STX 2X Long ETF

$Seagate Tech(STX.US)

Context: STX has pulled back quite a bit recently, but I don’t think the core story has changed. Cloud storage demand is still strong, HAMR is starting to become a bigger part of the business, and Seagate already has a lot of its nearline capacity spoken for well into 2028. The balance sheet is also in much better shape now, with the company back at investment grade.

My trade: I’m keeping my core position. At this point, I care a lot more about whether demand, margins and free cash flow stay strong than what the stock does over the next few weeks.

Takeaway: What I’m watching now is whether Seagate can keep margins above 50% as HAMR continues to scale. If it can, then I think the long-term story is still very much intact despite the recent pullback.

This is biotech breaking out. Cancer mRNA going Phase 3 successful is a decade of R&D paying off. In chips, buybacks beat capex, so $Micron Tech(MU.US) and $Sandisk(SNDK.US) win while laggards like $Seagate Tech(STX.US) get sold.

$Western Digital(WDC.US)

Context: Western Digital trades at a persistent valuation discount to Seagate despite sitting inside the exact same enterprise hard drive duopoly. Cloud demand for high capacity nearline drives is driving gross margin expansion, yet stock market pricing still lags behind fundamental cash flow generation.

My trade: Holding my shares and letting the valuation gap close.

Takeaway: Buying unsexy infrastructure bottlenecks at a discount is my favorite way to compound capital.

$Seagate Tech(STX.US)

Seagate has surged over 460% in the past year, driven by AI infrastructure demand, HAMR, and tight capacity through 2026. The business and free cash flow are strong, but with a P/E above 60 and insiders selling millions in shares, the valuation leaves little room for error.

I like the story, but at these levels, there’s simply no margin of safety. I’m not adding here.

@Captain's Treasure

📊 𝐈𝐍𝐕𝐄𝐒𝐓𝐎𝐑 𝐍𝐎𝐓𝐄: Cantor Says Semiconductor Selloff Is "Overdone," Reiterates AI Bullish View

$Seagate Tech(STX.US)

Today's selloff looks more like broad tech panic than anything company-specific. I think the market is ignoring a strong Q4, with revenue up 49% and record margins, while pricing macro fears above the cash the business is generating.

From my view, storage fundamentals remain solid. Data center demand is keeping supply tight, customers are locking in orders well ahead, and Seagate is executing its high-capacity roadmap as planned. That supports pricing power and gives good revenue visibility.

I see this as a gap between sentiment and fundamentals. I focus on long-term earning power, not short-term price action. If free cash flow stays strong while the stock gets cheaper, the margin of safety only improves.

@Captain's Treasure

📢 𝗝𝗨𝗦𝗧 𝗜𝗡: Samsung Unveils Next-Generation AI Memory Technology With BV-NAND Prototype - $Micron Tech(MU.US) $SK Hynix(SKHY.US) $Sandisk(SNDK.US) $Western Digital(WDC.US) $Seagate Tech(STX.US)

📢 𝗝𝗨𝗦𝗧 𝗜𝗡: NVIDIA Open Sources cuFile APIs, Expands AI Storage Innovation at FMS 2026 - $NVIDIA(NVDA.US) $Micron Tech(MU.US)