$MicroSectors FANG+ Indx 3x Leveraged ETN(FNGU.US)Magnificent 7 is legit!

Hopefully this fund can replace $Tesla(TSLA.US)With $Taiwan Semiconductor(TSM.US)or other else.

Even if Musk uses his words to support the stock, it can only be a short-term positive.

1. Currently, Tesla's competitiveness in the domestic market is gradually declining, coupled with the price war in China. (I have always believed that any industry engaged in a price war is not a good one!)

2. Secondly, the transition to electric vehicles in Europe and the US is not as strong as in China, even though they were the first to propose the concept of carbon neutrality. However, electricity prices in Europe and the US are not as cheap as in China, which means that even with less competition overseas, Tesla's sales are still affected.

3. As for Tesla's FSD, which is key to its second growth curve, I personally think the iPhone moment might be close, but you can never know when it will actually happen. Right now, large models are all about brute force—massive computing power, parameters, and data. But whether it can achieve emergent intelligence like ChatGPT is still a black box, and no one can say for sure.

4. Of course, I also hope the scaling law is effective. After all, who wouldn’t want to buy a robot to serve them? ChatGPT’s spring release has already proven itself with its voice assistant. The soul is here—how far can the body be?