A key test looms for the AI trade this week. Here's how Mike Khouw is trading it

Published 28 Sep 2026, 17:57 UTC. Updated 29 Sep 2026, 10:30 UTC.

Micron reports after the bell Wednesday.

Directly affected

MU Micron Technology
Named in this report.

Indirectly affected

NVDA NVIDIA
Chip makers and their suppliers move when export rules or Taiwan risk changes
TSM Taiwan Semiconductor
The main advanced-chip manufacturer sits in Taiwan
ASML ASML
Chipmaking-equipment sales follow export rules
AVGO Broadcom
Chip makers and their suppliers move when export rules or Taiwan risk changes
AMD AMD
Chip makers and their suppliers move when export rules or Taiwan risk changes
AMAT Applied Materials
Chip-equipment makers feel export controls
LRCX Lam Research
Chip-equipment makers feel export controls
SMH VanEck Semiconductor
A fund of semiconductor companies
SOXX iShares Semiconductor
A fund of semiconductor companies
QQQ Invesco QQQ
Big tech moves with chip-supply risk

Price reaction, T-5 to T+3

Ticker	T-5	T-3	T-1	T0	T+1	T+2	T+3
MU	—	—	—	—	—	—	—
NVDA	—	—	—	—	—	—	—
TSM	—	—	—	—	—	—	—
ASML	—	—	—	—	—	—	—
AVGO	—	—	—	—	—	—	—
AMD	—	—	—	—	—	—	—
AMAT	—	—	—	—	—	—	—
LRCX	—	—	—	—	—	—	—
SMH	—	—	—	—	—	—	—
SOXX	—	—	—	—	—	—	—
QQQ	—	—	—	—	—	—	—

Micron reports after the bell Wednesday.

Source: CNBC Top

Price since this story was published: SuperX AI Technology (SUPX)

Since the first closing price after “A key test looms for the AI trade this week. Here's how Mike Khouw is trading it,” SuperX AI Technology (SUPX) is -2.82%. The S&P 500 fund (SPY) is +0.29% over the same days, a -3.11% difference versus the market.

SUPX

SPY

Who reported a SuperX AI Technology (SUPX) trade near this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who gains and who loses around SuperX AI Technology (SUPX)

Companies carried with this story

SUPX SuperX AI Technology
SuperX AI Technology (SUPX) is linked, with no stored direction, medium confidence in the 28 Sep 2026 story “A key test looms for the AI trade this week. Here's how Mike Khouw is trading it.” Reason on file: GA selected SUPX as a RELATED security because its canonical security name directly matches this event's themes: technology, ai. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
ABAT American Battery Technology
American Battery Technology (ABAT) is linked, with no stored direction, medium confidence in the 28 Sep 2026 story “A key test looms for the AI trade this week. Here's how Mike Khouw is trading it.” Reason on file: GA selected ABAT as a RELATED security because its canonical security name directly matches this event's themes: technology. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
ACM Aecom
Aecom (ACM) is linked, with no stored direction, medium confidence in the 28 Sep 2026 story “A key test looms for the AI trade this week. Here's how Mike Khouw is trading it.” Reason on file: GA selected ACM as a RELATED security because its canonical security name directly matches this event's themes: technology. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
AOSL Alpha & Omega Semiconductor
In “A key test looms for the AI trade this week. Here's how Mike Khouw is trading it,” Alpha & Omega Semiconductor (AOSL) is linked, with no stored direction, medium confidence. Reason on file: GA selected AOSL as a RELATED security because its canonical security name directly matches this event's themes: semiconductor. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
BBAI BigBear.ai Holdings
In “A key test looms for the AI trade this week. Here's how Mike Khouw is trading it,” BigBear.ai Holdings (BBAI) is linked, with no stored direction, medium confidence. Reason on file: GA selected BBAI as a RELATED security because its canonical security name directly matches this event's themes: ai. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
CHAT Roundhill Generative AI & Tech
Roundhill Generative AI & Tech (CHAT) is linked, with no stored direction, medium confidence in the 28 Sep 2026 story “A key test looms for the AI trade this week. Here's how Mike Khouw is trading it.” Reason on file: GA selected CHAT as a RELATED security because its canonical security name directly matches this event's themes: ai. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

SuperX AI Technology (SUPX)

“A key test looms for the AI trade this week. Here's how Mike Khouw is trading it” (28 Sep 2026) reaches SuperX AI Technology (SUPX) through this story.

SuperX AI Technology (SUPX) is on the page because GA selected SUPX as a RELATED security because its canonical security name directly matches this event's themes: technology, ai. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

American Battery Technology (ABAT) is here too. Its reason reads: GA selected ABAT as a RELATED security because its canonical security name directly matches this event's themes: technology. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

The price range for SuperX AI Technology (SUPX), and the dates in the story

ABAT traded between 1.42 and 2.42 across 20 sessions. The latest close on file is 1.44. ACM traded between 56.41 and 63.73 across 20 sessions. The latest close on file is 57.99. SUPX traded between 6.15 and 7.09 across 10 sessions. The latest close on file is 6.72.

How strong the case is around SuperX AI Technology (SUPX)

46 out of 100

“A key test looms for the AI trade this week. Here's how Mike Khouw is trading it” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.