https://stacksdaily.com/The world's best investing minds, in your languageenSat, 25 Jul 2026 06:52:09 +0000https://stacksdaily.com/p/en/jukan-korea-memory-mega-mou-950b.htmlhttps://stacksdaily.com/p/en/jukan-korea-memory-mega-mou-950b.htmlJukan (@jukan05)Sat, 25 Jul 2026 00:00:00 +0000SK hynix agreed to supply $750 billion (about 1,085 trillion won) worth of advanced memory chips to Nvidia and other US tech giants over the next five years, according to Kim Yong-beom, South Korea's presidential chief of staff for policy, relayed by chip-industry commentator Jukan on X. The same day, Samsung Electronics signed a separate memorandum of understanding with Broadcom covering $200 bi…https://stacksdaily.com/p/en/jukan-apple-micron-china-memory-lobbying.htmlhttps://stacksdaily.com/p/en/jukan-apple-micron-china-memory-lobbying.htmlJukan (@jukan05)Sat, 25 Jul 2026 00:00:00 +0000Apple is lobbying the White House to allow Chinese-made memory chips in its products, according to the Wall Street Journal, as memory prices used in iPhones have surged this year. Micron, the US memory chipmaker, is reportedly pushing back hard, arguing the exemption should never be granted. Chip-industry commentator Jukan, writing on X, disputed Apple's stated reasoning. Apple has argued that ri…https://stacksdaily.com/p/en/semianalysis-amd-cuda-moat-advancing-ai-2026.htmlhttps://stacksdaily.com/p/en/semianalysis-amd-cuda-moat-advancing-ai-2026.htmlSemiAnalysisSat, 25 Jul 2026 00:00:00 +0000Semiconductor analysis firm SemiAnalysis has upgraded its outlook on AMD's chances of challenging Nvidia's software dominance from a 0% chance in its first critical report to what it now calls a great chance of success, provided AMD clears two remaining risks. The firm's review of AMD's MI455X accelerator, unveiled at Advancing AI 2026, found it is the first datacenter chip built on TSMC's 2-nano…https://stacksdaily.com/p/en/meru-treasury-yield-deficit-not-just-oil.htmlhttps://stacksdaily.com/p/en/meru-treasury-yield-deficit-not-just-oil.html메르Sat, 25 Jul 2026 00:00:00 +0000Rising oil prices explain only part of the Treasury yield spike, Korean investment blogger Meru argues, the bigger driver is a structural mismatch between how much debt Washington needs to sell and how much the market wants to buy. The 10-year yield broke above 4.7% intraday, and most coverage blames it on crude, since the Strait of Hormuz is blocked again and Houthi attacks threaten the Red Sea.…https://stacksdaily.com/p/en/trump-xi-putin-no-weapons-iran.htmlhttps://stacksdaily.com/p/en/trump-xi-putin-no-weapons-iran.htmlDonald J. Trump (@realDonaldTrump)Fri, 24 Jul 2026 00:00:00 +0000President Trump said both Chinese President Xi Jinping and Russian President Vladimir Putin personally assured him they will not sell weapons to Iran, a claim that, if it holds, would cut off two of the countries most capable of arming Tehran as its war grinds into its fifth month. Trump wrote on Truth Social that Xi made the pledge at their recent meeting in Beijing and said it extends to Chines…https://stacksdaily.com/p/en/jukan-amd-mi500-tam-14t.htmlhttps://stacksdaily.com/p/en/jukan-amd-mi500-tam-14t.htmlJukan (@jukan05)Fri, 24 Jul 2026 00:00:00 +0000Semiconductor analyst Jeff Pu has raised his forecast for the AI accelerator market to $1.4 trillion by 2030, up from an earlier $1 trillion estimate, and now expects the market to already reach $1 trillion by 2028, according to a note relayed by chip-industry commentator Jukan on X. Pu's note, focused on AMD's AI roadmap, also lifted the server CPU total addressable market to more than $220 bill…https://stacksdaily.com/p/en/kobeissi-equity-etf-record-880b.htmlhttps://stacksdaily.com/p/en/kobeissi-equity-etf-record-880b.htmlThe Kobeissi Letter (@KobeissiLetter)Fri, 24 Jul 2026 00:00:00 +0000US equity ETFs have pulled in $880 billion in new money so far this year, already the second-largest annual haul on record after only the all-time high set in 2025, and on pace to blow past that record before year-end, according to data highlighted by The Kobeissi Letter. The current pace of inflows is more than double what the market saw at the same point in both 2021 and 2025, two years that th…https://stacksdaily.com/p/en/kobeissi-intel-erases-rally.htmlhttps://stacksdaily.com/p/en/kobeissi-intel-erases-rally.htmlThe Kobeissi Letter (@KobeissiLetter)Fri, 24 Jul 2026 00:00:00 +0000Intel's stock has erased its entire post-earnings rally, falling 4% on Thursday after surging as much as 15% following Tuesday's blowout second-quarter report, The Kobeissi Letter reports. The reversal has wiped out roughly $90 billion in market capitalization since the rally peaked around 4:20 p.m. ET the day after earnings. Intel had posted its strongest quarterly revenue growth in more than fi…https://stacksdaily.com/p/en/kobeissi-sp500-iran-war-selloff.htmlhttps://stacksdaily.com/p/en/kobeissi-sp500-iran-war-selloff.htmlThe Kobeissi Letter (@KobeissiLetter)Fri, 24 Jul 2026 00:00:00 +0000The S&P 500 gave back its entire daily gain and closed lower on Thursday, as an escalation in the Iran war triggered a broad pullback in technology stocks, The Kobeissi Letter reports. The index had been trading in positive territory earlier in the session before reversing course, a move Kobeissi tied directly to the intensifying conflict, now in its 145th day after Iran rejected a US-brokered ce…https://stacksdaily.com/p/en/serenity-googl-waymo-uber-split.htmlhttps://stacksdaily.com/p/en/serenity-googl-waymo-uber-split.htmlSerenity (@aleabitoreddit)Fri, 24 Jul 2026 00:00:00 +0000Uber and Google's self-driving unit Waymo may be headed for a split, the Financial Times reported, according to investor commentary account Serenity, who says the shift confirms a view held for over a year. Serenity had argued that Uber's partnership with Waymo was a mistake from the start, since it effectively turned Uber into a distribution channel Google could use to scale its own robotaxi ser…https://stacksdaily.com/p/en/kobeissi-datacenter-power-2035.htmlhttps://stacksdaily.com/p/en/kobeissi-datacenter-power-2035.htmlThe Kobeissi Letter (@KobeissiLetter)Fri, 24 Jul 2026 00:00:00 +0000US data center electricity demand is projected to jump 253% from 2026 levels to a record 194 gigawatts by 2035, The Kobeissi Letter reports, a figure roughly equal to the output of 194 traditional nuclear reactors. As a result, data centers are expected to account for about 20% of total US electricity consumption by 2035, up from roughly 6% today, with the share already projected to hit 12% by 20…https://stacksdaily.com/p/en/trump-eu-301-investigation-bigtech-fines.htmlhttps://stacksdaily.com/p/en/trump-eu-301-investigation-bigtech-fines.htmlDonald J. Trump (@realDonaldTrump)Fri, 24 Jul 2026 00:00:00 +0000President Trump announced the US has opened a Section 301 investigation into what he calls the European Union's practice of "robbing" American companies through antitrust fines, and threatened a "substantial tariff" on the EU in response. In a Truth Social post, Trump listed the EU's recent penalties: $15 billion against Apple, $3 billion against Meta, $2.5 billion against Amazon, and, just annou…https://stacksdaily.com/p/en/jensen-open-models-letter.htmlhttps://stacksdaily.com/p/en/jensen-open-models-letter.htmlJensen Huang (@JensenHuang)Fri, 24 Jul 2026 00:00:00 +0000Nvidia CEO Jensen Huang posted on X for the first time on July 24th, using the debut to share a letter Nvidia signed arguing that open AI models deserve as much support as closed, proprietary ones. The letter states that AI will transform every industry, power every company, and eventually be built by every country, and argues open models strengthen safety and cybersecurity, speed up innovation a…https://stacksdaily.com/p/en/kobeissi-ai-capex-sox-correlation-collapse.htmlhttps://stacksdaily.com/p/en/kobeissi-ai-capex-sox-correlation-collapse.htmlThe Kobeissi Letter (@KobeissiLetter)Fri, 24 Jul 2026 00:00:00 +0000The stock market is starting to treat AI chipmakers and AI spenders as two separate trades instead of one, The Kobeissi Letter reports. The 30-day correlation between the largest US capital-expenditure spenders on AI infrastructure and the semiconductor index, the SOX, has fallen to near zero, the lowest reading in at least four and a half years. That's down sharply from +0.78 in April, and well…https://stacksdaily.com/p/en/netinterest-stripe-paypal-bid.htmlhttps://stacksdaily.com/p/en/netinterest-stripe-paypal-bid.htmlMarc Rubinstein (Net Interest)Fri, 24 Jul 2026 00:00:00 +0000Stripe and private equity firm Advent have offered to acquire PayPal for around $53 billion, Net Interest's Marc Rubinstein reports, with the deal reportedly structured so Stripe and Advent would each own half of PayPal, backed by $50 billion in committed bank financing. The offer follows a secondary tender offer that valued Stripe itself at $159 billion, and it closes a loop that started in 2013…https://stacksdaily.com/p/en/kobeissi-oracle-cds-record.htmlhttps://stacksdaily.com/p/en/kobeissi-oracle-cds-record.htmlThe Kobeissi Letter (@KobeissiLetter)Fri, 24 Jul 2026 00:00:00 +0000Oracle's cost of insuring against a default has hit a record, with five-year credit default swaps trading near 203 basis points, meaning investors now pay roughly $203,000 a year to insure $10 million of the company's debt against non-payment, The Kobeissi Letter reports. That level has more than quadrupled since mid-2025 and now sits above where Oracle's CDS traded at the peak of the 2008 financ…https://stacksdaily.com/p/en/jukan-samsung-hynix-silicon-valley-deal.htmlhttps://stacksdaily.com/p/en/jukan-samsung-hynix-silicon-valley-deal.htmlJukan (@jukan05)Fri, 24 Jul 2026 00:00:00 +0000Samsung Electronics and SK hynix are expected to sign “very large-scale” supply contracts with major US technology companies during President Lee Jae-myung's upcoming trip to Silicon Valley, Kim Yong-beom, the presidential chief of staff for policy, said, according to semiconductor analyst Jukan. Kim, a career financial regulator who now leads the economic side of Lee's policy team, did not name…https://stacksdaily.com/p/en/jukan-amd-samsung-hbm4-deal.htmlhttps://stacksdaily.com/p/en/jukan-amd-samsung-hbm4-deal.htmlJukan (@jukan05)Fri, 24 Jul 2026 00:00:00 +0000AMD is on the verge of signing a definitive agreement with Samsung Electronics for large-scale supply of HBM4, the newest generation of high-bandwidth memory that sits next to AI chips and feeds them data at high speed, semiconductor analyst Jukan reports. At AMD's Advancing AI 2026 event in San Francisco, CEO Lisa Su was asked whether a substantive supply agreement was coming after the two compa…https://stacksdaily.com/p/en/jukan-chip-equipment-lead-times-double.htmlhttps://stacksdaily.com/p/en/jukan-chip-equipment-lead-times-double.htmlJukan (@jukan05)Fri, 24 Jul 2026 00:00:00 +0000Lead times for the machines that build chips have stretched by 1.5 to 2 times in recent months, and equipment that once shipped in six months can now take a full year to arrive, industry sources say. The bottleneck traces back to simultaneous fab investment by chipmakers worldwide, all racing to add capacity for AI-driven demand, which has caused orders to pile up faster than the five biggest equ…https://stacksdaily.com/p/en/kobeissi-iran-rejects-ceasefire.htmlhttps://stacksdaily.com/p/en/kobeissi-iran-rejects-ceasefire.htmlThe Kobeissi Letter (@KobeissiLetter)Fri, 24 Jul 2026 00:00:00 +0000Iran has turned down a ceasefire proposal that Iraqi leaders had put forward on the United States' behalf, according to the New York Times, and Thursday marks the 145th day since the war between the US and Iran began, market commentary account The Kobeissi Letter reports. Iraq has positioned itself as a mediator between Washington and Tehran, given its proximity to Iran and its own exposure to an…https://stacksdaily.com/p/en/jukan-cxmt-huawei-premium.htmlhttps://stacksdaily.com/p/en/jukan-cxmt-huawei-premium.htmlJukan (@jukan05)Fri, 24 Jul 2026 00:00:00 +0000Changxin Memory Technologies (CXMT), the Chinese state-backed memory chipmaker, has grown powerful enough to push back against even Huawei, semiconductor analyst Jukan reports. When Huawei balked at a CXMT price increase, CXMT reportedly responded by pulling Huawei's own engineers out of its fab, a sign of just how much leverage the memory maker now holds over a customer as large and influential…https://stacksdaily.com/p/en/jukan-morgan-stanley-bearish-memory.htmlhttps://stacksdaily.com/p/en/jukan-morgan-stanley-bearish-memory.htmlJukan (@jukan05)Fri, 24 Jul 2026 00:00:00 +0000A Morgan Stanley research note that's turned bearish on memory chips is genuine and has been circulating among investors, semiconductor analyst Jukan reports after confirming it with his own sources, and he says it may be one reason Korea's KOSPI stock index has been sliding the past few weeks. The analyst behind it, Shawn Kim, argues that NAND flash chipmakers are holding roughly 13 weeks of uns…https://stacksdaily.com/p/en/jukan-hynix-3d-stacked-dram-ondevice.htmlhttps://stacksdaily.com/p/en/jukan-hynix-3d-stacked-dram-ondevice.htmlJukan (@jukan05)Fri, 24 Jul 2026 00:00:00 +0000SK hynix has begun recruiting for a new specialty, 3D-stacked DRAM, and says it already has a US customer lined up to co-develop it with, semiconductor analyst Jukan reports. According to a job posting spotted by industry sources, SK hynix's US subsidiary in San Jose is hiring engineers to design DRAM chips stacked directly on top of a logic chip rather than placed beside it, a first for the comp…https://stacksdaily.com/p/en/meru-forced-labor-tariff-korea.htmlhttps://stacksdaily.com/p/en/meru-forced-labor-tariff-korea.html메르Fri, 24 Jul 2026 00:00:00 +0000Starting today, July 24, the United States has begun applying a 12.5% forced-labor tariff on Korean goods, replacing the 10% global tariff that had been in place, Korean investment blogger Meru writes, meaning Korea's overall tariff burden is now higher, not lower. The backstory: in February, the US Supreme Court ruled the Trump administration's reciprocal (IEEPA) tariffs illegal, so the White Ho…https://stacksdaily.com/p/en/meru-saudi-tanker-strike-fallout.htmlhttps://stacksdaily.com/p/en/meru-saudi-tanker-strike-fallout.html메르Fri, 24 Jul 2026 00:00:00 +0000Yemen's Houthi forces struck two Saudi-flagged oil tankers in the Red Sea overnight, the Korean investment blogger Meru writes, and the choice of target matters more than the strike itself, since these were Saudi-owned vessels rather than foreign carriers hauling Saudi crude, suggesting the Houthis are following through on a warning issued days earlier. On July 20, the group told global shipping…https://stacksdaily.com/p/en/kobeissi-us-home-price-record.htmlhttps://stacksdaily.com/p/en/kobeissi-us-home-price-record.htmlThe Kobeissi Letter (@KobeissiLetter)Thu, 23 Jul 2026 00:00:00 +0000The median price of an existing US home sold in June rose 2.2% year over year to a record $408,776, The Kobeissi Letter reports, citing National Association of Realtors data. San Francisco led metro-area price gains at 9.2% year over year, followed by Pittsburgh at 9.1% and West Palm Beach at 8.6%, with luxury purchases driving much of the increase in those markets. Sales activity picked up along…https://stacksdaily.com/p/en/kobeissi-us-job-postings-decline.htmlhttps://stacksdaily.com/p/en/kobeissi-us-job-postings-decline.htmlThe Kobeissi Letter (@KobeissiLetter)Thu, 23 Jul 2026 00:00:00 +0000US job postings on Indeed fell 3.5% year over year in the week ending July 10, landing near the lowest level recorded so far this year, market commentary account The Kobeissi Letter reports. The decline is part of a longer slide: postings are down 37.2% since April 2022 and have fallen back to where they stood in February 2021, while the number of available job openings is now barely 1% above pre…https://stacksdaily.com/p/en/kobeissi-jgb-institutional-demand.htmlhttps://stacksdaily.com/p/en/kobeissi-jgb-institutional-demand.htmlThe Kobeissi Letter (@KobeissiLetter)Thu, 23 Jul 2026 00:00:00 +0000Japanese insurance companies bought $3.9 billion of long-term Japanese government bonds (JGBs, those maturing in 10 years or more) in June, their largest monthly purchase in three years, market commentary account The Kobeissi Letter reports. That's a sharp reversal from May, when insurers were net sellers to the tune of $1.2 billion, and it marks only the second month in the past 11 that insurers…https://stacksdaily.com/p/en/jukan-intel-14a-2028-ramp.htmlhttps://stacksdaily.com/p/en/jukan-intel-14a-2028-ramp.htmlJukan (@jukan05)Thu, 23 Jul 2026 00:00:00 +0000Intel confirmed on its Q2 earnings call that it made an internal decision during the quarter to move its next-generation 14A chip process to full high-volume production in 2028, semiconductor analyst Jukan reports. 14A is Intel's most advanced upcoming manufacturing process, or node, built using high-NA extreme ultraviolet (EUV) lithography, the cutting edge of chipmaking equipment. Intel executi…https://stacksdaily.com/p/en/kobeissi-trump-massive-iran-attack.htmlhttps://stacksdaily.com/p/en/kobeissi-trump-massive-iran-attack.htmlThe Kobeissi Letter (@KobeissiLetter)Thu, 23 Jul 2026 00:00:00 +0000President Trump told Axios he is close to deciding on what he called a massive attack on Iran, saying we are all set for it and that the strike would be bigger than ever before. He added that Israel would join in two minutes if I ask them to, but that the US does not need anybody else to act. Trump said the Houthis, Iran's proxy in Yemen, have not received enough pain yet, a reference to their re…