Original Viewpoint Summary

🤖 AI Infrastructure & Semiconductors

• $TSM expanding its materials, components, and equipment supply chain for CoPoS advanced packaging points to real demand, not just concept hype. CoPoS targets much larger AI chip systems, so preparing the supply chain for volume production suggests the AI packaging cycle is moving toward scale. 1

• The cleaner $SPCX IPO derivative trade may be $NVDA, not the space names themselves. The logic: xAI and Terafab capex could trigger another leg of AI infrastructure demand. The second-order beneficiaries are $LRCX, $AMAT, $ASML, $KLAC on semicap spend; $MU, $SNDK, $STX, $WDC on memory/storage demand; and $GOOGL through its xAI exposure. 2

• $IREN buying Nostrum Group adds 490MW of secured power in Spain and gives the company a European AI infrastructure beachhead. The real angle is not just capacity. It is renewables, fiber connectivity, and a fresh development pipeline tied to global AI compute demand. 3

🧠 Mega-Cap Tech Valuation & Positioning

• $GOOGL below 350 was treated as a buyable dislocation. The key signal: Berkshire reportedly added $10B of Google stock around 350 dollars a few weeks earlier. Given Buffett’s usual style—only size up when the long-term price is compelling—that becomes a strong vote of confidence in Google’s long-term certainty. Position size was raised from 5% to 8% after the break below 350. 4

• The recent chop has reset several mega-cap tech valuations into attractive territory. Trades executed: added Google after it fell below 350, added Meta at 560 dollars, and converted part of Nvidia common stock at 200 dollars into 2028 long-dated call options. The setup favors using volatility to upgrade risk/reward rather than de-risking into weakness. 5

• The current portfolio narrative is concentrated in only two buckets: chasing the AI infrastructure momentum trade, and buying the dip in mega-cap tech plus quality software names that the market has wrongly punished. 6

🚀 Event Trades & Special Situations

• $ROKU getting acquired by $FOX at $160/share is not a fresh clean setup anymore. The stock had already moved most of the way last Friday, so the easy event-driven upside was likely front-run. 7

🪙 Stablecoins & On-Chain Yield

• The stablecoin race is moving beyond the old problem of “better peg, better liquidity.” As more capital migrates from TradFi to on-chain rails, simple stability is no longer enough. The next winning product needs to preserve dollar attributes, generate sustainable on-chain yield, and plug in traditional asset logic such as gold and U.S. equities. 8