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Ren

Mapping the AI buildout, all twelve layers of it, from the app on your phone to the minerals in the ground, and the stocks at every floor. ⚡️

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NBIS valuation - What Q2 Changed

What Q2 changes, and doesn't change, about my July valuation.

Portfolio Update - Mid-August

The worst drawdown my portfolio has ever seen, followed by the fastest recovery. What I cut, what I kept, and what I am changing.

Inside the AI Interconnect Boom - What, When and How to Trade it.

The AI trade started at the chip. Then it moved to the memory. Now it is moving to the wire.

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Memory Battle: DRAM vs. DISK

Two memory ETFs enter the arena. We break down their holdings, exposure, strengths, weaknesses, and which one deserves a spot in the portfolio.

The Next Space Boom Won’t Be Won in Space

Mapping the eight layers of the space economy, from orbital services to critical minerals.

Weekly Update: Macro + Port | July 27 - August 2

Four pieces this week, one story: US macro and the Leopold liquidation, Korea, the AI buildout, and my portfolio. Everything everywhere all at once.

Lumentum: Let there be LITE!

A company that lost half a billion dollars two fiscal years ago just grew revenue 90 percent in a quarter, told the market it cannot make enough lasers to meet demand, and watched NVIDIA wire it $2B.

You Want The Light. Here Are Four Ways To Own It.

FOTO vs LAZR vs EUV. One is the pure optical bet, one is the upstream supply chain, and one is a chip-equipment fund wearing a photonics costume. Know the difference before you click buy.

Weekly Update: Macro + Port Top 7 | July 20-26

Retail just had its worst month since 2022 while the S&P sat near highs. Why that gap is positioning, not a broken thesis, and where my top 7 sits going into a heavy earnings week.