#AIStockGuruReportedlyBullishOnAI

Market chatter suggests that a fund linked to the so-called AI stock guru has rebuilt bullish positions across the AI complex. Names being mentioned include SNDK, BE, INTC, CRWV, SKHY and AMD. After a sharp 67 percent drawdown earlier in the summer for some of these names, the open question is whether this marks the start of a real comeback or simply another short-term positioning move.

On the daily chart SanDisk is trading near 1,692 after a recent bounce. Immediate resistance sits in the 1,780–1,860 zone, with a thicker supply band higher around 1,900–1,946. Support starts at the 1,500–1,549 area and then the deeper 1,190–998 region. The structure shows a clear recovery from the mid-year lows, but the upper range still contains multiple overlapping supply zones that have capped previous advances.

The bullish case is a clean hold above 1,500–1,549 and a subsequent push through 1,780. If the reported institutional re-entry into AI names is real and the broader semiconductor narrative stays constructive, the path of least resistance can open higher. In that scenario the entire 1,692–1,500 region becomes the first support band on any pullback.

The bearish case starts with a failure to hold 1,500. A break under that level on rising volume would likely target the lower support cluster and turn the current bounce into a short-term liquidity event. After a multi-month recovery, some digestion is normal when supply zones are retested.

I am treating 1,780 as the near-term upside reference and 1,500 as the short-term trend filter. The chatter around institutional repositioning is worth monitoring, yet the chart still has to confirm whether buyers are willing to defend the recovery or whether the market needs more time. Size stays measured until one of those levels resolves with volume.

Do you see the reported AI fund activity as the start of a broader comeback in the complex, or are you waiting for clearer confirmation on the chart before adding exposure. Share your framing.

‍#SNDK #AIStocks $SNDK