Michal Hlavacka @Michalhla: "𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐮𝐩𝐝𝐚𝐭𝐞 - 𝐰𝐞𝐞𝐤 𝐞𝐧𝐝𝐢𝐧𝐠..."

Czech Republic

𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐮𝐩𝐝𝐚𝐭𝐞 - 𝐰𝐞𝐞𝐤 𝐞𝐧𝐝𝐢𝐧𝐠 𝐉𝐮𝐥𝐲 𝟏𝟗 Past week returns: 🔴 This Portfolio: -2.26% 🔴 $SPY (State Street SPDR S&P 500 ETF) -1.55% 12 month returns: 🟢 This Portfolio: 29.61% 🟢 S&P 500: 18.43% 2 year returns (since Jan 2024): 🟢 This Portfolio: 231.42% 🟢 S&P 500: 56.35% Since March 2020 (start of the portfolio) 🟢 This Portfolio:+1023.12% 🟢 S&P 500: 152.51% Check out more statistics about the portfolio here: bullaware.com/etoro/Michalhla 𝐂𝐡𝐚𝐧𝐠𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐩𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 The pullback in the market created an opportunity to add to several of our holdings. I have added - positions amounting of the portfolio to 1.5% to $CRWV (CoreWeave Inc) - 1.5% to $KLAR (Klarna Group plc) - 1% to $TSM (Taiwan Semiconductor Manufacturing Co Ltd - ADR) - 0.5% to $ASTS (AST SpaceMobile Inc) I have closed our positions in $UNH (UnitedHealth) amounting to 0.49% and 0.64% of the portfolio earning 32.21% and 50.2%, respectively, after holding the positions for 7 and 12 months. The thesis was that the company and its valuation will normalize after the turmoil related to the murder of the CEO and publicity about the high rate of rejections of claims. The stock now trades at roughly 80% of the highs prior to the fall caused by the mentioned turmoil and I view the upside as limited compared to other opportunities. 𝐍𝐞𝐰𝐬 The market is having another negative week with the AI and semiconductors related stocks falling significantly. It seems that some of the leveraged investors are now being forced to sell, which creates further downward pressure. Two of our AI pick-and-shovel investments reported positive quarterly earnings. $ASML (ASML Holding NV) reported €9.3 billion in sales and gross margin of 54% - both exceeding guidance. The company outlined plans to increase production capacity significantly in 2027 and 2028 and increased its revenue guidance for 2026 for the second time. This time the increase was from €36–40 billion range to €43–45 billion. Similarly, $TSM reported a beat and raised its 2026 revenue guidance. The Q2 revenue was 1.27 trillion TWD, which is 36% higher than Q2 last year (36% on a currency-neutral basis) and net income of 706 billion TWD, which is 77% higher year over year. The market did not like the announced increase in the capital expenditure plan and another $100 billion allocated for the Arizona plants and the stock fell after the earnings. In my view, the increase in capex is the right move. Failing to supply the market with sufficient volume of wafers would push customers to other suppliers or try to do something like Elon Musk wants to with Terafab and manufacture their chips themselves. Disclaimer: Copy Trading is not investment advice | Capital at risk | Past performance does not guarantee future results

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