Olena Levchun @OlenaL: "Dear Copiers & Followers, February will..."

Switzerland

Dear Copiers & Followers, February will be closing in the red: currently around -4% 🔻📉. Not the month we hoped for, but volatility is part of the game, especially when AI headlines keep rewriting the script every week. A large part of our portfolio has been kept in cash in the past 6 months due to the high valuation in tech. Expect to see part of it deployed in the coming weeks: to re-enter certain growth positions at a cheaper/more reasonable valuation and enter defensive positions as a portfolio protection. The analysis is in progress. ⏳ Let’s see news which created high volatility this month. 🧠 𝘼𝙄 𝙀𝙪𝙥𝙝𝙤𝙧𝙞𝙖 𝙤𝙧 𝙍𝙚𝙖𝙡𝙞𝙩𝙮 𝘾𝙝𝙚𝙘𝙠? 🚦 $NVDA (NVIDIA Corporation) delivered stronger-than-expected earnings, with data center revenue up roughly 75% YoY and demand described as “off the charts.” Markets cheered: the Dow, $SPX500 and Nasdaq all pushed higher after the print. Yet beneath the surface, questions remain. Valuations have cooled, AI infrastructure spending is exploding, and some investors fear parts of software could struggle if the cycle gets overcrowded. Even solid numbers from giants aren’t always enough when expectations are sky-high. 🚀 $𝙈𝙀𝙏𝘼 𝙂𝙤𝙚𝙨 𝘼𝙡𝙡-𝙄𝙣 𝙒𝙞𝙩𝙝 𝙖 𝙏𝙬𝙞𝙨𝙩 🎯 $META (Meta Platforms Inc) agreed to a massive multi-year deal with $AMD (Advanced Micro Devices Inc), securing tens of billions worth of AI chips and even taking a stake in the chipmaker. The message? Diversify beyond Nvidia. With AI infrastructure spending expected to hit record levels, Meta seems to be shifting from pure AI race participant to infrastructure powerhouse: data centers, custom chips, multi-vendor strategy. A hedge… or a masterstroke? 💰 𝙋𝙧𝙤𝙛𝙞𝙩𝙨 𝙐𝙥, 𝙎𝙥𝙚𝙣𝙙𝙞𝙣𝙜 𝙀𝙫𝙚𝙣 𝙃𝙞𝙜𝙝𝙚𝙧 ⚖️ S&P 500 revenues are growing at their fastest pace in three years, margins are expanding, and earnings look strong. But Big Tech’s planned ~USD 650B AI capex spree has investors blinking. The 1990s telecom bubble comparisons are back. The key question: sustainable productivity boom, or overbuild before consolidation? Staying disciplined, Olena

Not investment advice. The author may have financial interests in the mentioned instruments.