TMTB Weekly: NVDA, AMD, Analogs, Memory & MSFT AMZN GOOGL Previews
What a week as the HOT AI springSUMMER continues. The right edge case has been playing out and it’s been a spectacular ramp after the Iran War clouds tried to ruin everyone’s summer fun. Semis are +40% and up 18 days in a record month. The whackbuy-a-laggard trade has been widening out with even QCOM and NVDA getting some love on Friday. Analogs are ramping as the DC/AI Power theme has taken hold. INTC/AMD/ARM are up 75%+ this month since the CPU trade got activated. Memory and HDDs are still acting well hitting ATHs. No semi is being left behind. Just the way we like it.
A few off the cuff thoughts before we dive into the hyperscaler previews:
The past couple of weeks have really cemented how the investing environment/research discovery process has changed this year. This is what the late 90s must have felt like. Everyone has their eye on semis. Software and Internet have just become derivatives of the latest AI product announcement. Substacks and finance influencers on X have r…