SPCX and TSA will likely merge in the future.


Today, SPCX has started to pull back. If the market cap can drop to 1.2–1.5 trillion, I’m still willing to continue holding some SPCX and Tesla—I don’t plan to move anymore.
The software holdings, Microsoft + Tencent, will not keep adding positions; we’re already at the maximum limit for a single-sector holding.
Look at the hardware expansion centered on Nvidia—identify the configuration points for the AI infrastructure layer.
AI has no choice but to embrace this. When you look back at the crypto market, because of inertia it’s hard to let go; missing the best entry points, and chasing after higher prices, is really a bit uncomfortable.
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