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This is a pie where I regularly add some extra Czech crowns.

Allocation:

Defense 5%

FTSE Developed Europe 10%

MSCI Emerging Markets 10%

Semiconductors 10%

S&P 500 65%

Alphabet $GOOG is going completely “all‑in” on AI, and it’s clear that even internal cash flow isn’t enough anymore. The company announced a plan to raise $80 billion of new capital, of which $30 billion via a traditional public offering (a combination of shares and mandatory convertible preferreds) and another $40 billion through ongoing share sales in the market in the second...
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Microsoft $MSFT pushes its "long game" in quantum: it announced a new chip Majorana 2, which was designed with the help of AI and on which it aims to have a commercially usable quantum computer by 2029. The chip uses, instead of common aluminum, unconventional lead-based superconducting materials that Microsoft selected using its own AI tools for materials research and with...
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Broadcom $AVGO ran into the classic problem of "expectations that were too high." The numbers on paper looked good - revenue of $22.19 billion slightly above consensus, earnings per share of $2.44 above estimates, and revenue guidance for the next quarter even higher than the market expected - but the key was in the AI-related details.

Investors had set the bar for AI chips...
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$TSM at a new high!

The company without which today’s most advanced chips simply wouldn’t exist has, for the first time in its history, surpassed the $440 per-share mark. No wonder—the stock is up more than 6% today.

Portfolio Spotlight: May 2026

May continued the positive sentiment that returned to the markets after the spring correction. Investors remained focused primarily on AI, technology and growth companies, while concerns about inflation, interest rates and geopolitical tensions temporarily receded into the background. The S&P 500 index continued to rise and further improved its...
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