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TeraWulf $WULF CFO Patrick Fleury states that either NVIDIA, Amazon, or Google will backstop Anthropic's lease payments to TeraWulf at their 401MW Kentucky data center, unless Anthropic itself goes public and establishes a "really strong" investment grade credit rating in the near-term. "In the press release, we said that...

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Nvidia just backstopped $100B for OpenAI’s Ohio data center that will house its chips. Here's why: “OpenAI doesn't have the credit to be able to kind of lease that on its own and convince lenders to back it.” “So it would need kind of an investment grade company with a strong balance sheet such as Nvidia to back it.” — Phoebe Liu
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Nvidia just backstopped $100B for OpenAI’s Ohio data center that will house its chips. Here's why: “OpenAI doesn't have the credit to be able to kind of lease that on its own and convince lenders to back it.” “So it would need kind of an investment grade company with a strong balance sheet such as Nvidia to back it.” — Phoebe Liu

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🔥TERAWULF CEO: "WE'RE NOT INVOLVED IN BITCOIN" The company started as a Bitcoin miner but the CEO says the business was "not natural for us. Bitcoin didn't offer predictable cash flow." He adds bitcoin was "great for a short period of time to help us transition to long-term, investment-grade credit off-takes in the data center world." TeraWulf just signed a 20-year, $19 billion lease with Anthropic to host the AI company at a Kentucky data center.
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🔥TERAWULF CEO: "WE'RE NOT INVOLVED IN BITCOIN" The company started as a Bitcoin miner but the CEO says the business was "not natural for us. Bitcoin didn't offer predictable cash flow." He adds bitcoin was "great for a short period of time to help us transition to long-term, investment-grade credit off-takes in the data center world." TeraWulf just signed a 20-year, $19 billion lease with Anthropic to host the AI company at a Kentucky data center.

Coin Bureau

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Chris Camillo just made the most bullish case on $AMZN. Everyone worried when Amazon raised their capex to $200 billion Camillo believes they might make that $200 billion back on their Anthropic investment alone when Anthropic IPOs. What Amazon has done in the last 18 months is remarkable in scope. They didn't try to win the foundation model race against OpenAI and Google directly. They went a completely different direction, positioning themselves as the infrastructure underneath everything that is AI. Trainium chips, cloud buildout, advertising integration and equity stakes in two of the three most important AI companies on the planet. First Anthropic. Now $50 billion into OpenAI on top of that. And that OpenAI investment isn't just a financial bet. It ties OpenAI into Amazon's cloud ecosystem, probably permanently. Two of the big three AI labs now run on Amazon infrastructure. Google is the only one that doesn't. The market has spent two years debating who builds the best model. Amazon decided to own the plumbing those models run on and bought equity in the winners while they were at it.
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Chris Camillo just made the most bullish case on $AMZN. Everyone worried when Amazon raised their capex to $200 billion Camillo believes they might make that $200 billion back on their Anthropic investment alone when Anthropic IPOs. What Amazon has done in the last 18 months is remarkable in scope. They didn't try to win the foundation model race against OpenAI and Google directly. They went a completely different direction, positioning themselves as the infrastructure underneath everything that is AI. Trainium chips, cloud buildout, advertising integration and equity stakes in two of the three most important AI companies on the planet. First Anthropic. Now $50 billion into OpenAI on top of that. And that OpenAI investment isn't just a financial bet. It ties OpenAI into Amazon's cloud ecosystem, probably permanently. Two of the big three AI labs now run on Amazon infrastructure. Google is the only one that doesn't. The market has spent two years debating who builds the best model. Amazon decided to own the plumbing those models run on and bought equity in the winners while they were at it.

Milk Road Macro

55,169 Aufrufe • vor 3 Monaten

Chris Camillo made the most bullish case on $AMZN. Everyone worried when Amazon raised their capex to $200 billion Camillo believes they might make that $200 billion back on their Anthropic investment alone when Anthropic IPOs. What Amazon has done in the last 18 months is remarkable in scope. They didn't try to win the foundation model race against OpenAI and Google directly. They went a completely different direction, positioning themselves as the infrastructure underneath everything that is AI. Trainium chips, cloud buildout, advertising integration and equity stakes in two of the three most important AI companies on the planet. First Anthropic. Now $50 billion into OpenAI on top of that. And that OpenAI investment isn't just a financial bet. It ties OpenAI into Amazon's cloud ecosystem, probably permanently. Two of the big three AI labs now run on Amazon infrastructure. Google is the only one that doesn't. The market has spent two years debating who builds the best model. Amazon decided to own the plumbing those models run on and bought equity in the winners while they were at it.
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Chris Camillo made the most bullish case on $AMZN. Everyone worried when Amazon raised their capex to $200 billion Camillo believes they might make that $200 billion back on their Anthropic investment alone when Anthropic IPOs. What Amazon has done in the last 18 months is remarkable in scope. They didn't try to win the foundation model race against OpenAI and Google directly. They went a completely different direction, positioning themselves as the infrastructure underneath everything that is AI. Trainium chips, cloud buildout, advertising integration and equity stakes in two of the three most important AI companies on the planet. First Anthropic. Now $50 billion into OpenAI on top of that. And that OpenAI investment isn't just a financial bet. It ties OpenAI into Amazon's cloud ecosystem, probably permanently. Two of the big three AI labs now run on Amazon infrastructure. Google is the only one that doesn't. The market has spent two years debating who builds the best model. Amazon decided to own the plumbing those models run on and bought equity in the winners while they were at it.

Milk Road Stocks

41,351 Aufrufe • vor 1 Monat

"Credit to Shaun for bringing in the SpaceX investment. We vote on companies, and I think someone voted a one. I've seen fours, of course. I've seen threes. Never seen a two. After that proposition occurred, he didn't give up. He just kept pushing. He forced all the partnership to fly over to see with their own eyes. We ended up doing a smaller investment that led to a big investment, and now, a couple of years later, that's one of the best investments in the history of the firm." Julien Bek What did you see that got you so excited? What is the upside from here? 10 years out, where is SpaceX Shaun Maguire
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"Credit to Shaun for bringing in the SpaceX investment. We vote on companies, and I think someone voted a one. I've seen fours, of course. I've seen threes. Never seen a two. After that proposition occurred, he didn't give up. He just kept pushing. He forced all the partnership to fly over to see with their own eyes. We ended up doing a smaller investment that led to a big investment, and now, a couple of years later, that's one of the best investments in the history of the firm." Julien Bek What did you see that got you so excited? What is the upside from here? 10 years out, where is SpaceX Shaun Maguire

Harry Stebbings

35,081 Aufrufe • vor 5 Tagen

When asked about report that Jensen is “not happy” with OpenAI: “That's nonsense. That's complete nonsense. We are going to make a huge investment in OpenAI” - NVIDIA CEO Jensen Huang $NVDA “I really love working with Sam” “We haven’t made the investment in them because they're closing their round. But we will definitely be involved in their next round.” “We will invest a great deal of money. Probably the largest investment we've ever made.”
1:07

When asked about report that Jensen is “not happy” with OpenAI: “That's nonsense. That's complete nonsense. We are going to make a huge investment in OpenAI” - NVIDIA CEO Jensen Huang $NVDA “I really love working with Sam” “We haven’t made the investment in them because they're closing their round. But we will definitely be involved in their next round.” “We will invest a great deal of money. Probably the largest investment we've ever made.”

tae kim

85,627 Aufrufe • vor 7 Monaten

SF Compute CEO evan conrad on his contrarian thesis that OpenAI and Anthropic won't eat the world, everyone will become OpenAI and Anthropic instead: "Our impression is not that OpenAI and Anthropic will eat the world, it's that everyone will look like OpenAI and Anthropic. That's simply the way that companies work now." "Every single company in the world that is of meaningful scale will look like a frontier lab. There is this belief that the large labs have won it all, and they've got this compounding advantage. The default assumption of that is assuming nobody else will do anything." "The bottleneck was there's 100 people, and they know how to train the models. Or you thought, the problem is compute. The problem of compute is credit. And OpenAI and Anthropic are not unique to having credit. In fact, they don't have as good credit as other people." "If you assume the problem is not the researchers, that that problem's basically gone away the moment you got to auto research, then what you should assume is that pretty much every other company is going to swap the way they work to look like a frontier lab. It won't be OpenAI and Anthropic take the whole world. It's that everyone's OpenAI and Anthropic now." San Francisco Compute
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SF Compute CEO evan conrad on his contrarian thesis that OpenAI and Anthropic won't eat the world, everyone will become OpenAI and Anthropic instead: "Our impression is not that OpenAI and Anthropic will eat the world, it's that everyone will look like OpenAI and Anthropic. That's simply the way that companies work now." "Every single company in the world that is of meaningful scale will look like a frontier lab. There is this belief that the large labs have won it all, and they've got this compounding advantage. The default assumption of that is assuming nobody else will do anything." "The bottleneck was there's 100 people, and they know how to train the models. Or you thought, the problem is compute. The problem of compute is credit. And OpenAI and Anthropic are not unique to having credit. In fact, they don't have as good credit as other people." "If you assume the problem is not the researchers, that that problem's basically gone away the moment you got to auto research, then what you should assume is that pretty much every other company is going to swap the way they work to look like a frontier lab. It won't be OpenAI and Anthropic take the whole world. It's that everyone's OpenAI and Anthropic now." San Francisco Compute

MTS

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As President Donald J. Trump has said, there’s more at stake than just the tariff income. The President has used IEEPA to bring in trillions of dollars of overseas investment, and that could all be at risk of being reversed. I am very confident the Supreme Court is going to allow the signature economic policy and not throw a wrench into things. We are bringing in substantial revenue, representing trillions and trillions of dollars in investment. The economy is hot, and one of the reasons is massive overseas investment – and to reiterate, it is the President’s use of IEEPA tariffs which is driving this investment.
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As President Donald J. Trump has said, there’s more at stake than just the tariff income. The President has used IEEPA to bring in trillions of dollars of overseas investment, and that could all be at risk of being reversed. I am very confident the Supreme Court is going to allow the signature economic policy and not throw a wrench into things. We are bringing in substantial revenue, representing trillions and trillions of dollars in investment. The economy is hot, and one of the reasons is massive overseas investment – and to reiterate, it is the President’s use of IEEPA tariffs which is driving this investment.

Treasury Secretary Scott Bessent

366,697 Aufrufe • vor 7 Monaten

📁 Dario Amodei, CEO of Anthropic, says that in just three years AI went from high school level to writing professional-grade code. He warns that in one or two years we could see a country of geniuses inside a data center. That is why he argues for acting now and adopting a paranoid engineering mindset, where every possible failure is anticipated.
2:36

📁 Dario Amodei, CEO of Anthropic, says that in just three years AI went from high school level to writing professional-grade code. He warns that in one or two years we could see a country of geniuses inside a data center. That is why he argues for acting now and adopting a paranoid engineering mindset, where every possible failure is anticipated.

Jon Hernandez

42,034 Aufrufe • vor 7 Monaten

Jensen Huang just admitted the biggest AI labs can't borrow money like normal companies. So Nvidia signs for them, and they spend it on Nvidia chips. Nvidia reported Wednesday and the numbers are absurd: Revenue of $96.2 billion, up 106%, with net income of $59.7 billion, the most profitable quarter any public company has EVER posted. And Huang just told Fox Business that every chip Nvidia can make next year is already sold. Here's why this matters the most: Huang wrote this himself about his own customers: "Frontier AI labs have extraordinary demand for training and inference compute, but many are growing faster than their balance sheets and long-term credit profiles can support." Then: They "still lack the decades-long infrastructure contracts and investment-grade financing capacity needed to secure the AI factory infrastructure independently." Put simply: His customers can't get the loans. So Nvidia signs for them. There's a compute campus going up in Ohio with OpenAI as the tenant. Nvidia has tied roughly $105 billion in commitments to it. OpenAI's existing and planned commitments now come to about 12 gigawatts of Nvidia compute. CFO Colette Kress told analysts Nvidia will also provide selective credit enhancement for nearly 2 gigawatts of compute at a second frontier lab. She wouldn't say which one. Nvidia put up to $10 billion into Anthropic in November at a valuation near $350 billion, and Anthropic agreed to buy up to a gigawatt of Grace Blackwell and Vera Rubin systems in the same deal. And Nvidia isn't only guaranteeing these companies. It OWNS pieces of them. This week's filing shows $18 billion committed to equity investments for the rest of the fiscal year, and $47.9 billion already sitting in private companies as of late July. Now here's where it gets really insane: Last week, Huang sat on a CNBC set surrounded by six of Wall Street's biggest firms. Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR. They signed a memorandum to mobilise up to $500 billion in outside capital for AI data centres. Nvidia kept the option to backstop up to a quarter of those deals. And Huang used that stage to announce that Nvidia GPUs are now an asset class. Pension and credit funds can now lend against graphics cards the way they lend against office towers. Kress saw the accusation coming and got ahead of it on the earnings call: "We recognise the scale of this support, and we know some will call this circular financing. We see it differently." But look at the two things Huang says about the same companies. On the earnings call he said AI has hit its inflection point, that the tokens are productive and profitable, and that compute is now revenue. But he also said those same labs can't secure investment-grade financing on their own. A business that's inflecting into profit is exactly the business a bank lends to. Banks lend against cash flow every day. But Nvidia‘s guarantee exists because something in that first story isn't landing with the people whose job is pricing risk. Kress does have a real answer to this though. She said the second lab's credit support only complements capacity it already secured on its own, without Nvidia backing it. Vendor financing is also old and legal. Cisco did it and GE built a finance arm on it. Huang's case is that Nvidia understands these businesses better than any lender could, and he says the risk is low and his only regret is not investing more and sooner. He may be completely right. But one thing is certain: Nvidia guarantees the paper. The paper buys the chips. Nvidia books the sale. Then Nvidia tells you the order book is full for a year. That order book is the entire argument for a $5 trillion company. And Jensen Huang just explained, in his own words, that his customers couldn't have written those orders without him. Isn’t this suspicious?
1:35

Jensen Huang just admitted the biggest AI labs can't borrow money like normal companies. So Nvidia signs for them, and they spend it on Nvidia chips. Nvidia reported Wednesday and the numbers are absurd: Revenue of $96.2 billion, up 106%, with net income of $59.7 billion, the most profitable quarter any public company has EVER posted. And Huang just told Fox Business that every chip Nvidia can make next year is already sold. Here's why this matters the most: Huang wrote this himself about his own customers: "Frontier AI labs have extraordinary demand for training and inference compute, but many are growing faster than their balance sheets and long-term credit profiles can support." Then: They "still lack the decades-long infrastructure contracts and investment-grade financing capacity needed to secure the AI factory infrastructure independently." Put simply: His customers can't get the loans. So Nvidia signs for them. There's a compute campus going up in Ohio with OpenAI as the tenant. Nvidia has tied roughly $105 billion in commitments to it. OpenAI's existing and planned commitments now come to about 12 gigawatts of Nvidia compute. CFO Colette Kress told analysts Nvidia will also provide selective credit enhancement for nearly 2 gigawatts of compute at a second frontier lab. She wouldn't say which one. Nvidia put up to $10 billion into Anthropic in November at a valuation near $350 billion, and Anthropic agreed to buy up to a gigawatt of Grace Blackwell and Vera Rubin systems in the same deal. And Nvidia isn't only guaranteeing these companies. It OWNS pieces of them. This week's filing shows $18 billion committed to equity investments for the rest of the fiscal year, and $47.9 billion already sitting in private companies as of late July. Now here's where it gets really insane: Last week, Huang sat on a CNBC set surrounded by six of Wall Street's biggest firms. Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR. They signed a memorandum to mobilise up to $500 billion in outside capital for AI data centres. Nvidia kept the option to backstop up to a quarter of those deals. And Huang used that stage to announce that Nvidia GPUs are now an asset class. Pension and credit funds can now lend against graphics cards the way they lend against office towers. Kress saw the accusation coming and got ahead of it on the earnings call: "We recognise the scale of this support, and we know some will call this circular financing. We see it differently." But look at the two things Huang says about the same companies. On the earnings call he said AI has hit its inflection point, that the tokens are productive and profitable, and that compute is now revenue. But he also said those same labs can't secure investment-grade financing on their own. A business that's inflecting into profit is exactly the business a bank lends to. Banks lend against cash flow every day. But Nvidia‘s guarantee exists because something in that first story isn't landing with the people whose job is pricing risk. Kress does have a real answer to this though. She said the second lab's credit support only complements capacity it already secured on its own, without Nvidia backing it. Vendor financing is also old and legal. Cisco did it and GE built a finance arm on it. Huang's case is that Nvidia understands these businesses better than any lender could, and he says the risk is low and his only regret is not investing more and sooner. He may be completely right. But one thing is certain: Nvidia guarantees the paper. The paper buys the chips. Nvidia books the sale. Then Nvidia tells you the order book is full for a year. That order book is the entire argument for a $5 trillion company. And Jensen Huang just explained, in his own words, that his customers couldn't have written those orders without him. Isn’t this suspicious?

Ricardo

61,238 Aufrufe • vor 3 Tagen

"A lot of public risk, a lot of public expense as well." "I think it's notable that Canada is one of, I believe, perhaps the only oil producing country that has carbon capture utilization and storage as a prerequisite to development." "I think it's also okay to be asking how much it's actually going to cost and whether or not we're actually doing the things, David, we need to do to fix the foundation of investment and private sector investment." Kate Harrison
1:24

"A lot of public risk, a lot of public expense as well." "I think it's notable that Canada is one of, I believe, perhaps the only oil producing country that has carbon capture utilization and storage as a prerequisite to development." "I think it's also okay to be asking how much it's actually going to cost and whether or not we're actually doing the things, David, we need to do to fix the foundation of investment and private sector investment." Kate Harrison

cbcwatcher

28,038 Aufrufe • vor 1 Monat

Wall Street just pulled off the exact move that turned 2008 from a housing problem into a global collapse. They turned Nvidia graphics cards into bonds, stamped them investment grade, and started selling them into the funds that hold retirement money. Here is what happened while everyone was busy arguing about whether AI stocks were overvalued: The company at the center is CoreWeave, which rents out Nvidia chips to AI companies. To buy those chips, it borrows enormous sums, and the collateral on the loans is the chips themselves. That alone is alarming because a graphics card LOSES most of its value within a few years as the next generation makes it obsolete. You are lending against an asset built to rot. In January, Nvidia invested $2 billion straight into CoreWeave, which then used borrowed money to buy more Nvidia chips. On March 31, CoreWeave closed an $8.5 billion loan backed by its chips, and for the first time the rating agencies stamped that chip-backed debt investment grade, with Moody's assigning it an A3. Debt secured by depreciating graphics cards was rated nearly as SAFE as a blue-chip corporate bond. Then on May 18, CoreWeave closed the first chip-backed facility designed to be publicly syndicated and traded on secondary markets. And that's the part that really matters because it means this debt can now be sliced up, passed around, and bought by anyone, including the bond funds and pension managers who are required to hold "safe" investment-grade paper. On June 11, it announced another $3.5 billion in bonds on top of all of it. Now compare this to what happened in the past: Subprime mortgages in 2007 were not dangerous because some people got loans they couldn't repay... They became a global bomb the moment that debt got rated AAA and sold into the wider financial system, because the rating is what let it bleed into money market funds, pensions, and bank balance sheets that were supposed to be boring and safe. The bad loans were the spark but the packaging and rating were the detonator. And that detonator just got built for AI. Debt backed by graphics cards is now rated investment grade and trades on secondary markets, which means the AI bubble is no longer trapped inside tech stocks you can choose not to own. It has been quietly converted into bonds and routed toward the retirement accounts of people who have never typed a single prompt in their lives. And the whole structure rests on a backlog of customer "commitments" that CoreWeave values at nearly $100 BILLION, backed by a $21 billion Meta deal and a $6 billion Jane Street deal. Those are promises to pay over many years, made by AI companies that are themselves mostly unprofitable and burning cash. If even a few of those customers slow down or walk away, the collateral sitting under all this rated debt is a warehouse of chips losing value by the month. The AI bubble used to be a stock-market story you could opt out of. But as of this spring, that isn't the case anymore. So here's the real question: When the people packaging this debt swear to you that it's safe, who do you think is standing on the other side of that trade?
0:41

Wall Street just pulled off the exact move that turned 2008 from a housing problem into a global collapse. They turned Nvidia graphics cards into bonds, stamped them investment grade, and started selling them into the funds that hold retirement money. Here is what happened while everyone was busy arguing about whether AI stocks were overvalued: The company at the center is CoreWeave, which rents out Nvidia chips to AI companies. To buy those chips, it borrows enormous sums, and the collateral on the loans is the chips themselves. That alone is alarming because a graphics card LOSES most of its value within a few years as the next generation makes it obsolete. You are lending against an asset built to rot. In January, Nvidia invested $2 billion straight into CoreWeave, which then used borrowed money to buy more Nvidia chips. On March 31, CoreWeave closed an $8.5 billion loan backed by its chips, and for the first time the rating agencies stamped that chip-backed debt investment grade, with Moody's assigning it an A3. Debt secured by depreciating graphics cards was rated nearly as SAFE as a blue-chip corporate bond. Then on May 18, CoreWeave closed the first chip-backed facility designed to be publicly syndicated and traded on secondary markets. And that's the part that really matters because it means this debt can now be sliced up, passed around, and bought by anyone, including the bond funds and pension managers who are required to hold "safe" investment-grade paper. On June 11, it announced another $3.5 billion in bonds on top of all of it. Now compare this to what happened in the past: Subprime mortgages in 2007 were not dangerous because some people got loans they couldn't repay... They became a global bomb the moment that debt got rated AAA and sold into the wider financial system, because the rating is what let it bleed into money market funds, pensions, and bank balance sheets that were supposed to be boring and safe. The bad loans were the spark but the packaging and rating were the detonator. And that detonator just got built for AI. Debt backed by graphics cards is now rated investment grade and trades on secondary markets, which means the AI bubble is no longer trapped inside tech stocks you can choose not to own. It has been quietly converted into bonds and routed toward the retirement accounts of people who have never typed a single prompt in their lives. And the whole structure rests on a backlog of customer "commitments" that CoreWeave values at nearly $100 BILLION, backed by a $21 billion Meta deal and a $6 billion Jane Street deal. Those are promises to pay over many years, made by AI companies that are themselves mostly unprofitable and burning cash. If even a few of those customers slow down or walk away, the collateral sitting under all this rated debt is a warehouse of chips losing value by the month. The AI bubble used to be a stock-market story you could opt out of. But as of this spring, that isn't the case anymore. So here's the real question: When the people packaging this debt swear to you that it's safe, who do you think is standing on the other side of that trade?

Ricardo

212,052 Aufrufe • vor 2 Monaten

A lot of people still see SpaceX as a long-term bet on Starship, Mars, and the future. But Jeff Lutz 🔋 thinks the bigger surprise may be what's happening right now. SpaceX keeps adding AI compute customers, including a new Reflection AI deal reportedly worth up to $6.3 billion, on top of agreements with Anthropic and Google. Add in over $100 billion in cash, investment-grade credit ratings, and growing AI infrastructure, and the story starts to look very different. What if the biggest revenue driver over the next few years isn't rockets at all? What if it's AI compute? $SPCX
1:22

A lot of people still see SpaceX as a long-term bet on Starship, Mars, and the future. But Jeff Lutz 🔋 thinks the bigger surprise may be what's happening right now. SpaceX keeps adding AI compute customers, including a new Reflection AI deal reportedly worth up to $6.3 billion, on top of agreements with Anthropic and Google. Add in over $100 billion in cash, investment-grade credit ratings, and growing AI infrastructure, and the story starts to look very different. What if the biggest revenue driver over the next few years isn't rockets at all? What if it's AI compute? $SPCX

Herbert Ong

26,087 Aufrufe • vor 2 Monaten

Gavin's takes on Microsoft, Google, Meta, & Amazon: Microsoft ($MSFT): "I like Satya, I admire him. He's an exceptional CEO, and I give him a lot of credit for the decisions he's made. But he did go from, "We're going to make Google dance," to being the product manager of Copilot in 3 years. The decision Satya is making now, which the market has punished him for, but I think is the right decision — who knows how fast Azure could be growing if they were willing to just sell GPUs to OpenAI. 'We're going to use our compute internally to make our own products better.' One reason Copilot was so bad, or has been so bad, is that there wasn't enough compute available. They're fixing that. He's making good decisions that are risky decisions, to position Microsoft for this world where frontier models are no longer API-accessible. It's a really courageous decision that I give him a lot of credit for. Microsoft probably would be an $800 stock today if they were using their GPUs to serve solely OpenAI and Anthropic's capacity instead of using them for their own products." Google ($GOOG): "Google was incredible last year because they had that TPU advantage, which is now gone. The reason I think they're still in a great position is they have the most compute of everyone. We talked about the value of installed bases being higher as a result of shortages — they have the biggest installed base of compute. Google I/O is this week. If they don't release something that even slightly leapfrogs OpenAI and/or Claude, that's interesting. It's not a disaster for Google, it's just interesting. Between the amount of data they have, the YouTube data, the amount of compute, the search business — Google's never not going to be in a good position. You see that with GCP going crazy." Meta ($META): "You've got to give Zuckerberg immense credit, for what he's done in terms of making Meta an AI-first company internally. He is the only one of those true internet giants to have done that. I give him a lot of credit for paying up when he did for contracts, that talent. And Muse was a really big upside surprise. It was the first model from MSL, and it's not on the Pareto frontier with xAI, Google's one entrant, OpenAI and Claude, but it's pretty close. That was very impressive to me. So Meta is in a better position — still not as strong of an absolute position as Google, but a better position." Amazon ($AMZN): "Amazon is in a really strong position because of Trainium. You're going to see real P&L efficiencies from robotics over the next 18 months in their retail business. I actually think Nova — their internal models are not where Muse is, but they're better than they get credit for. The two companies who are the most deeply engaged with startups are Amazon and Nvidia by a mile. It's going to end up being a pretty big advantage for Nvidia and Amazon — with Google right behind them — to have this engagement that you just don't see from these other hyperscalers."
1:55

Gavin's takes on Microsoft, Google, Meta, & Amazon: Microsoft ($MSFT): "I like Satya, I admire him. He's an exceptional CEO, and I give him a lot of credit for the decisions he's made. But he did go from, "We're going to make Google dance," to being the product manager of Copilot in 3 years. The decision Satya is making now, which the market has punished him for, but I think is the right decision — who knows how fast Azure could be growing if they were willing to just sell GPUs to OpenAI. 'We're going to use our compute internally to make our own products better.' One reason Copilot was so bad, or has been so bad, is that there wasn't enough compute available. They're fixing that. He's making good decisions that are risky decisions, to position Microsoft for this world where frontier models are no longer API-accessible. It's a really courageous decision that I give him a lot of credit for. Microsoft probably would be an $800 stock today if they were using their GPUs to serve solely OpenAI and Anthropic's capacity instead of using them for their own products." Google ($GOOG): "Google was incredible last year because they had that TPU advantage, which is now gone. The reason I think they're still in a great position is they have the most compute of everyone. We talked about the value of installed bases being higher as a result of shortages — they have the biggest installed base of compute. Google I/O is this week. If they don't release something that even slightly leapfrogs OpenAI and/or Claude, that's interesting. It's not a disaster for Google, it's just interesting. Between the amount of data they have, the YouTube data, the amount of compute, the search business — Google's never not going to be in a good position. You see that with GCP going crazy." Meta ($META): "You've got to give Zuckerberg immense credit, for what he's done in terms of making Meta an AI-first company internally. He is the only one of those true internet giants to have done that. I give him a lot of credit for paying up when he did for contracts, that talent. And Muse was a really big upside surprise. It was the first model from MSL, and it's not on the Pareto frontier with xAI, Google's one entrant, OpenAI and Claude, but it's pretty close. That was very impressive to me. So Meta is in a better position — still not as strong of an absolute position as Google, but a better position." Amazon ($AMZN): "Amazon is in a really strong position because of Trainium. You're going to see real P&L efficiencies from robotics over the next 18 months in their retail business. I actually think Nova — their internal models are not where Muse is, but they're better than they get credit for. The two companies who are the most deeply engaged with startups are Amazon and Nvidia by a mile. It's going to end up being a pretty big advantage for Nvidia and Amazon — with Google right behind them — to have this engagement that you just don't see from these other hyperscalers."

Invest Like the Best

52,492 Aufrufe • vor 3 Monaten

🚀 SpaceX now has over $100 billion in cash, investment-grade credit ratings, and is expected to join the Nasdaq 100 on July 6. On top of that, the company has raised $25 billion through its first bond offering to strengthen its balance sheet and help fund its next phase of growth. The money isn't just sitting there. It's expected to support Starship, Starlink, new factories, launch infrastructure, and massive AI data center projects. This isn't the kind of spending you make for next quarter. It's the kind of spending you make when you're planning for the next decade. $SPCX Larry Goldberg
9:35

🚀 SpaceX now has over $100 billion in cash, investment-grade credit ratings, and is expected to join the Nasdaq 100 on July 6. On top of that, the company has raised $25 billion through its first bond offering to strengthen its balance sheet and help fund its next phase of growth. The money isn't just sitting there. It's expected to support Starship, Starlink, new factories, launch infrastructure, and massive AI data center projects. This isn't the kind of spending you make for next quarter. It's the kind of spending you make when you're planning for the next decade. $SPCX Larry Goldberg

Herbert Ong

49,461 Aufrufe • vor 2 Monaten

🚨 JUST IN: Sec. Markwayne Mullin announces DHS will be investigating EARLY VOTING in the 2026 midterms to catch illegal votes GOOD! Do NOT hold anything back. "We will be proactively looking at early voting." "And then after post election, we will continue to scrub all those that did vote. Those states that don't participate with us, they have public records of those that voted, which is where we found the 250,000 from the four states that don't participate with us — we will go through those records one by one and we will pursue everybody!"
2:03

🚨 JUST IN: Sec. Markwayne Mullin announces DHS will be investigating EARLY VOTING in the 2026 midterms to catch illegal votes GOOD! Do NOT hold anything back. "We will be proactively looking at early voting." "And then after post election, we will continue to scrub all those that did vote. Those states that don't participate with us, they have public records of those that voted, which is where we found the 250,000 from the four states that don't participate with us — we will go through those records one by one and we will pursue everybody!"

Eric Daugherty

67,190 Aufrufe • vor 1 Monat

BREAKING: TOM LEE JUST GAVE A MASSIVE WARNING: WE'RE GOING TO SEE AN ABRUPT CHANGE IN MARKET CONDITIONS LATER THIS YEAR THAT FEELS LIKE A BEAR MARKET “THERE IS GOING TO BE AN ABRUPT CHANGE OF MARKET CONDITIONS, ONE THAT FEELS VERY MUCH LIKE A BEAR MARKET” SPACEX ANTHROPIC AND OPENAI IPOS WILL UNLOCK MASSIVE SELLING PRESSURE LATER THIS YEAR “THE IPO OF SPACEX… THAT’S GOING TO UNLOCK LATER THIS YEAR IN PHASES ALONG WITH THE IPO OF ANTHROPIC AND OPENAI”
2:04

BREAKING: TOM LEE JUST GAVE A MASSIVE WARNING: WE'RE GOING TO SEE AN ABRUPT CHANGE IN MARKET CONDITIONS LATER THIS YEAR THAT FEELS LIKE A BEAR MARKET “THERE IS GOING TO BE AN ABRUPT CHANGE OF MARKET CONDITIONS, ONE THAT FEELS VERY MUCH LIKE A BEAR MARKET” SPACEX ANTHROPIC AND OPENAI IPOS WILL UNLOCK MASSIVE SELLING PRESSURE LATER THIS YEAR “THE IPO OF SPACEX… THAT’S GOING TO UNLOCK LATER THIS YEAR IN PHASES ALONG WITH THE IPO OF ANTHROPIC AND OPENAI”

Vivek Sen

416,368 Aufrufe • vor 2 Monaten

Adam Waterous Executive Chairman of Strathcona Resources "Industry has a different view that they have not seen evidence that actually buyers will pay a premium for decarbonization carbonized oil." "...There's another party which is basically the investment community, and that they're going to be very conscious of what their investment alternatives." "And right now, the investment alternatives for many of them look better in the United States."
6:29

Adam Waterous Executive Chairman of Strathcona Resources "Industry has a different view that they have not seen evidence that actually buyers will pay a premium for decarbonization carbonized oil." "...There's another party which is basically the investment community, and that they're going to be very conscious of what their investment alternatives." "And right now, the investment alternatives for many of them look better in the United States."

cbcwatcher

157,787 Aufrufe • vor 3 Monaten

Britain produces 1% of global carbon emissions. Reducing that to zero would destroy their economy. “the promise of net zero was, well, it doesn't matter that it's 1% because Britain is a global leader. We will inspire the world if we destroy our industry and hand it over to China, who's going to make the same things that we still need but dirtier. And then we ship them back here on ships that use the dirtiest fuel imaginable.” “If we do that, the Chinese will be inspired to commit industrial suicide as well. The Chinese, clearly not as stupid as our leaders, so they haven't committed industrial suicide.” “We have the highest industrial electricity prices in the developed world. That means we basically cannot make anything in this country anymore. And we will not be able to make anything in this country anymore until we let go of this ridiculous idea that we will inspire other people to jump off a cliff like Lemmings because we did.” “And James talks about we need a strong economy and we need net zero. Those two things are incompatible. You can't have both.” Credit Konstantin Kisin
2:15

Britain produces 1% of global carbon emissions. Reducing that to zero would destroy their economy. “the promise of net zero was, well, it doesn't matter that it's 1% because Britain is a global leader. We will inspire the world if we destroy our industry and hand it over to China, who's going to make the same things that we still need but dirtier. And then we ship them back here on ships that use the dirtiest fuel imaginable.” “If we do that, the Chinese will be inspired to commit industrial suicide as well. The Chinese, clearly not as stupid as our leaders, so they haven't committed industrial suicide.” “We have the highest industrial electricity prices in the developed world. That means we basically cannot make anything in this country anymore. And we will not be able to make anything in this country anymore until we let go of this ridiculous idea that we will inspire other people to jump off a cliff like Lemmings because we did.” “And James talks about we need a strong economy and we need net zero. Those two things are incompatible. You can't have both.” Credit Konstantin Kisin

Wall Street Mav

34,887 Aufrufe • vor 6 Monaten

Trump on eliminating the Filibuster… He might just be giving you the playbook on how the rest of this plan gets rolled out… “I am totally in favor of terminating the filibuster, and we would be back to work within 10 minutes after that vote took place, and lots of other good things would happen. Here's some of the things that we'd pass if we terminated the filibuster, voter ID, no mail in, voting, no cash bail, no men and women's sports, no welfare for illegals. You could go on and on. This is two pages of things would do if you did that without it. I don't know that you passed anything, because you can't deal with them. But if we do it. We will never lose the midterms, and we will never lose the general election, because we will have produced so many different things for our people, for the people, for the country, that it would be impossible to lose an election. ….. if the filibuster is terminated, we will have the most productive three years in the history of our country. If the filibuster is not terminated, then we will be in a slog with the Democrats, and very little for either party will be done. So it's a good thing.”
1:39

Trump on eliminating the Filibuster… He might just be giving you the playbook on how the rest of this plan gets rolled out… “I am totally in favor of terminating the filibuster, and we would be back to work within 10 minutes after that vote took place, and lots of other good things would happen. Here's some of the things that we'd pass if we terminated the filibuster, voter ID, no mail in, voting, no cash bail, no men and women's sports, no welfare for illegals. You could go on and on. This is two pages of things would do if you did that without it. I don't know that you passed anything, because you can't deal with them. But if we do it. We will never lose the midterms, and we will never lose the general election, because we will have produced so many different things for our people, for the people, for the country, that it would be impossible to lose an election. ….. if the filibuster is terminated, we will have the most productive three years in the history of our country. If the filibuster is not terminated, then we will be in a slog with the Democrats, and very little for either party will be done. So it's a good thing.”

NewsTreason Channel 17

59,548 Aufrufe • vor 9 Monaten