To The Moon

Sandisk’s elevation to market superstardom has been so abrupt that I half-expected someone to quietly admit they’d uploaded the wrong ticker. A 513% year-to-date return, a near-vertical three-month rally, and the red carpet rolled out for S&P 500 admission — it’s all very glamorous. But as investors cheer its coronation, I find myself more interested in what happens when the music stops, the lights come back on, and the industry returns to something resembling normality. That, in my view, is when we find out whether Sandisk is a genuine AI-era heavyweight or simply the accidental beneficiary of a very tight NAND market and a lot of index-driven enthusiasm. Sandisk surges as AI demands push storage into overdrive Margins Rebound — Real, But Fragile Sandisk’s margin improvement has been

A company minting money at Ferrari speed while being priced as if it’s due for retirement. $Tencent Holding Ltd.(TCEHY)$ continues to present one of the most entertaining mismatches between perception and reality in global tech. The market clings to a narrative of a fatigued Chinese conglomerate, yet the numbers depict a company in full command of its cash engine and quietly reorienting itself toward higher-margin, lower-regulation business lines. This isn’t a repair job. It’s a deliberate strategic shift carried out by a business that was already functioning beautifully. A giant quietly reshaping itself beneath the market’s gaze Valuation, Cash Flow, and the Persistent Mispricing Problem The latest million-share buyback on 26 November adds anoth

From Pandemic Pin-Up to Profit Powerhouse Zoom just reported 196% earnings growth on 4.4% revenue growth—and the market barely blinked. Only in tech could a company multiply its profits almost threefold and still be treated like yesterday’s novelty item. But beneath the market’s aloof shrug lies one of the most dramatic and, dare I say, underrated corporate evolutions of the post-pandemic era. Reinvention begins quietly, then reshapes everything beneath the surface Rather than chasing its former hyper-growth identity, $Zoom(ZM)$ has reimagined itself as something more stable, more efficient, and frankly more investable. The top line may now grow at a leisurely 4.4%, yet the company has become a masterclass in translating incremental revenue into out

If the last decade of tech was defined by who could build the biggest data centres, the next decade will be defined by who can run the most intelligence for the least money. And on that measure, I’m increasingly convinced $Alphabet(GOOGL)$ has engineered a structural advantage the market still only half understands. While competitors parade models like catwalk fashion, Alphabet has been busy constructing an AI machine room where it owns—and optimises—every wrench, cog, wire and circuit. In an industry finally waking up to the economics of inference efficiency, this matters immensely. What makes Alphabet interesting isn’t simply that it’s enormous. It’s that its vastness is now cohering into an economic engine: models designed for its own silicon,

How Holding a Decade-Old SG Dividend Champion Like Sembcorp Shapes My Compounding Engine I’ve held $Sembcorp Ind(U96.SI)$ for ten years, and somewhere along the way, my steady dividend stock became a teenager who quietly excels at everything I didn’t expect. What began as a reliable dividend play in Singapore has evolved into a subtle yet powerful growth engine for my portfolio. Thanks to tax-free dividends, every dollar I’ve received over the years has been able to reinvest at full strength, quietly compounding while the market chased flashier headlines elsewhere. A decade of quiet compounding pushing outward with deliberate strength The Compounding I Didn’t Realise I’d Built Reinvesting dividends sounds dull until you do the maths. A $10,000 p

Why the Sell-Off Happened Despite Both Companies Posting Excellent Quarters When $XIAOMI-W(01810)$ and $XPENG-W(09868)$ reported earnings, I half-expected a polite round of applause from the market. Instead, both stocks were thrown down the nearest lift shaft. Xiaomi delivered nearly 200% auto revenue growth with margins climbing to 25.5%. XPeng crossed 20% gross margin for the first time, hit record deliveries and narrowed its net loss. Yet the share prices behaved as if both firms had announced a surprise pivot into artisanal candle making. When great earnings meet markets in a particularly dramatic mood This was pure sentiment, not fundamentals. Investors came in hoping for immaculate guidance in an

CoreWeave’s backlog isn’t a sales forecast — it’s a revenue conveyor belt. And the striking thing, at least to me, is how few investors seem to grasp just how defensible that makes the business. This isn’t a polite queue of potential buyers; it’s a multi-year commitment from companies that literally cannot operate without the infrastructure $CoreWeave, Inc.(CRWV)$ provides. With revenue already growing at triple-digit rates and the AI infrastructure market still starved of supply, the backlog behaves less like future interest and more like revenue scheduled for arrival. In a sector where demand keeps sprinting ahead of supply, that’s as close to structural inevitability as you get. Where demand outruns supply, inevitability becomes the real advant

Racing Ahead While Others Change Tyres Solana has spent the past year reminding the market that speed still matters, even in an industry that often congratulates itself for progress that would make a snail impatient. With the token hovering around 136 dollars after a choppy stretch, it has not been the easiest asset for anyone prone to checking price charts before breakfast. Yet beneath the volatility sits a network evolving into something more substantial than a speculative trade. Solana is quietly carving out the rarest commodity in crypto: practical utility. Speed shaped into structure, revealing Solana’s emerging economic momentum Throughput That Isn’t Just a Party Trick Many blockchains claim to be fast, cheap and scalable in the same way every start-up claims to be revolutionising so

Why this rare-earth revival hinges on geopolitics, grit, and a dash of luck—rather than exponential economics. $MP Materials Corp.(MP)$ has become the unlikely star of 2025’s market drama—a rare-earth miner whose share price has rocketed more than 270% year-to-date, eclipsing the S&P 500’s modest 14% rise. It’s a performance more fitting of an AI darling than a company that literally digs things out of the desert. Yet investors appear convinced that MP sits at the crossroads of two irresistible forces: geopolitical urgency and the green-energy transition. The question is whether this is a sustainable business model—or just a policy-fuelled mania wrapped in patriotic packaging. Where geology meets geopolitics — and valuation defies gravity From D

AppLovin's September inclusion in the S&P 500 brought automatic prestige and passive inflows—but not immunity from gravity. Index membership signals scale and credibility, yet it doesn’t guarantee that growth can continue at breakneck pace. For a company that has grown from a mobile gaming adtech upstart to a $200 billion behemoth, the pressing question is whether Axon 2.0, its high-margin AI engine, can drive durable expansion beyond its core niche. S&P Inclusion: Momentum Versus Fundamentals The stock’s recent performance is remarkable. Shares have climbed more than 100% over the past year and a staggering 3,350% over three years, largely fueled by pandemic-era gaming demand and a rapid monetisation pivot via the original Axon platform. That extraordinary surge illustrates both t