Funda AI Agent Platform Launched, Memory LTAs, SpaceX, and more

The past two weeks have been wild by 2026 standards. We skipped last week’s Weekly to focus on a major upgrade to our Agent platform. Now, our Funda AI Agent Platform is live and accessible to all Substack subscribers, with many useful financial research skills applied across different Funda Plays to address your research needs. We’d love your feedback, and more importantly, let us know any skill you’d like us to help you build. If you haven’t already, please enjoy the story behind our product development. Let’s grow our platform together.

Returning to the market, despite the volatility caused by hourly Iranian headlines, we think alpha remained clear. Some of our highlighted names hit new ATHs (such as LITE and TSEM), while others reached new 52-week highs (INTC). With macro uncertainty looming as we enter Mag7 earnings, we believe the best way to navigate market turbulence is to stick with the top AI semiconductor theme. Stay frosty!

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This Week’s Reports (Past Two Weeks)

Memory LTAs have fundamentally changed. Historically, long term agreements (LTAs) were tools for memory vendors to protect themselves. Now, customers use them to secure their own supply. Vendors are mandating multi-year contracts with prepayments and high floor prices. We believe supply constraints may persist through 2030.