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The previously mentioned $IBM now has new developments.
On May 21, IBM signed a memorandum of understanding with the U.S. Department of Commerce, officially announcing the construction of America's first quantum wafer fabrication plant, Anderon.
The government allocated $1 billion through the Chips Act, with IBM adding another $1 billion, totaling an initial investment of $2 billion.
And this is just the beginning; IBM also announced an additional investment of over $10 billion over the next five years, aiming to produce the first large-scale fault-tolerant quantum computer by 2029.
Qu

The past four days of US-Iran negotiations timeline:
May 21: Agreement finalized
May 22: Still a long way to go to reach an agreement
May 23: Transaction expected to be completed tomorrow
May 24: The deal will not be finalized today
May 25: Stay tuned

From January to the end of March this year, Trump made 3,642 stock trades.
Nvidia, Apple, Microsoft, Amazon, Meta... almost all tech stocks were bought, with individual amounts ranging from 1 million to 5M dollars.
During the same period, he was also selling tickets, with the largest sale reaching 25 million dollars.
Serving as president while also trading in the stock market, occasionally placing orders for his own positions.
Undoubtedly the greatest trading president in history.

Why do you always fail to hold onto big gains but can withstand huge losses
Last night, the CPI data was released, with a year-over-year increase of 3.8% in April, reaching a new high since 2023.
The Nasdaq, Qualcomm, Intel, Micron... all declined, and some people said this wave was over.
As a result, within less than 24 hours today, it basically rebounded.
The University of Chicago studied account records of a group of active traders, and one common feature among the most severely losing group: the average holding time for losing positions is 2.4 times longer than for profitable posit

The US stock market hit a new all-time high.
Many people say it's hype, and that it will crash soon.
But one thing is true: where the money goes, the stock prices follow.
Globally, the top 50 tech companies have invested over $300 billion in AI infrastructure this year.
This money has flowed into NVIDIA's GPUs, Microsoft's cloud, and Amazon's servers.
Orders, revenue, and cash flow are all reflected in their financial reports.
In 2000, during the internet bubble, companies had dreams but no revenue.
Now it's different; NVIDIA's data center revenue has increased over 200% year-ove

Is there a bubble in AI? The answer is definitely yes.
Looking at recent storage and semiconductor stocks, SanDisk has risen 410% in four months, Micron doubled, SK Hynix increased by 135%.
The market is using real money to prove that AI demand is genuine.
But genuine demand doesn't mean the prices are reasonable.
The seven tech giants are spending over $600 billion this year, burning money at a rapid pace, and infrastructure is continuously improving, but there seem to be very few applications that truly change ordinary people's lives.
The pace of capital expenditure far exceeds the

Storing this wave, it has risen very sharply, and now everyone is already very FOMO.
Those who haven’t gotten in are feeling tortured, while those who are on the train are eating well.
But I can also see some friends, after missing the chance, are thinking about two things: chasing the price higher; shorting as revenge.
The best choice is to choose neither.
The cost of missing out is missing out on a stretch of gains.
And I feel the two ways of losing—getting trapped from chasing higher, and losing money from shorting—are ten times more painful than missing out.
Store the current p

Japan spent hundreds of billions of dollars buying yen, and there’s a high probability it will revert to its original state in 5-7 days.
They intervened in 2022 and it was reversed.
They intervened again in 2024 and it was reversed.
Today, they did it once more.
The US-Japan interest rate differential hasn't changed by a single point, and carry trade traders are still active, and the logic of shorting the yen remains.
The policy hasn't changed; no matter how much money is spent, it’s just pouring into a leaky bucket.
The only thing worth watching is that this time the Federal Reser

Microsoft's exclusive license talks with OpenAI fell apart, causing the stock to plummet and then rebound.
But I don't think this is necessarily a bad thing.
In the past few years, Microsoft's revenue sharing with OpenAI has never been publicly disclosed; it's not that they didn't want to say, but that it would be too embarrassing to reveal.
Now that it has shifted to a non-exclusive license, translated as: I can use you, or I can use others, you can go find other investors, but don't expect me to keep supporting you forever.
Azure will continue to sell computing power, but no longer n

Korean, Japanese, and Taiwanese stocks all hit record highs today, with Samsung, SK Hynix, and TSMC leading the gains.
But what's really interesting is that South Korea's KOSPI has risen 39% this year.
The A-share Shanghai Composite is still around 4,000 points, 34% below its all-time high in 2007.
Both investing in AI and making semiconductors, why is the gap so huge?
Goldman Sachs has already set the KOSPI target at 8,000.
Does the A-shares market still have a future?🤣

Apple’s new CEO spent 25 years at Apple and never switched jobs.
Cook has been at the helm for 15 years, and the company’s market value has risen from $3500B to $4T—more than 10 times.
The successor, John Ternus, is 50, a hardware engineer, and will officially take over on September 1.
This choice is pretty interesting.
Jobs defined what Apple is—an extreme product aesthetic.
Cook took Apple into markets around the world—an extreme supply chain and operations.
Now it’s Ternus’s turn to answer—what will Apple become?
With a hardware engineer taking the lead, the direction Apple is

Tesla releases its earnings report on Wednesday evening.
I find it a bit hard to understand Tesla now; what exactly is its current stock price based on?
It's not the current cars, as delivery volumes have consistently fallen short of expectations.
It's not the current profits, as gross margins are still declining.
It's not the current P/E ratio, which has long been too expensive to value with traditional logic.
Because what everyone is buying isn't Tesla now, but Robotaxi, Optimus, and the AI empire that hasn't yet appeared.
Betting on the future isn't wrong, but how much these fu

April is historically one of the best-performing months of all time.
According to Bloomberg data: Over the past 25 years, the MSCI World Index has a 75% probability of delivering positive returns in April, with an average monthly increase of about +2.0%, ranking first among all 12 months of the year.
However, historical data always comes with an important implicit assumption: in those 25 years, no president has been able to suddenly raise the global average tariff rate from roughly 3% to over 20% within 72 hours.
In April 2025, Trump announced the “Liberation Day” tariff policy, triggeri