Inactive · newly observed relationshipLatest completed snapshot · Jun 16 · 13:38 ET

MARKET-DISCOVERED GROUP

Infrastructure Technology

THE TRADER READRecurring relationship, inactive in the latest snapshot

7 of 12 measured SPY-adjusted paths align to the downside across 7.7 effective names. Common-bar coverage spans 12 of 18 cohort members. Capital-flow confirmation is unavailable. No verified headline preceded the measured move.

Price breadth4 up · 13 down-0.8% median path versus SPY

Capital-flow alignmentUnavailablePrice breadth is not yet confirmed by flow

Activity nowCalmActivity score 5/100 · lift 0.8×

Evidence depth1 support daysLow sample—context, not a validated playbook

EVIDENCE CLOCK

What happened, in timestamp order

4 timed events · 10:00–15:55 ET

TIMING READNo verified timestamped headline was found within 24 hours of the first measured price move in the available common-bar window. The move currently reads as market-led or unexplained.

12:00 ET
5-minute inferenceARQQ registered the first material upside path
+3.29% session path at the threshold · ARQQ
12:00 ET
5-minute inferenceOUST registered a material upside path
+3.27% session path at the threshold · OUST
12:00 ET
5-minute inferenceAMPG registered a material downside path
-0.89% session path at the threshold · AMPG
12:00 ET
5-minute inferenceCORZ registered a material downside path
-0.90% session path at the threshold · CORZ

2 earlier filing context receipts

THU, MAR 19AEVA filing documented shared operating contextcredit / rates affecting interest expense · date precision only

WED, MAR 25AMPG filing documented shared operating contextcredit / rates affecting interest expense · date precision only

THEME CONSTRUCTION

Broad move or one-stock disguise?

SPY-adjusted 5m paths

Observed movement is broad across 7.7 effective names. ARQQ represents 22.1% of absolute path energy; 7 of 12 members align with the down relative path.

ConstructionBroad22.1% from the largest path

Effective names7.7 / 1212 of 18 cohort members had common bars

Direction breadth7/12 aligneddownside relative path · 4 counter-moving

Largest moverARQQ 22.1%39.6% from the top two paths

ARQQ22.1%Counter-move · path +6.42% · basket +0.54pp

OUST17.5%Counter-move · path +5.10% · basket +0.42pp

KRMN12.8%Counter-move · path +3.72% · basket +0.31pp

AMPG10.7%Aligned contributor · path -3.11% · basket -0.26pp

CORZ10.5%Aligned contributor · path -3.06% · basket -0.26pp

APLD6.2%Aligned contributor · path -1.79% · basket -0.15pp

NBIS5.3%Aligned contributor · path -1.54% · basket -0.13pp

IMSR4.0%Aligned contributor · path -1.15% · basket -0.10pp

LAES4.0%Counter-move · path +1.17% · basket +0.10pp

CRWV3.9%Aligned contributor · path -1.14% · basket -0.10pp

MRCY1.9%Aligned contributor · path -0.56% · basket -0.05pp

AEVA1.1%Flat / inactive path · path +0.31% · basket +0.03pp

01 · WHAT IS HAPPENING

The move, the flow and who is driving it

Price breadth, unusual activity and signed capital flow are separate observations

HOW THE PRICE MOVE SPREAD

Observed session sequence

5-minute bars · inferred

12:00 ET
ARQQ moved higher firstFirst member to clear the material path threshold · path +3.29%
12:00 ET
OUST registered a material higher path0m after the first price move · path +3.27%
12:00 ET
AMPG registered a material lower path0m after the first price move · path -0.89%
12:00 ET
CORZ registered a material lower path0m after the first price move · path -0.90%
12:00 ET
NBIS registered a material lower path0m after the first price move · path -1.42%
12:00 ET
LAES registered a material higher path0m after the first price move · path +1.64%

Sequence inferred from aligned 5-minute price paths; it is not a causal ordering.

RELATIVE CO-MOVEMENT

How the members are behaving together

SPY-adjusted

Sep 25 · 10:00 ETMove visible 15:45 ETSep 25 · 15:55 ET

Group median -0.85%Strongest relative path ARQQWeakest relative path AMPG

Observed member paths adjusted against SPY. The dashed marker shows when the median move first cleared a material threshold; shading marks the latest 20% of the observed window.

02 · WHY IT MATTERS

Why now and where the move could travel

Context and lead/lag links are evidence, not proof of causation or a forecast

WHY NOW

Verified recent context

0 items

No verified recent catalyst is attached to this move. The relationship may be market-led rather than news-led.

WHY THIS GROUP EXISTS

Shared filing context

14/18 members covered

Moderate filing support: the strongest shared 10-Q/K outlook is operating setup (near-term outlook) across AEVA, AMPG, APLD, CORZ, CRWV, IMSR, KRMN, MRCY, OUST, SMR, SPIR.

credit / rates affecting interest expense

“Other income (expense), net Other income (expense), net increased by $0.5 million for the year ended December 31, 2025 due interest expense of $0.7 million recorded on convertible debt, partially offset by a gain on foreign currency transactions.”
AEVA 10-K · 2026-03-20

demand / volume

“The WaaS market has witnessed significant growth in recent years, driven by the increasing demand for flexible and scalable warehousing solutions.”
SYM 10-K · 2025-11-24

product pipeline / R&D affecting expense

“Research and Development Expenses For the Three Months Ended Change March 28, 2026 March 29, 2025 Amount % (dollars in thousands) Research and development $ 51,283 $ 57,960 $ (6,677) (12) % Percentage of total revenue 8 % 11 % The decrease in research and development expenses for the three months ended March 28, 2026, as compared to the three months ended March 29, 2025, is due to the following: Change (in thousands) Employee-related costs $ 528 Prototyping-related costs, allocated overhead expenses, and other (7,205) $ (6,677) Employee-related costs remained relatively flat for the three months ended March 28, 2026, as compared to the three months ended March 29, 2025.”
SYM 10-Q · 2026-05-06

CONFIRMATION NETWORK

Outsiders and cross-asset links

0 outsiders confirming

No qualified cross-asset lead/lag link is available for this group.

Filing-linked outsiders test whether the move is spreading beyond the established cohort.

CLSKNot confirming

CORZ · text peer

KEELNot confirming

APLD · text peer

HUTNot confirming

CORZ · text peer

DGXXNot confirming

CORZ · text peer

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately

SYMSMRCORZMRCYAPLDNBISCRWVKRMNARQQOUSTTSSIAMPGAEVASPIRLAESSERVIMSRWLAC

5/18 active4 rising · 13 falling

MemberUnusual activityToday's moveRead now

SYMSymbotic Inc.

Most unusual · 100/100

-1.2%

Active; unclassifiedActive in 0% of observed group sessions

SMRNuScale Power Corporation

Elevated · 72/100

-0.8%

Active; unclassifiedActive in 0% of observed group sessions

CORZCore Scientific, Inc.

Elevated · 48/100

-4.3%

Aligned path contributorActive in 0% of observed group sessions

MRCYMercury Systems, Inc.

Elevated · 39/100

-1.1%

Aligned path contributorActive in 0% of observed group sessions

APLDApplied Digital Corporation

Elevated · 37/100

-3.0%

Aligned path contributorActive in 0% of observed group sessions

NBISNebius Group N.V.

Quiet · 34/100

-2.5%