Tag

#follow-up

May 1, 2026

5 Weeks Later: The HBM Supercycle Reality Check

Five weeks after the original HBM supercycle thesis: 9 of 11 monitoring triggers fired bull, most by 3-4× the threshold. Microsoft attributed $25B of capex hike to memory inflation. Samsung memory profit +50× QoQ. Why I'm more nervous, not less — and updated stop-losses for all 10 stocks.