13-Agent Research
Portfolio Strategy
Portfolio Rebalancing — Thematic Rotation
Own the Bottleneck:
2026 Portfolio Strategy Read with NAND Supercycle Pattern
Sell KORU/RKLB, Newly Incorporate MU/CCJ —
Concentrated Portfolio of 5 Stocks Betting on Structural Supply Shortages of Memory Semiconductors, Uranium & Silver
Date February 22, 2026
Strategy Own the Bottleneck
Coverage US Equities
Action Rebalance
Analysts 13-Agent Desk (6 agents deployed)
Executive Summary
- NAND flash prices are soaring +33~38% QoQ, entering a memory supercycle. Phison CEO warns that "NAND shortage will continue for the next 10 years." DRAM/NAND/HBM are completely sold out in 2026.
- KORU reaches 99.7% of its 52-week high — the optimal selling point considering the structural time value consumption of 3x leveraged ETFs. RKLB has an excessive valuation burden as a P/S 70x loss-making company.
- Newly incorporate Micron (MU) with a 25% weighting: a direct beneficiary of the triple supply shortage of NAND/DRAM/HBM. Order fulfillment rate is only 50~66%, and Goldman Sachs forecasts a DRAM supply shortage of 4.9% and a NAND supply shortage of 4.2%.
- Newly incorporate Cameco (CCJ) with a 20% weighting: Uranium structural supply gap of 32% (until 2045), mine development lead time of 15 years. Explosion of AI data center power demand is a catalyst. Technical analysis 13/17 indicators Strong Buy.
- Reduce PLTR 40%→25%, IREN 25%→15% weighting. Expand SLV 10%→15%. Final portfolio consists of 5 stocks with the triple threat of "demand explosion + impossible supply expansion + pricing power."