"Viking Investment Notes" 2025.6.24 Keywords: US Stock Altcoin Season | AI Allocation | Alpha De-weighting ⸻ 【Alpha De-weighting | Shifting Focus to Other Main Lines】 I haven't talked about Alpha for several days on purpose because I spent too much time discussing Alpha earlier, which took up too much of my energy and focus. Recently, I've basically lowered the weight on this matter, mainly leaving it to a few responsible people to handle it fully. I don't want to spend too much thought on these issues. So far, it seems they are doing okay; although the returns have decreased, they are still better than mid to low strength. As long as there isn't a major crash risk, it's actually fine. Anyway, let them earn some money, and I can also earn some passive income. ⸻ 【Market Observation | US Stocks "Buy Coin Announcement" Drives Surge】 Today's market is looking good again, mainly because it seems Iran and Israel have stopped fighting, and the Federal Reserve is also being dovish, creating a generally positive atmosphere. Recently, some companies in the US stock market have announced that they are buying various cryptocurrencies, and their stocks have surged quite a bit. There are now companies buying Bitcoin, Ethereum, Solana, BNB, Hype, and TRX; as long as they have these announcements, their stock prices soar. I think this is an opportunity. If someone is interested, they can monitor US companies that announce they are buying coins, and then buy as soon as the announcement is made. Given the current FOMO sentiment, I believe it can be profitable. Of course, I don't know how long it will last; I really didn't expect it to explode to this extent. Although the industry is cold, it's quite surprising that these stocks are rising so much. ⸻ 【AI Allocation | Small Position Testing with Google】 Today, I had lunch with a friend, and we talked about some operations and gains from this cycle.整理下来难度还是很大，目前他也基本上属于半躺平状态，就耐心等机会。 I tend to be someone who can't sit still, so in the absence of a market in Web3, I want to focus more on AI. Before today, a friend had shared some US stock targets related to AI, and then today I saw another friend mention it again. Combining this with my own understanding of AI, I bought a little bit of Google. Google is doing well in AI, and there are opportunities, plus the current valuation isn't that high. It's a small allocation, just to get my foot in the door. ⸻ 【Hong Kong Stock IPO | Participating in Coconut Water】 In terms of Hong Kong stock IPOs, I participated in coconut water today. This is a product I often drink, and I hope to make some money from it. ⸻ Gratitude Section: • Thanks to my wife for taking care of Pearl; she has been looking after the kids these days, which is quite hard; • Thanks to Huahua for watering the plants on my desk; • Thanks to AD for the inspiring exchanges.