$Cerebras Systems(CBRS)$ Where did all the bearish talk go? Going against a strong conviction tech pick from Cathie Wood feels more like a road to losses.
$Applied Optoelectronics(AAOI)$ The updated average analyst price target is $151, with the high target at $220. The entire AI space really needed this pullback. I'm leaning towards the view that this sets up for the next leg higher.
$Applied Optoelectronics(AAOI)$ When shorts pile in and trumpet doom and gloom, it usually means they're getting nervous and the pullback is losing steam. All that noise is mostly because there don't seem to be any near-term catalysts on the horizon. That is, until the next order or contract becomes public knowledge. Any number of positive news items could drop at any time. This thing oscillates a lot based on day-to-day sentiment, but let's see where we end up this week.
$SPDR S&P 500 ETF Trust(SPY)$ Interesting. There was a comment from one of Trump's GOP representatives about Iran having a choice to make over the coming weeks. So the rally from 630 was based on the expectation that the Strait would open by the end of April. All the major banks had estimated a global recession was certain by year-end if it wasn't opened by June. Now the market is rallying, AI is hot. But does the Strait closing really not affect the economy? During rallies, there might be a need to adjust allocations in retail and 401k accounts. It seems retail is going along with it, which works for them. I'm looking at 830 by year-end.
$Applied Optoelectronics(AAOI)$ The equity offering is for the money raised to be used for corporate purposes like debt repayment. The management is being smart to raise funds for operations at this time. The shorts might be salivating, but any drop in price would be a good time to accumulate in my opinion.