For the past six months, I have been gradually exchanging ETH for U.S. stocks, mainly allocating positions in AMD, Google, and Broadcom, with AMD accounting for 50% of the U.S. stock holdings, and the average cost basis for the position is 184.

I have recommended AMD to almost all my friends, for four reasons:
1. NVDA is currently overvalued, with a market cap of over four trillion dollars, based on nearly 90% market share monopoly. AMD is the most likely to capture this share.
2. NVDA's monopoly is due to the CUDA ecosystem; in the AI era, CUDA's dominance is unsustainable, and developers are much more likely to migrate to other platforms.
3. Building AI data centers requires not only a large number of GPUs but also CPUs. AMD is the only company that has both GPT and CPUs.
4. AMD's market cap is only over 400 billion dollars; as long as AI continues to develop, reaching a trillion-dollar market cap is easy, but NVDA reaching ten trillion is not so simple.
However, as AMD has recently accelerated breakthroughs before the earnings season, I have started to gradually sell off, planning to exit completely above 300-320. If there’s an opportunity to buy back below 250 later, I will do so.
Additionally, the funds raised are gradually being used to build positions in Pop Mart. I discussed with a friend yesterday and feel that Pop Mart's current price is somewhat undervalued, with a P/E ratio of just over 10.
China is now following the same old path Japan took during its lost 30 years, and Pop Mart is a very certain target; the recent 30% drop is a great opportunity to build a position.