Ethereum is showing a positive technical pattern, and if crypto liquidity improves, Ethereum could outperform Bitcoin and rally more strongly. He views the chart setup as very positive, suggesting it is a stronger candidate for upside once the market turns.
Meta released its first in-house image generation model (Muse Image), reducing dependence on external models. This signals AI capability advancement and potential for better integration and monetization, a positive for the stock even as tech sold off.
Oil price spiked on Hormuz strait tanker attacks. Occidental Petroleum is among the most oil-price sensitive large-cap producers. Crucially, its production base is US onshore, not Middle East, so supply disruptions in the Middle East make it a substitute supplier, benefiting from higher prices and potential market share gain. It is a direct beneficiary of geopolitical oil supply fears.
Penguin Solutions, a provider of high-performance computing and AI memory modules, reported strong Q earnings with 48% YoY revenue growth, raised full-year guidance significantly (revenue growth now +22% vs prior +12%), and management stated AI-driven memory demand is structural and long-lasting, with memory becoming a performance bottleneck. The company's outlook confirms robust AI infrastructure buildout.