Maurizio Priamo @Maurizio_P: "Subject: Daily Movers & Market..."

Italy

Subject: Daily Movers & Market Insight Interesting session today: $SPX500 and $NSDQ100 are currently in negative territory, while our portfolio is up +1.5% (intraday) A clear signal of effective stock picking in a weaker market environment. 🔍 Focus on today’s movers (Semiconductors & AI ecosystem) • $MU (Micron Technology, Inc.) +17.2% • $APP (Applovin Corp) +6.0% • $AMD (Advanced Micro Devices Inc) +5.8% • $INTC (Intel) +1.7% • $TSM (Taiwan Semiconductor Manufacturing Co Ltd - ADR) +1.6% The semiconductor space remains the key market driver. The current trend is supported by structural factors: •Massive investments in AI infrastructure •Strong demand for data centers and high-performance chips •Persistent supply constraints, especially in memory In 2026, the global semiconductor market is expected to exceed $ 1.3 trillion, with memory at the center of growth thanks to AI demand .This is not just a cyclical rebound but a structural shift in global demand driven by artificial intelligence This is not a typical rally — it’s a redefinition of the semiconductor demand landscape. 🧠 Stock analysis 🟢 Micron (MU) – Today’s leader (+17%) A very strong move backed by solid fundamentals: •Explosive demand for AI-related memory (HBM, DRAM, SSD) •Tight supply → increasing pricing power •Upward revisions in targets and stronger visibility on future revenues Micron is transitioning from a cyclical stock to a core AI infrastructure player. 🟢 AMD (+5.8%) •Direct beneficiary of the AI cycle •Strong positioning in data center and AI accelerators •Upside tied to execution vs $NVDA (NVIDIA Corporation) 🟢 Intel (+1.7%) •More contained move •Market still pricing in a transition / turnaround phase •Increasing focus on foundry strategy and execution 🟢 TSMC (+1.6%) •Backbone of the entire ecosystem •Growth driven by AI demand and manufacturing leadership •Key enabler of advanced chips → consistent indirect beneficiary 🟢 AppLovin (APP) (+6.0%) An outlier vs the rest: •More exposed to AI-driven software and advertising •Momentum supported by growth and monetization dynamics 📊 Key takeaway -indices are under pressure, but AI-driven sectors continue to outperform - Our +1.5% intraday reflects correct exposure to structural winners - The real metric is relative performance vs benchmarks We are not just invested in the market — we are positioned in its strongest segment. The real edge today is not being invested… it’s being invested in the right part of the technological cycle. Maurizio ______________ This content does not constitute investment advice. Past performance is not indicative of future results. _____________

Not investment advice. The author may have financial interests in the mentioned instruments.