Weekly Market Report 5/10/26
Cerebras, under the radar AI infrastructure play, two hidden Amazon energy winners, my trading account, and more.
Happy Mother’s Day to all the mothers and soon to be mothers out there!
What a market we have on our hands.
People are arguing about whether or not it’s a bubble, but it doesn’t matter.
The stock market more than doubled in the final two years leading up to the dot com crash. If you spend all of your time worrying about a bubble or a crash, you’re going to miss out.
Was there ever really a doubt AI would evolve into a parabolic bull market anyways?
This is the most transformative technology ever created with multi trillion dollar companies pouring hundreds of billions into the infrastructure required to support and advance it.
Look at what’s actually happening.
Earnings growth is exploding and new products are being released at a ridiculous pace. AI agents are nearly building full businesses and products, writing code, analyzing data, and completing tasks that used to require entire teams of people. Then you have physical products like autonomous vehicles, autonomous drones, robotics, humanoids, etc. being developed simultaneously.
On top of that, you have new energy sources being created because there’s just not enough energy to support all of this.
This is an economic rebuild. The world will never be the same.
That’s why this market has been so powerful, the largest companies in the world are in an arms race to secure compute, energy, chips, talent, models, distribution, and infrastructure.
There will be corrections and shakeouts along the way but the macro direction of this market is obvious…
Higher.
If you’re not already in the subscriber chat, I strongly suggest paying attention to it.
This is where I post a daily thread with my thoughts on the day ahead, relevant headlines and macro events, my main focus names, notable upgrades and downgrades, and anything else I’m watching.
The chat itself has basically become a live market group chat. We have a ton of smart people sharing ideas, setups, headlines, and observations throughout the day, and there’s a lot of genuine alpha being passed around.
I honestly think it might be one of the most (if not the most active) subscriber chats on Substack.
This is also where I post new position threads and walk through the thesis behind each trade, including what I’m seeing, why I’m entering, my risk level, etc.
Come join us.
I want to quickly mention that I’m planning on making a new long term investment over the next few weeks. I’m still doing some final research, but have narrowed my short list down to a few names.
I don’t make long term investments often, I’ve only made two this year. But when I do, I make them count…
In addition to some of the recent big trades including ARM, DELL, MRVL, CRCL, etc. I’ve alerted subscribers to two long term investments this year.
INTC in the $30s (thesis + alert on the day of purchase here)
RDDT in the $130s (thesis + alert on the day of purchase here)
I don’t just buy anything at any price.
For me to make something a long term investment, I need to see a combination of valuation disconnect, misunderstood upside, improving or exceptional fundamentals, and a major theme + narrative that I believe can compound over time.
More on that soon.
In the remainder of this article I’m going to discuss the highly anticipated Cerebras IPO and how I plan to play it along with numerous second order beneficiaries and sympathy names.
I’ll also cover a massive energy headline that went under the radar, one that could have a major impact on two hidden energy names that still haven’t seen big advances yet. In addition, I’m going to get into my favorite AI infrastructure name that hasn’t participated in this rally yet, my other favorite charts and setups for the week ahead, the overall market, my trading portfolio + current positions, and much more.