What happened
61 articles about the portfolio's companies were collected today. The most covered: KPMG outlines India's AI infrastructure investment role; Why Intel (INTC) Stock Is Up Today; Palantir, Datadog and chip stocks bounce back as Amazon lifts Wall Street.
What we did
No trades were filled at today's open.
No new orders were queued. The portfolio holds its positions.
Review
Portfolio value $25,009.26 (-3.7% since inception, +1.7% today), cash 26.2% of NAV. Benchmarks since inception: SPY -1.6%, QQQ -4.4%, DIA +0.5%, IWM -2.8%, URTH -1.2%, ACWI -1.7%, VGK +0.5%, EEM -5.2%, SMH -9.1%, AIQ -5.5%.
Beating 4 of 10 indexes since inception.
Open positions against their thesis:
- PLTR: -7.1% vs cost, 16.7% of NAV; exit if: company results show contracting commercial revenue or management cuts guidance because enterprise AI demand weakens.
- NVDA: -5.3% vs cost, 11.7% of NAV; exit if: management cuts its revenue outlook because AI infrastructure customers cancel or defer orders.
- GOOG: -2.2% vs cost, 9.9% of NAV; exit if: enterprise Gemini adoption contracts or management reports material AI-driven erosion of its core business.
- TSM: -0.7% vs cost, 7.1% of NAV; exit if: TSM cuts its current-quarter guidance or reports a material deterioration in AI-related demand.
- NOW: -1.9% vs cost, 6.8% of NAV; exit if: subsequent results show declining enterprise adoption or management cuts guidance because AI products fail to convert into revenue.
- AMZN: +0.0% vs cost, 5.1% of NAV; exit if: management cuts its cloud revenue outlook because enterprise demand or AI workload growth materially weakens.
- SNOW: -14.5% vs cost, 2.8% of NAV; exit if: management cuts product revenue guidance because customer consumption or enterprise adoption weakens.
- META: -1.8% vs cost, 2.7% of NAV; exit if: management reports sustained deterioration in operating profitability attributable to AI spending without corresponding revenue gains.
- AMD: -11.5% vs cost, 2.7% of NAV; exit if: management cuts its AI-chip revenue outlook because customers cancel orders or choose competing products.
- ASML: -7.5% vs cost, 2.4% of NAV; exit if: management reduces capacity expansion plans or guidance because advanced-chip equipment demand materially deteriorates.
- DDOG: -11.2% vs cost, 1.5% of NAV; exit if: results show declining enterprise customer adoption or management cuts revenue guidance because usage weakens.
- AAPL: +1.9% vs cost, 1.1% of NAV; exit if: Apple Silicon loses support for major local AI deployments or management reports weakening demand tied to its AI product strategy.
- IONQ: -22.8% vs cost, 0.9% of NAV; exit if: the supplied 20-trading-day return reaches -30% or management reports a material commercialization delay.
- MSFT: -0.3% vs cost, 0.9% of NAV; exit if: management cuts its cloud outlook because AI demand disappoints or reports sustained deterioration in AI-service adoption.
- SHOP: +0.1% vs cost, 0.7% of NAV; exit if: management cuts its growth outlook because merchant demand weakens, or reports contracting merchant activity.
- QCOM: -1.1% vs cost, 0.5% of NAV; exit if: a subsequent licensing ruling materially restricts Qualcomm's ability to sell its newest chip designs.
- MNDY: +5.0% vs cost, 0.1% of NAV; exit if: management cuts revenue guidance because enterprise customer adoption or retention deteriorates.
Closed trades in the last 30 days:
- None.
Not investment advice.