Thesis

AI infrastructure demand and pricing power remain durable through enterprise adoption cycles.

Notes

Built a position in phases and added only after earnings confirmed data-center momentum.

Thesis

Cloud, enterprise software, and AI distribution create consistent free cash flow compounding.

Notes

Core long-term holding due to execution quality and operating leverage.

Thesis

Critical supplier in advanced semiconductor manufacturing with limited competitive substitutes.

Notes

Thesis is tied to long-duration chip demand, not quarter-to-quarter sentiment swings.

Thesis

E-commerce and fintech flywheel in Latin America with expanding operating margins.

Notes

Added during volatility after validating sustained logistics and payments growth.