There have been droves of podcasts, TV shows, and even movies that have chronicled the downfall of the “$47 Billion Unicorn” during its last attempt to go public in 2019.
If you’ve read the news recently, you know that China is unwinding.
On top of the worsening Evergrande situation, President Xi Jinping has been cracking down on Chinese tech companies utilized by the U.S., which would be bad news for companies reliant on Chinese and Taiwanese semiconductors.
As I mentioned yesterday, semiconductor demand is rising and it won’t stop any time soon. The resulting shortage has created massive backorders for all tech from PCs to washing machines – and many investment opportunities for us.