To The Moon

$SanDisk Corp.(SNDK)$ $Micron Technology(MU)$  up 1.3% and $SK hynix(SKHY)$  up nearly 3% today. Huh. It just wouldn't feel like a normal trading day without getting zero relief from the constant short pressure, which mostly only exists during overnight hours and at the open when most people can't or don't trade. It would be nice to actually see a pump when one of the biggest near-term worries for $Alphabet(GOOGL)$ , their capex, works out in our favor, instead of dropping $42 per share for no reason other than algo bots spamming sell all night. See you at 3000.

$SpaceX(SPCX)$ A couple of price levels that wouldn't surprise me if they were hit. First, SpaceX reaching a $1 trillion market cap, which would put the share price at $76. Second, based on some metrics, Tesla could be around $62. And honestly, this seems very plausible.

$Direxion Daily Semiconductors Bear 3x Shares(SOXS)$  I added a few shares, getting my average cost where I want it. I'm not going overboard though. The semiconductor earnings reports this week will show, as they always do, that demand remains incredibly high.

$IBM(IBM)$ IBM posted $17 billion in quarterly sales with billions in free cash flow. Its operating margin is around 20%, and the balance sheet has an A rating from the three major credit agencies. The company also has a strong position in quantum computing, which looks like the market's next big thing, and is on track to deliver the world's first large-scale, fault-tolerant quantum computer. Warren Buffett once noted that stocks sometimes sell at silly prices. It doesn't take a high IQ to see when they're cheap, but it does take the right temperament to actually step up and act on it.

$IBM(IBM)$ Whether you're waiting for $190 or getting back in at $210, it doesn't make much difference for a stock that will likely be back in the $270-$300 range by year-end. In my view, we probably won't see it go below around $205 again. The major run-up typically starts about 2-3 weeks after earnings, though I wouldn't mind if it takes longer, as that just means more shares through dividend reinvestment. Earnings are lower because client spending is shifting towards memory and hardware over IBM's software and consulting. That's understandable. But it doesn't mean those business sectors won't recover. The original move to $300 was driven by quantum speculation anyway, not legacy IBM services. So, why does the narrative shift so dramatically

$Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ If reverse splits aren't a big deal to the bears, then why was this trading at $141,000 per share back in 2022 compared to $46 today? It's a pretty stark difference.

$NVIDIA(NVDA)$ $Advanced Micro Devices(AMD)$ $Micron Technology(MU)$ $SUPER MICRO COMPUTER INC(SMCI)$ $SpaceX(SPCX)$  Not a bad session overall. Hopefully the momentum continues and we see further gains going forward to recover from the recent pullback.

It's safe to say that hyperscalers are a good investment, since AI hardware demand will go up and tokens will increase way faster than production. That said, $CoreWeave, Inc.(CRWV)$  doesn't seem to make much money. I think $Oracle(ORCL)$  is a better long-term buy. Regardless, just buy $Direxion Daily MU Bull 2X Shares(MUU)$  or MULL.

$Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ The CPI reading next week could push Bitcoin above $70,000 and lift the broader markets. Shorts might be forced to cover if the squeeze happens.

$Direxion Daily Semiconductors Bear 3x Shares(SOXS)$  From where I stand, this could move up another 20% from current levels and still be well under the $5 mark it was at just recently. It feels like there's a strong push to support semiconductor stocks right now.