Markets Brief

Wednesday, July 8, 2026

Last updated 3:08 PM PT

Market Value

$204,908.45

Cost $239,993.08

Day's Gain

$2,453.51

1.21%

Total Gain

-$35,084.63

-14.62%

AI semis & memory

MU

Day's Gain $
$625.20
Day's Gain %
1.11%
Total Gain $
-$6,315.50
Total Gain %
-9.99%

Qty # 60 · Last Price $948.80 · Value $56,928.00 · Total Cost $63,243.50

AI semis first: Micron sold off with the group, but the headlines say record quarter, AI input leadership, soaring revenue and profits, so this is sector pressure, not a broken thesis. At down 9.99% in the position and 22% from the high, I’d buy weakness in pieces and stay long because HBM and DRAM are still pulled by AI capex; the trade is on.

AI buildout — fiber, storage, power

SNDK

Day's Gain $
$1,094.80
Day's Gain %
6.77%
Total Gain $
-$5,503.20
Total Gain %
-24.16%

Qty # 10 · Last Price $1,727.18 · Value $17,271.80 · Total Cost $22,775.00

Storage is the AI plumbing trade, and SNDK is finally getting a bid, but a 24% position drawdown says this is repair, not victory. Iran and oil are tape noise; the real test is NAND pricing, enterprise AI storage demand, margins, and capex discipline, so I’d buy weakness in pieces and not chase this 6.77% rip.

Other holdings

AMAT

Day's Gain $
$800.00
Day's Gain %
2.89%
Total Gain $
-$3,308.90
Total Gain %
-10.39%

Qty # 50 · Last Price $570.50 · Value $28,525.00 · Total Cost $31,833.90

Semicap equipment is catching the AI capex bid, but AMAT needs real order acceleration in HBM, advanced packaging, and leading-edge foundry to repair that -10% position. I’d hold the core, don’t chase the 3% pop, and buy weakness in pieces when capex visibility tightens.

AMD

Day's Gain $
$25.90
Day's Gain %
0.25%
Total Gain $
-$1,193.50
Total Gain %
-10.34%

Qty # 20 · Last Price $517.40 · Value $10,348.10 · Total Cost $11,541.60

Autos are the tell: AMD is getting a real opening as customers cut Nvidia dependence, and that is a fundamentals story around customer concentration and supply leverage. Chip tape is cooling, so I would not chase green, but this is buy weakness in pieces and stay long if the AI and edge compute thesis is still intact.

BE

Day's Gain $
-$458.40
Day's Gain %
-5.67%
Total Gain $
-$2,331.30
Total Gain %
-23.41%

Qty # 30 · Last Price $254.29 · Value $7,628.70 · Total Cost $9,960.00

AI power is the sector, and Brookfield expanding the Bloom partnership to $25 billion says the grid bottleneck is real, but the tape wants margins and cash conversion now. I’d stay long only if you believe Bloom can scale deployments without wrecking profitability; otherwise trim strength, don’t worship the headline.

GEV

Day's Gain $
-$152.25
Day's Gain %
-0.57%
Total Gain $
-$455.75
Total Gain %
-1.67%

Qty # 25 · Last Price $1,070.99 · Value $26,774.75 · Total Cost $27,230.50

Power equipment: that Nature headline is pure noise for GEV, no read-through, no expert signal, move on. At $1070.99 I stay long but do not chase; the real story is grid capex, gas turbines, electrification margins, and power bottlenecks, booyah.

INTC

Day's Gain $
-$22.50
Day's Gain %
-0.14%
Total Gain $
-$3,327.49
Total Gain %
-16.75%

Qty # 150 · Last Price $110.24 · Value $16,536.00 · Total Cost $19,863.49

Semis have a tight-supply bid, but INTC is not the cleanest way to play it because the margin story is still buried under foundry capex, manufacturing execution, and tariff cost pressure. I’d keep this in the penalty box, trim strength into rebounds, and put fresh money toward chip names with pricing power in HBM, CoWoS, optical, or grid-constrained AI infrastructure.

MRVL

Day's Gain $
$90.90
Day's Gain %
0.44%
Total Gain $
-$6,934.10
Total Gain %
-24.95%

Qty # 90 · Last Price $231.71 · Value $20,853.90 · Total Cost $27,788.00

Semis first: no fresh headline means MRVL has to earn it on fundamentals, and the bar is AI custom silicon, optical, and data-center margins, not vibes. Down 24.95% in the position, I would buy weakness only in small pieces for AI-infrastructure exposure; otherwise trim rallies and keep it in the penalty box.

SPCX

Day's Gain $
-$2.34
Day's Gain %
-0.78%
Total Gain $
-$123.21
Total Gain %
-29.35%

Qty # 2 · Last Price $148.30 · Value $296.60 · Total Cost $419.81

Space is a scale-and-capex sector, and SPCX breaking below its debut price is a bad tape signal while Blue Origin chasing funding says the capital race is still brutal. I would not panic-sell a position down 29%; own the launch and Starlink engine, but only add in pieces if Morgan Stanley and Goldman’s bullish call is backed by margins and cash conversion, booyah.

TSM

Day's Gain $
$88.20
Day's Gain %
1.02%
Total Gain $
-$788.40
Total Gain %
-8.27%

Qty # 20 · Last Price $436.98 · Value $8,739.60 · Total Cost $9,528.00

Semis first: TSM is the AI toll road, and a 1% move on recycled “time to buy” chatter and one fund trim is noise. At -8% in the position, I’d stay long and buy weakness in pieces; CoWoS capacity, HBM attach, Apple/hyperscaler demand, and margins matter more than this headline tape.

WDC

Day's Gain $
$364.00
Day's Gain %
3.42%
Total Gain $
-$4,803.28
Total Gain %
-30.38%

Qty # 20 · Last Price $550.30 · Value $11,006.00 · Total Cost $15,809.28

Storage is the overlooked AI plumbing, but this market is punishing chip-adjacent names because Samsung’s profit did not answer the margin and capex durability question. At down 30%, I like WDC on weakness in pieces, not up 3% into a semi selloff; own the recovery, don’t trade the bounce.

Watchlist

AMD

ADVANCED MICRO DEVICES INC COM

$517.40 $1.29 (0.25%)

Semis first: any autonomous-driving win that reduces Nvidia dependence validates AMD’s open-door pitch, but the move only matters if it turns into volume silicon, software attach, and durable gross-margin lift. Watch the customer list and supply chain, especially HBM and CoWoS access; I like the setup, but at $517.40 after a small green day, make the next proof point earn it.

AVGO

BROADCOM INC COM

$388.69 $17.91 (4.83%)

Semis are back in risk-on mode, and Cramer’s long-term-buy framing fits AVGO if AI networking, custom ASIC demand, and VMware margin expansion keep overpowering customer concentration risk. At $388.69 after a +4.83% pop, I would not chase it; watch CoWoS, HBM, optical attach, and hyperscaler capex, then buy weakness in pieces if the fundamentals stay hot.

CBRS

CEREBRAS SYSTEMS INC COM CL A

$181.72 $5.11 (2.89%)

AI accelerators are the battleground, and Feldman’s CNBC hit puts Cerebras right in the GPU displacement debate with OpenAI’s chip as the marker. I’d watch customer wins, gross margin, HBM, CoWoS, and grid power, because after a 2.9% move the setup needs fundamentals, not just AI heat.

GLW

CORNING INC COM

$184.03 -$1.35 (-0.73%)

Optical and specialty glass are the tell here: AI data-center fiber demand, carrier capex, and display-glass pricing decide whether GLW earns that $184 handle. A down 0.73% day with no fresh headlines changes nothing; I like the setup only when margins expand and management proves the optical cycle is real, not just AI halo.

IRDM

IRIDIUM COMMUNICATIONS INC COM

$50.48 -$0.61 (-1.19%)

Satellite connectivity remains the story, not private jet fleet reshuffling; this Wheels Up headline only matters for IRDM if it turns into more cockpit, tracking, or safety-service demand across aviation. I’d watch service revenue growth, subscriber adds, and free cash flow conversion, because without that proof the -1.19% dip is noise, not a green light.

LITE

LUMENTUM HLDGS INC COM

$707.10 $8.19 (1.17%)

Optical is the tell: LITE lives on AI datacenter spend, coherent demand, customer concentration, and whether margins expand as capacity tightens. At $707.10 after a modest green day, the setup has not changed; watch orders and capex commentary, and buy weakness only when the optical backlog says the trade is on.

LRCX

LAM RESEARCH CORP COM NEW

$333.15 $7.02 (2.15%)

Semicap first: weak China phones hurt end demand, but memory costs blocking discounts says pricing power is real, and that keeps DRAM/NAND capex relevant for Lam. The trade is on if Samsung, SK Hynix, and Micron keep spending into HBM and high-layer NAND; watch orders, China exposure, and gross-margin discipline before chasing a +2.15% move.

NVDA

NVIDIA CORPORATION COM

$204.12 $7.19 (3.65%)

Semis are back in gear, and NVDA at pre-AI-boom valuation after a $1 trillion slide says the multiple finally reset while the AI buildout still runs through GPUs, HBM, CoWoS, and power. Watch gross margins and supply-chain commitments into the next print; if demand holds and memory costs do not bite, I like this name on weakness, not after a 3.65% chase.

PLTR

PALANTIR TECHNOLOGIES INC CL A

$132.22 -$2.15 (-1.60%)

Sector first: defense-AI software is still leadership, and for PLTR the tell is procurement momentum turning into durable high-margin revenue, not another power-access story. Down 1.6% changes nothing; I’d watch commercial conversion and customer concentration, because the stock already prices in flawless execution.

PWR

QUANTA SVCS INC COM

$666.33 $9.54 (1.45%)

Power infrastructure is still the best house in the electrification neighborhood, and PWR’s move to $666.33 says the market keeps paying for grid capex, data-center power demand, and execution. Watch backlog quality, utility spending, and labor cost control; I like this name on pullbacks, not after a no-news pop.

Q

QNITY ELECTRONICS INC COMMON STOCK

$142.17 $1.63 (1.16%)

No fresh headlines, so the move is just tape, not thesis. Watch margins, AI handset demand, and auto/IoT recovery; I like the setup only if fundamentals show up, not because it popped 1%.