To The Moon

On Mon, 10 Aug 2026 comeback kid $Intel(INTC)$ made the headlines again when it announced a $15 billion common stock offering to support skyrocketing customer AI demand. (see below) Even before US trading begins, early on Tue, 11 Aug 2026, the chip maker confirmed, it had priced the stock offering at $95 a share and upsized the offer by additional $5 billion to $20 billion. (see above) Here’s the thing - INTC’s $20 billion equity raise is more than a routine financing exercise: It is a calculated attempt to convert INTC’s powerful share-price recovery into the factory capacity needed to compete in AI infrastructure and 3rd-party chip manufacturing. The immediate sell-off reflects dilution anxiety, but the deeper question is whether the offering: S

$VanEck Gold Miners ETF(GDX)$ is breaking out of a 22-week base, while precious metals and miners remain among the strongest relative-strength groups over the past month. The leadership is much broader than gold alone. $SPDR Gold ETF(GLD)$ $iShares Silver Trust(SLV)$ $VanEck Gold Miners ETF(GDX)$ $Global X Silver Miners ETF(SIL)$ $Amplify Junior Silver Miners ETF(SILJ)$ are all showing strong one-month relative strength, alongside $abrdn Physical Platinum Shares ETF(PPLT)$ for platinum and

The market doesn't like seeing revenue growth slow, but I think the bigger question is what $On Holding AG(ONON)$ is giving up to protect profitability. Management appears willing to accept some moderation in growth rather than sacrifice margins just to keep the top line moving faster. That tradeoff could become increasingly important over the long term. If margins continue to expand, the earnings power of the business can keep improving even if revenue growth settles at a lower rate. At around 22x trailing earnings, the valuation also looks much more interesting if margin expansion continues to translate into stronger EPS growth. What looks expensive on today's numbers can look very different a few years from now if the company keeps improving it

I. No Surprises in Earnings, But Key Product Launches Are Imminent Tencent Q2 expectations: Total revenue +8.8% YoY (consensus +10%), adjusted net profit +4.7% (consensus +9%) — both slightly below consensus, a near-term risk point. WeChat AI assistant beta launch and foundational model improvements are underway. The market may be underestimating Tencent's leading position in China's AI agent orchestration layer (WorkBuddy ranks #1 in user base). Capex for 2026–28 is raised 23–25% to RMB 185B/225B/250B. Forward EPS is lowered due to increased AI investment. Tencent will host its Global Digital Ecosystem Summit in September 2026, focusing on breakthroughs in WeChat AI agents, WorkBuddy, and other 2C products. The WeChat AI launch is expected in Q3 2026, followed by the Hunyuan (HY) foundati

Today's one-sentence theme: The AI theme continues (Intel's fundraising expansion, Anthropic's planned IPO), while storage enters a phase of "high IV but the leveraged surge is over." Hong Kong stocks get a catalyst from the Hang Seng Tech Index expansion. Strategic tone: Sell into high IV, sell Puts on quality names on pullbacks. I. Today's New Focus Areas Intel Fundraising: Short-Term Negative, But Overwhelming Demand Is a Strong Endorsement The stock fell 4% on Monday. The fundraising scale expanded from $15 billion to $20 billion, with subscription demand exceeding $100 billion. Pricing is expected above $95, with proceeds going toward accelerating AI and advanced manufacturing. Interpretation (through the lens of equity financing logic): Equity financing is typically a short-term nega