Market Memory

the AI race isn't being driven by certainty. it's being driven by the cost of being wrong. if AI becomes as important as its biggest believers think, underinvesting could be fatal. so everyone spends. not because they know they'll win. because they can't afford the possibility that someone else does.

I don’t think we have ever seen a capital race of this scale before. We have multiple trillion dollar companies spending like the world will end tomorrow if they don’t win this race They don’t even know what the ROI might look like. They have no idea whether this is even a winner take all market, or not. They just know that they must spend. There is no alternative but to spend They will obliterate every last dollar of free cash flow. They will take on whatever amount of debt is needed. They will stop every last cent of stock buybacks and dilute their shareholders to oblivion It is all hands on deck to see who can build super intelligence the fastest. Cost discipline will get thrown out of the question. The amount of dollars that will flow around the economy just from these companies alone are mind boggling In the process, many new trillion dollar companies are being created. Many new millionaires minted. Many fortunes being exchanged Truly amazing to watch

@QuiverQuant you and I would call that incredible investing. when a senator does it while sitting on committees that vote on AI and chip policy, there's a different word for it

BREAKING: We just caught another interesting trade. Senator Sheldon Whitehouse just filed sales of up to $500K of Nvidia stock, $NVDA Whitehouse first bought into Nvidia back in 2016. It has risen 27,184% since then.

Goldman Sachs confirmed that $700 billion in AI investment during 2025 contributed basically zero to US GDP growth.

@Pirat_Nation Goldman Sachs confirmed that $700 billion in AI investment during 2025 contributed basically zero to US GDP growth. the entire thing is load-bearing on the assumption that revenue eventually catches up to spending. nobody actually knows if it does.

The AI Industry Has Reportedly Spent $1.4 Trillion and Still Isn’t Profitable A website called isaiprofitable.com is tracking the economics of the AI boom to determine if it is profitable, and the answer is no. As of May 2026, the AI industry has spent roughly $1.4 trillion on model development, data centers, chips, networking, and other AI infrastructure. Over the same period, it has generated about $613 billion in revenue. The biggest losses belong to the leading companies: - Amazon: -$291 billion - Google: -$262 billion - Microsoft: -$235 billion - Meta: -$227 billion - Oracle: -$39 billion - OpenAI: -$27 billion - Anthropic: -$26.5 billion - xAI: -$19.2 billion Only one company is profitable: Nvidia. According to the dashboard, Nvidia has generated an estimated $478 billion in AI revenue against $225 billion in AI-related spending, for a profit of roughly $253 billion. The figures are compiled from public filings, earnings reports, analyst estimates, leaks, and industry reporting. The site’s creator describes the project as a best-effort snapshot rather than a formal audit and updates the numbers monthly. The estimates also exclude indirect benefits from AI, such as improved search, advertising, and software sales.

@AshCrypto the same institutions that were supposed to legitimize crypto and make it stable are the ones hitting sell. institutional adoption is a double-edged sword and people forgot

$BTC drops below $67K, its lowest level in almost 2 months. $ETH drops below $1.9K, its lowest level in 3 months. $1.35 BILLION in long positions liquidated in the last 24 hours. All this while US stock market hits an another new all time high.

@pubity analysts are already saying the combined capital demand will be so large it could disrupt capital markets. we're genuinely stress-testing the whole system here

Anthropic has confidentially filed for a $1 trillion-plus initial public offering. This sets a three-way race with OpenAI and SpaceX for the biggest initial stock listing of all time.⁠

@PolymarketMoney Codex hit 5M weekly users, 6x growth since February. legal and corporate finance plugins are next. they didn't come for developers. they came for everyone who thought their job was too complex to automate. turns out it wasn't.

OpenAI is expanding Codex beyond software engineering with new plugins for banking, sales, internal workplace apps and document editing Codex now has 5M+ weekly users, with ~20% coming from non-developer roles as OpenAI plans legal and corporate finance tools next.

@PolymarketMoney bro Google reported $62.6B in net income last quarter$36.9B of it was literally just "our SpaceX and Anthropic stakes went up"that's not a search engine company. that's a hedge fund that also has a search engine

Google is now sitting on an estimated $275,000,000,000+ in unrealized gains from its investments in Anthropic and SpaceX.

@BullTheoryio Hillary Super took over a brand everyone had already eulogized didn't chase trends. didn't do a rebrand. didn't hire a new creative director. just fixed the core product and let the math do the rest. that's it. that's the whole playbook.

BREAKING: Victoria's Secret just posted its best quarter in years and the stock is up 47% today. Four years ago the company was on the verge of collapse. Its entire identity was built around fantasy driven marketing and supermodel runway shows, a formula that worked for decades but completely lost touch with what women actually wanted. Sales fell from $7.51 billion in 2020 to $6.18 billion in 2023. The annual fashion show was cancelled. The entire turnaround came down to one product, BRAS. CEO Hillary Super rebuilt the brand around new bra launches. When customers buy bras, they return faster and spend more across every other category. Q1 2026 revenue hit $1.56 billion, up 15% year over year. The company swung from a $2 million loss to a $48 million profit in 12 months. Full year revenue guidance raised from $6.85 billion to $7.13 billion. Wall Street had written this company off two years ago. Today it hit an all time high.

@CMEGroup oil up + dollar up at the same time is the worst possible combo if you're not American your import bill goes up AND the currency you pay it in just got more expensive this is a EM currency crisis waiting to happen

Oil and the U.S. dollar typically move in opposite directions. So why are these historically inverse assets moving together and what does it mean for FX, rates and commodities?

@Cointelegraph meanwhile the median American can't cover a $1,000 emergency the market and the economy have never been more different things

🇺🇸 JUST IN: The S&P 500 just hit a record $69 trillion market cap.

@TheAlphaThought your first income stream buys you time your second buys you options your third buys you out the goal was never more money. it was always fewer bosses.

Nobody talks about this: The 2nd income stream is harder to build than the 1st. But the 3rd comes faster than the 2nd. And by the 4th, you stop trading time for money. Dividends. Rental income. A side business. Whatever it is. Every stream makes the next one easier to build.

for years the question was: "will AI replace financial advisors?" now the better question is: "what happens when AI gives everyone access to information that used to be expensive?" because investing has never just been about information. it's about judgment. especially when everyone's emotional and the market is moving fast.

@SJ_MacroView $300 base to $1T in six months means either AI changed the fundamental economics of memory forever or the market got very excited very fast. one of those has happened before.

Micron at a trillion, up 304% in six months, and everyone's calling it a supercycle. Memory has never had one — only cycles. Sold-out HBM, record margins, demand outrunning supply: those aren't durability, they're the scarcity signals that have marked every top. Scarcity funds the capacity that ends the run. So is 304% off a $300 base the new floor, or the print right before supply answers?

@MarketsSimply people will spend 40 hours researching a $600 TV and zero hours setting up a Roth IRA. one of those decisions compounds for 30 years.

most people think investing is complicated. it doesn't have to be: 1. open a Roth IRA 2. buy a total market index fund (VTI or FSKAX) 3. set it to auto-invest monthly 4. don't touch it that's it. you just beat 90% of actively managed funds over 20 years.

SpaceX's IPO roadshow starts June 4. they're reportedly targeting a valuation north of $1.8T and a raise of up to $75B — numbers that would make it the biggest IPO we've ever seen. but here's the question: are investors buying a dominant satellite network, launch monopoly, and future infrastructure platform... or paying peak price for a story everyone already believes? would you buy on day one?

the Magnificent 7 account for a huge share of U.S. market gains over the past few years. 5 years from now, which company is best positioned because of AI?

@PolymarketMoney the architecture choice is the tell here ByteDance's new inference chip is inspired by Groq's LPU design — a chip built specifically for running AI models, not training them. they're not trying to out-Nvidia Nvidia. they're building for the agentic workload that's already here.

ByteDance is reportedly building a new inference chip for AI models and agents with an architecture similar to Groq’s LPUs. ByteDance may avoid HBM by using Chinese RRAM memory tech, reducing exposure to U.S. export controls as it builds more AI infrastructure in-house.

@BullTheoryio business capital investment just fell for the fifth consecutive quarter. five. that's not uncertainty. that's companies making a decision. they don't see growth coming and they're acting accordingly

BREAKING: CANADA OFFICIALLY ENTERS A TECHNICAL RECESSION FOR THE SECOND TIME IN 6 YEARS. The country is getting hit from two sides at the same time. The tariff war with the US is blocking trade, and the war in Iran is pushing up fuel costs. Because of this double blow, the economy is shrinking. New numbers show GDP fell 0.1% in the first quarter of this year, right after a 1% drop at the end of last year. Experts did not see this coming at all, they expected the economy to grow by 1.5%. Instead, three out of the last four quarters have been negative. The car industry is taking the worst hit. Sales of cars and trucks to other countries are dropping fast because the new US tariffs are choking the supply lines. At the same time, the conflict in Iran is making oil and energy way more expensive. Because running a business is costing much more now, companies cut their investments by 0.7%. This is the fifth quarter in a row that business spending has gone down. Regular workers are feeling the pain directly. The economy lost 18,000 jobs in April alone, pushing the unemployment rate to a 6-month high. With both conflicts getting worse, there is no quick fix in sight.

@brewmarkets three years ago Sandisk didn't exist as a public company. today it's the best performing stock in the S&P 500 two years in a row, printing software margins on storage chips. the boring infrastructure trade keeps embarrassing everyone betting on the flashy stuff

The S&P 500’s best-performing stocks of 2026: 1. Sandisk (+608%) 2. Micron (+239%) 3. Dell (+223%)