Kali

Personal update: I've joined Anthropic. I think the next few years at the frontier of LLMs will be especially formative. I am very excited to join the team here and get back to R&D. I remain deeply passionate about education and plan to resume my work on it in time.

I hate to break the news to the rest of the Western Conference, but they may not have a chance to win the Western Conference Finals for the next 5-7 years. The Oklahoma City Thunder and San Antonio Spurs are just that good! They are talented, deep, athletic and both teams are well coached.

Hope this doesn’t suck money out market

🚨 THE NEXT 72 HOURS. DAY BY DAY. BOOKMARK THIS. 📅 TODAY — May 13 → Air Force One lands in Beijing with 12+ named CEOs aboard — Tesla, Nvidia, Apple, BlackRock, Boeing, Goldman Sachs, Citigroup, GE, Qualcomm, Micron, Blackstone, Cargill → Jensen Huang boarded during the Alaska refueling stop — last-minute addition → Trump confirms "many other" undisclosed CEOs also on the plane → The largest corporate delegation ever to accompany a sitting U.S. president touches down in China 📅 MAY 14 — Day 1 of Summit → Trump and Xi sit down for formal talks → The ask: Xi opens China's market to U.S. business — directly, officially, on camera → 12+ of the most powerful CEOs in the world are in the room or the building → Combined market cap of companies represented: over $10,000,000,000,000 📅 MAY 15 — Day 2 / Outcomes → Deal announcements expected — or silence that speaks louder → Every CEO on that plane needs something specific from Beijing: chip licenses, manufacturing access, supply chain agreements, financial market entry → If Xi says yes to even half of it, the trade war framework changes overnight → If Xi says no, 12 CEOs flew to China for nothing — and markets will price that immediately 72 hours. Every step has precedent. Every prediction has math. Nothing like this has ever happened in the history of U.S.-China relations. The outcome of this trip will move markets more than any Fed meeting this year. Bookmark this. Come back May 15. if you're not following me you're finding out about this 48 hours late from someone who read my post..

#earnings for the week of May 11, 2026 earningswhispers.com/calendar $HIMS $NBIS $CRCL $ASTS $ONDS $QBTS $NU $FIG $PLUG $CEG $RGTI $AMAT $B $OKLO $BN $MNDY $ENVX $MARA $CSCO $BW $BABA $KOPN $MOS $KLAR $UMAC $KRMN $ACHR $USAR $AG $MVST $CLSK $VG $GPRO $CGBD $XGN $AQST $CRON $ITRG $FSK $DDD $ASM $ELMD $DT $SE $EOSE $VFF $ONON $ALCO $CPRX $QUBT

America First in Family Values! Parents 50 years of age and over visiting children residing legally in the U.S. now benefit from priority appointment slots at Consulate Kolkata. We’re helping with shorter wait times for qualified travelers with established ties and verified purposes. 👉 Are you a parent over age 50 with children in the U.S.? Check if you qualify: ustraveldocs.com/in/en/ #AmericaFirst #SmarterService #USIndiaTies

Bookmark this. 👇🏼

THE SUPER CYCLE ISN’T COMING — IT’S ALREADY HERE. Most people are still stuck in Phase 1. Smart money is already rotating. Phase 1 (Already ran): Semiconductors — $NVDA $ARM $AMD $AVGO $INTC Then it moved to: Memory — $MU $WDC $STX $SNDK Photonics / Optics — $NOK $LITE $COHR $AAOI $GLW $CIEN $MRVL Right now: Compute / AI Data Centers $IREN $CIFR $WULF $CORZ $NBIS $CRWV $P Next wave (most will be late): Rare Earths — $MP $USAR $UUUU $FCX $AA Networking — $ANET $AVGO $MRVL $CSCO Power / Grid / Cooling — $VRT $ETN $GEV $CEG $SMR $OKLO After that? It gets bigger: Space — $ASTS $RKLB $LUNR $PL Defense / Drones — $KTOS $AVAV $ONDS $LMT Robotics / Autonomy — $TSLA $PATH $SYM $SERV The pattern is simple: Infrastructure → Expansion → Domination If you're waiting for headlines… you're already behind.

BREAKING: In a "game changing" deal for AI, Nvidia is partnering with glassmaker Corning to develop 3 new advanced manufacturing facilities entirely for optical technologies. Details include: 1. The factories will lead to the creation of at least 3,000 jobs and increase Corning’s US optical manufacturing capacity by +1,000% 2. Nvidia is likely set to replace copper with Corning’s optical glass fibers in its AI rack-scale systems 3. Optical fiber allows for less signal loss than copper, making AI data centers more efficient 4. Corning, $GLW, is surging +16% on the news and Nvidia, $NVDA, is up +3% The AI Revolution is accelerating.

Young data center electricians in Texas are earning $240,000–$280,000/year with zero college debt.

Like a lot of young people in Tamil Nadu, our own young employees have had a lot of enthusiasm for @TVKVijayHQ. My best wishes on this historic win. Thank you for ending the "cash for votes" culture which seemed undefeatable until now. We will continue our technology work with renewed vigor and energy. Thank you 🙏

In previewing the Mag7 results last Sunday, I wrote about my concerns given the large rally coming into earnings but that Google was my favorite long-term. In looking at the results, Google did in fact perform the best and gained 12% last week while the S&P gained 1% and the other four Mag7 names that reported declined 2% on average. Estimates for AI capex growth for 2026 for the five biggest spenders which started the year close to 30%, which moved to 60% post Q4 results are now at 70% following the guidance this past week on earnings results. A quick summary of how to think of hyperscaler results were if ROIC was good, then the stock did well. In other words, if capex went then operating income estimates had to as well for the stock to be fine. $GOOGL increased capex but Google Cloud revenue accelerated from 48% y/y growth in Q4 to 63% growth y/y in Q1. They clearly had the best ROIC of the group with a solid revenue beat and even bigger EPS beat with forward estimates going up. The stock was up 10% in reaction on Thursday. $AMZN maintained capex but AWS growth “only” accelerated from 24% to 28% & they guided slightly below consensus for operating profit for the June quarter though guided revenue above. As a result, it is not surprising that the stock was up 1% in reaction on Thursday. $MSFT guided June qtr revenue below the street despite guiding capex above what investors expected. Azure growth only increased from 38% growth to 39% growth. In addition they talked about a transition underway from per-seat to hybrid seat-plus-usage business models, impacting future commercial bookings. This feeds into the “AI eating software” narrative. As a result, the stock declined 4% in reaction on Thursday. $META guided revenues inline for Q2 but raised capex guidance. Investors worry about them overspending given they do not have a leading LLM or a public cloud model like the big three hyperscalers above . They also reported the first decline in Daily Active Users sequentially for their entire family of apps in history. This did occur for just the Facebook app in Q4 of 2021 but this was following the ramp during Covid. As a result, it is not surprising the stock declined 9% in reaction on Thursday. $AAPL had upside to the March quarter and guided revenues to grow 14-17% y/y for the June quarter versus consensus of 9% growth. Gross margins which were a big concern due to rising memory prices were only guided about a half a percent below consensus for June. The two notable changes are the company dramatically increased R&D (+34% y/y) to help them catch up in AI and 2) they will no longer be net cash neutral which will reduce returns to shareholders. But this may not be a bad thing if they use the extra cash to make acquisitions that enable them to catch up on a technological basis. As a result, the stock rose 3% in reaction on Friday. Looking forward, Google remains my favorite name of the Magnificent 7 given they have the full AI stack and good ROIC on their AI spend. A foldable iPhone with AI enhanced Siri capabilities could drive a nice Apple upgrade cycle in 2027. Finally Amazon benefits from AI & robotics increasing the value of their massive physical infrastructure and should help increase the growth rate of AWS. From a bigger picture perspective, I wrote on March 31st, "History may not repeat itself but it often does Rhyme." I was bullish despite the S&P decline on the Iran war because following the macro scares in 1997/98 which led to a 11% and 19% intra-year decline in the S&P, the years ultimately finished up 31% and 27% respectively, driven by years 3/4 of the internet buildout. I felt 2026 would follow the same path because the Iran war was man made and with the US mid-terms coming up, the desire would be not to have this last too long. Much like in 1997/98 with the internet buildout, the underlying economy could remain strong in 2026 due to the advent of Agentic driving the AI buildout while a new chairman of the Fed was picked largely because he wanted to cut rates. With the S&P now at all-time record highs, despite risks of a small near-term correction due to the overbought technical nature of the market, I still see easy money and AI being the dual drivers of this market over the longer-term with the Iran war closer to the end than the beginning. Best of luck in the week ahead.

𝑵𝑬𝑾𝑺: David Adelman’s job is “safe” and he will return as Nuggets coach next season Denver will get and listen to calls about everyone on the roster except Nikola Jokic per @ShamsCharania

Never forget Nikola Jokic's path to his championship in 2023 Beat KAT, ANT, and Gobert (4-1) Beat Durant, Booker, and CP3 (4-2) Beat LeBron, Anthony Davis, and Reaves (4-0) Beat Bam, Herro, and Butler (4-1) ONE OF THE GREATEST RUNS WEVE EVER SEEN...😳🐐

Fin de una era. Gracias por lo que me dieron en 2023, fui la persona más feliz en el planeta tierra pero esto no da para más muchachos. Tres fracasos rotundos seguidos, la mayoría por nuestra culpa. No me pidan analizar ahora porque de verdad no sé qué es lo que va a pasar, pero Denver dejó de tener corazón, orgullo y sobretodo a uno de los mejores núcleos del planeta. Triste, pero es la realidad.

@VicLombardi Fire everyone in coaching staff

Hard to believe the Nuggets season ends in April. Kudos to the TWolves. Remarkable effort and execution in this series. They’re just better. Jaden McDaniels talked it and walked it. Devastating playoff performance for Denver.

What a disaster season ending for @nuggets Shame on coaching staff & front office

$AMZN AWS Growth 28% $MSFT Azure Growth 40% $GOOGL Cloud Growth 63% Powerful tailwinds for: semis, power cos, data centers alive infra, grid. 2nd inning.

Nvidia $NVDA is now worth more than India's Total Stock Market 🚨🚨🚨

Finally we got a real Head Coach