Buzzberg Cup Live

20% Nasdaq Crash Just Months Away; Investor Reveals Top Shorts | David Woo

Watch on YouTube ↗  |  July 03, 2026 at 22:14  |  54:51  |  The David Lin Report
Speakers
David Woo — Founder, David Woo Unbound

Summary

David Woo argues the AI bubble is nearing its end, driven by unsustainable capex and regulatory risks for frontier models. He is short the Nasdaq 100 and specific chip sectors, and long oil due to Middle East geopolitical tensions. He also watches gold for a post-bubble rally and recommends a yield-curve steepener.

  • AI trade is losing momentum as capex returns diminish and frontier models face restrictions
  • Memory chip rally (Samsung, Micron, SK Hynix) will fade as new capacity comes online
  • Inference chip makers (Broadcom, AMD) suffer from commoditisation and margin compression
  • Oil prices are set to rise on US-Iran tensions and White House divisions
  • Gold will struggle until the AI bubble bursts and real yields decline
  • A 5s30s yield-curve steepener is the preferred rates expression of the same macro view
  • Bitcoin faces legislative and retail-liquidation headwinds with limited upside
Ideas
David Woo Founder, David Woo Unbound 0:12
AI bubble bust drives 20% Nasdaq drop
The AI bubble will burst in the second half of 2026 because capex is unsustainable. The whole AI supply chain is funded by expected future revenue from Anthropic and OpenAI, which is now uncertain due to regulatory risks for frontier models like Mythos and Chinese competition. Once the capex story ends, the Nasdaq will drop 20% rapidly.
QQQ HIGH
David Woo Founder, David Woo Unbound 0:35
Geopolitics drive oil higher
Oil prices will head higher because the Lebanon-Israel deal, brokered by US Secretary of State Marco Rubio, signals a fracture in the White House between hawks and doves. This makes Trump less likely to make concessions to Iran, and Iran will walk away from negotiations after July 4th, pushing oil up.
WTI HIGH
David Woo Founder, David Woo Unbound 5:04
Gold rallies only after AI crash
Gold is currently struggling because high real yields, driven by the AI bubble, are a headwind. Once the AI bubble bursts, the US economy will slow, real yields will fall, the dollar will weaken, and the Fed will cut rates, triggering a sustained gold rally similar to post-dotcom.
GLD MED
David Woo Founder, David Woo Unbound 18:36
Inference chips commoditise, margins compress
Inference chips from Broadcom, AMD, and others are becoming commoditised. Unlike training chips, they are easy to design, and even OpenAI is making its own inference chips. This erodes differentiation and compresses profit margins.
AVGO AMD LOW
David Woo Founder, David Woo Unbound 19:00
Memory chip rally unsustainable, will fizzle
High-bandwidth memory chips (HBM) from Samsung, Micron, and SK Hynix have surged due to a temporary shortage after years of underinvestment. However, the chips are not sophisticated, new capacity is coming online by end of 2026, and Chinese competitors can also produce them. The rally will fizzle out.
005930.KS MU 000660.KS MED
David Woo Founder, David Woo Unbound 21:46
Tesla robots/robo-taxis fail, stock overvalued
Tesla’s valuation depends on humanoid robots and robo-taxis, but those projects are going nowhere. The Chinese are making better humanoid robots, and there are scary stories from robotaxi trial cities. The stock sold off on good revenue, signalling investor disappointment with the long-term growth story.
TSLA MED
David Woo Founder, David Woo Unbound 52:09
Steepener benefits from AI bust, Fed cuts
If the AI bubble bursts and the Nasdaq falls 20%, the US economy will slow, the Fed will cut rates, and the yield curve will steepen. Long 5-year Treasuries and short 30-year Treasuries as a steepener trade.
5-year US Treasury bonds MED
David Woo Founder, David Woo Unbound 52:09
Steepener benefits from AI bust, Fed cuts
If the AI bubble bursts and the Nasdaq falls 20%, the US economy will slow, the Fed will cut rates, and the yield curve will steepen. Long 5-year Treasuries and short 30-year Treasuries as a steepener trade.
30-year US Treasury bonds MED
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This The David Lin Report video, published July 03, 2026, features David Woo discussing QQQ, WTI, GLD, AVGO, AMD, 005930.KS, MU, 000660.KS, TSLA, 5-year US Treasury bonds, 30-year US Treasury bonds. 8 trade ideas extracted by AI with direction and confidence scoring.

Speakers: David Woo  · Tickers: QQQ, WTI, GLD, AVGO, AMD, 005930.KS, MU, 000660.KS, TSLA, 5-year US Treasury bonds, 30-year US Treasury bonds