Olena Levchun @OlenaL: "𝗗𝗲𝗮𝗿 𝗖𝗼𝗽𝗶𝗲𝗿𝘀 & 𝗙𝗼𝗹𝗹𝗼𝘄𝗲𝗿𝘀, As we..."

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𝗗𝗲𝗮𝗿 𝗖𝗼𝗽𝗶𝗲𝗿𝘀 & 𝗙𝗼𝗹𝗹𝗼𝘄𝗲𝗿𝘀, As we navigate the final week of June, the market has delivered a masterclass in volatility and fundamental resilience. While broader indices experienced mixed trading sessions amid global macro adjustments, the underlying catalysts in the technology sector remain anchored to tangible infrastructure and hardware advancements. Here is the critical data driving our market environment this week: 🧠 𝗧𝗵𝗲 𝗔𝗜 𝗛𝗮𝗿𝗱𝘄𝗮𝗿𝗲 𝗥𝗲𝗯𝗼𝘂𝗻𝗱: Any fears that the AI infrastructure trade had run too hot were immediately addressed this week. $MU (Micron Technology, Inc.) soared nearly 16% after delivering a massive earnings beat and issuing a stronger-than-expected growth forecast. Simultaneously, $QCOM (Qualcomm Inc) surged following an upgrade to its data center revenue forecast—now targeting USD 40 billion—and the announcement of its new Dragonfly C1000 CPU, which Meta already plans to deploy. The demand for physical AI memory and processing bandwidth continues to drastically outpace broader market expectations. 🔬 𝗣𝘂𝘀𝗵𝗶𝗻𝗴 𝘁𝗵𝗲 𝗣𝗵𝘆𝘀𝗶𝗰𝗮𝗹 𝗟𝗶𝗺𝗶𝘁𝘀: The semiconductor industry witnessed a historic milestone this week. $IBM (International Business Machines Corporation (IBM)) officially debuted the world’s first sub-1 nanometer chip technology. Utilizing a revolutionary "nanostack" 3D transistor architecture at the 0.7nm node, this breakthrough projects up to 70% greater energy efficiency than current 2nm chips. As hyperscalers desperately seek to reduce the massive power consumption of AI data centers, sub-1nm architectural scaling provides a critical solution to the sector's most pressing energy bottlenecks. 🍏 𝗖𝗼𝗻𝘀𝘂𝗺𝗲𝗿 𝗣𝗿𝗶𝗰𝗶𝗻𝗴 𝗣𝗼𝘄𝗲𝗿 𝗧𝗲𝘀𝘁𝗲𝗱: While B2B hardware flourishes, the consumer electronics side is facing friction. $AAPL (Apple) shares slipped over 6% this week after the company enacted aggressive 15% to 20% price hikes across its Mac computer lineup. We are closely monitoring how consumer demand elasticity holds up against these hardware premiums, especially as the costs of embedding advanced AI silicon are passed down to the end-user. 🚀 𝗦𝗽𝗮𝗰𝗲𝗫 𝗜𝗣𝗢 & 𝗩𝗮𝗹𝘂𝗮𝘁𝗶𝗼𝗻 𝗥𝗲𝗮𝗹𝗶𝘁𝗶𝗲𝘀: Following its highly anticipated June debut, $SPCX (Space Exploration Technologies Corp) initially surged before settling near USD 153 this week. While their technological moat in satellite internet and space exploration is undeniable, we have intentionally elected not to enter a position. The current valuation premium represents growth at an unreasonable price for our metrics. We will objectively monitor the asset as employee lock-up expirations progressively expand the public float later this year, potentially offering a more rational entry point. We are closing out Q2 with an intense focus on how these hardware breakthroughs will dictate the software revenue models of Q3. Wishing you all a great weekend ahead. — Olena

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