Amit Kukreja

Investors should consider Box (BOX) as a core play on enterprise AI, as its role managing unstructured data for AI agents is driving accelerated growth and higher customer lifetime value. NVIDIA (NVDA) remains a high-conviction "buy and hold" due to CEO Jensen Huang’s aggressive execution and the company's expansion into CPUs and integrated AI sandboxes. The "applied software layer" featuring Salesforce (CRM), Palantir (PLTR), and Snowflake (SNOW) is positioned to thrive by routing tasks across multiple AI models and capturing massive increases in automated usage. To capitalize on the physical requirements of AI memory and storage, look toward infrastructure leaders Micron (MU), Western Digital (WDC), and Seagate (STX). Monitor the emergence of "token budgets" within corporate departments, as this shift marks AI's transition from a back-office IT cost to a primary driver of business revenue.

Micron (MU) presents a compelling "buy the dip" opportunity as it trades at a low 8x forward earnings while maintaining massive 84.9% gross margins due to its immense pricing power over the AI industry. Investors should consider rotating out of "hyperscalers" like Microsoft (MSFT) and Apple (AAPL), which are currently facing "dead money" status as rising memory costs eat into their profit margins. Qualcomm (QCOM) is a high-conviction play for those looking to solve memory bottlenecks, with analysts setting aggressive price targets between $250 and $300. While NVIDIA (NVDA) remains the market leader, its upside may be limited by its suppliers demanding a larger share of profits and emerging competition for its CUDA software moat. For those seeking growth outside of chips, Hims & Hers (HIMS) shows strong resilience in the healthcare sector, while Amazon (AMZN) is approaching valuation levels that offer significant long-term value for patient investors.

Alphabet (GOOGL) is a high-conviction buy as its inclusion in the Dow Jones Industrial Average on June 29th creates a structural tailwind; look for support between $340 - $350 with a price target of $380. For NVIDIA (NVDA), use any dips toward the $190 support level as a dollar-cost averaging opportunity, targeting an eventual move to $260. Micron (MU) remains a "screaming buy" if it reaches the $750 - $780 range, though investors should avoid high-risk options trades ahead of its volatile earnings report. Palantir (PLTR) is currently in a downward trend, and investors should wait for a high-conviction entry point near the $80 level rather than buying the current "trappy" setup. Avoid new positions in Bitcoin (BTC) for now, as failure to hold $65,000 could trigger a significant correction into the $46,000 - $50,000 range.

Investors should monitor Micron (MU) earnings tomorrow as a critical "smoking gun" catalyst to determine if the current semiconductor drawdown is a structural correction or a major buy-the-dip opportunity. NVIDIA (NVDA) is approaching a vital psychological support level at $200, while Palantir (PLTR) remains a high-conviction pick with a key entry point identified at $119.50. A notable rotation is occurring from semiconductors into software, making resilient names like Adobe (ADBE), ServiceNow (NOW), and Salesforce (CRM) attractive safe havens within the tech sector. For speculative AI infrastructure plays, look to accumulate CoreWeave (CORW) if it dips below $100 and watch for SpaceX (SXC) to find support near $135 following its recent massive unwind. Despite the volatility driven by South Korean market liquidations, the fundamental outlook remains supported by strong earnings growth rather than a structural bear market.

The recent "collapse" in SpaceX presents a high-risk contrarian entry point for those who "bet on Elon," but investors should wait for the price to stabilize above $150 to avoid further momentum unwinding. Micron (MU) is a high-conviction "safety" play in the memory sector with massive bullish option flow targeting $1,500 strikes, though investors should be wary of a "sell the news" event following its upcoming earnings. For long-term semiconductor exposure, Broadcom (AVGO) is attractive in the $370s, with the $330s representing an ideal level to establish a full position. While Palantir (PLTR) has secured a major U.S. Army contract, the stock remains under pressure; look for a daily close back above $120 to signal a confirmed trend reversal. Finally, investors should favor the "CapEx Trade" via hardware names like Dell and SMCI over software, as capital continues to rotate out of SaaS and into AI infrastructure.

Investors should prioritize Micron (MU) ahead of its June 24th earnings, as analysts project "explosive" results and price targets between $1,500–$1,600 due to global memory shortages. Super Micro Computer (SMCI) remains a high-conviction momentum play for those tracking NVIDIA's roadmap, specifically benefiting from new data center blueprints for the Vera Rubin platform. For a "backdoor" AI play, look toward Bitcoin miners like Hive (HIVE) and Marathon (MARA), which are being aggressively re-rated as AI power and data center infrastructure providers. Exercise caution with Google (GOOGL) as it tests critical support at $340–$350, facing pressure from massive equity dilution and rising competition from open-source AI models. Be mindful of a potential broader market pullback through late June, as J.P. Morgan anticipates a $165 billion institutional rebalancing out of equities and into bonds.

The semiconductor sector remains the primary market driver, with a strategic rotation currently underway from NVIDIA (NVDA) into memory and networking "bottleneck" plays like Micron (MU), Western Digital (WDC), and Marvell (MRVL). Investors should monitor Micron (MU) and Western Digital (WDC) for continued margin expansion following Apple's confirmation of a persistent global memory shortage. In the space sector, Rocket Lab (RKLB) offers a high-conviction technical entry point as it bases at its 50-day EMA, serving as the primary public alternative to SpaceX. While the software sector faces a "SaaS Apocalypse" sentiment, long-term investors may find a generational entry point in ServiceNow (NOW) or Salesforce (CRM) as they pivot toward "Agentic AI" models. Conversely, caution is advised for Bitcoin (BTC) and Ethereum (ETH), as waning speculative momentum and high correlation to tech stocks suggest further downside risk if the Nasdaq undergoes a correction.

Investors should

Investors should prioritize "picks and shovels" infrastructure over software, specifically targeting Applied Materials (AMAT), ASML, and Micron (MU) as hardware remains the primary AI bottleneck. AMD is a high-conviction play for AI agent workflows following a recent price target upgrade to $600, while Nebius (NBIS) offers direct exposure to the booming "Neo-Cloud" sector. Monitor Robinhood (HOOD) closely; if the stock holds above the $100 psychological level following the Fed meeting, it signals a long-term bullish trend driven by diversified growth. For rate-sensitive upside, SoFi (SOFI) remains a "coiled spring" backed by consistent CEO insider buying, poised to rally if the Fed confirms a path to lower interest rates. Conversely, exercise caution with Snapchat (SNAP) due to poor reception of its expensive hardware and SpaceX-related stocks like Rocket Lab (RKLB), which may face temporary pressure from upcoming share supply.

Avoid chasing SpaceX at current levels above 200, as the low float creates artificial volatility; instead, wait for a safer entry point near the 175–176 support level.

NVIDIA (NVDA) is entering a short-term cooling phase, making the 189–190 range a high-conviction "buy-the-dip" opportunity for long-term investors targeting 300.

Microsoft (MSFT) is currently in "last call" territory for buyers, offering an attractive entry for dollar-cost averaging near its 350–356 support floor.

For speculative growth, monitor Intel (INTC) for a potential squeeze toward 170 if it holds above 125, and follow insider buying signals for SoFi (SOFI) near the 18 price point.

Shift focus toward the "Megawatt" thesis by investing in AI power infrastructure providers like Vertiv (VRT) and Constellation Energy (CEG), which serve as the essential backbone for data center expansion.

Investors should watch SpaceX (SPACE) closely as it approaches Russell index inclusion on June 26th and potential NASDAQ 100 inclusion in July, though a "sell the news" event may occur mid-month. NVIDIA (NVDA) remains a high-conviction core AI play, supported by massive institutional demand for its recent $25 billion debt issuance and superior revenue growth. In the memory sector, Micron (MU) shows significant earnings momentum with a potential price target of $1,100 as chip shortages persist. Exercise caution with Marvell Technology (MRVL) following a substantial 48% stake liquidation by its CFO, which may signal a local valuation peak. For broader exposure, a drop in oil prices toward $70-$75 presents a buying opportunity for consumer discretionary stocks, airlines, and cruise lines as inflation expectations cool.

Following its historic IPO, SpaceX is considered a "must-have" institutional asset, with analysts viewing entries below the $180–$190 range as a strong value despite recent volatility. Investors should avoid using smaller competitors like Rocket Lab (RKLB) or AST SpaceMobile (ASTS) as proxies, as the market is currently rotating capital out of these names and into the "real thing." Robinhood (HOOD) presents a high-conviction opportunity near $93, supported by $50 million in recent insider buying and a rapidly growing prediction markets business. In the technology sector, Salesforce (CRM) is highlighted as a deep-value play for patient investors, while NVIDIA (NVDA) remains the preferred "stable" anchor for AI infrastructure exposure. Keep a close watch on Roku (ROKU) for speculative gains as buyout rumors involving Netflix could drive further price action toward the $144 level.

Investors should prepare for massive institutional buying of SpaceX (SPCX) in approximately 15 days when it is expected to join the NASDAQ 100. While the stock is currently volatile following its $135 IPO, bulls view it as a long-term "AI Hyperscaler" play with explosive revenue potential through Starlink and orbital compute. Conversely, the "SaaS Apocalypse" has left Salesforce (CRM) trading at a significant discount of under 10x free cash flow, offering a high-conviction value entry for contrarians. Capital is currently rotating out of space proxies like Rocket Lab (RKLB) and AST SpaceMobile (ASTS), creating potential pressure on these smaller firms as liquidity shifts toward SPCX. Finally, monitor geopolitical headlines regarding an Iran peace deal, as a finalized agreement would likely trigger a sharp drop in Oil prices and a broad rally for the S&P 500.

The recent market reversal suggests a short-term floor for the S&P 500 (SPY), with cooling geopolitical tensions and falling oil prices potentially reopening the door for interest rate cuts. High-beta semiconductor stocks like NVIDIA (NVDA), Broadcom (AVGO), and Micron (MU) remain the primary vehicles for momentum traders, though investors should watch for "AI exhaustion" as supply bottlenecks resolve. While Adobe (ADBE) and other SaaS names have lagged, they currently offer a better risk/reward profile than hardware by "buying wholesale compute and selling retail AI" to established enterprise clients. Avoid overpaying for pure-play AI model providers due to a "token price war" that favors deep-pocketed hyperscalers like Google (GOOGL) and Microsoft (MSFT). Finally, while the SpaceX IPO will drive massive hype for sympathy plays like Rocket Lab (RKLB) and AST SpaceMobile (ASTS), retail investors should wait for the inevitable post-IPO consolidation before building long-term positions.

As AI model providers like OpenAI and Anthropic face margin compression from price wars, investors should pivot toward software orchestrators like Palantir (PLTR) and ServiceNow (NOW) which benefit from cheaper "token" costs. Intel (INTC) presents a tactical opportunity following a Bank of America upgrade to a $135 price target, driven by a market shift toward AI inference. The massive SpaceX IPO is expected to trade between $180 and $250, but investors should watch for "sell the news" volatility in related space stocks like Rocket Lab (RKLB) and AST SpaceMobile (ASTS). Oracle (ORCL) offers a potential long-term entry point on its recent 9.5% dip, supported by massive infrastructure demand and a growing $638B backlog. Given "sticky" inflation and geopolitical tensions in Iran, maintain a cautious stance on broader tech as the market trends toward extreme fear.

Investors should prioritize NVIDIA (NVDA) as a high-conviction buy on pullbacks toward the $180-$200 range, as massive capital expenditure plans from major clients like Oracle signal sustained demand for AI chips. Oracle (ORCL) offers a long-term opportunity for patient investors; while high debt and infrastructure spending may cause short-term volatility, its record $638 billion in remaining performance obligations provides massive future revenue visibility. For those seeking higher risk and reward, Nebius (NEBUS) and CoreWeave (CRWV) are the primary "pure play" AI cloud hyperscalers to watch, though they carry significant bankruptcy risk if AI demand cools. Micron (MU) remains a top pick in the semiconductor space with a clear growth runway through 2027 due to the ongoing shortage of high-bandwidth memory. Avoid traditional SaaS (software) stocks in the near term, as corporate budgets are currently rotating away from software applications and toward "picks and shovels" hardware and infrastructure.

Monitor NVIDIA (NVDA) closely at the $200 psychological floor, as a break below this level could trigger a further slide toward $190. Investors should consider a rotation into Broadcom (AVGO) near current levels, as it now offers a more attractive valuation on a price-to-earnings basis compared to AMD. Robinhood (HOOD) remains a high-conviction momentum play backed by over $50M in recent insider buying, though it remains sensitive to broader market volatility. For long-term AI exposure, Palantir (PLTR) is the preferred "sovereign data" play for those betting on enterprise implementation over speculative language models. Exercise extreme caution regarding the SpaceX IPO, as its $2 trillion valuation is viewed as significantly overextended compared to institutional fair value estimates of $63/share.