The semiconductor sector completely crashed on Friday, but the Dow rose. Overall, the number of increases was about the same as the number of individual stocks falling. There was no panic in the market; it was just focused on semiconductors and big technology. The reason is simple. The demon stock SMCI announced financial results on 4/30, but did not give the same performance forecast as in the past. The other is that SoftBank holds 90% of ARM. Since SoftBank has already mortgaged most of ARM, once ARM's stock price falls, it is very likely to cause SoftBank to sell ARM to recover funds; SMCI's performance mainly comes from Nvidia, so Nvidia has also been questioned. Since there are too many semiconductors, it has caused a stomping phenomenon, which can be said to be a blood crash. Now we can only wait until the line improves before considering entering the semiconductor market. Next week's big tech earnings report will be another bloody storm.

This week, we bought back some NVDL and opened a position on AMD (because AMD launched the Mi300, which is comparable to the H100 or even the H200, and I personally think AMD's financial report is more likely to be surprised), and opened positions in energy and gold. Next, the AI sector should be in a phase of sideways fluctuation. If the market does not fall, capital will flow to make up for the increase. Profits have declined sharply as a result of a mistake in the operation of cyclical rights. It's definitely uncomfortable. It's really difficult not to take emotions into the deal. The weekend restarts next week~

I haven't shared it for a few days. After clearing NVDL and other pullbacks, I bought Google's Long Call. This week, I mainly participated in DJT's sell put. I found that when the volatility is high, the sell put is basically steady and profitable, because the volatility doesn't stay high forever and we make money even if the stock price falls, so this strategy is still quite steady. Looking back at this quarter, I made a lot of money, but I also lost a lot. After learning a lot of strategies and doing a lot of short-term practical battles, I discovered that offense was not the most important thing; defense was the only one. The most important thing a mature trader needs to master is the ability to control the withdrawal of funds. I am no longer looking for multiple increases in a year, but instead rely on my accumulated data and practical experience to make every decision to achieve long-term relatively stable compound interest to complete capital accumulation.

Today, the Federal Reserve confirmed three interest rate cuts, and the bitmap has not changed. Powell's speech was more like cutting interest rates to downplay the recent recovery in inflation. After all, it's an election year, and no one dares to mess around. To sum it up, stock holdings are waiting to rise (small positions are in MU at the end of today, the financial report is good 😁)

Yesterday at Nvidia's GTC, the overall feeling was that Nvidia strengthened the moat, but there was no mention of Blackwell's price or potential customer needs, so it was impossible to evaluate sales in 2025. I personally decided to continue holding Nvidia and continue to increase my NVDL position today. The semiconductor companies will be divided. Tomorrow's Federal Reserve meeting will mainly look at whether the bitmap has changed.

There hasn't been much operation in the past two days. The chip stock IV has sold NVDL's call and put to earn some premium. I feel that most of the fluctuations on tomorrow's 4th day have been reflected in today's stock prices. I have 40% of NVDL and 10% SMCI in my hands, waiting for next week's GTC conference.

Today's CPI slightly exceeded expectations. However, yesterday's Oracle earnings report specifically mentioned that AI base stations are completely in short supply, indicating that AI hotspots are still fermenting. MU's Call opened an intraday position, and there weren't many other operations. SMCI and Nvidia Flying Knife, which crashed in the middle of the mountainside last Friday, unexpectedly made profits today. It can be seen that semiconductors are strong.