To The Moon

SanDisk (SNDK) tops the S&P 500 for the highest return in 2026 YTD. The stock was already the best performer in 2025, and it has continued this year. We’re only four months in, and it’s already more than tripled. SanDisk was a spinoff from Western Digital just last year. It was loss-making initially, but Q3 FY2026 saw net profits soar to $3.6 billion. Revenue was up 251% year-on-year. From zero to hero, quite literally. Western Digital reported 45% revenue growth year-on-year. But what’s more impressive is that its gross margin expanded 10 percentage points—from 40.1% in Q3 FY2025 to 50.5% in Q3 FY2026. That’s a sign WDC is raising prices as it sells more storage. Supply shortages are driving up prices, and these companies are the direct beneficiaries. Finally with AI, cloud growth exp

i start with  AI, cloud growth exploded. Q1 2026 year-on-year revenue growth nearly doubled to 63%. Gemini Enterprise—the stickier corporate customers—grew 40% quarter-on-quarter. That’s more than 200% annualized. Another proof point of surging AI demand: token usage grew 60% QoQ, or 555% annualized. As for Amazon and Microsoft, both saw strong cloud growth too—albeit slower than Google Cloud’s rate, though off a larger revenue base. AWS and Azure reported 28% and 40% year-on-year growth respectively And the AI CAPEX isn’t slowing down—it’s accelerating. The initial $600 billion industry projection has now been revised upward to $700 billion by 2027. AI remains firmly in the spotlight—and even as estimates and expectations have risen, many AI-related stocks managed to surpass them. Th

$Wheaton Precious Metals(WPM)$ 

During the Iran War, the USD actually strengthened. At least two reasons for that. First, oil couldn’t flow out of the Middle East due to the closure of the Strait of Hormuz. Oil prices shot up. Oil is settled in USD—hence the term PetroDollars. Countries suddenly needed more dollars to buy the same amount of oil. The demand for USD went up, strengthening the Dollar. Second, higher oil prices created inflationary pressure. The Fed was unlikely to cut interest rates as aggressively as initially expected. With higher rates on the Dollar, it attracted more demand for USD deposits and bonds—strengthening the USD once more. In the short term, it’s more likely the Iran War is coming to an end, even though there’s still plenty of politicking online between the US and Iran. Oil prices are expected

Gold should not be seen as a standalone asset. On its own, it has no intrinsic value—and naysayers have been banging on this point for years, saying it doesn’t produce cashflow and therefore can’t be valued. Gold’s value is driven by a myriad of factors. The earliest is that it’s perceived as a store of value—and that perception has lasted until today. In other words, gold has value as long as society believes it has value. Otherwise, we could have used anything. Here’s what matters more: gold’s value is relative to alternative stores of value. And in today’s context, the US Dollar is the single most important currency—a store of value and a medium of exchange. That’s why gold prices tend to have an inverse relationship with the USD. If the USD weakens, gold rises. And vice versa. To me, t

AI has been a buzzword for years, but it isn’t a bubble. While some overcapacity is possible in the short term, the long-term growth of AI is just beginning. If your investment horizon is 10 years or more — and you're interested in tech — this is a theme you can't afford to miss. But pause and flip that around — why are even the smartest minds in the world unanimously convinced that AI is going to dominate the next wave of technological progress, and do it faster than anything we've seen before? Finally You must be thinking: how many AI-related headlines do we need to see each day? With the new technology enabling AI becoming more and more common in everyday lives 

Leadership in tech constantly shifts, usually once every decade. It’s important to recognize that today’s tech giants may not remain on top tomorrow. The Magnificent 7 feel unstoppable now — but so did IBM, Nokia, and Cisco in their heydays. Each era had its acronym: FANG, FAANG, and now the Magnificent 7. It changes because markets are always recalibrating who the real leaders are. That’s why investing in tech isn’t about blindly buying today’s winners. It requires you to forecast who will actually benefit from the next shift — and avoid those working against it. That’s not easy. Even though some tech stocks have delivered massive gains, there’s a strong survivorship bias — for every success, many others fade into irrelevance. Look at Alphabet. Despite growing revenue, its stock is down 3

Latest skepticism around US/Iran peace talks and de-escalation weighing on stocks, pushing oil higher again and earlier pushed index back above 20. Weakness comes amid more headline noise around the war (Iranian leadership uncertainty, latest Trump threats around Strait of Hormuz, reports of Iran deploying more mines in strati, Iran's attacks on regional shipping). Market continues to mostly ignore headline chop, continues to focus on ultimate progress toward ceasefire. Some other areas of focus include more evidence of resilient macro backdrop (flash PMI beats), more challenging setup after latest rally back  potential pension month-end selling (record $25B, according to GS), mixed takeaways around latest batch of earnings, optimism into Big Tech results next week (capex remains big

$Wheaton Precious Metals(WPM)$ good buy with  Dividend of ........on the way

Latest updates reversed earlier optimism around another round of talks between US and Iran (and investors wanting to be done with geopolitics).  Big tech mostly lower, though semis, software fared better. Laggards included A&D (NOC-US, GE-US, RTX-US), cruise lines, airlines, payments, exchanges, apparel retail, pharma, and China tech. Outperformers included energy, managed care (UNH-US), homebuilders (DHI-US), PE, networking/IT equipment, memory, and discounters/staples retailers. Stocks down, yields up, oil up after latest doubts around Iran de-escalation with report VP Vance called off trip to Pakistan for second round of talks with Tehran.Tech in the headlines with AAPL-US CEO transition and the enhanced partnership between AMZN-US amazon stock and Anthropic ($25B investment in