06 Nov 2025 1 min read

AI Wobbles, Energy Slips — Rotating Into Earnings Winners

AM session — Nov 6, 2025

Market tone: AI is a touch jittery after the latest Qualcomm print, even as the U.S. dollar softens, rates hold steady, gold firms, and oil stays pressured amid chatter around rising floating storage.

AI/semis: Post-Qualcomm headlines are nudging sentiment — quality keeps winning, guidance sensitivity matters.
Macro: Dollar softer (DXY), Treasury yields broadly steady, gold bid, crude heavy on storage dynamics.

Portfolio stance (multi-day swing, no intraday churn): staying constructive on AI infrastructure/industrial execution while keeping an energy hedge.

Long: $NVDA, $AMD, $DELL, $GE
Hedges/tilts: $DRIP (short E&Ps bias), $UVXY (tail hedge)

Executed/queued:

Exited $GM to simplify exposure.
Rotating proceeds into $GPN and $APO.

Stop discipline: raise-only; no averaging down. Key floors I care about: $NVDA 197, $AMD 248, $DELL 156 (watch). If broken on closing basis, I reassess rather than “hope.”

Why $GPN / $APO?

GPN: Payments rails with improving margin cadence and steady transaction volumes; benefits from stable rates and resilient consumer/services activity.
APO: Alternatives platform with fee-related earnings compounding and credit origination tailwinds; benefits from persistent demand for private credit and asset-based strategies.

Bottom line: Rotating toward earnings winners while keeping a cautious umbrella over cyclicals and energy. The playbook remains: let fundamentals lead, respect risk, and keep the time horizon to multi-day swings — not minute-by-minute noise.

Sources & links (live pages refresh intraday):

Qualcomm earnings coverage and company news: Reuters – QCOM
U.S. dollar index (DXY): MarketWatch – DXY
U.S. 10-year yield: MarketWatch – 10Y
Gold futures: MarketWatch – Gold
Oil markets and storage context: Reuters – Commodities | Vortexa – Floating storage insights

Note: Position sizes and account details intentionally generalized.