My portfolio just hit a new ATH, +127.7% YTD intraday today, so I thought I’d review current semi valuations and share some updates on what I’m holding. My performance since the end of 2022 is only an estimate, but it honestly looks ridiculously high at around +4,345%. A big part of that came from using margin during 2023 and 2024. For practical purposes, I think it makes more sense to share performance without margin and focus purely on the results from my stock picks. Pure stock picking and position sizing would be a fairer comparison with QQQ. Since launching my Patreon research, the performance has been +405% vs. +71.3% for QQQ, or roughly 5.68 times the return. Below are my current portfolio allocations, recent trades, and an important update on my cash position. After that, I’ll share my review of semi stock valuations and the impact of tech trends such as META MUSE adoption.