First Fellow

• $UBER and $DASH are declining despite strong demand for their services.  
• $GOOGL's YouTube revenue may exceed Wall Street expectations, contributing to a 27% stock increase in 2026.  
• $DXCM rose after promising at least 10% annual growth through 2030.  
• $CRBS stock fell sharply after a successful IPO amid a broader market sell-off.  
• Taiwan Semiconductor is currently in a strong uptrend.   $TSM

Do you know what Cerebras does?

Standard companies like $NVDA or $AMD take a large wafer of silicon and cut it into hundreds of tiny separate chips. To build a powerful AI server they have to wire all those small chips back together. This creates a bottleneck because data has to slow down every time it travels across a wire from one chip to another.

Cerebras $CBRS does something entirely different. They do not cut the silicon. They build one giant chip the size of a dinner plate. It is the largest single computer chip in the world. Because the data never has to leave the silicon to travel over wires it moves instantly. This architecture removes the physical traffic jams that limit the speed of traditional AI hardware.

The technology is a generational breakthrough but the IPO is a different story. These offerings are typically priced to benefit the founders and early VC's rather than the retail like us. By the time you can buy shares on an exchange the price will likely reflect years of future growth already priced in.

Buying a hyped IPO at a massive premium is often a recipe for a long period of stagnation or loss. It is usually wiser to wait for the initial excitement to fade and for the lockup period to end before you consider a position. Let the technology prove itself in the market before you pay a premium for the potential.

$AMD Category: A+ 

Just when you think semis need a breather, AMD is setting for the next leg up. There is so much momentum and liquidity in some of these names. I can't put full capital, but ok to nibble here and there for a swing. 

Next PT: 470 

• Oil prices are rising while futures are falling.  $XLE $XOM $CVX 
• Eli Lilly's obesity drug faces competition from black-market versions.  $LLY 
• $AAPL is surging ahead of the WWDC event.  
• $CSCO is near highs after transitioning to AI infrastructure.  
• Memory-chip stocks are rallying due to increased AI data center spending.  $MU $SNDK $STX $WDC 
• Upcoming week includes Cisco earnings and potential Dow Jones stock breakouts.

$MAGS Category: A

This is the ETF that purely focuses on your most popular Magnificent names like $GOOGL, $AAPL, $NVDA, $AMZN, $META, etc. Except $MSFT & $TSLA, remaining are showing immense strength. I think we will see a more upside in the names soon. 

PT: 75 

$DRAM beat all the $IBIT's "First ever" records for an ETF. As long as the supply constraints are there, this is good. Once it starts catching up, this can reverse with the same speed. 

$MU $SNDK $WDC $STX 

$NAMO & $NYMO -30 are slowly heading into oversold conditions. A couple of red sessions will make it completely go into oversold while $SPY is still fooling around ATH's. In other words, extremely bullish signals. $RSP tells me breadth(Non-AI)is yet to catch up.

I didn't know there is an ETF called $EUV for Photonics. They thought they can pull a $DRAM after building one at historically high valuations! A bit late in the game? 

Some of the holdings: $COHR $GLW $LITE $CIEN $TSM $LRCX 

$POWL dropped a sizeable % today. For anyone in this trade, the pink line at 262 has to hold. If it closes below 260-259, there is a high probability this is heading to 50ma at 235. 

$NAMO at 14, $NYMO at 2. 

It's uncanny how these breadth indicators are far from Overbought conditions. In other words, there is a lot of juice or 'dry powder' left. For new traders, don't chase gap-ups like $AMD, $INTC, $MU, $SNDK, $WDC, etc. There are still good opportunities, identify them, add to your Watchlist and wait for an entry. That's how you make money. Don't chase!

$AAOI with a much needed breather candle. An entry around 125-120 offers a good R/R. On the other hand lets say it decides to go to YTD Avwap around 100, I am adding full intended position. That's like adding $WDC around 200 or $MU around 350, technical levels not fundamentals. 

$CVX underway! $XOM underway! $OXY underway!

$XLE names are sending the traders a message. Pay attention! 

• $CSCO experienced significant gains.  
• $NVDA rose on news of Chinese firms seeking AI chips.
• GE Vernova reached a new buy point after strong earnings.  
• The Senate Banking Committee approved the Clarity Act, boosting crypto stocks.  $COIN $CRCL 
• AT&T, Verizon, and T-Mobile formed a joint venture for satellite technology.  $T $VZ $TMUS 
• Cerebras had a successful IPO, debuting on Nasdaq. $CRBS 
• Intuitive Machines saw a sales boom despite missing Q1 expectations. $LUNR

Today is one of those days when picks fell and shovels also fell but the actual rocky ground made of $NVDA $AMD $AVGO held relatively ok.  

Decent pull back in some fancy names like $POWL $BE $STRL $FIX $CLS $DELL $NBIS $AAOI $GLW