1. Credo Technology Group is given a 'buy' rating with robust 1Q25 earnings; 2. Revenue increased by 70% y/y and significant margin improvements; 3. Strong long-term growth outlook driven by increasing demand for faster data transmission and CRDO's dominant market position in active electrical cables.

➀ Intel CEO Pat Gelsinger outlines the future direction following a board meeting; ➁ Plans to establish Intel Foundry as an independent subsidiary; ➂ Maintains current leadership team and adds independent directors for governance; ➃ Continues Smart Capital approach for financial flexibility; ➄ Adjusts manufacturing expansion plans and delays projects in Poland and Germany; ➅ Expands in Europe through Ireland and maintains commitment to U.S. manufacturing investments.

➀ Saxony, Germany, a leading European semiconductor hub, is deepening its ties with Taiwan, as TSMC expands its European footprint. ➁ The strategic partnership aims to position Saxony as a global semiconductor powerhouse, centered in Dresden's 'Silicon Saxony'. ➃ The collaboration extends to electric vehicles (EVs) and robotics.

1. Medical Properties Trust reached a settlement with Steward Health Care, allowing the REIT to lease properties to new tenants, reducing uncertainty and negative sentiment. 2. The REIT's shares soared more than 30% after the settlement, despite a recent 47% dividend cut. 3. Medical Properties is set to control 23 hospitals, with 15 already leased to new tenants, indicating a significant NFFO recovery.

1. MPW faced uncertainty due to Steward Hospitals' default but has now reached an agreement to own and re-lease the properties; 2. MPW's earnings will bottom out in Q4 but are expected to ramp up through 2025 and 2026 as new operators take over; 3. The dividend is restricted to $0.08/quarter but could increase if property transitions are completed rapidly; expect potential raises by mid-2025.

1. CTO Realty Growth has maintained a stable quarterly dividend and currently offers an 8% fully covered dividend yield. 2. The retail REIT is trading at a price-to-free cash flow multiple of 9.71x, below its historical range. 3. Fed rate cuts are expected to boost investor sentiment and the REIT's multiple.

1. Ares Commercial Real Estate reported negative distributable earnings for the second consecutive quarter due to loan sales below book value, impacting profitability and book value. 2. Despite ongoing loan issues, Ares declared a $0.25 per share dividend for 3Q24, reflecting management's confidence in a potential earnings rebound. 3. The stock trades at a 34% discount to book value, suggesting that concerns about dividend cuts are already priced in.

1. Net Lease Office Properties (NLOP) is undervalued despite a 61% YTD share price increase; 2. Strong revenue generation from 47 office properties, with significant tenants like JPMorgan & Chase and CVS Health; 3. Asset sales have picked up, achieving good prices, but near-term lease expirations pose a risk; 4. Attractive investment potential due to undervaluation and successful asset dispositions; 5. Concerns about near-term lease expirations and potential rent concessions.

1. Vonovia has shown a solid recovery but its upside potential is now limited; 2. The company's yield has decreased to less than 3%, and asset disposals raise concerns about long-term growth and valuation; 3. The author plans to rotate investments away from Vonovia, targeting a PT of €35/share.

➀ Intel faces a delay in receiving the CHIPS Act funds promised by the White House in March 2024; ➁ The U.S. government requires Intel to meet certain expectations and pass due diligence checks before releasing the funds; ➂ Intel's recent struggles include a $1.6 billion loss and plans to lay off 15% of its workforce.

➀ The Maharashtra government has approved a Rs 83,947 crore semiconductor manufacturing project in Panvel, Raigad district, marking a significant step in India's efforts to become a global semiconductor hub. ➁ The project is a joint venture between Israel's Tower Semiconductor and India's Adani Group. ➂ It is expected to be India's second chip manufacturing facility and the sixth plant involved in silicon chip production or testing across the country.

➀ Rapidus Corp. is seeking to raise ¥100 billion ($696 million) to finance its chip development efforts; ➁ The company is approaching existing investors including Toyota, Sony, SoftBank, and MUFG Bank, as well as new investors such as Mizuho Bank and Sumitomo Mitsui Banking Corp.; ➂ Rapidus is part of Japan's campaign to regain leadership in the global chip industry.

1. Warren Buffett's initial investment in Apple in 2016 was driven by strong revenue growth and free cash flow. 2. Apple's market cap has grown significantly since then, raising concerns about future returns on buybacks. 3. The article analyzes the current financial situation of Apple, including revenue growth, cash flow, and market cap, and concludes that Apple is currently a 'Hold' due to its less steady growth and high valuation.

1. KKR Real Estate Finance's common shares are trading at a 20.28% discount to book value, with preferreds trading at 84.6 cents on the dollar. 2. The mREIT's distributable earnings cover its quarterly dividend payout by 160%. 3. KREF's book value per share saw sequential growth of 6 cents, and liquidity also grew versus the prior quarter.

➀ Daniel, the first investor of 'Black Myth: WuKong', expressed strong opposition to investing in Web3 games, stating that those who shift to Web3 do not truly love games. ➁ He emphasized the importance of focusing on the team rather than being swayed by new trends. ➂ Daniel's company, Hero Games, was the sole investor and largest external shareholder of Game Science until Tencent's entry in 2021.

➀ Taiwan's local government held the '2024 Taiwan Global Investment and Market Trends Forum,' securing approximately $3.8 billion in investment commitments from 21 companies. ➁ The local government official signed a Letter of Intent (LOI) with 12 foreign firms, including Micron, Applied Materials, and NXP Semiconductors, pledging $1.5 billion in investments over the next 3-5 years. ➂ The investments focus on semiconductor supply chain enhancements, covering manufacturing, equipment, and materials, highlighting Taiwan's appeal in the AI wave.

1. REITs are experiencing a surge in value as interest rates are expected to decrease. 2. Dream Industrial and Clipper Realty are two REITs benefiting from strong rent growth and are expected to gain further from upcoming rate cuts. 3. Both REITs are undervalued compared to their peers, offering potential for significant returns.

1. Prominent billionaire investors are heavily investing in alternative investments such as private credit, real estate, and infrastructure. 2. Strong fundraising momentum and the need for infrastructure development are driving this trend. 3. Top picks include Blue Owl Capital (OWL) and Patria Investments (PAX) due to their stable earnings and attractive growth prospects.

➀ The Beijing municipal government has established a new semiconductor investment fund with a registered capital of 8.5 billion yuan (US$1.2 billion), managed by Zhongguancun Development Group. ➁ This move is part of China's broader strategy to support its chip industry amidst heightened trade tensions with the US. ➂ The new fund joins other initiatives from local governments, including the 'Big Fund' and the Shanghai Semiconductor Industry Investment Fund, indicating a national push towards semiconductor self-sufficiency.

➀ Taiwan and the Czech Republic are planning to build a semiconductor cluster in Europe, aiming to transform the country into a major semiconductor hub within three to five years. ➁ TSMC is building an advanced wafer fab in Dresden, Germany, and needs a comprehensive supply chain in Europe. ➂ The collaboration includes ensuring stable infrastructure and considering investment incentives offered by the Czech government.