Macro gammar:

The trading volume of US stocks is quite large. I guess there are a lot of options expiring on the dealer desk, but they are rolled over by the brainless vol sellers. The long gamma shield is still there (data needs to be confirmed)
Under the gamma hedge, profit-taking in chip stocks such as NVDA immediately boosted AI applications MSFT AMZN GOOG META. As long as the market momentum is still rotating within AI, it will shift back to chips in a few days (because of profits)
This month, XLK transferred 10 billion from AAPL to buy NVDA. I don't know whether to transfer it back next month.

Stocks:

Many people ask when is the best time to buy INTC. I think the earliest is before the July earnings report. The negative margins in the first quarter have all been eliminated, so a stable quarterly report is good. In addition, don't use the yield of TSM's mature threads to demand 18A. 18A and TSM's new N2 are currently improving at the same level. In the next year, 18A will improve and go into mass production, and INTC will have plenty of buying opportunities. No need to rush.

TSLA: I think it is better than Apple (especially from the perspective of doubling the valuation) and is a bolder target for betting on the physical extension of AI. It is not BYD. TSLA is a full-fledged company that specializes in chip design, machinery, AI, and even marketing.

ORCL: AI is essentially data, which expands the bandwidth of communication between humans and databases. AI actually increases the ability to organize data by several orders of magnitude. Why can Ukraine's shoulder-fired missiles hit Su-35? Because the AI ​​program provided by PLTR can process all the collected data immediately, and the soldiers only need to carry missiles in the right direction and wait. ORCL has the largest database, but was previously valued as a software company. They have already transformed into AI, but I think the valuation from the perspective of AI has not yet been fully developed.

PANW, PANW and PLTR are very strong AI defense. But military defense is generally not popular with Wall Street and Silicon Valley. PANW's AI cybersecurity capabilities are far superior to those Chinese scam companies that copy beautiful pictures. There is no comparable capability in the world.

Investing in U.S. stocks is not like speculating in cryptocurrencies. It is difficult to predict when the stock market will explode. You need more patience and be able to hold on. But at the same time, these companies have strong fundamentals, so you will definitely have more confidence in holding long-term positions than investing in altcoins.

I am a high-risk investor seeking multiple returns, please don’t criticize me if you don’t like it!!

BTC：

BTC is a global macro risk appetite target that is extremely sensitive to liquidity. For example, the severe risk aversion in Europe since last week has had a negative impact on the market.

If the US stock market is forging ahead in the debt issuance this year, it is due to the profitability and efficiency improvement of AI; then BTC is supported by the shortage of liquidity, relying on the spread of risk appetite in the stock market.