My biggest portfolio position is up 9% today, breaking the $1 trillion mark and hitting a new ATH.

What's behind it:

- Jensen Huang again said in a CBS interview that AI demand is "enormous," dismissing AI collapse scenarios as "doomsday narratives."

- Treasury Secretary Bessent reports "very successful" talks with China ahead of this week's Trump–Xi summit, which the market clearly reads as easing trade tensions.

AMD is also on its fifth straight day of gains and is up over 160% since January.

AMD thus joins $NVDA, $AAPL, $MSFT, $GOOG, $AMZN and even $META in the club of companies above $1 trillion – further proof that the market's AI bet is spreading beyond Nvidia.