$Invesco QQQ(QQQ)$ Milton Berg mentioned that the panic at Leopold Ashenbrenner's former AI hedge fund, "Situational Unawareness," was already obvious by late July 2026. But to me, the aftermath also looks like a clear opportunity for AI bulls. The comparison being drawn is 1998 LTCM to 2026 Situational Awareness. The thinking is that AI bulls could have a runway until 2028, based on the 18-month blowoff top in internet infrastructure during the 1998-2000 final stage. $NEBIUS(NBIS)$ $Bloom Energy Corp(BE)$ $SPDR S&P 500 ETF Trust(SPY)$ $NVIDIA(NVDA)$
$NEBIUS(NBIS)$ If we can close the week above $250, I'd say that was a solid week. $276 is the level to clear for new highs, though there might be some sideways action before that happens. Institutions have been adding shares, and the setup looks like it could get stronger heading into autumn.
$Cipher Mining Inc.(CIFR)$ This looks like the cheapest data play by a long shot. When the shorts cover, it could happen fast. The right catalyst would really send it.
$CoreWeave, Inc.(CRWV)$ Earnings and the call were both really strong. If NBIS delivers something similar tomorrow, the whole sector could go wild. Really hoping everything goes well with the NBIS numbers.
Even with the broader market feeling heavy from geopolitical tensions related to the Iran situation, $NEBIUS(NBIS)$ is holding up pretty well. I noticed some big options trades that seem to be leaning bullish.
$NEBIUS(NBIS)$ US financial heavyweights have committed $500B in financing to Jensen for AI data centers. It feels like we might still be in the early innings of the biggest Industrial Revolution in history. Hard to see any logic in shorting this market right now.