CEO & CIO, Alger
5 dated public stances tracked since 2026-05-12, most recently 2026-05-12. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.
The stances below are c8alpha's editorial distillation of Dan Chung's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Dan Chung is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
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Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances. “% correct” is the share of those scored calls whose direction-aware return was positive at the horizon — in a rising market a bullish call is correct by default, so read it beside the market, not alone.
Scored calls
Every tracked call with at least one matured horizon: the rows behind the Returns
line above. A dash is a horizon that has not matured yet.
| Date | Name | Call | 90d | 180d | 1y |
|---|
| 2026-05-12 | WDC | bullish | -10.3% | — | — |
| 2026-05-12 | MSFT | bullish | +24.4% | — | — |
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|
| AI INFRASTRUCTURE ENABLERS (SEMICONDUCTORS, MEMORY, DATA CENTERS, SEMICONDUCTOR EQUIPMENT) | 1 | | 1 bullish | 2026-05-12 |
| CYBERSECURITY SOFTWARE | 1 | | 1 bullish | 2026-05-12 |
| MSFT | 1 | | 1 bullish | 2026-05-12 |
| WDC | 1 | | 1 bullish | 2026-05-12 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2026-05-12
long MEMORY COMPANIES / short TRADITIONAL SOFTWARE INCUMBENTS
pair
Bloomberg The Close · video
AI has collapsed software creation costs, destroying incumbents' pricing power and margins, while simultaneously creating insatiable memory demand — the long memory / short software pair captures both sides of this structural shift
“You go long memory and you short software, and that's paid off handsomely”
US Inflation Accelerates | The Close 5/12/2026
2026-05-12
WDC
bullish
Bloomberg The Close · video
Memory has become a critical bottleneck for AI computing, and with global manufacturing consolidated to only three suppliers, Western Digital faces insatiable AI-driven demand with structurally limited competition
“There's not going to be that many suppliers of memory, and there is an insatiable demand for memory that AI is driving”
90d -10.3%
US Inflation Accelerates | The Close 5/12/2026
2026-05-12
AI INFRASTRUCTURE ENABLERS (SEMICONDUCTORS, MEMORY, DATA CENTERS, SEMICONDUCTOR EQUIPMENT)
bullish
Bloomberg The Close · video
The AI data center buildout is in its hottest phase and capital spend flows disproportionately to enablers — semiconductor, memory, data center, and equipment companies — which have been the biggest stock winners of the past 8-9 months and remain so
“We're right now in the hottest part of the buildout of the AI data center infrastructure and it's all of those enablers that are really the big stock winners”
US Inflation Accelerates | The Close 5/12/2026
2026-05-12
CYBERSECURITY SOFTWARE
bullish
Bloomberg The Close · video
Cybersecurity is the one software sub-sector most likely to benefit from AI because defenders must deploy AI to counter AI-enhanced threats, giving these companies more pricing latitude than marketing-oriented peers who face commoditization
“The one area where likely some of the leaders today will benefit from AI is actually cybersecurity”
US Inflation Accelerates | The Close 5/12/2026
2026-05-12
MSFT
bullish
Bloomberg The Close · video
Microsoft has demonstrated a rare ability to reinvent itself across technology cycles and, with Azure and its OpenAI partnership, is well-positioned as a long-term AI winner despite near-term pressure on its legacy software business
“Microsoft in the longer term will be a winner in AI”
90d +24.4%
US Inflation Accelerates | The Close 5/12/2026
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