Cory Johnson ⚡️

ASML targets 60 Low-NA EUV shipments in 2026, scaling to 80 in 2027. The stock fell on results day. Is the selloff a demand concern — or just noise around export controls? We take a look. instagram.com/p/DXM2klbAK-K/ $ASML 🎙️ @DrillDownPod #DrillDownEarnings #ASML

ASML shares dropped, but High-NA EUV has cleared 500K+ wafers at 80%+ availability. Customers are moving to product wafer testing. Is the transition on track regardless? We explain. youtu.be/W4UzdtHDP-w $ASML 🎙️ @DrillDownPod #DrillDownEarnings #ASML

$ASML sold off hard, but Installed Base Management revenue rose to €2.5B in Q1, up from €2.1B in Q4 2025. High-margin service revenue is accelerating. Is Mr. Market wrong? We take a look. 👉 @drilldownpod/video/7629409527561080077" target="_blank" rel="nofollow noopener">tiktok.com/@drilldownpod/… 🎙️ @DrillDownPod #DrillDownEarnings #ASML

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ASML stock sold off after Q1 results. But €8.8B revenue and 53% gross margin came in at the high end of guidance. What exactly did the market expect? We take a look. youtu.be/W4UzdtHDP-w $ASML 🎙️ @DrillDownPod #DrillDownEarnings #ASML

@knbrmurph Congratulations Brian! I'm four deep into these announcements and they're all a thrill! (And I found good luck by receiving calls about all of them while sitting at the same table at Friday lunch @NorcinaSF!)

You parent and you parent and you parent and one day your little boy grows up and you are filled with pride and emotion. You did it all yourself, kid. Not only are we all proud, but somewhere in the great beyond, your Grandpa and great Grandpa sure are, too ❤️🇺🇸

The fine folks at @SpaceX keep a live tally of the @SpireGlobal satellite constellation. satellitemap.space/constellation/… Just 82 of $SPIR's planned 200 satellites are in orbit. Disturbingly, the tracker also notes 146 Spire Global satellites have "decayed". Don't look up!

@JohnFAllan @Scaramucci For Mooch? He's worth it!

@CoryTV @Scaramucci Why dump the XRP?! Isn’t Ripple gonna IPO?

After years of telling everybody else how to run the country and months of deliberation, I have a special announcement: I’m running for President of the United States in 2028. I am aware of what happened the last time I worked in the White House. But I do believe I can help guide this country in the right direction. Join me and help me heal America. Mooch 2028 🇺🇸

@alyssakrejmas @TarlonKhoubyari Nametags: the absolute worst aesthetic that ruins everything else a conference organizer can do. Can. Not. Stand.

@TarlonKhoubyari I am anti name tags Hate wearing them I find them especially unnecessary when it’s a smaller event <30 people

actually curious to hear what other people think if you're at an event and there are name tags, do you find them useful?

@StevenDickens3 I'm so into Oracle Database 23ai that I've forgotten that "23" was Michael's number. It will now only be associated with databases for me from now on! $ORCL

@CoryTV When that pesky sun moves!!! Great to see you this week.

The future is so bright I shoulda worn shades! 😎

A chart from my model on the what $TPVG is showing lately, with various types of software up to 32% of all loans (up from 18% six months ago).

@benitoz C'mon man! This about the photonics revolution! Squinting is just right!

@CoryTV Get this man some sunglasses!!

😎😎😎

@negligible_cap Thoughtful tweet. It helps explain what's happening to TriplePoint's publicly-traded $TPVG, where software is now some 30% of the loan book.

In many cases, the math likely isn't quite as simple as Jon here makes it seem. David Rosen, the former Point72 manager who recently expressed his views that private credit is a fraudulent bubble on the brink of collapse (see post pinned in my profile), refuted Jon’s math here pretty well, especially with respect to software loans in private credit, which are around 25% of all PC loans (likely greater). Namely, David points out that when PC lenders are saying LTV on these senior secured loans are say, 40%, you have to look at what the “Value” is and how they calculate it. An example he points out is one of the $OWL BDC’s, Blue Owl Technology Finance ($OTF) From the Rubric letter: “The most common pushback on software risks is that the loans have very low LTV. As we can see in the table below, the weighted average enterprise value is $5.8bn, the EBITDA is $282mm and the net LTV is 33%. We can therefore imply that on average these businesses are valued at 21x EBITDA, and that innocuous 33% LTV implies 6.8x leverage! And that’s just their higher quality assets! The unsecured equity has a weighted average enterprise value of $26bn on $1.1bn of revenue, implying the businesses are valued at 24x revenue.” $OTF is just one of many. Understated LTVs are a huge issue - a loan originated at a 40% LTV, or more likely much higher offers limited protection when the borrower is levered 6x or more and faces structural revenue risk. In many such cases, the probability of impairment is significantly higher than headline LTVs suggest, and recoveries for asset-light software businesses may end up being nearly negligible.

@EricBalchunas Prayers up for you and your family Eric. He must have been really proud of you.

Back today after being out of commission for a while. I lost my dad about 10 days ago. We were close. I knew the day would come, he was declining health-wise, but it didn't soften the blow. But he lived a full life and we spent good time together recently and that is comforting.

@CourtReagan @CNBC @blackstone Proud of you @CourtReagan! You did it all at @CNBC (yes, I remember the news desk!) and did it so well. @Blackstone has only a clue how lucky they are.

After 20 years at @CNBC, I’m starting a new chapter. I’m joining @Blackstone as Senior Editor of Blackstone Insights, focused on translating Blackstone's unique insights into clear, compelling signals for investors. Excited for what’s ahead and grateful for the journey so far.

.@CoryTV and @danielnewmanUV join @NPetallides to unpack Nvidia’s 2026 GTC AI event. They detail all the key takeaways – and dive into what’s next for the company. Don’t miss the full interview, streaming today at 4:30 PM ET, only on SchwabNetwork.com/?CID=SM:Twitte…

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