TickerTango

SK HYNIX CEO: NEXT YEAR IS EXPECTED TO BE THE WORST YEAR IN THE INDUSTRY’S HISTORY FROM A SUPPLY PERSPECTIVE — RTRS SK HYNIX CEO: DESPITE AGGRESSIVE CAPACITY EXPANSION, MEMORY DEMAND WILL CONTINUE TO EXCEED THE COMPANY’S PRODUCTION CAPACITY OVER THE NEXT DECADE — RTRS

Gavin Baker says AI will make video games 90% cheaper to make "In the short term, AI is going to be amazing for the video game platforms. I think AI's impact on video games has been very misunderstood. AI world models are going to lower the cost of developing a game by 90%." "If it used to cost $300 million to make a AAA title like Call of Duty, or $200 million or $100 million or whatever the number is, it goes down 90%." "This might end up being really bad for companies that make video games, because you're going to have a lot more competition. But if you were a video game platform, and we all know what those platforms are, this is going to be really good for you, because there's going to be an explosion of content."

$NU CEO "We invest a relatively small amount of capital and resources while we protect our core. Once we see product market fit, we're ready to scale. To be precise, the maximum OpEx headwind we expect from U.S. investment in each of 2026 and 2027 is less than 100 basis points on our consolidated efficiency ratio"

New position and one that I'm particularly excited about: AT&S $ATS is an 🇦🇹 AI-infra company specializing in printed circuit boards and ABF substrates. Despite the crazy run up last year, stock is trading at 8-10x forward EV/EBITDA. - Their customers include Infineon (PCBs), Intel, AMD, and Apple. - Photonics, memory, and power shortages suck all the oxygen. But ABF substrate shortages are pretty bad. $NVDA booked up all supply at Ibiden, so tier-2 suppliers like $ATS are next in line. $ATS has spare capacity at new Malaysian plant, so benefit from both volume and pricing. - Core idea: AT&S benefits from every single tailwind - optics, CPUs, Power. For example, Infineon wants to embed power management (PMIC) inside the PCB. This is exactly what ATS does!! - Future: $ATS is well positioned for when glass substrates take over (2027 and beyond)

Trimming about 25% of my $AMD position today. It grew into ± 20% of my largest portfolio position with an average cost around $100, so I figured it was time to rebalance a bit. Rotating the proceeds into $AXON. Even after dropping ± 50% from its ATHs, $AXON still isn't a cheap stock by any traditional metric, but I think Q1 2026 was an impressive quarter: • $807M revenue, up 34% YoY (9th straight quarter above 30% growth) • AI product revenue up 700%+ YoY • Dedrone bookings up 500% YoY • A drone-as-first-responder is now launched every 30 seconds across the US • Software & Services revenue hit $355M, up 35% YoY • Net Revenue Retention at 125% What really stands out to me is how much monetization per officer has evolved: 2017 → Officer Safety Plan: $99/month per officer 2026 → OSP 10 Premium + AI Era Plan: $569/month per officer Nearly 6x more revenue per officer! Axon isn't just a software layer you can swap out. It's a vertically integrated public safety ecosystem: Hardware, cloud infrastructure and AI, all built to work as one. That integration runs deep: Procurement relationships, agency workflows and years of proprietary evidence data baked into the platform. A new entrant wouldn't just need better software, they'd need to rebuild all of that from scratch, inside one of the most compliance-heavy, trust-driven buying environments. Excited to become a shareholder today!

$USAR Looks like needs to close the gap before bounce

Took out my initial investment in $AMKR at ~150% gain and opened a full position in $OUST today. I'll keep the remaining $AMKR shares for the long term. Always feels good to take the initial investment off the table!