Orvio

Jensen saying AI stocks are cheap right now is basically him saying the infrastructure buildout is still in early innings. When the guy selling the shovels says the gold rush hasn't peaked, you can debate his objectivity. But you can't dismiss the demand signals he's seeing in real time.

$INTC up 12% on foundry interest from Google and Nvidia. If TSMC ever becomes politically inaccessible, having Intel as a viable fallback is worth multiples more than the current margin model suggests.

CIFR is interesting because the AWS deal already de-risks the thesis without a full acquisition. But if Amazon wants to own the power assets and land long-term, buying just becomes obvious. SpaceX getting acquisitive would be the more surprising one. They've been so self-contained.

Is Amazon going to try to buy CIFR? Is SpaceX going to get acquisitive? This entire space is going to get so much bigger and so much more interesting

Jensen calling AI stocks cheap is interesting because he's also the guy who said in 2023 the buildout was just beginning. He was right then. His ceiling probably looks like: every dollar of software spend eventually runs on inference. If that's right, 'cheap' is a reasonable word.

JUST IN: Nvidia CEO Jensen Huang says AI stocks are "very cheap" right now.

JUST IN: Elon Musk predicts SpaceX could become the largest & most profitable company in this sector of the galaxy.

$NBIS one of my favourite names. Should be an interesting discussion

I hope some AI infrastructure names will be there. What would you buy? $IREN $NBIS $KEEL $WULF $CRWV

@BullishBytes777 Okay, I am jealous

How we rollin this weekend baby

@ben__investing It's never too late, Ben

Name one stock you should’ve owned but never did 👇 I’ll go first: $NVDA 🫣

The hyperscaler capex race was never really about ROI. It was about nobody wanting to be the one that got lapped. When the narrative risk of underinvesting exceeds the financial risk of overinvesting, rational actors spend $300B/year building for use cases that don't fully exist yet. While I am bullish on the AI growth story, sometimes you have to stop and ask.

The oldest play in the book

Elon playing the long game here

Next week will be wild

@shub0414 Each new model announcement ate the last one's headlines. The tech is still compounding in the background, just not trend-tweeting anymore.

Suddenly it hit me. What happened to DeepSeek? Sora? GitHub Copilot? Llama? Cursor? Perplexity? What happened?

@GrantHesser The shift to 30% retail says everything institutional conviction looks like right now. Banks don't voluntarily give retail a bigger piece of a hot deal out of generosity. They move the allocation because they're on the hook for whatever inventory doesn't get placed.

Here's my assessment of what's going on inside Goldman and Morgan Stanley right about now around the $SPCX IPO. 1) The math isn't mathing for institutional investors to participate at $135/sh in the size they need them to. Research is being heavily pressured by banking to get more aggressive on their estimates/teach-in materials to try to make valuation make sense. It's not working. The biggest brass across the firms are now getting involved - Jamie Dimon & David Solomon are taking meetings - it's all hands on deck. 2) Accordingly, the bookrunners are increasing the % of the deal allocated to retail to 30%. Remember, it's the banks buying the shares from the company and if their largest institutional relationships aren't biting in the size they need them to - they have to find demand somewhere else they're going to be on the hook for the delta between $135/sh and wherever the stock trades multiplied by the number of shares left in inventory. Find the demand - whoever and whatever it takes. 3) Banks are also pressuring the index providers to create forced buying as well across a ton of indices and their associated products. This has worked in some places and hasn't in others (credit to S&P for their backbone here). This will create a large amount of demand but I don't know the math here relative to the float coming public - if anyone has seen smart math here please share. All and all, this is going to be a fascinating IPO to watch but I have next to zero interest in participating - I suspect I'm in the majority here.

@JeffWeniger And half that 51% concentration is sitting in names that need near-perfect execution to justify it

More than half the S&P 500's total value is now in stocks priced above 10x sales. This was once considered an outlandish valuation, as it leaves little room for error. The list includes Nvidia, Apple, GOOG, MSFT, Broadcom, Tesla, Micron, Eli Lilly, AMD, Oracle and 57 more.

@ZaStocks 29% in 2 months and people are writing eulogies lol The rally off the lows was priced to perfection. Some profit taking on a blowout jobs report is not a collapse.

The Nasdaq is now only up 29% since 4/1. Horrific.

@3KComeback Fair but nobody calls it gambling when it goes up 10%. I would say position sizing is what separates the two.

If y’all are dropping 10+% today, y’all weren’t investing, yall were gambling.

@zerohedge EUR and CHF issuance keeps climbing while USD share compresses. These five companies are essentially issuing their own global sovereign bonds. I would be curious to see, who they crowd out of IG credit next.

Hyperscaler public debt issuance