The main theme last week was the follow-through in AI-related stocks. SMH gained more than 4%. Fiber optics and photonics stocks stole the show as the market is pricing in again the increasing importance of networking equipment for AI agents.
CBRZ +48%, 2x short CBRS. Semis might be leading the market right now, but not all semis are going up. The overhyped AI semiconductor IPO, CBRS, tested its new all-time lows last week.
LITX +31%, 2x long LITE. Photonics stocks outperformed by a mile last week, led by LITE, which is right at its all-time highs.
COHX +28%, 2x long COHR. Another photonics stock that bounced near its 200dma.
AAOX +28%, 2x long AAOI. Another photonics stock that bounced near its 200dma.
AMAU +23%, 2x long AMAT. Semiconductor stock followed through after testing its 200dma last week.
FNG +22%, 2x long FN
HPEL +20%, 2x long HPE
My subscription service includes a Discord room and private X feed with options and stock ideas, emails with concise market commentary, real-time market education, the Momentum 40 list of market leaders, and much more. See what subscribers say about my educational service.
Check out my free weekly email to get an idea of the content I share with members. See how my ideas/alerts performed.
You can find my trading books on Amazon here.
Disclaimer: Everything I share is for educational and informational purposes only, and it should not be considered financial advice. Read my full disclaimer here.
