JULY 2026 (SUMMARY)

​July was undeniably a crazy month—potentially the wildest one yet for anyone caught in the AI and semiconductor trade. While yesterday's rebound offers a glimmer of hope that we might have finally hit the bottom for the year, the wreckage left behind is historic, especially in South Korea. The KOSPI suffered a brutal collapse, driven down by massive double-digit plunges in memory chip giants SK Hynix and Samsung, which make up a massive chunk of the index. It was an absolute nightmare scenario for retail traders, particularly the 20- to 30-year-olds who chased the dream of financial freedom using risky 4x leverage. In a single day, months of explosive AI-driven gains were wiped out, triggering margin calls and leaving hundreds of thousands of young investors with absolutely nothing.

The US market was equally unforgiving, proving that even the "smart money" wasn't immune to the rapid sector repricing. The sheer speed of the tech rout forced Leopold Aschenbrenner's AI-focused hedge fund, Situational Awareness, into a massive liquidity crunch, resulting in a forced liquidation of the bulk of his public stock portfolio to Ken Griffin's Citadel just to survive the pressure of heavy July losses. This contagion heavily impacted the foundational pillars of the AI infrastructure trade, sending shockwaves through heavyweights like Nvidia, Broadcom, and Marvell as Wall Street suddenly began questioning AI capital return cycles and infrastructure costs. It was a stark reality check that even the most transformative technological shifts are subject to gravity when valuations get stretched.

This month, as the market falls, I added in more positions into $Marvell Technology(MRVL)$ , $Taiwan Semiconductor Manufacturing(TSM)$ , $Ondas Holdings Inc.(ONDS)$ , $Rocket Lab USA, Inc.(RKLB)$ and new positions in ... $ServiceNow(NOW)$ . I believe ServiceNow is essential as we go back to fundamentals; as proven in times of AI hardware worries, enterprise software excels. However, ServiceNow isn't just a traditional software stock. It is rapidly emerging as a premier AI monetization engine, seamlessly integrating generative AI directly into everyday corporate workflows where businesses are actively paying for immediate, measurable productivity gains. By bridging the gap between highly reliable, sticky SaaS recurring revenue and practical, real-world AI application, it serves as the perfect defensive yet forward-looking anchor to balance out the extreme volatility we've seen in the semiconductor space.

Chips and AI still dominates my portfolio as I am still optmistic about the long term gains. I might have gotten off lightly compared to others in the market but still was a painful month of correction. AI trade is unlike anything we seen before and after months of huge gains, heavy corrections are bout to happen (Just don't use 4x Leverages or even any leverages at all 💀) This is unlike anything we know as fragile like the dot com era as companies like Nvidia, Broadcom, Marvell, etc have strong fundamentals and foundations. Lets see how August plays out as a rebounding month hopefully. LETS GO [Shy]