Max Koh

$Meta Platforms(META.US)I entered Meta around $543 as its valuation became more attractive, with its forward P/E falling to around 19x as compared to 25x-29x one year ago. Wall Street analysts also maintained an average 12-month price target of approximately $750, implying around 30% upside from current levels.

I saw this as an opportunity to gain exposure to Meta’s strong advertising business while positioning for continued AI-driven growth. Despite Meta consistently increasing its AI investments, Nvidia’s latest earnings and strong guidance reinforced my view that AI infrastructure spending is likely to remain strong, at least over the next few quarters.

The main takeaway for investing in Meta is that its core advertising business generates massive cash flows (it is very expensive for someone like me who does social media marketing), but heavy spending on AI and recent legal settlements require careful monitoring of Meta’s profit margins.

Gold continues to benefit from strong demand, with central banks increasingly building strategic reserves. Poland (31 tonnes) and Uzbekistan (25 tonnes) were among the largest buyers in Q1 2026, while China, Kazakhstan, and the Czech Republic have also added significant amounts of gold to their strategic reserves. This provides an important structural source of demand that can partially offset weaker jewellery consumption.

In India, the world’s second-largest jewellery market, gold jewellery demand fell 19% YoY to 66.1 tonnes in Q1 2026 as record prices reduced fine-weight purchases (World Gold Council).

Gold’s near-term direction remains closely tied to USD and interest rates. As a non-yielding asset, gold becomes relatively less attractive when Treasury yields rise due to higher opportunity cost of holding gold. A stronger USD also tends to weigh on the gold market, as it gets more expensive to purchase gold which is priced in USD. However, recent softer U.S. inflation and labour-market data have reduced expectations for a near-term Fed tightening, helping gold rebound. Gold has since recovered above $4,300/oz, suggesting that the $4,000 level could provide meaningful technical support.

Silver offers a higher-beta way to express the precious metals view. Unlike gold, silver has significant industrial demand, particularly from solar photovoltaics, electronics, automotive applications, and electrification. The long-term growth of these industries should support consumption, while the market is expected to remain in structural deficit for a sixth consecutive year in 2026 (46.3 million oz).

Overall, gold is likely the more defensive play, supported by central bank accumulation and its role as a hedge against currency, inflation, and geopolitical risk. Silver should benefit if gold continues higher, but its smaller market and industrial exposure can amplify both upside and downside. With silver at $65/oz, the $55/oz area likely remains a key support level.

I entered GameStop as a contrarian play after the stock fell to its 52-week low at $18.44, which I see as an attractive entry point for a speculative position. With a current P/E ratio of ~14x and recent developments around CEO Ryan Cohen’s potential withdrawal of an unsolicited takeover bid of eBay for $56 billion could provide an upside catalyst (though we may not see Jan 2021 numbers again - that was when I just started investing - what a short squeeze). TO THE MOON 🚀🚀

I am largely bullish on U.S. natural gas in the long run, especially with the continued growth of shale production through horizontal drilling and hydraulic fracturing.

I believe the U.S. will continue to increase LNG exports as demand for natural gas grows in regions like Europe and Asia, especially with the heatwave currently ongoing and seasonal demand for heating at the end of the year.

As more countries look for reliable energy supplies and with Qatar’s LNG capacity constrained in the short- to middle-term (due to destruction of the Ras Laffan LNG facilities), U.S. LNG should play an increasingly important role in the global market.

Based on this view, I entered into Cheniere Energy and Venture Global, two of the largest U.S. LNG exporters, and I eagerly await the earnings report in the weeks to come.

Today, I added JPMorgan Chase & Co. to my portfolio because its forward P/E ratio of around 13.6x appears attractive relative to its earnings strength and long-term positioning (Yahoo Finance).

Banks are cyclical and closely tied to economic growth and interest rates, but with rates likely staying stable under Fed chair Kevin Warsh, the firm can continue to benefit from resilient net interest income, disciplined risk management, and strong profitability across economic cycles. Its recent earnings in April 2026 also beat expectations by 7.78%.

With Nvidia’s Q1 earnings approaching, the markets are once again questioning whether the trillion-dollar AI rally will continue. Nvidia’s financial results is likely to influence investor sentiment across the entire AI ecosystem, including companies like Alphabet that are aggressively investing in AI infrastructure and cloud capabilities.

Yet, I decided to invest in Alphabet because its long-term strength extends beyond AI hype alone. Its core businesses (Search, YouTube, Cloud, and advertising) continue to generate enormous cash flows, and Google remains Alphabet’s largest competitive advantage as a global digital platform.

As of 14 May 2026, Nvidia has surpassed silver in market value to become the world’s second-largest asset by market value, at around $5.5T. This reflects how strongly the market believes that AI will shape the future economy. If AI adoption and earnings growth continue increasing, Nvidia hitting $250-$300 this year may no longer seem impossible. Let’s see how this goes!

LongBridge’s daily report indicated that my portfolio had a high beta and recommended adding defensive stocks.

Hence, I added XLP, a consumer staples ETF, to reduce the portfolio’s overall systematic risk and volatility, while improving resilience during periods of market uncertainty and economic downturns.

I personally find the daily reports quite useful, and I recommend all of you to read them!

Pre-Market on 8 May 2026 (Friday): One week before Fed chair’s change. Let’s see how this momentum keeps up. What are some of your thoughts?

managed to catch a rally since end march! hopefully this bullish wave continues. snp500 breaking all time highs, nvda breaking 5 trillion market cap, apple doing well for the recent quarter.