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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%

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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Pinterest bets $4 billion on Amazon.

$PINS Pinterest has signed a five-year, $4 billion contract with $AMZN — the largest infrastructure commitment in the company’s history. Graviton and Trainium chips, a full bet on AI.

But the real story is with Amazon. Its chip business generates over $20 billion annually and is growing at triple-digit rates. Trainium2 offers a 30% better...
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Are you still buying more now despite the massive run-up of many AI companies, or are you hoarding cash for a time when it all crashes?

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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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 $40 billion through ongoing share sales in the market in the second...
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$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.