Presented by Eagle Tree Ventures: The biggest gains in venture investing happen long before the IPO. Accredited investors can access select private deals alongside top-tier venture firms — deal-by-deal, zero obligation. Fill out this form to request access.

The AI trade is taking a breather, and it is showing up everywhere at once: chips extending last week's slide, memory names leading the retreat, and crypto exposure cooling after a violent three-day run in bitcoin. None of it reads as panic so much as a market that sprinted through August and is now checking its own math.

What is working instead is the trade you get when diplomacy breaks down, with money moving straight into domestic industrial names while a fresh round of analyst sponsorship lifted one consumer story. Rotation, not retreat.

The largest gains in venture investing often happen years before a company goes public. 

Eagle Tree Ventures gives accredited investors access to select private investments alongside top-tier venture firms through a transparent, deal-by-deal model. There’s zero obligation to invest. You simply review each opportunity and decide if it's right for you.

If you want access, fill out this form, schedule a time to speak to our team and we’ll see if it’s a fit.

Nucor (NUE): +4%

Domestic steel names caught a bid after trade negotiations between the US and Canada collapsed on Friday, with Steel Dynamics (STLD) climbing over 4% alongside Nucor. Canada is set to target the US steel industry in retaliatory tariffs beginning September 8. The market is treating escalating trade friction as protection for domestic producers rather than a risk to them.

Jersey Mike's Subs (JMKE): +1%

The sandwich chain is inching higher after a slew of Wall Street firms initiated coverage at Buy, with analysts broadly calling the stock undervalued and pointing to upside from here. Coordinated initiations give a name a base of analyst sponsorship it did not have before, which matters more than the size of today's move.

Sandisk (SNDK): -6%

Memory storage names are opening the week broadly in the red, and Sandisk is leading the retreat, with Western Digital (WDC) and Seagate Technology (STX) both off close to 4% and Micron Technology (MU) down 3.5%. No single-company catalyst is behind it, which points to sector-wide de-risking rather than anything specific to Sandisk.

Marvell Technology (MRVL): -4%

Semiconductors are extending last week's slide, with the iShares Semiconductor ETF (SOXX) down almost 2% and Marvell is falling hardest in the group. Advanced Micro Devices (AMD) and Intel (INTC) are each off about 2%. Two straight weeks of pressure in the sector that has carried this market all year is the kind of thing that starts changing the tone.

Alibaba (BABA): -2%

The Chinese technology company is raising $10.2 billion through new shares sold to non-US investors, with all of the proceeds earmarked for its AI projects and its AI infrastructure in particular. US-listed shares are lower on the dilution, but the size of the raise tells you how aggressively Alibaba intends to spend on the buildout.

Coinbase (COIN): -2%

Bitcoin stalled around $77,000 over the weekend after a three-day run that lifted it 22% last week, and the crypto-linked trading platforms are giving a little back.

The largest gains in venture investing often happen years before a company goes public. 

Eagle Tree Ventures gives accredited investors access to select private investments alongside top-tier venture firms through a transparent, deal-by-deal model. There’s zero obligation to invest. You simply review each opportunity and decide if it's right for you.

If you want access, fill out this form, schedule a time to speak to our team and we’ll see if it’s a fit.

Gap (GAP)

Gap has climbed to the top of the r/wallstreetbets mention board. The debate is narrow and specific: whether Old Navy, the brand behind a 15% single-day drop after the last print, has stabilized, and whether August's wave of analyst downgrades has already reset the bar low enough.

Barclays cut the stock to Equal Weight from Overweight earlier this month, and shares are trading in the low $20s against a beaten-down valuation. Retail seems to be treating that combination as a setup worth watching, though a repeat of May's Old Navy miss would test the thesis quickly.

✌️That’s it for today.