Why I Would DCA Into DRAM: AI Needs Memory, Not Just Powerful Chips When people talk about the AI boom, NVIDIA and the latest AI processors usually get most of the attention. But I think there is another part of the AI infrastructure story worth watching: memory. AI models need to process enormous amounts of data, and that creates demand for memory technologies such as high-bandwidth memory (HBM), DRAM and NAND flash storage. As AI workloads become more demanding, memory performance and capacity can become important constraints on the overall system. That is why DRAM is the ETF I would choose for dollar-cost averaging (DCA). Instead of trying to predict which individual memory company will outperform, I can get exposure to a group of companies operating in this part of the semiconductor in

The AI Cloud Shakeout: Revenue Is Growing, but Who Can Afford to Survive? The AI infrastructure boom has created an unusual investment question: if demand for computing power is so strong, why are investors increasingly worried about the companies building it? The answer, in my view, is that demand alone does not guarantee attractive returns. AI cloud providers must spend heavily on GPUs, data centres, electricity and networking before they can turn computing capacity into revenue. If financing costs rise, customers delay spending or hardware becomes outdated faster than expected, a company can grow rapidly while its financial position becomes more fragile. That is why I think the recent contrast between SpaceX, CoreWeave and Nebius deserves attention. The real dividing line may not be whi

Tesla’s Robotaxi Dream Is Big. But Where Is the Proof of Profit? Tesla shares can rally on the promise of what the company might become, not just what it earns today. That is what makes the Robotaxi story interesting to me, but also what makes it difficult to value. The bull case is easy to understand. If Tesla can operate a large fleet of autonomous vehicles, collect fares throughout the day and serve customers without paying a human driver for every trip, the economics could eventually look very different from those of a traditional carmaker. Robotaxi revenue could also give Tesla another source of income beyond selling vehicles, while its AI capabilities could support future projects such as Optimus. But there is a big difference between a business with enormous potential and one that h

Earnings Night: Am I Investing in the Business or Betting on the Next Move? Every earnings season brings back the same dilemma: should I hold my stocks overnight, take some profits, or keep cash ready for a potential buying opportunity? Personally, I don’t think there is one answer that works for every stock. A company can be doing well and still see its share price fall after earnings. Sometimes the results are disappointing; other times, the business performs reasonably well but fails to meet the market’s already-high expectations. That distinction matters. The stock market doesn’t reward a company simply for doing well. It rewards performance relative to what investors were expecting. I would hold, but only when I understand what I own If I bought a company because I believe its busines

Would I Hold a Stock Overnight Before Earnings? It Depends on What I’m Risking Honestly, I don’t think holding a stock overnight before earnings is necessarily brave, and selling beforehand doesn’t mean someone lacks conviction. Both decisions can make sense. What matters is whether the potential reward is worth the risk of waking up to a price move I didn’t expect. Earnings announcements are different from ordinary trading days. A company can report decent results and still see its share price tumble, while another can rally even after reporting a loss. The market isn’t reacting only to what has already happened. It’s reacting to whether the results and outlook are better or worse than investors had anticipated. That is why I wouldn’t make my decision based on the headline numbers alone.

Earnings Night: I Don’t Let One Report Decide My Investment Whenever a company is about to report earnings, I think the real question is not simply whether the stock will go up or down the next day. Nobody knows that with certainty. The more important question is whether I am comfortable with what could happen if the market reacts very differently from what I expect. Personally, I would not automatically sell just because earnings are coming, nor would I blindly hold every position and hope for the best. My decision would depend on why I bought the stock, how much it has already run up, and how much downside I can realistically accept. 1. If I bought for the long term, I would not panic over one night If I invested in a company because I believe its business can grow over the next three to

The Fed Held Rates, but Tech Stocks Still Have Something to Prove A rate pause should have been good news for growth stocks. Yet Wednesday’s market reaction was surprisingly restrained. The S&P 500 rose 0.28%, while the Nasdaq-100 gained around 0.55%. Underneath those modest moves, performance was mixed. AMD climbed 3.24%, while Nvidia slipped 1.17%. Then came the earnings reactions: Microsoft rose after reporting strong results, while Alphabet sold off sharply. To me, this is what makes the current market interesting. Investors are not treating technology stocks as one big trade anymore. They are becoming more selective about which companies deserve premium valuations and which ones need to prove that their AI investments will pay off. The Federal Reserve kept its benchmark rate at 3.

Microsoft vs Alphabet: AI Spending Is Growing. Where Is the Cash Return? The latest earnings from Microsoft and Alphabet highlight an important question for the entire AI trade: how much profit can companies generate from the enormous amounts they are spending on AI infrastructure? Microsoft delivered a strong quarter, with revenue of $92.3 billion and adjusted earnings per share of $4.89. Azure revenue grew 48% year over year. Yet the market’s reaction was not simply a celebration of those numbers. Alphabet reported $127.58 billion in revenue, but its results missed analyst expectations on key measures. Its shares came under pressure after the announcement, while Microsoft’s shares moved higher in the post-earnings reaction. To me, the divergence shows that investors are becoming more sel

Stocks to Watch Today: AI Memory Rally or Big Tech Reality Check? The market is giving investors two very different messages today. On one side, memory stocks are rallying on the back of SK Hynix’s record results and continued demand for AI infrastructure. On the other, investors are becoming more selective about how much technology companies are spending on AI — and whether those investments will generate enough returns. That makes today’s market interesting. I would not chase every stock that is moving higher. I would rather identify which companies have improving fundamentals and which ones need to prove that their valuations are justified. 1. Memory stocks: strong earnings, but how much optimism is priced in? Stocks to watch: SNDK, MU, SK Hynix SK Hynix reported record third-quarter re

Memory Stocks Are on Fire. Can SanDisk Deliver More Than the Market Expects? The memory trade is getting harder to ignore. SK Hynix has just reported record quarterly revenue of KRW 104.6 trillion and operating profit of KRW 83.3 trillion. Samsung Electronics has also reported Q3 revenue of KRW 195.3 trillion and operating profit of KRW 107.4 trillion. These are extraordinary results, reflecting the strength of demand for memory products as AI infrastructure spending continues to expand. Micron and SanDisk have also attracted buying interest as investors reassess how long the memory upcycle could last. But after such a strong run across the sector, I think the more important question is no longer whether memory demand is healthy. It is whether earnings can continue to surprise on the upsid

Hong Kong Stocks Are Trying to Stabilise. I’m Watching 2 Very Different Opportunities! After 2 difficult weeks, Hong Kong stocks have given investors a reason to look again at valuations. But I would not call a brief rebound a market bottom just yet. The Hang Seng Index dropped below 23,000 intraday on 22 October, while the Hang Seng TECH Index came under renewed pressure. By 29 October, the Hang Seng Index had recovered to around 23,100, but the Hang Seng TECH Index was still trading below 3,800 and fell again that day. To me, this is a reminder that a stabilising headline index does not mean every part of the market has recovered. Instead of trying to predict the next market-wide move, I would focus on two areas that have attracted attention: innovative drug and pharmaceutical outso

I Bought HOOD Around $95 During the Pullback. Here’s Why I Made the Move I finally started putting some money to work during this pullback. While some investors are waiting for another leg down, I decided to take a position in Robinhood $Robinhood(HOOD)$  around $95. Was it the exact bottom? Probably not something anyone can know in real time. But I did not buy simply because the share price had fallen. I bought because I believe the business still has room to grow, and the pullback gave me an entry point I was more comfortable with. For me, the goal is not to catch the lowest price on the chart. It is to find a business whose future potential justifies the price I am paying. Why HOOD caught my attention Robinhood is no longer just a pla

Buying the Dip Is Easy. Knowing What to Buy Is the Hard Part. Everyone wants to buy near the bottom. The difficult part is knowing whether the price drop is an opportunity or a warning sign. The recent pullback has put investors in familiar positions. Some are already adding to their favourite stocks. Others are holding cash and waiting for a bigger correction. And some are fully invested, watching their portfolios fall with little room to average down. Personally, I think the better question is not whether we have reached the bottom. It is whether the stocks we want to own are finally offering a more attractive risk-to-reward ratio. A lower price does not automatically mean a better investment. 1. This pullback is testing the AI growth story One thing worth watching in this sell-off is th

Buying the Dip? The Biggest Mistake Is Buying Without a Plan The market is fearful. But before buying the dip, ask yourself one question: would you still want to own this stock if it fell another 15%? After last week’s sharp technology sell-off, investors have a familiar dilemma: buy now, wait for a deeper correction, or sit on the sidelines because there is little cash left. The fear is real. On October 16, the VIX jumped more than 21% to close near 20, while CNN’s Fear & Greed Index dropped to 18, its Extreme Fear zone. The VIX eased to around 18.7 on October 19, but sentiment remained weak. Is this a buying opportunity? Potentially. But extreme fear is a signal to reassess prices, not proof that the market has bottomed. 1. A market correction is normal, not necessarily a crisis Inve

$SpaceX(SPCX)$  Anthropic’s $84.5B SpaceX Deal — Is the Market Getting the Starship Story Wrong? Starship just reached orbit for the first time. Then Anthropic disclosed up to $84.5 billion of potential payments to SpaceX for AI computing capacity through 2029. Put the two headlines together and the SpaceX story looks enormous. But there is an important detail that investors should not miss: Anthropic’s $84.5 billion agreement is for compute capacity on the ground — not orbital AI data centers. That distinction could matter a lot for how much of SpaceX’s future growth is already being priced in. The $84.5B headline is real — but not a firm $84.5B order Anthropic’s IPO filing shows agreements that could amount to as much as $84.5 billion for

$Meta Platforms, Inc.(META)$  Meta Gains 3.24% as “Whoever Wins AI, Wins” — Hype or a New Revenue Signal? Meta rose 3.24% to $738.79 on September 29, extending a powerful September rebound. But the more interesting story may not be the stock move itself. Meta has now started turning its AI investment into something much more ambitious: a potential enterprise software business. The question is whether this becomes a genuine second growth engine — or simply another reason for investors to pay a higher multiple before the revenue arrives. From advertising company to AI platform Meta’s core business remains advertising. In Q2 2026, revenue reached $60.8 billion, up 28% year over year, while ad impressions increased 14% and average price per ad r

$Broadcom(AVGO)$  Broadcom’s $16.7B AI Engine Faces a Margin Test — Is the ASIC Trade Still Attractive? Broadcom’s AI business is no longer a “future opportunity.” It is already a $16.7 billion quarterly business. The harder question now is whether Broadcom can turn that explosive ASIC growth into equally strong profit and free cash flow growth. That distinction could become increasingly important for AVGO investors. The AI numbers are getting difficult to ignore Broadcom’s fiscal Q3 AI semiconductor revenue reached $16.7B, up 221% year over year and 54% sequentially. Management expects another acceleration in Q4, with AI semiconductor revenue guided to $21.7B, up 236% YoY. Broadcom is also forecasting roughly $58B of AI semiconductor revenu

High Rates for Longer: How Would I Change My Investment Strategy? The biggest mistake in a “higher-for-longer” environment is assuming that the answer is simply to sell stocks and wait for rates to fall. I would do something different. I would make the portfolio more sensitive to cash flow, valuation and balance-sheet strength — while becoming much more selective about how much I pay for future growth. The reason is simple: high rates change the hurdle rate for almost every investment. The U.S. 10-year Treasury yield recently reached 5.278%, its highest level since 2007, while the 30-year yield also reached levels not seen since 2002. The Federal Reserve has also raised its policy rate to 3.75%–4.00%, with markets still pricing meaningful odds of another hike.  That creates a very dif

BlackRock, Mastercard, Visa — Why Is Circle Still Falling? $BlackRock(BLK)$  $MasterCard(MA)$  $Visa(V)$   Circle had a strange day. $Circle Internet Corp.(CRCL)$   BlackRock, Mastercard and Visa all have relationships with Circle, while Circle is also acquiring Tazapay, a cross-border payments platform with more than $25B in annualized payment volume. Yet Circle fell 6.78% to $80.45. So why didn’t the market celebrate? Because partnerships aren’t revenue This is the key distinction. Institutional names putting their weight behind Circle can validate the infrastructure and show

Optical Stocks Rebound — Is This Demand or Just Positioning? Optical networking stocks suddenly came alive Wednesday. $Lululemon Athletica(LULU)$  $AXT Inc(AXTI)$  $Semtech(SMTC)$  $Coherent(COHR)$  $Marvell Technology(MRVL)$   Lumentum jumped 9.59%, AXT 11.44%, Semtech 11.03%, while Coherent gained roughly 6% and Marvell 3.61%. The obvious question: What changed? Not much in the day’s headlines. That makes the move interesting — because sometimes the market isn’t reacting to new information. It’s reacting to positioning, expecta