To The Moon

$Exxon Mobil(XOM)$   $Chevron(CVX)$   $Spdr S&P Oil & Gas Exploration & Production Etf(XOP)$   $Micron Technology(MU)$   Oil above $100 naturally makes XOM, CVX and COP look like the obvious winners. But I think the more interesting trade is happening somewhere else. At these levels, oil stops being only an energy story. It becomes an inflation, interest-rate and valuation story. The chain I'm watching is simple: Oil ↑ → Inflation pressure ↑ → Rate-cut expectations ↓ → Treasury yields ↑ → Growth va

$Micron Technology(MU)$   Memory just gave us another reminder that this cycle is anything but normal. Intel's CEO warned that memory prices have risen more than 500% and shortages could worsen next year. The market immediately heard the supplier-side implication: extraordinary pricing power. MU jumped 5.50% to $977.50, while SNDK gained about 6.2%.  But there is an important distinction: 500% higher memory costs are fantastic for sellers. They are painful for buyers. And eventually, extremely high prices can become their own demand problem. 🔥 Why I Am Still Bullish The shortage thesis is getting harder to dismiss. AI servers require enormous amounts of memory, supply remains constrained, and Intel is now war

The memory trade enters the week of 8 September with something it did not have a week ago: confirmation. SNDK enters around $1,740. MU around $1,017. Both have shown extraordinary relative strength. But from here, I think their paths diverge. SNDK has a new mechanical catalyst. MU has the cleaner fundamental catalyst. And this week, both have to survive a major macro test. 🔴 SNDK: The Countdown to 21 September Begins SanDisk will enter the S&P 100 on 21 September. That matters because index-tracking funds will need to reposition around the rebalance. But I would not confuse that with unlimited upside. The index catalyst is real but temporary. SNDK still needs NAND pricing, AI storage demand and its long-term customer commitments to justify the valuation once those flows are finished. M

Micron closed Friday +6.10% around $1,014, reclaiming the psychologically important $1,000 level while the S&P 500 fell. Like SNDK, MU benefited from Dell's $95B AI-server backlog and expectations for another major jump in memory contract prices. But MU has one additional risk its peers do not: Nearly 10,000 Taiwan workers are threatening strike action. The Taiwan Risk Is Real, But Not Yet a Production Problem More than 80% of surveyed union members reportedly supported strike action over bonuses and profit-sharing. That sounds alarming because Taiwan is critical to Micron's manufacturing footprint. But the distinction matters: No strike has started. Production has not stopped. For now, this remains a labour negotiation. That creates an unusual paradox. If Micron production were disrup

SanDisk closed Friday +10.44% at $1,734. MU gained 6.10% and SK Hynix 8.14%, while the S&P 500 fell 0.48%. That divergence is the story. Memory rallied despite a hot jobs report, higher Treasury yields and renewed Fed fears. Two months ago, that combination could have crushed these high-beta names. Friday, investors bought them instead. Relative strength on a green market is nice. Relative strength during a macro shock is evidence. Why Memory Exploded Three catalysts converged. First, Dell disclosed a massive $95B AI-server backlog, another strong signal that AI infrastructure demand remains intense. Second, Susquehanna reportedly expects DRAM contract prices to rise more than 50% this quarter and NAND around 60%. Those do not look like cycle-end numbers. They suggest scarcity is still

$Micron Technology(MU)$   Memory stocks finally pulled back. Micron fell 2.64%. SanDisk lost 1.90%. SK Hynix dropped 2.31%. Normally, after the extraordinary memory rally we have seen, I would call that healthy profit-taking. This time I would not dismiss it so quickly. A new variable has entered the memory thesis: production risk. Unions representing nearly 10,000 Micron workers in Taiwan are threatening strike action over bonuses and profit-sharing. That matters because Taiwan is not peripheral to Micron's business. It is one of the company's most important manufacturing hubs. Until now, the biggest debate around MU has been: How high can memory prices go? The question may temporarily become: How much memory can

$Tesla Motors(TSLA)$   Tesla's Cybercab finally crossed an important line this week. It stopped being a presentation. Real Cybercabs are carrying real passengers in Austin, without steering wheels or pedals. Tesla had 45 Cybercabs registered in Texas as of Friday morning, and the stock initially celebrated, jumping 5.42%. Then reality arrived. The shares gave back the enthusiasm, and US regulators opened an audit examining roughly 1,000 Cybercabs and the technical basis Tesla used to certify that the vehicles comply with federal safety standards. That sequence tells us almost everything about the Tesla trade right now. The technology has moved forward. The valuation has moved much further. 45 Cars Matter More Th

$SanDisk Corp.(SNDK)$   $Micron Technology(MU)$   $SK hynix(SKHY)$   SanDisk just gave us a perfect lesson in why price action and fundamentals are not always the same thing. SNDK flipped from roughly 2% down intraday to close up 5.5%, with an extraordinary burst of volume into the closing bell. Then it gave back part of the move after hours. The catalyst? MSCI World Index inclusion. Passive funds tracking the index had to buy SNDK as the rebalance took effect. That means part of Monday's rally was not investors suddenly deciding SanDisk was worth more. It was mechanical demand. So should we dismiss the move? No. Becaus

Thursday's session produced one of the more confusing divergences of the year. NVDA closed up 8.74% after delivering revenue up 106% year on year, data centre sales up 117%, and a forecast for roughly 70% top-line growth next year. CFO Colette Kress explicitly named rising memory costs as the reason gross margin is heading from 75% today to a trough of 71 to 72% in Q4. High bandwidth memory now accounts for an estimated 30 to 40% of the cost to build an AI accelerator. The world's most important AI chip company just told the world, on an earnings call with full legal accountability, that memory suppliers have pricing power over it. SNDK closed down 0.96%. MU closed down 0.32%. SK Hynix gained 2.27%. That divergence deserves a straight answer rather than rationalisation. The Three Reasons M

$NVIDIA(NVDA)$   $Micron Technology(MU)$   $SK hynix(SKHY)$   August 2026 was not a month. It was a stress test. In the span of four weeks, the market experienced its sharpest single-day crash of the year, a record high close, a Warsh hawkish shock, an NVDA blowout, a China memory threat, and a SanDisk Investor Day that rewrote the NAND story permanently. If your positions survived all five of those in sequence and you still have conviction, you have earned it. If you did not, August just taught you something worth learning before September. Here is the honest review, and the September pla