THE SEMICONDUCTOR ECONOMY INSIDE THE IPHONE 17 PRO
It's really wild to see how one $AAPL iPhone 17 Pro is essentially a semiconductor economy in your pocket with 12 companies each capturing a different piece of the compute, connectivity, power, sensing and materials stack:
1. $TSM manufactures Apple's A19 Pro processor on its most advanced chipmaking technology turning Apple's chip designs into physical silicon at massive scale.
2. $AVGO supplies RF front end components and wireless charging technology (though Apple's new N1 chip displaced Broadcom as primary Wi-Fi & Bluetooth supplier this generation).
3. $GLW supplies cover glass and Ceramic Shield so essentially the material layer protecting the display and back panel.
4. $QCOM supplies Snapdragon X80 modem in the Pro models which is the last generation before Apple's C2 takes over and reason it stayed is mmWave support that Apple's own C1X lacks.
5. $STM supplies chips used around Face ID, cameras & power management helping Apple control sensors and photographic hardware.
6. $NXPI supplies connectivity controllers including NFC, secure payment hardware and USB Type C control helping iPhone communicate with accessories and contactless systems.
7. $CRUS supplies audio and power chips that help drive the speakers, microphones and other audio functions while efficiently managing power delivery.
8. $TXN supplies analog and power chips used for battery charging, camera flash control and display power so basically managing how electricity moves through parts of the phone.
9. $ADI supplies power conversion and charging chips that regulate voltage and make sure different parts of the phone receive right amount of electricity.
10. $SONY supplies CMOS image sensors, the physical light-capture hardware behind every camera on the phone.
11. $QRVO supplies RF front end modules that filter and amplify cellular signals so the phone can communicate efficiently across different frequency bands.
12. $SWKS supplies additional RF components used to strengthen and manage wireless signals between iPhone and cellular networks.
$NVDA's CEO just told you exactly where to invest.
Jensen Huang described AI as a five layer cake. Every layer is essential.
Here are 5 stocks, one from each layer 👇
How to destroy a beloved brand.
Step 1: Put a soulless, data-driven consultant who has never even seen a basketball court or a running track up close in charge.
Step 2: He goes direct! And increase profits while destroying the retail distribution system and betraying a multitude of 20-year-long partnerships.
Step 3: Motivated and innovative competitors like On Running and Hoka rush to fill the distribution gap Nike left by abandoning its trusted partners.
Step 4: Not satisfied, he fires all the stupid creative people who can't prove any of their ideas work with hard data. What could they possibly know?
Step 5: Celebrate when milking the brand for every last cent works for about 18 months, even though the data quickly show a disaster is looming.
Step 6: OMG? Wut?
Step 7: Fire the old CEO and bring in a new one who's been with the brand since day one. He tries his best, but just too much damage was done.
Step 8: Get delisted... Go down in history as the greatest example of data-driven idiots destroying one of the most successful creative brands of all time.
The end.
If you’re a bond investor, or a stock investor who’s scared of the 10 year treasury bond year raising, this video is a must watch.
Rick Santelli is a genius…truly!
🚨WARNING: THE U.S. MARKET OPEN COULD BE A BLOODBATH
Two of the biggest holders of U.S. debt just started heading for the exit at the same time. And almost nobody is connecting the dots.
Japan offloaded $71 billion in Treasuries, its largest sale in decades. China is quietly doing the same. But the real story isn't the selling, it's what they're buying instead.
Both countries are dumping dollars and stacking gold to record highs. That's the tell. When the world's largest economies swap U.S. debt for hard assets, they're voting on where they think this is headed.
And Japan's hand is being forced. It's still nursing ¥15.3 trillion in bond losses and has to keep selling Treasuries just to defend a collapsing yen. That selling isn't going to stop. It's going to accelerate.
Here's the loop that makes it dangerous:
More Treasury selling → Higher yields → More pressure everywhere → More intervention → More gold buying → Less dollar dependence. Round and round.
Now zoom in on the timing. When U.S. markets reopen from the long weekend on September 8, they have to price all of this at once, record foreign selling, climbing yields, a softening dollar, and they'll do it on thin, post-holiday September liquidity.
That's the trap. Rising yields quietly pull the floor out from under stretched valuations. And a market held up by five names has nothing to catch it if bonds start cracking.
This is how a financial order shifts. Not with one crash. Slowly, then all at once.
I've tracked these cycles for over 12 years and called nearly every major turn. This is me flagging the next one.
Follow and turn notifications on. A lot of people are going to wish they'd been watching this sooner!
A hedge fund returned 50% a year for ten years straight. In 2005 the man who ran it sat on a desk at Columbia and taught the entire method to 30 students for free. No bank, no fund, no business school has ever promoted the recording.
His name is Joel Greenblatt. He ran Gotham Capital from 1985 to 1994. Almost nobody sustains 50% annually for a single year. He did it for ten. Then in 1995 he returned all outside capital, kept running his own money, and walked into a classroom.
The first lecture is about corners of the market where the usual buyers are structurally forced to sell regardless of price. Spinoffs, restructurings, situations where an index fund must dump a stock the day it leaves the index. He does not teach a screener or a formula. He teaches why these corners exist at all, and why they keep existing after everybody knows about them.
The uncomfortable part is what he says about diversification. He held very few positions. It runs directly against everything the business school teaches two floors down. Columbia charges $80K a year in tuition. The man upstairs gave away the method for free.
Every screener is free now. Every filing is searchable. The constraint was never information. It was knowing which information to ignore.
Filmed from the back row, audio uneven, students blocking the frame. He gave away 50% a year to a room of 30 people. Almost nobody traded on it.
One classroom. One camera. The full lecture is free. It is in the video.
🚨 SPACEX DIP BUYERS ARE ABOUT TO GET WIPED OUT.
Only 4% of $SPCX shares are trading right now.
The other 96% are still locked.
After Q2 earnings, the wall starts opening.
The first unlock can release 20% of insider shares.
Then new supply can hit the market every 2 weeks.
By September, the float can be almost 10x larger than today.
Most traders are watching price.
I am watching supply.
For every 1 share trading now, almost 10 more can show up.
Not a detail. The whole setup.
Facebook already showed this in 2012.
IPO at $38. Lockups expired.
Six months later, it traded near $18.
Facebook did not die. The float changed.
Buyers ran out.
SpaceX is walking into the same trap.
A great company can still be a terrible entry.
Retail never understands this part.
They buy the story when supply is tight.
Insiders get liquidity later.
Then the chart tells the truth.
My target remains $80 to $100 before year-end.
A crowded IPO with only 4% of shares trading is about to meet a lockup wave headed straight for late buyers.
This is how post-IPO flushes happen.
I will post the next level before the lockup wave hits.
Follow and turn notifications on.
🚨LA TRAMPA DE SPACEX EMPIEZA EL 11 DE AGOSTO
Más del 95% de las acciones de SpaceX siguen bloqueadas en manos de insiders.
Eso significa que la inmensa mayoría de las acciones todavía no pueden venderse.
Pero eso está a punto de cambiar.
Mientras el mercado está obsesionado con los resultados del 4 de agosto, yo estoy mirando el inicio de los lock-ups.
El 11 de agosto comienza el primer gran desbloqueo de acciones.
Desde el IPO, $SPCX ya ha caído cerca de un 50%.
Muchos creen que lo peor ya pasó.
Yo creo que la verdadera prueba está a punto de empezar.
A partir de ese momento, el número de acciones que podrán negociarse aumentará de forma escalonada:
→ HOY: ~5%
→ 11 AGO: ~25%
→ 21 AGO: ~32%
→ 10 SEP: ~39%
→ 25 SEP: ~46%
→ 10 OCT: ~53%
→ 25 OCT: ~60%
→ 9 NOV: ~60%
→ 9 DIC: ~58–60%
→ 13 JUN 2027: ~100%
Cada desbloqueo aumenta la cantidad de acciones que podrían llegar al mercado.
Si una parte relevante de esos accionistas decide vender, la presión sobre el precio también podría aumentar.
La mayoría está mirando los earnings.
Yo estoy mirando el calendario.
Porque muchas IPO con mucho hype no hacen suelo el primer día.
Empiezan a encontrarlo cuando vencen los lock-ups y aumenta la oferta disponible.
El 11 de agosto podría ser una de las fechas más importantes para $SPCX desde su salida a bolsa.
BREAKING: The man who saw 2008 coming just placed his biggest bet against the AI boom, and the strangest name on his list is not a tech company at all. It is a bulldozer maker.
Dr. Michael J. Burry shorted Nvidia, Applied Materials, Tesla, and the whole chip index this week. But the one he led with, the one he said jumped out at him, was Caterpillar, a 100-year-old maker of construction equipment.
Why would the most famous bubble-caller alive make a heavy-machinery company his headline AI short? Because that is the whole tell.
Caterpillar hit an all-time high this year, up 86 percent, its valuation richer than at any point in three decades. And look at the twist that makes the bet so sharp .. the re-rating is not pure fantasy.
Caterpillar's order backlog is up 79 percent, because new chip factories and data centers need its generators, turbines, and earth-movers before a single server switches on. The market noticed, and repriced a machinery company as an AI stock. In Dr. Burry's words: “I have never shorted Caterpillar. It has always done great for me on the long side.”
His trigger was South Korea. Burry named it directly: hundreds of billions in new chip-fab spending announced this week, the pledge that sent Caterpillar to its record. His verdict: “I see that as the beginning of the end.”
Read and understand carefully what that means. Dr. Burry is not shorting artificial intelligence. Nope!
He is shorting the moment the mania grew so vast it priced a maker of earth-movers like a designer of chips, betting that even real, booming orders have been valued as if they last forever. When the bubble reaches the machines that dig the holes the servers sit in, that is the line he chose to stand on.
And the timing is also not quite subtle. He placed the bet at all-time highs, on the very day the chip index logged its greatest half-year run since the year 2000, the year he keeps naming.
Will Burry prove himself right this time?
Globe's Mynt has released its preliminary prospectus.
The IPO has appointed Morgan Stanley, J.P. Morgan, and UBS AG as Joint Global Coordinators and Joint Bookrunners, with Jefferies Singapore serving as International Joint Bookrunner.
The world just paid $2 trillion for a rocket company that lost $4.9 billion last year. And the rockets are not why it lost the money. They are the only part making any.
SpaceX went public Friday, the largest IPO in history. Up 19%, a $2 trillion valuation, Elon Musk the first trillionaire. Then you open the filing.
Three businesses sit inside it. Starlink, the satellites, brought in $11.4 billion, 61% of all revenue, and $4.4 billion in profit. It is the only piece that earns a dollar. The rockets that land themselves run a small loss reinvesting in Starship. And the AI arm, Grok plus the app once called Twitter, folded in this February, lost $6.4 billion in a single year on $12.7 billion of spending.
Read that again. The satellites pay for everything. The AI loses more than the satellites make. And the AI is the part the market fell in love with.
It gets bolder. The prospectus claims a total market of $28.5 trillion, the largest any company has ever put in a filing. Larger than the GDP of the United States. That is the number underwriting a $2 trillion price tag built on a division bleeding $6 billion a year.
Now the structure. About 4% of the company trades. That sliver sets the price for all of it. Musk is locked up for 366 days and holds roughly 80% of the votes. The public bought a company they cannot steer, priced on the one segment losing the most.
This is the whole year in one ticker. The profit is satellites. The story is AI. The market bought the story.
The rockets were never the risk. The risk is a $2 trillion price resting on the one bet that has yet to make a cent.
Ayala Land $ALI.PH has lost 75% of its value over the last 7 years. That's the Philippines' premier property developer losing more market value than it did from peak to trough during the Global Financial Crisis. Stock continues to falter despite the company buying back 7.5m shares on June 4. Not a good look for the company, as it failed to shore up investor confidence.
Goldman Sachs hired this 16-year-old trader and gave him $10M to manage in his first week
- then he then took his strategy to JP Morgan and Lehman Brothers, before retiring and going to space (really)
11-min workshop from a tier-1 trader with the story of his strategy
it's the most honest trader interview about the truth of Wall Street you'll ever find
The $33.4 Billion Shell Game: How Silicon Valley’s Greatest Fraud Unravels in 40 Days
Nvidia reported something devastating yesterday that nobody caught.
Days Sales Outstanding jumped to 53 days. Historical average: 46 days. That seven day difference represents $10.4 billion in revenue Nvidia collected on paper but never in cash.
Here’s what’s actually happening:
Nvidia invests in AI startups.
Those startups buy cloud services.
Cloud providers use that money to buy Nvidia chips.
Nvidia books it as revenue.
But it’s the same money going in circles.
The proof is mathematical:
• Accounts receivable: $33.4 billion (doubled since last year)
• Inventory: $19.8 billion (rising during a “shortage”)
• Cloud commitments: $26 billion (doubled in 90 days)
Total capital trapped: $79.2 billion.
Total cash generated last year: $64.8 billion.
They’ve trapped more money than they’ve ever made.
The smoking gun: Inventory rising 32% while claiming “insane demand” is impossible unless those chips aren’t actually selling. You cannot have shortage and surplus simultaneously. Basic physics.
Operating cash flow is only 75% of net income. Healthy companies generate 100% or more. That 25% gap? Fake revenue that will never become real money.
What happens next:
December 2025: Aging schedule reveals truth
February 2026: Last chance to exit
April 2026: First receivables writeoff
October 2026: Full unraveling begins
Stock price today: $140
Price after writeoffs: $70
This isn’t speculation. It’s accounting arithmetic. When receivables age beyond 60 days, writeoffs are mandatory under GAAP.
Nortel did this in 2001. Lucent in 2000. Both went to zero.
The mechanism is identical: circular vendor financing disguised as growth.
Verify yourself: Check any tech company’s DSO. Above 50 spells doom.
The countdown has begun.
Read the super deep dive article here - https://t.co/CcJirfHU0V
Focus on One Setup
When I say focus on one setup, people think I mean you should only trade one setup forever. That’s not the point.
I say it because when you study one setup deeply, you learn it inside-out how it forms, how it develops, where the entry is, and where you should book your profits. You understand the entire story of that setup.
And once you truly understand one setup, learning other setups becomes easier.
Because every setup has a rhythm, and when you master one rhythm, your mind starts catching the beat of others too.
One setup becomes the foundation for many setups.
For beginners, this is even more important.
You don’t need ten tools.
You need one tool you can trust blindly.
There’s another reason I push this so much.
When you go through a tough phase and trust me, if you survive long enough, you will your bread-and-butter setup becomes your safety net. It’s the one thing you know better than anything else.
It’s the setup that pulls you out when nothing else is working.
In trading, depth beats variety.
Master one, and the rest will follow.