**TL;DR (Executive Summary)** **1. The Physics Problem (Why HBM4 is a Nightmare):** Wall Street is overly optimistic, but the engineering reality is brutal. Stacking 14 to 16 layers of memory chips creates extreme heat. During manufacturing, temperatures reach 260°C, warping …
I feel like the stock market is overvalued right now, and the risk/reward isn't there for me personally. Most companies are experimenting with and overspending on AI without any clear ROI yet. The same logic applies to chip and memory …
[https://docs.google.com/spreadsheets/d/1\_9J1v-7NRuYSMMuVXEyB8R7zTJCoJK4J/edit?usp=sharing&ouid=114907155294514129066&rtpof=true&sd=true](https://docs.google.com/spreadsheets/d/1_9J1v-7NRuYSMMuVXEyB8R7zTJCoJK4J/edit?usp=sharing&ouid=114907155294514129066&rtpof=true&sd=true) The tool is extremely simple, you input: Total shares, cash and equivalents, gross debt. Then the production forecast, price of gold, their average AISC and current multiple (Adjust the currency conversion if needed). The sheet then builds a few …
I created a free page with discounts, promos, and free plans for investment tools. It’s updated every week, currently has 30+ deals, and some of them are temporary, so you have to be quick. It’s 100% free, so I thought …
I estimated FY36 FCF of big tech (MSFT in this case) and what it would take for Microsoft to deliver given my desired rate of return to be 12%. It is working backwards to see what market cap makes sense …
**TLDR**: this is an early attempt to do a valuation of $HONA, the company Honeywell Aerospace which was spun off on the 29th June. Due to the Fog of War (FoW), this aerospace company is priced currently at fair value, …
I still feel a little sick about this one. Intel was my highest-conviction pick. The only American company that still makes its own chips, the last one standing anywhere near TSMC. I actually believed in it. Then earnings hit, worst …
I’ve been looking at UK housebuilders as value investments, and Barratt Redrow looks particularly interesting at around 279p. The obvious bull case is UK planning reform, political support for housebuilding and eventually lower mortgage rates. But these tailwinds could take …
What stocks are on your radar this week? What's undervalued? What's overvalued? This is the place for your quick stock pitches or to ask what everyone else is looking at. *This discussion post is lightly moderated. We suggest checking other …
Fresh batch of company write-ups from Substack authors, published from within the last week or so. Not my work - sourced from Giles Capital's weekly compilation: [https://gilescapital.substack.com](https://gilescapital.substack.com) # Americas **alphaseeker84** on [**Micron Technology**](https://alphaseeker84.substack.com/p/micron-technology-mu-q3-fy2026-results) (🇺🇸 MU US - US$1.1tn) Cheap only …