mifsee

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.

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.

AMBA, AFRM, and S earnings beats highlighted even in a mood of adjustment after NVDA earnings passed; SATS continued its restructuring theme; GFI and PLG were bought on record highs in the gold market. News certainty and asset prices bifurcated the market.

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.