P&L (7 July 2026)
BLOODBATH ONCE AGAIN FOR CHIPS, SEMICONDUCTORS, SPACE, DEFENSE GOD KNOWS HOW MANY SECTORS IN THE NASDAQ-100, S&P 500 AND DOW JONES.
$NVIDIA(NVDA)$ $Broadcom(AVGO)$ $Rocket Lab USA, Inc.(RKLB)$ $Ondas Holdings Inc.(ONDS)$
It was another brutal session across the semiconductor landscape, with aggressive selling hitting global chip stocks hard regardless of their actual fundamentals. Even strong earnings indicators from global tech leaders couldn't stop macro anxieties and localized market panic from triggering a widespread retreat, dragging down portfolios across the board. While watching the P&L bleed in the short term is never fun, these massive market flushes are usually driven by emotional momentum rather than a breakdown in the structural, long-term demand for advanced AI hardware.
Instead of sitting on my hands, I looked at the sea of red as a premium discount and bought more $Marvell Technology(MRVL)$ today. Given their critical position in data centers, custom silicon, and essential optical interconnect infrastructure, Marvell is simply too high-quality of an asset to be dumped in a sector-wide panic. This broad market sell-off won't last long, and expanding core positions while the market overreacts is exactly how you set yourself up for the next major leg up.
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