If you’ve been investing for any length of time, you’ve probably caught yourself asking the same question over the past few weeks: “Is this starting to look like another dot-com bubble?” It’s a fair question, especially if you’ve been tuning in to Wall Street’s media machine. The late-1990s technology boom remains the benchmark investors use […]

There has never been a trillion-dollar bank. Apple got there, and so did Nvidia, Amazon, Tesla, Meta and Broadcom. Every one of them a tech company. In the whole history of American finance, no lender has ever been worth that much. JPMorgan Chase (JPM) is about 8% away, and it just did something on the […]

Airbnb spent fifteen years trying to put hotels out of business. Now it’s selling hotel rooms. That’s not a headline anybody ran with, but it’s the most important thing happening at this company. Airbnb (ABNB) has been quietly rebuilding a dedicated hotel operation, hiring hotel executives to run it, and piloting with boutique and independent […]

Quick question. Have you noticed how confusing the market’s been lately? Some days the SPY looks great and the Qs get hammered. Other days it’s the opposite. A handful of memory names tank and drag the whole tech sector down with them, even though everything else is holding up fine. Most traders see this and […]

Three weeks ago, everyone decided the energy trade was over. The US-Iran ceasefire got signed. Brent crude dropped 15% in days. XLE fell from the $63 range to the low $50s. Traders who’d ridden the Hormuz premium all year got flushed out at the worst possible time, selling energy right at the bottom because a […]

One of the more interesting AI stories right now is a coffee company. Starbucks is going all in on AI, and not the way you would expect. They are not buying chips or building data centers. They are writing their own software to replace the expensive programs they rent from Microsoft and IBM. The company […]

A lot of the hot chip names got crushed lately. Micron, Intel, AMD, names that led the whole first half, rolling over hard as the crowd runs for the exits. But one chipmaker has quietly held its ground and kept climbing, and most people are not even looking at it. Texas Instruments. Ticker TXN. Yes, […]

The market woke up on edge this morning. Futures dropped sharply after headlines from the NATO summit reignited the Iran conflict, and oil jumped more than 5%. The Dow was pointing down over 500 points before the bell. And it is not just today. The QQQ, the fund that tracks the big Nasdaq names, has […]

The Mag 7 went quiet, so I stopped waiting on it. Somebody called it the lag seven the other day, and I think that is very appropriate. There are pockets of strength in there, but as a group, those names are just boring right now. So I went looking somewhere else. Here is what has […]

Here’s a question for you… What do you do when a company beats earnings eight quarters in a row… and the stock drops 24% anyway? Most people freeze. They stare at the fundamentals, scratch their heads, and wonder how a business growing revenue 16–18% year over year can possibly be down that much. They trust […]

Less than 3 months ago, Snowflake was left for dead. The stock was one of the biggest names in software, and then software fell apart. Traders called it the SaaSpocalypse, the stretch where cloud-software stocks got torched on fears that AI would make them obsolete. Snowflake got hit as hard as any of them. At […]

Jensen Huang stood on a stage and pointed at Marvell. The most important man in artificial intelligence, the CEO of Nvidia, called it the next trillion-dollar company in front of a live crowd. The stock ripped 32% that day, its biggest single-day move ever. When the person building the engine of the AI economy tells […]