$Vanguard Total International Stock ETF(VXUS)$  Up & up 

Micron's $1T "reclaim" is really a rematch of the same argument the market had in May — and the CXMT wildcard cuts both ways Worth remembering the context: Micron first crossed $1T back in May off UBS's 204% price-target hike to $1,625, built on a structural thesis — long-term agreements are turning DRAM from a spot-priced commodity into something closer to contracted, growth-multiple earnings. Tuesday's move (+4.92% MU, +9.01% SK Hynix, +5.76% SanDisk, SOXL +6.89%) is that same thesis getting a fresh catalyst: management extending the tightness call past 2027, UBS following with a through-cycle profitability reset. Here's the part that actually resolves your "who sets the price" question: SemiAnalysis's own supply-side model — the one most often cited to justify CXMT as the bear case — st

JPMorgan's memory call isn't a rotation story — it's a "the correction was wrong" story The framing matters here. This wasn't JPMorgan discovering memory as some new Nvidia-adjacent trade — it's JPMorgan's Jay Kwon calling the recent 25% memory correction a mistake, made on Monday, two trading days before Tuesday's bounce. His thesis has two legs: supply-demand shortage persists for two more years, and — the more interesting part — memory demand is broadening from GPU to CPU in a way he thinks the market has underpriced. That's a different claim than "AI cycle strength is spilling over." It's "the market already knew this conceptually but hasn't modeled the actual volume impact." That's why Tuesday's move (SK Hynix +4.7%, SanDisk +2.68%, Micron +0.87%, SOXL +2.31%) reads as a reset of Q3 e

14 August — three separate stories converging into one theme: disinflation, AI infrastructure spend, and a memory sector re-rating are all running at once The macro backdrop is calm: Wednesday's CPI print landed exactly on consensus, and Asian markets have now ridden that into a fourth straight week of gains, with the Kospi (a proxy for the AI supply chain) up more than 14% on the week as Samsung and SK Hynix ran hard. That's the read-through worth watching at the open — Asia often leads where US chip and memory names go next. On the memory side, SanDisk's 15%+ Investor Day pop this week pulled the whole complex along — Micron, Western Digital, SK Hynix all caught a bid. If that momentum holds into today's session, MU and WDC are the names to watch for follow-through, not just SNDK. The ot

--- SanDisk's 13.67% pop wasn't a beat-and-raise — it was a re-rating on three years of guidance that shouldn't even be possible in memory That's the part worth sitting with. NAND has always been a boom-bust commodity business — pricing power evaporates the moment supply catches up. Nobody guides three years out in this industry because nobody's ever been able to. SanDisk just did anyway: mid-to-high-teens revenue growth through FY2028–30, ~80% adjusted gross margins, ~75% operating margins, ~50% free cash flow margins, and a commitment to return all excess cash to shareholders. Management's argument for why this time is different: demand is outrunning supply into 2028, with the NAND market seen crossing $300B this year and $500B by 2027 on AI-driven storage demand — plus a technology stor

Three earnings prints, one thesis: AI compute is getting monetized three different ways — and the market's rewarding all of them Nebius jumped 34% on $582M in revenue, up 454% y/y, with adjusted net loss narrowing 64% to $33.2M — a company scaling GPU-cloud revenue while visibly closing the gap to profitability. That's the "growth efficiency" trade. CoreWeave rose 19% despite missing revenue consensus ($2.58B vs. ~$2.61B expected) — because the backlog is the real story. $104B contracted as of June 30, and that's *before* another $25B+ signed in the first weeks of Q3, pushing total forward commitments to roughly $129B. The adjusted EPS loss of $1.03 also beat the Street's -$1.24 estimate. Investors aren't pricing this quarter — they're pricing 2028. Riot's +4.33% came off a structurally di

Q2 13F season: Berkshire just ended a 14-quarter selling streak — is "smart money" turning bullish again? Berkshire disclosed roughly $19.8bn in net equity purchases for Q2 — its first net-buying quarter since Q4 2022. The headline piece: a $10bn direct private placement into Alphabet, which now sits among Berkshire's top five holdings alongside Apple, American Express, Bank of America, and Coca-Cola. Apple still anchors the book at ~$58bn, roughly 22% of the portfolio. Cash didn't get torched to do it — reserves dipped from ~$397bn to ~$365bn, still a war chest by any normal standard. Layer in the $6.8bn all-cash acquisition of homebuilder Taylor Morrison and $4.5bn in buybacks (Berkshire's biggest in five years), and this reads less like caution easing and more like Greg Abel — now a ful

July CPI: no surprises, but the market still found something to chew on Headline landed at 0.1% m/m, 3.4% y/y. Core came in at 0.2% m/m, 2.5% y/y — the slowest annual core print since February. Shelter and food each added 0.1%; energy was the drag, down on the month even as gasoline is still running +24.6% y/y. The "in-line" read is actually the story: it's the second straight month of cooling core inflation, which is why traders leaned harder into a September hold rather than a hike. Future now price meaningfully lower hike odds than a week ago — the fourth straight downward revision. Equities shrugged it off calmly (S&P +0.26%, Nasdaq +0.54%), but gold's +2% move to $4,471 says someone's still hedging. That's the tension: a "boring" CPI print that both confirms disinflation *and

July CPI: no surprises, but the market still found something to chew on Headline landed at 0.1% m/m, 3.4% y/y. Core came in at 0.2% m/m, 2.5% y/y — the slowest annual core print since February. Shelter and food each added 0.1%; energy was the drag, down on the month even as gasoline is still running +24.6% y/y. The "in-line" read is actually the story: it's the second straight month of cooling core inflation, which is why traders leaned harder into a September hold rather than a hike. Future now price meaningfully lower hike odds than a week ago — the fourth straight downward revision. Equities shrugged it off calmly (S&P +0.26%, Nasdaq +0.54%), but gold's +2% move to $4,471 says someone's still hedging. That's the tension: a "boring" CPI print that both confirms disinflation *and

$Vanguard Total Stock Market ETF(VTI)$  

$UnitedHealth(UNH)$  

$UnitedHealth(UNH)$  

Alphabet’s Path to $400 in 2026 Alphabet’s trajectory toward $400 in 2026 is increasingly plausible given its strong fundamentals and AI-driven momentum. The company closed 2025 trading near $319, with analysts projecting upside targets ranging from $345 to $400 alphapilo... +2. The stock delivered a 65% return in 2025 and has already joined the $4 trillion market cap club alongside Apple, Microsoft, and Nvidia Blockonomi. Partnerships, such as its Gemini AI collaboration with Apple, further reinforce investor confidence in Alphabet’s ability to monetize AI across search, cloud, and advertising. Risks remain: regulatory scrutiny, macroeconomic headwinds, and valuation pressures could slow momentum. Yet, with earnings growth, AI leadership, and expanding cloud revenues, Alphabet has a credi

$Advanced Micro Devices(AMD)$   AMD’s AI Momentum Could Fuel Further Gains—Earnings Are Key AMD has already rallied nearly _90% year-to-date_, driven by blockbuster AI deals with OpenAI and Oracle⁽¹⁾. With Q3 earnings expected to show 27% YoY growth in both revenue and EPS —$8.72B and $1.17 per share respectively⁽²⁾⁽³⁾—Wall Street is watching closely. The company’s Instinct MI350 accelerators and EPYC server chips are gaining traction in data centers, while seasonal strength in November historically boosts AMD shares by an average _16.8%_ ⁽⁴⁾. If results beat expectations and guidance remains strong, the rally could continue. However, AMD’s valuation is rich, and competition from NVIDIA looms large. Investors should look for signs of sus

$Palantir Technologies Inc.(PLTR)$   Palantir’s AI Momentum Signals Long-Term Upside Palantir Technologies (PLTR) is proving its staying power in the AI revolution. In Q3 2025, the company posted $1.18B in revenue, a 63% year-over-year increase and EPS of $0.21, beating Wall Street expectations⁽¹⁾⁽²⁾. Its U.S. commercial revenue surged 121%, driven by rapid adoption of its Artificial Intelligence Platform (AIP)⁽²⁾⁽³⁾. Strategic partnerships with Lumen Technologies and Lowe’s further validate Palantir’s enterprise AI capabilities⁽⁴⁾⁽⁵⁾. These deals expand its footprint across telecom and retail, showcasing its versatility beyond government contracts. Management raised full-year guidance, now projecting 53% revenue growth, up from 45%⁽³⁾.

USD 121

$121