SRS Portfolio - 26 March 2023 + Moore's Law

Portfolio - 26 March 2023

The SRS portfolio received $770 of distribution from AIMS APAC REIT on 24 March 2023. The portfolio value improved from $350k in my previous update to $355k.

AIMS enjoys a high occupancy rate of more than 97% and is pretty well managed. The DPU grew by 10.2% over the same quarter the year before and is currently trading at a yield of more than 7.8%. Nothing that I should be concerned about at this juncture. 

Moore's Law

I am sure you have heard of Murphy's law, but have you heard of Moore's Law? Anyway, he just passed away on 24 March and he was a co-founder at Intel. 

In 1965, six years after the invention of the transistor, Moore forecast in a magazine article that the number of transistors and other components on a chip would double every year for the next decade. The prediction, dubbed Moore's Law by an Intel colleague, has come to exemplify the onrush of technological advance ever since.

"I wanted to predict that this would be the way to make electronics inexpensively, which was not generally acknowledged at that time," he later said. His prediction suggested that the number of transistors on a chip would leap from 60 to 60,000 over the next 10 years — "a pretty wild extrapolation" but one that turned out to be "ridiculously accurate".

On a personal note - I just got a laptop for my son today and it is running on AMD Ryzen 7 chip. 

When I first bought my PC, Intel is the superior technology leader as compared to AMD. If you recall, you need to have an "Intel Inside" sticker on your PC and it was such a successful marketing campaign. Fast forward 20 years later, Intel is in a dire state and AMD has overtaken Intel in market cap and share price performance. 

Relative price chart of AMD versus INTC over the last 10 years

My own prediction - Intel will be gone in 10 years time. The downside case is that it becomes technological obsolete and the upside case is that be merged with AMD or acquired by NVIDIA.