u/simonada

Source: r/LeverageSharesEU

Amazon's bet on Anthropic is paying off in a big way.

According to Amazon's latest 10-Q (filed July 31, 2026), the fair value of its Anthropic holdings has surged to $190.4B, up from $60.6B in Q4 2025. That's a +214% increase in just three quarters.

Here's how the position breaks down:

Q4 2025 - $60.6B

• Convertible Notes: $45.8B
• Nonvoting Preferred Stock: $14.8B

Q1 2026 - $74.2B

• Convertible Notes: $42.2B
• Nonvoting Preferred Stock: $32.0B

Q2 2026 - $190.4B

• Convertible Notes: $97.9B
• Nonvoting Preferred Stock: $92.5B

The big jump in Q2 is driven by a massive revaluation of both the convertible notes and the preferred stock at fair value. Anthropic's valuation has clearly moved significantly between quarters, and Amazon is sitting on one of the largest single AI stakes of any public company.

For context, this position alone is now worth more than the market cap of most S&P 500 companies.

What do you think - is this already priced into AMZN, or is the market still undervaluing Amazon's AI portfolio?

Leopold Aschenbrenner’s Situational Awareness is betting big on the AI infrastructure boom.

Its Q2 2026 equity portfolio is led by:

• Sandisk: 28.0%
• Micron: 27.5%
• Bloom Energy: 9.6%
• TSMC: 6.4%
• Nebius: 6.1%

Reported AUM reached $20.2B, up 48% QoQ.

📌 For those of you who want to see a detailed breakdown of this information, find the full data here.

The Swiss National Bank is betting big on tech.

Technology and communications holdings have grown 16.6x since 2014, reaching a record 47.9% of its $191.4B US equity portfolio.

Its largest positions: Nvidia, Apple, Google, Microsoft and Amazon.

📌 For those of you who want to see a detailed breakdown of this information (Top 1,000), find the full data here.

Google’s reported equity holdings jumped 24.7x to $99.1B in Q2.

The reason? Its existing $94.2B SpaceX stake became reportable following the IPO, making up 95% of the portfolio.

One position is now worth more than all its reported holdings from the previous 50 quarters combined.

SpaceX has erased more than the entire value of Tesla since its first week of trading. 

Since its debut, the company's market cap has collapsed from a $2.77T peak to $1.48T, a 46.4% drop erasing $1.28T, more than Tesla's entire $1.2T valuation. 

Are we going to see SpaceX trading in double digits soon? 

From $4B to $53B in quarterly revenue.

SK hynix's transformation tells the story of the AI era.

• DRAM has shifted from PCs and smartphones to AI servers powered by HBM.
• NAND is evolving into an enterprise SSD business as AI data centers drive storage demand.
• Analysts now expect SK hynix's quarterly revenue to approach $100B in the years ahead.

AI didn't just create another demand cycle, it rewrote the economics of the memory industry.

The DRAM market isn't competitive. It's concentrated.

For every $10 spent on DRAM globally, almost $9 goes to just three companies.

• Samsung
• SK hynix
• Micron

Together, they control 89.7% of industry revenue.

The biggest story beneath the surface? China's CXMT has grown to 7.6% of the market - a reminder that the competitive landscape is slowly evolving as demand for AI memory continues to surge.

The question isn't whether DRAM demand will grow.

It's whether anyone can break the dominance of the industry's Big Three.

The global chip industry is now worth $18.8 trillion.

Nvidia alone accounts for 27% of the market, while the US commands a 62% share.

Meanwhile, the AI memory boom has pushed Samsung and SK hynix to a combined $2 trillion valuation.

Which chipmaker has the most room to grow?

📌 For those of you who want to see a detailed breakdown of this information, find the full data here.

From South Korea to Silicon Valley.

The U.S. has become SK Hynix's largest market, generating 65% of quarterly revenue as AI infrastructure spending reshapes global demand for memory chips.

Holders of $LCDL will not receive anything despite LCID recovering later on.

GraniteShares announced that the fund's NAV turned negative after LCID's sharp decline triggered the swap counterparty to close all positions, as outlined in the fund's prospectus. With the NAV at approximately -$0.016 per share, no assets remain, meaning investors will receive $0 when the ETF is liquidated. Trading has been halted, and the fund is in the process of being delisted.

Although LCID has since recovered, that rebound has no impact because the leveraged positions were already closed at a total loss. This serves as a reminder that daily 2x single-stock ETFs are intended for short-term trading and can lose their entire value even if the underlying stock later recovers.

AI memory demand is translating into real earnings.

Micron reported +346% YoY revenue growth, with Cloud Memory (+307%) and Core Data Center (+653%) leading the way.

See how $MU turned $41.5B in revenue into $28.2B in net profit.

📌 For those of you who want to see a detailed breakdown of this information, find the full data here.