Yesterday's GTC conference left me completely numb— NVIDIA, it's back. This time, it's not some "slight performance bump" or "8% efficiency improvement"—the kind of toothpaste-squeezing nonsense. It straight-up crammed a flagship GPU matching RTX 5070 performance into a single 3 likes · 1 retweets · 1 replies · 2026-06-02T02:34:26.000Z Captured by scrape-follows from @RichTerry123

SpaceX's IPO nets $80 billion, but over $60 billion of it doesn't even belong to you Lately, news of SpaceX gearing up for an IPO has been making waves, with a $80 billion fundraising scale that sounds downright terrifying. But take a closer look at the prospectus, and this 2 likes · 0 retweets · 0 replies · 2026-06-02T03:19:20.000Z Captured by scrape-follows from @RichTerry123

$SPY 看了一下图表：以下是下跌空间（基于当前价格 755-758）： 第一：729-733； 第二：715-711； 第三：700-695。 第一水平位在下跌至 750 附近时，提供不错的 DCB 交易机会。7-10% 的回调可能需要 4-6 周，在此期间，我们应该可以在这些水平位获得 DCB 机会，而短期看涨期权将非常有利可图。 6 likes · 1 retweets · 51 replies · 2026-06-01T08:59:47.000Z Captured by scrape-follows from @RichTerry123

It's been a while since we last talked about gold. First, let me share my personal view: I don't recommend buying gold right now. The reasons are as follows: 1. The international gold price has already hit its historical peak at 5600. It will gradually ease downward in the 45 likes · 6 retweets · 75 replies · 2026-05-29T11:02:29.000Z Captured by scrape-follows from @RichTerry123

Feels like what the market is buying right now isn't companies—it's stories! HPQ's quarterly results look ugly, with clear logic: rising memory costs, shrinking PC profit margins, and fundamentals under direct pressure. Nothing much to say about that. But here's the weird 25 likes · 1 retweets · 66 replies · 2026-05-29T10:06:39.000Z Captured by scrape-follows from @RichTerry123

Everyone's talking about SpaceX rockets and AI I've analyzed SpaceX's revenue situation. Here's what really drives this company's growth! I've recently taken a close look at SpaceX's revenue (based on data from its S-1 filing). To be honest, the results weren't what I expected. 17 likes · 3 retweets · 41 replies · 2026-05-28T04:12:31.000Z Captured by scrape-follows from @RichTerry123

70% of the S&P's gains come from the semiconductor sector. Unfortunately, this isn't the so-called "bubble." In most cases, we'd just ignore those bubbles outright. But the current bull market is built on genuine fundamental growth. For example, Micron Technology's price has 26 likes · 3 retweets · 80 replies · 2026-05-28T10:31:57.000Z Captured by scrape-follows from @RichTerry123

This wave of cross-border brokerage crackdowns has a milder actual impact on Hong Kong stocks than imagined. Short-term view: Existing accounts can only sell, not buy, for 2 years, with selling pressure being one-directional and stretched out, avoiding concentrated stampedes. 9 likes · 1 retweets · 37 replies · 2026-05-22T10:50:49.000Z Captured by scrape-follows from @RichTerry123

Now redefining Futu Tiger: a company providing financial trading services to overseas Chinese can only sell, not buy. Spread this cut over two years to complete it—with incremental restrictions starting in 2022, and now slashing the existing stock. In the future, mainland money 9 likes · 2 retweets · 32 replies · 2026-05-22T09:30:27.000Z Captured by scrape-follows from @RichTerry123

Gotta liquidate US stocks to come back and support A-shares Pre-market for US stocks, Tiger Brokers' decline widens to over 40%, Futu Holdings drops over 30%. [CSRC Plans Severe Penalties on Tiger, Futu, and Longbridge in Accordance with Law] On May 22, the China Securities 2 likes · 3 retweets · 10 replies · 2026-05-22T09:18:24.000Z Captured by scrape-follows from @RichTerry123

I took some time to watch the latest interviews with GigaDevice and Eastcore Semiconductor, and I found that this storage market upturn isn't just a price rebound—downstream real demand is also clearly warming up. Take security surveillance as an example: Eastcore explicitly 47 likes · 8 retweets · 32 replies · 2026-05-19T10:53:06.000Z Captured by scrape-follows from @RichTerry123

Tech Mad Dog Wave Drains Lithium Battery Blood: Real-Time Trading Thoughts on Capital Rotation This global tech mad dog wave has practically sucked all the blood out of other sectors, with the biggest victim being the side GOAT—lithium batteries. Institutional Perspective: This 25 likes · 3 retweets · 26 replies · 2026-05-18T09:56:07.000Z Captured by scrape-follows from @RichTerry123

Regarding storage, the current question is how long this round of demand can sustain. Because no one can accurately predict whether orders several years from now will continue to grow, especially after Agent AI emerges this year, application scenarios like inference, multi-agent 51 likes · 5 retweets · 28 replies · 2026-05-11T08:17:22.000Z Captured by scrape-follows from @RichTerry123

$RKLB, I picked up a bit at the low the day before yesterday, and scooped up another wave at the bottom. Let me talk about the logic behind RKLB. Compared to SpaceX right now, even if it's only valued at one-tenth, a reasonable market cap should still be between 150-200 billion. 77 likes · 13 retweets · 7 replies · 2026-05-09T07:15:13.000Z Captured by scrape-follows from @RichTerry123

Whether it's computing power, storage, or semiconductors, optical communications, PCBs, CPO—the market cycle hasn't run its course yet. Yesterday was just a normal pullback, with semiconductors, optics, and storage showing signs of profit-taking. The earnings logic for Arm, 116 likes · 21 retweets · 5 replies · 2026-05-08T07:55:25.000Z Captured by scrape-follows from @RichTerry123

Recently, Goldman Sachs has turned bearish on lithium mines, and many people are getting quite nervous. Let me share a few data points with everyone first: Goldman Sachs believes that, first, lithium carbonate prices will peak in the first half of 2026, at about 164,000 RMB/ton, 88 likes · 9 retweets · 27 replies · 2026-05-08T10:29:18.000Z Captured by scrape-follows from @RichTerry123

To better preserve content and to have deeper exchanges with friends who truly appreciate my logic, I've created a discussion group. I hope to connect with more friends who have high-quality insights, so we can all supplement each other's information gaps. This group is 9 likes · 0 retweets · 2 replies · 2026-04-30T10:26:06.000Z Captured by scrape-follows from @RichTerry123

The market knows that the four giants are burning cash, but have you ever thought about this question: Who exactly benefits from the nearly $700 billion in AI capital expenditures in the end? I've compiled 5 directions: 1. Energy infrastructure: The end of computing power is 249 likes · 68 retweets · 12 replies · 2026-04-30T07:56:25.000Z Captured by scrape-follows from @RichTerry123

Here's a summary of last night's Big Four earnings reports: $GOOGL Cloud grew 63%, Pichai said revenue could have been higher, but was constrained by compute capacity. $MSFT Azure returned to 40% growth, Copilot paid seats continue to increase. $AMZN AWS grew 28%, self-developed 47 likes · 7 retweets · 6 replies · 2026-04-30T07:27:43.000Z Captured by scrape-follows from @RichTerry123

According to a source, another reason for the surge in PCB prices is the shortage of other key materials, including glass fiber and copper foil. The source also added that copper foil prices have risen by as much as 30% so far this year. Copper accounts for about 60% of the 202 likes · 41 retweets · 9 replies · 2026-04-28T08:23:24.000Z Captured by scrape-follows from @RichTerry123

How should the semiconductor sector be played right now? When facing a sector that's up 18 days in a row with technicals in extreme euphoria, trying to guess the top or bottom is futile. There's a Reuters article mentioning that the semiconductor subsector's Q1 earnings growth 51 likes · 8 retweets · 4 replies · 2026-04-27T10:49:35.000Z Captured by scrape-follows from @RichTerry123

DeepSeek-V4 launched today, and many people have noticed that DeepSeek V4 has gotten even stronger. But there's one point worth noting: DeepSeek V4's inference solution has already been validated on both NVIDIA GPUs and Huawei Ascend NPUs. This kind of cross-platform adaptation 55 likes · 8 retweets · 2 replies · 2026-04-24T06:00:46.000Z Captured by scrape-follows from @RichTerry123

• Source: https://x.com/RichTerry123/status/2042513841859498141
• Author: Terry (@RichTerry123)
• Date captured: 2026-04-11
• integrated_into: .brief/physical-ai-infrastructure-thesis.md

TL;DR

Bloomberg reports Lumentum expects to sell out 2028 production capacity within two quarters, driven by their acquisition of an InP (indium phosphide) optical device factory. NVDA invested in LITE because as AI compute clusters scale, optical interconnect costs and bottlenecks increase — ensuring…

I recommend everyone read Nassim Taleb's Antifragile. There's a line in it that I find ever fresh with every reading: "Wind extinguishes a candle and energizes fire. Likewise with randomness, uncertainty, chaos: you want to use them, not hide from them. You want to be the fire 753 likes · 101 retweets · 38 replies · 2025-11-26T09:12:38.000Z Captured by scrape-follows from @RichTerry123