Markets Brief

Wednesday, July 8, 2026

Last updated 5:08 AM PT

Market Value

$202,454.94

Cost $239,993.08

Day's Gain

$0.00

0.00%

Total Gain

-$37,538.14

-15.64%

AI semis & memory

MU

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$6,940.70
Total Gain %
-10.97%

Qty # 60 · Last Price $938.38 · Value $56,302.80 · Total Cost $63,243.50

This is not a broken story; it is a cyclical memory name getting hit with the whole semi tape while AI servers still need HBM and high-bandwidth DRAM. Buy weakness in pieces and stay long, because the trade is on and the next report must prove margins, pricing discipline, and capex control.

AI buildout — fiber, storage, power

SNDK

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$6,598.00
Total Gain %
-28.97%

Qty # 10 · Last Price $1,617.70 · Value $16,177.00 · Total Cost $22,775.00

Memory is the sector tell: Sandisk bouncing with Micron says AI storage demand still has a bid, but these headlines give no hard proof on NAND pricing, margins, or hyperscaler orders. At a 29% drawdown, I stay long core, buy weakness only in pieces, and make the company prove the AI buildout is flowing into real storage dollars.

Other holdings

AMAT

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$4,108.90
Total Gain %
-12.91%

Qty # 50 · Last Price $554.50 · Value $27,725.00 · Total Cost $31,833.90

Semi-cap equipment is still the tollbooth on AI fabs, but no fresh catalyst and a 13% hole says discipline, not heroics. I’d stay long AMAT, buy weakness only in pieces, and watch HBM, CoWoS, China controls, and customer capex because that is where margins get made or hurt.

AMD

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$1,219.40
Total Gain %
-10.57%

Qty # 20 · Last Price $516.11 · Value $10,322.20 · Total Cost $11,541.60

Semis are under pressure, but AMD caught the right kind of headline: autonomous customers cutting Nvidia dependence means the market wants a second source. At a 10.57% position drawdown, I’d stay long and buy weakness in pieces, with the bull case riding AI accelerator demand, HBM and CoWoS supply, and margins catching up; own it, don’t trade it.

BE

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$1,872.90
Total Gain %
-18.80%

Qty # 30 · Last Price $269.57 · Value $8,087.10 · Total Cost $9,960.00

AI power is the sector, and Bloom just got a real demand signal: a $25 billion Brookfield expansion says customers are paying for behind-the-meter capacity because grid power is the choke point. At down 18.8% in the position and flat today at $269.57, I’d stay long but make it prove margins and backlog conversion before adding; the story is finally big enough, but execution has to catch up.

GEV

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$303.50
Total Gain %
-1.11%

Qty # 25 · Last Price $1,077.08 · Value $26,927.00 · Total Cost $27,230.50

Power equipment is still the right sector: grid demand, gas turbines, electrification, and utility capex matter more than a flat tape with no fresh headlines. At $1077.08 and only down 1.11% on the position, I stay long, buy weakness in pieces, and let backlog and margin expansion do the talking.

INTC

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$3,304.99
Total Gain %
-16.64%

Qty # 150 · Last Price $110.39 · Value $16,558.50 · Total Cost $19,863.49

Semis first: Dell's Trump bump helps PC sentiment, but Intel still lives or dies on margins, foundry burn, and whether client CPUs can fund the manufacturing rebuild. With the position down 16.64%, I would not chase sympathy strength; stay long in pieces, trim rips, and wait for real margin inflection before saying booyah.

MRVL

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$7,025.00
Total Gain %
-25.28%

Qty # 90 · Last Price $230.70 · Value $20,763.00 · Total Cost $27,788.00

Semis first: with no fresh headlines, MRVL is a patience trade, not a chase, because the bull case still runs through AI custom silicon, optical connectivity, and data-center margin leverage. Down 25.28% in the position, I’d buy weakness only in pieces and make management prove the AI ramp can offset legacy softness.

SPCX

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$120.87
Total Gain %
-28.79%

Qty # 2 · Last Price $149.47 · Value $298.94 · Total Cost $419.81

Space is a forced-flow story now: Nasdaq 100 inclusion pulls passive demand, but the real thesis is launch cadence, Starlink scale, and capex discipline around Starship. With the position down 28.79%, I would buy weakness in pieces and own it, don’t trade it, because index demand is the kicker, not the core.

TSM

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$876.60
Total Gain %
-9.20%

Qty # 20 · Last Price $432.57 · Value $8,651.40 · Total Cost $9,528.00

Semis are getting punished on AI valuation fear, but TSM is the AI toll road: leading-edge nodes, CoWoS packaging, and fab scale still pull margins. At a -9.20% position, buy weakness in pieces and own it, don’t trade it, because this is multiple pressure, not a broken demand story.

WDC

Day's Gain $
$0.00
Day's Gain %
0.00%
Total Gain $
-$5,167.28
Total Gain %
-32.69%

Qty # 20 · Last Price $532.10 · Value $10,642.00 · Total Cost $15,809.28

Storage is a memory-cycle trade today, and WDC is getting sympathy from Micron/Sandisk while the broader chip tape cools. I’d trim strength, keep size disciplined, and only buy weakness in pieces if NAND pricing and cloud demand keep improving.

Watchlist

AMD

ADVANCED MICRO DEVICES INC COM

$516.11 $0.00 (0.00%)

AI infrastructure is still the sector where focus beats sprawl, and that Honeywell breakup read-through says investors want pure exposure, not conglomerate drag. For AMD, watch data-center GPU orders, HBM and CoWoS supply, and gross margin lift versus Nvidia; I like the setup on weakness, not a blind chase at $516.

AVGO

BROADCOM INC COM

$370.78 $0.00 (0.00%)

Semis are about locked-in demand, custom silicon, and scarce AI networking capacity, and Broadcom just extended the Apple runway through 2031. A flat day changes nothing; watch Apple concentration, AI accelerator pull-through, HBM/CoWoS access, and margins because that is where AVGO earns the premium.

CBRS

CEREBRAS SYSTEMS INC COM CL A

$176.61 $0.00 (0.00%)

AI silicon is the fight, and Feldman's CNBC hit puts Cerebras right where OpenAI's chip pressures GPUs and tests accelerator margins. Watch HBM, packaging, power, and customer concentration; I like the theme, but this name needs proof of sticky hyperscaler demand before the trade is on.

GLW

CORNING INC COM

$185.38 $0.00 (0.00%)

GLW is an optical-and-specialty-glass play on AI data centers, broadband, and display pricing, not a headline trade today. Watch orders and margins; at $185.38 flat, I like patience over chasing.

GOOGL

ALPHABET INC CAP STK CL A

$367.03 $0.00 (0.00%)

Mega-cap internet is an AI capex fight now, and GOOGL has to prove Gemini, Search, and Cloud can turn chips, power, and data centers into margin dollars. At $367 flat, the setup has not changed: watch cloud growth, ad pricing, and Search share; I like waiting for weakness, not chasing a cage-fight headline.

IRDM

IRIDIUM COMMUNICATIONS INC COM

$51.09 $0.00 (0.00%)

Satellite connectivity is infrastructure now, and Aireon gives IRDM a cleaner aviation data angle right as Rocket Lab puts strategic value front and center. At $51.09 with no move today, watch deal timing, regulatory risk, and whether margins scale without capex bloat.

LITE

LUMENTUM HLDGS INC COM

$698.91 $0.00 (0.00%)

Optical is still the AI infrastructure battleground, and with no fresh LITE headlines the setup is unchanged. Watch datacenter orders, gross margins, and customer concentration; I like the sector, but the trade needs fresh proof.

LRCX

LAM RESEARCH CORP COM NEW

$326.13 $0.00 (0.00%)

Semi equipment is not a China handset unit story first; LRCX is a memory capex, etch, and installed-base service story, but a 13% China smartphone drop says end-demand can still bite. The trade is on only if DRAM/NAND pricing stays firm enough to keep fab spending alive, so I want weakness tied to phones, not cracks in capex.

NVDA

NVIDIA CORPORATION COM

$196.93 $0.00 (0.00%)

This is an AI-semiconductor valuation reset, not a thesis break: watch gross margins, CoWoS/HBM supply, and hyperscaler capex because those tell you whether demand is still ahead of supply. At $196.93, I like NVDA on weakness; the trade is on while margins stay elite and cloud capex keeps climbing.

PLTR

PALANTIR TECHNOLOGIES INC CL A

$134.37 $0.00 (0.00%)

AI defense software is still the setup here: procurement access, sticky government workflows, and expanding commercial AI demand are the engine. At $134, watch margins versus valuation and whether the power corridor keeps feeding contracts; I like the business, but the trade needs fresh proof, not hype.

PWR

QUANTA SVCS INC COM

$656.79 $0.00 (0.00%)

Grid power is the secular bull case, and PWR is one of the cleaner picks-and-shovels ways to play utility hardening, data centers, and electrification. With no fresh headlines and the stock flat at $656.79, watch backlog quality, labor costs, and margin conversion; I like the setup on weakness, but I don't chase a quiet tape.

Q

QNITY ELECTRONICS INC COMMON STOCK

$140.54 $0.00 (0.00%)

No fresh headlines and a flat $140.54 print means no new catalyst, just a watchlist name sitting on yesterday's story. I want the next move driven by real fundamentals: orders, margins, cash flow, and guidance; until then, no chase, let the setup come to you.

RDDT

REDDIT INC CL A

$199.44 $0.00 (0.00%)

RDDT is an ad-tech and attention story, and this headline says B2B dollars are waking up to Reddit’s messy but valuable intent graph. I like the setup on pullbacks, but watch advertiser tools, moderation costs, and ad yield because the trade is on only if chaos becomes margin.