172,000 jobs added in May. Unemployment steady at 4.3%. A strong number by any measure. And yet markets opened mixed — Nasdaq slightly lower, Dow holding steady.
Take a breath. This is actually fine.
What we're seeing is a classic "good news is bad news" moment — strong jobs pushed the 10-year yield higher, which put pressure on high-multiple tech names. This isn't panic. It's just the market doing its usual recalibration after a big data print.
The bigger picture hasn't chan...

What happened this week in one paragraph:
AI hardware names pulled back after AVGO's earnings — strong results, but not strong enough for a market priced for perfection. Smart money started rotating out of extended semis into communication services, healthcare, and defensive names. Two weeks ago everyone was chasing chips. This week, they're trimming them. That's how sector rotation works.
Where the money is moving:
🔴 Out of — Semis, high-beta AI names, anything that ran 40%+ Y...

🔵 $AVGO — the dip nobody expected
Down 14% on a 48% revenue growth quarter. The business hasn't changed. Custom XPU chips for Google, Meta, Anthropic still growing. Q3 AI revenue guide of $16B is up from $10.8B this quarter. If you've been waiting for a better entry on Broadcom — this is the closest thing to one in months. Not saying catch it on day one, but worth having on the radar as it finds a floor.
🔵 $CRWV (CoreWeave) — quietly one of the best setups this week
AI cl...

This is one of those mornings that tells you a lot about where we are in the cycle.
Broadcom reported fiscal Q2 with 48% revenue growth year-over-year. Shares fell nearly 14% after hours.
Let that sink in. Nearly 50% revenue growth. Stock down 14%.
Here's what actually happened — AI chip revenue hit $10.8B, up 143% YoY. But software revenue narrowly missed consensus. And Q3 AI guidance, while strong in absolute terms, landed below what the most aggressive b...

Nasdaq is falling today after major indexes hit record highs — and honestly, after nine consecutive weeks of gains, a breather isn't surprising.
What's worth thinking about though is the bigger picture underneath the surface.
The Buffett Indicator just hit its highest reading in history. It's now well above the +2 standard deviation threshold — a level only seen three times in the past 60 years: the late 1960s, dot-com 2000, and pre-crash 2021. Every time, a correction followe...

$HPE just dropped a monster quarter.
Hewlett Packard Enterprise surged 38%+ in after-hours trading following its Q2 earnings beat on both revenue and profit. This comes right after $DELL's blowout last week. AI server demand is clearly not slowing — hyperscalers are still buying infrastructure at full speed. Wall Street is forecasting 20% year-over-year earnings growth for Q2 and the second half of 2026. Hard to argue with that backdrop. NISTThe Quantum Insider
Anthropic just...

At Computex 2026 in Taipei this morning, Jensen Huang made a surprise appearance on stage with Marvell CEO Matt Murphy. The keynote was titled "The Future of AI Depends on Connectivity."
Then Jensen said it live, on stage, in front of thousands:
"This is the next trillion-dollar company, ladies and gentlemen."
That's all the market needed. $MRVL rocketed 17% in overnight trading and is holding double-digit gains into today's session. U.S. News & World Report
But this isn't just h...

Jensen Huang just keynoted at Computex 2026 in Taipei and unveiled the RTX Spark Superchip — Nvidia's first-ever full system-on-chip for laptops and PCs. Blackwell GPU + Arm CPU + 128GB unified memory. Runs 120B parameter AI models fully on-device. No cloud needed.
Jensen's words: "The PC is being reinvented. For 40 years, you launched apps. With RTX Spark, you ask — and the PC does the work."
Partners already on board for fall launch: $DELL, $HPQ, Lenovo, Asus, Micr...

🟢 Nasdaq +24.7% since April 1 — back at all-time highs
🟢 S&P 500 hit 7,580 Friday, up 15.9% from April lows
🟢 Dow crossed 51,000 for the first time
🟢 Manufacturing PMI — highest reading in 4 years
🟢 Business investment up 10%+ in Q1 — capex boom is real
What drove it:
AI infrastructure spend is the engine. Hyperscalers are collectively deploying $725B in capex this year. Every pick-and-shovel in the AI chain — chips, memory, networking, optical — is running hot. The hardware l...

Took a couple days off and came back to one of the best weeks of 2026. Let me break it down quick.
What I missed (and you should know):
🟢 $MU (Micron) — biggest story of the week. Stock surged ~19% on Tuesday, crossed $1 trillion market cap for the first time. UBS tripled its price target citing AI memory demand and sold-out HBM capacity. Up 214% YTD. Wild.
🟢 $MRVL (Marvell) — beat Q1 earnings Wednesday, revenue +28% YoY, raised f...