To The Moon

Sometimes the biggest investment opportunity isn’t buying a new company. It’s recognising what an existing company already owns. Alibaba ($BABA / 9988.HK) may be preparing to unlock precisely that opportunity. Its proposed spin-off and Hong Kong listing of T-Head (Pingtouge), its wholly owned semiconductor subsidiary, could represent something considerably more important than another Chinese technology IPO. It could be a catalyst for an entirely different valuation of Alibaba. And potentially, the wider Hong Kong technology market. 1. The hidden value inside Alibaba For years, Alibaba has largely been valued as an e-commerce and cloud computing business. But that description increasingly overlooks an important part of its future: its investment in artificial intelligence and semiconductor

The market wanted an inflation victory. Instead, it got a reminder that the fight against inflation isn’t over. October’s CPI report delivered an uncomfortable surprise. Headline inflation rose 0.4% month-on-month against expectations of 0.3%, while core CPI increased 0.3% against forecasts of 0.2%. Both measures came in hotter than anticipated. And for technology investors, that distinction matters. Here’s why. 1. The headline isn’t the whole story Food, shelter and energy increased by 0.5%, 0.3% and 0.7%, respectively. While headline inflation remains the focus of the bulls, core inflation is arguably the more important signal for monetary policy. The concern isn’t simply that prices are rising. It’s that underlying price pressures may be proving more stubborn than the market wants to be

 Sometimes the biggest investment opportunity isn’t buying the market leader. It’s identifying the competitor quietly taking market share. That’s why Advanced Micro Devices (NASDAQ: AMD) deserves serious attention. AMD surged approximately 13.3% on Monday, following an upgrade from Oppenheimer to Outperform, accompanied by a $600 price target. But here’s what I find more interesting: the underlying business is beginning to justify the excitement. 🔥 The numbers investors shouldn’t ignore AMD’s latest Q3 2026 results delivered some impressive figures: * Total revenue reached $13.4 billion, up 45% year-on-year. * Data Centre revenue climbed 97% to $8.5 billion. * Non-GAAP earnings per share increased 74% to $2.09. * Management expects approximately $17 billion in Q4 revenue, representing

The AI memory trade is entering a fascinating new phase. The question is no longer simply whether demand exists. It’s whether that demand can translate into sustainable pricing power, confirmed orders and actual earnings growth. Three companies. Three different signals. One increasingly competitive AI infrastructure race. 1️⃣ Micron ($MU) – The HBM Contract Test Micron’s biggest opportunity is High Bandwidth Memory (HBM), the critical technology powering advanced AI accelerators. But investors need more than impressive AI demand forecasts. The real proof will come from multi-year customer commitments, pricing stability and evidence that HBM margins can continue expanding. If contracts hold and pricing remains firm, Micron could have considerable earnings leverage. 2️⃣ SanDisk ($SNDK) – The

When the world’s most valuable AI company faces questions about its leadership, investors need to look beyond the headlines and examine what really drives its valuation. Jensen Huang isn’t just NVIDIA’s CEO. He is arguably one of its greatest competitive advantages. But that creates an interesting investment dilemma: How much of NVIDIA’s value belongs to the company, and how much belongs to Jensen personally? There is an important distinction between personal goodwill and corporate goodwill. Personal goodwill comes from Jensen’s reputation, vision, credibility and relationships. Corporate goodwill is embedded in NVIDIA itself: its technology, CUDA ecosystem, intellectual property, customer relationships, brand and competitive moat. Why does this matter? If confidence in Jensen weakens, som

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November could be the month when the bulls get their revenge… but I wouldn’t start popping champagne just yet! 🐂📈 October reminded investors that markets can climb the stairs and still fall out of the window. Hong Kong tech taking an 11% hit while US technology stocks stumbled is a timely reminder that even the biggest market darlings aren’t immune to reality. But November has some fascinating catalysts: the US midterm elections, ANT’s IPO and, of course, NVIDIA — arguably the heartbeat of the AI investment revolution. Here’s my investment takeaway: Don’t confuse seasonal optimism with a guaranteed rally. Elections can trigger volatility, IPO excitement can evaporate quickly, and even NVIDIA needs to justify its enormous expectations with earnings growth. I’m watching three things: * US el

Wall Street just reminded everyone that election rallies come with an expiry date! 📉 Yesterday, investors were celebrating like the bull market had just won the lottery. The Dow surged over 1,500 points, technology stocks rallied, and optimism was everywhere. Fast-forward to the following session, and suddenly the party music stopped. This sharp reversal highlights something important: an election rally is not necessarily the beginning of a sustainable bull run. Markets initially price in expectations, but the reality of valuations, earnings, interest rates, economic policy and investor positioning eventually takes over. The interesting development is the growing divide within technology stocks. Microsoft, Amazon, Apple and Google are attracting buyers, while Nvidia, Tesla and semiconducto

AMD’s sell-off highlights an important lesson in investing: beating earnings expectations is not enough when the market has already priced in perfection. The 17% decline looks brutal, but the bigger question is whether this represents deteriorating fundamentals or simply a valuation reset. I’m watching three things closely: MI450 execution and shipment timelines, sustained data-centre revenue growth, and gross-margin expansion. These will ultimately determine whether AMD can translate AI demand into durable shareholder returns. Nvidia may currently dominate the AI accelerator market, but AMD doesn’t need to replace Nvidia to create substantial value. It needs to capture a meaningful share of an expanding market. My investment takeaway: I wouldn’t chase the rebound blindly, nor would I dism

The interesting story here isn’t simply two new IPOs — it’s where the next wave of AI investment could be heading. 🚀 Guoxing Aerospace represents an ambitious opportunity in the emerging space-computing ecosystem, where satellites, orbital infrastructure and future data-processing capabilities could become strategically important. Yiwei Technology, meanwhile, targets the robotics intelligence layer — the chips and systems that give machines the ability to perceive, process and act. But investors need to distinguish between an exciting industry and an attractive valuation. Space AI has enormous long-term potential, but commercialisation, capital requirements and execution risks remain significant. Robotics has a potentially broader near-term application, but competition, margins and custome