Public trading strategy
AI chip frenzy moves from memory to mobile as Qualcomm lights up forecasts — lon
Thesis
Last week, headlines declared the AI trade was 'cooling' as Nvidia and Micron led a massive selloff. Now, Micron and Qualcomm have completely reversed that narrative with forecasts that added $400 billion in chip value. Qualcomm is often overshadowed by Nvidia, but their strong forecast shows AI is expanding beyond just data centers into phones and edge devices. As money rotates within the chip sector, Qualcomm is primed for a catch-up rally.
Strategy approach
Build a rule-based strategy that enters long QCOM on D1 when it crosses above its 10-day exponential moving average after a period where the broader semiconductor index dropped >5% in the prior 5 days. Hold for 21 days with a 6% trailing stop.