TMTB: Weekly (Early Release)

Happy Sunday. Oops, I mean Thursday night. I’m traveling most of the weekend so writing some thoughts out early this week as I watch BTC creep up on $100k. With a ho-hum NVDA print behind us, the focus shifts towards off-cycle software earnings, along with MU AVGO and MRVL in early December. If SNOW and ESTC were anything to go by, should be some fireworks. Quite a bit of names reporting for a shortened holiday week:

We’ll have some bogeys and quick previews on Sunday or Monday.

The main story in Tech right now is the change in leadership occurring under the surface of the QQQs, which are roughly flat since early July when semis peaked. Software has outperformed semis by a whopping 35% since that time!