AI hardware and compute made new lows this week.
They look oversold, and the pile of negativity could set a bottom. A moment comes where sellers take profits and traders step up, while Jensen’s soap opera looks like the perfect “too much” everyone is focusing on - which is gossip not investing.
But trends are broken and fundamentals are in doubt. Some will try to catch the bottom - Axti or Nebius have a setup everyone wants to buy, but that’s not what I do. I buy trends.
And the trend is setting up somewhere much calmer.
