Mid-week update and position check in

A few new trades - check it

Donald Trump swept through the Gulf with a wave of deal-making, greeted with red carpets and roaring crowds in Saudi Arabia, Qatar, and the UAE—where leaders rolled out the royal treatment and embraced his brand of diplomacy. The Gulf states are eager to strengthen economic and strategic ties with the U.S.

In yesterday’s note, I mentioned a number of US business leaders also showed up in Saudi Arabia as well (PLTR, TSLA, AMD, NVDA, AMZN, GOOG, CITI OpenAI, etc). The presence of these high-profile CEOs signaled strong U.S.-Saudi economic alignment, boosting investor confidence in sectors like AI (Nvidia, AMD, Google), defense (Boeing, Northrop Grumman), and finance (BlackRock, Blackstone).

Quick update on positions

We took advantage of a subset of names and ran on a few ideas, which I shared on our subscriber chat. The market was pretty much meow-meow but a few specific names moved - one of those days where it’s a stock picker’s market. We kept positions lighter than usual and will take a closer look to re-up positions as the days unfold.

SMCI: Super Micro Computer Inc.

SMCI announced a $20 billion multi-year partnership with Saudi data center firm DataVolt on May 13, to supply high-density servers powered by AMD’s EPYC 4005 processors. This deal, highlighted during Trump’s visit to Saudi Arabia, significantly boosted investor confidence, contributing to a 17.7% stock price surge on May 13 and continued gains through May 14. The partnership aligns with Saudi Arabia’s push to expand AI infrastructure, positioning SMCI as a key player in the region’s tech growth.