The analyst holds a high conviction long position in multiple AI-related stocks despite recent significant price declines, planning to keep them for the foreseeable future.
The analyst notes that many high conviction AI names are down significantly but plans to keep holding them, indicating confidence in their long-term value. They also observe an inverse correlation between semiconductors and software stocks, relevant for short-term swing trades.
If you wanna feel more at ease: Many of my high conviction AI names are down significantly today. $NBIS: -17.1% $GLW: -13.6% $AEHR: -12.1% $ALAB: -10.8% $MU: -10.6% $SNDK: -10.6% $LRCX: -9.7% $INTC: -9.0% $MRVL: -8.7% Just for a small subset of names that I hold, and plan to keep for the forseeable future. Nice to see them get kinda offset by $META, and software type names like $RDDT and $NOW though which I hold a decent chunk of. Also, it's pretty interesting to see the inverse correlation between semis and software recently. Defo something to note if anyone else takes short-term swing trades too.
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | -9.8% | -9.7% |
| 1 week | -14.8% | -14.8% |
| 1 month | -31.1% | -31.2% |
| 3 months | — | — |
| 6 months | — | — |