mifsee

NVDA決算通過後の調整ムードでも、AMBA・AFRM・Sの決算ビートが強調。SATSは再編テーマ継続、金相場の史上高値でGFIやPLGが買われた。ニュース確度と資産価格が相場を二分。

Favorable news in multiple layers of AI infrastructure, including SNOW for cloud DWH, PSTG for storage, and CRDO for telecom, re-accelerated the market's AI cycle; small thematic stocks such as ONDS and MOB for defense drones and QUBT and RGTI for quantum computing also attracted buying interest. Both earnings support x theme associations.

AI-related software surged on the back of Mongo DB's strong earnings; NCNO followed suit with an upward revision to guidance; SERV's new rating spurred buying; a day of earnings results confirming the sustainability of the AI cycle; and a day of new ratings for SERV.

Satellite communications stocks surged on EchoStar's large spectrum sale, while in the resources sector, UUUU, LEU, and CRML emphasized the theme of domestic production with supply contracts and MOUs. SMTC also joined the pack on the earnings beat, and "solid materials" drove buying.

While U.S. stocks as a whole were in a wait-and-see mood, buyers focused on defense drone-related stocks such as ONDS and MOB, and "solid news" such as CPSH's return to profitability. The market was led by small shareholders.

Chairman Powell's hint of a rate cut boosted the overall market, with funds concentrated in interest rate sensitive solar, such as ENPH, and uranium and rare earths, mainly UEC and UUUU. The combination of supply-side news also brought a clear focus on themes.

A day of macro wait-and-see but solid policy and contract news, such as U.S. Treasury tax credit guidance and defense orders, boosted stock prices. Funds were concentrated in clean energy and defense tech.

UNH's surge led the Dow and spilled over into insurance stocks. FSLR bought on Sunrun earnings, NU/ZETA continued to buy beats and raises, and LYFT restored supply/demand on improved governance, including a single voting unit.

PPI rises and interest rates rise, but indexes are still small. DLO surged +31% on strong earnings, while small and mid-cap growth backed by real demand such as CRML and ONDS were widely speculated. The day was marked by a broad range of themes from fintech to advanced manufacturing to strategic minerals, with a sense of short-term overheating and expectations of medium-term trends coexisting.

Industrial AI and automation-related (CRNC, OUST), backed by earnings, took center stage due to a combination of lower interest rates and a weaker dollar. Space (MNTS) and materials/biotech (DNA, AREC) are also attracting short-term funds, and the cyclical tone across themes is strengthening.