New large position in $KSTR, now second biggest after $PURR / $HYPE.
Thesis is simple: name a hardware AI enabler in the US/ROW and the Chinese champion version is in this STAR50 index: Cambricon = $NVDA, Hygon = $AMD / $INTC, AMEC = $LAM, VeriSilicon = $ARM etc.
China MUST win AI as a number 2 to US: better energy situation, greater robotics deployment opportunity, many billions of Chinese and other people globally will not be allowed to use American LLMs (Russia Iran etc.), they will cheaply distill the leading edge LLMs and be “good enough” cheaper versions. And the US will never allow the leading edge hardware into China in size, so the homegrown champions need to do it.
Index is up 36% YTD and flat 5Y; $SOXX up 100%/300% same time frame.
H/T @citrini for yet again flagging an undiscovered gem early here.
https://t.co/PRp9yG2YXc
$HYPE: Hot & sexy finance infrastructure
$ZEC: Wow privacy cypherpunk chain
$NEAR: AI chain sick
$SOL: Ew memecoin scam chain
$ETH: Ew old slow NFT chain
$BTC: Ew chain get hacked by quantum
🚨 OMG. SEC. SCOTT BESSENT JUST WENT THERE 🔥
SEN WYDEN (D): We don't want ramblings about the most corrupt regime in history, we want facts
BESSENT: "And we'd like to hear what Adam Wyden and Jeffrey EPSTEIN talked about. Your son's largest investment position was Rick's Cabaret. So, did your son and Jeffrey Epstein talk about pole dancing as he begged him for money using your limited credibility?"
ASSASSIN.