WEEK RESET For the weekly AI Ratings, the top names this week are WDC at 8.2, PTRN at 8.1, TEL at 8.1, FFIV at 8.0, and ANET at 8.0. The short-term Hot Ideas closed last week had a rough scorecard: 30 total, with 5 up and 25 down. The average result was -6.5% versus SPY at +2.2%. MU was the best at +13.6%, while CIEN was the worst at -29.9%. HOT IDEAS ON RADAR 30 active today. WDCWestern Digital CorporationStrong AI storage momentum: Q3 showed broad revenue growth and gross margin above 50%, management said calendar 2026 is essentially sold out with customer commitments extending into 2027-2028, and the stock rose about 35% over the last 21 trading days while breaking to new highs. SNDKSandisk CorporationAI memory demand remains the key setup. The latest earnings call guided Q3 revenue to $4.4B-$4.8B, gross margin of 65%-67%, and EPS of $12-$14, while management said demand exceeds supply. The stock is up about 49% over 21 trading days. TSEMTower Semiconductor Ltd.Recent catalysts include silicon photonics capacity reservations with $290M of customer prepayments, a multi-year InP epiwafer supply agreement for AI data-center optical connectivity, and IP dispute resolution. Shares rebounded 25.5% from the 2026-06-09 low. Others on radar CECOLQDAGEAMATAMDSFIXFAGPCRMBXBLLN+17 more MARKET PULSE Risk-on sentiment built on a U.S.-Iran deal framework, with oil tumbling, airlines rallying, and the Dow hitting a record. Fed attention shifted to Kevin Warsh’s first rate-setting meeting this week; no rate change is widely expected Wednesday. U.S. data was mixed: Empire Manufacturing fell from 19.6 to 5.7, below the 30.1 forecast, while factory production was flat in May. Crypto stayed active as Strategy bought $100 million of Bitcoin, adding 1,587 BTC and lifting reserves to 846,842 BTC. |