morning_wind

In the CPU sector, almost all institutions missed the market rally in April$AMD(AMD.US)$Intel(INTC.US)

$Taiwan Semiconductor(TSM.US)$Alphabet(GOOGL.US), thanks to the 13F, the quality of the two StockPro picks the OP is responsible for has been verified once again.

$AMD(AMD.US) The 410 call expiring mid-month also looks like it's about to be called away 😅, and as expected, $XL2CSOPHYNIX(07709.HK) is also scary today. It's time to start a phased reduction of positions.

Undoubtedly, AI will affect and replace a large portion of current knowledge/information-based white-collar jobs (including mine). The speed of this process may mainly depend on how quickly the entire social organization can rebuild for AI. Fortunately, in some cases, behind such massive transformations, there are also opportunities for compensation, like a decent severance package for buying out seniority.$Alphabet(GOOGL.US)$Taiwan Semiconductor(TSM.US)$SMIC(00981.HK)

$Microsoft(MSFT.US), $Alphabet(GOOGL.US), and $Amazon(AMZN.US) — these three cloud giants' capex have all reached $200 billion. The primary market valuations of the two unlisted companies, OpenAI and Anthropic, are already very close to one trillion dollars. As long as AI continues to develop at a high speed, any pullback caused by concerns about demand, macro policies, or geopolitics is a good opportunity for rebalancing and enhancing returns.

$XL2CSOPHYNIX(07709.HK)$SMIC(00981.HK) Take a group photo for memory

$Alphabet(GOOGL.US) Are you starting up too? Sold some 370 calls expiring on the 51st, welcome to the meltdown.

$NVIDIA(NVDA.US) is catching up on gains, bullish on new highs.

Portfolio bought 5% $SoftBank(SFTBY.US), optimistic about the business of its two sectors: 1) OpenAI will reverse the temporary product disadvantage against Anthropic. 2) AI chips require a large amount of CPUs, and Arm will capture the largest share here.

Deepseek v4 is here. If we include the next-generation models from Anthropic/OpenAI that haven't been publicly released yet, China's cutting-edge models have made significant progress and are catching up closely, but there's still a gap of about 3-6 months.$SMIC(00981.HK)$Taiwan Semiconductor(TSM.US)

$Taiwan Semiconductor(TSM.US)The signal released by the interaction between the two parties is very clear. The previous rumors about something like '27 Wutong' are baseless. This signal means TSMC has at least eliminated a major geopolitical risk, worth at least two limit-up days. An all-time high is inevitable.

Did not sell any $Alphabet(GOOGL.US).

The difficult times are here, everyone, don't use leverage to hold on! $NVIDIA(NVDA.US)$Taiwan Semiconductor(TSM.US) The lessons from last April are not far away!

$XL2CSOPHYNIX(07709.HK) Looking at the trend of the US stock $ISHRS MSCI S Korea Capped(EWY.US), it's going to gap up at the open tomorrow. Friends who added to their positions these past two days have made some gains.

Today， OpenClaw surpassed 250K+ Stars， officially exceeding React's 243K to become the most popular project on GitHub， all within just a few months. The token consumption in 2026 is almost certain to increase by at least another 10x on top of 2025's level. — Written as semiconductors and AI are pulling back from highs for various reasons. $Alphabet(GOOGL.US)$Taiwan Semiconductor(TSM.US)$NVIDIA(NVDA.US)

Haven't done much trading lately, relying on $Taiwan Semiconductor(TSM.US) and $XL2CSOPHYNIX(07709.HK) to offset the adjustments from $Alphabet(GOOGL.US). Given tonight's situation, I must act and add some $NVIDIA(NVDA.US).

$NVIDIA(NVDA.US)$Alphabet(GOOGL.US)Go!

$Alphabet(GOOGL.US)$Taiwan Semiconductor(TSM.US)$NVIDIA(NVDA.US) all reported strong earnings. The recent poor performance of these large-cap stocks is mainly due to changes in liquidity expectations. It's the same story as the cryptocurrency dropping to 70,000. This has led to many inherently contradictory phenomena: on one hand, there's excessive expectation in the SaaS sector about AI's value and its potential to disrupt SaaS, while on the other hand, there's waning confidence in upstream capex investments. There's growing conservatism about the incremental growth potential of major semiconductor manufacturers, yet excessive enthusiasm for niche players (like optical module companies) in certain hot segments.

The logic behind the SaaS stocks bought during the portfolio adjustment at the beginning of the year (the reasoning was that these software products are not easily replaceable by AI, but introducing AI could significantly enhance their value) has, at least for now, been rejected by the market. The outcome is still uncertain (just like last year when the market was worried AI would kill search), but if not for controlling the position size, it would be very painful now.$Microsoft(MSFT.US)$Figma(FIG.US)$Snowflake(SNOW.US)

$Intel(INTC.US) I also bought some of this during the earnings report plunge, mainly as insurance for my heavy position in $Taiwan Semiconductor(TSM.US). On one hand, its current sentiment is very good; on the other hand, if TSMC faces any unforeseen ups and downs, I believe this can help hedge a significant portion of the risk.

US stock $Micron Tech(MU.US) didn't buy enough at the beginning of the year, so I added some $XL2CSOPHYNIX(07709.HK) in Hong Kong stocks as a substitute, and today feels good. TSMC's earnings report rose first, but the sector didn't follow. Two days ago, represented by $Alphabet(GOOGL.US), cloud services raised prices across the board, and the application side atmosphere was also well coordinated. Today, Hynix's earnings report took over well. Next, Microsoft and Meta will announce cloud spending this week. If this doesn't go wrong, once the full-year spending for 2026 comes out, new valuation space will emerge. The main upward wave/full-year gain of semiconductors has a relatively high probability of completing most of it within the next three months. $NVIDIA(NVDA.US)

There are some positions in $XD INC(02400.HK) in Hong Kong stocks, which are not cheap anymore, but this Friday, taptap maker will be released, and claude code will be integrated into the game engine/game editor, greatly reducing the possibility for ordinary enthusiasts to use AI to create high-quality/playable games. It has the potential to become the first concept stock for large-scale AI implementation in the gaming industry (not the kind for speculative hype). It's a level higher than $Roblox(RBLX.US).

2c agents represented by Clawdbot are extremely popular. They even boosted the sales of Mac mini. My idea/a very intuitive view is that not everyone really needs a Mac mini, but everyone needs a virtual machine. There is logic behind this wave of CPUs. $Intel(INTC.US) has dropped quite a bit, so consider buying some appropriately, and the same goes for $AMD(AMD.US). $Taiwan Semiconductor(TSM.US)

$Taiwan Semiconductor(TSM.US) hits a new high; $Alphabet(GOOGL.US) has settled with Apple, no worries about the cloud, the most critical variable in 2C seems to be settled. In the morning, Deepseek published an article personally signed by the great Liang, the core message is that increasing memory can continue to scale. In the early Hong Kong stock market auction, some $XL2CSOPHYNIX(07709.HK) were added to continue the catalysis.

$Taiwan Semiconductor(TSM.US) will hit a new high in 2026!