Chi — Week of July 12, 2026

(1) Core long argument: Explosive secular demand for memory in AI servers (especially HBM3E) positions MU for multi-year outperformance. With data center capex from hyperscalers (NVIDIA ecosystem, etc.) continuing unabated, MU's margins are expanding rapidly and it is gaining share in a supply-constrained market. (2) Near-term catalyst schedule: No major events (earnings, product launches, or regulatory decisions) scheduled in the next 10-15 trading sessions; the next earnings is not until late September 2026. This is neutral to the thesis and provides a window for continued momentum without immediate binary risk. (3) The stock has not moved more than 10% in the past 5 trading days (recent daily changes ~1-2%); current levels near $980 represent an attractive entry even after the massive 2026 YTD run-up given upward revisions to consensus targets and undiminished AI tailwinds.

(1) Core long argument: TSM is the indispensable manufacturer for the AI boom with near-monopoly on leading-edge capacity. Strong 2026 capex plans (~$56B) and raised guidance confirm accelerating growth from AI, HPC, and smartphone recovery. Valuation remains reasonable relative to growth (forward P/E ~25x on 25%+ EPS CAGR), supporting multiple expansion over 1-3 months. (2) Near-term catalyst schedule: Earnings release is confirmed for July 16, 2026 (before market, within next 3 trading sessions). Strong beat-and-raise expected on AI demand; this event strongly supports the bullish thesis. No other material events (ex-div, launches, regulatory) noted in the window. (3) The stock has not moved >10% in the past 5 trading days (recent trading range-bound after June peak); the pre-earnings dip creates a compelling entry point with limited downside given sell-side targets and momentum.

(1) Core long argument: PLTR is the clear software winner in enterprise AI deployment with its ontology-based platform enabling rapid time-to-value. Explosive commercial acceleration (U.S. commercial revenue guidance raised to >120% growth) combined with sticky government contracts creates durable high-teens growth at expanding margins. Current valuation, while elevated, is justified by 70%+ revenue CAGR through 2027 and path to meaningful FCF. (2) Near-term catalyst schedule: Q2 earnings expected around August 3, 2026 (approximately 15 trading sessions from July 12); anticipated beat-and-raise on commercial momentum should act as a positive catalyst supporting the long thesis. No other material events in the immediate window. (3) Stock pulled back from 52-week highs but has not moved >10% in either direction over the most recent 5 trading days; the current price offers a sound entry amid ongoing commercial traction and upward analyst revisions.