AMD is showing massive bullish momentum after hitting a new all-time high, driven by significant call option buying and its central role in the AI build-out. Consider Amazon (AMZN) as its cloud division, AWS, is demonstrating strong pricing power by raising prices for its AI services, signaling potential for accelerated growth. A new opportunity is Amcor (AMCR), an undervalued play on the semiconductor onshoring theme with a potential price target of $40-$50. In the space sector, watch for Rocket Lab (RKLB) to hold above $65 and AST SpaceMobile (ASTS) to stay above $80 as bullish technical signals. For those interested in Bitmine (BMNR), focus on the price of Ethereum (ETH) as the primary driver, as a recent short-seller report is considered weak.

Overall Market & Macro Insights

• The S&P 500 and NASDAQ both hit new all-time highs, described as an "everything rally."
• The primary driver for the rally was the FOMC minutes, which suggested that "most" members believe it's appropriate to ease monetary policy, signaling more rate cuts are likely this year.
• The host believes the market is in a strong bull run backed by real earnings growth and an easier monetary policy, differentiating it from the "bubble" of 2021 which was based on what he calls the "garbage" thesis of Web 3.0.
• A significant amount of capital ($7.5 trillion) is sitting on the sidelines in money market funds. The host speculates that as rates come down, this money could flow into stocks, providing more fuel for the rally.

Takeaways

• The Federal Reserve's dovish stance is a major tailwind for the stock market. The expectation of lower interest rates makes stocks more attractive compared to cash.
• Despite some signs of froth (like the launch of a new Meme ETF), the host believes the bull market is legitimate because it's supported by strong earnings from major tech companies and the transformative potential of AI.
• Investors should watch for the flow of money out of money market funds and into equities as a potential indicator of continued market strength.

Advanced Micro Devices (AMD)

• The stock had a "phenomenal day," surging 10.8% to a new all-time high of $235 after hours.
• The host was surprised by the move, noting it broke its previous all-time high from March 2024.
• The rally was attributed to several factors:
  • A delayed reaction to the OpenAI deal.
  • Significant bullish options activity, with 2.4 million contracts traded, making it the most traded stock in the options market for the day. There was a large volume of January 2026 call options being purchased.
  • Price target upgrades, including one from Goldman Sachs raising their target from $150 to $210.
  • Positive sentiment for the entire semiconductor industry, boosted by comments from NVIDIA's CEO.

Takeaways

• AMD is experiencing massive bullish momentum, driven by its central role in the AI build-out and strong investor sentiment.
• The high volume of call options suggests that traders are betting on the stock price continuing to rise.
• The partnership with OpenAI, despite requiring AMD to give up a potential 10% stake through warrants, is being viewed by the market as a major long-term positive.

Amazon (AMZN)

• The stock broke out of a recent range, closing at $225, its best closing price in over two months.
• The primary reason cited for the price increase is a report that Amazon is raising its Blackwell per-hour pricing for GPU rentals.
• This suggests that Amazon's cloud division, AWS, has strong pricing power for its AI services, which could lead to accelerated revenue growth and higher profit margins.

Takeaways

• The market is viewing the price increase for AWS's AI services as a very positive sign for Amazon's future profitability.
• This could signal that AWS growth, a key driver for the company, is re-accelerating, which may lead to higher guidance in upcoming earnings reports.

Bitmine (BMNR)

• The stock was targeted by a short report from Carisdale Capital.
• The host strongly disagrees with the short thesis, calling the analysis "not good."
  • Carisdale's argument is that BMNR's premium to its Net Asset Value (NAV) will collapse, similar to what happened with MicroStrategy (MSTR).
  • The host refutes this by stating BMNR has never traded at the high premiums MSTR did, and it's unlikely to trade below its NAV while the price of Ethereum (ETH) is rising.
• The host believes the stock's price movement is primarily tied to the price of ETH, not the short report.

Takeaways

• The short report from Carisdale Capital is viewed as weak and based on a "faulty comparison."
• Investors in BMNR should pay more attention to the price of Ethereum as the primary driver of the stock's value, rather than being concerned about the short-seller report.

Rocket Lab (RKLB) & AST SpaceMobile (ASTS)

• Both stocks were described as "the story of the day" after seeing continued momentum from new deals announced the previous day.
• Rocket Lab (RKLB) was up 5% and closed at $65.
• AST SpaceMobile (ASTS) was up 9% and closed above $81.
• The host views closing above $65 for RKLB and $80 for ASTS as "very, very bullish" technical levels.

Takeaways

• Both companies are experiencing strong positive momentum following recent business developments.
• The host suggests that holding these key price levels is a bullish signal for the stocks' future performance.

Amcor (AMCR)

• The host is considering taking a position in this stock, which he believes is an important and undervalued play on the onshoring of semiconductor manufacturing in the United States.
• Amcor is a packaging technology company in the semiconductor space.
• It is trading at what the host considers a cheap valuation of 1.5 times sales with a market cap of $7.5 billion.
• A major bullish point is a recent press release that included positive quotes from the CEOs of NVIDIA, Apple, and TSMC, which is highly unusual for a company of this size.
• The host mentioned a potential price target of $40-$50 based on the onshoring thesis.

Takeaways

• Amcor could be a key beneficiary of the trend to bring semiconductor manufacturing back to the U.S.
• The company's valuation appears attractive relative to its growth prospects and its strategic importance in the semiconductor supply chain.
• The endorsements from major tech leaders suggest the company is a critical partner in the industry. This is a stock to watch.

Meme Stock ETF (MEME)

• A new ETF with the ticker MEME was launched, which invests in stocks with high retail interest.
• The host questions if this is a sign of a market top, noting that a similar ETF launched in December 2021, just before the 2022 bear market.
• However, the host is skeptical that it signals an imminent crash this time, arguing that strong corporate earnings provide a solid foundation for the market.
• The ETF saw extremely volatile after-hours trading on very low volume, jumping over 40% at one point.

Takeaways

• The launch of this ETF is a sign of "frothy" sentiment and increased speculation in the market.
• While historically such events have preceded market downturns, the underlying strength of corporate earnings may prevent a similar outcome this time.
• Investors should be aware of the increased speculative behavior but not necessarily view it as a definitive signal to sell out of the market.

Other Stock & Crypto Mentions

• NVIDIA (NVDA): Closed near $189. CEO Jensen Huang's commentary is seen as a major positive for the entire AI and semiconductor sector. He expressed confidence that the massive investments in AI will generate a significant return (ROI).
• Google (GOOGL): Was slightly down on the day. The company announced a $10 billion investment in India for data centers and is in a legal battle over bundling its Gemini AI app.
• Robinhood (HOOD): Briefly broke $151. A listener asked about taking profits on a call option up 400%. The host suggested it's wise to "take the win," especially if one still holds the shares for the long term.
• Tempest AI (TPST): A healthcare AI stock that rose 11%. The host highlighted that both Nancy Pelosi and Cathie Wood had purchased the stock at much lower levels, suggesting that when influential figures buy lesser-known stocks, it's worth paying attention.
• Costco (COST): Rose 3% after hours. The move was driven by strong September sales figures, with digital sales growing an impressive 26.1%.
• Bitcoin (BTC) & Ethereum (ETH): BTC was holding above $121,000 (Note: This is likely a transcript error and may refer to a different price level) and ETH was at $4,500. Their stability is seen as a positive for crypto-related stocks.
• Dell (DELL): Up 9% after raising its financial performance outlook. This was seen as a positive catalyst for other hardware companies like SMCI.