Nobody building AI has cut their spending plans this month. Not one company.
$NVDA (NVIDIA Corporation) told us to expect about 70 percent revenue growth in 2028. Analysts were expecting 44. $ORCL (Oracle Corporation), the company borrowing the most to build all of this, beat its numbers on Wednesday... 显示更多 翻译
Nvidia answered the only question I said mattered this month, and in answering it, it created a bigger one.
On Wednesday $NVDA (NVIDIA Corporation) reported 96.2 billion dollars of revenue, up 106 percent year on year, and earnings of 2.22 dollars a share, more than double last year. Then it guided... 显示更多 翻译
On Friday the market stopped asking whether AI demand is real and started asking who carries the debt behind it.
$AVGO (Broadcom Inc) (Broadcom Inc) fell almost 6 percent. Not on demand. Its AI chip revenue grew 143 percent last quarter and management guided to 16 billion dollars of AI semiconductor... 显示更多 翻译
Two years ago Big Tech paid for AI out of pocket. Today almost a third of it is borrowed.
Incremental debt as a share of hyperscaler capex went from 9 percent in FY24 to 32 percent in the twelve months to June 2026. That single number is the most important thing I have read this summer, and it barely... 显示更多 翻译
The S&P is at an all time high, and the next move from the Fed might be up, not down.
7,800 for the first time this week, a record 70.8 trillion dollars of market value, more than 20 percent above this year's low. Both JP Morgan and Morgan Stanley had 7,800 as their target for the end of December.... 显示更多 翻译
For the first time in history, most of the traffic on the internet is not human.
Cloudflare just reported that machine to machine AI traffic crossed 50% of total volume on its network. Not people browsing. Agents, models and bots talking to each other.
That is the most important number I have seen... 显示更多 翻译
The most expensive GPUs on earth are sitting in boxes. Not because nobody wants them. Because there is no electricity to plug them in.
That is not a metaphor. Microsoft is holding AI accelerators in inventory it physically cannot install.
Satya Nadella, in his own words: "The biggest issue we... 显示更多 翻译
The market just split in two, and our side is the one working
While the headlines chase Nvidia's correction, capital is quietly rotating
into the picks and shovels.
Lam Research breaking out with the equipment names.
KLA running double digits beside it.
The machines that print every advanced chip,... 显示更多 翻译
Why will your next iPhone cost more? Because of a stock that's up 800%.
Tim Cook just admitted Apple will have to raise iPhone prices. The reason? A shortage of memory chips.
That same shortage has Micron $MU (Micron Technology, Inc.) up 831% in a year, now worth over $1.2 trillion. Its HBM memory,... 显示更多 翻译
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