Post-market briefing

Wednesday, August 12, 2026

What moved in a real portfolio, and why. This is an actual Holdings Daily briefing as delivered, not a summary of one. Every claim links to the article it came from, and the email is blocked from sending if it does not: how we source.

A demo portfolio of widely-held names, briefed on the real schedule. Not a subscriber's holdings.

Portfolio Snapshot

Equities

TickerPriceDay %YTD %52W Range Pos
CRDO$268.16+8.26%
 
+86.36%82%
IONQ$45.20+4.05%
  
+0.74%33%
NOW$124.94-2.04%
  
-18.44%39%

Watchlist

TickerPriceDay %YTD %52W Range Pos
MRVL$217.08+2.25%
 
+155.45%58%
ARM$271.87+1.09%
  
+148.71%49%

Market Overview

IndexPriceDay %YTD %
S&P 500 (SPY)$772.47+0.25%+13.28%
Nasdaq-100 (QQQ)$723.65+0.72%+17.80%
Dow Jones (DIA)$537.13-0.03%+11.77%
Treasury yields: 2Y 4.25% | 10Y 4.72% | 30Y 5.25% | Fed Funds 3.63%

Holdings Breakdown

CRDO closed at $268.16, up 8.26% on the session. Today's surge follows continued focus on Credo's position in AI optical networking, where SiPho PIC and microLED roadmap developments alongside hyperscaler capital spending are seen as structural tailwinds. A separate analysis published this morning argues the valuation has moved well beyond what near-term fundamentals can support, framing the stock as a detached-from-reality expectation play rather than a earnings-grounded one.

IONQ closed at $45.20, up 4.05% on the session. The session's gain followed IonQ's Q2 report, which showed revenue soaring 287% year-over-year to roughly $80 million alongside a contracted backlog now approaching $485 million. The company is guiding toward continued organic revenue growth while absorbing recent acquisitions, though adjusted EBITDA losses remain substantial at roughly $120 million. Analyst projections anticipate the revenue scaling trajectory could extend well into 2028 as quantum computing commercialization accelerates.

NOW closed at $124.94, down 2.04% on the session. Cybersecurity and software names broadly lifted after Black Hat 2026, where AI launches across the sector drove a surge in related stocks, a tailwind that has supported application software broadly over the past month. The conference's focus on AI risk integration underscores how platform vendors like ServiceNow are increasingly positioned at the intersection of enterprise automation and security workflow.

Watchlist

Also moved: MRVL +2.25%, ARM +1.09%.

Bottom Line

CRDO surged +8.26% on company news, leading the portfolio to a net gain for the session, while NOW slipped -2.04% on its own company developments and IONQ added +4.05% to round out an otherwise broadly positive day across the three equity positions.

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