NBIL Jumps 23%, Nebius and CoreWeave Surge Double Digits — No Trades
August 3, 2026 · Not a full monthly letter — a short check-in between them
Green almost everywhere today. 31 of 32 positions up, and the one that wasn’t — Arm, −0.26% — barely counts. I don’t have a tidy explanation for why the market handed back so much of last week’s damage in a single session. I just watched it happen and wrote down what I saw.
NBIL was up 23%. Nebius and CoreWeave both posted double digits — the same two names Citadel picked up cheap from that forced Aschenbrenner sale I wrote about Saturday. It feels almost too clean that they’re the ones that bounced hardest, and I’m instinctively suspicious of a story that resolves that neatly. Said more of that in today’s Opinion piece if you want the longer version — I didn’t want to repeat myself here.
SanDisk added another 6%, still my biggest position. Vertiv, Rocket Lab, and WhiteFiber all had good days too. Microsoft’s earnings (covered here) lifted the whole tape, so some of this is just that.
No trades. A good day isn’t a decision — that’s the whole point of having the rules before the day happens, not after.
Price data via Massive Market Data. Personal views only, not investment advice.