Bryn Talkington

It was -20% year to date earlier this year, and now it's +20% YTD. Sitting still was the right thing to do. Cybersecurity is a secular growth trend and investors got the chance to buy this last spring when they got scared that software would replace these stocks. This will grow. Happy to hang onto BUG.

It's incredible it is keeping up with the market, up 14% this year while their capex is down vs. others going up. Their balance sheet is fortress-like. The iPhone and iPad will be the devices we will use for AI, not others. Deserves this PR. More upside to come.

It's broken above its 200-day moving average. She thinks the software space will continue going higher.

The market has shifted from GPU-intensive to CPUs in the past year. So AMD and Arm are catching up during this CPU move. We're probably entering at time where these stocks get way ahead of themselves, because that's the nature of this market. Unlike 1999, earnings are backing up all these parabolic moves and are actually getting cheap (in PE) due to their strong earnings power.

Earnings are surprisingly strong. Dell is clearly taking share from Super Micro Computer as the data centre build-out takes shape. Their backlog grew, raised guidance, and infrastructure services grew 181% over a year. Also, there's a huge share buyback, but we're still in early days. Earnings and margins will continue to be strong with these data centre names. Revenues have been growing 20% annually consistently. Demand is strong and will endure.