Samsung's 9x profit says the AI memory cycle isn't done.

Buy Samsung Electronics — Nikkei's near-ninefold profit jump on AI memory demand, plus a locked-in union bonus deal, is the cleanest single read on the memory cycle we have this morning.

Buy Micron — Samsung's blowout confirms the pricing Micron sells into; MU rose 4% last session, is up 245% YTD, and still trades at 5.3x forward P/E — cheap only if memory pricing holds.

Buy Semiconductors — Record memory earnings at the largest maker is a sector-wide read on AI capex staying hot; SOXX sits 11% below its 52-week high after a 1.1% pullback last session.

Buy South Korea equities — Samsung is the KOSPI's biggest weight and the profit beat plus bonus payouts are a direct index tailwind; EWY is 17% below its 52-week high and up 80% YTD.

Buy ExxonMobil — Two FT pieces confirm Western majors re-committing to Middle East reserves; XOM sits 7% below its 52-week high on a 14.4x forward P/E — cheap optionality on low-cost barrels.

Buy Shell — Shell has the deepest existing Middle East footprint among the majors and is 1% off its 52-week high after a 2.2% gain last session, at 9x forward earnings.

Buy Chevron — Chevron's Gulf assets position it for any concessions opened to Western firms, but neither FT report names a specific deal — this is a theme, not an event.

Buy France equities — FT's lone report says big managers are buying French risk post-selloff; EWQ at 1% above its 52-week low means either the call is early or it is catching a falling knife.

Buy Euro — If the France-driven panic is overdone, the euro is undervalued versus the fear priced in; FXE sits exactly at its 52-week low, so the crowding is on the other side.

Buy Deutsche Telekom — FT Lex's lone pitch is that telcos can convert network and land into data-centre capacity; DTE.DE at 10.5x forward and 22% below its 52-week high leaves room if it lands.

Buy Orange — Orange's infrastructure assets are the raw material for an AI-hosting pivot, but FT Lex names no capex or timeline, so this stays low conviction.

Buy Bitcoin — CoinDesk's lone report says BTC borrowing is going mainstream for tuition and working capital, which reduces forced selling — but there is no volume data to confirm it.

Buy Coinbase — Growing bitcoin-backed lending expands fee opportunities for crypto intermediaries; COIN is 56% below its 52-week high after a 3.9% drop last session, so any credit revival is a big move.

Buy Galaxy Digital — Galaxy's lending and trading desks are direct beneficiaries if BTC credit goes mainstream; GLXY is 53% below its 52-week high, so the option is cheap but unconfirmed.

Buy CrowdStrike — CrowdStrike is the firm named as identifying the attack, and each AI-enabled breach lifts detection demand; CRWD is 8% below its 52-week high after a 4.8% drop last session.

Buy Palo Alto Networks — Rising AI-driven attack volume on Korean and Japanese banks strengthens enterprise security budgets; Nikkei names no losses and no dollar figures, so this is a theme trade.

Buy Cybersecurity — A steady drip of AI-assisted bank attacks is a sector-wide demand driver; CIBR sits 2% below its 52-week high, so the market is already leaning into the theme.

Buy Alaska Air — Management guidance to triple international routes to 15 destinations by 2030 via JAL is a specific, dated target; ALK is 35% below its 52-week high, so execution re-rates it hard.

Hold Airlines — Asia-Pacific leads global capacity but Nikkei explicitly calls the outlook uncertain; JETS is 19% below its 52-week high and down 1.5% last session — no clean direction.

Buy Vingroup — Vingroup is the counterparty on a 200-trainset order expanding its infrastructure book; VIC.VN is 14% below its 52-week high with the technology-transfer clause the durable prize.

Buy Alstom — Alstom won the 200-trainset order and extends its Southeast Asia urban-rail footprint; ALO.PA is 48% below its 52-week high at 0.74x book — deep value if orders keep landing.

Buy Siemens — Siemens already holds Vingroup's $1bn bullet-train deal, so the wider pipeline keeps accruing to it; SIE.DE fell 2.75% last session and is 4.5% lower on the week.

Buy BYD — Western luxury brands backing away from EVs cedes ground to Chinese makers; BYDDY is 35% below its 52-week high and down 26% YTD, so the trade is deeply out of favour.

Sell Porsche — Nikkei reports a public retreat from EVs after China struggles, signalling margin and volume pressure, but the piece gives no numbers to size the damage.

Sell Volkswagen — Volkswagen controls Porsche, so the strategy U-turn and write-down risk flow to the parent; the report carries no figures, hence low conviction.

Buy Aerospace & Defense — Another confirmed Indo-Pacific naval order reinforces the region's defense spending uptrend; ITA is 21% below its 52-week high and fell 2.2% last session.

Buy Mitsubishi Heavy — Mitsubishi Heavy is the prime builder of the Mogami-class frigate Australia selected, but Nikkei gives no quantity or value for the order.

Buy Rare earths — Fortress-economy policy intensifies strategic-materials self-sufficiency; REMX is 45% below its 52-week high and 1% off its low, so positioning is washed out.

Buy Gold — Fragmentation and zero-sum geopolitics is the classic backdrop for central-bank gold accumulation, though GLD's 1.7% decline last session and 4% cushion over its 52-week low show momentum has cooled.