Sold all of my AMD shares because I think that my portfolio is too much tech concentrated. Will reinvest in $IAUM and $WSML (+0,35 %)
Discussion sur AMD
Postes
410
2J·
AMD long - >200$ again by mid 2026 at the latest
3Mo·
My analysis of Advanced Micro Devices and why AMD could be a top stock in 2025
- AMD's share price has recently fallen below USD 120 and has an attractive risk profile despite the negative investor sentiment.
- AMD's data center segment shows promising growth potential with the MI300X chip, enabling it to compete with Nvidia's dominance in the AI GPU market.
- AMD's valuation of 24.4 P/E offers a 22% discount to Nvidia, making it an attractive buy ahead of a potential recovery.
- AMD's upcoming AI accelerators and emerging data center business could significantly boost sales, gross profit and free cash flow in fiscal 2025.
Introduction:
Shares of AMD have disappointed massively since the semiconductor company announced results for its third fiscal quarter in October.
Although AMD reported a year-over-year doubling in revenue for its Data Center segment in the September quarter, a relatively modest revenue forecast for the fourth fiscal quarter has created a significant negative sentiment. It didn't help that Micron Technology recently forecast weaker-than-expected sales for the current fiscal quarter, which further increased downward pressure on semiconductor company valuations. However, with AMD shares recently falling below USD 120, I believe the risk profile here is very attractive.
Latest news and figures:
Product innovations:
AMD has introduced the "Zen 5" Ryzen processors that enhance AI capabilities in PCs, with significant improvements in AI processing power, efficiency and system performance
Strategic moves:
Tim Keating has joined AMD as Senior Vice President, Government Relations and Regulatory Affairs, positioning the company to strengthen its advocacy and regulatory engagement efforts
Market Positioning:
Despite a slight decline last week, AMD's strategic partnerships, particularly in the supply of chips for autonomous vehicles, demonstrate its strong commitment to high-growth sectors.
Current share price: $125.19
52-week range: $117.90 - $227.30
Market capitalization: 203 billion USD
Valuation and performance ratios:
P/E ratio 111.2
Forward P/E 24.4
EPS growth (YTD) 25.7%
Sales growth next year 26.9%
Analyst insights and ratings
Analysts remain very positive on AMD's growth trajectory, underpinned by recent product launches and innovations:
Consensus rating: 🌟🌟🌟🌟🌟 strong buy
Average target price: $188.67
Yield potential: 50-70%
Outlook:
Technological advances:
The introduction of Ryzen AI 300 series processors is expected to significantly enhance computing experiences with advanced AI capabilities. This is seen as a key development that could expand AMD's market share in AI-infused computing.
Market Performance:
AMD stock has experienced a downward trend in its annual performance despite a positive return over five years, reflecting the volatile nature of the technology sector and its sensitivity to broader market shifts.
My valuation and assessment
I rated AMD shares as a strong buy after the company reported its fiscal third quarter earnings statement, due to a promising product pipeline related to AI accelerators. In addition, AMD has seen very impressive momentum in its data center business, which I don't think is properly appreciated by investors, with the company now generating more than half of its total revenue from data centers. With AMD set to ramp its MI300X Instinct chip shipments in the fourth quarter and fiscal 2025, AMD has significant potential to catch up to Nvidia, which has outpaced the company in the data center market over the past two years. Above all, AMD's valuation makes no sense to me and I believe the risk profile is currently extremely attractive.
Data center revenue growth is far from being reflected in AMD's valuation
AMD has long lagged behind Nvidia, but has recently pulled itself together and launched its own AI accelerator for data centers called MI300X. This AI accelerator offers data center operators an alternative to Nvidia's H100 chip, and given Nvdia's current supply constraints, the outlook for MI300X shipments is extremely positive.
While Nvidia has already seen a massive increase in its revenue, gross profits and earnings due to the success of the H100 chip in the data center segment, Nvidia still has a distinct advantage over AMD in that it generates a much higher proportion of its total revenue from its booming data center business: Last quarter, data centers were responsible for 88% of consolidated revenue, compared to just 52% for AMD. However, AMD's share of data center revenue has steadily increased over the past year, nearly doubling year-over-year, suggesting that AMD will also see an acceleration in its consolidated revenue if this current momentum continues.
AMD has a well-stocked product pipeline and plans to release new AI accelerators - MI325X and MI350 series AI accelerators - in FY2025, which are expected to boost the company's revenue growth. With AMD now generating more than half of its total revenue from data centers (compared to only about a quarter in the third quarter of 2023), accelerating data center revenue growth should also significantly boost AMD's consolidated revenue growth, gross profits and free cash flows.
In terms of gross profit, Nvidia is still significantly more profitable than AMD, but AMD's gross profit trend is also showing signs of improvement ... which is directly related to the company's success in the data center market. AMD may have even more potential to increase its gross profit margins when higher-priced next-generation AI accelerators like the MI325X hit the market next year.
Nvidia's free cash flow increased by 138% last quarter, while AMD's free cash flow increased by 67%. Nvidia is therefore increasing this important key figure twice as fast as AMD. However, AMD has the potential to catch up with Nvidia as its data center business only picked up speed in Q2 and Q3 2024. While AMD has lagged well behind Nvidia in the data center business, AMD's MI300X shipment growth in fiscal 2025 could make a big difference for the semiconductor company.
AMD's valuation makes no sense
In addition to a promising product pipeline in terms of the MI300, MI325 and MI350 AI accelerators, I believe that AMD's valuation itself now represents a small competitive advantage over Nvidia.
Nvidia is still the most highly valued semiconductor company on the market with a price-to-earnings ratio of 31.5. AMD, on the other hand, is currently valued at a P/E ratio of 24.4, which is a 24% discount to AMD's longer-term 3-year average P/E and a 22% discount to Nvidia's valuation. About three months ago, Nvidia and AMD were trading at about the same earnings multiple. However, Nvidia has a very strong investor base, which is why I believe that investors should also take advantage of the opportunity here and buy on the downside.
AMD's Q4 2024 guidance disappointed investors - the chip company forecast revenue of $7.5bn +/- $300m, compared to expectations of $7.6bn - leading to negative sentiment that I don't think is really justified. First, AMD's forecast miss was only minor ($7.5B midpoint vs. $7.6B expected) and second, AMD's Data Center segment has already seen a significant uptick in revenue directly related to the release of the MI300X Instinct chips.
In my last analysis on AMD, I indicated that I see a fair value for AMD shares in the range of $216-252 per share, based on a fair P/E of 36 and an estimated earnings range of $6-7 per share for fiscal 2025. I confirm my expectations and remain more optimistic than the market, which currently only expects earnings of $5.10 per share for next year. I am much more bullish on AMD as the semiconductor company is seeing significant growth in the data center space and shipments for AI accelerators are increasing, especially in the first half of 2025. I believe the market may be a bit too conservative with its estimates. Given the underlying drivers of AMD's business and proven execution in fiscal 2024, I do not believe AMD's low P/E ratio is justified.
Risks for AMD
AMD lags far behind Nvidia in terms of gross profit and even free cash flow margins. However, Nvidia's revenue growth related to a new line of AI chips in the data center market is very promising. However, there are still a lot of risks for AMD, including that Nvidia still very much dominates the AI GPU market. Although AMD could benefit from Nvidia's Blackwell shortage, AMD still needs to improve core metrics like free cash flow and gross profit margins... which I think is necessary to justify a re-rating to a higher P/E. What would change my opinion of AMD would be if the company experienced slowing growth in the data center market or failed to increase its MI300X shipments in fiscal 2025.
Bottom line:
AMD is more than just a Christmas present at its current price and valuation. The semiconductor company is on the verge of a significant increase in data center revenue, which should simultaneously boost AMD's gross profits and free cash flows in fiscal 2025. AMD's product pipeline may be in the best shape in years, especially with regard to the company's AI accelerators for data center operations, and I believe AMD has a strong valuation advantage over Nvidia here.
Although Nvidia's shares have also consolidated recently, AMD's shares are now a solid 22% cheaper from a price-to-earnings perspective, potentially allowing investors to buy AMD ahead of a rally to the upside in 2025. AMD has several catalysts in its business, most notably the launch of next-generation AI accelerators in fiscal 2025, which could accelerate AMD's data center-driven revenue growth.
Sources:
https://www.cmcmarkets.com/en/optox/amd-stock-vs-nvda-stock-whos-winning-the-chip-race
https://seekingalpha.com/article/4746348-amd-the-valuation-makes-no-sense
55
24 Commentaires
Good luck to you. The fate of your license will be decided by Thursday at the latest.
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66
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3J·
Megatrend robotics, freshly updated, added value guaranteed!
After my first post on humanoid robots received a lot of positive feedback, I went into more detail. I have subsequently added my favorites in each sector.
Extended analysis of the value chain including shovel manufacturers and potential hidden champions
New categorySecondary key sectors (sales, marketing, financing)
In additionTop 25 companies worldwide, as well as Top 10 Europe and Top 10 Asia
I have also added a video link for beginners. This will give you an idea of how far the development of humanoid robotics has already progressed.
Thank you for your attention and your support 🙏
🌐 1. value chain of humanoid robots (with hidden champions)
1. research & chip design
$ARM (+2,09 %) ARM (UK) - CPU-IP, energy-efficient processors
$SNPS (+1,12 %) Synopsys (US) - EDA software, chip design
$CDNS (+1,41 %) Cadence (US) - EDA & Simulation
$PTC PTC (US) - Engineering Software, CAD/PLM
$DSY (+0,75 %) Dassault Systèmes (FR) - 3D Design & Digital Twin
$SIE (+1,92 %) Siemens (DE) - Industrial Software & Lifecycle Mgmt
$ADBE (-1,02 %) Adobe (US) - Design, AR/UX
ANSYS (US) - multiphysical simulation - acquisition by Synopsis
Altair (US) - CAE, simulation, digital twin - acquisition by Siemens
$HXGBY (+1,6 %)
Hexagon (SE) - Metrology & Simulation
$AWE (-1,53 %) Alphawave IP Group (UK) - High-speed chip IP for AI/robotics
1.Synopsis, 2.Siemens and 3.Adobe are my top 3 in this sector
2. manufacturing technology & equipment
$ASML (-0,82 %) ASML (NL) - Lithography (EUV)
$AMAT (+0,94 %) Applied Materials (US) - Semiconductor equipment
$8035 (+1,34 %) Tokyo Electron (JP) - wafer fabrication
$KEYS (+0,21 %) Keysight Technologies (US) - Metrology
$6857 (+2,3 %) Advantest (JP) - Chip test systems
$TER (+0,79 %) Teradyne (US) - test systems + cobots
$6954 (-0,88 %) Fanuc (JP) - Industrial robots, CNC
$CAT (-0,27 %) Caterpillar (US) - autonomous machines
$KU2G KUKA (DE) - industrial robots
Comau (IT) - automation - not listed on the stock exchange
$ROK Rockwell Automation (US) - industrial automation
$JBL (+1,16 %) Jabil (US) - contract manufacturing (EMS/ODM)
$KIT (+1,48 %) Kitron (NO) - European EMS/ODM manufacturer
$AIXA (+0,02 %) Aixtron (DE) - deposition equipment for compound semiconductors
$LRCX (+0,23 %)
Lam Research (US) - Etch/deposition systems
$MKSI (+0,79 %)
MKS Instruments (US) - Plasma/vacuum technology
$ASM (+3,66 %)
ASM International (NL) - Deposition systems
1.ASML, 2.Keysight Technologies, 3.Fanuc are my top 3 in this sector
3. chip manufacturing (foundries)
$TSM (+1,11 %) TSMC (TW) - leading foundry
$005930 Samsung Electronics (KR) - foundry + memory
$GFS (-1,08 %) GlobalFoundries (US) - specialty chips
$INTC (+0,05 %)
Intel Foundry Services (US) - new western foundry player
$981
SMIC (CN) - largest Chinese foundry
$UMC
UMC (TW) - Power/RF/Embedded chips
1.TSMC, 2.Intel, 3.Samsung Electronics are my top 3 in this sector
4. computing & control unit ("brain")
$NVDA (+2,16 %) Nvidia (US) - GPUs, AI chips
$INTC (+0,05 %) Intel (US) - CPUs, FPGAs
$AMD (+2,53 %) AMD (US) - CPUs, GPUs
$MRVL (+4,62 %) Marvell (US) - network chips
$MU (+4,5 %) Micron (US) - Memory
$DELL (+1,9 %) Dell Technologies (US) - Edge & Infrastructure
Graphcore (UK) - AI chips (IPU) - not a listed company
Cerebras (US) - Wafer-scale engine - not a listed company
SiPearl (FR) - European HPC chip - not a listed company
1.Nvidia, 2.Marvell, 3.Micron are my top 3 in this sector
5. sensors ("senses")
$6758 (+0,92 %) Sony (JP) - image sensors
$6861 (+0,66 %) Keyence (JP) - Industrial sensors
$STM (+1,28 %) STMicroelectronics (FR/IT) - Sensors, MCUs
$TDY Teledyne (US) - optical/infrared sensors
$CGNX (-0,22 %) Cognex (US) - Machine Vision
$HON (-0,48 %) Honeywell (US) - sensor technology, security
ANYbotics (CH) - autonomous sensor fusion - not a listed company
$OUST
Velodyne Lidar (US) - Lidar sensors - takeover by Ouster
$AMS (+0,47 %)
-OSRAM (AT/DE) - optical sensors
1.Teledyne, 2.Keyence, 3.Ouster are my top 3 in this sector
6. actuators & power electronics ("muscles")
$IFX (+1,48 %) Infineon (DE) - Power Electronics
$ON (-1,08 %) onsemi (US) - Power & Sensors
$TXN (-0,52 %) Texas Instruments (US) - Mixed-Signal Chips
$ADI (-0,5 %) Analog Devices (US) - Signal Processing
$PH Parker-Hannifin (US) - Hydraulics/Pneumatics
$MP (+3,29 %) MP Materials (US) - Magnets
$APH (+1,04 %) Amphenol (US) - Connectors
$6481 (+0,43 %) THK (JP) - Linear guides & actuators
$6324 (-4,4 %)
Harmonic Drive (JP) - Precision gears & servo drives for robotics
$6594 (+0,05 %)
Nidec (JP) - Electric motors
$6506 (-0,01 %)
Yaskawa (JP) - Drives & Robotics
$SU (+1,89 %)
Schneider Electric (FR) - Energy & control solutions
$ZIL2 (+0,21 %)
ElringKlinger (DE) - Battery & fuel cell technology, lightweight construction
1.Parker-Hannifin, 2.MP Materials, 3.Infinion are my top 3 in this sector
7. communication & networking ("nerves")
$QCOM (+0,12 %) Qualcomm (US) - mobile communications, edge AI
$ANET (+3,72 %) Arista Networks (US) - Networks
$CSCO (+0,99 %) Cisco (US) - Networks, Security
$EQIX (-0,68 %) Equinix (US) - Data centers
NTT Docomo (JP) - 5G/6G carrier - not a listed company
$VZ Verizon (US) - Telecommunications
$SFTBY SoftBank (JP) - Carrier + Robotics
$ERIC B (-0,26 %)
Ericsson (SE) - 5G/IoT infrastructure
$NOKIA (-0,22 %)
Nokia (FI) - 5G/6G for industry
$HPE (+2,5 %)
Juniper Networks (US) - Network technology - acquisition by HP
1.Arista Networks, 2.SoftBank, 3.Cisco are my top 3 in this sector
8. energy supply
$3750 (-1,54 %) CATL (CN) - Batteries
$6752 (-0,85 %) Panasonic (JP) - Batteries
$373220 LG Energy (KR) - Batteries
$ALB (-3,42 %) Albemarle (US) - Lithium
$LYC (-0,67 %) Lynas (AU) - Rare earths
$UMICY (-1,23 %) Umicore (BE) - recycling
WiTricity (US) - inductive charging - not a listed company
$ABBN (+0,35 %) Charging (CH) - charging infrastructure
$SLDP
Solid Power (US) - Solid state batteries
Northvolt (SE) - European batteries - not a listed company
$PLUG
Plug Power (US) - fuel cells
1.Albemarle, 2.CATL, 3.Panasonic are my top 3 in this sector
9. cloud & infrastructure
$AMZN (+0,98 %) Amazon AWS (US) - Cloud, AI
$MSFT (+0,22 %) Microsoft Azure (US) - Cloud, AI
$GOOG (+1,81 %) Alphabet Google Cloud (US) - Cloud, ML
$VRT
Vertiv Holdings (US) - Data center infrastructure (UPS, cooling, edge)
$ORCL (+2,31 %)
Oracle Cloud (US) - ERP + Cloud
$IBM (-0,07 %)
IBM Cloud (US) - Hybrid cloud + AI
$OVH (+0,34 %)
OVHcloud (FR) - European cloud
1.Alphabet, 2.Microsoft, 3.Oracle are my top 3 in this sector
10. software & data platforms
$PLTR (+1,07 %) Palantir (US) - Data integration
$DDOG (+4,93 %) Datadog (US) - Monitoring
$SNOW (+8,23 %) Snowflake (US) - Data Cloud
$ORCL (+2,31 %) Oracle (US) - Databases, ERP
$SAP (-0,01 %) SAP (DE) - ERP systems
$SPGI (-0,91 %) S&P Global (US) - financial/market data
ROS2 Foundation - robotics middleware - not listed on the stock exchange
$NVDA (+2,16 %) NVIDIA Isaac (US) - robotics development - part of Nvidia
$INOD (+1,67 %) Innodata (US) - data annotation & AI training data
$PATH (+1,46 %)
UiPath (RO/US) - Robotic process automation
$AI (+1,4 %)
C3.ai (US) - AI platform
$ESTC (+2,17 %)
(NL/US) - Search & data analysis
1.S&P Global, 2.Palantir, 3.Datadog are my top 3 in this sector
11. end applications / robots
$ABB ABB (CH/SE) - Industrial Robots
$6954 (-0,88 %) Fanuc (JP) - Industrial robots
$TSLA (-0,88 %) Tesla Optimus (US) - humanoid robot
$9618 (-1,79 %) JD.com (CN) - logistics robot
$AAPL (+0,4 %) Apple (US) - Platform & UX
$700 (+0,73 %) Tencent (CN) - Platform & AI
$9988 (-2,57 %) Alibaba (CN) - logistics & platform
PAL Robotics (ES) - humanoid robots - not a listed company
Neura Robotics (DE) - cognitive humanoid robots - not a listed company
$TER (+0,79 %) Universal Robots (DK) - cobots - belongs to the Teradyne Corporation
Engineered Arts (UK) - humanoid robots - not a listed company
$ISRG (-0,33 %) Intuitive Surgical (US) - surgical robotics
$GMED (-1,42 %)
Globus Medical (US) - surgical robotics (ExcelsiusGPS platform)
$7012 (+1,35 %) Kawasaki Heavy Industries (JP) - industrial robots, automation
$CPNG (+1,08 %) Coupang (KR) - Logistics end user
$IRBT (-2,22 %)
iRobot (US) - consumer robotics (e.g. Roomba), non-humanoid, but navigation/sensor fusion
Boston Dynamics (US) - humanoid & mobile robots-no listed company
Hanson Robotics (HK) - humanoid robots (Sophia) - not a listed company
Agility Robotics (US) - humanoid robot "Digit" - not a listed company
1.Apple, 2.Tencent, 3.Alibaba are my top 3 in this sector
🛠 2. cross enablers (shovel manufacturers) - with hidden champions
Raw materials & battery materials
Albemarle - Lynas - Umicore
$SQM
SQM (CL) - Lithium
$ILU (-1,59 %)
Iluka Resources (AU) - Rare earths
$ARR (-5,8 %)
American Rare Earths (US/AU) - New supply chains
my number 1 in the sector is Albemarle
manufacturing technology
ASML - Applied Materials - Tokyo Electron
$LRCX (+0,23 %)
Lam Research (US) - Plasma/etching processes
$ASM (+3,66 %)
ASM International (NL) - ALD equipment
$MKSI (+0,79 %)
MKS Instruments (US) - Plasma/vacuum technology
my number 1 in the sector is ASML
Quality assurance
Keysight - Advantest - Teradyne
$EMR (+0,3 %)
National Instruments (US) - Measurement technology - from Emerson Electric adopted
$300567
ATE Test Systems (CN) - test systems
$FORM (+0,4 %)
FormFactor (US) - Wafer probing
my number 1 in the sector is Keysight
Motion & Drive
Parker-Hannifin
Festo (DE) - Pneumatics, Soft Robotics - not a listed company
Bosch Rexroth (DE) - Drives, Controls - not a listed company
$6481 (+0,43 %)
THK (JP) - Linear guides
my number 1 in the sector is Parker-Hannifin
Sensors/Imaging
$TDY Teledyne
$BSL (+6,53 %) Basler (DE) - Industrial cameras
FLIR (US) - Thermal imaging sensors - acquisition by Teledyne
ISRA Vision (DE) - Machine Vision - not a listed company
my number 1 in the sector is Teledyne
Magnets & Materials
MP Materials
$6501 (+1,77 %)
Hitachi Metals (JP) - Magnetic materials
VacuumSchmelze (DE) - Magnetic materials - not a listed company
$4063 (+0,24 %)
Shin-Etsu Chemical (JP) - Specialty materials
my number 1 in the sector is MP Materials
Chip Design & Simulation
Synopsys - Cadence - ARM
$SIE (+1,92 %)
Siemens EDA (DE/US)-Mentor Graphics-strategic business unit of Siemens AG
Imagination Tech (UK) - GPU-IP - not a listed company
$CEVA (+1,03 %)
CEVA (IL) - Signal Processor IP
my number 1 in the sector is Synopsys
Engineering & Lifecycle
PTC - Dassault - Siemens
Altair (US) - Simulation - no longer a listed company
$HXGBY (+1,6 %)
Hexagon (SE) - Metrology
$SNPS (+1,12 %)
ANSYS (US) - Simulation - takeover by Synopsys
my number 1 in the sector is Siemens
Networks & Data Centers
Arista - Cisco - Equinix
$HPE (+2,5 %)
Juniper (US) - Networks - Acquisition of HPE
$DTE (-0,6 %)
T-Systems (DE) - Industry cloud
$OVH (+0,34 %)
OVHcloud (FR) - European cloud
my number 1 in the sector is Arista
Cloud infrastructure
AWS - Azure - Google Cloud
$ORCL (+2,31 %)
Oracle Cloud (US) - ERP & databases
$IBM (-0,07 %)
IBM Cloud (US) - Hybrid Cloud
$9988 (-2,57 %)
Alibaba Cloud (CN) - Asian Cloud
$VRT
Vertiv Holdings (US) - Cloud/Infra
my number 1 in the sector is Alphabet (Google)
finance/information infra
S&P Global
$MCO (-0,63 %)
Moody's (US) - Ratings
$MSCI (-0,47 %)
MSCI (US) - Indices
$MORN
Morningstar (US) - Investment Research
my number 1 in the sector is S&P Global
Creative/Experience Infra
Adobe
$ADSK (+2,26 %)
Autodesk (US) - CAD & Design
$U
Unity (US) - 3D/AR simulation
Epic Games (US) - Unreal Engine - not a listed company
my number 1 in the sector is Adobe
Platform & Ecosystem
Apple - Tencent - Alibaba
$META (+0,09 %)
Meta (US) - AR/VR, Social Robotics
ByteDance (CN) - AI & platforms - not a listed company
$9888 (+0,57 %)
Baidu (CN) - AI & Cloud
my number 1 in the sector is Tencent
Infrastructure/Edge
Dell
$HPE (+2,5 %)
HPE (US) - Edge Computing
$SMCI
Supermicro (US) - AI servers
$6702 (-3,46 %)
Fujitsu (JP) - Edge & HPC
my number 1 in the sector is Dell
storage solutions
Micron
$000660
SK Hynix (KR) - Memory
$285A (+2,83 %)
Kioxia (JP) - NAND
$WDC
Western Digital (US) - Storage solutions
my number 1 in the sector is Micron
🏛 3. secondary key sectors with hidden champions
Financing & Capital
$GS (-0,26 %) Goldman Sachs (US) - investment bank; ECM/DCM, M&A, growth financing
$MS Morgan Stanley (US) - investment bank; tech banking, capital markets
$BLK (-0,62 %) BlackRock (US) - asset manager; capital allocation, ETFs/index funds
$9984 (+4,24 %) SoftBank Vision Fund (JP) - mega VC; growth equity in robotics/AI
Sequoia Capital (US) - venture capital; early/growth in AI/robotics - this is a classic venture capital fund
DARPA (US) - government R&D funding (robotics/defense) - independent research and development agency
EU Horizon (EU) - research funding/grants for DeepTech - Innovative Europe pillar
China State Funds (CN) - state industry/technology fund
Lux Capital (US) - VC for DeepTech - Uptake (US) - AI-based predictive maintenance
DCVC (US) - Robotics & AI focus - investing exclusively via VC fund investments
Speedinvest (AT) - EU VC for robotics - access to investment only via fund investments
my number 1 in the sector is Goldman Sachs
Maintenance & Service
$SIE (+1,92 %) Siemens (DE) - Industrial Service, Lifecycle & Retrofit
$ABBN (+0,35 %) ABB (CH/SE) - Robotics Service, Spare Parts, Field Support
$GEHC (-1,94 %) GE Healthcare (US) - Medtech service incl. robotic systems
Uptake (US) - AI-based predictive maintenance - not a listed company
Augury (US/IL) - condition monitoring, condition diagnostics - not a listed company
$KU2 KUKA Service (DE) - Robotics maintenance
$6954 (-0,88 %) Fanuc Service (JP) - global service network
Boston Dynamics AI Institute (US) - Robotics longevity - funded by Hyundai Motor Group
my number 1 in the sector is Siemens
Marketing & Advertising
$WPP (-0,22 %) WPP (UK) - global advertising group; branding/communications
$OMC Omnicom (US) - marketing/PR network
$PUB (+0,39 %) Publicis (FR) - communications/advertising group
$META (+0,09 %) Meta (US) - Digital Ads (Facebook/Instagram)
$GOOG (+1,81 %) Google Ads (US) - search & display advertising
TikTok / ByteDance (CN) - social ads & distribution - not a listed company
$AAPL (+0,4 %) Apple (US) - Branding/UX; Acceptance & Platform Marketing
$WPP (-0,22 %)
AKQA (UK/US) - Tech branding - Since 2012 majority owned by the WPP Groupbut continues to operate as an autonomous operating unit
R/GA (US) - Innovation marketing - not a listed company
Serviceplan (DE) - largest independent EU agency - not a listed company
my number 1 in the sector is Meta
Law, Regulation & Ethics
ISO (CH) - international standards, robotics standards
TÜV (DE) - certification & safety tests
UL (US) - safety/conformity testing
EU AI Act (EU) - legal framework for AI & robotics
UNESCO AI Ethics (UN) - global ethics guidelines
Fraunhofer IPA (DE) - Robotics safety standards
ANSI (US) - standards
IEC (CH) - Electrical engineering standards
Training & Talent
MIT (US) - Robotics/AI Research & Education
ETH Zurich (CH) - autonomous systems & robotics
Stanford (US) - AI/Robotics labs & spin-offs
Tsinghua University (CN) - Robotics/AI in Asia
CMU (US) - Robotics Institute
EPFL (CH) - Robotics research
TU Munich (DE) - humanoid robot "Roboy"
🌍 Top 25 companies for humanoid robotics
These companies are central to the development & production of humanoid robotsbecause without them, crucial parts of the chain would be missing:
Chips & computing power (brain of the robots)
$NVDA (+2,16 %) Nvidia (US) - AI GPUs & Isaac platform, foundation for robotic AI
$2330 TSMC (TW) - world's most important foundry, produces the AI chips
$ASML (-0,82 %) ASML (NL) - EUV lithography, indispensable for chip production
$005930 Samsung Electronics (KR) - memory, logic, foundry
$000660 SK Hynix (KR) - DRAM & NAND memory for AI
$MU (+4,5 %) Micron (US) - Memory solutions for AI workloads
my number 1 in the sector is ASML
Sensors & perception (senses of robots)
$SONY Sony (JP) - image sensors, market leader
$6861 (+0,66 %) Keyence (JP) - Industrial sensors & vision systems
$CGNX (-0,22 %) Cognex (US) - Machine Vision, precise image processing
my number 1 in the sector is Keyence
Actuators & motion (muscles of robots)
$IFX (+1,48 %) Infineon (DE) - power electronics, motor control
$6594 (+0,05 %) Nidec (JP) - World market leader for electric motors
$PH Parker-Hannifin (US) - hydraulics/pneumatics, motion technology
$6481 (+0,43 %) THK (JP) - Linear guides & actuators
my number 1 in the sector is Parker-Hannifin
Communication, cloud & infrastructure (nerves & data flow)
$QCOM (+0,12 %) Qualcomm (US) - Mobile & Edge Chips
$AMZN (+0,98 %) Amazon AWS (US) - Cloud & AI infrastructure
$MSFT (+0,22 %) Microsoft Azure (US) - Cloud, AI services
$CSCO (+0,99 %) Cisco (US) - Networks & Security
$VRT Vertiv Holdings (US) - Data Center Infrastructure
my number 1 in the sector is Microsoft
End Applications & Platforms (robots themselves)
$TSLA (-0,88 %) Tesla (US) - humanoid robot Optimus
$ABBN (+0,35 %) ABB (CH/SE) - Robotics & Automation
$6954 (-0,88 %) Fanuc (JP) - industrial robots & CNC systems
$7012 (+1,35 %) Kawasaki Heavy Industries (JP) - industrial robots
PAL Robotics (ES) - humanoid robots (TALOS, ARI, TIAGo) - not a listed company
Neura Robotics (DE) - cognitive humanoid robots - not a listed company
Universal Robots (DK) - cobots
my number 1 in the sector is Tesla
🇪🇺 Top 10 European key companies for humanoid robotics
$ASML (-0,82 %)
ASML (NL)
World market leader in EUV lithography - no modern chips for AI & robotics without ASML.
$IFX (+1,48 %) Infineon (DE)
Leading in power electronics & motor control - crucial for actuators of humanoid robots.
$STM (+1,28 %)
STMicroelectronics (FR/IT)
Sensors, microcontrollers & power chips - the basis for control & perception.
$SAP (-0,01 %)
SAP (DE)
ERP & data platforms, important for integrating humanoid robots into industrial processes.
$SIE (+1,92 %)
Siemens (DE)
Industrial software, automation, digital twin - key for engineering & lifecycle management.
$KU2 KUKA (EN)
Robotics pioneer, industrial robots & automation - know-how for humanoid motion mechanics.
PAL Robotics (ES) - not a listed company
Specialist for humanoid robots (TALOS, ARI, TIAGo), internationally used in research & service.
Neura Robotics (DE) - Not a listed company
Young high-tech company, develops cognitive humanoid robots with advanced AI (4NE-1).
Universal Robots (DK) - Not a listed company
Market leader for cobots - platform for safe human-robot collaboration.
Engineered Arts (UK) - not a listed company
Develops humanoid robots such as Amecaknown for realistic facial expressions & gestures - important for HRI (Human-Robot Interaction)
🌏 Top 10 Asian key companies for humanoid robotics
$2330
TSMC (Taiwan)
World's largest semiconductor foundry, produces high-end chips (e.g. Nvidia, AMD, Apple) - no AI hardware without TSMC.
$005930
Samsung Electronics (South Korea)
Foundry, memory, logic chips, image sensors - extremely broadly positioned in robotics components.
$000660
SK Hynix (KR) - Memory
$SONY
Sony (Japan)
Market leader in CMOS image sensors, essential for robotic vision & perception.
$6861 (+0,66 %)
Keyence (Japan)
Sensor technology & machine vision for industrial automation, widely used in robotics.
$6954 (-0,88 %)
Fanuc (Japan)
Industrial robots & CNC systems, one of the most important manufacturers of robotics hardware worldwide.
$6506 (-0,01 %)
Yaskawa Electric (Japan)
Drives, motion control & robot arms - relevant for humanoid motion control.
$6594 (+0,05 %)
Nidec (Japan)
World market leader for electric motors (from mini motors to high-performance drives).
$7012 (+1,35 %)
Kawasaki Heavy Industries (JP) - Industrial robots
$9618 (-1,79 %)
JD.com (China)
Driver for robotics in e-commerce & logistics, invests in humanoid robotics applications
1Sem.·
Build robots, earn shovels
The hype is all about humanoid robots, but the constant winners are in the background.
I have divided the analysis into two perspectives. 1. the complete value chain of humanoid robots, which shows all the players from the chip to the finished robot, and 2. the blade manufacturers in the background, who always earn money as enablers, regardless of which manufacturer wins the race.
ASML, Applied Materials and Tokyo Electron dominate in manufacturing technology. Quality assurance comes from Keysight, Advantest and Teradyne. Chip design is supported by Synopsys, Cadence and ARM. Data streams are secured by Arista Networks, Cisco and Equinix. The computing basis is created in the cloud by Amazon, Microsoft and Alphabet. Albemarle, Lynas and Umicore play a central role in raw materials and battery materials. These companies monetize their customers' investment waves, have high barriers to entry, service revenues and pricing power, but remain cyclical with risks from export rules, capex cuts and currency movements.
🌐 Value chain of humanoid robots Sector overview
1. research & chip design (IP / EDA)
$ARM (+2,09 %)
ARM Holdings (ARM, UK/USA) - CPU architectures
$SNPS (+1,12 %)
Synopsys (SNPS, USA) - Chip design software
$CDNS (+1,41 %)
Cadence Design Systems (CDNS, USA) - EDA & Simulation
2. manufacturing technology & equipment
$ASML (-0,82 %)
ASML (ASML, NL) - EUV lithography, key monopoly
$AMAT (+0,94 %)
Applied Materials (AMAT, USA) - Process equipment
$8035 (+1,34 %)
Tokyo Electron (8035.T, JP) - Wafer equipment
$KEYS (+0,21 %)
Keysight Technologies (KEYS, USA) - Test & RF measurement technology
$6857 (+2,3 %)
Advantest (6857.T, JP) - Semiconductor test systems
$TER (+0,79 %)
Teradyne (TER, USA) - Test systems + robotics (Universal Robots)
3. chip production (Foundries)
$TSM (+1,11 %)
TSMC (TSM, TW) - Largest contract manufacturer
$005930
Samsung Electronics (005930.KQ, KR) - Memory + Foundry
$GFS (-1,08 %)
GlobalFoundries (GFS, USA) - Specialized production
4. computing & control unit ("brain")
$NVDA (+2,16 %)
Nvidia (NVDA, USA) - GPUs, AI accelerators
$INTC (+0,05 %)
Intel (INTC, USA) - CPUs, FPGAs
$AMD (+2,53 %)
AMD (AMD, USA) - CPUs/GPUs
$MRVL (+4,62 %)
Marvell Technology (MRVL, USA) - Network/data center chips
5. sensors ("senses")
$6758 (+0,92 %)
Sony (6758.T, JP) - CMOS image sensors
$6861 (+0,66 %)
Keyence (6861.T, JP) - Vision systems, sensors
$STM (+1,28 %)
STMicroelectronics (STM, CH/FR) - MEMS sensors
6. actuators & power electronics ("muscles")
$IFX (+1,48 %)
Infineon (IFX, DE) - Power semiconductors, SiC
$ON (-1,08 %)
N Semiconductor (ON, USA) - SiC/Power Chips
$STM (+1,28 %)
STMicroelectronics (STM, CH/FR) - Motor control & power
$TXN (-0,52 %)
Texas Instruments (TXN, USA) - Motor control, power ICs
$ADI (-0,5 %)
Analog Devices (ADI, USA) - Energy & BMS chips
7. communication & networking ("nerves")
$QCOM (+0,12 %)
Qualcomm (QCOM, USA) - 5G/SoCs
$AVGO (+4,17 %)
Broadcom (AVGO, USA) - Network & radio chips
$SWKS (-1,99 %)
Skyworks Solutions (SWKS, USA) - RF components
8. energy supply
$300750
CATL (300750.SZ, CN) - Batteries
$6752 (-0,85 %)
Panasonic (6752.T, JP) - Batteries for automotive/robotics
$373220
LG Energy Solution (373220.KQ, KR) - Batteries
9. cloud & infrastructure
$AMZN (+0,98 %)
Amazon (AMZN, USA) - AWS
$MSFT (+0,22 %)
Microsoft (MSFT, USA) - Azure
$GOOG (+1,81 %)
Alphabet (GOOGL, USA) - Google Cloud
$EQIX (-0,68 %)
Equinix (EQIX, USA) - Data center operator
$ANET (+3,72 %)
Arista Networks (ANET, USA) - Network infrastructure
$CSCO (+0,99 %)
Cisco Systems (CSCO, USA) - Edge & Data Center Networks
10. software & data platforms
$PLTR (+1,07 %)
Palantir (PLTR, USA) - Data integration, decision software
$DDOG (+4,93 %)
Datadog (DDOG, USA) - Cloud monitoring / observability
$SNOW (+8,23 %)
Snowflake (SNOW, USA) - Cloud-native data platform
$ORCL (+2,31 %)
Oracle (ORCL, USA) - Databases, ERP
$SAP (-0,01 %)
SAP (SAP, DE) - ERP/cloud systems
$PATH (+1,46 %)
UiPath (PATH, USA) - Automation software (RPA)
$AI (+1,4 %)
C3.ai (AI, USA) - Enterprise AI platform
11. end applications / robots
$ABB
ABB (ABB, CH) - Industrial robots
$6954 (-0,88 %)
Fanuc (6954.T, JP) - Industrial robots, CNC
$TSLA (-0,88 %)
Tesla (TSLA, USA) - Optimus" humanoid robot
$9618 (-1,79 %)
JD.com (JD, CN) - E-commerce & automated logistics
🛠️ Shovel manufacturer for humanoid robots
🔹 Hardtech (physical "shovels")
These companies provide the material basis: manufacturing machines, raw materials, semiconductor base.
Semiconductor Equipment & Manufacturing
$ASML (-0,82 %)
ASML (ASML, NL) - EUV lithography (monopoly).
$AMAT (+0,94 %)
Applied Materials (AMAT, USA) - Wafer equipment.
$8035 (+1,34 %)
Tokyo Electron (8035.T, JP) - Process equipment.
Test systems (hardware-side)
$6857 (+2,3 %)
Advantest (6857.T, JP) - Semiconductor test.
$TER (+0,79 %)
Teradyne (TER, USA) - Test systems + industrial robots.
Materials & raw materials
$ALB (-3,42 %)
Albemarle (ALB, USA) - Lithium (batteries).
$LYC (-0,67 %)
Lynas Rare Earths (LYC.AX, AUS) - Rare earths for magnets.
$UMICY (-1,23 %)
Umicore (UMI.BR, BE) - Cathode materials, recycling.
🔹 Soft/infra (digital "shovels")
These companies supply the infrastructure & toolswithout which development, training and operation would be impossible.
Design Software & IP
$SNPS (+1,12 %)
Synopsys (SNPS, USA) - EDA software.
$CDNS (+1,41 %)
Cadence Design Systems (CDNS, USA) - Chip design & simulation.
$ARM (+2,09 %)
ARM Holdings (ARM, UK/USA) - CPU architectures (license model).
Test & Measurement (software/signal level)
$KEYS (+0,21 %)
Keysight Technologies (KEYS, USA) - Electronics & RF test systems.
Network & data center backbone
$ANET (+3,72 %)
Arista Networks (ANET, USA) - High-speed networks.
$CSCO (+0,99 %)
Cisco Systems (CSCO, USA) - Data center/edge networks.
$EQIX (-0,68 %)
Equinix (EQIX, USA) - Data centers (colocation).
Cloud infrastructure
$AMZN (+0,98 %)
Amazon (AMZN, USA) - AWS (cloud, AI training).
$MSFT (+0,22 %)
Microsoft (MSFT, USA) - Azure.
$GOOG (+1,81 %)
Alphabet (GOOGL, USA) - Google Cloud.
Takeaway: Investing in the infrastructure stack allows you to participate in the robotics trend regardless of the subsequent product winner and reduces the individual product risk, but you have to live with cycles. In your opinion, which stage of the chain offers the best risk/return combination and fits into a disciplined portfolio?
Source: Own analysis based on publicly available company information and IR materials of the companies mentioned.
Image material: Techa Tungateja/iStockphoto
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21 Commentaires
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4J·
The AI bubble: opportunities, risks and lessons from the Dot.com crisis
The possibility that we are currently in an AI bubble is real. As with previous hypes, the valuation of AI companies seems to be ahead of their actual profitability. Moreover, the S&P 500 is heavily overconcentrated in a handful of large tech players that are benefiting from the AI hype. Should these fall, the entire index will be pulled down with them.
That risk is compounded by the fact that the S&P has become historically expensive, with P/E ratios well above average. The risks are clear: if promised growth fails to materialize, valuations could collapse hard. The situation is reminiscent of the dot.com bubble of the early 2000s, but with an important difference: now, a lot of credit is being borrowed to finance AI growth. That makes a blow more dangerous, because debt puts extra pressure in a downturn.
Conclusion: AI could change the world permanently, but current valuations seem fragile. A bubble need not mean AI disappears, it does mean investors should prepare for sharp corrections.
$NVDA (+2,16 %)
$MSFT (+0,22 %)
$AMZN (+0,98 %)
$GOOGL (+1,88 %)
$META (+0,09 %)
$AVGO (+4,17 %)
$TSM (+1,11 %)
$ORCL (+2,31 %)
$PLTR (+1,07 %)
$ADBE (-1,02 %)
$AMD (+2,53 %)
$AAPL (+0,4 %)
$IBM (-0,07 %)
$QCOM (+0,12 %)
$MU (+4,5 %)
$SNOW (+8,23 %)
$CRM (+1,57 %)
$MDB (+6,81 %)
$AI (+1,4 %)
$VOO (+0,04 %)
11
3 Commentaires
This is a dead giveaway by now, though. There is a substantial difference. The dot.com bubble was based on expectations that were not real, future profits that never were and never came. AI has been bringing many companies demonstrably higher profits for some time despite high capex upfront (see Meta, Alphabet, Microsoft, Amazon etc) and you see and notice that all around you in how companies and processes are changing. This is not to say that there won't be correction(s), they are bound to happen and are also healthy for the market.
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22
•1Sem.·
Build robots, earn shovels
The hype is all about humanoid robots, but the constant winners are in the background.
I have divided the analysis into two perspectives. 1. the complete value chain of humanoid robots, which shows all the players from the chip to the finished robot, and 2. the blade manufacturers in the background, who always earn money as enablers, regardless of which manufacturer wins the race.
ASML, Applied Materials and Tokyo Electron dominate in manufacturing technology. Quality assurance comes from Keysight, Advantest and Teradyne. Chip design is supported by Synopsys, Cadence and ARM. Data streams are secured by Arista Networks, Cisco and Equinix. The computing basis is created in the cloud by Amazon, Microsoft and Alphabet. Albemarle, Lynas and Umicore play a central role in raw materials and battery materials. These companies monetize their customers' investment waves, have high barriers to entry, service revenues and pricing power, but remain cyclical with risks from export rules, capex cuts and currency movements.
🌐 Value chain of humanoid robots Sector overview
1. research & chip design (IP / EDA)
$ARM (+2,09 %)
ARM Holdings (ARM, UK/USA) - CPU architectures
$SNPS (+1,12 %)
Synopsys (SNPS, USA) - Chip design software
$CDNS (+1,41 %)
Cadence Design Systems (CDNS, USA) - EDA & Simulation
2. manufacturing technology & equipment
$ASML (-0,82 %)
ASML (ASML, NL) - EUV lithography, key monopoly
$AMAT (+0,94 %)
Applied Materials (AMAT, USA) - Process equipment
$8035 (+1,34 %)
Tokyo Electron (8035.T, JP) - Wafer equipment
$KEYS (+0,21 %)
Keysight Technologies (KEYS, USA) - Test & RF measurement technology
$6857 (+2,3 %)
Advantest (6857.T, JP) - Semiconductor test systems
$TER (+0,79 %)
Teradyne (TER, USA) - Test systems + robotics (Universal Robots)
3. chip production (Foundries)
$TSM (+1,11 %)
TSMC (TSM, TW) - Largest contract manufacturer
$005930
Samsung Electronics (005930.KQ, KR) - Memory + Foundry
$GFS (-1,08 %)
GlobalFoundries (GFS, USA) - Specialized production
4. computing & control unit ("brain")
$NVDA (+2,16 %)
Nvidia (NVDA, USA) - GPUs, AI accelerators
$INTC (+0,05 %)
Intel (INTC, USA) - CPUs, FPGAs
$AMD (+2,53 %)
AMD (AMD, USA) - CPUs/GPUs
$MRVL (+4,62 %)
Marvell Technology (MRVL, USA) - Network/data center chips
5. sensors ("senses")
$6758 (+0,92 %)
Sony (6758.T, JP) - CMOS image sensors
$6861 (+0,66 %)
Keyence (6861.T, JP) - Vision systems, sensors
$STM (+1,28 %)
STMicroelectronics (STM, CH/FR) - MEMS sensors
6. actuators & power electronics ("muscles")
$IFX (+1,48 %)
Infineon (IFX, DE) - Power semiconductors, SiC
$ON (-1,08 %)
N Semiconductor (ON, USA) - SiC/Power Chips
$STM (+1,28 %)
STMicroelectronics (STM, CH/FR) - Motor control & power
$TXN (-0,52 %)
Texas Instruments (TXN, USA) - Motor control, power ICs
$ADI (-0,5 %)
Analog Devices (ADI, USA) - Energy & BMS chips
7. communication & networking ("nerves")
$QCOM (+0,12 %)
Qualcomm (QCOM, USA) - 5G/SoCs
$AVGO (+4,17 %)
Broadcom (AVGO, USA) - Network & radio chips
$SWKS (-1,99 %)
Skyworks Solutions (SWKS, USA) - RF components
8. energy supply
$300750
CATL (300750.SZ, CN) - Batteries
$6752 (-0,85 %)
Panasonic (6752.T, JP) - Batteries for automotive/robotics
$373220
LG Energy Solution (373220.KQ, KR) - Batteries
9. cloud & infrastructure
$AMZN (+0,98 %)
Amazon (AMZN, USA) - AWS
$MSFT (+0,22 %)
Microsoft (MSFT, USA) - Azure
$GOOG (+1,81 %)
Alphabet (GOOGL, USA) - Google Cloud
$EQIX (-0,68 %)
Equinix (EQIX, USA) - Data center operator
$ANET (+3,72 %)
Arista Networks (ANET, USA) - Network infrastructure
$CSCO (+0,99 %)
Cisco Systems (CSCO, USA) - Edge & Data Center Networks
10. software & data platforms
$PLTR (+1,07 %)
Palantir (PLTR, USA) - Data integration, decision software
$DDOG (+4,93 %)
Datadog (DDOG, USA) - Cloud monitoring / observability
$SNOW (+8,23 %)
Snowflake (SNOW, USA) - Cloud-native data platform
$ORCL (+2,31 %)
Oracle (ORCL, USA) - Databases, ERP
$SAP (-0,01 %)
SAP (SAP, DE) - ERP/cloud systems
$PATH (+1,46 %)
UiPath (PATH, USA) - Automation software (RPA)
$AI (+1,4 %)
C3.ai (AI, USA) - Enterprise AI platform
11. end applications / robots
$ABB
ABB (ABB, CH) - Industrial robots
$6954 (-0,88 %)
Fanuc (6954.T, JP) - Industrial robots, CNC
$TSLA (-0,88 %)
Tesla (TSLA, USA) - Optimus" humanoid robot
$9618 (-1,79 %)
JD.com (JD, CN) - E-commerce & automated logistics
🛠️ Shovel manufacturer for humanoid robots
🔹 Hardtech (physical "shovels")
These companies provide the material basis: manufacturing machines, raw materials, semiconductor base.
Semiconductor Equipment & Manufacturing
$ASML (-0,82 %)
ASML (ASML, NL) - EUV lithography (monopoly).
$AMAT (+0,94 %)
Applied Materials (AMAT, USA) - Wafer equipment.
$8035 (+1,34 %)
Tokyo Electron (8035.T, JP) - Process equipment.
Test systems (hardware-side)
$6857 (+2,3 %)
Advantest (6857.T, JP) - Semiconductor test.
$TER (+0,79 %)
Teradyne (TER, USA) - Test systems + industrial robots.
Materials & raw materials
$ALB (-3,42 %)
Albemarle (ALB, USA) - Lithium (batteries).
$LYC (-0,67 %)
Lynas Rare Earths (LYC.AX, AUS) - Rare earths for magnets.
$UMICY (-1,23 %)
Umicore (UMI.BR, BE) - Cathode materials, recycling.
🔹 Soft/infra (digital "shovels")
These companies supply the infrastructure & toolswithout which development, training and operation would be impossible.
Design Software & IP
$SNPS (+1,12 %)
Synopsys (SNPS, USA) - EDA software.
$CDNS (+1,41 %)
Cadence Design Systems (CDNS, USA) - Chip design & simulation.
$ARM (+2,09 %)
ARM Holdings (ARM, UK/USA) - CPU architectures (license model).
Test & Measurement (software/signal level)
$KEYS (+0,21 %)
Keysight Technologies (KEYS, USA) - Electronics & RF test systems.
Network & data center backbone
$ANET (+3,72 %)
Arista Networks (ANET, USA) - High-speed networks.
$CSCO (+0,99 %)
Cisco Systems (CSCO, USA) - Data center/edge networks.
$EQIX (-0,68 %)
Equinix (EQIX, USA) - Data centers (colocation).
Cloud infrastructure
$AMZN (+0,98 %)
Amazon (AMZN, USA) - AWS (cloud, AI training).
$MSFT (+0,22 %)
Microsoft (MSFT, USA) - Azure.
$GOOG (+1,81 %)
Alphabet (GOOGL, USA) - Google Cloud.
Takeaway: Investing in the infrastructure stack allows you to participate in the robotics trend regardless of the subsequent product winner and reduces the individual product risk, but you have to live with cycles. In your opinion, which stage of the chain offers the best risk/return combination and fits into a disciplined portfolio?
Source: Own analysis based on publicly available company information and IR materials of the companies mentioned.
Image material: Techa Tungateja/iStockphoto
7575
21 Commentaires
1Sem.
You can use this to set up your own ETF😉
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1Sem.·
Portfolio foundation
DCA, forget about it and live your life.
My 4 pillars, recipe for a good night of sleep.
$GOOGL (+1,88 %)
$AMD (+2,53 %)
$ASML (-0,82 %)
$AMZN (+0,98 %)
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2Sem.·
Good evening, dear friends of the cultivated derivatives trade
After the last highly speculative trade with the discount certificate on $AMD (+2,53 %) went very well and is still going strong, today there is a similarly lucrative opportunity on $COIN (+0,15 %) .
Around 400% is possible here until December. Of course, this certificate is well out of the money, otherwise there would not be this opportunity! But anyone who believes that $COIN (+0,15 %) will recover from the small slump and soar to new heights, this is a good opportunity.
I have risked a small position. Maybe I'll add to it again, even if the potential return is then somewhat lower. Incidentally, the maximum amount of 5$ is available if $COIN (+0,15 %) rises to 440$ by December. The certificate is worthless below 390$ on the key date. In between, the certificate is paid out in $ at a ratio of 10:1.
77
1 Commentaire1Sem.
A small addition here as well. $COIN should not fall below $285 on a sustained basis in order not to jeopardize the upward trend.
••
2Sem.·
New 52-week highs for these stocks
These shares reached a new 52-week high today:
Meta $META (+0,09 %)
Broadcom $AVGO (+4,17 %)
AMD $AMD (+2,53 %)
Blackrock $BLK (-0,62 %)
Astera Labs $ALAB
Arista Networks $ANET (+3,72 %)
Reddit $RDDT (-0,01 %)
Lam Research $LRCX (+0,23 %)
KLA Corp $KLAC (+0,7 %)
S&P Global $SPGI (-0,91 %)
Celsius $CELH
United Rentals $URI (+0,31 %)
Do you hold one of the shares? If yes, congratulations!
2Sem.·
Cathie Woods ARK ETFs make large purchases at The Trade Desk and sell block position
Cathie Wood's ARK ETFs once again saw significant transactions on Tuesday, August 12, 2025, with a focus on technology and biotech stocks. The largest transaction of the day was the purchase of 738,367 shares of The Trade Desk Inc ( $TTD (+4,93 %) ) with a total value of $39,266,357. This move underscores ARK's continued confidence in the digital advertising platform, where the fund had already significantly increased its positions in recent days.
Another notable transaction involved Block Inc ( $SQ (+1,35 %) ), formerly known as Square. Here ARK sold 215,543 shares, representing a sizable value of $15,741,105. This sale represents one of the larger divestitures of the day and could indicate a strategic realignment of ARK's position towards the financial services and digital payments company.
ARK also made a significant purchase of 643,406 shares of Pinterest Inc ( $PINS ) worth $21,998,051. The social media company has repeatedly been in ARK's focus in the past, as evidenced by the continuous purchases over the past week. This trend points to a bullish assessment of Pinterest's growth prospects on the part of ARK.
In the biotech sector, ARK's ARK ETF purchased 128,896 shares of CRISPR Therapeutics AG ( $CRSP (-0,87 %) ) for a total value of $714,567, continuing its investment in the gene-editing company. On the flip side, various ARK ETFs divested shares of DraftKings Inc ( $DKNG (+0,26 %) ), Guardant Health Inc ( $GH (+0,97 %) ), Robinhood Markets Inc ($HOOD (-0,21 %) ), Palantir Technologies Inc ($PLTR (+1,07 %) ), Roblox Corp ( $RBLX ) and Shopify Inc ($SHOP (+1,26 %) ). The largest sell-off was DraftKings, with 221,203 shares worth $9,452,004 sold.
Other notable buys included Exact Sciences Corp ( $EXAS (+0,27 %) ) and Personalis Inc ( $PSNL (-0,34 %) ). ARK bought 93,753 and 134,035 shares worth $3,835,435 and $603,157 respectively. The continued purchases in these stocks could indicate a focused strategy targeting innovative healthcare companies.
Smaller transactions were also part of the day's activity. ARK bought shares in Compass Pathways PLC ( $CMPS (+1,47 %) ) and 10X Genomics Inc ( $TXG (+2,39 %) ). Despite the smaller dollar amounts, these purchases could be part of a long-term strategy that focuses on up-and-coming companies in the respective sectors.
Some of dear Cathie's transactions don't need to be understood but well, the young lady's returns speak for themselves.
$ARKK (+0,52 %) and $ARKF (+0,89 %) over 70% return since 365 days, I can only shine with +27% with my portfolio.
I will remain invested in $TTD (+4,93 %) My current portfolio has a lot of risk, as I have generated some cash.
At the moment I'm considering whether I should possibly $HMWO (+0,27 %) and $EQQQ (+0,65 %) or just the $VUSA (+0,08 %) into the portfolio.
Temporarily sold $AMD (+2,53 %) +35%, $HIMS (+0,28 %) +15%, $DOCN (+2,93 %) +9%.
I would re-enter Hims and AMD at certain prices and possibly add other companies to the portfolio if they fit my selection.
My positions:
On the watchlist
2Sem.·
🚀 Breaking: Nvidia & AMD will pay 15% of their China sales to the US government in future - and get relaxed export conditions in return
Why this is bullish:
💼 Market access remains intact
- Instead of a total ban $NVDA (+2,16 %) & $AMD (+2,53 %) can continue to supply chips to China - including slimmed-down high-end AI models such as H20 & A800.
⚡ Presumed quid pro quo:
🚚 Relaxation of the export bans - certain chips may be officially exported again.
⏱ Faster approvals - less bureaucracy, more predictability.
📅 Planning security - Fixed framework instead of constantly new lists of bans.
💰 Doubly positive:
- For Nvidia & AMD: market worth billions remains open.
- For the USA: billions in additional revenue - without new debt.
📉 Negative in the short term - opportunity in the long term
- Many investors see the levy as a burden → Share price falls in the short term.
- In the long term the advantage of secure market access prevails.
- My take: Such dips are often golden buying opportunities for the patient. 🛒💎
📈 Market reaction:
Investors thinking beyond the day see: 15% is a small price to pay for 85% of one of the world's largest sales markets.
💡 Conclusion:
Better 85% of China than 0% - and with Washington as a partner behind you, markets can be served more securely.
22
8 Commentaires2Sem.
It's just a shame that China no longer wants the chips.
https://finanzmarktwelt.de/china-unternehmen-sollen-keine-nvidia-h20-chips-verwenden-360151/
https://finanzmarktwelt.de/china-unternehmen-sollen-keine-nvidia-h20-chips-verwenden-360151/
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66
•Titres populaires
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