Next week there are quite a few events scheduled that might cause some volatile days. For those with a weak heart I'd recommend to read the news and not look at your portfolio during the week. So a bunch of economic reports are coming up that could shape expectations as earnings season starts to pick up. In my view, $ASML and $TSM results are going to be especially interesting to watch. Together, they can give a pretty good read on semiconductor demand, AI infrastructure spending, and whether chipmakers are still willing to invest heavily in new capacity. So their results and guidance could potentially influence sentiment across many growth and AI-related names. At the same time, tensions between the US and Iran have flared up again. Anything happening around the Strait of Hormuz could move oil prices quickly, which in turn could affect inflation expectations and interest-rate outlooks. Here’s what I’ll be keeping an eye on: Tuesday • US CPI inflation • Federal Reserve Chair Kevin Warsh’s testimony before Congress • China trade data • Early US bank earnings Wednesday • US PPI inflation • Kevin Warsh’s second day of testimony • Empire State Manufacturing Survey • Bank of Canada interest-rate decision • China Q2 GDP • China industrial production • China retail sales • ASML earnings Thursday • US retail sales • Philadelphia Fed Manufacturing Survey • US pending home sales • Netflix earnings • Taiwan Semiconductor earnings Friday • US industrial production • Preliminary University of Michigan consumer sentiment Throughout the week • Oil prices and anything related to Iran and the Strait of Hormuz • ECB and Bank of England speakers • Bank earnings setting the tone for the broader earnings season Not every report is going to move the market, but with inflation data, central bank commentary, big semiconductor earnings, and geopolitical risks all in play, there’s definitely room for some volatility. The key question for me is whether any of this actually changes the long-term outlook for the companies I follow. I don’t expect it to change, but positive news could shorten the period for my plays. Copy Trading is not investment advice | Capital at risk | Past performance does not guarantee future results

ASMLTSM

1️⃣ 𝘛𝘩𝘦 𝘤𝘶𝘳𝘳𝘦𝘯𝘵 𝘴𝘵𝘢𝘵𝘦 𝘰𝘧 𝘈𝘐 🖥️ I think we’re still very early in the AI cycle. Most companies are currently focused on the first practical layer: using AI to write code, summarize information, create content, support customers, improve internal processes or connect agents to digital tools like email, chat, calendars, documents and dashboards. Working in software development myself, I can assure you that’s already a big shift. But to me, it still feels like the first chapter. The current AI wave is mostly about improving digital work. It helps people move faster, build faster and automate tasks that used to take a lot of manual effort. Coding agents and workflow agents are a good example of this, they’re already useful, but still not fully integrated in our day to day. On top of that, we’re talking about a digital world and that’s why I see this as the first layer. I see it as a technology that is moving very quickly from promise to practical use, but the bigger impact is still ahead of us. 2️⃣ 𝘞𝘩𝘢𝘵 𝘐 𝘵𝘩𝘪𝘯𝘬 𝘸𝘪𝘭𝘭 𝘣𝘦𝘤𝘰𝘮𝘦 𝘳𝘦𝘭𝘦𝘷𝘢𝘯𝘵? 🤖 The next major step, in my opinion, is AI moving from the digital world into the physical world. The information age turned human knowledge into machine-readable infrastructure. Digital agents can control digital things. They can work with software, messages, files, systems and workflows. But once AI connects to cameras, sensors, LiDAR, cars, drones, machines, factories and eventually humanoids, the impact becomes much bigger. At that point, AI is no longer just helping us think, write or automate. It starts to see, interpret and act in the real world. That’s why I’m looking beyond chatbots and software assistants. I think the future of AI will also be built through semiconductors, sensors, vision systems, robotics, automation, edge computing, energy infrastructure and industrial applications. Humanoids are one of the areas I’m especially excited about. They may still be early, and there will be a lot of hype, but the direction makes sense to me. The world is built for humans, so machines that can operate in human environments could become very valuable over time. The information age turned human knowledge into machine-readable infrastructure, AI is turning that infrastructure into machine-executable intelligence. 3️⃣ 𝘏𝘰𝘸 𝘸𝘪𝘭𝘭 𝘐 𝘪𝘯𝘤𝘰𝘳𝘱𝘰𝘳𝘢𝘵𝘦 𝘵𝘩𝘪𝘴 𝘷𝘪𝘴𝘪𝘰𝘯 𝘪𝘯 𝘰𝘶𝘳 𝘱𝘰𝘳𝘵𝘧𝘰𝘭𝘪𝘰? 🏆 There will be companies with great presentations but weak businesses, there will be overvalued stocks, there will be moments where the market gets too excited, and there will be corrections when expectations move faster than reality. So the way I want to incorporate this vision in our portfolio is by looking for companies that can benefit from this long-term shift. That means I’ll keep watching areas like chips, semiconductor equipment, data infrastructure, sensors, LiDAR, robotics, automation, energy and companies that can apply AI in the physical economy. This defines a clear segment I’ll be following, it marks my playing field where I can trade high risk assets and where time is our joker in case a trade goes south. I know this will not be a smooth ride, replacing humans with humanoids will receive a lot of pushback and requires lots of politics, but it’s only a matter of time. As always, I’ll try to balance conviction with risk management. The vision can be strong, but the portfolio still needs discipline. 𝘊𝘰𝘱𝘺 𝘛𝘳𝘢𝘥𝘪𝘯𝘨 𝘪𝘴 𝘯𝘰𝘵 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘢𝘥𝘷𝘪𝘤𝘦 | 𝘊𝘢𝘱𝘪𝘵𝘢𝘭 𝘢𝘵 𝘳𝘪𝘴𝘬 | 𝘗𝘢𝘴𝘵 𝘱𝘦𝘳𝘧𝘰𝘳𝘮𝘢𝘯𝘤𝘦 𝘥𝘰𝘦𝘴 𝘯𝘰𝘵 𝘨𝘶𝘢𝘳𝘢𝘯𝘵𝘦𝘦 𝘧𝘶𝘵𝘶𝘳𝘦 𝘳𝘦𝘴𝘶𝘭𝘵𝘴.

After the rough day last Friday, today the negative trend continues. I was already thinking 'Let's hope it doesn't continue next week...', unfortunately it seems that it will. Anyway, I think we're going on a rollercoaster, but this doesn't change the performance of the stocks we're holding. Think about the longterm, not the next few weeks. If you have some spare cash, make use of this moment and DCA week by week. If you don't have spare cash, sit tight and 𝘦𝘯𝘫𝘰𝘺 the ride.

This week I rotated some money in my portfolio looking for quick wins. The trades made sense, but timing was off. It's a reminder to focus on the long-term and not let short-term fluctuations sway our strategy. Growth and tech had a rough session, with sentiment shifting again as investors reacted to stronger jobs data, renewed rate concerns, and pressure in semiconductors. For a portfolio like mine, that hurts more visibly. Do I like seeing red after rotating capital? Of course not. But I’d rather be honest about it than pretend every decision lands perfectly. Fortunately my strategy isn’t built around calling every daily move correctly. It’s built around owning companies and sectors where I still see long-term potential, while managing risk and adjusting when the facts change. And even my short term trades are in sectors I see growing. Today wasn’t comfortable. Today wasn’t perfectly timed. The hard part is staying rational when the market makes you feel stupid for being early. Anyhow, I've increased our position in $SMR and $HSAI for the long term, some short term positions in $OUST and $AEVA and added a new company $SLDP. Have a nice weekend and let's be happy we still can enjoy a beer. 🍻 Copy Trading is not investment advice | Capital at risk | Past performance does not guarantee future results.

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SMRHSAIOUSTAEVASLDP

As mentioned last week, I’m working on an application based on eToro’s public API. The goal is to give more transparency around my portfolio and to present the data in a way that helps me make better decisions. One of the pages I’ve created is called Risk Insights. It visualizes several risk factors I’m trying to keep track of, and over time it should help me manage risk more actively. It also gives you a clearer view of what you’re actually copying when you copy my portfolio. Attached is a preview of what to expect. At the time of writing, the portfolio has a risk score of 6/10, with a daily drawdown of -7.78% and a weekly drawdown of -11.56%. That’s not comfortable, but the score alone doesn’t tell the full story. The profile volatility charts are especially interesting to me. I tried to visualize where eToro’s risk score may be coming from. I don’t know if it’s fully accurate, but the data seems to correlate quite well and gives me a useful visual overview of how my actions over the last 365 days have affected the portfolio. The Daily performance swings chart is probably one of the most useful ones if you want to understand what the risk score really means. Every portfolio moves up and down. The bigger the daily swings, the higher the risk. This chart shows that clearly. One day the portfolio can move up 5%, the next day it can move down 5%. If I want to reduce my risk score, I need to reduce the size and frequency of those fluctuations. But risk score doesn’t explain everything, especially when investing with a long-term view. That’s why I also added the pie charts. They show other risk factors that matter: portfolio concentration, asset allocation, currency exposure, geographic exposure, and sector exposure. I'm excited to launch my application, it will allow me to measure the performance of my strategy, guide me in my decision making and do it all transparently and open for you to see. Risk by choice, not by accident. Copy Trading is not investment advice | Capital at risk | Past performance does not guarantee future results.

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On Monday I wrote that this week could bring some much-needed relief after last week’s pressure, and that I was watching whether some of our short-term positions could reach their price targets. That’s exactly what happened! 🟢🥳 Several take-profit targets were hit this week, including $KLAR at +12.49% and multiple $OUST positions between +21.76% and +36.57%. I’m especially happy with how $OUST performed. LiDAR remains a volatile sector, but it’s also one of the areas where I still see strong long-term potential across autonomy, robotics, smart infrastructure and advanced mobility. As mentioned I'm rotating a part of the capital into $HSAI , another LiDAR name that has been on my tracking and wish list for a while. The potential US-Iran deal is still to be finalized and I still expect the markets to react once announced. Of course, that only matters if the deal actually holds, until then I see it as a positive trigger. I’m happy to have a decent cash position, ready to rotate and make some swings, when the next crisis starts! Next week I’ll give you some insights into my next long-term narrative and I’ve been working hard with the etoro API to generate some exciting metrics about my portfolio. Have a nice weekend! Copy Trading is not investment advice | Capital at risk | Past performance does not guarantee future results.

KLAROUSTHSAI

After last week’s 17% drop in $NIO, which in my view had no valid reason behind it, I’m definitely hoping for a more positive tone in the general markets. If sentiment improves, I believe we can recover part of that move in the short term. Looking at the futures, markets seem to be reacting positively to Trump’s comments suggesting that talks to end the conflict are moving in the right direction. The key point here is energy. If tensions ease and the Strait of Hormuz can reopen, pressure on oil prices should come down. That matters because lower oil prices can reduce inflation fears, support consumer spending, and give markets more confidence that the macro situation won’t deteriorate further. Beyond the markets, I’m also just hoping the world can slowly move back toward fewer wars and less fear. On the portfolio side, one of my short-term swing trades from last week closed after only three days with a 12.5% profit. I’ve rotated that capital into another LiDAR company: $HESAI. $HESAI has been on my tracking and wish list for a while. I’m considering growing this position because the company’s trajectory looks strong, and I believe we may be reaching a lower resistance/support area. My expectation is a bounce from here, potentially followed by a stronger move. Another thing I’ll be watching this week is $OUST. If the Iran situation improves and the broader market reacts positively, I think we could reach several of our price targets on $OUST. If that happens, I’ll park the profits from those trades and use them for new short-term swing opportunities while looking for new technologies or markets to enter. Today majority of the markets are closed, let's enjoy the sun and wait for tomorrow! Let’s see what this week brings. What do you think: relief rally, continuation, or another fake-out? Copy Trading is not investment advice | Capital at risk | Past performance does not guarantee future results.

NIOOUST

Today was a rough day for my portfolio, but in my view this looked more like an overcorrection than a normal healthy pullback. After the strong move we’ve seen recently in growth names, some profit-taking was expected. My portfolio has a strong focus on high-beta companies, so when market sentiment turns negative, the reaction is usually stronger than the broader market. That’s uncomfortable on days like this, but it’s also part of the strategy. For me, today’s weakness created two short-term swing opportunities: $KLAR and $OUST. Klarna has been on my watchlist since its IPO. More recently, it moved higher on my wish list because the valuation started to look attractive to me. I was already looking at it the day before the results and thought it looked like a bargain, but I didn’t take action. In hindsight, I regret that, but I'm excited to have entered now although as a short-term swing rather than a long-term conviction position for now. Ouster is a different type of swing. It’s already part of my portfolio story, and it remains one of the more volatile names. After the recent momentum, a pullback was possible, but I think today’s reaction went too far. That gave me a trigger to add a short-term swing position as well, will we have another TACO tomorrow? Either way my target price is set, only 8% to go before we take our 12.5%. These swings are part of my strategy, they’re short-term opportunities created by a day where overall market emotions take over faster than a change in the fundamentals. I enjoy doing the technical analysis for them, but I enjoy them even more when they are in companies I want to own. Copy Trading is not investment advice | Capital at risk | Past performance does not guarantee future results.

KLAR

At the time of writing, we’re up around 7.5% for the week, which is a very strong move in such a short period. Part of that came from $AEVA, where two of our price targets were reached. Those positions were closed with profits of 28.8% and 12.8%. Because of that, we now have a small cash buffer again. It’s still tiny, but it gives us a bit more flexibility if the market gives us a pullback. Premarket currently looks like it may become a profit-taking day. After a weekly move like this, that would be completely healthy. A 7.5% increase in one week is extreme, some cooling off is normal and probably even needed. The goal stays the same: stay patient, manage risk, and keep building around the long-term story. Copy Trading is not investment advice | Capital at risk | Past performance does not guarantee future results.

AEVA