$INTC saw its share prices rise 7x at its peak largely off a bearish to bullish posture that came with U.S. investment and $NVDA partnership. The narrative of its return is still in tact but was always a longer term work in progress. The massive 7x run was never based on fundamentals or earnings. It was the belief/thesis that its design business had a massive tailwind from AI and that a U.S. Foundry was absolutely necessary to meet demand and protect national interests. The risk was always timeline and execution. This quarter we saw execution risk play out in real time. Longer term the right question is whether that thesis is still intact? I would say yes. But execution remains the real question mark. I still think the narrative that supported its parabolic holds true. But now investors want receipts.

Down nearly 90% from its peak 📉 HKEX: 07709, the CSOP SK hynix Daily Leveraged Product, has seen a dramatic reversal from its previous highs. Despite strong long-term demand for HBM and AI memory chips, #SKhynix# has faced renewed pressure from concerns over AI capital spending, intensifying competition, and shifting market expectations. For daily leveraged products, sharp price swings and compounding effects can magnify the impact of these market moves. A 90% decline requires a 900% gain just to return to its previous peak. Explore HKEX: 07709 on StableStock: #HBM# #Semiconductors#

Breaking: Situational Awareness increased its stake in a 159 year old company by 49% last quarter Everything you need to know about Leopold's position: • 2,027,451 shares, worth $28,587,059 • Added 673,551 shares from Q4 2025 • One of the smallest positions in the fund Founded 1867, it makes industrial boilers and power generation equipment, now pushing into AI data center power through its FastPower program The company is Babcock & Wilcox $BW Why it's one to watch: • Needham initiated coverage August 31st with a Buy rating and $20 price target • Backlog is $2.6 billion • The stock is down 66% from its peak in May

Russia's effort to reduce its reliance on the US dollar by shifting to China's yuan has largely collapsed under pressure from US sanctions, Bloomberg reports. The yuan's share of payments for Russian exports has fallen to 22%, down by half from its peak in mid-2024. Russia now receives 69% of its export revenue from Asian trade in rubles.

HYPE has dropped 22% from its peak. The largest $HYPE short, 0xf02d, currently holds a short on 715,334 $HYPE ($54.57M), with $5.56M in unrealized profit and another $620K earned in funding fees.