tae kim

Qualcomm is up 10% in premarket again on a vague comment from management about a custom ASIC deal with a hyperscaler. Hard to say much given how little was disclosed, but a few thoughts: 1. Not all custom ASICs are the same. This could be a very minor deal. 2. Qualcomm's long-term AI opportunity is at the edge, which doesn't look promising in the intermediate term given memory constraints. 3. I would NOT be optimistic on its data center chip efforts given that A LOT of the top talent quit (RED FLAG!) as soon as they vested to launch another startup (surprise! painting his house wasn't the next big thing). So yeah, I would not bet on Qualcomm 🙃

How did Bed Bath and Beyond turn out? I forget.

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)."

I am astounded by the number of millennial families who moved to Dallas, bought a home, then turned around and sold the home to move out of Dallas, in less than a 5 year time span Is Dallas just super transient or is this a post-pandemic phenomenon happening everywhere?

I’ve seen no less than 7 tweets tonight pumping random global microcap semi conductor adjacent companies. Never seen anything like this in terms of the mania extending to foreign markets. Speculators are getting less and less sophisticated.

Let's play a game called pop the stale backward-looking media manufactured consensus narrative. 1. OpenAI HIT their "aggressive" Q1 plan 2. OpenAI raised revenue expectations for the rest of 2026 due to momentum going into Q2 3. One week into the GPT-5.5 launch, API revenue is growing more than 2x faster than the prior best 4. Codex revenue DOUBLED in less than seven days. 5. Customer behavior is inflecting following the GPT-5.5 release 6. AI infra commitments are AHEAD of plan: "When we announced Stargate in late 2025, we committed to securing 10GW of AI infrastructure in the United States by 2029. We have already surpassed that milestone, including more than 3GW added in the last 90 days alone" Here's the simplified version: OpenAI got punched in the face with Claude Code and Gemini late last year. Product-market-fit (exponential revenue) exploded toward AI agents and agentic coding. They pivoted resources toward Codex and agentic coding. And now, with the release of GPT-5.5 and their compute advantage, OpenAI is making a massive comeback back to tech leadership. Come on, people. This is not hard. OpenAI's talent is still there. It should be obvious to anyone who follows the AI industry and talks to developers even minimally.

UPDATE: my subscribers made a lot of money $EWY $DRAM

50% Gamestop stock? Cutting sales and marketing in half? Live commerce video streaming from Gamestop stores? Has he been inside his stores? Is this a joke? Huh? This is dead on arrival $GME

A few years ago, I gave Ryan Cohen the benefit of the doubt, thinking he could improve GameStop's dilapidated e-commerce operations using his background building Chewy and hiring executive talent from Amazon, turning $GME into a bigger and better platform. I was wrong. Cohen utterly failed. GameStop's website and operations have been a disaster under his leadership. Take the under. This $EBAY thing isn't going to work. WSJ: "In the interview, Cohen said putting his videogame retailer and eBay under one roof could create huge opportunities to cut costs and improve earnings."