Wednesday, July 1, 2026
Last updated 3:08 PM PT
Market Value
$227,370.43
Cost $239,993.08
Day's Gain
-$21,267.09
-8.55%
Total Gain
-$12,622.65
-5.26%
Memory is the AI bottleneck, and MU is still the cheap cyclical with real HBM demand and pricing power. Down 10% is ugly, but I’d buy weakness in pieces and own it, don’t trade it.
Storage is AI infrastructure, and Mark Newman’s Bernstein raise says the Street is paying up for NAND pricing power, data-center demand, and AI capacity scarcity. Stay long, buy weakness in pieces, but do not chase green days because today’s hit is valuation air coming out, not the thesis breaking.
Semicap equipment is getting hit hard, but with no fresh headlines this is a multiple reset, not a busted AMAT story; the core debate is WFE spend, China restrictions, and AI-driven advanced packaging demand. At +2% on the position after a 10% air pocket, I’d stay long but not add yet; own the quality, don’t trade the panic.
AMD is not where the AI tape wants to hide today; Cramer’s headline says the trade has shifted to the suppliers, so the pressure makes sense. I would not add into this slide unless the margin story, MI300 demand, HBM access, and customer breadth reassert themselves fast; for now, hold the core and make AMD prove it.
Power is the AI bottleneck, and Bloom has the right story if this deal expansion turns into backlog, margins, and repeat customers. I like the theme, but with the position still down 12.8%, buy weakness in pieces and demand proof that orders convert to cash.
Power and grid electrification are still the story, and a 3.45% drop with no fresh headline is a valuation air pocket, not a thesis break. Stay long, buy weakness in pieces, and let turbine service, grid gear, and power demand carry the name.
Semis are the tape, but INTC is still a rebuilding story, not an AI winner, and that matters when memory names are taking the oxygen. At down 9% today and only modestly red on the position, I’d keep it in Other holdings, trim rallies, and demand proof on foundry margins, capex discipline, and real AI customer wins before adding.
AI semis are splitting: memory is getting paid now, while MRVL’s custom silicon and optical story has to prove margins and hyperscaler demand before the tape rewards it. Down 8.67% today and 11.89% on the position, I’d trim risk into strength and only buy weakness in pieces if data-center orders stay clean.
Space is a government-contract growth tape, and the NASA revenue question is the risk to watch while Starlink and launch cadence remain the prize. Ives is in the headline with an Outperform and $190 target, so I’d buy weakness in pieces and own it, don’t trade it.
Semis are in a sector-wide air pocket, but TSM is still the foundry toll road for AI capex, and the fight is CoWoS capacity, grid power, and gross margin discipline. I’d stay long if sizing is sane and buy weakness in pieces; for an Other holdings slot, trim only if it’s oversized, otherwise own it, don’t trade it.
Memory and storage are in the AI capex lane, but WDC is a cyclical supplier, not a clean AI king, and a 6% down day on a down-24% position says this is not core. I’d keep it in the other-holdings bucket, demand margin proof and NAND pricing strength, and use rallies to cut size.
ADVANCED MICRO DEVICES INC COM
$540.88 -$40.03 (-6.89%)
Semis first: this headline is AI software margin expansion, not an AMD catalyst, so the read-through is only that AI capex stays the oxygen for GPUs, HBM, CoWoS, optical, and grid power. Do not chase the red tape; I’d watch hyperscaler orders and gross margin, then buy weakness in pieces only if the MI ramp proves real.
BROADCOM INC COM
$369.34 -$8.41 (-2.23%)
Semis are taking a July pullback, but AVGO is still a picks-and-shovels AI winner because optics, custom silicon, and VMware software margins keep the story bigger than a one-day slide. Watch AI networking demand and CoWoS/HBM supply; I like this name on weakness, but the trade is patience, not chasing.
BLOOM ENERGY CORP COM CL A
$289.50 -$13.20 (-4.36%)
Power infrastructure is the sector story, and Bloom’s Brookfield jump to $25 billion is a real financing edge for customers that need capacity now. The red day does not change the setup; watch backlog conversion, project margins, and real deployments, because that is where the trade is on.
CEREBRAS SYSTEMS INC COM CL A
$221.27 $0.27 (0.12%)
No fresh headlines and a flat move tell me CBRS is in prove-it mode, not chase-it mode. Watch the next real catalyst: margins, capex discipline, and customer concentration, because without fundamentals improving the setup does not change at $221.
CORNING INC COM
$220.63 -$34.80 (-13.62%)
AI buildout still needs glass, fiber, optical connectivity, and Corning sits in that plumbing, but a 13% flush says the market is questioning demand timing or margins. Watch hyperscaler capex, fiber pricing, and trade-fight cost pressure; I like the setup only if orders confirm the AI story.
ALPHABET INC CAP STK CL A
$361.21 $3.84 (1.07%)
Mega-cap AI and advertising is the sector leadership here, and Alphabet’s Dow debut is index validation, not the whole thesis. Watch cloud margins, AI capex discipline, and search monetization; at $361.21 after a modest green day, I like this name on weakness.
IRIDIUM COMMUNICATIONS INC COM
$55.72 $0.87 (1.59%)
IRDM is a space-connectivity scarcity asset, and a Rocket Lab bid would put its L-band network, government relationships, and IoT franchise in play against SpaceX and Amazon. A 1.6% move does not price a real takeout yet; watch deal price, leverage, regulatory timing, and whether capex keeps feeding the network.
LUMENTUM HLDGS INC COM
$801.16 -$56.90 (-6.63%)
No fresh headlines means the -6.63% hit is sector de-risking, not a broken story, so watch AI optical orders, customer concentration, and gross margin leverage. I like the theme, but for a watchlist name I do not chase a red day without proof; buy weakness in pieces only after the fundamentals confirm.
LAM RESEARCH CORP COM NEW
$391.26 -$42.07 (-9.71%)
Semicap is getting de-risked hard, and with no fresh LRCX headline this looks like sector multiple compression, not a company-specific break. Watch memory/HBM capex, China tool demand, and gross margin guide; the setup gets more interesting on this flush.
NVIDIA CORPORATION COM
$197.58 -$2.51 (-1.25%)
Semis are telling you the easy money phase is over: NVDA is down today even with AI capex still roaring, and the market is focused on margin pressure, HBM supply, CoWoS capacity, and hyperscaler concentration. Watch the next print for data-center growth versus gross margin compression; I like the name on real weakness, but the trade is no longer automatic.
PALANTIR TECHNOLOGIES INC CL A
$125.73 $9.06 (7.77%)
AI software is the sector, and PLTR’s 7.77% pop says the market wants high-margin defense and commercial AI stories again. Watch commercial revenue acceleration and margin leverage next; I like this name on pullbacks, not after a hot analyst-driven spike.
QUANTA SVCS INC COM
$691.40 -$28.53 (-3.96%)
PWR is a grid power and utility capex story, and a 4% hit with no fresh headline looks like valuation pressure, not a broken thesis. Watch backlog quality, margin discipline, data-center power demand, and materials/labor costs; I like this name on weakness if those fundamentals stay firm.
QNITY ELECTRONICS INC COMMON STOCK
$153.37 -$9.94 (-6.09%)
With no fresh headlines, this is a tape problem, not a thesis reset; watch the next company update for margins, demand, and outlook discipline. I do not chase Q here, but I like it better on weakness than on hype if the sector firms.
REDDIT INC CL A
$197.76 $24.18 (13.93%)
Digital ads are the sector call here: Reddit is trying to turn messy communities into premium intent inventory, and that only works if brands spend without wrecking the user experience. After a 14% pop, watch monetization per user and ad load discipline; I like the story, but the trade needs revenue growth and margin follow-through, not just booyah copy.
SILICON MOTION TECHNOLOGY CORP SPONSORED ADR
$316.98 -$16.35 (-4.91%)
Semis are punishing anything without a clean AI capex tie-in, and the Stathera funding headline is sector noise, not a SIMO catalyst. For SIMO, watch NAND controller demand, SSD margins, and customer concentration; this down move only gets interesting if fundamentals hold.
TAIWAN SEMICONDUCTOR MANUFACT SPONSORED ADS
$444.23 -$33.34 (-6.98%)
Semis are getting de-risked because the AI trade got crowded, and TSM is the toll road getting sold with the traffic, not a busted franchise. Watch CoWoS capacity, HBM-linked demand, Apple/Nvidia customer concentration, and gross margin discipline; if those hold, this is a watchlist pullback to respect, not chase blind.