Institutional Q2 Holdings Revealed! What Is "Smart Money" Buying?

Henry秒懂美股

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US Stock Pre-Market Sentinel (0814)

I. US Broad Market Environment

The Nasdaq closed yesterday above the 26,800 level mentioned during the live stream. Should we chase the rally decisively here? Henry's view: There is potential, but we need to observe for another three days.

First, if a subsequent bullish candle confirms the move, we can enter, but keep position sizing light. Why? Because this upward pattern remains subject to change—the yellow K-line indicates resistance persists, and the price is still far from the purple band. Although the trend chart continues to rise, caution is warranted.

Second, if the index pulls back to 26,800 before rising again, entering on the right side after the second pullback confirmation would be safer.

Summary: It is more prudent to wait for stabilization near 26,800 on a retest before entering. If there is no pullback, add to positions on the right side after bullish candle confirmation, but strictly control position size.

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II. Five Stocks Heavily Accumulated by Wall Street

[1] Google

Wall Street Activity: Berkshire Hathaway significantly increased its Google holdings by approximately $10 billion in the second quarter, making Google one of the top five holdings in Berkshire's entire investment portfolio.

Rationale for adding to positions: Strong growth in Google Cloud, sustained expansion in the digital advertising business, and significant capital expenditure commitments to enterprise-grade AI infrastructure.

Buffett's entry cost: In June, he acquired Google Class C common shares (GOOG) via a $10 billion private placement at a cost basis of $348.20 per share. Henry previously suggested an entry point below $330, later widening the range to below $350. I added to my position at $345, aligning perfectly with Buffett's cost basis.

Key Insight: Google is the largest shareholder in SpaceX, with its stake accounting for up to 95% of Google's investment portfolio. Buying Google stock is equivalent to holding an indirect position in SpaceX. For investors looking to gain exposure to SpaceX but concerned about high volatility and uncertainty, this offers a more stable approach.

Henry's Stance: Google has long been recommended on his channel as a strong candidate for long-term positioning. The earnings report two weeks ago provided an opportunity for the price to dip below the entry zone, and some followers have already taken positions.

Strategy Update: Entry points between $330 and $350 are worth considering; add to positions below $350 (already executed). However, do not expect an immediate surge in share price; positive catalysts are needed. The medium- to long-term thesis remains unchanged, driven by the triple engines of AI, cloud computing, and advertising.

[2] Amazon (AMZN)

Wall Street Moves: Multi-strategy asset managers, including Bridgewater Associates, significantly increased their positions in Amazon during the second quarter.

Following the earnings release, the stock price skyrocketed like a firework, briefly hitting $287 to set a new all-time high. It has since pulled back and is currently consolidating around $265.

Earnings Core: AWS cloud business saw substantial growth. Although the company announced another increase in AI-related capital expenditures, Wall Street did not continue to suppress the stock price this time, acknowledging the impressive earnings results.

Technical Assessment: The area around $265 represents a gap fill overlapping with support from the Rainbow Band indicator, suggesting potential stabilization here. However, there is no confirmed right-side entry opportunity yet, as the stock remains in a phase of oscillation and consolidation.

Henry's View: Prices around 260 feel somewhat expensive; the area around 250 shows active chip distribution, making it more suitable for entry.

Strategy: Wait for stabilization at 265 before looking for right-side trading opportunities; the ideal entry range is 250-260.

[3] Taiwan Semiconductor (TSM)

Taiwan Semiconductor is the stock Henry has been watching recently for a buy position. It does not design chips but provides foundry services for all major chip manufacturers—NVIDIA, AMD, Apple, Broadcom, and Google TPU chips are all produced by Taiwan Semiconductor. In the AI era, while everyone is digging for gold, Taiwan Semiconductor is the one producing the shovels, holding a dominant market position with a very deep moat.

Apart from the potential issue of geopolitical risks associated with non-US companies, there are hardly any flaws to pick out.

The current share price is around 430. In the short term, any slight pullback offering an opportunity would be a good time to get on board.

Strategy Update: Initial position range 380-390; add-on position at 350. Currently, the TD Sequential structure has reached this point; it is prudent to wait for a pullback before entering for better safety.

[4] Micron Technology (MU)

MU benefits from the dual tailwinds of memory and chips, aligning with the two hottest current themes. While it is a quality stock, one should still avoid chasing highs and instead build positions during pullbacks at discounted prices.

Strategy Update: The previous level given was within 800, with 960 acting as resistance due to a long upper shadow (not a true breakout). Updated now: Levels within 850 can serve as both initial and add-on entry points, while the support levels at 800 and 750 remain unchanged.

Core Thesis: Post-earnings, the entire AI spending spree has been validated as worthwhile. Many companies are seeing their commercialization efforts take shape, and demand for storage remains robust.

Strategy: Buy the dip aggressively—accumulate in tranches below 850 and 800, and establish a heavy position below 750.

[5] Broadcom (AVGO)

Rationale for Adding Positions: Strong demand for customized AI accelerators (ASICs) and network switches; VMware has been successfully integrated and is contributing to cash flow.

Two Major Chip Segments: GPUs (NVIDIA, AMD) and ASICs (Broadcom is the leader). The market share for customized ASIC chips is expanding, and analysts predict their growth rate may outpace traditional GPUs in the future, making this a key sector for strategic allocation.

Strategy Update: Initiate observation positions in the 390-400 range, and add to positions at 370.

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3. Special Focus: NBIS (Nebius)

Earnings Explosion: Q2 revenue surged 454% year-over-year to $582.3 million, comprehensively beating market expectations. The CEO explicitly stated that the company held its first compute capacity auction in Q2, with NVIDIA Blackwell chips trading at a price 15% higher than previous peaks. CoreWeave also announced a 25% price increase in July.

Supply-Demand Dynamics: AI compute leasing prices are hitting new highs, with significant premiums on short-term contracts. There is a severe shortage of immediately deliverable compute capacity, and the demand gap continues to widen, which is the core driver behind the earnings explosions at NBIS and CoreWeave.

The Big Short's Michael Burry: After Nebius' stock soared 34% following its earnings report, he increased his short position against the trend, labeling it 'the epitome of peak euphoria.' However, this did not halt the stock's rise, indicating that market capital's bullish sentiment toward AI infrastructure outweighs the bearish logic of prominent shorts.

Strategy Update (Price Level Adjustment):

Maintain support levels at 170 and 190 on the downside.

Add a new resistance level at 215 on the upside (above the gap); consider adding to positions if it holds firm.

Core Logic: Computing power leasing remains in a price hike cycle. NEBIUS, as a core beneficiary, has strong medium-to-long-term fundamentals.

Risk Warning: Pay attention to Burry's short positions—if computing power prices soften later, high-valuation stocks may become easy targets for short sellers. It is safer to wait for stabilization above the 215 gap before adding positions on the right side of the trend.

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4. Core Variables This Week

- Whether the Nasdaq firmly establishes itself at 26,800: Two consecutive bullish candles would confirm the start of a new rally; a pullback suggests waiting for a right-side entry opportunity.

- Google: Launch of the Pixel 11 series; Tensor G6 chip offers a 50% increase in TPU computing power; Gemini 3.7 Flash model API prices are discounted by 50% for a limited time, intensifying AI competition.

- Memory Sector: Micron Technology, SanDisk, Western Digital, and SK Hynix all surged on strong HBM demand, with DRAM/NAND contract prices continuing to hit new highs.

- Broadcom: The 370–390 gap zone is a key observation window, with ongoing validation of VMware integration results.

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Risk Disclosure: The above content represents personal opinions only and does not constitute investment advice. The stock market involves risks; please trade with caution.

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