Weekly TMT Breakout: $AAPL + $NVDA px action remind us of late-july, $INTC bull case, $GOOGL golidlocks, $ADBE $ORCL set up not the best, software gains steam, have vs have-nots

Happy Sunday! We just finished our first week here at TMT Breakout and I am very happily surprised with the reception so far. Thanks for being here! Let’s get to it:

What happened this week in TMT:

Fun week in TMT land post labor day.  While GS and Citi were kind of duds in our opinion ($INTC one of the few interesting bright spots – more on that below), it was an interesting week as the  main story in TMT was China announcing $AAPL iPhones ban at Chinese gov’t agencies and SOEs (coupled with news of new Huawei phone getting a good reception and weaker channel checks out of Asia on iPhone 15 builds).  This brought down the whole $AAPL supply chain complex, China names, and semis later in the week and gave a bid to internet and software names given their lack of China exposure.  $SNOW called out better than expected consumption trends since their Q2 call.  $NVDA continues to act weak post-earnings.  $PATH ripped on a strong report and good AI commentary, $ROKU gave back most of its gains…