Chi — Week of April 25, 2026
Market Overview
As of April 24, 2026, the S&P 500 index closed at 7,165.08, reflecting a gain of 0.80% over the previous session, while the Nasdaq Composite settled at 24,438.50, up 1.5%. The market sentiment is cautiously optimistic, bolstered by positive earnings reports and investor interest in technology stocks. Inflation remains a concern, with the latest rate reported at 3.3%, and the Federal Reserve's interest rates are currently at 3.69% for 1-year instruments, indicating a tightening monetary policy. Investor focus is on upcoming earnings reports, which may influence market trajectories in the near term.
Long Picks
NVIDIA Corporation NVDA
Technical Setup
Strong bullish momentum with price well above key moving averages (50-day and 200-day). RSI around 65 indicating room to run without being overbought. Consistent higher highs/lows in the AI-driven uptrend.
Fundamental Driver
Dominant leader in AI accelerators with ~80-90% market share in data center GPUs. Explosive revenue growth from data centers (>100% YoY in recent quarters), successful ramp of Blackwell platform, expansion into full-stack AI software and networking. Exceptional margins and cash flow.
Analyst Detail
Core long argument: NVIDIA remains the clearest pure-play beneficiary of the global AI infrastructure buildout. Demand for training and inference chips continues to exceed supply, with new verticals providing a multi-year growth runway. Valuation is justified by 60%+ revenue growth trajectory into 2027. Earnings release expected ~May 20, 2026, is a major positive catalyst as consensus expects another beat-and-raise driven by data center strength. No other material events scheduled in the immediate window.
Advanced Micro Devices, Inc. AMD
Technical Setup
Powerful uptrend with stair-step higher pattern. Price breaking to new highs on strong volume; MACD bullish crossover intact.
Fundamental Driver
Gaining meaningful share in AI GPUs and data center CPUs. Strong portfolio in MI300/MI350 series accelerators, EPYC server chips, and recovering PC market with Ryzen AI processors.
Analyst Detail
Core long argument: AMD is effectively executing its multi-year AI catch-up story, taking share from Intel and NVIDIA. Data center revenue is accelerating into 2026, supporting 30%+ top-line growth. Valuation remains reasonable relative to growth. No major earnings expected in the near term, but continued momentum is anticipated through product launches.
Short Picks
Walgreens Boots Alliance, Inc. WBA
Technical Setup
Stock trading near multi-year lows with weak momentum. RSI neutral-to-bearish around 45-50.
Fundamental Driver
Ongoing decline in same-store sales and significant debt load signal fundamental weakness.
Analyst Detail
Core short argument: Walgreens faces secular headwinds with an accelerating shift to online and margin compression. Recent restructuring has not stemmed sales declines, and valuation does not reflect likely further downside to earnings. No positive catalysts expected in the near term.
Intel Corporation INTC
Technical Setup
RSI elevated in the 70-78 range indicating overbought conditions. Recent sharp rally shows potential bearish divergence on momentum indicators.
Fundamental Driver
Persistent losses and high capex pressures continue to impact margins and balance sheet. Negative earnings revisions and stretched valuation despite recent earnings beat.
Analyst Detail
Core short argument: Intel's long-term competitive position is eroding due to manufacturing delays and unsustainable losses. Valuation remains elevated relative to declining trends in PC and server markets. Analyst consensus points to downside potential. No major near-term catalysts expected.