Jun. 25 at 5:30 PM
GM - quick portfolio read.
$DRAM is up nearly +30%, with
$COHR also +30% and
$OPTX up ~20%. Memory + optical has quietly been one of the stronger factor trades this year, and the move feels more trend-driven than narrative-driven at this point.
No rush here—no chasing strength, no emotional entries. Still leaning into selective software on pullbacks (
$SNOW,), focusing on names with real cash generation rather than hype cycles.
Also added
$VRT around 328. Data center infrastructure is the less flashy side of the AI trade, but arguably the most structurally important-power, cooling, and systems that enable the entire stack.
What stands out is consistency: multi-year revenue compounding, accelerating EPS tied to AI demand, margin expansion, and a backlog that has scaled meaningfully over time.
This isn’t a one-print story-it’s a multi-year execution cycle that’s been building quietly while attention stayed elsewhere.
