We saw HEAVY dip buying during yesterday’s Tech rout. - Biggest 1D inflow to $Invesco QQQ(QQQ)$ since 2021- Record inflows to $NVIDIA(NVDA)$ with 88% BUY orders- Record inflows to leveraged ETFs $ProShares UltraPro QQQ(TQQQ)$ $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ $Direxion Daily Small Cap Bull 3x Shares(TNA)$ Imageill Semis close the valuation gap? $Philadelphia Semiconductor Index(SOX)$ $VanEck Semiconductor ETF(SMH)$ $NVIDIA(NVDA)$

With the $Invesco QQQ(QQQ)$ sinking -3% following the DeepSeek breakthrough, we are seeing a clear shift towards AI Software today. CEOs surveyed by BofA prefer the below Back Office SaaS vendors for AI most: $Workday(WDAY)$ +3% $Asana, Inc.(ASAN)$ +9% $Alarm.com(ALRM)$ +2% $Zoom(ZM)$ +2% $Monday.com Ltd.(MNDY)$ +1% $BILL HOLDINGS INC(BILL)$ +1% $ServiceNow(NOW)$ +2% $Twilio(TWLO)$ +2%Image

The 5 industries talking about AI the most:👇👇👇1.) Software2.) Tech Hardware 3.) Semis 4.) Commercial Services 5.) Media & Entertainment $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $iShares Expanded Tech-Software Sector ETF(IGV)$ $Technology Select Sector SPDR Fund(XLK)$ $Philadelphia Semiconductor Index(SOX)$ $VanEck Semiconductor ETF(SMH)$ $Energy Select Sector SPDR Fund(XLE)$ ImageThis is what I posted earlier：Software, Semis, Energy, and Utilities are seen as the 4 biggest beneficiarie

A list of preferred AI Infrastructure vendors, according to CEOs surveyed by BofA: 👇👇👇 $Alphabet(GOOG)$ $Alphabet(GOOGL)$ $Amazon.com(AMZN)$ $Microsoft(MSFT)$ Big drop off… $Oracle(ORCL)$ $GitLab, Inc.(GTLB)$ $Datadog(DDOG)$ $Dynatrace Holdings LLC(DT)$ $Confluent, Inc.(CFLT)$ Image

ETF shorts are up +24% over the last month, the fastest pace of shorting since the Feb ‘21 Meme Stock frenzy. Today’s CPI gap up is looking like the start of a larger short squeeze. $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $iShares Russell 2000 ETF(IWM)$ ImageSmall Cap positioning among Fund Managers is currently at historic lows. Everyone is crowded into the Mega Caps. $E-mini Russell 2000 - main 2503(RTYmain)$ $iShares Russell 2000 Growth ETF(IWO)$ $SPDR S&P 500 ETF Trust(SPY)$ $I

$GeneDx Holdings(WGS)$ - HUGE breakout in this Small Cap AI Genomics name. Approaching +200% gains here!Historically, Small caps outperform when the Fed starts to ease. If we are indeed entering a sustained Bull Run for Small caps, fortunes will be made owning the right stocks. Image13 of the last 14 January’s have seen Hedge Funds add gross leverage 👇👇This is the most bullish time of year for capital flows. $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $GLOBAL X DOW 30® COVERED CALL ETF(DJIA)$ Image

$NVIDIA(NVDA)$ is up >800% since the release of ChatGPT.Yet, it’s STILL trading at a lower Fwd P/E today than it was when ChatGPT was released.The NVDA 8x rally has been driven entirely by earnings growth rather than multiple expansion.ImageThis is NOT what we saw during the Dot Com Bubble…Image