Group 1 - Advanced Micro Devices Inc. (AMD) is a significant holding in Cathie Wood's ARK Investment Management portfolio, valued at approximately $495 million, representing about 3% of the portfolio as of the end of September [1] - ARK Investment Management increased its AMD position by roughly 13% during the third quarter, raising shares from 2.71 million to 3.06 million [1] - Analyst Simon Leopold from Raymond James resumed coverage of AMD with an Outperform rating and a price target of $377, as part of a broader coverage of seven leading semiconductor companies [2] Group 2 - Leopold believes that generative artificial intelligence has transformed the semiconductor market into a secular boom, positioning AMD well to compete with NVIDIA in the merchant GPU space [3] - The analyst highlighted that AMD's recent wins with OpenAI and HUMAIN could be worth approximately $15 billion by 2026, with growth expected to over 2 GW in 2027 [3] - AMD is recognized as a leading semiconductor company specializing in high-performance computing and graphics solutions, with a diverse product portfolio aimed at data centers, gaming, and embedded systems [3]

Nvidia (NVDA) shares were volatile this week after news that Meta (META) is in talks to buy billions of dollars of Google (GOOG) chips starting in 2027. The move would position Alphabet as a direct challenger in the data center processor market that Nvidia currently leads. Meta is considering using Google’s tensor processing units (TPUs) in its own data centers and may also rent Google Cloud chips as early as next year, Reuters reported. The shift would end Google’s long practice of keeping TPUs inside its ...

Core Viewpoint - Defiance ETFs has launched the Defiance Daily Target 2X Short AMD ETF (DAMD), which aims to provide investors with a tool to express short-term bearish views on Advanced Micro Devices, Inc. (AMD) by delivering -200% of the daily percentage change in AMD's share price [1][2]. Group 1: Investment Objective - The DAMD ETF seeks daily inverse investment results of -200% of the daily percentage change in AMD's share price, focusing solely on single trading days [2]. - The fund is designed for sophisticated traders who understand the risks associated with leveraged investments and are willing to actively manage their portfolios [5]. Group 2: Underlying Stock - Advanced Micro Devices, Inc. (AMD) is a leading global semiconductor company that develops high-performance computing and visualization products for various markets, including data centers, gaming, and embedded systems [3]. - AMD plays a significant role in the artificial intelligence and cloud computing sectors, with its products powering a wide range of devices globally [3]. Group 3: Fund Characteristics - An investment in DAMD does not equate to an investment in AMD itself, and investors will not have any rights related to AMD shares [4][9]. - The fund's performance is subject to risks associated with leverage, including the potential for significant losses if AMD's share price increases [5][10].

Core Viewpoint - Defiance ETFs has launched the Defiance Daily Target 2X Short AMD ETF (Ticker: DAMD), which aims to provide investors with a tool to express short-term bearish views on Advanced Micro Devices, Inc. (AMD) by seeking to deliver -200% of the daily percentage change in AMD's share price [1][2]. Group 1: Investment Objective - The DAMD ETF seeks daily inverse investment results of -200% of the daily percentage change in AMD's share price, focusing solely on single trading days [2]. - The fund is designed for sophisticated traders who understand the risks associated with leveraged investments and are willing to actively monitor their portfolios [5]. Group 2: Underlying Stock - Advanced Micro Devices, Inc. (AMD) is a prominent global semiconductor company that develops high-performance computing and visualization products for various markets, including data centers, gaming, and embedded systems [3]. - AMD plays a significant role in the artificial intelligence and cloud computing sectors, with its products powering a wide range of devices globally [3]. Group 3: Fund Characteristics - An investment in DAMD does not equate to an investment in AMD itself, as the fund operates independently and does not provide shareholders with rights associated with AMD shares [4][9]. - The fund's performance is subject to risks associated with leverage, including the potential for significant losses if AMD's share price increases [5][10].

Core Insights - The article emphasizes that while major tech companies like OpenAI and Microsoft are often in the spotlight for AI advancements, significant profits are also being generated by companies that provide essential infrastructure for AI, such as Taiwan Semiconductor Manufacturing Company (TSMC) [1][2][13] Group 1: Importance of Infrastructure - The early internet era saw the rise of companies that provided foundational infrastructure, which parallels the current AI landscape where companies like TSMC are crucial for manufacturing the chips that power AI applications [2][4] - TSMC is highlighted as a critical player in the AI sector, manufacturing the chips necessary for AI models and applications [3][4] Group 2: TSMC's Market Position - TSMC's high-performance computing segment, closely tied to AI chips, has surpassed its smartphone segment for the first time, with AI "accelerator" revenue tripling last year and expected to double again by 2025 [6] - The company is forecasted to achieve mid-40% annual growth in its AI segment through 2029, indicating a strong demand trajectory [6][7] Group 3: Competitive Advantages - TSMC's unique combination of scale, advanced technology, and customer reliance makes it difficult for competitors to replicate its success [8][10] - The company is leading in chip production technology, already mass-producing 3-nanometre chips and preparing for 2-nanometre, while competitors lag behind [9] Group 4: Strategic Importance for Investors - The demand for AI is accelerating, positioning TSMC as a backbone business rather than a speculative investment, as major AI players depend on TSMC for hardware production [11][12] - The article suggests that the most durable returns in the AI sector may come from companies like TSMC that operate behind the scenes, providing essential infrastructure [13] Group 5: Investment Opportunities - For investors in Singapore, direct exposure to TSMC can be achieved through its American Depositary Receipts (ADRs) traded on the NYSE, or indirectly by investing in major customers like Nvidia and Apple [14][15]