Burak Finance

Lone Pine, Situational, Walleye, Samlyn all "liquidated."

Top holdings from the last 13Fs:
• Lone Pine: $NBIS $ASML $STX $AMAT $HUT
• Situational: $SNDK $MU $NBIS $CRWV $TSM $BE
• Walleye: $MU $AMD $KLAC $AMAT $SNDK

When your stocks are down 50%, ask yourself one question:

Is the business broken, or is sentiment broken?

I asked myself the same question when $PLTR fell from $30 to $7 and when $NBIS collapsed from $140 to $70.

Everyone was panicking.

Some of the best opportunities appear when everyone else has given up.

PEG ratio doesn't mean anything anymore?

Stocks trading under 0.5 PEG:

$MU 0.16
$SKHY 0.23
$NVDA 0.25
$AVGO 0.32
$NBIS 0.34
$STX 0.37
$BE 0.38
$NU 0.38
$DELL 0.43
$MRVL 0.48
$APP 0.50
$AMD 0.50

Under 1 is "cheap for its growth."
Under 0.5 means the market doesn't believe the growth.

There is always a reason to sell. The S&P 500 is still up 1,463% since March 2009 with dividends reinvested.

Morgan Stanley data shows net leverage at 47%, near the bottom of the 1-year range.

My read: a lot of the selling may already be done.

I think the bottom might be closer than people think.

Massive liquidations. Extreme fear. Elevated VIX. Panic everywhere.

Bottoms rarely form when everyone feels comfortable. They form when people have given up.

Popular stocks and how far they sit off their 52 week highs.

Neoclouds
• $IREN $23.95 (-69%)
• $NBIS $154.14 (-49%)
• $HUT $59.40 (-58%)
• $CORZ $13.25 (-57%)
• $CRWV $54.87 (-60%)

Photonics
• $AAOI $69.05 (-70%)
• $LITE $840.70 (-26%)
• $COHR $210.32 (-52%)
• $AEHR $54.89 (-63%)

Space
• $RKLB $54.73 (-64%)
• $ASTS $40.97 (-69%)
• $PL $13.47 (-74%)
• $SPCX $134.72 (-40%)

Quantum
• $IONQ $30.04 (-59%)
• $RGTI $11.25 (-75%)
• $QBTS $10.65 (-72%)
• $QUBT $6.60 (-61%)

Drones
• $AVAV $126.11 (-69%)
• $KTOS $41.09 (-69%)
• $MRCY $77.54 (-40%)
• $ONDS $6.32 (-59%)

Nuclear
• $OKLO $25.25 (-82%)
• $UUUU $7.71 (-72%)
• $SMR $5.62 (-88%)
• $LEU $103.29 (-74%)

CPU
• $AMD $504.80 (-23%)
• $INTC $65.76 (-54%)
• $ARM $205.97 (-55%)
• $AMKR $39.50 (-59%)

AI Power
• $EOSE $1.89 (-90%)
• $BE $203.17 (-42%)
• $NVTS $8.48 (-75%)
• $VRT $232.50 (-39%)

AI Connectivity
• $AVGO $326.08 (-34%)
• $ALAB $258.70 (-48%)
• $CRDO $150.99 (-51%)
• $MRVL $196.40 (-40%)

Crypto / Brokers
• $COIN $143.54 (-60%)
• $MSTR $130.51 (-53%)
• $ASST $22.19 (-35%)
• $HOOD $84.99 (-44%)

AI Hardware
• $NVDA $204.64 (-16%)
• $ASML $1,565.90 (-22%)
• $MU $884.74 (-30%)
• $SKHY $149.21 (-25%)
• $SNDK $1,150.89 (-51%)
• $CBRS $109.18 (-72%)

Which one are you watching?

Global markets just got hit hard.

• U.S. stocks: ~$1 trillion wiped
• China: ~$260 billion
• Japan: ~$165 billion
• South Korea: ~$100 billion
• Gold & silver: ~$900 billion
• Crypto: ~$120 billion

Over $2.5 trillion gone in a day.

The market is showing zero mercy right now. 🔴

$INTC -29.7%
$AMD -11.5%
$MRVL -10.6%
$MU -5.7%
$NVDA -4.5%
$AVGO -5.9%

Even the biggest AI winners are getting punished.
Meanwhile $WMT and $COST are green.

Marvell down 13% today on reports that it is in advanced talks to buy LITE

Classic acquirer discount. Market always taxes the buyer first when a deal this size hits.

LITE is up because sold-out lasers through 2029 just became even more valuable.