Elkeson航

SKHY (xyz:SKHY) is available to trade, 24/7, 365. SKHY tracks the value of 1 SK Hynix American Depositary Share — the Nasdaq-listed security representing one-tenth of a SK Hynix common share held on deposit with a depositary bank. It launches as a pre-IPO contract and converts to a standard XYZ perpetual after the ADS begins trading on Nasdaq. TradeXYZ’s existing SKHYNIX market (xyz:SKHX) is unchanged. It tracks 1 common share of SK Hynix Inc. (KRX: 000660) and continues to operate normally against the company’s primary listing in Seoul. The two markets are related but distinct: 10 ADSs represent 1 common share, and the ADS may trade at a premium or discount to the Seoul line. As always, participants are advised to understand a market’s underlying before trading.

June 26th, 2026. $CAP is officially going live. This marks the next chapter for Cap and our community. Full details + tokenomics below ↓

【关于美股】 如果你在过去两个月关注我，你会发现我没有推大家耳熟能详的存储、光 而是从二月份开始竭力喊石油 $OXY 四月份喊 $INTC $NOK ，接着是 $BB 都有接近翻倍效应。（以及内部群喊的 $DELL ）中文圈我可以说是在启动时喊的最猛的。 我的风格是： 不走共识、走窄门，捕获分歧利润。

$XFAB (photonics + power semis) is an interesting long idea at $1.28B MC, that I took positions in. Given EU CHIPS act 2 is today as the catalyst for European photonics players. > 800 VDC power semi exposure to $NVDA push through $NVTS + $POWI > Silicon Photonics / CPO exposure with $NVDA as evaluation stage for high volume manufacturing (optical transceivers/switches) > The only high-volume SiC foundry in the US. > One of the critical MEMS foundries > ~1.29 P/B, which was around what $SOI was sitting at when I went long. Depressed valuations due to legacy drag > ~6.5-8.5 fwd p/e 2028 personal est. > backstopped by Government: - EU CHIPS act, $128M Euros - US CHIPS act $50M PMT (department of commerce). With likely more coming (just signals critical importance to Western supply chains). So at a certain point with all the grants, they’re just getting the capex funded by the Governments. EU CHIPS act 2 is coming out this week, and I’m gonna go ahead and guess $XFAB might get included given they were before, and this package is specifically targeting photonics. ~$1.3B MC seems compelling to me if it can pull a Soitec reversal (low p/b, very high growth segments, auto legacy drag). As for the $NVDA silicon photonics relationships it’s under “photonixFAB”. Markets probably missed this silicon photonics relationship (like $TSEM when I went long) with Nvidia since XFab leads this… Just under a different name. For power semis, XFAB is named for SiC + $NVTS. In PCN-22181, $POWI explicitly names XFAB as its foundry.  Given its exposure to power semis and photonics as growth, low P/B, gov backstop (of course dyor, just sharing my personal thoughts) Thought it personally seemed compelling.

AI数据中心的巨大需求，推动了电网的改革，也推动了SiC 和 GaN的新结构性机会。 📌传统电网： 发电、输电、配电主体都是交流（AC），用变压器分级降压、再在终端做 AC-DC。 📌HVDC： 在中长距离或高功率段改用高压直流（DC）来传输/配电，用“整流 + 逆变/降压”的电子装置取代部分大铁心变压器，减少损耗和铜耗。 从传统电网向HVDC转变的主要原因还是，传统供电结构效率太低——每一级都有 AC-AC、AC-DC 转换，叠加多次损耗，铜缆多、布线复杂。 以目前主流讨论较多的是 ±400V / 800V HVDC 架构： 1️⃣外部 AC → 在前端集中整流成 HVDC（例如 ±400V DC，总差 800V），通过 HVDC PDU/电源柜分配到机房/机柜。 2️⃣机柜侧：直接接受 ±400V 或 800V DC，再通过少数几级 DC-DC 转换成 48V/12V 等板级电压供服务器使用。 3️⃣对于更激进的方案（配合 SST），从中压 AC 直接变成 800V DC，进一步减少中间 AC 层。 新型结构也带动了设备重点的转型： 整流/逆变器、DC-DC 转换器、电子断路器等功率电子设备成为核心。 而这些设备有个共同点——大量用到 SiC/GaN 。 全栈功率半导体平台在这个背景下也变得更重要： 英飞凌（Infineon）、意法半导体（STMicroelectronics）、 安森美 $ON与罗姆半导体（ROHM Semiconductor 6963）等都切入车用/AI用赛道。

$TON This line will decide if this is will be added to the list of the few “good” coins or not.

🩸 WARNING: BILL GATES JUST SOLD 100% OF HIS $MSFT POSITION. The Gates Foundation Trust liquidated its final 7.7 million Microsoft shares. Roughly 3.2 billion dollars. Gone in hours. After decades of holding the company he co-founded. The man who built Microsoft from a garage just walked away from every last share. Does he know something we don't?