The host notes the US stock market has finished higher in 78% of years over 74 years, implying a strong long-term upward bias.
The host sees CoreWeave being dragged lower short-term by the Nebius report.
The host sees near-term sentiment pressured by delivery delays, lower annualized run-rate revenue and revenue guidance, plus the Jensen Huang news.
With AMD up 13%, Broadcom up 8%, and TSMC up nearly 4% while Nvidia fell, the market signaled the AI boom continues with or without Jensen Huang.
SMH is being rejected at both the 200-day moving average and the daily 21 EMA.
AMD is the strongest chip stock but its vertical 40%+ move off the lows won't last; the host expects a pullback and consolidation rather than straight continuation to highs.
AMZN printed a bearish engulfing candle after a gap-up faded green-to-red, matching prior temporary-top patterns; the host expects a temporary top.
The S&P 500 is bouncing off support in an energy-building phase; the host expects a strong rally soon, potentially into December and a strong year-end finish.
The Nasdaq bounced off support; if that support holds and price breaks out, the host expects another big move to the upside.
The host admits he was wrong about more downside; the Dow is holding support in an energy-building phase, and a break higher should trigger another leg up.
The host names Dell as a beneficiary of enterprise local AI buildouts.
The host discloses NVIDIA is one of his biggest positions and that the week has been brutal. He expects a leadership change amid the investigation, keeping the stock under pressure near term.
Citing prediction-market odds around 88%, the host believes Jensen Huang will be removed or forced to resign before year-end, with November 17 earnings as the key clarity event.
The Philadelphia Semiconductor Index reclaimed its 250-day line with AI hardware surging; the yearly line is the next target. The rebound stays intact unless today's gap is fully filled, and a break below the 250-day line would flip him cautious.
Anthropic's IPO is several times oversubscribed, boosting tech optimism; if demand holds, pricing could be raised during the offering.
The Nasdaq lost support but reclaimed the July lows, proving no acceptance below — a bullish sign that bears are not proving their case; burden of proof is on bears.
Micron is back above its level, showing relative strength versus SNDK; the host's actionable takeaway is to focus on the strong names.
Technology now exceeds 50% of the S&P 500 and 40% of global pension fund exposure, a concentration the host likens to the dot-com bubble, which he flags as a major risk.
The host believes the scandal will keep fermenting and the market needs time to digest it, so NVIDIA has not bottomed and will stay under pressure near-term; no rush to add.
Since NVIDIA's chips are fabricated by TSMC, the host expects TSMC's stock to struggle near-term if NVIDIA keeps falling.
The host believes NVDA may stay under short-term pressure with management uncertainty and earnings pending; the 149-150 area is a possible near-term bottom.
On a reported Jensen Huang affair, the host says he will very likely step down and NVIDIA fell sharply after hours, leaving his recent dip-buy position underwater.
The host expects Anthropic to hold above its IPO price initially thanks to greenshoe support and hot IPO demand, with short-term upside; subscribing with idle cash is reasonable.