The market was a bloodbath today.

The S&P 500 plunged 4.4%, its worst day since April 2025, while the Nasdaq fell 5.5%, officially entering correction territory.

The Democratic sweep in the midterm elections has raised concerns about tighter AI regulation and restrictions on data-center construction.

But I believe there's more to this selloff than politics.

Profit-taking, deleveraging, and the unwinding of crowded AI positions are likely amplifying the decline, with investors selling first and asking questions later.

Yet many of the companies being punished recently reported exceptional results, with some providing visibility into demand extending as far as 2030.

The risks are legitimate, but I don't believe their long-term prospects have deteriorated nearly as much as their share prices suggest.

After months of volatility, the prices I've been waiting for are finally starting to appear.

I have no idea whether the market has reached a bottom, and frankly, I wouldn't be surprised if the selling continued.

But I don't need to predict the bottom to recognize an attractive opportunity.

This week, I’ve swapped one position for another, initiated a new stake, and increased a separate holding by 67%.

Below, I'll walk through the trades I've made, the reasoning behind those decisions, and where I'm looking to deploy additional capital.

Disclaimer: This is not financial or investment advice. I'm sharing my personal investment decisions and reasoning for educational and informational purposes. Always do your own research before making any investment decisions.