Terrific numbers out of GOOGL, AMZN and notably VIAV this evening. In the morning we had great results out of APH — and all appears to be going swimmingly, except for the fact that oil is $105 with no signs of abating. We have a fork in the road here — with real economic headwinds...Read More

Right on time, the WSJ issued perhaps their 1,000th article bashing OpenAI today, claiming the company missed internal targets and are secretly concerned about their Capex. This news has taken the air out of many a tech stock, with most chips down between 3-6% for the session. The company immediately refuted the article, saying they’re...Read More

We shed 73bps for the session due to weakness in many of the recent hot stocks. Money decidedly moved into tera cap tech like GOOGL and NVDA and out of some of the secondary names. We did use the weakness in ARM to add to our position by 0.2% in the $210s. After the close,...Read More

I often discuss all of the virtues of the market, so let’s discuss potential headwinds by sector. Note these headwinds persist and is the reason why so many investors have been corralled into industrials, basic materials and non software tech. Basic Materials: War risk, oil prices elevatedThe best case scenario for oils is for oil...Read More

I’m on a Jetblue back to RDU now and unlike Delta — the wifi actually works here. I wanted to share some notes with you on what is happening with AMD and CPUs in general.DA Davidson upgrades AMD pt to $375“We are upgrading shares of AMD based on a structural increase in CPU demand on...Read More