Space Primer, INTC Results, ASML Deep Dive, NOW Preview, APP Short Sell Report and more

The most discussed topic over the past week is the amazing Claude code, which prompted many in the VC and AI industries to claim that AGI is coming (at least from a coding perspective). We find this could be a new, key narrative inflection point, and there will be very meaningful secondary market implications . We will publish a report discussing these matters soon. Additionally, the earnings season has kicked off with a disappointing Intel result. We don’t believe this alters the medium-to-long-term thesis. We will have more on the earnings preview coming up soon. Stay tuned.

This week’s reports

Space economy primer - We are launching our coverage in this exciting sector for the next decade. The sector is still seen as a retail-driven meme trading vehicle, but it is actually seeing a huge inflection point in 2026. We believe professional investors should start to pay more attention to it. Highly recommend you to go through this report, and we will have more on the subject coming up.

Intel results - No doubt it’s a disappointing result after the strong rally recently. However, we do believe the medium-to-long-term thesis is still intact, and Intel is in the process of improving the supply situation and yield into the end of the year. Also, the CAPEX commentary is positive for the SPE segment.