Falcon's View – Week 1-5 Sept 2025
Performance
• S&P 500: −0,12%
• Nasdaq 100: +0,19%
• My portfolio: −0,43%
Market pulse
A whipsaw week: markets opened lower on Tuesday (post‑Labor Day), then climbed into Friday’s jobs report. Payrolls +22k vs +75k expected and unemployment 4,3% vs 4,2% expected initially boosted stocks on rate‑cut hopes, but the “growth is slowing too much” worry took over. Result: S&P 500 finished red; Nasdaq 100 gave back gains and ended flat‑to‑slightly‑up.
Crowd vs. price
The slight pullback in prices came with a small uptick in crowd interest overall.
Holdings & Watchlist Notes
Semis (chipmakers): rotation after Broadcom
After Broadcom beat earnings and raised its outlook—and headlines said it’s working with OpenAI on a custom AI chip with a big 2026 order—investors moved money inside the chip sector. Cash flowed toward the “plumbing” of AI data centers: Broadcom’s custom chips and networking gear and Micron’s high‑speed memory (HBM/DRAM). It flowed away from general‑purpose AI GPUs from NVIDIA and AMD. Several reports also said TSMC will likely build and advanced‑package many of these custom parts (3nm + packaging), which supports demand for the foundry, too.
NVIDIA (NVDA): −3,93% | AMD: −7,07%
Crowd interest: ticked up in both as price fell.
Micron (MU): +10,39% | Broadcom (AVGO): +12,61% | TSMC: +5,43%
Crowd interest: muted (little change).