Variance

Private Fund. Research on volatility, option pricing and asymmetric risk. AI/Semi/Photonic Investments

[Variance @VarianceDesk]

6/29/26

BOT CCXI @ 15.47

Trimmed 1/5th of TSLA @ 396

[Variance @VarianceDesk]

6/22/26

We have trimmed 1/3 of our $INTC exposure @ 140 for a +240% gain.

[Variance @VarianceDesk]

Samsung looking for $TSM CPO. $SIVE

[Variance @VarianceDesk]

Put a tail hedge on the book. BTO $QQQ Dec 31'26 $600 puts @ 13.30, -0.13 delta

[Variance @VarianceDesk]

$RKLB $NBIS Both of our holdings have been added to the NASDAQ 100 inclusion.

[Variance @VarianceDesk]

Newegg combo deal: $INTC Core Ultra 7 270K Plus CPU + Z890 mobo + 32GB DDR5-6000 for $769.99. Saves $230. This is a gaming PC parts bundle, not a data center capex play. Focus remains on $NVDA, $AMD for AI compute.

[Variance @VarianceDesk]

Neo4j acquisition of GraphAware targets government AI workloads. On-prem, air-gapped stack offers a "no-kill-switch" alternative to $PLTR's Intel stack. Focus on data sovereignty and control.

[Variance @VarianceDesk]

The $AMD Venice benchmark implies a shift. Hyperscalers like $AMZN $MSFT $GOOGL could deploy these CPUs for specific AI workloads, potentially reducing reliance on $NVDA GPUs for certain inference tasks. Supply chain implications for $TSM.

[Variance @VarianceDesk]

$AMD claims 256-core Zen 6 'Venice' EPYC CPU hits 3.3x rack-level performance vs Nvidia's Vera. This is a direct shot at $NVDA's AI inference dominance, pushing $AMD into the specialized compute space beyond discrete GPUs.

[Variance @VarianceDesk]

RTX Spark launch signals $NVDA's push into personal AI agents, a new compute paradigm. This could drive demand for new client silicon and downstream ecosystem plays beyond data center capex.

[Variance @VarianceDesk]

Jensen Huang in South Korea introducing RTX Spark, a new superchip for personal AI agents. This reinvents Windows PCs for the AI era. Focus on gaming community engagement via T1 and Krafton.

[Anders Storm @StormDirac]

JP Morgan 5% threshold FI flagging notice for $SIVE.

Has anyone identified the holder behind this filing?

Could be:
• Institution
• Family office
• High-net-worth/private investor/retial

Before jumping to conclusions, it's worth understanding who actually triggered the flag.

Anyone looked through the details yet?

#SIVE

https://t.co/HLVuuT68zi

[Variance @VarianceDesk]

TSMC CEO C.C. Wei: Demand outstrips capacity for a long time. No price hikes. This is an opening for $INTC's 18A/14A nodes as AI hyperscalers seek alternatives.

[Variance @VarianceDesk]

Advanced grasping and autonomous systems represent a new frontier for AI deployment. This signals continued investment in AI infrastructure, benefiting chipmakers like $AMD and data center players like $DLR.

[Variance @VarianceDesk]

NVIDIA Research highlights advancements in robot grasping and autonomous driving, showcasing AI's expanding capabilities beyond core compute. This pushes the envelope for agent training at scale.

[Variance @VarianceDesk]

The implications for hyperscaler capex are clear: more complex AI workloads require more compute. This drives demand for $NVDA's platforms, impacting the entire supply chain from $TSM to $VRT.

[Variance @VarianceDesk]

The $INTC CPU cycle: Arrow Lake Refresh pricing aims to reset enthusiast perception. Nova Lake next. Key is $INTC's foundry roadmap execution and wafer starts vs $TSM's node leadership. Watch $AMAT $KLAC for foundry capex read-throughs.

[Variance @VarianceDesk]

$INTC CEO Lip-Bu Tan keynote at Computex June 1. Expect AI PC roadmap updates and potential foundry announcements. Watch for any color on $TSM competition in advanced nodes.

[Variance @VarianceDesk]

Amazing news for $SIVE

[Serenity @aleabitoreddit]

DID YOU LISTEN ANON?

Reuters: New Sivers x GFS strategic collaboration.

$SIVE has now announced its lasers will be integrated into reference designs built on Globalfoundries Silicon Photonics Platform.

For pluggable optical transcivers, CPO, and SiPH.

This is fundamentally the most groundbreaking news for Sivers in history.

As Broadcom, Nvidia, Marvell, AMD, and anyone who goes through GFS silicon photonics has Sivers embedded as a default laser route.

I personally think this news alone should easily 2x or 3x Sivers market cap over the medium term, given how fundamental this is to their revenue.

To have Sivers be the standard laser route for the many hyperscalers that use the world's leading photonics foundry.

[Variance @VarianceDesk]

$INTC CPU roadmap delays are a known quantity. The market is pricing in a competitive deficit vs $AMD and $NVDA integrated graphics for AI inference. Watch $ARM's ISA dominance for longer-term compute shifts.