AI Meltup Is Real: ARM +15.7%, NVDA +6.3%, and Berkshire Just Bet $10B on Google
Eight straight green days on the S&P, a standing ovation for a cancer drug, and Warren Buffett doing his best tech bro impression
Ticker Ratings
| Ticker | Rating | Entry Price | Current | $ Gain | % Gain |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | buy | $223.92 | — | — | — |
| ARM ARM HOLDINGS PLC /UK | buy | $414.00 | — | — | — |
| INTC INTEL CORP | sell | $108.60 | — | — | — |
| QCOM QUALCOMM INC/DE | sell | $228.46 | — | — | — |
| GOOGL Alphabet Inc. | buy | $373.51 | — | — | — |
| AVGO Broadcom Inc. | buy | $472.43 | — | — | — |
| CSCO CISCO SYSTEMS, INC. | buy | $122.00 | — | — | — |
| HPE Hewlett Packard Enterprise Co | buy | $60.18 | — | — | — |
| DELL Dell Technologies Inc. | buy | $475.75 | — | — | — |
| SNOW Snowflake Inc. | buy | $277.03 | — | — | — |
| RTX RTX Corp | buy | $174.76 | — | — | — |
| MGM MGM Resorts International | buy | $50.54 | — | — | — |
| CRM Salesforce, Inc. | buy | $208.00 | — | — | — |
| OKTA Okta, Inc. | hold | $138.03 | — | — | — |
| MDB MongoDB, Inc. | buy | $401.01 | — | — | — |
| BOX BOX INC | buy | $28.92 | — | — | — |
Let's set the scene: S&P 500 closes higher for an eighth consecutive session near 7,600, $NVDA rips 6.3% on the RTX Spark Superchip announcement, and $ARM closes up 15.7% hitting a new intraday record on the Nvidia partnership — while $INTC and $QCOM get unceremoniously dumped 4.6% and 8% respectively. The PC market just got Nvidia'd, and it shows.
Meanwhile, Warren Buffett apparently decided 'boring value investing' was a 2023 personality. Berkshire is now sitting on over $30 billion in $GOOGL, including a fresh $10 billion private placement as part of Alphabet's $80 billion equity raise to fund AI infrastructure. When the Oracle of Omaha starts cosplaying as a venture capitalist, the market takes notes. Dan Niles on CNBC called agentic AI a 'new demand wave' with token production growing 130% in two months — and still has $NVDA as his largest position. Fundstrat flagged the $2 trillion IPO calendar (SpaceX, Anthropic, OpenAI) as a genuine risk factor for H2, but even that warning came wrapped in a shrug emoji.
If the bull market ever needs a theme song, this week handed it one — somewhere between a standing ovation for $RVMD's pancreatic cancer data and Cisco's CEO describing a 'networking supercycle.' The rotation is real, the breadth is questionable, and the FOMO is fully priced in.