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Monday, October 12After hours
Most of your book’s loss today came from ON Semiconductor.
On today’s calendarAs of 9h ago
Your book
Book value each night
Today’s move, by holding
Each bar is a holding’s value times its move. Together they make the day’s figure.
Your companies
9 held · 4 followed · at the close
Your research
2 open theses · 2 need you
Needs you
Data-center demand outruns supplyNVDA
ChallengedTwo hyperscalers guided capex flat for next year, against a call on rising spend.
HBM pricing holds through next yearMU
SignpostGross margin above 40% in Wednesday’s report
Where you left off
Answer: How exposed is Coinbase to staking rules?
Saved answerStaking was 18% of last quarter’s net revenue, and the proposal reaches only custodial staking.
ON Semiconductor research notes
Research notesWatch the guide for auto inventory, not the beat.
Markets
At the close
the monthwhere it spent the middle halfprior closenow
This week
Oct 12–16
Mon12Today
No reports
Tue13
No reports
Wed14
Thu15
Fri16
No reports
Sectors
Four-week return
Fear & volatility
Divergence
Sentiment is fearful while volatility stays subdued
Fear & greed25Fear
0100VIX18.38Calm
060Signals
Today
NVIDIANVDA
InsiderCluster sellHighThree officers sold $42.1M under 10b5-1 plans
ON SemiconductorON
8-KItem 2.02HighResults, with a guidance cut and a CFO transition
RobinhoodHOOD
CongressDisclosureA senator disclosed a purchase of $50K to $100K
CoinbaseCOIN
InsiderCluster buyHighThree insiders bought $11.2M in the open market
Friday
MicronMU
8-KItem 8.01Set the date of its quarterly report
Movers
Gainers
Laggards
NVIDIA Corporation is a semiconductors company on NASDAQ. Shares are down 1.64% today, 97% of the 52-week range.
Price
vs PHLX SemiconductorConvexity score
v3.4 · 6 featuresThree officers sold $42.1M under pre-scheduled 10b5-1 plans into strength 3 – routine profit-taking, not a fundamentals break. Data Center revenue of $26.3B (+154% YoY) 1 and a supply-constrained Blackwell ramp 2 keep the demand story intact.
Sources
under the readFundamentals
TTM · FY26Your book
Equity curve
time-weighted · net of feesPositions
10 · weight-ranked · live marks| Ticker | Qty | Price | Value | Day | Total P&L | Weight | 30D |
|---|---|---|---|---|---|---|---|
NVDANvidia |
324 | 192.53 | $62,380 | -1.64% | +38.4% | 22% |
|
AAPLApple |
212 | 230.71 | $48,910 | +0.34% | +12.7% | 17% |
|
MSFTMicrosoft |
93 | 443.01 | $41,200 | +0.61% | +19.8% | 15% |
|
HOODRobinhood |
232 | 98.69 | $22,895 | +5.61% | +71.3% | 8% |
|
COINCoinbase |
123 | 149.06 | $18,334 | +4.58% | -9.2% | 6% |
|
BTCBitcoin |
0.272 | 59,489 | $16,181 | -0.76% | +24.1% | 6% |
|
JPMJPMorgan |
62 | 241.88 | $14,997 | +0.22% | +15.4% | 5% |
|
LLYEli Lilly |
14 | 892.40 | $12,494 | -0.44% | +8.3% | 4% |
|
ONON Semi |
118 | 90.65 | $10,697 | -23.66% | -31.2% | 4% |
|
METAMeta |
16 | 604.12 | $9,666 | +0.88% | +27.9% | 3% |
Contributors & detractors
unrealized P&L · $kInsider trades
Mimir exposure graph
Ask Convexity
The signal is mixed, but it reads as routine profit-taking, not a fundamentals break. The three officers sold into strength after a +154% YoY Data Center quarter 1, and the filings show the disposals were pre-scheduled 10b5-1 transactions 3 rather than discretionary exits.
On the fundamentals, the 10-K MD&A confirms Data Center revenue of $26.3B, up 154% YoY, with management guiding sequential growth on the Blackwell ramp and citing supply visibility through year-end 12. The CFO framed current demand as supply-constrained, not demand-constrained 2 – the opposite of what a topping pattern looks like.
Segment contribution explains why one cluster sale barely moves the thesis – growth is concentrated in Data Center, which drives nearly all sequential upside 1:
Against your book, NVDA is your largest position at $62,380 (21.9% weight), sitting on +$8,100 unrealized 4. The insider sale is ~0.07% of float – immaterial to price – while four sell-side desks raised targets after the print to a $235 median 5. Net: not a position-changing event, though trimming toward a target weight is reasonable risk management given the concentration.
| Read | Evidence | Source |
|---|---|---|
| Bullish demand | Supply-constrained, Blackwell ramp on track | 1 · 2 |
| Neutral insider | 10b5-1 cluster, 0.07% of float | 3 |
| Watch sizing | 21.9% weight – concentration risk | 4 |
Studio living reports
Headline metric · re-ground history
transaction revenue · 7 buildsThe report, as it stands now
v7 draftRobinhood's Q1 re-acceleration is transaction-led – and the marginal new filing made it more so
When HOOD filed an updated 8-K with Q1 line-item revenue six minutes ago, the bound query re-ran and three numbers below moved on their own. The quarter is transaction-led – transaction re-ground to $472M, +29% QoQ (up from $453M as the final 8-K replaced the preliminary print), with crypto doing the heaviest lifting at $252M, +81%.
| Revenue line | Q1 net | QoQ | 8-build |
|---|---|---|---|
| Transaction | $472M | +29% QoQ | |
| Net interest | $331M | +6% QoQ | |
| Crypto | $252M | +81% QoQ | |
| Other | $48M | -3% QoQ |
Options flow
Flow map
moneyness × days-to-expiry · bubble = premiumPremium leaderboard
net call − put · $mmBullish vs bearish
directional readAtlas
Read the markers
Live geo feed
numbered to pinsChokepoint watch
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on active markersFind the quality value
Valuation vs growth
P/E percentile × rev growth · size = mkt capMatches
8 of 1,284 · ranked| Ticker | Sector | Mkt cap | P/E | Rev growth | Quality | 1M |
|---|---|---|---|---|---|---|
HO HOODRobinhood | Financials | $87.2B | 21.4× | +71.3% | ||
NV NVDANvidia | Technology | $4.74T | 41.8× | +58.1% | ||
JP JPMJPMorgan | Financials | $704B | 13.2× | +15.4% | ||
MS MSFTMicrosoft | Technology | $3.31T | 34.1× | +19.8% | ||
ME METAMeta | Comms | $1.53T | 27.6× | +27.9% | ||
UB UBERUber | Consumer | $162B | 19.5× | +44.2% | ||
F FFord Motor | Consumer | $52.5B | 9.4× | +11.5% | ||
ON ONON Semi | Technology | $10.7B | 16.2× | -23.7% |
Interactive preview · sample data, not live market data · ten screens are loaded: Dashboard, NVDA, Portfolio, Insider Flow, Mimir, AI Assistant, Studio, Options Flow, Atlas and the Screener
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01ReadAI research
Is the NVDA cluster sell a red flag?
The sale ran under a 10b5-1 plan1, and data-center revenue is still up 154%2.
Ask in plain language. Read calls the tools an analyst would and answers with every number tied to the filing, table, or transcript it came from.
More on Read →02SignalsInsider, Congress, 13F, options
NVDA Form 4 cluster · 3 officers · $42.1MSEC EDGAR · 2m
Form 4 clusters ranked by conviction, STOCK Act disclosures inside a day, 13F changes across 70 funds, and the options tape. Every row names its filing.
See the signals →03Your bookConnected through Plaid
Form 4 cluster on NVDA, 42% of your book
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