+42.4
net board stance
what this means
690.0
+5.1% · close 2026-11-06
-37% / -21% / +190%
1m / 3m / 12m
+539%
vs SPY since 2025-08-01
48%
of 52w range · -43.1% off high
1/1
hit rate as primary · vs SPY +203
Where All-In Alpha stands — 1 live idea
| idea | call | play | conviction | contributes | moved yet? | scored in |
|---|---|---|---|---|---|---|
| 📈 DRAM/HBM: the bottleneck that matters | ▲ LONG | primary | 42.4 | +42.4 | — | 414d |
Where the winds are blowing
NET BOARD STANCE, LAST 60 EPISODES —
rising = the besties are building this position, falling = abandoning it. From the
conviction ledger; an idea counts from birth until its window closes. Dots mark episodes
where this ticker's ideas were actually mentioned; a dashed stretch is silence.
Last mention E294 · silent for 2 episodes.
PRICE VS SPY OVER THE SAME WINDOW, % — did the
talk lead the tape or follow it?
Who's pushing which way
each voice's net push ON THIS TICKER — their most recent stance per idea × that idea's direction ON THIS TICKER × strength, so supporting a bearish idea pushes down, unless this ticker is listed as the other side of it. Not conviction (that lives on the idea); this is direction of travel per person. what w= means
What resolves next
scoring dates for the live ideas holding this ticker — each one turns into a scored result on that date, whether it flatters anyone or not
Track record on MU
As a PRIMARY play the besties are 1 hit / 0 partial / 0 miss over 1 closed window — credit 1.0, average vs SPY +202.7. Adjacent plays are listed but never scored.
| idea | call | play | result | return | vs SPY | scored |
|---|---|---|---|---|---|---|
| 🤖 High-bandwidth memory makers are 2025's best asset | ▲ LONG | primary | RIGHT | +218.8% | +202.7 | 2026-01-04 |
The tape — what was actually said
every capture on any idea holding MU, newest first · quotes verbatim, timestamps deep-link into the episode
Today, they all live in NVIDIA and the memory industry, and they're being shifted towards the hyperscalers
Even Google tin cups from memory right now, because NVIDIA has clogged it all up.
And then there's he's got to buy memory like and there's memory shortage and in that.
memory capacity and bandwidth are foundational to the performance of every AI model. ... this bottleneck is going to be with us for a while. ... the floor pricing in these new contracts is ahead of prior cycle peaks from a gross margin perspective. ... DRAM is probably going to be 30 to 40 percent of all hyperscaler capex next year.
Chamath
support ×2
▲ on
🤖 High-bandwidth memory makers are 2025's best asset
E246 · 2025-10-10
▶ 50:39
When you look at the HBM market... AMD's next architecture actually needs to sit on top of HBM... the people that then control that supply, SK Hynix and Samsung, will have leverage... [Sam is] buying forward capacity on HBM because now he can allocate that share.
Gavin Baker
support ×1
▲ on
🤖 High-bandwidth memory makers are 2025's best asset
E221 · 2025-03-29
▶ 11:07
The price of memory, DRAM, goes up every day. So we're not overbuilt today.
Gavin Baker
support ×2
▲ on
🤖 High-bandwidth memory makers are 2025's best asset
E209 · 2025-01-04
▶ 1:14:09
The companies that make high bandwidth memory... HBM is a bigger part of NVIDIA's COGS on GPUs than Taiwan Semi is. Today there's two companies that can make it, Hynix and Micron... it's been sold out for the last two years. So high bandwidth memory would be my pick.