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Filtered library · Archetype

Cyclical recovery · 91 dossiers

Dossiers classified as Cyclical recovery — 91 names, each with its thesis, invalidation trigger and catalyst calendar.

All dossiers

SIMO

Silicon Motion Technology Corporation

MEDIUM

NAND-controller toll-booth on the steepest flash shortage in ~15 years: TrendForce H1 2026 contract +>100% cumulative, H2 still rising with no capacity adds. Q1 record +105% YoY, sell-side chasing to $400/$450. Fundamental leg…

Cyclical recovery ai-chips-memory m-and-a-special-situations
catalyst ·

AMD

fresh

Advanced Micro Devices, Inc.

LOW

MI450/Helios rack-scale plus EPYC agentic-CPU narrative drove ATHs near $561.80 (7/1), but the July target cluster ($600 BNP, $620 BofA, $725 high) is arriving into a falling tape 20-day MA lost 7/8, chip-led Nasdaq selloff 7/17, sentiment…

Cyclical recovery ai-chips-memory ai-datacenter-infrastructure
catalyst ·

DELL

fresh

Dell Technologies Inc.

LOW

Enterprise AI-server rebuild intact fundamentally (+757% YoY AI-server revenue), but the tape broke: 2026-07-15 reversed 13% from near-record high to $397 as the memory complex and SMCI sold off. Lower high vs the $475.40 ATH, momentum…

Cyclical recovery ai-datacenter-infrastructure
analysed ·

MU

fresh

Micron Technology, Inc.

LOW

HBM scarcity intact SK Hynix sees shortage into the next decade, Qualcomm/Hyundai auto deals signed 2026-07-16, US push to ban Chinese memory but the tape broke: SOXX −18.6% in July, worst month since 2008, and the $854.50 shelf failed. At…

Cyclical recovery ai-chips-memory
catalyst ·

STX

fresh

Seagate Technology Holdings PLC

LOW

Maturing AI-storage supercycle with sell-side still chasing: Wells Fargo upgrade to Overweight $1,100 (7/10) and Citi Street-high $1,240 (7/13). But the DRAM ETF is down ~30% and Seagate's Q4 FY26 print ~2026-07-22 is a binary about two…

Cyclical recovery ai-chips-memory networking-optical
catalyst ·

WDC

fresh

Western Digital Corporation

LOW

The AI memory/storage supercycle that re-rated WDC has flipped from accelerating to breaking: the DRAM ETF is down ~30% in under a month (2026-07-13), CXMT's $10B Shanghai IPO (2026-07-15) plus SK Hynix/Samsung supply signals revived…

Cyclical recovery ai-chips-memory
catalyst ·

AEHR

fresh

Aehr Test Systems

HIGH

Q4 FY26 (2026-07-14) beat at $0.11 adj EPS vs $(0.01) est, but the re-rating driver is the FY27 revenue guide of $130-150M vs $85.1M consensus a 53-76% blowout that compresses ~65x trailing sales to ~15x forward. Stock gapped +29% to ~$93;…

Cyclical recovery semi-foundry-equipment ai-chips-memory
catalyst ·

ASML

fresh

ASML Holding N.V.

HIGH

EUV-monopoly narrative accelerating through the cleared 2026-07-16 Q2 binary: the guided-down quarter drew same-day target raises to $2,100–$2,500 (JPM, Wells, RBC), and ASML is pushing equipment price increases through TSMC resistance…

Cyclical recovery semi-foundry-equipment ai-datacenter-infrastructure
catalyst ·

AVGO

fresh

Broadcom Inc.

MEDIUM

July recovery read failed: SOXX -18.6% MTD (worst month since 2008) with Apple's $30B deal, a record $7.1B ETF inflow and TSMC's record Q2 all sold into. Backlog intact, tape distributing theme now MATURING, and the four hyperscaler capex…

Cyclical recovery ai-chips-memory ai-datacenter-infrastructure
catalyst ·

LITE

Lumentum Holdings Inc.

MEDIUM

Optical-AI picks-and-shovels leader: the post-print -8.45% sell-the-news fully reversed and LITE led the tape to fresh records into June. Theme still ACCELERATING with cluster confirmation, but the 2026-06-09 cohort crater (Marvell -12%,…

Cyclical recovery networking-optical
catalyst ·

AAOI

fresh

Applied Optoelectronics, Inc.

LOW

Parabola fully broken: ~$101.58 on 2026-07-18 is -57% from the $233.67 high, and the $150 shelf that defined the uptrend is long gone. Fundamentals still accelerating (FY26 guide >$1.1B) but insiders sold ~$17M into the top and the…

Cyclical recovery networking-optical ai-datacenter-infrastructure
catalyst ·

AMSC

American Superconductor Corporation

LOW

Grid/advanced-conductor supplier to data-center and utility power; backlog still +40% YoY (~$280M), but the tape kept breaking after the 2026-05-28 beat-and-soft-guide and a late-June Russell index removal piled on passive selling. Now…

Cyclical recovery industrial-power-grid
catalyst ·

AXTI

fresh

AXT Inc

LOW

InP substrate supplier one layer upstream of AI optical interconnect fundamentals still accelerating on the 7/2 Coherent master supply deal ($22.29M prepay) and $100M backlog, but the tape has round-tripped >50% off the $143 ATH toward the…

Cyclical recovery semi-foundry-equipment networking-optical
catalyst ·

TSEM

Tower Semiconductor Ltd.

LOW

Optical-foundry leg re-rated on the 2026-06-18 5M-coherent-PIC Marvell shipment and 2026-06-15 IQE InP deal, but both are digested, sell-side re-rated to $300–335 on 2026-05-14, and no company catalyst lands before the ~early-August Q2…

Cyclical recovery semi-foundry-equipment
catalyst ·

SNOW

fresh

Snowflake Inc.

HIGH

The June digestion resolved upward, not downward SNOW cleared the ~$244 June high and printed a fresh 52-week high at $284.99 before settling at $268.90 (2026-07-17). Q1 FY27 product revenue re-accelerated to +34% and the street is still…

Cyclical recovery ai-enterprise-software
analysed ·

LRCX

Lam Research Corporation

MEDIUM

AI-memory capex cycle re-accelerating: Lam's March-qtr beat (rev $5.84B, +24% YoY) plus Micron's blockbuster late-June print confirm the WFE order read-through, and 2026 WFE was lifted to ~$140B. But it's up ~119% YTD at mid-50x trailing…

Cyclical recovery semi-foundry-equipment ai-datacenter-infrastructure
catalyst ·

VRT

fresh

Vertiv Holdings Co

MEDIUM

Liquid-cooling/datacenter-power bottleneck story intact and the theme is still accelerating, but the stock's own revision cycle flattened RBC trimmed its target to $418 on 07-16 and Baird initiated below street-high at $370. The…

Cyclical recovery ai-datacenter-infrastructure industrial-power-grid
catalyst ·

COHR

fresh

Coherent Corp.

LOW

The optical-interconnect leg has rolled over: COHR is ~-35% from its 2026-06-02 closing ATH of $426.89 to $277.60, with the whole photonics basket (AAOI, LITE, FN) taking repeated 8-17% down days since May. Fundamentals still compound…

Cyclical recovery networking-optical
catalyst ·

GLW

fresh

Corning Incorporated

LOW

Optical/AI-infrastructure demand is intact (Q1 Optical +36% YoY, Amazon/Meta/Nvidia agreements) but the price structure broke: all-time high $271.78 on 2026-06-30 to $154.61 on 2026-07-17, a 43% drawdown on heavy volume with CEO-level…

Cyclical recovery networking-optical
catalyst ·

NVDA

fresh

NVIDIA Corporation

LOW

July killed the falling-wedge breakout: SOXX fell 18.6% (worst month since 2008) and 19.95% vs IGV (worst on record), Apple retook the market-cap crown, and Kimi K3 re-opened the compute-efficiency question. Earnings estimates held the…

Cyclical recovery ai-chips-memory
analysed ·

ONTO

fresh

Onto Innovation Inc.

LOW

June breakout fully round-tripped: ATH $386.46 (6/30) to $279.85 (7/17), now below the 50-DMA at $294.49. The tell is non-participation TSMC raised capex to $60-64B and ASML guided up twice on 7/15-16, and ONTO closed the week at its…

Cyclical recovery semi-foundry-equipment freight-logistics
catalyst ·

TSM

fresh

Taiwan Semiconductor Manufacturing Company Ltd.

LOW

Q2 (7/16) beat on every line $40.20B rev +33.7% YoY, 67.7% GM, FY26 guide lifted to >40% growth yet the tape punished the capex raise to $60–64B and the 3–4pp 2nm margin dilution, driving the worst selloff since 2022 and a two-month low.…

Cyclical recovery semi-foundry-equipment ai-chips-memory
catalyst ·

MRX

fresh

Marex Group plc

HIGH

Roll-up compounder in clean momentum continuation: the sell-side is now chasing price, with KBW $80, Barclays $76 and Piper $75 targets (Jul 9-15) leapfrogging the old $60 consensus, while the Bright Point clearing bolt-on (2026-07-09)…

Cyclical recovery m-and-a-special-situations critical-materials-rare-earths
catalyst ·

NET

fresh

Cloudflare, Inc.

HIGH

Agentic-AI trust-layer breakout confirmed and extending: NET holds above its reclaimed $256.79 ATH while the target cluster ran from $230–280 to $300–322 in eleven days (MS $322 on 2026-07-17) and market cap hit $101.16B. Cyber cohort…

Cyclical recovery cybersecurity ai-datacenter-infrastructure
catalyst ·

AAON

AAON, Inc.

MEDIUM

BASX data-center cooling re-rating (2026-05-07 Q1: rev +54%, FY guide doubled to 40-45%, backlog +107% to $2.13B) is still accelerating, but the repricing gap already fired, insiders sold into it, and the 2026-07-30 Q2 print is the next…

Cyclical recovery industrial-power-grid ai-datacenter-infrastructure
catalyst ·

ACMR

ACM Research, Inc.

MEDIUM

China WFE-localization plus a memory-capex rebound is re-accelerating ACMR's order book (new orders +65% YoY at the 2026-05-07 Q1 print); the stock broke to an all-time high $109.87 on 2026-06-18 on Roth's raised $125 target. Narrative…

Cyclical recovery semi-foundry-equipment ai-datacenter-infrastructure
analysed ·

ALAB

Astera Labs, Inc.

MEDIUM

AI rack-connectivity narrative now analyst-confirmed: BofA $450 / Stifel $460 / UBS $400 targets (late June) vacated the stale ~$253 average, arriving as the theme accelerates and semis rebound off the June Broadcom flush. Beta 3.96, and…

Cyclical recovery ai-datacenter-infrastructure ai-chips-memory
catalyst ·

AMBA

Ambarella, Inc.

MEDIUM

Physical-AI pure-play narrative accelerating: Rosenblatt named AMBA a top H2-2026 pick (2026-07-01, PT $120) and the stock ripped ~28-32% off the June flush, reclaiming $72 and breaking to ~$80. Hanwha's >$800M deal underwrites demand, but…

Cyclical recovery physical-ai-robotics ai-chips-memory
analysed ·

APH

fresh

Amphenol Corporation

MEDIUM

AI-interconnect picks-and-shovels narrative is price-confirmed: APH cleared the Jan $167.04 ATH with a $168.75 high (Jun 22) and drew a six-desk July 9–13 PT-raise cluster to $185–200. The July 29 Q2 print, and its book-to-bill, is the…

Cyclical recovery ai-datacenter-infrastructure semiconductors-analog
catalyst ·

ASX

fresh

ASE Technology Holding Co., Ltd.

MEDIUM

Advanced-packaging pricing power turned real quotes raised 20%+ (2026-07-01), 2026 capex hiked to US$8.5B, CoWoS-equivalent capacity tripling to 25k wpm but the tape topped at $45.51 the same day and sits ~15% lower at $38.82 inside a…

Cyclical recovery semi-foundry-equipment ai-datacenter-infrastructure
catalyst ·

ATEYY

fresh

Advantest Corporation

MEDIUM

AI test-intensity arms dealer with the fundamental backdrop improving (TSMC 2026 capex hiked to $60–64B on 2026-07-16, ASML raised twice) while the tape sold the news ADR is ~18% off the 2026-06-25 record after a -6.9% July 16 session. The…

Cyclical recovery semi-foundry-equipment ai-chips-memory
catalyst ·

BHE

Benchmark Electronics

MEDIUM

EMS arms-dealer to two secular ramps at once AI datacenter liquid-cooling (AC&C +41% YoY, Q1 CY2026) and the 2026-06-15 Ouster Rev8 lidar expansion (>100k units/yr, 10-yr life). Narrative accelerating, but the tape sits ~18% above the $78…

Cyclical recovery cyclical-industrials ai-datacenter-infrastructure
catalyst ·

BLZE

Backblaze, Inc.

MEDIUM

Neocloud storage pick-and-shovel confirmed: a five-year ~$335M CoreWeave B2 Neo contract (announced 2026-06-23) validated the white-label thesis and re-rated BLZE from the high-$7s to a fresh 52-week high near $18. Narrative accelerating,…

Cyclical recovery gpu-cloud-neoclouds ai-datacenter-infrastructure
catalyst ·

CEVA

CEVA, Inc.

MEDIUM

Edge-AI IP royalty narrative still accelerating: a 2026-07-06 custom-AI-silicon licensing deal and Stifel's 2026-07-10 raise to $50 stack three bulls above a ~$44 consensus as the stock presses its $51.25 52-wk high. Near $50, though, it…

Cyclical recovery ai-chips-memory physical-ai-robotics
catalyst ·

CLS

Celestica, Inc.

MEDIUM

AI-networking EMS picks-and-shovels story still intact after the 2026-04-27 Q1 blowout (rev +53% to $4.05B, FY26 guide raised to $19B), but structure broke ~21% off the $474 June high and now coils into the binary 2026-07-27 Q2 print where…

Cyclical recovery ai-datacenter-infrastructure megacap-ai-platforms
catalyst ·

CRDO

Credo Technology Group Holding Ltd

MEDIUM

Interconnect/AEC royalty narrative still accelerating, not fading new 52-week highs on late-June initiations (Evercore $325, Stifel $350, BofA $340) plus the early-July AI-buildout rally. But it's now mainstream and widely held, entering a…

Cyclical recovery networking-optical ai-datacenter-infrastructure
catalyst ·

CTOS

Custom Truck One Source, Inc.

MEDIUM

Utility T&D / grid-capex cycle with CTOS as the laggard specialty-rental picks-and-shovels name; the June breakout to $11.36 has stalled, retracing ~10% to retest the ~$10 shelf into a binary 2026-07-29 Q2 print. Theme now maturing and…

Cyclical recovery industrial-power-grid ai-datacenter-infrastructure
catalyst ·

FORM

FormFactor, Inc.

MEDIUM

Probe-card pick-and-shovel to the HBM4 test ramp; after a parabolic run to a fresh $160.27 ATH (2026-06-30) on Russell 1000 inclusion, the 2026-07-02 chip selloff cut FORM ~24% to ~$121. HBM inflection intact (record DRAM quarter, second…

Cyclical recovery semi-foundry-equipment ai-chips-memory
catalyst ·

ICHR

Ichor Holdings

MEDIUM

Memory-capex WFE subsystem re-rating accelerating: Stifel and TD Cowen both to $115 (2026-07-09/10) after B. Riley's $125, dragging the old $71 Street target up toward the stock as Lam/Applied/Aehr peers break out together. Entry chases…

Cyclical recovery semiconductors-analog freight-logistics
catalyst ·

KEYS

fresh

Keysight Technologies, Inc.

MEDIUM

Analyst-migration re-rate got a second leg with Morgan Stanley's 2026-07-13 upgrade to Overweight, PT $400 (implying spot ~$322–325), but news flow has gone silent since and the tape sits at ~28x forward with nothing scheduled until the…

Cyclical recovery networking-optical ai-datacenter-infrastructure
catalyst ·

MKSI

MKS Inc.

MEDIUM

AI-packaging/WFE picks-and-shovels re-rating: Q1 beat + FY guide raised to $4.79B, and the sell-side has now chased price with six PT hikes to $415–$600 (Jun 23–Jul 9), erasing the "above every analyst PT" cap. Theme ACCELERATING with…

Cyclical recovery semiconductors-analog semi-foundry-equipment
catalyst ·

MYRG

fresh

MYR Group, Inc.

MEDIUM

AI/datacenter power-buildout supercycle lifting grid/electrical contractors; MYRG confirmed it with a record Q1 and a late-June breakout to fresh ATHs (~$487) above the $484.71 shelf. Theme ACCELERATING + cluster-confirmed, but the Q2…

Cyclical recovery industrial-power-grid ai-datacenter-infrastructure
catalyst ·

PENG

fresh

Penguin Solutions, Inc.

MEDIUM

Q3 (July 7) broke the model wide open: revenue $478.7M vs $405.5M consensus (+48% YoY), EPS $0.84 vs $0.54, FY26 growth guide lifted 12%→22% and FY27 pre-guided ~30%. The stock then round-tripped from $89.86 to ~$60 on the $750M…

Cyclical recovery ai-datacenter-infrastructure ai-chips-memory
catalyst ·

QNST

QuinStreet, Inc.

MEDIUM

Auto-insurance carrier ad-spend recovery is reaccelerating: QNST revenue growth snapped from +2% YoY (fiscal Q2) to +28% (Q3, $346.1M), and the Q4 guide implies ≥34% revenue / ≥67% EBITDA growth. Stock just broke to 52-week highs on ~3x…

Cyclical recovery ai-enterprise-software
catalyst ·

SPXC

fresh

SPX Technologies, Inc.

MEDIUM

Data-center cooling fundamentals still accelerating (+70% DC guide, HVAC backlog $755.3M vs $451.3M) but price has round-tripped the entire June breakout $251.08 high to $211.73 on 2026-07-17, -10% in a month on macro and multiple…

Cyclical recovery industrial-power-grid ai-datacenter-infrastructure
catalyst ·

VCYT

fresh

Veracyte, Inc.

MEDIUM

Sell-side is now chasing a move it missed: VCYT broke to a 52-wk high $60.91 (closed $59.13 on 2026-07-17, +124% YoY) as Piper initiated Overweight $66 (07-15) and Canaccord lifted a Hold PT $42→$60. Fundamentals still accelerating (Q1 rev…

Cyclical recovery medtech-diagnostics oncology-immunology
catalyst ·

WLFC

Willis Lease Finance Corporation

MEDIUM

Aircraft engine-leasing supercycle spare-engine shortage plus MRO backlog holding lease rates >20% above 2019 drove WLFC's record Q1 (rev +23% to $194.3M, EPS $4.03 vs $3.02 est). Fundamentals still accelerating but the theme is maturing…

Cyclical recovery m-and-a-special-situations ai-chips-memory
catalyst ·

ACLS

Axcelis Technologies, Inc.

LOW

June memory/HBM semicap re-rating that carried ACLS to a $193.78 high has broken early-July profit-taking cut it ~15% below the June shelf and 50-day MA (~$160) to ~$135–143. FY2026 revenue still guided flat, so the remaining bull case…

Cyclical recovery semi-foundry-equipment ai-chips-memory
catalyst ·

AEIS

Advanced Energy Industries, Inc.

LOW

Datacenter-power picks-and-shovels re-rating has matured into mainstream coverage: the late-June upgrade wave (Wells Fargo bear-to-bull Overweight $465 on 07-01, Susquehanna Street-high $535 on 06-30) confirms the 800V HVDC rack story…

Cyclical recovery industrial-power-grid
catalyst ·

AGX

Argan, Inc

LOW

Listed pure-play gas EPC on the AI data-center power buildout theme ACCELERATING ($2.8B backlog, 4.1+ GW gas pipeline) but the stock blew off to an $805.75 ATH and has round-tripped the entire Q1 pop, closing $630.32 on 2026-07-10 and…

Cyclical recovery industrial-power-grid ai-datacenter-infrastructure
catalyst ·

AIP

Arteris, Inc.

LOW

Semiconductor-IP royalty re-accel is fundamentally intact (Q1 variable royalties +67% YoY, FY26 guide raised, fresh SiEngine/Li Auto auto wins), but the stock printed a $48.59 blowoff top (6/30) and reversed ~29% in a week, losing the ~$39…

Cyclical recovery ai-chips-memory
catalyst ·

ALGM

Allegro MicroSystems, Inc.

LOW

Analog/power-IC re-rate on the AI data-center power-attach story stays analyst-confirmed Mizuho PT $67 (6/29), TD Cowen $70 (6/22) after the record ~$60 print but the stock sits ~10% above the ~$54 consensus fair value, ~2x GF Value, is…

Cyclical recovery semiconductors-analog ai-datacenter-infrastructure
catalyst ·

AMAT

Applied Materials, Inc.

LOW

WFE toll-collector on the AI-silicon buildout best month since 1975 (+54%) and the most overbought reading in its history, with the sell-side PT cluster escalating to $740-900. Narrative still ACCELERATING, but the tape is parabolic and…

Cyclical recovery semiconductors-analog
analysed ·

AMKR

Amkor Technology, Inc.

LOW

Post-parabola OSAT laggard rebuilding under the $74-75 shelf after the 2026-06-16 TSMC 10-yr Arizona deal. Every catalyst since April has been sold (the beat -8.6%; the deal pop faded to -8.5% by 06-25), and the 2026-07-27 Q2 print is the…

Cyclical recovery semi-foundry-equipment ai-chips-memory
catalyst ·

AOSL

Alpha and Omega Semiconductor Limited

LOW

Post-parabola dormancy: the April–May "second-order AI power-semi" re-rate (~3x to $54.34) is fully realized, priced above the $30.50 consensus PT, with no fresh AOSL catalyst in five-plus weeks. Next binary is the ~early-August FY26-Q4…

Cyclical recovery ai-datacenter-infrastructure ai-chips-memory
catalyst ·

ARM

fresh

Arm Holdings plc

LOW

Royalty re-rate leg has broken: HSBC cut to Hold with a $315 target (7/14) behind New Street's 6/18 Neutral, price has retraced through the the published invalidation level post-Computex base and the June low to a $295.18 reference (7/13),…

Cyclical recovery ai-chips-memory
catalyst ·

AZZ

AZZ Inc.

LOW

Beat-and-raise fired 2026-07-08 Q1 adj EPS $1.85 vs $1.69, FY27 guide lifted twice on Metal Coatings momentum but the catalyst is now behind the stock, which sits at all-time highs (~$157), ~23x forward and above consensus, with Wells…

Cyclical recovery industrial-power-grid
analysed ·

CDNL

Cardinal Infrastructure Group Inc.

LOW

Post-blowoff digestion: after a ~4x run to a $94.31 ATH (2026-06-29), a $73 secondary (4.6M shares, ~$336M, closed 06-26) capped the parabola and CDNL now trades below the deal price near $68 under its $63 average analyst target.…

Cyclical recovery ai-datacenter-infrastructure housing-homebuilders-proptech
catalyst ·

CIEN

fresh

Ciena Corporation

LOW

The 1.6T WaveLogic demand cycle is intact at the order book, but the trade has broken: $627.00 (06-02) to ~$370 (07-18) is a ~41% de-rating, and the $455–$467 shelf that framed the prior read is gone. Multiple compression from 54x forward,…

Cyclical recovery networking-optical
catalyst ·

CLPT

ClearPoint Neuro, Inc.

LOW

CNS gene-therapy delivery arms-dealer for uniQure's AMT-130 (Huntington's BLA planned Q3 2026). The June re-rate held near $18.72 rather than reverting, but the near-term binary is spent and the theme has cooled to maturing no dated…

Cyclical recovery medtech-diagnostics
analysed ·

COHU

Cohu, Inc.

LOW

AI-compute test picks-&-shovels re-rate (Eclipse xPU handlers + Neon HBM inspection) is now a broad sell-side chase three PT raises in a month to $65–80 (TD Cowen $80, Baird $65, Stifel $70) with the stock near its $70.47 ATH after…

Cyclical recovery ai-datacenter-infrastructure semi-foundry-equipment
catalyst ·

CRS

fresh

Carpenter Technology Corp

LOW

Aero-defense superalloy pricing cycle intact (three contracts at >30% price hikes, 2026-06-14; Q4 op-income guide $205-210M, +37% YoY), and the July parabola has flushed RSI 48 from 83, price ~10% off the $619.25 ATH close on Russell…

Cyclical recovery defense-aerospace managed-care-health-services
catalyst ·

CYRX

CryoPort, Inc.

LOW

CGT cold-chain picks-and-shovels; the 2026 re-rate has matured. Consensus PT drifted to $15.11 (now just below the ~$15.26 spot), the rating softened to Moderate Buy with two holds added, and insiders distributed into the early-June $16.73…

Cyclical recovery rare-disease-gene-therapy precision-biotech-therapeutics
catalyst ·

ENTG

Entegris, Inc.

LOW

WFE-upcycle consumables re-rate now MATURING: after a +30% two-week run to ~$181 on the JSR/Inpria EUV cross-license and CNBC coverage, July sell-side is splitting Mizuho to $200 (07-01) vs Deutsche Bank Hold $155 (07-06), BMO $167 with…

Cyclical recovery ai-chips-memory m-and-a-special-situations
catalyst ·

FN

fresh

Fabrinet

LOW

Optical cluster re-accelerated in July (AAOI +390% YTD, LITE +138%, COHR +107%) while Fabrinet sits ~$478, +0.7% YTD and ~36% under its $748.89 high. Revenue compounds at +30% but the tape has decoupled from its own theme a…

Cyclical recovery networking-optical
catalyst ·

GENI

fresh

Genius Sports Limited

LOW

Sports-data toll-booth under the prediction-market boom, but the boom arrived and the toll didn't: Kalshi/Polymarket cleared $50B+ of World Cup volume (Coindesk, 2026-07-14) while GENI slid $6.43 → $6.30 and printed $5.98 intraday July 17.…

Cyclical recovery prediction-markets-betting ai-datacenter-infrastructure
catalyst ·

ICLR

ICON plc

LOW

Analyst-momentum re-rating on a beaten-down CRO: Q1 2026 beat (adj EPS $2.50 vs $2.42) plus two upgrades in a week RBC Outperform $185 (06-25) and Truist Buy $207 (06-30) but price still trades below its 200-EMA and the Q1 catalyst has…

Cyclical recovery medtech-diagnostics
analysed ·

IESC

IES Holdings, Inc.

LOW

Data-center electrical "shovels" fundamentals still accelerating (Q2 FY26 backlog +62% to $3.9B, Communications +35%), but the June index-inclusion parabola to a ~$800 ATH expired July 1 and a 2026-07-02 shelf prospectus on a…

Cyclical recovery industrial-power-grid ai-datacenter-infrastructure
catalyst ·

INDI

fresh

indie Semiconductor, Inc.

LOW

Automotive ADAS-silicon design-win story keeps improving on paper ($7.4B backlog, $25M radar order, ams OSRAM sensor buy) while the tape stays broken below the ~$4.00 50-day MA; TD Cowen's 2026-07-13 lift to a $4.50 Hold is a thaw, not a…

Cyclical recovery ai-chips-memory semiconductors-analog
catalyst ·

INOD

fresh

Innodata Inc.

LOW

AI training-data pure-play with a still-accelerating fundamental story (Q1 rev +54%, 40%+ FY26 guide reaffirmed 06-17) but a fully broken chart: ~-51% from the June $125.14 ATH to ~$61, with the CEO filing a fresh 200k-share sale on 07-16…

Cyclical recovery ai-datacenter-infrastructure
catalyst ·

KLAC

fresh

KLA Corporation

LOW

Process-control monopoly (~58% share, ~7.5x nearest rival) with an accelerating custom-silicon narrative, sold down in the worst semi month since 2008. Six analyst PT raises in eleven days but the July cluster ($255–274) sits well below…

Cyclical recovery semiconductors-analog semi-foundry-equipment
catalyst ·

LGN

fresh

Legence Corp.

LOW

AI-datacenter MEP/HVAC pick-and-shovel story still improving on fundamentals (record $5.38B backlog, FY guide raised to $4.1–4.3B), but the tape has decoupled: ~33% off the $102 May close high, LGN sliced the $76 breakout shelf and rolled…

Cyclical recovery ai-datacenter-infrastructure industrial-power-grid
catalyst ·

MDB

fresh

MongoDB, Inc.

LOW

Atlas re-acceleration (+29.4% YoY, record $117M seq add; Q1 FY27, 2026-05-28) is intact, but the +18.5% post-print breakout fully round-tripped from $444.72 to a $294.10 close as the AI-software theme sold on margin-timing fear. Sell-side…

Cyclical recovery ai-enterprise-software ai-datacenter-infrastructure
analysed ·

MOD

fresh

Modine Manufacturing Co

LOW

Contracted AI-cooling supplier story is intact $4B+ Airedale capacity agreement through 2029, $165M customer prepayment but the tape has unwound ~29% from the $323.25 May high to ~$229, lost the $260 base, and is -19.4% in a month. The…

Cyclical recovery ai-datacenter-infrastructure industrial-power-grid
catalyst ·

MPWR

fresh

Monolithic Power Systems, Inc.

LOW

AI data-center power narrative still accelerating fundamentally (Enterprise Data ~2x YoY to $262.8M Q1; Q2 guide $890–910M, +35% YoY), but the tape bounced ~12% off the ~$1,200 shelf to ~$1,468 and now stalls at the 50-day into a binary…

Cyclical recovery ai-datacenter-infrastructure ai-chips-memory
catalyst ·

MRVL

fresh

Marvell Technology, Inc.

LOW

Custom-silicon ASIC royalty story intact, but the AI-semi theme is mid-correction chips posted their worst month vs software on record (7/17) with money rotating into energy. Buying a falling sector with no confirmed higher low is the…

Cyclical recovery ai-chips-memory
catalyst ·

MTSI

fresh

MACOM Technology Solutions Holdings, Inc.

LOW

AI optical-interconnect arms-dealer with fundamentals still accelerating (FY26 DC growth guide >60%, Q3 guide $331-339M) but a July-broken chart: ~36% off the $418.90 high to ~$267 on the semi selloff, Russell Value index removal, and…

Cyclical recovery networking-optical ai-datacenter-infrastructure
catalyst ·

PAY

Paymentus Holdings, Inc.

LOW

Beaten-down bill-pay compounder: Q1 2026 revenue +30.2% YoY yet shares carved a $20.11 June 52-week low on margin-mix fear. Now ~40% off that low into a binary ~Aug-4 Q2 print the read is a recovering base, not a chase.

Cyclical recovery fintech-consumer-credit
catalyst ·

PDFS

PDF Solutions, Inc.

LOW

Yield-analytics software re-rated on a real margin step (operating margin ~18%→25%, Platform rev +36% YoY), but the ~+280% run printed a fresh $69.05 high on 2026-07-02 and reversed 11.5% in a day to ~$59 still at the top of the $54–59…

Cyclical recovery ai-chips-memory semi-foundry-equipment
catalyst ·

POWL

Powell Industries, Inc.

LOW

Grid + AI-data-center power orders still accelerating (Q2 orders +97% YoY to $490M, 1.7x book-to-bill, record $1.8B backlog, plus a post-quarter >$400M data-center order; Street Q3 EPS revised UP to ~$1.47), but the theme cooled to…

Cyclical recovery industrial-power-grid
catalyst ·

RMBS

fresh

Rambus Inc.

LOW

Memory theme is ripping Micron +68% YTD with HBM sold out through 2027 but Rambus has decoupled, down ~42% from its 2026-06-03 high of $174.10 to $101.44 while the cycle proxy sits near records. Interface content is a DIMM-unit story, not…

Cyclical recovery ai-chips-memory
catalyst ·

SITM

fresh

SiTime Corporation

LOW

MEMS-timing picks-and-shovels story is fundamentally intact Q1 datacenter revenue +158% YoY to 67% of sales, Renesas timing deal closed July 1 but the momentum leg has broken: ~$550 on July 18 is ~39% off the May 11 all-time-high close of…

Cyclical recovery ai-datacenter-infrastructure ai-chips-memory
catalyst ·

SMTC

fresh

Semtech Corporation

LOW

AI-interconnect fundamentals still accelerating (Q1 FY27 data center +85% YoY, Needham reiterated Buy/$200 on 2026-07-13), but the price leg has broken: -22.7% in a month to ~$125, through the 20- and 50-day, ~30% off the $177.35 high.…

Cyclical recovery semiconductors-analog ai-datacenter-infrastructure
analysed ·

SNDK

fresh

Sandisk Corporation

LOW

Memory supercycle unwinding: SNDK is -40% from its June peak and -25% in the week to 2026-07-17, driven by a Chinese memory IPO filing (7/16) and Kimi K3's cheap-compute shock (7/17). The 8.1x forward multiple is peak-earnings cheap, and a…

Cyclical recovery ai-chips-memory
catalyst ·

SRAD

Sportradar Group AG

LOW

plus an active SDNY fraud class action keeps the stock below all MAs, churning $13–16. The ~Aug 4 Q2 print, first since the short reports and first with Kalshi, is the binary that decides which narrative wins.

Cyclical recovery prediction-markets-betting ai-datacenter-infrastructure
catalyst ·

STRL

fresh

Sterling Infrastructure, Inc.

LOW

Picks-and-shovels contractor for the AI data-center buildout; fundamentals still fire (Q1 rev +92% to $825.7M, FY26 EPS guide $16.50–17.15, $6.5B backlog) but the June-4 blowoff has de-rated ~36% to ~$635 in a sector-wide E&C selloff. The…

Cyclical recovery industrial-power-grid ai-datacenter-infrastructure
catalyst ·

TER

fresh

Teradyne, Inc.

LOW

Parabolic AI-test leg broke hard: $483.84 closing ATH (2026-06-30) to $322.36 (2026-07-17), −33% in twelve sessions on a memory-glut scare, with the whole $446–$550 analyst band now stranded above spot. Company guided Q2 revenue DOWN…

Cyclical recovery semi-foundry-equipment ai-chips-memory
catalyst ·

TTMI

TTM Technologies, Inc.

LOW

Momentum leg snapped: after a fresh ATH ~$223.83, TTMI unwound ~30% in days (-13.2% on 2026-07-02 to ~$156) on a valuation reset, insider distribution and post-Russell-1000 rebalance flow no company news, and no catalyst until the…

Cyclical recovery ai-datacenter-infrastructure defense-aerospace
catalyst ·

UCTT

fresh

Ultra Clean Holdings, Inc.

LOW

WFE upcycle intact fundamentally but the tape broke: -35% from the $142.59 all-time close (2026-06-30) back under the ~$95 breakout shelf on sector-wide selling with no company news. Failed breakout, no support to $80.55, binary Q2 print…

Cyclical recovery semi-foundry-equipment managed-care-health-services
catalyst ·

VIAV

Viavi Solutions Inc.

LOW

Networking-optical test theme still accelerating and the laggard test-and-measurement sleeve is finally re-rating: Susquehanna lifted its target to $66 (2026-07-01) and the small-cap-over-hyperscaler rotation flagged 2026-06-29 favors…

Cyclical recovery networking-optical
catalyst ·

VICR

fresh

Vicor Corporation

LOW

Operating numbers still inflecting (Q2 guide ~$142M, book-to-bill >2.0, backlog $300.6M) but the chart has broken: $237.62 on 2026-07-17 is ~38% off the $382.65 July high, with $271 and $300 both lost and relentless CEO 10b5-1 supply. The…

Cyclical recovery industrial-power-grid ai-datacenter-infrastructure
catalyst ·