IS DEMAND TOO STRONG TO FAIL? Full video on YouTube in the first reply ⤵️ I recently broke down $MU and why this earnings report could tell us much more than just where Micron trades next along with $SOXX, $SNDK, and $SKHY HBM demand, long-term agreements and supply constraints are increasingly tied to $NVDA and the broader AI infrastructure buildout, while the biggest risk remains any sign that demand is beginning to taper. The question now is whether supply can catch demand before pricing power starts to fade.

$CBRS is up in overnight trading, fading a bit from the high $180s, but I think the market got what it needed to escape the lows. Cerebras does not trade cheap, but at roughly 1.6x its $25.4B backlog, the valuation is more interesting given the AI inference thematic. For me, this remains more of an asymmetric trade than a long-term hold at these levels.

My Swing Portfolio gained about 8% this week and roughly 25% during the recent move, with several options positions helping drive the gains. $ON 80C +181% $TEM 60C +170% $ALGM 40C +65% $DRAM 58C +45% $AMKR 60C +30% Swing Portfolio YTD: +69% vs $SPY +14% Link to my @joinautopilot High Growth Portfolio in the profile.

Brazil’s election is headed to an Oct. 25 runoff, and markets generally view Flavio Bolsonaro as the more favorable candidate for Brazilian equities because of his focus on faster fiscal consolidation, spending restraint and lower long-term borrowing costs. $EWZ Brazil ETF - Market rerating $NU Nubank - Lower funding costs $STNE StoneCo - Cheaper business credit $MELI MercadoLibre - Consumer credit growth $DLO dLocal - Stronger LATAM flows A Bolsonaro win could strengthen the case for lower Brazilian rates, while Lula’s higher-spending approach remains the bigger fiscal risk for markets.

FUTURES ARE BACK $SPY +0.11% $QQQ +0.24% $IWM +0.13% $USO +0.34% $GLD -0.07%

Elon Musk says he will rename $SPCX SpaceXAI to SpaceXSI, adopting Trump’s preferred term “super intelligence” over “artificial intelligence.” Musk did not provide a timeline, and the company’s X account had not yet been changed.

$CBRS liquid trading. Already up over 10%. Take with a grain of salt. 💥 @liquidtrading

$TSM TSMC affiliate VIS is evaluating a second semiconductor plant in Singapore as AI and data-center demand stretches existing capacity. Its $7.8B first Singapore fab, a joint venture with $NXPI NXP, is expected to reach 44,000 12-inch wafers per month by 2029.

Cathie Wood bought about $20M of $CBRS yesterday before OpenAI CEO Sam Altman called them a "close partner," making it $ARKK largest buy of the day. Overall, ARK bought about $44.9M of stock versus just $1.1M sold, so she was a net buyer by more than 40x.

Trump has proposed a $5,000 payment to every adult U.S. citizen if Republicans win both chambers of Congress. If I ever got that $5,000 check, I know what I’d do with mine. $1 CASH BUYING POWER vs. $1 INVESTED IN THE S&P 500 1950: $1.00 | $1.00 1960: $0.81 | $5.87 1970: $0.62 | $12.44 1980: $0.29 | $22.00 1990: $0.18 | $110.86 2000: $0.14 | $590.68 2010: $0.11 | $536.83 2020: $0.09 | $1,914.60 2026: $0.07 | $5,061.06 Cash lost roughly 93% of its purchasing power. Meanwhile, $1 invested in the S&P 500 in 1950 with dividends reinvested grew to over $5,000. Mine would be going straight into the market. Not financial advice

$QQQ is at record highs with semiconductors leading again, as $SOXX continues to relatively outperform $IGV and $NVDA Nvidia sits near all-time highs while AppLovin remains well below its prior peak. I’m long $APP, and the question is whether the software and AI monetization layer gets another turn once semis cool off.

IS DEMAND TOO STRONG TO FAIL? Full video on YouTube in the first reply ⤵️ I recently broke down $MU and why this earnings report could tell us much more than just where Micron trades next along with $SOXX, $SNDK, and $SKHY HBM demand, long-term agreements and supply constraints are increasingly tied to $NVDA and the broader AI infrastructure buildout, while the biggest risk remains any sign that demand is beginning to taper. The question now is whether supply can catch demand before pricing power starts to fade.

"Close partner". Did Sama just friendzone $CBRS?

$CBRS is up 2% AH after Sam Altman pushed back on concerns that OpenAI was backing away from Cerebras, calling the company a “close partner.” The clarification comes after questions around OpenAI’s use of $NVDA for certain inference workloads and potential implications for Cerebras’ $25.4B backlog.

BREAKING: Sam Altman clarified OpenAI’s relationship with $CBRS Cerebras, calling the company a “close partner” after reports that OpenAI was using $NVDA chips instead of Cerebras hardware for some inference workloads. Barron's This follows the prior $NVDA update, and suggests OpenAI’s increased Nvidia usage does not mean it is moving away from Cerebras entirely.

RYAN COHEN BOUGHT $96M OF GAMESTOP IN 2026 $GME CEO Ryan Cohen purchased ANOTHER $17.1M worth of shares today at an average price of $24.40. His previous filings disclosed $79M in 2026 open-market purchases, including $21M in January and another $20M, $11M and $27M last month. Including today’s purchase, Cohen has now spent $96M buying 3.9M $GME shares on the open market in 2026.

POTENTIAL RESALE OF 25M QUALCOMM SHARES $QCOM filed a prospectus covering the potential resale of up to 25M shares underlying warrants issued to $AMZN, representing $4.03B at the $161.26 warrant exercise price. The warrants were issued September 3, 2026, with vesting tied to Amazon purchase commitments and payments to Qualcomm.

$CRDO isn’t a bet that optics replaces copper, it’s a bet that AI needs more of both. AECs are still growing, while DSPs, silicon photonics and optical transceivers give Credo more products to sell into those same deployments. I’m also watching $AAOI in transceivers, $LITE and $COHR in lasers and optical modules, $AXTI in substrates, and $CIEN in optical networking. What keeps me interested in Credo is 85% FY27 revenue growth guidance, $600M in targeted optical revenue and a 68% gross margin. Four customers accounting for 84% of revenue is a real risk, but the bullish part is winning more business within those customers, not the concentration itself. My speculation that $SPCX is the fourth 10% customer remains unconfirmed, but being that meaningful already would suggest another major deployment contributing real revenue rather than just another name on a customer slide.