$SK hynix(SKHY)$ Morgan Stanley upgraded SK Hynix with a price target of $204, implying 36% upside. I think I'll keep adding to my positions in SK Square, SK Hynix, and Samsung Electronics. The sea of red is usually the time to buy, as Buffett and Munger put it.
$SpaceX(SPCX)$ I'm not selling, and I think those who are long should wait. I don't believe SpaceX shareholders will sell below $135. Shorts might want to consider covering, or they could get squeezed, in my opinion.
$Adobe(ADBE)$ $ServiceNow(NOW)$ $Intuit(INTU)$ $Trade Desk Inc.(TTD)$ Shorts in the long semis / short SaaS trade have had some impact, but the SaaS drawdown also feels organic to me. Snowflake has mostly recovered its drawdown since March, yet residual short interest hasn't really come down much. The market seems to recognize that enterprise companies acting as system of record will keep playing a role. NOW is positioning itself as a middleman in AI diffusion through the enterprise by calling out AI revenue. Once Adobe and a few other enterprise software companies establish their middleman positions, I
South Korea's KOSPI seems to be taking the $Alphabet(GOOGL)$ CapEx news in stride. The logic here is pretty straightforward: more AI spending means more demand for memory, chips, servers, and data centers. That's a positive setup for $SK hynix(SKHY)$ , Samsung, and the broader semiconductor supply chain. One big overhang has been excessive retail leverage and crowded positioning. From where I stand, it looks like a lot of that weak-handed selling has finally been flushed out. If the AI infrastructure cycle keeps expanding, memory and semiconductor names could come back into focus as capital rotates into the next phase of the buildout.
$ServiceNow(NOW)$ $IBM(IBM)$ $GraniteShares 2x Long NOW Daily ETF(NOWL)$ $Tradr 2x Long Ibm Daily Etf(IBX)$ The full Q2 earnings release and conference call for IBM are still set for Wednesday, July 22, after the market closes. Management should provide the complete financials, updated guidance, and take analyst questions. The guidance could be interesting. ServiceNow is also scheduled to report earnings at the same time. IBM and ServiceNow significantly expanded their partnership in June 2026 with a new multi-year strategic collaboration focused on enterprise AI. It was a major partnership announcement,