Sure... Random train of thoughts on markets now, optics like $LITE / memory + $IREN / Anthropic. On Memory: - Demand visibility on $MU / Samsung / SK Hynix extend into 2030-2031. Samsung has LTAs covering 70% of their capacity into 2031 (likely with SK Hynix type price floors)... and their operating profit is already absurd. There's a consensus that shortage in 2027 will be much more severe than 2026... Even $SNDK expends gross margins to exceed 80% entering 2030. You're going to hear Acer and other CEOs that want memory prices to go down cite bear cases like CXMT/YMTC, and Chinese players. But just looking at supply procurement that $NVDA is doing + hyperscalers, demand visibility is absurd for the next 5 years. And by that time, cumulative FCF coming in from these take/pay + pricing floor contracts might exceed some of their entire marketcaps so it feels like there's some baseline. Near-term is always volatile (IV dropped a ton across $EWY to $DRAM to $MU), so people with call options likely got nuked, along with underlying prices. But if Samsung is 3x 2027E, has 5 year LTAs with 70% of capacity committed from hyperscalers, and price floors, it's kinda hard to see these names suffer a sustained crash... For optics: - $LITE is literally sold out into 2029, starting discussions into 2030. With demand visibility lasting into 2031… with hyperscalers largely funding the capacity buildout. Their 2028 Greensboro fab expansion was ~$5B in UHP laser capacity revenue alone, yet it’s basically allocated toward $NVDA (50%+ with options for more) and co from channel checks. Existing supply chain bottlenecks are extremely severe as optical content/XPU skyrockets entering 2027-2028. So everything from DSPs/TIAs, photodiodes, lasers, InP/SOI substrates, wafers (epi, SOI, etc) are expected to go brrr. And what does that imply to anyone else with enormous amounts of capacity coming online like $AAOI + $SIVE + $MTSI capacity expansion in 2027? Or other players like Sumitomo / Furukawa? But again it's not quite the same situation as memory since the BOM % is extremely low in a cluster... If micron/samsung raised another 2000% hyperscalers would go bankrupt. But doing that for InP substrates seems possible. Or a 100% increase on CW laser content. I actually thought $LITE was overvalued at $100B+ MC, relative to capacity expansion on your smaller optical players to their respective MCs. So I chose to position accordingly (But lumentum does deserve premiums for demand visibility). For the companies leading the charge like $NVDA / $AVGO / $MRVL: - Nvidia has 70% forward revenue growth FY2028 which is supply constrained growth. - Broadcom 100% Y/Y for 2027/2028 which is also supply constrained growth. - Marvell FY2031 upgraded guidance to $70B-$90B from $46B analyst projections... They all seem to be very happy.... and read through on demand for next 2-3 years is enormous (also echoing what $INTC CEO said today on the panel with $AVGO CEO). So you have overwhelming growth on memory + photonics + from the leaders... But the nuance is not everything in the AI supply chain get the same economic benefit. HBM/Laser/CPU/MLCC and other players in the bottlenecks look to be printing money. And seem to be the largest beneficiaries of the current bottlenecks. Test players are also getting price hikes + capacity allocated by players like $NVDA, but economic impact seems a tad lower than other players since forward P/E for many I modeled were still in the 45x+ range even if you hiked prices like 10-30%. As for capex intensive players... there's some like $IREN ($25-30B for 2027) that despite a deal with Anthropic ended up dropping. I don't think markets seem to appreciate players spending a lot of money + ongoing financing (think they're like halfway through their $6B ATM). Just some hopium for $IREN investors, $NBIS also signed a deal with $META at the start of the year (but markets didn't care at all, since Nebius dropped to ~$70-80 at the lowest point?). But did 6 months later, as the time to revenue inflection gets closer and you're past the ATM/capex window, markets would likely care more. I don't think it's irrational but at the same time, the fundamentals have improved from Mirantis acquisition to others. I also think it was known for awhile it was either OpenAI/Anthropic from CEO comments earlier too? But either way to be a more risk-off environment where funds seem to be rotating to larger names as a flight to safety. $CRWD / $PLTR as just two example, but my take is that the valuations of these rotations are reaching clown levels. And that certain AI supply chain beneficiaries in comparison are undervalued now. I was thinking markets would just rotate to names that are extremely profitable like Samsung or names that have <2X P/E, so it was surprising to see $KOSPI and some legacy memory players get sold off today. Since all of this is colliding with uncertainty about sht macro environments and renewed sustainability concern of AI capex/commitments from frontier labs like OpenAI/Anthropic from due to that FT piece recently. I've always been sounding the alarm about the contractual backlog OpenAI has with $CBRS, $MSFT, $ORCL and others earlier in the year. But OpenAI did just raise $122B or so , so I don't quite think they're at risk of going down anytime soon. I also don't think overall capex can just exponentially go up, but even if it stalls / hovers around a certain point or even drops... Capex toward certain areas like optics will still explode as hyperscalers fight over allocations when CPO scale up comes about, but might drop in others where more capacity comes online like test or DRAM. So it's a lot more nuanced than capex down = everything down or vice versa. I also slightly agree with community agreements that open weight models wouldn't lessen demand on AI infrastructure (otherwise $NVDA wouldn't be funneling funds into Reflection), but all the contractual obligations that Anthropic has might get messy if their models/company get cannibalized. Either way, I'd expect some of these frontier lab valuations to likely compress but I do think Jensen knows what he's doing though to avoid contagion. But basically: - Extremely difficult market now, can't just throw money at any AI supply chain company like $GLW and expect it to go up. There's cause for concern of rate hikes mixed with financing per $AVGO CEO but not to the point you just blindly sell off everything. Also I think markets are stupid and ties baskets together so that leads to mispricing + individual buying opportunities with certain chokepoints too. If capacity + demand is visible and forward p/e compresses like $AAOI to single digits off hundreds or thousands of percent growth from hyperscalers off $471m transceiver revenues and hundreds of thousands of monthly ELSFP capacity. Or $SIVE coming online with 100M+ laser capacity + multiple foundries with ASP hikes on lasers. I wouldn't lump them into other AI supply chain names in IP like $RMBS or others. My take is that AI supply chain beneficiaries with closer inflection points, demand visibility, and forward P/E compressing due to economic leverage would likely outperform medium term despite current volatility. TLDR: - Memory strongest risk/adjusted return with LTAs + pricing floors extending to 2030's + buybacks. - My opinion is that optical supercycle for 2027-2028 with CPO/NPO is going to look absurd relative to capacity coming online of smaller suppliers. - Overwhelming fundamentals/growth colliding with sht macro + media scares - Markets are stupid and groups things in baskets and sells them all off together or buys overvalued names, creating short/long opportunities I'd give a prayer to people on short term options given underlying drop + IV decline, but there could be a reversal... who knows. Most valuable thing right now is time.

$DRAM (September 30, 2026-Daily Chart) Trend The uptrend remains intact. Over the past two months $DRAM has built a base, then printed higher highs and higher lows. That structure lines up with steady whale accumulation, currently at 58.21%. Key levels (Panel 1 momentum bars) Support: $54, $57, and the $60 zone Near-term resistance: $64 and the $70 zone Longer momentum bars are the cleaner signals. Once price clears one of those bars, it has historically been a reasonable spot to buy or add on the way up. Dr Cat's Video Insights: https://t.co/OhrCXfLyUb

I'm not having a fun day since I got sick today. But the bottlenecks are having a good time: $AMD +9.13% | $INTC +14.16% | $ARM +14.33% CPUs go brrr $SIVE +10.32% | $AAOI +3.39% | AMS OSRAM +24.61% Lasers go brrr $EWY +4.08% | $DRAM +2.83% | $MU +2.23% Memory go brrr $NBIS +4.7% | $CRWV +5.03% | $IREN +1.73% Compute go brrr Probably most material developments were CPU:GPU ratio expectations + CPU demand (from new AI releases). As well as optical developments from ECOC 2026 (as seen with $MRVL PR + others) Still a lot to catch up on.

The main duo $SKHY and Samsung are having a fun day. I'm still long memory (eg. $EWY / $DRAM ) since if capacity agreements extend 3-5 years... and your analysts model 2.8-3.3x 2027E. Risk/reward is attractive over time. But I think legacy memory a very interesting trade currently due to ASP hike potential.. It also just so happens these same companies procure memory from even smaller memory companies (that might have higher sensitivity)... So if you want to, you can track $PSMC wafer allocations, and find some interesting companies that likely replace $MU discontinued legacy memory through Alliance or supply directly to Samsung. Won't mention them on X, but just throwing out some research ideas.

I've seen comments from Jim Cramer today supporting hedge funds that short Leopold's "nonsense" $SNDK / $DRAM / SK Hynix type calls. As well Cramer calling $CRWD a "Must Buy". I'm not sure if Jim Cramer sees a $241B company labelled "Cybersecurity" and thinks of it as safe... while ignoring all their fundamentals. But with Crowdstrike, you have a ~145x FY2028 fwd P/E company, growing revenue 26% Y/Y. That Cramer thinks is a "must buy". And then you turn your eyes to the AI capex beneficiary theme that Leopold is long on. With names like $SKHY / Samsung in $DRAM... Both FY2027 ~2.8-3x fwd P/E off analyst projections. -> Samsung LTAs to 2031 (70% capacity) for durability... -> Minimum price floor + no price ceiling type contracts from SK Hynix. -> Memory shortage much tigher for the next year. -> DRAM/NAND % of hyperscaler capex goes higher (est. 68% per Trendforce) -> 2027 hyperscaler capex projections all hiked. Then with $SNDK, 50% FCF margins, 80% gross margin projections into 2030. Only Situational Awareness position I'm in disagreement with is $CRWV due to debt interest eating FCF, but I can make a similar bullish argument with $BE, $INTC, $AMD, and others. Not quite sure about short-term, but over the medium run: It's hard to not see Leopold's positions pulling an Inverse Cramer due to overwhelming fundamentals.

solana:7Lob7rg43kWwmreuxfSTuohun2atBHCXBUkW6KSfpump (September 12, 2026-Weekly Chart) My weekly chart for solana:7Lob7rg43kWwmreuxfSTuohun2atBHCXBUkW6KSfpump from February 2025 to September 2026 shows four bullish red candles, including this week. Most of the time, they have been spot-on signals. Let’s see whether the solana:7Lob7rg43kWwmreuxfSTuohun2atBHCXBUkW6KSfpump can continue its mid-term uptrend in the weeks to come. Validation: a weekly close above 7,171.52. Invalidation: a weekly close below 6,802.5. For those who hold memory stocks and ETF such as $DRAM, $MU, $SNDK, blockstack:native, $WDC, and $SKHY, always keep an eye on this Korean index: solana:7Lob7rg43kWwmreuxfSTuohun2atBHCXBUkW6KSfpump. @cantonmeow @Hiteshp99 @starship_ride @niker8202 @tonylee80

Looks like Situational Awareness is back: Sources say Leopold bought options in $AMD, $BE, $CRWV, and $DRAM. And was active in other stocks such as $SKHY, and $SNDK. Little surprising since option IV across the board is quite high. https://t.co/P2Pg5szbvO

The 3 ETFs You Can’t Miss in This Bull Cycle: 1. $DRAM 2. $SOXL (for the adventurers) 3. $SMH I’m not telling you to chase the highs. This market will keep giving us healthy pullbacks, and the bearish noise will continue to dominate on X and elsewhere. That’s exactly when the best opportunities appear. I chart these three ETFs regularly for my Patreon and X subscribers, and I also post free charts right here for everyone to see!

Curious if anyone's portfolio is green after today's fun day. $KORU: -32.06% $SOXL: -22.98% $IQE: -13.58% $DRAM: -12.6% $AXTI: -12.57% $FLNC: -12.5% $AAOI: -11.2% $SIVE: -11.7% $TSEM: -10.24% $SNDK: -12.5% $MU: -11.8% Sk Hynix: -12.35% Samsung: -9.6% $MRVL: -8.3% $LITE: -7.6% $SOI -7.15% $TSM: -6.1% $AMD: -6.04% Feels like anything high-beta or semis had a steep drop.

$SOXL (June 23, 2026-weekly chart update) As highlighted in many of my previous tweets, $SOXL and $SMH are the most bullish ETFs right now (other than $DRAM). I keep sharing their tickers regularly with my community. One of my subscribers’ results is the best proof of how real wealth is created: by holding, accumulating, and betting aggressively on proper position sizing. Remember — even if you pick the right stocks, not betting with meaningful size will never generate life-changing returns. Once again, huge thanks to my community — especially the smart ones who rode $SOXL from $10 all the way to $300!

$DRAM (June 21, 2026) There is no need to time the bottom. What matters is following reliable indicators and consistently accumulating to benefit from compounding gains. The most recent bullish signal was shared with my community on June 12, when $DRAM was trading between $62 and $66.

$DRAM (June 18, 2026-daily chart update) Our community (including me) bought $DRAM right at the breakout from those two highlighted volatility holes — then we simply let time do the rest. Sometimes you don’t need a complex chart. Simplicity wins! https://t.co/1xfe0Wy7fW

$DRAM (May 28, 2026-daily chart update) I share my daily $DRAM chart with my community every single day. We first started loading up at $38 — right from the very first day I began charting it — and have continued adding positions on every highlighted signal since. The volatility hole has been one of the most remarkably accurate signals we’ve used to buy and accumulate along the way. Once again, a huge thank you to my community for trusting my indicators and technical analysis.

$SPX (May 23, 2026-daily chart update) No matter whether you are a short-term trader or a long-term investor, the first thing I always check is the broad market direction — primarily through the S&P 500 $SPX and its ETF, $SPY. Why? Because the major indices give you the clearest and most reliable picture of the overall market trend. They act as the heartbeat of the U.S. equity market. Before diving into individual stocks or sectors, understanding the direction and strength of the major indices helps you stay aligned with the primary trend and significantly improves your odds of success. Every day, I chart the following major indices and ETFs for my community so they are well-prepared before the market opens: 1. $DRAM – Roundhill Memory ETF (memory chips / AI infrastructure exposure) 2. $QQQ – Nasdaq-100 3. $SPY – S&P 500 4. $IWM – Russell 2000 (small caps) 5. $TNA – Small-cap bullish 3x leveraged ETF 6. $IGV – Software & Technology sector 7. $NASA – Tema Space Innovators ETF (space economy / innovators)

$DRAM The $DRAM ETF is heavily concentrated in the world’s leading memory chipmakers. The top 3 holdings — Samsung Electronics (25.02%), Micron Technology (24.13%), and SK Hynix (23.61%) — together account for over 72.7% of the fund. This powerful trio dominates the global $DRAM and NAND market, making the $DRAM ETF one of the purest ways to invest in the explosive growth of AI, data centers, and high-performance memory demand.