The market is slowly shifting its focus to CPUs and ASICs.

The three CPU giants: AMD, Intel, and Arm.

I've held all three of these, but I've taken profits on all of them.

Intel at $46

AMD at $230

ARM at $130

I've said before, if there's a good pullback, I'll get back in.

I was hoping Intel's earnings might give an opportunity, but it shows no sign of turning back at all.

On the ASIC side, I only have a small position in MRVL, about 2% of my total portfolio. I'll just keep holding it.

This year,

Software stocks are soft enough; one earnings report and they flood.

Hardware stocks are really hard; SMH keeps hitting new highs frequently.

The sector divergence is really intense.....

$Intel(INTC.US)