Athena

We decoded it. The coordinates (25.0528, 121.5990) are Taipei. Computex keynote is Sunday. "A new era of PC" = the N1/N1X. NVIDIA's first ARM-based laptop chip, built with MediaTek. Competing with Apple Silicon and Qualcomm. We wrote about this two days ago - the "surprise product" Jensen teased. Bullish for $NVDA (new $300B TAM), $ARM (CPU license), $TSM (3nm fab).

100% agree on MediaTek - they go from phone chips to NVIDIA's PC partner overnight. Massive TAM expansion. The memory/wafer point is underrated. Dell's Jeff Clarke just said memory is the #1 supply constraint on AI servers. Now add a new NVIDIA PC chip competing for the same TSMC wafers and memory supply. Memory is the bottleneck everywhere.

MediaTek is the biggest beneficiary of $NVDA's upcoming laptop chips, btw. It's a much bigger opportunity than GB10 SoCs with DGX Spark, and at the same time, I believe this also plays a foundational role in memory/wafer supply as well. I expect N1X laptop variants to be priced around $1,800 up to $2,500, while the N1 laptops will be somewhere around $1,200 to $1,500.

@grok @TheLabTrader We decoded this 2 hours before @grok did. Sometimes human pattern recognition still beats AI. (We do use AI for the data though - 1,700 stocks ranked daily. Just not for reading coordinates on a map. 🤣🤣)

It implies NVIDIA (teaming with MediaTek) is about to unveil its first Arm-based laptop SoC — the N1/N1X — at Jensen’s Computex/GTC keynote in Taipei next week. This brings RTX-level integrated graphics + strong NPU to Windows on Arm laptops, expanding NVIDIA’s TAM deep into the client PC market while accelerating efficient, AI-native PCs. Bullish for NVDA (new revenue), ARM (licensing), and TSMC. Competition heats up for Qualcomm, Intel, and AMD. Big reveal incoming. 🚀

We decoded it. The coordinates (25.0528, 121.5990) are Taipei. Computex keynote is Sunday. "A new era of PC" = the N1/N1X. NVIDIA's first ARM-based laptop chip, built with MediaTek. Competing with Apple Silicon and Qualcomm. We wrote about this two days ago - the "surprise product" Jensen teased. Bullish for $NVDA (new $300B TAM), $ARM (CPU license), $TSM (3nm fab).

$MTEK goes from "the phone chip company" to NVIDIA's PC partner. That's a massive TAM expansion. They're supplying the CPU core design for the N1X. Think of it like what Foxconn is to Apple, but at the silicon level. MediaTek trades in Taiwan (TPE: 2454) - not a US-listed stock. But the indirect play is $ARM. Every MediaTek chip pays ARM a royalty.

@Athena_Slays How would it impact MediaTek Inc?

Exactly. $QCOM had the Windows ARM market to themselves for 18 months. That exclusivity is over. The question is margins. Snapdragon X Elite was a premium play - no competition = pricing power. Now $NVDA + MediaTek enter with Jensen's distribution engine behind it. $QCOM is ranked #50 out of 1,700 stocks in our momentum system. Still strong. But watch the rank over the next 2 weeks - if it starts slipping while $ARM keeps climbing, that tells you the market is pricing in exactly this.

@Athena_Slays bullish NVDA, ARM, TSM makes sense. but the more interesting trade is what this does to $QCOM. snapdragon X elite is qualcomm's only real foothold in the windows PC market. if N1X delivers, that foothold gets a lot smaller.

@ftr_investors Yep. $MSFT is the silent enabler - no Windows on ARM, no $NVDA laptop chip. Qualcomm's ARM exclusivity is over. Sunday's keynote could be the opening shot.

$NVDA NVIDIA is teasing a "new era of PCs" ahead of Computex 🚀 The announcements will likely center around NVIDIA's N1 & N1X chips, combining Arm CPUs with Blackwell GPUs for a new generation of AI-powered Windows laptops 🤖 💻

@OceanLoverBoy Good catch. $MSFT is the missing piece - NVIDIA can't sell an ARM laptop chip without Windows on ARM. They've been building toward this since the Qualcomm exclusivity expired. Now $NVDA + MediaTek enter the ring. Three-way ARM race: Apple Silicon vs Snapdragon vs N1X.

@Athena_Slays There’s some connection to Microsoft too, look at there post

This is bigger than a laptop. Googlebook is Android-native with Gemini AI built in. Seamless app continuity with Android phones. Magic Pointer for AI-driven desktop tasks. "Intelligence always on." Google is building the Android equivalent of the Apple Silicon MacBook ecosystem. Powered by ARM. So now it's Apple, Qualcomm, NVIDIA, and Google - all on ARM. All paying license fees. The x86 era is ending in real-time.

Arm is powering the next era of intelligent systems with industry-leading efficiency, performance, and mobility. In partnership with @Google the Googlebook demonstrates this - enabling next-gen intelligent experiences built for the future of personal computing. newsroom.arm.com/blog/arm-googl…

@ironted21 @nvidia Exactly. The leaks show up to 128GB LPDDR5x unified memory. Same playbook as Apple Silicon but with NVIDIA GPU horsepower. Best of both worlds.

@Athena_Slays @nvidia Interesting times. Unified memorry like Apple has could solve a lot of the ram issues tbh. Cuz you wouldn’t need some for the system AND some for the GPU. But sharing it could have less overall and be just as effective.

A new era of PC. 25.0528, 121.5990

@GuntasSinghIN @nvidia Yes - integrated GPU with ~6,144 CUDA cores. Think RTX 5070 class performance baked into an ARM SoC. No discrete GPU needed. Full specs at Computex on Sunday I guess :) .

@Athena_Slays @nvidia I'm so happy about this, this has integrated gpu?

@TheTranscript_ and here it is :) x.com/Athena_Slays/s…

$NVDA CEO Jensen Huang: "The second half of this year is going to be very, very busy with Grace Blackwell, Vera Rubin, and we have a surprise new product that we haven’t told anyone about yet."

@firstadopter x.com/Athena_Slays/s…

GEE I WONDER WHAT THIS COULD BE. READ MY SUBSTACK.

@StockMKTNewz $600 to $1,750. That's not a price target raise, that's a confession they were wrong. lol. DELL confirmed last night that DRAM is the #1 supply bottleneck. When your biggest customer tells the world they can't get enough of your product, the analysts scramble.

Susquehanna today raised its price target on Micron $MU up to $1,750 from $600 while maintaining its Positive rating

@firstadopter 9 of our top 25 in the universe are semis right now: $UMC #1, $VSH #2, $ACMR #4, $ALAB #5, $STM #19, $SMTC #20, $SIMO #22, $ARM #23, $MU #24 DELL confirmed what the momentum already showed - AI demand is supply constrained, not peaking. The melt up has receipts.

A good old-fashioned chip stock MELT UP today. Hope you read our Substack!

Breakout Scanner Alert: $CDNS (Cadence Design Systems) - Cup & Handle breakout Cup: 189 days (Jul 31 - May 1) Cup depth: 30.2% (trough at $262.75) Handle: 19 days, handle low $331.56 Breakout level: $376.44 Rank: #164 out of 1,700 stocks. Was #304 just 8 days ago, climbed 140 spots. 4 straight earnings beats. Revenue +19% YoY. Every advanced chip from NVDA, AMD, ARM needs Cadence design tools to exist. Next earnings Jul 27. We scan 1,700 stocks daily for these patterns.

@amitisinvesting Good recap. The thing nobody is highlighting from the DELL call: the bottleneck order was DRAM first, NAND second, CPUs third, hard drives fourth. That's the supply chain roadmap for the next 6 months.

A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY. Here's a full recap: 1. Dell $DELL says customer conversations around AI infrastructure are increasingly multi-year in nature, with 3-, 4-, and 5-year discussions already underway. The company said it is seeing budgets grow, spending shift toward AI, and expects to exit the year with a meaningful backlog heading into next year. The momentum is showing up in the numbers too: Dell beat revenue expectations by $8 billion, raised its FY revenue guide by $10 billion, beat EPS by 68%, and lifted its FY EPS guide by 25%. The stock was up 40% after hours. 2. Software stocks $PLTR, $ZETA, $DDOG, $SHOP, $SNOW, $NOW, $RDDT are surging on the same day Anthropic announced a massive new fundraise and released a new model. The “AI is destroying software” narrative may be starting to break as usually during a new Anthropic release, software names are punished. 3. Anthropic has raised $65 billion in a Series H round, valuing the company at $965 billion post-money. The financing was led by Altimeter, Dragoneer, Greenoaks, and Sequoia, and includes $15 billion of previously committed hyperscaler investments, including $5 billion from Amazon. Anthropic also said its run-rate revenue crossed $47 billion earlier this month. For context, the company was valued at $380 billion in February after raising $30 billion. 4. Apollo $APO and Blackstone $BX are reportedly marketing a roughly $36 billion debt financing package to help fund Google TPU chips for Anthropic, according to Bloomberg. The deal would use a special purpose vehicle to purchase the TPUs and then lease them back to Anthropic for its AI infrastructure needs. Broadcom $AVGO, which works with Google on TPU development, is also reportedly helping backstop payments tied to the largest senior portions of the financing. 5. Axios reported today that U.S. and Iranian negotiators have reached a 60-day MOU to extend the ceasefire and begin nuclear talks, though President Trump has not yet given final approval. The draft agreement would make shipping through the Strait of Hormuz “unrestricted,” require Iran to remove mines within 30 days, and gradually lift the U.S. naval blockade as commercial traffic is restored. The MOU also includes Iran committing not to pursue a nuclear weapon, with future talks expected to focus on highly enriched uranium, enrichment activity, sanctions relief, and frozen funds. 6. Cboe $CBOE has received SEC approval to offer extended-hours trading for certain stock options, with pre-market and post-market options trading set to launch on July 13. 7. The Trump administration is pursuing new funding deals with drone companies, potentially including equity stakes, in an effort to boost domestic production and bring down costs. The Pentagon’s Office of Strategic Capital, which has $210 billion in lending authority, is reportedly vetting companies including Performance Drone Works and Neros Technologies. The push aligns with the Pentagon’s $1.1 billion Drone Dominance program, which aims to produce 300,000 low-cost attack drones $RCAT $KTOS $AVAV $ONDS by the end of 2027. 8. Robinhood $HOOD was up 10% today after Trump Accounts went live, a new type of tax-advantaged investment account designed to help eligible American children build long-term financial security from an early age. Under the plan, eligible children born from 2025 through 2028 would receive an initial $1,000 contribution from the U.S. Treasury, while family, friends, and employers could collectively contribute up to $5,000 annually. 9. Retail investors took profits last week, selling $1.1 billion in equities for their largest weekly outflow of the year after three straight weeks of buying. Single stocks drove the selling, with $1.7 billion in outflows, while equity ETFs still saw $571 million in inflows. Meanwhile, institutions bought $219 million and hedge funds added $686 million, reversing from $4.6 billion in sales the prior week. Overall, investors sold $1.9 billion of single stocks and bought $1.6 billion of equity ETFs. 10. Blue origin had an explosion today at a launch site, they wrote: "We experienced an anomaly during today's hotfire test. All personnel have been accounted for. We will provide updates as we learn more." Elon Musk responded with "Sorry to see this, I hope you recover quickly," as Bloomberg also is reporting that $SPCX may be targeting a lower valuation from $2T to $1.8T. The IPO is set for June 12th. 11. U.S. preliminary Q1 GDP came in at +1.6%, below estimates of +2.0%. PCE rose 0.4% MoM versus 0.5% expected and 3.8% YoY, in line with estimates. Core PCE rose 0.2% MoM versus 0.3% expected and 3.3% YoY, in line with estimates. Initial jobless claims came in at 215K, slightly above expectations of 211K. 12. Investor home purchases fell 6% YoY in Q1 to the lowest level since 2020, according to Redfin, as higher rates, insurance, taxes, maintenance costs, and cooling rents pressured returns. The Bay Area was the exception, with purchases up 19% in San Francisco and 12% in San Jose, helped by AI-driven housing demand. WALL STREET IS THE GREATEST SHOW ON EARTH.

We flagged $NTAP as a Bull Flag breakout in our scanner 3 days ago at $139. Tonight: beat earnings, +14% after hours to $162. From the earnings call: 500 AI storage wins in Q4 alone (vs 400 for all of prior year). A single $20M deal for financial services fraud detection. All-flash arrays hit $1.2B in the quarter. Revenue +12% YoY, EPS $2.43 beat $2.27, operating margin 32% (record). Guided FY2027 to $7.45B with acceleration. Pattern breakout + earnings confirmation. This is why we scan 1,700 stocks daily.

Pentagon is in talks to take equity stakes in US drone companies. Drone dominance was named a presidential priority in the FY27 defense request. The drone stocks ripped this week. Our 1,700-stock rankings: $RKLB #27 (+10.2% this week) - the quality play, already top tier $ONDS #300 (+41.6%) - climbed 272 spots in 5 days $RCAT #547 (+58.3%) - named in WSJ report, climbed 668 spots $AVAV #438 (+30.8%) - established defense drone maker $KTOS #816 (+16.8%) - military drones Meanwhile old-guard defense barely moved: $LMT #1172, $RTX #1291, $NOC #1451. Last time the government took a strategic bet on a chipmaker ($INTC via CHIPS Act), it went from $20 to $120. Just saying. The future of defense is small drone makers, not legacy contractors. Iran and Kuwait this week proved why.

The suspects: has to be Fortune 50 (nobody else has that spend authority), broadly deployed agentic AI running autonomously, and didn't understand token-based billing. But forget the who. This is the most bullish data point for AI compute demand you'll ever see. If one company can ACCIDENTALLY spend $500M/month on AI, imagine what happens when thousands do it on purpose. $DELL just told us tonight they're supply constrained. Now you know why.

AN “UNKNOWN” COMPANY ACCIDENTALLY SPENT $500 MILLION DOLLARS IN 1 SINGLE MONTH ON ANTHROPIC’S AI TOOLS AFTER FORGETTING TO SET LIMITS FOR THEIR EMPLOYEES