A 25% fall in a company like IBM is not an ordinary earnings reaction. It is the market suddenly questioning an entire investment story. IBM’s preliminary second-quarter revenue came in at approximately $17.2 billion, up only 1% year over year and below expectations of around $17.86 billion. Adjusted earnings of $2.93 per share also fell slightly short of forecasts. But the numbers alone do not fully explain such a violent sell-off. The greater concern was the message behind them. IBM said customers had prioritised spending on servers, storage and memory amid supply constraints and anticipated price increases. That redirected technology budgets away from some software and infrastructure purchases. Management also acknowledged execution failures. Several significant deals did not close as e

Something interesting happened across the AI trade this week. AI demand didn’t suddenly disappear. Data-centre spending didn’t collapse. The long-term AI story didn’t magically break overnight. Yet several AI hardware names were punished despite reporting numbers that, on the surface, looked strong. That tells me the market may be entering a different phase of the AI cycle. The question is no longer simply: “Is AI growing?” We already know the answer to that. The more important question might now be: “Which companies can grow fast enough to justify what investors are already paying for that growth?” And that distinction could become extremely important heading into September. 💥 MARVELL SHOWED US THE PROBLEM $MRVL is probably one of the clearest examples. Marvell delivered strong quarterly

#[🎁Reward: Tech Stocks: Buy the Dip or Run for the Exit?] There is a strange assumption in markets that being bullish means you need to be fully invested. I don’t agree. I remain bullish on the long-term AI opportunity. I already have exposure through names including $NVIDIA(NVDA)$ and $Advanced Micro Devices(AMD)$, alongside broader positions such as $SPDR S&P 500 ETF Trust(SPY)$. But I am deliberately not fully invested yet. That is not because I think AI is dead. It is because I think keeping cash available is an investment decision too. 📉 A falling stock is not automatically a cheap stock This is the part I think gets lost during big corrections. When a stock drops 20%, 30% or even 40%, our brains immediately compare the new price with the old high. It looks cheap because it used t

$Palantir Technologies Inc.(PLTR)$  Palantir has just delivered one of the strongest earnings reports I have seen "from a major software company! Wow. The company did not merely beat expectations. It nearly doubled revenue, accelerated both sides of its business, generated enormous free cash flow and raised its full year outlook by  roughly half a billion dollars. Shares jumped approximately 12–14% after hours, but one major question remains: Has Palantir finally grown into its premium valuation, or is the market once again getting carried away? 📊 The headline numbers Palantir reported: - Revenue: $1.94 billion, up 93% year over year - Adjusted earnings: $0.41 per share -  U.S. commercial revenue: $764 million, up 149% - U.S. g

If I judged August purely by my portfolio, it would be a pretty strange month to review. My positions were small. Some were short-lived. There were buys, sells, changes of plan and at least one period where I bought $BE and then watched it fluctuate like it had taken my purchase personally. 😂 But the biggest reason my portfolio looked the way it did had very little to do with the market. Real life happened. I needed access to money for personal circumstances, which meant selling investments earlier than I might otherwise have chosen. At first, that felt frustrating. We spend so much time talking about finding great companies, building conviction and holding for the long term. But August taught me something I think is just as important: Your investment strategy has to survive your real life

Part 2 And basically a continuation from my bother NVIDIA post earlier this year on my thoughts. NVIDIA reports fiscal Q2 earnings on Wednesday, August 26. Normally that sentence alone would be enough to get attention. But this time the setup is ridiculous. NVIDIA is sitting around a US$5.2 trillion market cap. The stock closed Friday at US$214.72. Wall Street is expecting roughly US$92 billion in quarterly revenue and around US$2.09 adjusted EPS. That would be another extraordinary quarter for a company that is already the largest public company on the planet. And that is exactly where the problem begins. For NVIDIA now, being excellent may no longer be enough. 📊 THE NUMBERS ARE ALREADY INSANE Last quarter, NVIDIA generated US$81.6 billion in revenue, up 85% year on year. Data Center