CORNYVERSE

Nervous when only NVIDIA rallies? There is a way to capture AI-semiconductor upside while reducing single-stock dependence: the VanEck Semiconductor ETF (SMH) , a one-ticker basket of the AI chip ecosystem. 🎯 Quick Take ✅ SMH is a focused ETF spanning the AI chip supply chain (design, manufacturing, equipment, EDA). ✅ Top-heavy by design—powerful in bull markets, but NVIDIA weight adds concentration risk. ✅ In practice, many compare or pair it with the more diversified SOXX. • Expense ratio 0.35%; ~26 holdings; top 10 ≈ ~70% of assets (recent figures). • Dividends are modest and typically paid annually (year-end); price appreciation is the main driver. • Key risks: geopolitics, industry cycles, and single-name concentration. 💎 Bottom line: Own the “AI chip dream team” instead of one stock— but mind the concentration (esp. NVDA) and cycle volat...

MicroStrategy (MSTR) grew rapidly by acquiring Bitcoin using low-interest convertible bonds. Recently, however, the company has shifted its strategy to **'permanent capital'**—in the form of perpetual preferred stock (STRC)—to reduce structural risks. 🎯 Key Takeaways ✅ MSTR is issuing **STRC perpetual preferred stock** to replace convertible bonds and eliminate **maturity repayment risk**. ✅ STRC is designed to maintain a stable price near **$100** through a **variable monthly dividend**, an **ATM facility**, and **call options**. ✅ The initial dividend yield is approximately **9-10% annually** on an offering price of **$90**, with a monthly payout structure. ✅ The investment thesis: Weighing the benefit of **eliminating maturity risk** against the concerns of **dividend sustainability, dilution**, and **Bitcoin volatility**. 🔥 Topic: From ‘Free Money’ to ‘Permanent Capital’ During the era of ultra-low interest rates, MSTR's c...