leverage play, and Chey buying stock with his own money says this dip is not a broken thesis. Buy weakness in pieces and stay long, because HBM demand, margins, and supply tightness are still the trade here.

TSLA

Day's Gain $
-$116.00
Day's Gain %
-1.77%
Total Gain $
-$85.00
Total Gain %
-1.30%

Qty # 20 · Last Price $321.55 · Value $6,431.00 · Total Cost $6,516.00

EV and autonomy have no clean catalyst in that headline; this is price-action recap, not proof of better margins, deliveries, FSD adoption, or storage upside. At $321.55, TSLA stays in the other-holdings bucket: own a starter, don’t trade the noise.

Watchlist

AVGO

BROADCOM INC COM

$418.28 $0.12 (0.03%)

Semis are still about AI plumbing, and Broadcom is one of the toll collectors: custom silicon, networking, VMware cash flow. The recent move does not change the setup; watch AI order growth, HBM/CoWoS supply, and whether margins keep expanding.

CBRS

CEREBRAS SYSTEMS INC COM CL A

$214.30 -$12.85 (-5.66%)

AI accelerator tape is still alive, but CBRS giving back 5.66% after that 14.7% rip says the market wants proof, not poetry. Watch margins, backlog quality, customer concentration, and HBM/CoWoS access; if those check out, the trade is still on, but do not chase it blind.

GOOGL

ALPHABET INC CAP STK CL A

$362.43 -$15.22 (-4.03%)

Mega-cap internet is getting hit because AI capex is the new tax on search dominance, and a 4% down day after a 71% one-year run is a reset, not a thesis break. Cramer was shocked by the shares, but the watchlist trigger is Cloud margin plus Gemini monetization; show spending discipline and I like this name here.

IRDM

IRIDIUM COMMUNICATIONS INC COM

$48.37 -$1.24 (-2.50%)

Satellite communications is a capex-heavy, debt-sensitive sector, and one institution trimming IRDM is noise; the real tell is service revenue and free cash flow. Watch margins, subscriber adds, debt paydown, and direct-to-device competition; this is a watch, not a chase.

LRCX

LAM RESEARCH CORP COM NEW

$307.42 -$10.32 (-3.25%)

Semi-cap is still an AI capex toll road, but after a 157% one-year rip LRCX needs memory spending, HBM tool intensity, and margin leverage to keep earning that premium. Down 3.25% today does not break the story; watch orders, NAND recovery, China exposure, and whether management turns that June-quarter strength into a bigger 2026 setup.

NVDA

NVIDIA CORPORATION COM

$219.22 $7.28 (3.43%)

AI semis are leading again, and NVDA clearing a key level into AMD earnings says the trade is on if datacenter demand, margins, HBM, and CoWoS stay tight. For a watchlist name, I like NVDA on weakness, not after a 3.43% sprint.

PWR

QUANTA SVCS INC COM

$682.99 -$10.01 (-1.44%)

PWR is a grid-capex winner, and that 17% earnings pop says buyers are paying for backlog, utility spend, and the power-demand buildout. Today’s dip doesn’t break the setup; on a watchlist I like this name on weakness, but chase nothing after that kind of rip.

Q

QNITY ELECTRONICS INC COMMON STOCK

$135.64 -$6.03 (-4.26%)

Electronics materials is still an AI capex lane, and Qnity just put up the right signal with a Q2 beat and raised full-year guide. The 4% drop is a watchlist reset, not a thesis killer; watch margins, advanced packaging exposure, and customer concentration, because the trade is on only if guide-up turns into operating leverage.

RDDT

REDDIT INC CL A

$155.26 -$4.71 (-2.94%)

Social ads are the sector, and Reddit’s 61% revenue growth to $805 million says the monetization engine is still accelerating despite today’s hit. Watch margins and ad load: if engagement holds while sales keep outrunning users, I like this name on weakness, but valuation still has to earn every point.

SIMO

SILICON MOTION TECHNOLOGY CORP SPONSORED ADR

$246.65 -$21.84 (-8.13%)

Semis are punishing anything where record margins come with cash-use questions, and SIMO’s 8% drop says the Street wants proof those controller margins are durable. Watch NAND pricing, customer concentration, and capital return; if management answers cleanly, I like this name on weakness.