Investors should prioritize NVIDIA (NVDA) as it tests the $190 resistance level, benefiting from a massive rotation out of software and into semiconductors. Amazon (AMZN) is a high-conviction play with a $300 price target as AWS growth re-accelerates and its proprietary Trainium chips sell out. For Palantir (PLTR), maintain a cautious stance and watch the $125 support level; a break below this could signal a further slide toward the $100–$115 range. The "Neo-Cloud" sector offers high momentum through Nebius (NBIS) and CoreWeave, though investors must be wary of potential share dilution from capital-intensive GPU purchases. While the broader software sector (IGV) is currently under extreme pressure, Broadcom (AVGO) and AMD remain strong semiconductor alternatives with price targets of $375 and $250 respectively.

Palantir (PLTR)

• The stock experienced a highly volatile session, dropping to a low of $122 before a significant intraday reversal. • Donald Trump posted a specific "buy rating" style message on social media, explicitly mentioning the ticker PLTR and praising its "warfighting capabilities and equipment." • The stock is currently facing "displacement fears" due to the rise of Anthropic and its potential to compete with traditional software platforms. • Despite the "Trump pump," the stock remains under pressure due to a broader "structural software sell-off" affecting the entire IGV (Software ETF) sector.

Takeaways

• Key Technical Level: $125 is identified as a critical support level. If the stock breaks and holds below this, analysts suggest it could slide toward the $100–$115 range. • Sentiment Shift: The mention by Trump provides a temporary floor, but long-term recovery depends on the market moving past the "AI is killing software" narrative. • Earnings Outlook: Expectations remain high for the next quarter, with the street looking for roughly 80% growth.

NVIDIA (NVDA)

• The stock showed strength, breaking through the $187–$188 range and testing the $190 psychological resistance level. • Sentiment remains "giga-bullish" as supply chain data from TSMC (revenue up 45% YoY) suggests massive continued demand for GPUs. • There is a noticeable rotation occurring where investors are selling software stocks to buy semiconductor names like NVIDIA.

Takeaways

• Resistance Watch: $190 is a major resistance point with high sell-order volume (approx. 436,000 shares). A clean break above this could signal further price discovery. • Market Leadership: NVIDIA continues to be the "safe haven" within the AI trade, decoupled from the weakness seen in SaaS (Software as a Service) companies.

The "Neo-Cloud" Sector: Nebius (NBIS), CoreWeave, and Iren (IREN)

• Nebius (NBIS): Hit new all-time highs, touching $147–$150. It is currently viewed as the "best-in-class" Neo-Cloud provider with a more diversified business model than its peers. • CoreWeave: Saw a 14% surge following news of a multi-year agreement with Anthropic to provide cloud infrastructure for AI workloads. • Iren (IREN): Also caught a bid, rising roughly 6% in sympathy with the sector's momentum.

Takeaways

• Sector Momentum: The market is heavily favoring companies that provide the physical "compute" (GPUs and Data Centers) over the companies that sell the software. • Risk Factor: Both Nebius and CoreWeave have high levels of share dilution due to the capital-intensive nature of buying GPUs. Investors should watch for further "At-The-Market" (ATM) offerings that could temporarily cap price gains.

Amazon (AMZN)

• Amazon had its best stretch in months, breaking above the $240 level. • CEO Andy Jassy highlighted that their custom AI chips (Trainium) are essentially sold out through multiple generations. • AWS (Amazon Web Services) is seeing a re-acceleration in growth, currently at a $15 billion annual run rate for AI-related revenue.

Takeaways

• Valuation Target: Many analysts are now eyeing a $300 price target if the margin expansion in AWS continues. • Vertical Integration: Amazon’s move into designing its own chips is seen as a major long-term margin booster, reducing its reliance on external hardware providers.

Investment Themes & Sector Trends

The "Software is Dead" Narrative

• Sentiment: Extremely Bearish for the IGV sector. • Context: Stocks like ServiceNow (NOW), Salesforce (CRM), Adobe (ADBE), and Cloudflare (NET) are seeing double-digit weekly declines. • Insight: The market is currently pricing in a "displacement" theory where AI agents (like those from Anthropic) will replace traditional enterprise software. This has created what some call a "generational buying opportunity" for those who believe these legacy moats will hold.

Geopolitical Impact (Iran Ceasefire & Oil)

• Sentiment: Cautiously Optimistic. • Context: Negotiations are beginning in Islamabad. The market is pricing in a "peace dividend," which has kept Crude Oil below $100. • Insight: If negotiations fail, expect a sharp spike in oil prices and a return to "choppy" or red market conditions. If a deal is reached, it could be the catalyst for a broad market rally.

Semiconductor Strength

• Sentiment: Bullish. • Tickers Mentioned: AMD, Broadcom (AVGO), Marvell (MRVL), and TSMC (TSM). • Insight: Semis are currently the primary beneficiary of the capital exiting the software sector. AMD is testing the $250 level, and Broadcom is seeing strong recovery toward $375.