To The Moon

I. Performance and Valuation of Global Equity Indices Data Sources: Bloomberg, Tiger Asset Management Key Highlights ◼ Last week, global capital markets continued to fluctuate, with major global indices showing mixed performance, though the movements were relatively modest. Non-U.S. markets such as Nikkei, Emerging Markets, and Greater China generally posted positive returns. In contrast, the three major U.S. indices all declined to varying degrees, but the drop was mostly within 1%. ◼ Last week, the China-U.S.-U.K. trilateral economic and trade talks concluded. Although both sides claimed substantial progress, no concrete or detailed documents were released. Market expectations for this meeting were low to begin with, and as long as discussions returned to the outcomes of the Geneva talks

$NVIDIA(NVDA)$ The semiconductor world is buzzing, and AMD $Advanced Micro Devices(AMD)$ and Micron (MU) $Micron Technology(MU)$ are stealing the spotlight, spearheading a red-hot rebound in chip stocks. After a rocky 2025 battered by trade woes and export limits, the tide is turning. Analysts at Piper Sandler dropped a bombshell note on Monday, predicting a “snapback” for AMD’s GPU business in Q4. They see the chipmaker powering through $800 million in China export-related charges by then, setting the stage for a breakout. But is this surge a new beast compared to past rallies? Will AMD blast past its $140 price target? And which chip stocks—AMD, Micron, or powerho