Ambitious and fast-growing chipmaker AMD moved down by -18.68%, which was balanced out by software names like MSFT (+23.6%), ADBE (+21.17%), and SNOW (+14.32%). The total monthly return came to +2.35%, and in absolute terms, 4 632.49 €. One can be satisfied with this return, as the result is several percentage points better than the S&P500 (EUR) index. However, on a yearly basis, the portfolio is still trailing the index, as it has not yet fully recovered from the first-quarter SaaS apocalypse.
Regarding transactions, I only made one trade in my investment account, which was 10 shares of DigitalOcean (DOCN) at a price of 134.10 USD. From the fair value calculation I got 152 USD. I decided to acquire a small amount because DigitalOcean's revenue growth rate has accelerated and is expected to remain faster for many years to come. Nebius (NBIS) and Corewave (CRWV), which have provided much discussion in financial communities, have similar business models but with much more concentrated client bases and huge financial leverage. DigitalOcean, on the other hand, has somewhat more modest growth (expected 3-year average revenue CAGR of approx. +40%), but it is a more stable and risk-conscious choice to benefit from the rise of AI infrastructure.
