To The Moon

$Broadcom(AVGO)$ reports fiscal-third-quarter results after the September 2 close with a difficult expectations problem. Its preceding quarter produced extraordinary AI growth and cash flow, yet the stock remains far below its yearly high because investors are questioning customer concentration, custom-chip competition and how long hyperscaler spending can accelerate. Broadcom reported on June 3 for the quarter ended May 3. Revenue increased 48% to $22.19 billion, adjusted EBITDA reached $15.24 billion and free cash flow was $10.26 billion. AI semiconductor revenue rose 143% to $10.8 billion. Management guided the third quarter to approximately $29.4 billion of revenue and said AI semiconductor revenue should exceed $16 billion, up more than 200%.

Index Arbitrage vs. Core Fundamentals: While passive index inclusion forces temporary mechanical inflows, it does not alter underlying unit economics. Chasing closing spikes driven purely by index funds carries high structural risk of a post-rebalance mean reversion. The HBM3E Supply-Demand Paradox: Spot rates for 36GB HBM3E running at 4–5x contract prices (~$2,100) underscore severe near-term market tightness. However, incumbent suppliers like Micron (MU) and SK Hynix remain heavily bound by multi-year contract pricing, muting direct spot revenue pass-through.

SanDisk flipping a 2% intraday loss into a +5.50% surge at the close—only to give back 1.06% after hours—is textbook forced passive buying driven by its MSCI World and ACWI index inclusion rather than a fundamental breakout. While Kioxia and SanDisk committing $31B to capacity signals confidence in long-term NAND demand, chasing an index-rebalance pop usually leaves retail traders holding the bag once institutional mechanical flows clear out. Meanwhile, the real structural story remains in high-bandwidth memory: spot prices for 36GB HBM3E running at ~$2,100 (4–5x contract rates) highlight an insatiable supply deficit, but established leaders like Micron (MU) and SK Hynix are heavily insulated by multi-year locked contracts. With domestic players like CXMT reporting massive H1 revenue growt

Despite $NVIDIA(NVDA)$ Nvidia’s announcement that multi-year purchase commitments tripled from $119B to $279B—driven primarily by High-Bandwidth Memory (HBM) procurement—leading memory stocks like $Micron Technology(MU)$ Micron (MU) and $Western Digital(WDC)$ Western Digital (WDC) have suffered sharp pullbacks and sideways consolidation. Micron touched peak levels above $1,250 in late June before entering a 35%+ drawdown, while sector ETFs slid into bear market territory. In this article we would be examining the root causes of market anxieties driving investor hesitancy: Cyclical Overcapacity Fears: Lingering trauma from historical memory boom-and-bust cycles and c

Thursday's session produced one of the more confusing divergences of the year. NVDA closed up 8.74% after delivering revenue up 106% year on year, data centre sales up 117%, and a forecast for roughly 70% top-line growth next year. CFO Colette Kress explicitly named rising memory costs as the reason gross margin is heading from 75% today to a trough of 71 to 72% in Q4. High bandwidth memory now accounts for an estimated 30 to 40% of the cost to build an AI accelerator. The world's most important AI chip company just told the world, on an earnings call with full legal accountability, that memory suppliers have pricing power over it. SNDK closed down 0.96%. MU closed down 0.32%. SK Hynix gained 2.27%. That divergence deserves a straight answer rather than rationalisation. The Three Reasons M

Hello. $NVIDIA(NVDA)$ closed up 8.74 per cent on Thursday at US$227.98, and one report called it the largest single-day gain in market value the company has ever made; $Invesco QQQ(QQQ)$ rose 1.37 per cent. Another headline was blunter: $S&P 500(.SPX)$ was up that day because of Nvidia and nothing else. The other side of it appeared the same day: one report's headline said Nvidia is getting too big, and that this is a problem in itself. An index leaning on a single stock looks good on the way up and works the same way in reverse. The day before, it had fallen first and turned higher only on the 70 per cent growth

SanDisk lagged during the sector rally because crowded positions often face profit-taking first, especially as downstream buyers push back on 15%+ AI server price hikes driven by high memory costs. While pure-play HBM leaders like SK Hynix and Micron command institutional favor due to immediate data center demand, SanDisk remains tied to broader NAND storage cycles where capex hurdles are tightening. The prudent play isn't chasing the initial pop in Micron or Hynix, but rather waiting for Nvidia’s gross margin guidance to confirm whether hyperscalers can smoothly absorb these rising memory costs without squeezing semiconductor margins across the entire supply chain.

Hello. US markets barely moved during Wednesday's session — $S&P 500(.SPX)$ fell 0.02 per cent and $Invesco QQQ(QQQ)$ rose 0.09 per cent, with everyone waiting on one set of results after the close. They arrived, and the numbers were better than anyone had expected. Record revenue of US$96.221 billion, up 106 per cent year on year, with data centre revenue up 117 per cent; consensus was about US$92.38 billion, so revenue came in about 4 per cent ahead, and adjusted earnings per share was US$2.22 against US$2.09 expected, about 6.22 per cent ahead. Guidance for the current quarter is about US$108 billion, and revenue in financial year 2028 is expected to grow about 70 per

SanDisk closing lower (-0.83%) while Micron (+2.48%) and SK Hynix (+2.68%) rallied reflects its distinct product mix and crowded institutional ownership rather than a breakdown in fundamental memory demand. While SK Hynix and Micron command the high-margin High Bandwidth Memory (HBM) supply chains directly linked to NVIDIA's AI accelerators, SanDisk remains heavily exposed to consumer flash and enterprise NAND, making it the primary target for position trimming as traders reallocate capital into direct HBM pure-plays. Rather than chasing the initial pop, the optimal play is waiting for post-earnings clarity on gross margin sustainability—specifically watching whether upstream memory price hikes begin dampening buyer capex before stepping into SanDisk on a technical reset.

Societe Generale has also expanded its US Stock DLC range with new 3x Long and Short DLCs on $Intel(INTC)$ $SanDisk Corp.(SNDK)$ and $Applied Materials(AMAT)$ , providing investors with more opportunities for leveraged and inverse exposure to the semiconductor sector. This is in addition to the existing US Stock DLC range, which offers investors up to 5x leveraged and inverse exposure of US Stocks during SGX market hours. Investors can obtain exposure to semiconductor stocks like $Micron Technology(MU)$ and $NVIDIA(NVDA)$ in addition to the newly-listed DLCs. See the full list of

Hello. Nvidia does not report until after tonight's US close. Not one of Tuesday's five biggest gainers rose because of it. $NVIDIA(NVDA)$ itself closed up 2.19 per cent at US$213.05, snapping a seven-session losing streak, and added 0.29 per cent after hours. The indices rose with it: $S&P 500(.SPX)$ up 0.32 per cent and $Invesco QQQ(QQQ)$ 0.62 per cent, with coverage noting $Dow Jones(.DJI)$ had posted a third straight triple-digit gain. On the results themselves, the options market is pricing a swing of about US$280 billion in market value, with anothe

The semiconductor sector has experienced unprecedented valuation expansion driven by the generative AI infrastructure super cycle. Within this regime, memory manufacturers have witnessed remarkable multi-fold rallies. However, short-term performance divergence between pure memory/NAND flash providers (such as $Western Digital(WDC)$ Western Digital/ $SanDisk Corp.(SNDK)$ SanDisk assets) and compute-adjacent DRAM/HBM leaders (such as $SK hynix(SKHY)$ SK Hynix and $Micron Technology(MU)$ Micron) has sparked debate over market positioning and investor preference. In this article, we will be discussing an analysis of NAND flash

$NVIDIA(NVDA)$ snapped a seven-day losing streak ahead of its highly anticipated earnings, release after the US market close on Wednesday (26 August). The stock rose 2.2%, lifting the $NVDA 5xLongSG280726(KJHW.SI)$ by around 11% while the $NVDA 5xShortSG280726(VU6W.SI)$ declined by similar magnitude. Nvidia shares have declined immediately following its earnings in each of its last four releases. It was most recently on a 7-day losing streak, declining 7.4% over the period of 13 to 24 August. Investors with a bullish view can consider the $NVDA 5xLongSG280726(KJHW.SI)$ , while those who expect further downside c

$SNDK$  SanDisk (SNDK) Key Investor Day Conference Announcement Information Sandisk's long-term financial guidance is exceptionally bullish, signaling a structural shift in its business model and strong conviction in the sustained demand driven by the AI infrastructure buildout. The company is projecting industry-leading growth and profitability by securing long-term customer commitments, moving away from the volatile spot market that historically defined the memory industry. Key Information Here is a breakdown of the three major components of Sandisk's announcement: 1. Revenue Growth Outlook: Mid-to-High-Teens CAGR (FY2028-2030) What it means: Sandisk expects its annual revenue to grow at a compound annual growth r

The Philadelphia Semiconductor Index fell 5% on Tuesday, with memory, storage and optical-networking stocks leading the decline. There was no clear deterioration in industry fundamentals. Rising Treasury yields, higher oil prices and profit-taking in crowded AI trades combined to trigger a sharp valuation reset. 1. Semiconductor Sentiment Reversed in One Session On Monday, AI storage was one of the strongest areas of the market: SanDisk gained 8.9% Micron rose 4.1% Western Digital, Seagate and optical-networking stocks also advanced One day later, the trade reversed sharply. Stock Tuesday Segment SNDK −9.0% NAND and enterprise SSDs WDC −7.4% Data-center HDDs MU −7.0% DRAM and HBM AMD −4.3% AI processors AVGO −3.2% Custom chips and networking NVDA −2.3% AI GPUs COHR −12.8% Optical networkin

Hello. Three companies reported on Tuesday. Put the three side by side and no order makes sense. $Fabrinet(FN)$ beat on revenue by about 3.1 per cent and on earnings per share by about 7.5 per cent, both records — and closed down 19.38 per cent at US$482.59. $Home Depot(HD)$ beat on both lines, posted net sales of about US$47.9 billion and its best comparable sales since 2022, and reaffirmed full-year guidance — and closed down 0.12 per cent. $BIDU-SW(09888)$ missed on both revenue and profit, with earnings per share about 22.7 per cent short — and closed down 12.73 per cent. Full marks fell 19 per cent, a pass fell 0.

$SanDisk Corp.(SNDK)$   SanDisk Investor Presentations : SanDisk’s growth is surging as agentic AI and real-time LLM inference shift memory demands toward high-capacity NAND flash and enterprise SSDs. To support long context windows and persistent KV caching, SanDisk secured $93.9 billion in minimum contracted revenue commitments, targeting mid-to-high teens annual revenue growth through 2030. Drivers of Agentic AI Growth Storage Demand: Agentic workflows require continuous, large-scale memory access and rapid retrieval, driving server eSSDs to absorb over half of global NAND bit shipments. KV Cache Offloading: Offloading persistent Key-Value caches to flash memory has become a critical architecture for handlin

$SanDisk Corp.(SNDK)$ $Lumentum (LITE.US)$ if you feel demoralized think twice.  $Lumentum(LITE)$   every rally benefits someone. but someone has to pay. leopard Leopold Aschenbrenner’s AI-focused hedge fund paid. who is next ?

Here for the long run🚀🚀🚀

$Broadcom(AVGO)$ reports fiscal-third-quarter results after the September 2 close with a difficult expectations problem. Its preceding quarter produced extraordinary AI growth and cash flow, yet the stock remains far below its yearly high because investors are questioning customer concentration, custom-chip competition and how long hyperscaler spending can accelerate. Broadcom reported on June 3 for the quarter ended May 3. Revenue increased 48% to $22.19 billion, adjusted EBITDA reached $15.24 billion and free cash flow was $10.26 billion. AI semiconductor revenue rose 143% to $10.8 billion. Management guided the third quarter to approximately $29.4 billion of revenue and said AI semiconductor revenue should exceed $16 billion, up more than 200%.

SanDisk flipping a 2% intraday loss into a +5.50% surge at the close—only to give back 1.06% after hours—is textbook forced passive buying driven by its MSCI World and ACWI index inclusion rather than a fundamental breakout. While Kioxia and SanDisk committing $31B to capacity signals confidence in long-term NAND demand, chasing an index-rebalance pop usually leaves retail traders holding the bag once institutional mechanical flows clear out. Meanwhile, the real structural story remains in high-bandwidth memory: spot prices for 36GB HBM3E running at ~$2,100 (4–5x contract rates) highlight an insatiable supply deficit, but established leaders like Micron (MU) and SK Hynix are heavily insulated by multi-year locked contracts. With domestic players like CXMT reporting massive H1 revenue growt

Index Arbitrage vs. Core Fundamentals: While passive index inclusion forces temporary mechanical inflows, it does not alter underlying unit economics. Chasing closing spikes driven purely by index funds carries high structural risk of a post-rebalance mean reversion. The HBM3E Supply-Demand Paradox: Spot rates for 36GB HBM3E running at 4–5x contract prices (~$2,100) underscore severe near-term market tightness. However, incumbent suppliers like Micron (MU) and SK Hynix remain heavily bound by multi-year contract pricing, muting direct spot revenue pass-through.

Despite $NVIDIA(NVDA)$ Nvidia’s announcement that multi-year purchase commitments tripled from $119B to $279B—driven primarily by High-Bandwidth Memory (HBM) procurement—leading memory stocks like $Micron Technology(MU)$ Micron (MU) and $Western Digital(WDC)$ Western Digital (WDC) have suffered sharp pullbacks and sideways consolidation. Micron touched peak levels above $1,250 in late June before entering a 35%+ drawdown, while sector ETFs slid into bear market territory. In this article we would be examining the root causes of market anxieties driving investor hesitancy: Cyclical Overcapacity Fears: Lingering trauma from historical memory boom-and-bust cycles and c

Thursday's session produced one of the more confusing divergences of the year. NVDA closed up 8.74% after delivering revenue up 106% year on year, data centre sales up 117%, and a forecast for roughly 70% top-line growth next year. CFO Colette Kress explicitly named rising memory costs as the reason gross margin is heading from 75% today to a trough of 71 to 72% in Q4. High bandwidth memory now accounts for an estimated 30 to 40% of the cost to build an AI accelerator. The world's most important AI chip company just told the world, on an earnings call with full legal accountability, that memory suppliers have pricing power over it. SNDK closed down 0.96%. MU closed down 0.32%. SK Hynix gained 2.27%. That divergence deserves a straight answer rather than rationalisation. The Three Reasons M

Hello. $NVIDIA(NVDA)$ closed up 8.74 per cent on Thursday at US$227.98, and one report called it the largest single-day gain in market value the company has ever made; $Invesco QQQ(QQQ)$ rose 1.37 per cent. Another headline was blunter: $S&P 500(.SPX)$ was up that day because of Nvidia and nothing else. The other side of it appeared the same day: one report's headline said Nvidia is getting too big, and that this is a problem in itself. An index leaning on a single stock looks good on the way up and works the same way in reverse. The day before, it had fallen first and turned higher only on the 70 per cent growth

Hello. US markets barely moved during Wednesday's session — $S&P 500(.SPX)$ fell 0.02 per cent and $Invesco QQQ(QQQ)$ rose 0.09 per cent, with everyone waiting on one set of results after the close. They arrived, and the numbers were better than anyone had expected. Record revenue of US$96.221 billion, up 106 per cent year on year, with data centre revenue up 117 per cent; consensus was about US$92.38 billion, so revenue came in about 4 per cent ahead, and adjusted earnings per share was US$2.22 against US$2.09 expected, about 6.22 per cent ahead. Guidance for the current quarter is about US$108 billion, and revenue in financial year 2028 is expected to grow about 70 per

Hello. Nvidia does not report until after tonight's US close. Not one of Tuesday's five biggest gainers rose because of it. $NVIDIA(NVDA)$ itself closed up 2.19 per cent at US$213.05, snapping a seven-session losing streak, and added 0.29 per cent after hours. The indices rose with it: $S&P 500(.SPX)$ up 0.32 per cent and $Invesco QQQ(QQQ)$ 0.62 per cent, with coverage noting $Dow Jones(.DJI)$ had posted a third straight triple-digit gain. On the results themselves, the options market is pricing a swing of about US$280 billion in market value, with anothe

The semiconductor sector has experienced unprecedented valuation expansion driven by the generative AI infrastructure super cycle. Within this regime, memory manufacturers have witnessed remarkable multi-fold rallies. However, short-term performance divergence between pure memory/NAND flash providers (such as $Western Digital(WDC)$ Western Digital/ $SanDisk Corp.(SNDK)$ SanDisk assets) and compute-adjacent DRAM/HBM leaders (such as $SK hynix(SKHY)$ SK Hynix and $Micron Technology(MU)$ Micron) has sparked debate over market positioning and investor preference. In this article, we will be discussing an analysis of NAND flash

Societe Generale has also expanded its US Stock DLC range with new 3x Long and Short DLCs on $Intel(INTC)$ $SanDisk Corp.(SNDK)$ and $Applied Materials(AMAT)$ , providing investors with more opportunities for leveraged and inverse exposure to the semiconductor sector. This is in addition to the existing US Stock DLC range, which offers investors up to 5x leveraged and inverse exposure of US Stocks during SGX market hours. Investors can obtain exposure to semiconductor stocks like $Micron Technology(MU)$ and $NVIDIA(NVDA)$ in addition to the newly-listed DLCs. See the full list of

SanDisk lagged during the sector rally because crowded positions often face profit-taking first, especially as downstream buyers push back on 15%+ AI server price hikes driven by high memory costs. While pure-play HBM leaders like SK Hynix and Micron command institutional favor due to immediate data center demand, SanDisk remains tied to broader NAND storage cycles where capex hurdles are tightening. The prudent play isn't chasing the initial pop in Micron or Hynix, but rather waiting for Nvidia’s gross margin guidance to confirm whether hyperscalers can smoothly absorb these rising memory costs without squeezing semiconductor margins across the entire supply chain.

SanDisk closing lower (-0.83%) while Micron (+2.48%) and SK Hynix (+2.68%) rallied reflects its distinct product mix and crowded institutional ownership rather than a breakdown in fundamental memory demand. While SK Hynix and Micron command the high-margin High Bandwidth Memory (HBM) supply chains directly linked to NVIDIA's AI accelerators, SanDisk remains heavily exposed to consumer flash and enterprise NAND, making it the primary target for position trimming as traders reallocate capital into direct HBM pure-plays. Rather than chasing the initial pop, the optimal play is waiting for post-earnings clarity on gross margin sustainability—specifically watching whether upstream memory price hikes begin dampening buyer capex before stepping into SanDisk on a technical reset.

$NVIDIA(NVDA)$ snapped a seven-day losing streak ahead of its highly anticipated earnings, release after the US market close on Wednesday (26 August). The stock rose 2.2%, lifting the $NVDA 5xLongSG280726(KJHW.SI)$ by around 11% while the $NVDA 5xShortSG280726(VU6W.SI)$ declined by similar magnitude. Nvidia shares have declined immediately following its earnings in each of its last four releases. It was most recently on a 7-day losing streak, declining 7.4% over the period of 13 to 24 August. Investors with a bullish view can consider the $NVDA 5xLongSG280726(KJHW.SI)$ , while those who expect further downside c

$SanDisk Corp.(SNDK)$’s August 13 investor day presented a long-term financial model that would once have looked implausible for a cyclical flash-memory manufacturer. Management expects mid-to-high-teens annual revenue growth from fiscal 2028 through 2030, adjusted gross margin around 80% and free-cash-flow margin near 50%. The stock surged almost 14%, but those exceptional targets also define how much future success investors now expect. The targets follow an extraordinary fiscal fourth quarter, reported on August 5 for the period ended June 27. Revenue increased 51% sequentially to $8.97 billion, while GAAP and non-GAAP gross margin reached 84.6%. Non-GAAP earnings were $39.25 per diluted share. Approximately two-thirds of the sequential revenue

The Philadelphia Semiconductor Index fell 5% on Tuesday, with memory, storage and optical-networking stocks leading the decline. There was no clear deterioration in industry fundamentals. Rising Treasury yields, higher oil prices and profit-taking in crowded AI trades combined to trigger a sharp valuation reset. 1. Semiconductor Sentiment Reversed in One Session On Monday, AI storage was one of the strongest areas of the market: SanDisk gained 8.9% Micron rose 4.1% Western Digital, Seagate and optical-networking stocks also advanced One day later, the trade reversed sharply. Stock Tuesday Segment SNDK −9.0% NAND and enterprise SSDs WDC −7.4% Data-center HDDs MU −7.0% DRAM and HBM AMD −4.3% AI processors AVGO −3.2% Custom chips and networking NVDA −2.3% AI GPUs COHR −12.8% Optical networkin

Hello. Three companies reported on Tuesday. Put the three side by side and no order makes sense. $Fabrinet(FN)$ beat on revenue by about 3.1 per cent and on earnings per share by about 7.5 per cent, both records — and closed down 19.38 per cent at US$482.59. $Home Depot(HD)$ beat on both lines, posted net sales of about US$47.9 billion and its best comparable sales since 2022, and reaffirmed full-year guidance — and closed down 0.12 per cent. $BIDU-SW(09888)$ missed on both revenue and profit, with earnings per share about 22.7 per cent short — and closed down 12.73 per cent. Full marks fell 19 per cent, a pass fell 0.

Investors closely track Big Tech’s quarterly capital expenditures, but reported CapEx only captures part of the AI buildout. Nine major technology companies reportedly have about $3 trillion in future lease, chip-purchase and infrastructure commitments that are not yet fully reflected on their balance sheets. 1. Where Did the $3 Trillion Come From? According to a Wall Street Journal analysis of financial-statement footnotes, nine major technology companies reported roughly $600 billion in combined CapEx over their latest 12-month periods. However, their broader future commitments approach $3 trillion, including approximately: $1.2 trillion in data-center leases that have not yet commenced; $1.9 trillion in long-term purchase agreements covering chips, memory, power and other infrastructure

$SNDK$  SanDisk (SNDK) Key Investor Day Conference Announcement Information Sandisk's long-term financial guidance is exceptionally bullish, signaling a structural shift in its business model and strong conviction in the sustained demand driven by the AI infrastructure buildout. The company is projecting industry-leading growth and profitability by securing long-term customer commitments, moving away from the volatile spot market that historically defined the memory industry. Key Information Here is a breakdown of the three major components of Sandisk's announcement: 1. Revenue Growth Outlook: Mid-to-High-Teens CAGR (FY2028-2030) What it means: Sandisk expects its annual revenue to grow at a compound annual growth r

Hello. The first thing to move this week was not a set of results. It was policy. The US government spoke up and asked Apple to steer clear of Chinese memory chips. That one request lifted the entire memory chain on Monday. $SanDisk Corp.(SNDK)$ closed up 8.88 per cent at US$1,786.85, and $Tradr 2X Long SNDK Daily ETF(SNXX)$ rose 17.73 per cent in a day. $Micron Technology(MU)$ closed up 4.13 per cent at US$1,011.75, back above US$1,000. $Western Digital(WDC)$ rose 5.35 per cent, $SK hynix(SKHY)$ 3.04 p

$SanDisk Corp.(SNDK)$ has already been one of 2026’s biggest semiconductor winners. Yet after the stock jumped 13.6% on Aug. 13 to US$1,528.11, Goldman Sachs reiterated its Buy rating and US$2,200 price target, implying roughly 44% further upside. That may sound aggressive after a roughly 467% year-to-date rally, but Goldman’s thesis is no longer just about rising NAND prices. The bigger argument is that Sandisk may be evolving from a highly cyclical flash-memory producer into a business with longer earnings visibility, higher margins, stronger shareholder returns, and a new AI-inference opportunity through High Bandwidth Flash (HBF). The key question for traders is simple: Does Sandisk still deserve to be valued like a traditional