Weekly Market Report 5/24/26
Robotics chips, government backed bottleneck, lagging AI infrastructure, my trading account, and more.
The market continues to party on like it’s the 90s.
Another week, another all time closing high. If anything has been made clear over the past few years, it’s this:
It pays much more to be an optimist rather than a pessimist in the market.
Statistically, stocks are more likely to go up vs. down. Just look at an all time chart of the NASDAQ or S&P 500. Add in a transformational technology like AI and this statistic is skewed even further.
Sure there will be pullbacks but looking at things through a “market/world is doomed” lens just isn’t the way to approach the market outside of the once every 20 year financial crisis.
One could view this AI fueled bull market as a bubble, scam, etc. and sit on the sidelines. Or one could view this as the most transformational technology in history and participate.
One could focus on the situation in Iran, midterms, the labor market, debt, etc. Or one could focus on the increasing productivity, new technology, profits, earnings, etc.
Noise will always be there, but the charts and history don’t lie.
Over the long term, stocks go up.
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.
I also recently published my latest thematic primer.
The Robots are Coming 1.0 (link here).
In this one I discussed why robotics could become one of the biggest market themes of all time, how AI is beginning to move beyond the browser and into the physical world, which companies are best positioned to benefit, the names I own, and the names I’m looking to get positioned in.
I see a lot of robotics watchlists that focus only on the momentum names with horrible fundamentals but in reality, there are numerous high quality robotics stocks in the market today. They’re just hidden. Diamonds in the rough, if you will.
That’s what I tried to focus on in this primer: finding the real companies with real exposure and fundamentals before the theme becomes obvious to everyone else…
In the remainder of this article I’m going to discuss the OpenAI IPO and how you can play this major opportunity, the one lagging semiconductor company nobody is talking about with major ties to robotics, two AI infrastructure stocks that haven’t participated in this rally to the extent I’d expect but could start to catch up, a monstrous monthly base in the robotics + autonomy winner, a name with both government and mega cap backing setting up in a big base, my favorite charts, my trading account, the overall market, and more.