A very bad week for all stocks, especially Tech stocks this week! Gold and metals showed a sign of recovery this week but were still down over the whole week.
I think (hope) the market will recover next week. This is not a bubble popping. The demand for AI is strong and I expect many businesses to start announcing higher annual profits next year due to the use of AI and a reduction of their workforce for 'greater efficiencies'. I especially expect +10% increase in companies involved in retail, finance, manufacturing and healthcare. As more AI data centers get connected (plugged in to power), I expect share prices of Tech companies to pick up again.
I am happy to continue to hold gold and metal miners too, and also some defence stocks like BAE and Tharisa.
If the market continues to go down, I will top up my Invest account from my savings (probably £5k) and buy more stocks. There will probably be a rally around the USA Mid-Term elections in early November. Tech results in the last month have been good but the markets have the jitters over the borrowing debt used to pay for the capital expenditure. There would be no problem if these new data centres could be plugged in and earning income, but at the moment there is a shortage of power, meanwhile interest on the debt has to be paid and the assets (CPU\GPUs) are depreciating.
I think shares in HP HPE, Lenovo and Dell will recover first as well as Seagate and Western Digital. Memory stocks may take a little longer, but I have topped up my IWFV ETF which has approx. 15% in Micron as well as other 'value' stocks.
Invest account
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| Sell orders last week... |
Due to some stops I had set a few weeks ago, I had some cash from the sale of Meta, Cat and Eaton. As well as topping up on World Value ETF IWFV, I bought Regeneron and more Lundin Gold. I also bought a token buy of AXTI AXT which was strongly tipped for growth and so I will keep aneye on it.
FREMONT, Calif.--(BUSINESS WIRE)--AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor substrates, will announce its financial results for the third quarter 2026 in a press release immediately following the close of market on October 29, 2026.
About AXT, Inc.
AXT is a material science company that develops and manufactures high-performance compound and single element semiconductor substrate wafers comprising indium phosphide (InP), gallium arsenide (GaAs) and germanium (Ge). The company’s substrate wafers are used when a typical silicon substrate wafer cannot meet the performance requirements of a semiconductor or optoelectronic device. End markets include AI/data center connectivity, 5G infrastructure, passive optical networks, LED lighting, lasers, sensors, power amplifiers for wireless devices and satellite solar cells. AXT’s worldwide headquarters are in Fremont, California where the company maintains sales, administration and customer service functions. AXT has its Asia headquarters in Beijing, China and manufacturing facilities in three separate locations in China. In addition, as part of its supply chain strategy, the company has partial ownership in over ten companies in China producing raw materials for its manufacturing process. For more information, see AXT’s website at https://investors.axt.com.
This is not a tip or advice - please do your own research!ISA account
About ZENA
ZenaTech, Inc., an enterprise software technology company, develops cloud-based software applications in Canada, South Korea, the United Kingdom, North America, Europe, Taiwan, and the United Arab Emirates. It provides cloud-based enterprise software solutions for the medical records industry; software solutions for the automated facility management and contact center industry; safety and compliance management software and mobile solutions; field service management software and mobile solutions; browser-based enterprise software applications for public safety; and quantum computing solutions.
The company also engages in the manufacturing, sale, and distribution of drones. The company serves businesses, government agencies, healthcare providers, educational institutions, law enforcement, infrastructure operators, agricultural enterprises, and commercial and industrial customers.
ZenaTech, Inc. was formerly known as ZenaDrone, Inc. and changed its name to ZenaTech, Inc. on October 5, 2020.
October Earnings
US-listed companies announcing their quarterly earnings in the coming weeks.
Key: PMO = Pre Market Open | AMC = After Market Close | E = Estimated
Summary
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| T212 GIA top losers (16\10\2026) after a bad week! |
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| Top winners for the week |
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| Losses over 7 days |
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| Biggest losers over 7 days |
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