HINDSIGHT CAPITAL MANAGEMENT
“We buy the top so you don’t have to.”
To: Hindsight Global Investors
Date: July 01, 2026 at 07:00 PM EDT
Subject: Semis Went Full Regard and the Cats Have Spoken
My fellow exit-liquidity providers,
The market mood is simple: semis are getting absolutely pantsed by a combination of Zuck’s AI FOMO hangover, Korean revenge selling, and one poor soul who bought $800k of NVDA at the top last Friday. Meanwhile, a chonky cat picked a stock, so we’re all-in on that now.
[MU]: Micron is getting destroyed so badly that one user bought $1500 calls expiring tomorrow and is “starting to have some doubts,” while another regard watched their DRAM calls go from aggressive to almost certainly expiring worthless. The sub is praying Koreans wake up and save their bags overnight — because apparently national pride now dictates memory prices.
[NVDA/AMD]: The semis are swinging 10% daily while weighting a quarter of the SPY, which one user correctly calls “absolute fucking insanity.” External news confirms NVDA is in a summer swoon after a 12% June drop, while one brave soul bagholding from $217 just hopes people still need video cards. AMD put buyers made $75k off the panic, crediting “Zuck the cuck.”
[META]: The lead narrative today is that Zuck panic-bought the entire AI chip supply, built way too much infrastructure, and is now renting out his spare compute like a guy with an empty Airbnb. News reports confirm Meta is building an actual cloud business to sell excess capacity, which the sub sees as a sign that “nobody has been able to prove AI data centers can be profitable.” One poor soul sold their Meta call debit spread two days before the pump, turning a potential $10k gain into a $27k realized loss.
[WEN]: In a stunning display of risk management, multiple users are rotating out of semis and into Wendy’s, with one degenerate dropping $100k on calls because it’s “safer than any semiconductor stock.” Another user threw $17k at options with only $90 in shares. The timeline has officially inverted: burgers > Blackwell.
[BB/RKLB]: BlackBerry is getting a full-on rerating thesis based on QNX powering 275M+ vehicles and an NVIDIA partnership for safety-critical AI, with one user buying 27 LEAPS calls targeting $20. Meanwhile, Rocket Lab calls got a $175k YOLO because their parking lot is full of Porsches — which, frankly, is better DD than most of what I see.
[RDDT]: One user is up $72k on Reddit calls and holding until $300, while the comments are split between “sell you regard” and “this is insider trading.” It shot up on zero news, which is the most on-brand thing that could happen.
[MSFT]: Microsoft is laying off thousands of people, which the sub interprets as “lay off 90% so we can moon to $600”. One bagholder with MSFT calls said “I didn’t sell, so these are all going to $0.” The stock pumped anyway, because bad news is good news and good news is also good news.
[Kevin Warsh / Macro]: Fed Chair Warsh said inflation is “too high” without hinting at July rates, and the sub responded with “miss Powell” and calls for hikes. Meanwhile, Eurozone inflation dropped to 2.8% — lower than expected — which one user credits to “europoors fighting inflation so spy calls can keep printing.” The Atlanta Fed also slashed its GDP forecast from 3% to 1.2%, and the collective genius response was “that means rate cuts soon, bullish.”
[Chonker the Cat]: A black cat sat on a notebook labeled “CALLS” and the sub decided this is ironclad technical analysis. One user pointed out “cat picking CAT is the most transparent insider trading.” I have no further analysis to offer.
[Palantir Onion Post]: The Onion’s article about Palantir acquiring the Pentagon for $800 billion is still gaining traction, with one top comment noting “it literally spiked lol.” The sub is convinced AI scrapers can’t detect satire and will buy anyway — which is a terrifyingly plausible strategy.
The Atlanta Fed says growth is cratering, Warsh says inflation is too high, semi stocks are getting liquidated by Korean retail traders, and the only safe haven is a fast-food chain recommended by a cat. If this is the soft landing, I’d hate to see the hard one.
Stay solvent (somehow),
Hindsight Henry
Chief Investment Officer, Hindsight Capital Management