$Netlist, Inc.(NLST)$ The ITC filing adds real pressure here. Netlist filed a fresh action at the U.S. International Trade Commission seeking import bans on Micron's DDR5 and MRDIMM hardware, along with system builders like HPE, Lenovo, and Supermicro. That compresses Micron's timeline to hold out pretty heavily, since ITC cases typically move on an expedited track to trial within roughly a year and pose a direct threat to hardware supply chains. The Samsung settlement and cross-license established a real-world baseline valuation for these server memory patents, which makes it much harder for Micron to claim zero liability indefinitely once import pressures mount. Companies currently infringing on our tech/patents:
$Alphabet(GOOG)$ People were talking about the November earnings report. By then this could be around $250, and whatever gains show up before that might not mean much. The market sets the price, and this one is really disliked right now.
$SUPER MICRO COMPUTER INC(SMCI)$ The market is still sleeping on this one, in my view. Supermicro sits at the center of the AI infrastructure buildout, with exposure to some of the biggest names in compute — NVDA, AMD, MSFT, xAI, CSCO, and more. The bull case is getting harder to ignore: explosive AI infrastructure demand, massive revenue scale, deep hyperscaler and AI ecosystem relationships, liquid-cooling leadership for next-gen racks, the FY2026 10-K now filed and removing another major overhang, and a valuation that still looks discounted versus what the growth opportunity could justify. The bears keep trading the headlines. I'm watching the business. If SMCI keeps executing and Wall Street eventually gives it a valuation closer to other
$Alphabet(GOOG)$ I especially like the part where they're sitting on a mountain of cash. Waymo isn't even mentioned, and they're doing well in Santa Monica, just testing in San Diego. Market leader.
$SAP SE(SAP)$ SAP insiders have been buying aggressively into the weakness, which I see as a strong confidence signal. Thomas Saueressig bought 1,500 shares at €178.30 on Aug. 26 for about €267,450. Gina Vargiu-Breuer purchased 1,700 shares at €179.15 on Aug. 12 for roughly €304,551. Before that, Dominik Asam reported a purchase on July 27, and CEO Christian Klein bought 2,435 shares at €133.56 on July 24. SAP's own investor-relations page confirms all four transactions as purchases. To me, this is notable because several senior executives are putting their own money into SAP shares while the stock still trades well below its previous highs. Insider buying never guarantees rising prices, but a cluster of purchases within a short period can be
$Microsoft(MSFT)$ I'm bullish on Microsoft, but I have a serious question. What happens if the government says we can't build data centers anymore? Is there an upper limit? Would it then come down to chip efficiency? And in that case, wouldn't Nvidia be a better play? If anyone has insight, I'd like to hear as many details as possible.
$Alphabet(GOOG)$ Looking at the difference between last Thursday and now, it actually closed the gap. If it can give me a close like this, I'm long again.
$Alphabet(GOOG)$ Google's cybersecurity partner SentinelOne is moving nicely today. CrowdStrike reported revenue growth of 25.8% for 2Q27. An expanded AWS collaboration and accretive acquisitions could give SentinelOne a similar revenue growth rate as CRWD going forward. The interesting part is the valuation gap. CRWD trades at around 38x sales, while SentinelOne trades for only about 6x sales. If SentinelOne traded at the same P/S ratio as CrowdStrike, its stock price would be roughly $119, representing an upside of about 475% from its current price.
$Amazon.com(AMZN)$ AMZN, MSFT, and GOOG are being used as a hedge against the semis. It is as simple as that. Semis up, they are down, and vice versa. All the daily news is just a smoke screen for the hedging.