mifsee

JMIA jumps on RBC upgrade, KTOS bought on drone export deregulation, fuel cell BE rises on Molstad target hike; AI and power/crypto theme cycles also continue, with JMIA up on RBC's upgrade, KTOS up on RBC's upgrade, and BE up on Molstad target hike. The ground reacting to clear upgrades and policy headlines.

All nuclear and uranium-related companies were higher, from mining at UUU and UEC to enrichment at LEU, fuel at LTBR, and SMR at OKLO. Triggered by the U.S. policy view, the nuclear theme was bought en masse, with CRWV favoring a $6.3 billion contract with NVIDIA and ASML following suit with a rating upgrade. The combination of macro risk-on and policy material clearly propelled the market.

ONQ's approval of the Oxford Ionics acquisition spills over into RGTI, ARQQ, and other quantum-related companies. BTC holds at $115,000, BMNR and BITF soar, QS continues to evaluate actual equipment demos, and RKLB is in the spotlight with the success of its 70th Electron machine. Funds spread across themes ahead of the weekend.

Clear material stocks tied to regulations, institutions, and policies are strong, such as TEM's FDA approval, RCAT's NATO accreditation, and IONQ's establishment of a new division. Small- and mid-cap growth is attracting funds against the backdrop of the highest US stock prices and the prospect of interest rate cuts.

Oracle's huge contract backlog and reports of orders for OpenAI reignited the AI cloud market. Sector rotation is clear, spilling over into semiconductors, data centers, power, and construction, supporting continued AI capex spending.

AI/HPC-related companies were higher across the board after Nebius announced a $17.4 billion deal with Microsoft. Associated buying in core weave. Copper was a sector favorite with Teck and Anglo's integration agreement, and UUU and LEU made progress in nuclear fuels.

QS's live demonstration of all solid-state cells raised commercialization expectations, PL showed monetization progress in its earnings beat, and APP&HOOD's adoption of H&P also drove the future theme to the market as index supply/demand and AI infrastructure-related gains coincided.

Amid a weak jobs market, Broadcom's (AVGO) strong earnings and order outlook reaffirmed the certainty of demand for AI semiconductors. Continued infrastructure investment scenario broadens, driving the sector as a whole.

CRDO's earnings beat and full-year raise triggered a wave of buying into FN and ALAB, as demand for AI data center expansion was reevaluated and funds flowed into infrastructure-related sectors.

Gold mining stocks accelerated led by SBSW, biotechs rebuilt valuation with MNKD acquisition and financing, SMR's large agreement reignited nuclear power, and in consumption, ULTA and KSS recovered from earnings. Theme selection is clear.