Trade Alert: The AI Macro Theme Is Intact

Another AI/compute name hits our top ten—and our Market Watchers X list. Plus, a bullish bet on another biotech.

Another Sign the AI Macro Theme Is Intact

One of the names our Market Watchers X list has been circulating recently also appeared in Wednesday’s Portfolio Armor Top Names, and that overlap usually tells us something meaningful about where the market’s attention is shifting.

In this case, it reinforces the point we made last week after NVDA 0.00%↑ , POWL 0.00%↑ , and DY 0.00%↑ reported: the AI macro theme is alive and well, even if the broader tape felt heavy last week.

The market appears to have resumed rewarding companies tied directly or indirectly to AI infrastructure—especially those at the intersection of power, compute, and scale.

Today’s Top Names trade focuses on one of those companies. The options market is still offering an attractive way to position with defined risk, harvest rich short-dated implied volatility, and keep upside open after the next catalyst window.

Continuing Our Biotech Theme

One of the top biotech analysts on my Multibaggers list just moved a long-duration idea into “high-conviction” territory after strong CHOPIN data and a buyback announcement, and options activity has started to reflect growing interest in the name. We’re going to use an options structure with uncapped upside for this asymmetric opportunity.

Details below.

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Today’s Top Names Trade