Ideas
AI capex cycle remains dominant
The main 2025 trend is AI capital expenditure; spending on AI infrastructure and hardware benefits Nvidia, Broadcom, electrical equipment, and data-center power. The capex cycle is still expanding, with 2026 forecasts above 2025.
Data centers drive electrical equipment demand
Data centers coming online consume much more electricity, so electrical equipment suppliers benefit; Dmitry says his electrical-equipment holdings all rose and the theme remains linked to AI infrastructure buildout.
Memory chip boom looks unsustainable
Memory prices have risen too far and too long; as with previous auto-chip shortages, deficits get fixed quickly. Micron and WDC had huge gains, but memory is not a durable long-term trend.
S&P 500 highs raise correction risk
After a strong bull year, the S&P 500 is at historic highs, but Dmitry fears a correction because the index has moved far from support and insider selling is about four times insider buying with no buy signal. He hedges core holdings and continues to hold cash, keeping a risk-off regime.
Adobe is stable compounder awaiting breakout
Adobe's subscription model produces exceptionally stable 10-11% revenue growth, pricing power, AI upsell monetization, and large buybacks. The stock has lagged and remains in distribution, but he holds it, hedges with options, and expects a large eventual breakout.
PayPal deeply undervalued with resilient flows
PayPal is down about 80% from highs despite steady revenue growth, improving gross, operating, and net income, ROIC of 15.5%, a buyback near 10% of capitalization, and P/E around 11. It is in a long accumulation zone; he is fully hedged with options and sees sharp upside when it resolves.
Avoid broad event-driven biotech
Broad biotech is event-driven with no reliable cash flows and binary events that are hard to predict. He personally avoids the sector, only making exceptions for profitable biotech with approved products and protected patents.
Semiconductor capex trends can continue
Smart money continues to buy semiconductors, and the capex cycle keeps growing from 2022 through record 2025 and an expected record 2026, so semiconductor trends can continue.
Gold and silver miners stay strong
Gold and silver miners have strong flows at current metal prices, and because they contract sales in advance, revenue and cash-flow tailwinds can continue even if spot prices fall. He says holders can keep holding while prices remain supported.
Homebuilding fundamentals are very weak
Homebuilding is the worst cyclical area: permits, existing-home sales, and all housing metrics are very weak, and gurus are selling. He presents it as unattractive.
Lyft breakout with undervalued fundamentals
Lyft is non-cyclical ride-hailing with stable flows; the chart shows an accumulation breakout and bullish wave setup, fundamentals show improving margins, ROIC, buyback, and fair value around $125 versus about $19. He says put it away and wait.
Datadog setup likely resolves upward
Datadog is on his watchlist, not owned; an open cup-and-handle and accumulation base suggest it will eventually rise, with a one-off profit miss but stable revenue. He wants to see a breakout or deeper retracement before acting.
Monday.com offers strong growth setup
Monday.com is in his portfolio; it trades in a double-zigzag accumulation near the 62% Fibonacci zone. Revenue grows about 30% year over year, is over $1B, profitable with expanding profit, positive ROIC and 6% net margin; a breakout could nearly double it.
FINV setup, but wait for breakout
FINV has a potential cup-and-handle, very low float, and cheap P/E around 3, but revenue growth is only about 9% and China risk is high. He holds a small position but says it is better to wait for a pullback or breakout.
Intel remains unattractive and tough
Intel is a hope and faith story; it may grow but may not. Revenue is stagnating, operating leverage is zero, flows are falling, and the business is cyclical. He exited at break-even and avoids it.
Apple overvalued and likely sideways
Apple is overvalued by roughly 30-40%: growth is too slow and has stagnated for a long time, while P/E is about 35 and P/S about 9. He expects weak or sideways performance until 2029 and says active investors should not buy.
Google is strongest large-cap compounder
Google is far more interesting than Apple: revenue growth is stable and accelerating, ROIC of 32.7% is best among large caps, and it is a major advertising beneficiary. The main negatives are large float and capex-hit free cash flow.
AI content flood benefits ad platforms
AI devalues digital content and floods the market with content and products, making advertising more important and more expensive for creators; platforms with large audiences and ad monetization should benefit. He names Meta, Amazon, and Netflix as beneficiaries.
Independent ad platform benefits from AI
He buys an independent advertising automation and ad-buying platform because the spread of AI-generated content makes advertising and ad-buying infrastructure more valuable.
UnitedHealth long-term buy zone
He bought UnitedHealth at 247 and thinks the current about 345 area is still reasonable for long-term investors; it is in a wave-4 lower boundary and accumulation zone, with revenue growing and normal profitability, though P/E about 18 is twice PayPal's. He would buy dips or wait for a breakout.
Novo Nordisk averaging-down opportunity
Novo Nordisk is worth averaging down; it is in a wave-4 accumulation zone around 82 with an 80-85 target versus current 60, and the positive oral obesity pill news could drive it. Flows are not great, but P/E about 17 is not demanding.
Nvidia buy zone near $100
Nvidia is interesting but dangerous at current levels; it is in wave 4, and the $100 area is the accumulation and buy zone where he previously bought at $94 and $102. Valuation is still justified, but growth is decelerating and he expects a revisit to $100.
Roku range-bound despite cheap valuation
Roku is improving profitability and is cheap on P/S around 3, but revenue growth is slow, the RL above 40 test fails, and the chart is a volatile diagonal range. He sees it as range-bound between roughly 70 and 150, not a clean trade yet.
Zeta is early-stage breakout
Zeta is one of three themes he says has already started; he bought around $17 and it has risen about 50%. The chart shows a durable breakout and impulse, flows are positive, growth is very fast, and the OpenAI agreement supports the news backdrop.
DigitalOcean among early movers
He lists DigitalOcean as one of three themes that have already started and says he holds it with an average around $32; the stock has begun moving.
BABA cheap but choppy, watch
Alibaba has decent flows and a low valuation, but revenue growth is slow and the price action is choppy and volatile. It is not as good as Google, though it may still rise.
Tesla fundamentals support options short
Tesla looks poor fundamentally: revenue has stagnated for two years, it lost fast-growth status, RL above 40 fell to 8, margins and operating income are falling, free cash flow is erratic, and 15x sales and 300x earnings are unjustified. The chart is a large volatile triangle and box; he would short with options, not shares, targeting 180-200 or lower.
This Dmitry Solodin video, published January 09, 2026,
features Dmitry Solodin
discussing AI capex, Electrical equipment, DRAM, SPY, ADBE, PYPL, XBI, SMH, GDX, SIL, ITB, LYFT, DDOG, MNDY, FINV, INTC, AAPL, GOOGL, META, AMZN, NFLX, TTD, UNH, NVO, NVDA, ROKU, ZETA, DOCN, BABA, TSLA.
27 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Dmitry Solodin
· Tickers:
AI capex,
Electrical equipment,
DRAM,
SPY,
ADBE,
PYPL,
XBI,
SMH,
GDX,
SIL,
ITB,
LYFT,
DDOG,
MNDY,
FINV,
INTC,
AAPL,
GOOGL,
META,
AMZN,
NFLX,
TTD,
UNH,
NVO,
NVDA,
ROKU,
ZETA,
DOCN,
BABA,
TSLA
