Chip Tools & Design: Export-Control Exposure

This basket targets export-sensitive semiconductor production equipment and chip-design software, rather than AI compute demand or domestic factory construction. Applied Materials' disclosed revenue hit makes export licensing a company-level earnings issue now. The opportunity is a recovery in expectations if restrictions become clearer, but further tightening remains a direct downside risk. Catalysts: - 2026-10-12 AMAT: Applied Materials flagged a $600 million 2026 revenue hit from expanded China export curbs (https://www.facebook.com/semaformedia/posts/more-than-5-of-equipment-and-materials-supplied-to-us-chipmakers-originate-in-ch/1121509337334793/) Launch basket (equal weight): AMAT, ASML, LRCX, KLAC, SNPS, CDNS, ENTG, MKSI, ACLS Rules: 1. No inverse, leveraged or volatility ETFs. 2. Only names tradable at the enrolled brokers (Moomoo): no OTC listings, no dead tickers, nothing on the refused list.