Stephan Stienstra @StephanStienstra: "Week in review – High..."

Netherlands

Week in review – High Conviction AI Infrastructure Portfolio +4.47% | SPX +0.4% | Nasdaq +0.9% YTD: 59.3% | Risk score: 5 What stood out this week • MU +9.71% — HBM tightness continues to dominate • ASML +7.85% — TSMC July sales reinforced AI demand • NVDA +2.72% — steady, no major new catalyst • META +0.19% — quiet week, no real news • MSFT –0.59% — modest pressure, nothing structural • GOOGL –3.53% — DeepMind leadership changes + AI spend concerns (as usual ;)) What lingered | Memory kept grinding higher while most of the rest of the stack stayed relatively quiet. Selective strength is rarely as comfortable as a broad rally, yet it often says more about where real physical tightness still sits. The week was neither euphoric nor weak — just uneven. Looking ahead | Thesis unchanged. Still positioned on the clearest multi-year demand signals. Fully invested, no cash. Still concentrated. Still compounding. $MU (Micron Technology, Inc.) | $NVDA (NVIDIA Corporation) | $MSFT (Microsoft) | $META (Meta Platforms Inc) | $GOOGL (Alphabet Inc Class A) | $ASML (ASML Holding NV)

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