Ho Ming Jung

當我剛開始投資時，我很快意識到，能夠進入市場只是投資旅程的一部分。我真正想要的是一個可以向他人學習、交流觀點，並透過了解不同投資者的想法來建立信心的平台。 這也是我選擇 eToro 的原因之一。 eToro 不僅讓用戶能夠投資數千種全球資產，更與眾不同的是它所提供的社交投資體驗。平台擁有超過 4,000 萬用戶的社群，你可以在這裡關注市場討論、向其他投資者學習，並與同樣在投資路上探索的人互動交流。 相比獨自投資，eToro 讓你更容易發現投資想法、關注有經驗的投資者，並及時了解全球市場動態。 如果你感興趣，可以透過以下連結註冊 eToro 帳戶。在限定時間內，符合資格的用戶還有機會獲得最高價值 500 美元的免費股票，具體須受相關推廣條款及細則約束。 連結🔗：etoro.com/zh-tw/accounts…

Hi friends, $QQQ ytd:+18.02% $VOO ytd:+10.8% @choose3395 ytd:+23.8%、5y：+666.71% US Stocks Rose Broadly on Thursday as AI Themes Override Geopolitical Risks US stocks closed higher across the board on Thursday (July 9). Investors shifted their focus back to artificial intelligence (AI), successfully offsetting the uncertainty caused by rising tensions between the US and Iran. The three major indices posted strong gains: • The Dow Jones Industrial Average rose 139.02 points (0.27%) to 52,487.41. • The S&P 500 climbed 60.93 points (0.81%) to 7,543.64. • The Nasdaq Composite surged 336.24 points (1.30%) to 26,206.89, led by technology stocks. Although international oil prices briefly spiked due to the Middle East situation, they gave back some gains on Thursday, indicating that the market is gradually digesting the conflict’s impact. The US military conducted airstrikes on approximately 90 targets in Iran, while Iran retaliated against US ally bases in the Middle East. However, President Trump disclosed that Iran had proactively reached out by phone to seek an agreement. Mediators from Qatar and Pakistan are also working to bring both sides back to the negotiating table, helping to ease market panic. On the economic front, US initial jobless claims last week remained roughly flat compared with the prior week. The labor market’s resilience remains intact, providing the Federal Reserve with a stable foundation for assessing future interest rate paths. Corporate News $MU shares rose more than 4% to close at $991.64. The company announced a maximum investment plan of $3 billion aimed at strengthening the US domestic semiconductor supply chain ecosystem. SK Hynix’s US depositary receipts $SKHYV.24-7 completed pricing on Thursday, with market demand reaching 7 times the offered amount. This underscores investors’ strong confidence in the long-term demand for AI memory chips. The company is scheduled to officially list on Nasdaq on Friday.

Hi friends, $QQQ ytd:+15.76% $VOO ytd:+10.23% @choose3395 ytd:+24.51%、5y：+670.71% U.S. stocks closed lower on Tuesday (July 7), with the Nasdaq index falling more than 1%. The main reason was broad weakness across chip stocks, as investor concerns grew over whether the AI boom can continue to support the market rally. Asian and U.S. chip stocks fell sharply in tandem. Although South Korea’s Samsung Electronics reported record-breaking earnings, the results still failed to meet the market’s excessively high expectations. Chip stocks continued to face heavy selling, reflecting growing investor worries about overvaluation after sharp volatility in AI-themed and memory stocks. The next key focus will be on Friday, when South Korea’s SK Hynix is scheduled to list on Nasdaq via ADR. The market will use this event to gauge investor demand for chip stocks. Of the S&P 500’s 11 major sectors, eight closed in the red. The industrials sector plunged 3.41%, and the materials sector fell 2.45%. Iran’s attack on a Qatari liquefied natural gas tanker near the Strait of Hormuz pushed oil prices higher, with Brent crude rising 3% to $74.16 per barrel, further weighing on market sentiment. Investors are also watching the latest Federal Reserve meeting minutes, due to be released on Wednesday. These will be the first minutes released since new Fed Chair Kevin Warsh took office. Corporate Highlights • $SPCX has officially been added to the Nasdaq-100 Index, just 15 days after its listing — the fastest inclusion in history. The stock fell nearly 7% on its first trading day, but is expected to attract billions of dollars in passive inflows. • $META launched its new AI image generation model, Muse Image, making it freely available to general users. The model has been integrated into advertising and subscription services as the company aggressively expands its AI revenue streams. • $MU fell 4.7%, while SK Hynix ADR plunged 7.3%, dragging the semiconductor $SOXX down 4.65%.
Additionally, Chinese AI startup DeepSeek is developing its own AI chips in an effort to reduce reliance on $NVDA and Huawei, heightening market concerns over intensifying chip competition.

Hi friends, $QQQ ytd:+15.28% $VOO ytd:+7.53% @choose3395 ytd:+18.69%、5y：+625.71% US stocks fluctuated lower on Friday as the market continued to digest several negative factors: cooling enthusiasm for AI themes, rising expectations of Federal Reserve rate hikes, and rumors that OpenAI’s IPO could be delayed until 2027. Tech stocks and semiconductor names were broadly under pressure, while capital clearly rotated into defensive sectors and SaaS stocks. Notably, $MSFT and $CRM both rose nearly 6%. Market sentiment was significantly impacted by the news that OpenAI is considering pushing its IPO back to 2027. Traders have begun to reassess the reasonableness of AI valuations and the sector’s long-term growth prospects. Additionally, President Trump warned on Friday that if any country imposes a digital services tax on US companies, the US will respond by levying 100% tariffs on all goods imported from that country. This strong stance further boosted the SaaS group. During trading hours, Trump issued a tough statement on Iran, accusing the country of openly violating the ceasefire agreement and warning that it would soon pay the price. After the market close, US Central Command confirmed that American warplanes had struck Iranian missile and drone storage facilities as well as coastal radar stations. With rising international tensions exacerbating market volatility, high-valuation stocks have been hit the hardest. Names like $MU and $SNDK saw notable corrections, and MAG7 valuations have continued to adjust. Therefore, I will continue to avoid high-valuation stocks and maintain my current portfolio allocation (Japan’s Big Five Trading Companies + SaaS names), while waiting for valuations to gradually normalize. Thank you all for your continued support and trust — I’ll keep working hard!​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ ———————————————————— $8001.T 、 $8002.T 、 $8031.T 、 $8053.T 、 $8058.T

Hi friends, $QQQ ytd:+20.7% $VOO ytd:+10.07% @choose3395 ytd:+22.37%、5y：+648.24% This year, market funds have primarily flowed into semiconductor-related stocks, such as $TSM, $MU, $SNDK, etc., while the SaaS sector — including names like $MSFT, $META, and $CRM — has performed relatively weakly. Only a few stocks like $GOOG have maintained strong upward momentum. However, I firmly believe that AI will ultimately drive a substantial increase in the long-term value of software companies. Amid this correction in software stocks, the valuations of many high-quality growth companies have pulled back to attractive levels. Therefore, my portfolio will continue to maintain a steady allocation across three major themes: inflation hedging, energy, and AI software. Although recent performance has been disappointing, I will keep working hard. I also want to sincerely thank my friends for their continued trust and support.

Hi friends, $QQQ ytd:+21.26% $VOO ytd:+10.99% @choose3395 ytd:+26.92%、5y：+675.24% Last Friday’s US-Iran talks went as expected. I anticipate the framework agreement will proceed smoothly and will be formally signed this Friday (6/19). Therefore, I liquidated my positions in $CVX.US and $XOM ahead of time. These two companies have a high proportion of upstream operations and are highly sensitive to oil price fluctuations. If the talks succeed in reopening the Strait of Hormuz and increasing supply, oil prices will face significant downward pressure. After selling, I reallocated the funds into $NVDA , $CRM , $META , and $MSFT . $NVDA focuses on AI hardware infrastructure, while the other three are primarily centered on software, SaaS, and cloud platforms. Following the recent market correction, the valuations of these stocks have become more attractive. I remain optimistic about the long-term prospects of the artificial intelligence (AI) sector, particularly the SaaS group. AI will ultimately bring greater convenience to humanity. Although it cannot fully replace human jobs in the short term, with the help of AI tools, the overall efficiency of the software industry is expected to improve substantially. Thank you to all my friends for your continued support and trust. I will keep working hard!

Hi friends, $QQQ ytd:+15.37% $VOO ytd:+8.4% @choose3395 ytd:+26.07%、5y：+670.24% After being highlighted by institutions, the optical communication sector experienced a noticeable pullback yesterday. $COHR plunged nearly 11%, while $LITE and $MRVL also dropped close to 8%, signaling that profit-taking selling pressure has emerged. At the same time, the US-Iran situation continues to escalate, fueling risk-averse sentiment. $GOLD , $OIL , and major indices broadly weakened, with the overall market turning more conservative. Although the current pullback is not particularly deep, some investors are considering staying on the sidelines. However, precisely timing a rebound is extremely difficult, and fully liquidating positions may not be the optimal strategy. I am maintaining a defensive allocation, concentrating positions in energy and broad inflation-related names ( $CVX.US , $XOM , $8001.T 、 $8002.T 、 $8031.T 、 $8053.T 、 $8058.T ） Even as short-term geopolitical risks rise, the market still holds relatively high expectations that the Strait of Hormuz will remain open in the long term. I anticipate that energy stocks will subsequently see a valuation recovery rally. Thank you all for your continued support and trust. I will keep tracking market developments for everyone.

Hi friends, $QQQ ytd:+14.92% $VOO ytd:+8.45% @choose3395 ytd:+28.73%、5y：+680.24% After the release of the U.S. May non-farm payrolls report, Treasury yields surged sharply. The market quickly repriced the Federal Reserve’s interest rate path for this year, causing the four major U.S. stock indices to fall in unison on Friday (June 5). Technology stocks were hit the hardest. The $SOXX plunged 10.26%, while the $QQQ dropped 4.8%, marking its largest single-day decline since April 10, 2025. The main selling pressure stemmed from unexpectedly strong May non-farm payrolls data, which showed an addition of 172,000 jobs — far exceeding the market’s expectation of 80,000. This not only heightened investor concerns about renewed inflationary pressures but also significantly reduced expectations for Fed rate cuts this year. The probability of a rate hike by December rose noticeably (according to the CME FedWatch Tool). As a result, U.S. Treasuries faced heavy selling, driving yields higher across the curve. The 10-year Treasury yield broke above 4.5%, the 30-year yield climbed above 5%, and the 2-year yield closed at 4.160%, its highest level since February 2025. In addition, ongoing tensions in the Middle East further undermined market confidence. Investors are worried that the Iran conflict remains unresolved and that the outlook for restoring normal shipping through the Strait of Hormuz is still unclear. This could push oil prices higher and exacerbate inflationary pressures. Notably, Friday’s selling pressure was no longer limited to mega-cap tech stocks. The RSP, which reflects broader market performance, also fell 1.5%, indicating that the decline is spreading to a wider range of sectors and individual stocks. Key Individual Stock Performances: • $AVGO ： After falling more than 12% on Thursday, it dropped nearly another 8% on Friday, further weighing on the semiconductor sector. • $MRVL ： Plunged over 16% on Friday. • $MU ： This stock, which had recently surged on strong AI memory demand, fell another 13% today, bringing its two-day cumulative decline to more than 20%. • $META ： Despite potential plans to issue new shares to raise tens of billions of dollars to fund its massive AI development needs, the stock still dropped 5.51%, closing at $593.00. • $LULU ： Shares tumbled 8.56% to close at $114.23 after lowering its full-year profit forecast and posting a disappointing Q2 outlook. Overall, the combination of robust non-farm payrolls data and escalating geopolitical risks in the Middle East has dampened market expectations for Fed rate cuts, leading to a broad pullback in risk assets. Investors should continue to monitor upcoming inflation data and comments from Fed officials to assess the latest developments in the interest rate outlook. My current holdings remain concentrated in the energy sector and broad inflation-related themes ( $CVX.US 、 $XOM and the five major Japanese trading houses). I am maintaining a relatively conservative strategy overall. In an environment of high uncertainty, a conservative approach is proving even more valuable. As market expectations for a higher interest rate environment continue to rise, we may be entering a period of “high rates + high inflation,” which will put significant pressure on the real economy and increase the risk of slowing growth or even a recession. Thank you to all my friends for your continued support and trust. Wishing everyone a pleasant weekend! ☺️

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Hi friends, $QQQ ytd:+21.62% $VOO ytd:+11.69% @choose3395 ytd:+28.42%、5y：+685.24% Recently, AI supply chain stocks mentioned by $NVDA CEO Jensen Huang have shown strong performance. In the optical communication sector, $MRVL , $LITE , and $COHR have all delivered impressive gains, while Taiwan-related supply chain stocks have also performed exceptionally well. The pace of AI technology iteration has far exceeded expectations. Jensen specifically highlighted that “the number of Tokens generated per watt of power” will become a critical factor affecting gross and net margins, and NVIDIA is expected to maintain its leading position. Within the AI Five-Layer Cake framework, the layer I value most is the second one: Power and Infrastructure. If AI demand grows exponentially as the market anticipates, global energy consumption will rise dramatically. Combined with the ongoing geopolitical conflicts in the Middle East, I expect this to strongly benefit my energy-related holdings, including $XOM , $CVX.US , and the Japanese stocks $8031.T , $8001.T 、 $8002.T 、 $8053.T and $8058.T . Additionally, my main rationale for positioning in Japan’s five major trading houses (sogo shosha) is that their core businesses span energy, metal resources, and essential daily goods. Food, clothing, housing, and transportation are fundamental needs that are difficult to replace for the Japanese people. In an environment of rising energy and commodity prices, the trading companies’ core operations are poised to benefit directly, and sustained inflation may actually serve as a tailwind for their profitability. With the yen currently at a low level and diverging monetary policies between the US and Japan (Japan hiking rates while the US may cut), the yen has potential upside momentum for appreciation. I am currently adopting a neutral-to-bullish strategy, primarily betting on energy and the real economy. If the market corrects due to surging inflation, my roughly 65% allocation to yen-denominated Japanese stocks can provide a natural hedge through potential yen appreciation. Conversely, if the market continues to rally, I can directly capture the upside from rising energy prices. Thank you to all my friends for your continued support and trust. I will keep closely tracking market developments and sharing my observations!

Hi friends, $QQQ ytd:+20.34% $VOO ytd:+11.25% @choose3395 ytd:+29.85%、5y：+757.57% The situation in the Middle East remains highly volatile, and the impact of the Strait of Hormuz blockade has not yet been fully resolved. Senior executives from $XOM and $CVX.US recently stated in tandem that global crude oil inventories have fallen to extremely low levels, with mobilizable supply buffers also shrinking rapidly. The upcoming summer travel peak season is expected to further drive oil prices higher. As a result, my portfolio continues to increase its allocation to the energy and utilities sectors. In an inflationary environment, the purchasing power of fiat currency is gradually eroding, while energy remains a tangible real asset that cannot be created from nothing. I am also continuing to expand my positions in Japan’s five major trading houses ( $8001.T $8002.T $8031.T $8053.T $8058.T to capture opportunities in the commodity cycle. Thank you to my friends for your continued trust. I will keep managing the portfolio with prudence.

You can receive a free stock by registering through my link: etoro.com/zh-tw/accounts…

Hi friends, $QQQ ytd:+19.03% $VOO ytd:+10.37% @choose3395 ytd:+30.88%、5y：+764.3% Recently, the stock market has continued to reach new highs, driven by AI themes, with $MU and $SNDK as the primary leading stocks. Memory supply remains tight. Today, there are reports that $MSFT , $GOOG , and $META are willing to co-invest in building new production lines to secure supply, but were rejected by SK Hynix, which instead demanded the signing of five-year long-term contracts. At the same time, the U.S. 10-year Treasury yield has clearly pulled back after hitting a high on 5/19. Driven by news of U.S.-Iran peace talks, crude oil futures have continued to correct in the short term. However, due to sharp fluctuations in crude prices, some refineries have faced constraints in raising their operating rates, and refined product prices are still expected to remain elevated. Looking back at the 1970s oil supply disruption crisis, which triggered a surge in global inflation and was only brought under control after the Federal Reserve hiked rates to 20%. The potential impact of a supply interruption in the Strait of Hormuz this time is expected to be far greater in scale than then. Therefore, I have recently been gradually shifting my portfolio toward the real economy, including Japan’s Big Five trading houses (such as $8001.T 、 $8002.T 、 $8031.T 、 $8053.T 、 $8058.T ) and energy stock positions ( $CVX.US 、 $XOM ), to hedge against potential future inflationary pressures. Although technology stocks have delivered strong performance, valuations are already elevated and trading enthusiasm is heating up. I continue to maintain a conservative strategy and am approaching new positions with caution.

利益揭露：若您達到領取獎勵資格，每一位加入的朋友我可以獲取佣金，目前已有10位達成，感謝朋友們支持。

當我剛開始投資時，我很快意識到，能夠進入市場只是投資旅程的一部分。我真正想要的是一個可以向他人學習、交流觀點，並透過了解不同投資者的想法來建立信心的平台。 這也是我選擇 eToro 的原因之一。 eToro 不僅讓用戶能夠投資數千種全球資產，更與眾不同的是它所提供的社交投資體驗。平台擁有超過 4,000 萬用戶的社群，你可以在這裡關注市場討論、向其他投資者學習，並與同樣在投資路上探索的人互動交流。 相比獨自投資，eToro 讓你更容易發現投資想法、關注有經驗的投資者，並及時了解全球市場動態。 如果你感興趣，可以透過以下連結註冊 eToro 帳戶。在限定時間內，符合資格的用戶還有機會獲得最高價值 500 美元的免費股票，具體須受相關推廣條款及細則約束。 連結🔗：etoro.com/zh-tw/accounts…

You can receive a free stock by registering through my link: etoro.com/zh-tw/accounts…

Hi friends, $QQQ ytd:+16.24% $VOO ytd:+9.02% @choose3395 ytd:+32.19%、5y：+773.3% Portfolio Hits New Highs！🚀 I recently made some adjustments to my investment portfolio. The US-Iran situation has eased notably compared to before, so I reduced my energy stock allocation ( $CVX.US , $XOM ) to 30% to lower short-term volatility risk that could arise from potential progress in peace talks. However, from a fundamental perspective, crude oil supply remains tight, and supply chain recovery will still take considerable time. I will continue holding my energy positions and plan to add on dips when corrections occur. I have also recently increased my exposure to Chinese stocks. Both $0700.HK and $9988.HK are clearly undervalued AI technology names. In the large language model competition landscape, these high-quality Chinese stocks appear relatively attractive and inexpensive compared to US tech stocks that are already trading at elevated valuations. Additionally, with electricity demand continuing to rise, I have built positions in infrastructure-related stocks such as $NEE , $ETN , and $VRT . On the consumer side, I have initiated positions in $NKE and $LULU . Although the consumer economy has faced downward revisions in recent years, it is expected to see a turnaround in the upcoming rate-cutting cycle. Pairing these with energy holdings also provides an effective hedge against inflation pressures driven by oil. Finally, I have allocated a portion to Japan, investing in Japanese general trading companies: $8002.T , $8058.T , and $8031.T . These sogo shosha are deeply embedded in every aspect of Japanese daily life — food, clothing, housing, and transportation. With record-high tourism inflows to Japan continuing, their future performance looks promising. In the current environment of sharp market swings and significantly elevated volatility, I will increase the frequency of portfolio adjustments and maintain a moderate cash position. This allows me to deploy capital into high-quality tech stocks during pullbacks while also reducing overall portfolio volatility. Thank you to all my friends for your continued trust and support. I will keep working hard to deliver more valuable insights!

You can receive a free stock by registering through my link: etoro.com/zh-tw/accounts…

Hi friends, $QQQ ytd:+16.1% $VOO ytd:+8.7% @choose3395 ytd:+25.81%、5y：+730.36% The international situation remains highly tense. Yesterday, reports emerged that the UAE had cooperated with the United States in launching limited strikes on Iranian facilities in April. Today, Iran issued a strong warning, stating that if it faces further attacks, it will raise its enriched uranium concentration to 90%. This news triggered a strong rebound in oil prices, which successfully reclaimed both the monthly and quarterly moving averages in one go. Major investment banks and oil companies have broadly warned that if the Strait of Hormuz remains blocked, it will exert heavy pressure on global inflation, and a full recovery of supply chains to normal levels would not occur until 2027 at the earliest. Although technology stocks have performed strongly recently, I continue to maintain a conservative trading strategy amid the ongoing Middle East conflict and tightening crude oil supply. This geopolitical event will have profound long-term impacts on the global economy. Thank you to all my friends for your trust and support. I will continue to provide prudent and valuable market insights.

You can receive a free stock by registering through my link: etoro.com/zh-tw/accounts…

Hi friends, $QQQ ytd:+11.1% $VOO ytd:+6.42% @choose3395 ytd:+29.05%、5y：+752.36% These past few days, the oil market has been full of drama: Iran claimed it struck a U.S. warship, driving WTI higher; after the U.S. denied the claim, oil prices pulled back; Trump suddenly halted the Hormuz escort operation; and the latest media reports suggest the U.S. and Iran are about to reach an agreement, causing WTI crude to plunge nearly 7% at one point. Although the news flow has been extremely volatile, from a fundamentals perspective, the damaged infrastructure, shipping schedules, and crude refining processes will all take weeks to months to restore. The strategic reserves released by various countries will eventually need to be replenished. These factors will continue to support oil prices, making a sharp decline unlikely. As a result, several major investment banks have raised their 2026 Brent crude oil price forecasts, with most expecting prices to stay at elevated levels ($80–100 range). In addition, despite the short-term conflict impacting their latest earnings, $OXY $CVX.US and $XOM have still shown strong resilience. In this year’s relatively robust oil price environment, their operational and profitability foundations remain solid. I continue to hold an optimistic view on the long-term performance of these three companies. Thank you to all my friends for your trust and support. I will keep tracking the fundamental developments and provide everyone with practical, grounded insights!