Memory stocks are a roller coaster: SanDisk $SNDK is up 826% over the year but down 41% from its peak. Kioxia has plunged 64% from its high. The AI boom comes with brutal drawdowns. The average drawdown across the previous four major memory downcycles was 49%.

To be honest, this is getting terrifying. Word is going viral: a 23-year-old developer ran 300 Claude Code instances at once. But the real story isn't the scale—it's that he assigned a cheaper "supervisor" AI to catch the worker AIs the second they hallucinate. On his dashboard: 300 AIs cross-check data from 100 companies three times, verifying every line against source text within 0.1 seconds before saving it to a knowledge base. A task that takes an analyst team weeks was done in a single run. Managing an agent fleet myself, I feel the exact same way: AI output volume doesn't matter; controlling hallucinations does. This shifts the game across three dimensions: Technology: We are moving from simple generation to Multi-Agent Governance. The true bottleneck is no longer context size, but real-time, low-latency validation loops. Brand: Trust is currency. Brands using unmonitored AIs risk reputational suicide, while those leveraging "AI-governed AI" can scale 100x faster without sacrificing accuracy. Risk: Mass automation brings new vulnerabilities. If the verifier shares logical flaws with the worker, you risk scalable confirmation bias—amplifying subtle errors thousands of times before a human intervenes.

June 18: Trump buys $500K in $BA Boeing. Same day: $880M Navy contract. June 24: Trump buys $250K in $PLTR Palantir. Same day: $45.8M gov contract. Textbook corruption. 🚨 Warren Buffett was right in 1991: "The big problem with Donald Trump was he never went right."

US tech volatility is surging. $NDX, $SOX and S&P 500 Software all fell 2%+ yesterday, only the second such session in 2026 versus 14 in 2025. $SOX has now seen four corrections in 135 days, the most in any such period since 2002.

$AMD has joined the $1 trillion club! A nearly 10% stock surge pushed its market cap to $1.005 trillion, making it the seventh chipmaker to reach this milestone after $NVDA Nvidia, $TSM TSMC, $AVGO Broadcom, $MU Micron, Samsung, and SK Hynix. Since Lisa Su became CEO in 2014, AMD has executed a historic turnaround—rising from near-bankruptcy at a $2 share price and $2 billion valuation to $1 trillion today, marking a 500-fold growth in 12 years.

Leopold Jenkins is at it again this morning. Golf clap: SNDK 1700 0DTE jumped from $3 to $90. He's back. Someone just dropped $100M in premium on 2-week AI calls expiring Oct 2: $INTC 115c: 20k @ up to $3.65 ($7.3M) $MRVL 250c: 3,500 @ $11.0 ($3.85M) $SNDK 1600c: 4,200 @ up to $97.6 ($41M) $MU 1000c: 10k @ up to $44.0 ($44M)

Rumor: Unconfirmed media reports claim Huawei founder Ren Zhengfei (任正非) and his family have fled China ahead of new entry and exit restrictions starting Sept. 15. Some reports allege he escaped by sea via the Dapeng Peninsula, while others cite a heavy police presence at Huawei’s headquarters. #Huawei# has not issued an official statement, but multiple media outlets have now picked up the story.

JUST IN: Former OpenAI researcher Leopold Aschenbrenner’s hedge fund, Situational Awareness LP, has reportedly re-entered the public markets, purchasing call options on several AI infrastructure and hardware stocks, including $CRWV, $SNDK, $BE, and $AMD.

On the left is Apple iPhone Duo, on the right is Xiaomi 18 Fold. Both are foldables, and judging purely by appearance, the difference is indeed minimal now. Previously, Xiaomi's cars also sparked heated discussions due to their resemblance to Porsche. In the end, the choice still comes down to ecosystem and actual performance, returning to the age-old debate of Android vs. iOS.

These two are the Chinese knockoffs of Elon Musk and Jensen Huang, though the impressions are a bit crude. Copycat brands: miss by an inch, lose by a mile. Have these imitators broken through the tech barriers to achieve mass production now? Are they no longer held by the throat by foreigners? Currently, global AI chips and advanced memory (such as HBM) remain in severe shortage. Both Jensen Huang and Elon Musk pointed out that capacity bottlenecks will persist for years, with no immediate risk of oversupply.

$INTC shares surged 12% following a strong double beat in Q2, lifting semiconductor peers $ARM and $AMD. Intel's solid earnings and raised guidance helped rally the broader market following recent post-earnings sell-offs in $GOOG and $TSLA. Adj. EPS: $0.42 (vs. $0.21 consensus) Revenue: $16.13B (vs. $14.42B consensus)

$MU 5.89x. $SNDK 7.77x. Ridiculous. Despite projected record profits through 2028, the market still prices these giants like the story is over. At just 5x to 7x forward P/E, they are being valued as volatile commodities rather than indispensable infrastructure for the AI era.

$SPCX has fallen below its opening price from its first day of trading. Opening price on day one: Approx. 150 USD (The official IPO price was 135 USD, with the stock jumping immediately at the opening bell). SpaceX enterprise value: Approx. 780 billion USD, which translates to roughly 62 USD per share. The real risk: SpaceX may find it difficult to generate positive cash flow within the next 10 years.

Based on SemiLLM’s estimates, $MU Micron’s projected operating income of approximately $42B would surpass the quarterly earnings of traditional M7 heavyweights such as $AAPL ($27.0B), $AMZN ($22.0B), and $META (~$22.0B), while approaching the profitability of cloud hyperscalers like $MSFT and $GOOG. This earnings inflection is driving a structural re-rating. With HBM supply remaining extremely tight and pricing largely locked in, Micron has already crossed the $1 trillion market cap milestone. @SemiLLM projects that the stock still has more than 100% upside, as the market increasingly values Micron as a critical, high-margin AI infrastructure company rather than a traditional cyclical memory maker.