Over the past month, the portfolio's net asset value rose modestly while exposure and investment structure remained broadly unchanged. We continued to focus on AI-related investments and on companies with durable fundamentals, strong competitive barriers and reasonable valuations.

Over the past month, the portfolio experienced a notable drawdown. We continue to focus on fundamental evidence, portfolio concentration, and overall risk exposure.

In this episode, we continue our in-depth conversation with clients. We discuss how AI is reshaping the foundational layers of the world, from computing power and connectivity to healthcare and life extension. The conversation then expands into the industrial evolution of AI infrastructure, including chips, networks, and system architecture, and how to apply first-principles thinking amid this structural transformation. This episode is for research discussion and personal vie

BEDROCK Growth Monthly Report for June 2026.

Bedrock Growth Fund SPC ranked No. 1 by net return for May 2026 in BarclayHedge Equity Long-Bias.

This episode discusses how the investment framework is being rewritten in the AI era, from research workflows and industry opportunities to portfolio construction.

Global markets continued to recover in May 2026, with clear divergence across regions. We maintained high equity exposure, focusing on semiconductors, advanced manufacturing, internet, fintech, and consumer-related opportunities.

As the first half of 2026 approaches its close, this episode reviews BEDROCK’s portfolio operations and discusses how AI is reshaping investment research.

Excluding non-market factors and colors, Huawei’s τ law can be understood as the same thing as Lao Huang’s extreme co-design.

From 48V to 800V, and then to solid-state transformers, the bottlenecks in AI data centers are continuing to move from chips, networks, and liquid cooling to more upstream power electronics and energy supply.

This episode is a collaboration between BEDROCK and Trader. Topics include: Starting with DCI, the driving logic behind it; The structure and bottlenecks of AI infrastructure; The rationality and sustainability of AI capital expenditure; The diffusion of opportunities in the industry chain, technological iteration, etc.; The coexistence of opportunities for both old and new AI.

The role of DCI has changed. Once computing power is no longer crammed into a data center, demand will not only follow the number of users, but will be amplified by the number of nodes, single connection bandwidth, and topology level.

We recently spoke with BY (pseudonym), a frontline AI engineer. Having worked extensively on the front lines of AI productization, he focused less on model rankings and more on the challenges of truly implementing coding agents, enterprise AI, and physical AI…

We are still very optimistic about the capability curve of AI: models are getting stronger, tasks are longer, and AI R&D itself is beginning to be automated. The real question is how quickly the real world can pick it up, embed capabilities into workflows, and ultimately translate into revenue or cost improvements.

BEDROCK Global Growth Fund SPC - Net Return for April 2026 ranked No. 1 in BarclayHedge Equity Long Bias.

Where does the difference between people really come from? We are increasingly convinced that the real difference lies not in "computing power", but in "storage".

Global capital markets diverged significantly in March 2026 under the strain of the Iran conflict.In the United States, the S&P 500 declined approximately 3% for the month - though a 2.9%rally on the final trading day, driven by ceasefire hopes, meaningfully cushioned the drawdown.The Nasdag fell roughly 8%, with the technology sector recording its fifth consecutive month oflosses - the longest such streak since 2002.

Bedrock Growth Fund SPC ranked in Top 10 for Equity Long-Bias category for February 2026

Should the future of AI be dominated by storage and connectivity, with computing accounting for only a small portion?