Numerous companies in my DIBS investment universe have suffered significant losses in recent days. This affects not only individual stocks but also large segments of the AI infrastructure.

Following an exceptionally strong price performance, high valuations are now being scrutinized more critically. The market is taking a much closer look at margins, order intake, and the actual implementation of investment plans. At the same time, additional factors such as increasing competition or short-term disappointments are weighing on individual companies.

This is not an unusual development. Similar phases have also occurred in previous technology cycles. Sharp price increases are often followed by a phase in which the market once again distinguishes more clearly between vision and operational execution.

That is precisely why, in such market phases, I make a conscious effort to take a step back and not overinterpret every price movement.

That’s why, in such situations, I make a conscious effort to look not only at stock prices but also at the underlying signals. In doing so, I currently see both reasons for caution and indications that make me optimistic in the long term.

🔴 Selected “weak signals” that I view critically:

• Harmonic Drive Systems
  $6324 (-9,62 %) shows that high demand alone isn’t enough. The discussion surrounding margins and valuation has made the market significantly more sensitive.
• SKF is intensifying competition in the robotics components sector through its acquisition of a Chinese precision robotics company. This could increase pressure on margins in the long term.
• Many companies continue to be valued at high multiples despite the correction. This leaves little room for operational disappointments.

🟢 Selected “Weak Signals” that make me optimistic:

• Micron $MU (-1,28 %), TSMC
  $TSM (-3,07 %) and ASML
  $ASML (-2,49 %) have recently presented quarterly results and outlooks that continue to point to robust demand for AI infrastructure.
• Micron
  $MU (-1,28 %) and Qualcomm
  $QCOM (+0,58 %) have signed a long-term supply agreement (LTA) for automotive AI. Such contracts provide planning certainty and suggest that key customers are planning their infrastructure beyond just the next few quarters.
• The hyperscalers continue to invest billions in expanding their data centers. The focus is increasingly shifting from announcements to the actual implementation of these projects.

None of these signals on its own proves a trend reversal. But taken together, they help me continuously reassess my investment theses.

For my DIBS strategy, this does not currently imply an automatic decision to buy or sell. What matters to me is not whether a stock falls 30 or 40 percent in the short term, but whether the underlying bottleneck thesis has changed.

That’s why I scrutinize my investment universe particularly closely during such market phases. Not every investment thesis will ultimately pan out. At the same time, however, I currently see no convincing evidence that the fundamental technological bottlenecks in the AI infrastructure sector have already been resolved.

I will therefore continue to closely monitor developments, remaining equally open to both positive and negative signals. For now, I am not making any adjustments to my portfolio.

P.S. The photo of the observer fits the post. I took it years ago in Bonn. The figure can be found tucked away on the banks of the Rhine.

#dibs
#scalelimits
#wikifolio

$ASML (-2,49 %)

Ahead of the earnings report on July 15.

On Monday, RBC Capital raised its price target for ASML Inc. (NASDAQ:ASML) from $1,700 to $2,000 and maintained its “Buy” rating.

The stock is currently trading at $1,726, up 115% over the past year. However, analyses suggest that the stock is overvalued relative to its estimated fair value.

The company stated that demand for EUV lasers has improved since the last quarterly report, but that near-term growth potential is expected to be limited given the long lead times.

RBC Capital expects a more significant improvement in EUV shipments by 2027, to nearly 90 units (excluding Alaska and Hawaii), up from over 80 previously.

The analyst cited robust investment in AI technologies, tight DRAM availability, and increasing competition among leading contract manufacturers as drivers of strong EUV demand.

EUV is becoming a bottleneck, and the company said it is unlikely that the supply situation will ease over the next two to three years.

RBC Capital highlighted the record profitability of ASML’s customers and stated that the market environment is ideal for price adjustments that could accelerate revenue and margin growth.

The firm is convinced that positive market trends in terms of unit volumes and product mix are sufficient to further boost the company’s above-average performance.

The analyst noted that a potential acquisition of Terafab could further improve the company’s future prospects. According to Tips, ASML remains a major player in the semiconductor and semiconductor equipment industries.

In other recent news, there has been significant activity related to ASML’s financial outlook and operational strategies.

Bernstein raised its price target for ASML to $2,623, citing increased demand driven by expansion in the field of artificial intelligence.

This has also led to higher revenue forecasts and expectations regarding the growth of EUV shipments in the coming years. Meanwhile, BofA Securities reaffirmed its “Buy” rating with a price target of $2,268and highlighted ASML’s forecast for 2030, which projects potential revenue of between 44 and 60 billion euros with gross margins of 56 to 60 percent.

Hello, community,

I hope you’ve all managed to “cool off” and get through the heat over the last few days/weeks 🥵

Today, I’d like to introduce you to another company from Japan.

Today’s focus is on Rorze Corp $6323

🦾 Rorze Corp: The Indispensable Robotic Hand of the Chip Boom

Rorze Corp isn’t a traditional semiconductor developer that designs complex circuits or builds machines that etch patterns onto silicon. It is the ultimate mechanical bottleneck in global chip production. While ASML $ASML (-2,49 %) builds the lithography giants, Rorze masters the delicate world of contamination-free transport. Rorze builds the high-precision handling robots that must move wafers in ultra-high vacuum and under extreme cleanroom conditions—a task where the slightest error can cost billions.

1. The Business Model: The “Toll Booth” in the Cleanroom 🎢

Rorze $6323 serves as an exclusive and mission-critical supplier to the world’s most valuable factories (TSMC $2330 , Intel $INTC (-2,38 %) , Samsung $005930 ) as well as for the leading (Applied Materials $AMAT (-6,64 %) , Lam Research $LRCX (-2,58 %) ).

The mechanism: When state-of-the-art semiconductors (3 nm and below) are produced, not a single speck of dust is allowed to touch the wafer. Rorze $6323 makes its money by developing and selling atmospheric and vacuum robotic systems that transfer the wafers back and forth between individual manufacturing steps in a contactless and sterile manner.

The ingenious part: Rorze $6323 has made itself indispensable. The major chip manufacturers physically cannot operate their multi-billion-dollar factories without integrating Rorze’s automation systems. Every new chip factory worldwide—whether in Arizona, Taiwan, or Dresden—means a large automatic order for Rorze.

Recurring Cash Flows: In addition to the pure sale of outrageously expensive robotic systems, there’s a high-margin service and spare parts business. Since the robots operate continuously under extreme conditions, maintenance is a reliable cash cow.

2. Key Figures (as of July 2026) 📊

Market capitalization: approx. 850 billion JPY (approx. 5.4 billion USD).

Stock price: Currently approx. 4,940 JPY (The stock is currently surging sharply after more than doubling from ~2,400 JPY since the beginning of the year).

P/E Ratio: approx. 42–45. Due to the recent surge in the order book and the market’s revaluation, the stock is no longer a bargain, but it does reflect its massive growth potential.

Return on Equity (ROE): Outstanding ~25–28%. For a capital-intensive mechanical engineering company, this level of efficiency is absolutely staggering.

Debt: Extremely solid balance sheet. High net cash reserves protect the operating business from interest rate risks.

3. Why is this stock exciting? 🚀

✅1. An explosive surge in orders wipes out the “profit warning”: In April 2026, Rorze $6323 reportedly posted a slight decline in earnings for the past fiscal year—triggered by one-time costs related to a U.S. lawsuit and high upfront investments in its subsidiary Nanoverse. The market, however, looked deeper and saw record order intake in the fourth quarter and a forecast of 46% profit growth for the coming year. The stock subsequently shot up to the daily limit.

✅2. The Advanced Packaging Lever: Due to the AI boom, memory chips (HBM) must be stacked in extremely complex configurations. Rorzes’ U.S. subsidiary Nanoverse is developing next-gen equipment specifically for this purpose. Rorze is evolving from a mere “wafer pusher” into a key player in physical AI infrastructure.

✅3. Geopolitical tailwind: The U.S. 🇺🇸, Europe 🇪🇺, and 🇯🇵 are subsidizing the construction of local semiconductor factories with hundreds of billions. Who equips these factories is irrelevant—Rorze’s robots are needed in nearly every one of them. They win, no matter which chip manufacturer comes out on top.

✅4. A unique competitive moat through cleanroom validation: Chip manufacturers are extremely risk-averse. Once a Rorze robot is certified and validated for a TSMC production line, it’s never replaced—out of fear of production downtime. The barriers to switching are astronomical.

✅5. Index knighthood: Rorze $6323 was recently included in the prestigious JPX Prime 150 Index . This continuously attracts fresh institutional ETF and fund money to the stock.

5. Risks ⚠️

❗️Extreme dependence on the semiconductor cycle: If the tech world were to slip into a deep recession and the tech giants were to freeze their new factory construction (Capex), Rorze—as a cyclical equipment supplier—would feel the impact with a time lag, but it would hit hard.

❗️The competition never sleeps: Players such as Daifuku $6383 (-3,42 %) or Brooks Automation are also making inroads into the field of factory automation. Rorze must absolutely maintain its technological lead in the vacuum sector.

❗️Investment Rating: With a P/E ratio above 40, the potential for an earnings surge over the next 12–24 months is already largely priced in. Setbacks in the volatile semiconductor market are possible at any time.

6. Personal Conclusion & Reaper Bonus 🧐

Rorze Corp $6323 is the ultimate “shovel stock” for the global semiconductor and AI frenzy. They don’t build chips; they make production possible in the first place. Following the explosion in order volume in the summer of 2026, the market has finally realized what a gem has been lying dormant here in the Japanese small/mid-cap sector. It’s on my watch list 👀

💀Jack’s Verdict:
"If ASML builds the priceless high-tech camera for a Hollywood blockbuster, Rorze supplies the indispensable tripod: Without its vacuum robots, the entire chip production process would be thrown off balance. The market has underestimated this unassuming monopolist for years, which is why the stock is now delivering its well-deserved payoff at 4,940 JPY. Don’t be put off by the seemingly high P/E ratio of 42—as soon as the latest record orders are fully reflected in the income statement and the projected profit growth of nearly 50 percent kicks in, the valuation will shrink rapidly. Those who missed the entry point should lie in wait for the next collective semiconductor hiccup, pick up shares on the pullback, and let the robots in the cleanroom work for them."

Reaper Rating: 🔥 BUY ON DIPS (Fundamentals are extremely strong, but the chart has become overheated after the stock doubled in price).

Reaper Score:
8/10 (Quality anchor 8–9. The fundamental monopoly position deserves a 9, but the current valuation pushes the score down slightly to a well-deserved 8)

I’m curious to hear your thoughts🙇‍♂️

@Get_Rich_Or_Die_Tryin @Tenbagger2024
@PikaPika0105
@Raketentoni
@Multibagger
@schlimmschlimm
@Stocktective
@Dividendenopi and, of course, everyone else ✌️

Dear Community,

To kick off the week, I’d like to introduce you to my “Pick-and-Shovel” wikifolio “Euro AI Backbone” (in German: Backbone). More detailed information will follow; for now, this is just a rough overview.

_________________________

Background

The market’s focus is primarily on the U.S., while Europe often plays a more subordinate role. Yet recent years in particular have made it clear just how dependent Europe is on other countries such as the U.S., Russia, and China.

By the time the “Orange Man” began his second term, it had become clear:

Europe must become more independent —not only in the field of defense but also in the field of AI.

For nearly five years, Goldman Sachs has maintained an index called “EU AI Capex,” which consists of 64 European stocks. This served as the blueprint for my wikifolio.

The wikifolio was launched on June 18, 2026. For the wikifolio to receive “Investable” status, it needs, among other things, 10 bookmarks. So I’d really appreciate it if you could click “Add to Watchlist” on the wikifolio—thanks in advance.

_________________________

The “Pick-and-Shovel” Approach

The wikifolio aims to cover as much of the value chain for operating modern artificial intelligence as possible.

The focus here is primarily on five areas:

• The Shovels: Semiconductors and machinery (e.g., lithography systems, wafer deposition, chip assembly)
• The Gas: Electricity and energy generation (e.g., wind power, hydroelectric power, solar power plants)
• Highways: Networks and cables (e.g., transformers, high-voltage undersea cables, power grid infrastructure, transmission lines)
• The brain: Automation and data center cooling (e.g., liquid cooling, power distribution cabinets, data networks, control systems)
• The Physical Foundation: Construction, emergency power, and security (e.g., construction of the facilities, emergency power generators, cybersecurity)

_________________________

Investment Universe

The portfolio includes European large-, mid-, and small-cap stocks.

Focus: Technology (semiconductor equipment), utilities (electricity, grids), and industrials (automation, specialty cables, data center construction, cybersecurity).

The Core: European market leaders with global monopolies and competitive moats.

The Tech Specialists: Profitable second-tier suppliers as yield boosters.

The foundation: Energy producers, grid operators, and construction specialists for stable cash flows and risk hedging.

Regular rebalancing, which typically takes place at the beginning of each month, prevents concentration risk. While the foundation remains unchanged, the weightings of individual securities may be adjusted. The replacement of individual stocks, the addition of new stocks, or the exclusion of individual stocks can also take place at the beginning of the month.

Initially, the portfolio consists of 37 stocks. There is no cash reserve.

The current allocation of holdings is as follows:

By sector:

• Industrial: 44%
• Utilities: 29%
• Technology: 26%
• Consumer Discretionary: 1%

By country:

• Germany: 24%
• United Kingdom: 14%
• Switzerland: 13%
• Netherlands: 12%
• France: 12%
• Spain: 10%
• Italy: 9%
• Denmark: 2%
• Finland: 2%
• Austria: 2%

Investments are made exclusively in European stocks. None ETFs, no investment certificates, no funds, no leveraged products.

_________________________

Initial Holdings

At the start, the portfolio comprises the following 37 securities, sorted by their current weighting:

Infineon $IFX (-0,2 %) , ASML Holding $ASML (-2,49 %) , Siemens $SIE (-1,71 %) , Enel $ENEL (+2,07 %) , Rolls-Royce $RR. (-0,99 %) , Schneider Electric $SU (+0,01 %) , Iberdrola $IBE (+1,82 %) , ABB $ABBN (+1,69 %) , VAT Group $VACN (-3,3 %) , Siemens Energy $ENR (+0,93 %) , Prysmian $PRY (-3,18 %) , ASM International $ASM (-2,58 %) , BE Semiconductor Industries $BESI (-3,28 %) , STMicroelectronics $STM (-0,91 %) , RWE $RWE (+0,41 %) , E.ON $EOAN (+1,48 %) , Legrand $LR (-1 %) , National Grid $NG. (+1,77 %) , Nokia $NOKIA (-2,22 %) , SSE $SSE (+1,73 %) , EDP Renovaveis $EDPR (+0,22 %) , Hochtief $HOT (-1,54 %) , Red Eléctrica de España $RED (+1,76 %) , Nexans $NEX (+1,35 %) , United Utilities $UUGRY (+1,26 %) , Enagas $ENG (+1,97 %) , Centric $CENTR , Spirax-Sarco Engineering $SPX (-0,3 %) , Soitex $SOI (-0,72 %) , Geberit $GEBN (+0,6 %) , Aixtron $AIXA (-0,85 %) , Orsted $ORSTED (+1,21 %) , Verbund $VER (-0,09 %) , SAFRAN $SAF (+0,43 %) , Thales $THALES (+0,42 %) , NKT $NKT (-0,53 %) , Andritz $ANDR (-0,34 %)

_________________________

Holding Period

Since infrastructure development is likely to continue for several more years, the holding period is clearly geared toward the long term. Short-term trading is avoided.

_________________________

Sources of Information

The following sources of information are primarily used to identify stocks:

Companies’ quarterly reports and financial statements.

Analyst reports and industry studies from global investment banks.

Business media and financial publications.

_________________________

I’m curious to see how the portfolio will perform over the long term. Monthly updates will keep you informed.

Hier geht es zum Euro AI Backbone-wikifolio