Markets Brief

Friday, July 24, 2026

Last updated 5:07 AM PT

Market Value

$200,335.83

Cost $239,993.08

Day's Gain

$0.00

0.00%

Total Gain

-$39,657.25

-16.52%

AI semis & memory

MU

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$3,830.90
Total Gain %
-6.06%

Qty # 60 · Last Price $990.21 · Value $59,412.60 · Total Cost $63,243.50

Memory is the AI semis choke point, and Bank of America plus Google-driven demand says the trade is still on even if SK Hynix is getting more love. Down 6%, I would stay long and buy weakness in pieces because HBM pricing, margins, and supply tightness matter more than one flat tape day.

AI buildout — fiber, storage, power

SNDK

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$6,671.70
Total Gain %
-29.29%

Qty # 10 · Last Price $1,610.33 · Value $16,103.30 · Total Cost $22,775.00

AI infrastructure first: memory and storage are back in demand because data centers need capacity, fiber-fed throughput, and power-heavy racks, not just GPUs. SNDK is wounded in the book, but I like this name here in pieces; buy weakness, watch margins, and let the AI storage cycle work.

Other holdings

AMAT

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$3,693.90
Total Gain %
-11.60%

Qty # 50 · Last Price $562.80 · Value $28,140.00 · Total Cost $31,833.90

Semicap is an AI capex cycle stock, and with no fresh AMAT headlines the debate is orders: foundry spend, HBM-driven memory tools, advanced packaging, and margin discipline. The position is down 11.6%, so I stay long but do not press; buy weakness in pieces only when order visibility improves, own it, don't trade it.

AMD

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$747.80
Total Gain %
-6.48%

Qty # 20 · Last Price $539.69 · Value $10,793.80 · Total Cost $11,541.60

AI infrastructure is the right battlefield, and AMD’s new chip partnerships plus next-gen platform push keep it in the Nvidia chase where HBM, CoWoS, optics, and customer wins decide the game. At a 6.48% position drawdown, I like buying weakness in pieces and staying long, but margins and accelerator revenue have to prove the thesis.

BE

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$3,441.00
Total Gain %
-34.55%

Qty # 30 · Last Price $217.30 · Value $6,519.00 · Total Cost $9,960.00

Distributed power is attractive, but BE is still a show-me name: margins, backlog conversion, and cash burn have to prove data-center and grid-power demand is becoming profitable revenue. With no fresh headlines and the position down 34.55%, I’d keep only a right-sized piece, add nothing here, and let stronger power-infrastructure names carry the portfolio weight.

GEV

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$1,450.75
Total Gain %
-5.33%

Qty # 25 · Last Price $1,031.19 · Value $25,779.75 · Total Cost $27,230.50

Power is the winning sector: AI demand is stuffing GE Vernova’s order book, and grid gear plus gas turbines beat the wind mess. Own it, don’t trade it; I’d add only on pullbacks because wind is still the margin sink and execution has to catch up.

INTC

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$4,828.99
Total Gain %
-24.31%

Qty # 150 · Last Price $100.23 · Value $15,034.50 · Total Cost $19,863.49

Semis are still the tape leader, and Intel finally put up the AI-driven revenue acceleration that gets money managers back in the name, booyah. I would not chase an 11% gap, but I like holding the core while demanding proof on margins, foundry losses, capex discipline, and real AI customer traction before adding.

MRVL

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$8,949.20
Total Gain %
-32.21%

Qty # 90 · Last Price $209.32 · Value $18,838.80 · Total Cost $27,788.00

Semis first: no fresh headlines means MRVL is an execution story, and AI custom silicon, optical, and data-center attach have to carry margins through capex and customer concentration risk. Down 32% in the book, own it, don’t trade it; I’d hold core and buy weakness in pieces only when the margin leverage shows up.

SPCX

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$183.33
Total Gain %
-43.67%

Qty # 2 · Last Price $118.24 · Value $236.48 · Total Cost $419.81

Aerospace is not the problem; private-market pricing and Musk-linked headline risk are the problem, and SPCX is getting hit like a sentiment vehicle, not a clean operating story. I’d keep it small, own only what you can stomach, and wait for proof in Starlink margins, launch cadence, capex discipline, and real liquidity before adding.

TSM

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$1,216.40
Total Gain %
-12.77%

Qty # 20 · Last Price $415.58 · Value $8,311.60 · Total Cost $9,528.00

Semis first: TSM is the toll road for AI silicon, and the real story is not a 1.4% wiggle, it is CoWoS capacity, HBM supply, and whether hyperscaler capex keeps filling the fabs. With the position down 12.77%, I would own it, don’t trade it, adding only in pieces because margins and capex discipline matter more than today’s tape.

WDC

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$4,643.28
Total Gain %
-29.37%

Qty # 20 · Last Price $558.30 · Value $11,166.00 · Total Cost $15,809.28

Storage is working because AI needs memory, but a 574% SanDisk move says the easy money in NAND rerating is gone and margins have to do the talking now. On WDC down 29%, I keep a smaller core, avoid chasing the spike, and add only on real NAND pricing strength and AI customer demand, booyah.

Watchlist

AMD

ADVANCED MICRO DEVICES INC COM

$539.69 $0.00 (0.00%)

AI silicon is the battleground, and AMD needs deals like this to prove MI-series demand can broaden beyond hyperscaler pilots. Watch gross margins, HBM and CoWoS allocation, and whether these partnerships turn into revenue instead of press releases; I like the setup, but buy weakness, not headlines.

AVGO

BROADCOM INC COM

$392.47 $0.00 (0.00%)

Semis are fine, but AVGO's near-term headline risk is software: VMware pricing and EU antitrust pressure can cap the multiple even if AI networking demand stays hot. Watch whether cloud customers keep pushing back; if that clears without denting VMware margins, I like buying weakness in pieces.

BE

BLOOM ENERGY CORP COM CL A

$217.30 $0.00 (0.00%)

Energy equipment is the sector, and Bloom is an AI power scarcity story, not a sleepy fuel-cell name. After a 14% flush and a flat tape near $217, watch data-center orders, gross margin, fuel supply economics, and whether onsite power can dodge the grid bottleneck; the trade is on only if backlog turns into profitable deployments.

CBRS

CEREBRAS SYSTEMS INC COM CL A

$220.00 $0.00 (0.00%)

AI compute is the sector, and the AMD partnership puts Cerebras back on the radar, but press-release heat is not revenue. Watch for real Helio system shipments, gross margin discipline, and whether HBM/CoWoS supply turns this from story stock into operating leverage.

GLW

CORNING INC COM

$156.06 $0.00 (0.00%)

Specialty glass and optical is the story, and with no fresh headlines I am watching data-center fiber demand, display pricing, and margin discipline. At $156.06 and flat, the setup is unchanged: I like GLW on weakness, but the trade is only on if optical growth keeps outrunning the legacy glass cycle.

LITE

LUMENTUM HLDGS INC COM

$833.64 $0.00 (0.00%)

Optical is the sector to watch here: AI data-center demand, coherent modules, and customer concentration matter more than a flat tape with no fresh headlines. No catalyst, no chase; I’d watch margins and order commentary, because LITE only gets interesting if the hyperscaler buildout turns into real optical revenue.

PLTR

PALANTIR TECHNOLOGIES INC CL A

$123.37 $0.00 (0.00%)

AI software is still where budgets are moving, and the Kirkland-Palantir tie-up says PLTR’s AIP story is pushing beyond defense into high-margin enterprise workflow. At $123.37 flat on the day, watch deal cadence, customer concentration, and whether revenue growth keeps outrunning sales spend; if that holds, the trade is on.

PWR

QUANTA SVCS INC COM

$653.80 $0.00 (0.00%)

With no fresh headlines and a flat tape, PWR is a grid-power and data-center electrification watchlist name, not a news-driven chase. Watch backlog, utility capex, labor availability, and margin conversion; if those stay clean, I like this name on weakness because the trade is on in power infrastructure.

Q

QNITY ELECTRONICS INC COMMON STOCK

$138.66 $0.00 (0.00%)

Semiconductor materials first: with no fresh headlines, Qnity lives or dies on wafer starts, CMP/photoresist demand, and margin discipline into the Aug. 4 earnings print. I like the sector, but after the run this is watch-the-quarter, not chase-the-tape; buy weakness only if margins and AI fab demand stay hot.

RDDT

REDDIT INC CL A

$168.78 $0.00 (0.00%)

RDDT is an internet platform with an AI data-licensing kicker, and this Google-access headline puts a real ceiling on the multiple until management proves it has pricing power. Watch the next deal signal: if Reddit replaces Google economics, the trade is on; if access gets shut off with no buyer, I stay patient.