$Micron Technology(MU)$ is becoming one of the most interesting valuation debates in the semiconductor market. With shares trading around $695, some investors argue that Micron is surprisingly cheap based on its earnings. Others believe using traditional P/E ratios to value memory-chip companies is misleading. Both sides have a point. Why Micron looks attractive The AI boom has fundamentally changed demand for memory. AI data centres require enormous amounts of high-performance memory, particularly High Bandwidth Memory (HBM), which is essential for advanced AI accelerators. Micron is one of the key suppliers benefiting from this demand. Unlike some AI companies that are still trying to prove their business models, Micron is selling products th

Tesla’s decision to wind down Cybertruck production by mid-2027 is more significant than the cancellation of one unpopular vehicle. It highlights a fundamental shift in Elon Musk’s vision for the company: from selling electric vehicles to building an AI-powered autonomous transportation business. The Cybertruck was once presented as Tesla’s next major breakthrough. When it was unveiled in 2019, Musk predicted annual sales of around 250,000 units. However, reality turned out very differently. Tesla sold approximately 38,965 Cybertrucks in 2024, followed by just 20,237 in 2025, a 48% decline. Sales continued weakening in 2026. The lesson is straightforward: strong initial interest and impressive preorder numbers do not necessarily translate into sustainable demand. Why is Tesla pulling the p

The AI infrastructure race may be entering a new phase, and Microsoft’s latest reported move could be an important signal. According to Bloomberg News, Microsoft is winding down an arrangement to rent AI computing capacity from Oracle as part of a broader reassessment of billions of dollars in cloud partnerships. The news immediately affected market sentiment. Oracle shares fell nearly 3% during Friday’s trading, while Microsoft remained relatively unchanged. At first glance, this might look like a routine adjustment to cloud capacity. However, the bigger question is whether major technology companies are starting to reconsider how much AI infrastructure they actually need and where they should source it. 1. Microsoft’s decision raises questions about AI capacity demand Microsoft has been

$NVIDIA(NVDA)$ has fallen below the psychologically important $200 level, raising a big question for investors: Is the world’s leading AI chipmaker approaching a bottom, or is another leg down still possible? On Thursday, Nvidia (NVDA) plunged 9.3% to $181.60, marking its worst single-day decline since January 2025. It was also the first time the stock had closed below $200 since July 30. The decline comes amid a broader selloff in semiconductor and AI-related stocks. However, Nvidia’s recent trading history offers an interesting perspective on what could happen next. 1. Why the $200 level matters The $200 mark is more than just a psychological threshold. It represents an important change in market sentiment. Nvidia had benefited from strong

The recent selloff in AI stocks is beginning to create consequences beyond publicly traded technology companies. Anthropic, one of the biggest names in the AI industry, is now facing questions about whether its expected IPO valuation can withstand a more cautious market environment. According to reports, prospective investors had previously indicated that a reasonable valuation for Anthropic could reach approximately $1.4 trillion to $1.5 trillion. However, the sharp post-election decline in AI stocks has forced investors and bankers to reassess their expectations ahead of formal IPO marketing. This is an important development because it highlights a growing disconnect between private-market valuations and what public-market investors are currently willing to pay. 1. Private AI valuations

After one of the semiconductor sector’s most painful selloffs in six years, $NVIDIA(NVDA)$ , $Advanced Micro Devices(AMD)$ and other chip stocks staged a strong recovery on Friday. The rebound has raised an important question: Was this week’s violent AI selloff a temporary correction, or are investors finally reaching the end of the AI trade? I think it is too early to declare the bottom, but there are reasons to believe the outlook is not as negative as Thursday’s market reaction suggested. 1. The AI demand story has not disappeared The biggest distinction between this correction and previous technology selloffs is that AI infrastructure demand remains substantial. Hyperscalers continue investin

The oil market has just delivered a major shock. Following the Democratic Party’s victory in both chambers of Congress, crude oil futures plunged more than 8% in a single session, with Brent falling to around US$94.62 and WTI settling near US$88.12. Investors immediately began pricing in the possibility of a diplomatic breakthrough in the US-Iran conflict. The logic is straightforward: if tensions ease, restrictions on Middle Eastern oil shipments could gradually be lifted, supply disruptions could diminish and the geopolitical premium built into oil prices could unwind. But I think the market may be moving faster than the actual situation on the ground. A political result is not a ceasefire, and a ceasefire is not an immediate return to normal oil supply. 1. The geopolitical risk premium

With US technology stocks experiencing a sharp sell-off and Hong Kong stocks opening under pressure, investors are looking for new opportunities beyond the crowded US AI trade. Interestingly, Hong Kong’s IPO market is bringing two very different technology companies to investors: Guoxing Aerospace (06935), which aims to bring AI computing into space, and Amicro Technology (02065), which develops intelligent mobile robotics solutions and dedicated robot chips. Both operate in industries with significant long-term growth potential. However, their business models, financial profiles and investment risks are quite different. The question is whether either IPO offers an attractive opportunity at its proposed valuation. 1. Guoxing Aerospace (06935): Taking AI computing beyond Earth Guoxing Aeros

$Advanced Micro Devices(AMD)$  latest quarterly results should have given investors plenty of reasons to celebrate. Revenue, EPS and data-centre performance all exceeded expectations, while next-quarter revenue guidance of approximately $17 billion pointed to continued business momentum. Yet the market delivered a very different verdict. AMD shares plunged 17.28% on Thursday. This reaction highlights an important change in how investors are evaluating AI stocks. Strong earnings are no longer enough. The market wants proof that future growth is achievable, profitable and less exposed to external risks. I believe AMD is facing three separate tests before investor confidence can fully recover. 1. MI450: The next major test of execution AMD’s

Thursday’s market sell-off exposed a growing tension on Wall Street. Investors are no longer questioning only how much technology companies are spending on AI, but also whether those investments can generate sufficient returns in an environment of changing economic conditions and greater regulatory uncertainty. The Nasdaq plunged 5.54%, QQQ fell 6.49%, and the S&P 500 lost 4.36%. This was a significant repricing of risk, particularly for technology and AI-related stocks. Now Friday’s US employment report could provide the next major catalyst. Consensus expects approximately 60,000 new jobs, compared with 29,000 previously, while unemployment is expected to remain at 4.2%. However, I believe the most important question is not simply whether payrolls beat or miss expectations. It is how

Clean energy stocks have suddenly moved back into the spotlight. After Democrats won control of both chambers of the US Congress in the midterm elections, investors rushed into solar and renewable energy shares. FTC Solar surged 43%, Array Technologies gained around 20%, and JinkoSolar climbed 14%. Sunrun, Nextpower and First Solar also recorded gains of more than 11%. The rally reflects a change in expectations about US energy policy. Investors believe a Democratic-controlled Congress could provide stronger support for renewable energy and make it harder to roll back existing clean energy incentives. But I think there is a bigger question: Are investors buying into a genuine improvement in the industry’s outlook, or simply reacting to a political result? 1. Policy support could reduce unc

The AI trade is facing another serious test. After Wednesday’s market rally, global stocks turned lower on Thursday as semiconductor shares suffered heavy losses. Qualcomm dropped around 9%, while the broader semiconductor sector came under strong selling pressure. According to Reuters, the Nasdaq fell around 5.2%, the S&P 500 lost 3.4%, and the Dow dropped 2.2%. The semiconductor index also plunged around 11%. This is more than a normal market pullback. Investors are starting to question whether the huge spending on AI infrastructure will deliver the returns that companies and markets are expecting. 1. Qualcomm’s results show that not every chip business is growing Qualcomm’s latest results highlighted weakness in its traditional smartphone business. Its handset division revenue fell

After a sharp fall in oil prices on Wednesday, the market saw a small rebound on Thursday. At the same time, the US dollar edged higher as investors continued to assess the impact of the US midterm elections and the ongoing conflict involving Iran. At first glance, a 2% recovery in oil may not seem significant. But after crude prices dropped more than 8% in the previous session, it shows how quickly market sentiment can change. I think investors should pay attention to three important factors: oil prices, the US dollar and the upcoming jobs report. 1. Oil prices remain a major source of uncertainty Oil prices fell sharply after the Democrats’ strong election results raised hopes that tensions involving Iran could ease. However, the situation remains unresolved. Investors are still watching

The AI data-centre trade had been one of the market’s biggest growth stories. But Thursday’s sharp selloff shows that investors are starting to look beyond the excitement around AI and focus on the risks of building the infrastructure behind it. Applied Digital, Cipher Mining, IREN and Nebius fell around 15%. Core Scientific dropped about 13%, while Galaxy Digital lost around 10%. CoreWeave also came under pressure. These are significant declines, but I think the bigger question is what is driving them. 1. Building data centres may become more difficult One concern is the changing political environment in the US. Following the midterm election results, investors are worried about tighter rules and greater scrutiny of new data-centre projects. Local communities are also raising concerns abo

I feel more comfortable being an option buyer, especially as a beginner. When buying an option, I know how much I could lose because my maximum loss is the fee I pay upfront. Selling options can earn extra income, but the risk can be much higher if the market moves in the wrong direction. I would rather start with buying options, learn how they work and manage my risk carefully before trying to sell options.

The AI investment boom has a new challenge, and this time it is not about chip shortages, competition or expensive valuations. It is about electricity, water, permits and where data centres can actually be built. Texas has become one of the most important locations for America’s AI infrastructure expansion. However, the election of Democrat Gina Hinojosa as Texas governor has introduced fresh uncertainty for the industry. Hinojosa has promised a moratorium on new data-centre approvals until stronger protections are established. Her concerns include electricity costs, water consumption, environmental impacts and giving local communities more control over development. According to Reuters, Texas represents approximately 25% of planned US data-centre capacity. That is a significant pipeline o

Wall Street’s latest rally has brought investors back into the market, but I don’t think the opportunity is simply to buy the biggest technology names after a strong session. Microsoft, Amazon and Apple have demonstrated that investors are still willing to pay for established businesses with strong cash flows. However, weakness across parts of the semiconductor and data-centre sectors suggests the market is becoming more selective. For Thursday’s trading session, I am keeping five stocks on my watchlist. Each offers a different growth opportunity, but they also come with different levels of risk. 1. $Advanced Micro Devices(AMD)$  – Can It Capture More of the AI Market? AMD remains one of the most interesting semiconductor companies to wat

The Dow surged more than 1,500 points on Wednesday, delivering a 3% gain in one of its strongest sessions of 2026. The S&P 500 climbed 1.6%, while the Nasdaq Composite advanced 1.4%. At first glance, it looked like investors were celebrating a major improvement in market sentiment. Microsoft jumped 6.7%, Amazon gained 6.1%, Alphabet added 3.2% and Apple rose more than 5%. However, the rally was far from universal. NVIDIA, Tesla and SpaceX struggled, while semiconductor and data-centre-related stocks experienced significant selling pressure. The Philadelphia Semiconductor Index dropped 3.1%, reaching a six-month low. Micron and other memory-related shares also came under pressure. This divergence raises an important question: Are investors losing confidence in AI, or are they simply bec

Wednesday’s market action sent an interesting message to investors. While oil prices suffered a sharp decline, some of the world’s largest technology companies staged an impressive rally. The Nasdaq 100 (QQQ) gained 0.96%, while the S&P 500 (SPY) advanced 1.64%. Microsoft surged 6.73%, Amazon climbed 6.10% and Apple gained 5.36%. Meanwhile, WTI crude fell 8.82% and Brent crude dropped 9.13% amid hopes of easing US-Iran tensions and the resumption of shipping activity through the Strait of Hormuz. At first glance, this looks like a positive combination for financial markets. Lower oil prices could ease inflation concerns, while rising technology shares suggest investors are becoming more comfortable taking equity risk. However, I think there is a bigger question worth considering: Has t

AMD’s results are encouraging, but I think the real test is whether memory, PC and automotive chips also start recovering. If growth spreads beyond AI, that would be a much stronger signal of a genuine semiconductor upcycle rather than an AI-driven rally.