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Markets are at all-time highs, oil is staying above $100, and volatility is no longer lurking around the corner. So naturally, many investors are frozen on the sidelines waiting for the "obvious" pullback, and the other half are buying anything with "AI" in the ticker like it's 1999 with better graphics. Both groups are about to learn an expensive lesson.

Here's the tension nobody wants to talk about: the AI trade is still very much alive, but the leadership underneath it is quietly rotating.

Money is moving into energy, software, memory, industrials, and parts of the market that have been napping for two years. If you're only watching the Magnificent 7, you're missing where the next leg of returns is actually setting up.

This week, I posted 2 videos on YouTube breaking down how to diversify without abandoning the AI thesis, which sectors are catching real bids, and one screener you can use to find undervalued companies when the markets are still ripping to all-time highs. Check out the latest videos this week on youtube@chartequity Now, let's get into this week's news.

Now let's dive in.

In The News

cnbc.com

The AI chip rally has expanded well beyond Nvidia, with Micron up 80%, Intel up 85%, and SanDisk up 52% in just a month. A shift toward 'orchestration' architecture is driving demand for CPUs, memory, and networking gear, meaning memory makers and design software firms like Cadence and KLA could be the next big winners.

cnbc.com

AI spending estimates for 2026 have nearly doubled to $725 billion, and all that compute needs massive electricity. Natural gas and solar suppliers are seeing sold-out order books, and lesser-known power plays like Hut 8 are positioned to ride the buildout alongside the megacap tech names.

cnbc.com

Wedbush's Dan Ives says software stocks remain in the 'winners circle' of the AI trade. For investors, that means names like ServiceNow, CrowdStrike, and Nvidia still have room to run as AI adoption broadens.

Sector Highlights

Photonics

Photonics had its moment this week, and POET Technologies was the poster child. The stock (which makes light-based chips for AI data centers) rocketed to nearly 390% above its 52-week low before traders started ringing the register today.

Here's the catch: POET's actual revenue is still tiny, and the only two analysts covering it think the stock should trade way lower. This is a trader's playground, not a sleep-well-at-night investment, and the swings can flip on a single headline.

Watch the next earnings print. Real revenue will either justify the hype or pop the balloon.

Software

Software is having one of those weird in-between weeks where the AI hype cooled off but the fundamentals keep screaming. I put Palantir through our new stock audit engine (seriously, go try it) and it scored High. This is one I missed on the way up, and now it's pulled back into what feels like buy territory again for me.

Here's what matters: revenue is still growing 84.7% year over year, which is bonkers for a company this size. The software movement is shifting, and Palantir is back on my watchlist. Watch for a base to form before jumping in.

From Discord This Week

Quick heads-up from the trenches this week: I fired off four real-time buy and sell alerts inside our Discord. Not a recap video three days later, not a tweet after the move already happened. Members got them as I was making the calls. If you weren't in there, you missed all four.

Here's the deal with how I run things. The newsletter is the framework, the big-picture thinking, the why behind the moves. The Discord is where the actual trading happens in real time, alerts, setups I'm watching, the stuff that needs to hit your phone now. Link's at the bottom if you want in.

Stocks to Watch

DRAM ASYMMETRIC BET

Asymmetric Bet: DRAM, the lazy way to play the memory boom.

Memory chips are having a moment, and instead of betting the farm on a single stock like Micron, this ETF spreads your chips (pun intended) across the big players: Samsung, SK Hynix, Micron, and the rest of the gang. It's basically a basket of "the world needs more memory for AI" without the heart attack of picking the one winner.

The kicker? DRAM has nearly doubled since April and is pulling back today, which puts it squarely on the watch list. Risk: if AI capex cools or memory pricing rolls over, this whole sector takes a hit together.

But if the AI buildout keeps eating chips at this pace, a diversified memory bet could be the easiest "smart" trade of the year.

MSFT GROWTH PICK

Growth Pick: Microsoft (MSFT) — When Ackman buys the dip, you pay attention.

I covered Microsoft in my latest video right before the news broke that Bill Ackman's Pershing Square built a position. His thesis is simple: the recent pullback gave him a rare shot at one of the most dominant tech franchises on Earth at a price that actually makes sense. The stock sits well off its highs, which is unusual for a business this entrenched.

Here's what makes the setup interesting. Microsoft is growing revenue in the high teens at a $280B+ scale, which is absurd, and it keeps roughly 39 cents of every dollar as profit. Cloud, AI, enterprise software, gaming, it all compounds.

If a legendary investor sees a bargain here, it's worth understanding why.

Charter Member Access

Pro members got the keys to the Audit Engine this week, and it's a real one. Punch in any ticker and it runs the full Stock Audit across all six modules: fundamentals, growth, valuation, competitive moat, risk, and catalysts (as covered in our course). What used to take me a full evening of digging now takes about the length of a coffee break. Pro folks have been stress-testing it all week.

If you've ever stared at a stock and thought "I have no idea where to even start," the Audit Engine is built for exactly that moment. You also get sector deep dives, daily morning briefs, courses, and the Discord crew. No hard sell here. If it sounds useful, the door's open. Join at chartequity.com → Pro.

• Full stock audit engine access
• Unlimited Stock Analyzer
• Full Discord community access
• See my full portfolio, buys and sells, and my top 10 picks

That's all for this week. See you next time.

Joey
ChartEquity

This newsletter is for informational purposes only and does not constitute investment advice. All information is provided as-is without warranty. Past performance is not indicative of future results. Investing involves risk, including the potential loss of principal. ChartEquity is not a registered investment advisor.

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