Pythia Cap: Partially Conductive

@RihardJarc Tbf the capex raise was substantially memory cost inflation, not additional compute.

The market reaction of punishing $META because of the increase in CapEx will turn out to be very wrong IMO. In the $META Q325 earnings call, Zuck already explained well that if $META overbuilds their compute infrastructure for internal needs, they can sell it to external parties. We are in one of the biggest compute demand/supply imbalances that seems to be getting worse, not better. $GOOGL GCP CEO Kurian expects demand to be bigger than supply for 10 years. $META's enormous AI compute capabilities will either return ROI in the form of their products (which they are already showing) or/and give great ROI by selling compute to external companies. $META investing in AI data center compute is a big asset, not a cash burn, similar to what metaverse investments were in large. The market is viewing it as a negative, instead of an enormous strategic advantage in a compute-constrained world.

@Midnight_Captl @austinsemis They better build some capacity then hadn’t they $ASML

Memory starting to worry me a bit @austinsemis covered this in his recent podcast (SemiDoped - highly recommend) Memory is effectively a tax on the AI ecosystem. Incremental spend on memory is ~$0 ROI for the Hyperscalers Worried it’s going to start suffocating growth

TSMC is actively cutting mature node capacity at Fab14 by 15-20% to reallocate to advanced nodes. That's the supply side shrinking while EV and industrial demand grows. MCU lead times already hit 55 weeks at STMicro. Everyone's watching the 3nm race but the real squeeze is at 28nm where nobody wants to build new fabs because the margins don't justify it.

JP Morgan's investment research team just shared exactly how they built their multi-agent system "Ask David", and it's the same architecture pattern showing up everywhere: - supervisor agent orchestrates - specialized subagents handle retrieval, structured data, analytics - LLM-as-judge reflection node before the answer ships - human-in-the-loop for the last accuracy gap worth watching for anyone building:

Morgan Stanley: "1Q EPS surprise for the median S&P 500 stock is 6%, the strongest it has been in 4 years, and S&P 500 median stock earnings growth is 16% (2x the trailing 4Q average)."

This is the image that defines a generation. This raw shot from the Artemis II crew shows reality of deep space travel. The smudges on the glass make it feel real. We are finally back.

NASA HAS RELEASED OVER 12,000 IMAGES OF THE ARTEMIS II MISSION. Unbelievable perspectives captured by the Crew! The aurora on the eclipse is incredible.

NASA just shared the closest image ever taken of Jupiter... Each one of those swirls is a storm bigger than the entire Earth and going on for centuries. Let that sink in.

@TheCinesthetic @europemaxxed

Mads Mikkelsen says he once helped his brother build the LEGO Death Star “He was struggling. And then it hit me: I can help out, because I created the Death Star in Rogue One.”

"I actually find it quite ironic that Meta, the hyperscaler that has the highest quality revenue streams today since they don’t engage in the circular financing shenanigans with AI labs, trades at the lowest multiple despite growing revenue faster than their hyperscaler peers"

Imagine thinking Trump was this thin lol

"GPT-5.5 was trained on the $ORCL Abilene supercomputer, part of our Stargate initiative and built on Oracle Cloud Infrastructure with $NVDA GB200 systems. A strong example of what deep partnership and ambitious execution can unlock."

@jake_ayes @ContrarianCurse The same place as the $44b

@ContrarianCurse Where’s the $30B number even from

It should be obvious but half the slop factory workers on here don’t get it 14b in ARR is 1.16b in incremental revenue this month

Lloyd is, I think, much smarter and definitely much funnier than Jamie. One of the best communicators out there actually if you listen to him.

@SleepingBear67 She's a producer on the movie, loser

@PythiaR She’s gone, loser

Kathrine Kennedy’s last gasp

If you're gonna listen to a Jensen listen to a suit Jensen.

OAI bought TBPN for like $200m and $META is only worth $1.5 trillion.