Market Overview & Investment Thesis - Tech industry is in a bull market expected to continue for another two years, presenting golden buying opportunities [2] - Current nervousness is shortsighted, with street underestimating numbers by 20-30% over the next 12-18 months [2] - US is ahead of China in tech for the first time in 30 years, indicating a fourth industrial revolution [8] - Focus on long-term potential rather than short-term valuations to avoid missing transformational tech stocks [15] AI & Capex - Demand for chips is significantly outstripping supply, with demand increased approximately 30% since June [2] - Hyperscalers are in a capex super cycle, building a new economy on the consumer and enterprise front [2] - For every $1 spent on Nvidia chips, there's an 8 to 10 times multiplier across the rest of tech [10] - For every $1 invested in capex, companies are expected to make $8 to $10 in return over the coming years [2] Company Specific Analysis - Meta and Oracle are table pounders, with sell-offs representing golden buying opportunities [3] - Oracle is only 2% penetrated within its install base when it comes to AI, indicating massive renaissance potential [4] - Expects US enterprise AI adoption to increase from 3% to 20% over the next 18-24 months [5] - Tesla could reach a $2 trillion to $3 trillion market cap due to its dominance in autonomous technology [7]

Market Trends & Drivers - Bitcoin received a boost from the tech rally [1] - Short liquidations triggered a surge in Bitcoin's price [2] - Bitcoin ETF inflows reached over 1 billion USD, marking the biggest day this year [2] - Corporate buys and ETF inflows have supported Bitcoin, keeping it above 100,000 USD for over 60 days [3] - The rebound in crypto started in mid-April [3] External Factors & Potential Risks - Interest rates are a key focus for Bitcoin [4] - The Fed meeting at the end of the month will be interesting to watch for its impact on Bitcoin [4] - Potential termination of Fed chair Jerome Powell hinted at by President Trump influenced the market [3] Bitcoin Performance & Characteristics - Bitcoin outperformed gold [5] - Tech up and rates down is a good formula for Bitcoin [4] - Bitcoin reached the 110,000 USD level [2]