Bill Bryant, CFA
2.1K posts
Bill Bryant, CFA
@tiger4475
Former long/short analyst and PM
New Canaan, CT Katılım Mart 2014
1.2K Takip Edilen193 Takipçiler
NEW: Exclusive Interview with Jaimin Rangwalla, Chief Investment Officer of Public Investments at Coatue
In @coatuemgmt's Spring 2026 Investor Update, Jaimin walks through the unexpected winners of the AI cycle: memory, optical, CPUs, & the infrastructure layer quietly outperforming the Mag 7.
We cover:
- Why Coatue is "following the gigawatts"
- Private companies breaking into the global top 25 pre-IPO (OpenAI, Anthropic, SpaceX)
- Cash flow transferring from hyperscalers to AI infrastructure
- The $12T funding engine behind the AI buildout
- Sellers of shortage vs. buyers of shortage
- The Token Economy
- The CPU/GPU flip reshaping compute demand
- Coatue's $6T+ AI market estimate
- Agents launching agents / "1,000 analysts working 24/7"
Read the full deck & watch the update replay below
𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒
(00:00) Jaimin Rangwalla, CIO of Public Investments at Coatue
(00:56) Inside Coatue HQ
(02:48) Investor Update Kickoff
(04:36) Mapping the AI Stack
(06:02) Why Supply Stays Tight
(07:03) How Jaimin's Became CIO
(10:43) Private Giants vs Mag 7
(12:40) Market Breadth and Reordering
(15:24) Where AI Revenue Comes From
(17:04) Tokens and Economy
(19:43) Agents Change Everything
(21:58) OpenClaw Explained
(24:49) Memory Demand Explosion
(27:12) Architecture Shifts Ahead
(27:24) Agents Gain Memory
(27:58) CPU Demand Surge
(28:38) CPU GPU Ratio Flip
(30:21) Key Chip Players
(30:45) Intel Comeback Thesis
(31:41) Semis Go Mainstream
(33:24) Nvidia Mania and GTC
(33:59) Tracking Data Center Buildouts
(35:21) Jobs Lost and Created
(37:30) Sellers Versus Buyers
(40:54) Optical Breakouts
(41:27) Bottlenecks Everywhere
(44:48) Sentiment Versus Fundamentals
(47:10) Handling Volatility
(49:17) Finding New Leaders
(51:18) Trillion Dollar IPOs
(52:48) Risks and Disruptions
(55:00) Coatue Growth Story
(55:58) Staying Curious to Win
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@bennyjohnson It’s a shame Trump backtracked on everything that got him elected. Such a fool
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President Trump’s Pollster Tells Republican States MUST Redistrict to The MAX, or Face The Consequences.
John McLaughlin:
“If we don't, the Democrats are going to get control. And if they get control of the House and the Senate, we’ll pay a big price”
“The Democrats will suspend the filibuster. They'll make Washington, DC a state. They'll stack the Supreme Court. I mean, there's a lot at stake in this election”
“Trump agenda will be ended.”
“It will be a tragic day for America”
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President Trump’s mass deportation machine continues to PICK UP SPEED:
-National ICE-involved arrests have skyrocketed up to 1,121 per day.
-The Trump Administration's build-out of the 287(g) program has seen illegal alien custodial transfers, from local law enforcement to ICE, surge up to ~550 per day.
-CBP border apprehensions are currently averaging ~275 per day.
In total, we’re currently seeing ~1,946 illegal aliens get forcibly deported per day – 710,290 per year – and that number continues to increase.
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@MarinasHammer All these so called leaders are pathetic pandering fools
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Who??
This should be Charlie Kirk Blvd. Our city council is a joke.
ABC4 News@abc4utah
The Salt Lake City Council has voted unanimously to rename the controversial Cesar E Chavez Blvd to the Dolores Huerta Blvd, in honor of another labor rights organizer who come forward with sexual assault allegations against Chavez earlier this year. More info: tinyurl.com/d23xwrdw
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@phil_lyman Typical feel good worthless measures from the idiot class who governs
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🚨The Big $ Reveal on the Great Salt Lake Water Lease
Step 1: Utah taxpayers give the Monastery farm $8.8 million for a conservation easement to "preserve" it (2022).
Step 2: Utah taxpayers pay the same owners another ~$2.4
million over 10 years to not use 25% of their irrigation water (2025).
Step 3: Because farm water has a 50% depletion factor, only about half of the water would ever move toward the lake in the first place.
Step 4: Meanwhile, the farm can still grow "dry-farmed" wheat or barley, which consumes nearly the same amount of water through evapotranspiration as irrigated crops. This means net water saved for the Great Salt Lake is close to zero.
Step 5: The fraction that does reach the GSL evaporates in approx 33 minutes.
Step 6: Politicians call this
"saving the Great Salt Lake."
Welcome to Utah water conservation.
Just Phil Lyman@phil_lyman
December 2025 Utah taxpayers paid to remove 207 million gallons of farm water from production to "help" the Great Salt Lake. Here are the facts: - 207 million gallons = 645.8 acre-feet - 50% depletion, meaning 322.9 acre-feet actually reach the lake - The GSL evaporates about 9.5 acre-feet per minute. - 322.9 acre-feet disappear in roughly 33 minutes - 207 million gallons of water, gone in half your lunch break! How much taxpayer $$$ was paid for those 33 minutes?
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@DeAngelisCorey Its because democrats typically are the ones who best support education.
If republicans supported education they would donate to them as well
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Campaign contributions from the American Federation of Teachers to Democrats:
1996: 99.1%
1998: 98.9%
2000: 99.2%
2002: 99.3%
2004: 98.0%
2006: 99.1%
2008: 99.1%
2010: 99.4%
2012: 99.4%
2014: 99.0%
2016: 99.7%
2018: 99.8%
2020: 99.6%
2022: 99.97%
2024: 99.89%
Money laundering.
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Buying cheap tech stocks in 2026 is the closest thing in modern public markets to being handed a list of 1999 internet companies after the bubble burst, in 2002, when the entire category had been left for dead, the analysts had stopped covering them, the funds had been forced to liquidate, and the price action had been so bad for so long that the very word "tech" had become, briefly, a kind of insult at dinner parties.
The investors who bought that list, in 2002, in equal weights, and held for ten years, made some of the largest legal fortunes in modern American finance. They did not pick winners. They bought a basket. They held Amazon at $7 and they held companies that went to zero, and the math, on the basket, worked, because a few of the names compounded so violently that they paid for everything else many times over, and the entire portfolio, in aggregate, returned multiples of the original capital while everyone else in the country was buying real estate at the top of the housing bubble.
The 2026 version of this trade is sitting in plain sight. There are, right now, roughly 90 publicly traded technology companies in the United States that are profitable, growing, generating free cash flow, sitting on net cash, with strong gross margins, durable customer bases, and stock prices that are 70% to 85% below their 2021 highs. The market has decided, as a class, that these businesses are obsolete, that AI is going to kill them, that the category is over. The cash flow statements say something different. The renewal rates say something different. The customer concentration data says something different. The math, when you actually do it, says these companies are compounding right now, today, while the stocks are flat or falling, and the gap between price and value is wider than it has been at any point since 2002.
You do not need to be smart. You do not need to pick the next Amazon. You need to build a basket of 20 to 30 of these names, in equal weights, hold for at least five years, and let the math do what the math has always done. Some will go to zero. Some will compound. The aggregate, by any historical standard, will work. It worked in 2002. It worked in 2009. It worked in 2016. It worked in 2022. It will work this time, because the structure of the opportunity, which is forced selling by people who used to love these stocks and now hate them, is the most reliably profitable setup in equity markets, and it is, in 2026, sitting on the shelf, marked down, available to anyone with a brokerage account and the willingness to be ridiculed at dinner parties for the next 18 months in exchange for being right for the next ten years.
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@UtahStateBar You people are laughable as is pretty much every other “bar” institution
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In Utah, judges are:
✔ Thoroughly vetted before being nominated by the Governor and confirmed by the Senate
✔ Evaluated regularly by an independent commission (JPEC)
✔ Held to strict ethical standards
Before voting in retention elections, review the facts from the Utah Judicial Performance Evaluation Commission at judges.utah.gov
Fair courts depend on informed voters.
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@Utahfarmersorg1 Does any good policy ever come from these retards that are elected or running the show? I would hazard a guess and say “hell no”
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Utah's snow pack is a water reservoir. Snow pack reservoir water is down. Precipitation is up.
In Colorado, where the snow pack is down, they build new large reservoirs. Utah has not started a substantial reservoir in nearly 40 years while the population increased 113%.
Utah's stored water per capita has dropped 53%.
In Utah, we pray for rain, and are lectured on water by Utah's No. 1 City water hoarder, weaponizer of water, and water gouger - Salt Lake City which controls the Division of Water Rights.
In 2019-20, Salt Lake City water sales were $81,995,776.
In 2025-26 water sales were $145,236,807.
Same amount of water, just $63 million more (up 77%).
Salt Lake City's water revenues are gusher with $10 million transferred yearly to the general fund as a "franchise" fee.
If Salt Lake City does not like your politics (ICE), your sports (no Olympic venues in the canyons), your land use (gravel pit), or your hair color (bald), no water for you.
To save the Great Salt Lake, lower home costs, and improve jobs, the State must take back hoarded water from cities like Salt Lake City, Provo City, and Washington County Water District.
Better Policies for Better Living
ksl.com/article/514893…
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@bennyjohnson Wow 40c. That’s some crash. Be accurate in your reporting
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🚨Disney Stock CRATERS after Kimmel Backlash
Disney Stock was up today before Melania called for Kimmel's firing.
After Karoline Leavitt, President Trump joined in the stock is cratering.
How long will Disney let Kimmel erode shareholder value with sick assassination jokes?
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@JqAgrandma @Cernovich Why did Mike Lee support this clown?!?
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@Cernovich No Utahn with a brain ever believed Curtis was a Republican. He is just like Mitt Romnutt; a fraud through and through!
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Whale Rock: The "AI Infrastructure" Winning Portfolio
There is a smarter way to play the AI boom: Follow the "Physical Compute" backbone.
Whale Rock Capital, a top-performing tech hedge fund, has quietly built one of the most high-conviction portfolios on the Street, and it is almost entirely focused on AI Infrastructure currently.
Their thesis is simple: You can't run AGI software without massive power, networking, and memory. The accompanying graphic reveals their 14 anchor positions.
We’ve categorized them into the core infrastructure tiers:
1️⃣ Compute & Networking Kings:
$NVDA
$AVGO
$TSM
$CLS
2️⃣ Optical & Interconnect Backbone:
$COHR
$FN
$GLW
$SITM
3️⃣ Power & Critical Components:
$SNDK
$BE
$TTMI
$MTSI
$SMTC
If you are looking for long-term AI conviction, this is your roadmap. The institutions aren't betting on the app; they are betting on the data center. 💎🛰️ #AI #Investing #HedgeFunds
Follow Whale Rock at HedgeMind to win:
hedgemind.com/hedge-fund-por…
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@BreannaMorello Then he comes right back over the border under the next democrat president
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🚨JUST IN🚨
The illegal alien that STOLE Kristi Noem’s handbag was sentenced to 36 months in prison.
Mario Bustamante Leiva pleaded guilty to
three counts of wire fraud and one count of first-degree theft.
He stole Noem’s Gucci bag as she dined with her family at a District restaurant.
Once he completes his sentence, he will be deported.
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It’s really sad how the GOP completely dropped the ball on this ahead of Election Day in Virginia tomorrow…
Vote NO against Barack Hussein Obama’s redistricting.
Laura Loomer@LauraLoomer
NEW: Obama, Eric Holder, Soros, and House Democrat Leadership Attempt Midterm Coup in Virginia Barack Hussein Obama @BarackObama is teaming up with his lifelong buddies Eric Holder, George Soros, and House Democratic leadership to push forward a referendum set to take place on April 21st in Virginia. This would redraw the state’s congressional districts to give Democrats significantly more seats heading into the midterm elections. In a video that is playing constantly in Virginia, Barack Obama claims President Trump is attempting to rig the upcoming midterm elections. He says the only way to “Stop Trump” is to vote yes on Virginia’s newly redistricted maps on April 21st: “Free and fair elections are the cornerstone of our democracy, but right now they’re under threat… In April, Virginians can respond by making sure your voting power is not diminished by what Republicans are doing in other states. This amendment gives you the power to level the playing field in the midterms this fall. And voters will have the final say over what the maps look like. Virginia, we are counting on you. Republicans want to steal enough seats in Congress to rig the next election,” Obama says in the video. Obama’s Virginia ad is paid for by Virginians for Fair Elections, which is funded by Eric Holder’s @EricHolder National Democratic Redistricting Committee and House Democratic leadership members, including Whip Katherine Clark @WhipKClark. The receipts in the thread below show just how eye-opening the money trail is. WATCH 👇🏻
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🚨 ALERT: TROJAN HORSE IN MORMON UTAH - WE ARE BEING REPLACED!
Somali Muslim Aden Batar Runs “Catholic” Refugee Machine Funded by LDS Tithing, Producing DSA Candidate Liban Mohamed
A 27-year-old Democratic Socialist, the son of Somali immigrants who came to America, and a proud Muslim, just announced his run for Congress in what was supposed to be one of America’s reddest districts.
His name is Liban Mohamed, and he is the political face of Utah’s rapidly expanding Somali Bantu Muslim community.
⚠️That community did not grow by accident.
Meet Aden Batar, Somali Muslim refugee turned Director of Migration & Refugee Services at Catholic Community Services of Utah. (Say What!?)
He was resettled by them in 1994. Now he runs the entire program, alongside his deputy, Khalid Al Hachami (another Muslim), bringing more Muslim refugees into Utah under a Catholic label.
But listen to Batar himself in a recent talk:
“As a Muslim and also working for [the Catholic] organization… every single bed that they sleep with comes from the LDS Church… As a Muslim when 9/11 happened… the first person that reached to us at our mosque was the leadership from the LDS Church… ‘We are here with you… if one religion is attacked, all religions [are] attacked.’ It gives me a lot of comfort to live in this community… I’ve never felt that I’m in the minority here.”
He openly admits: He’s a Muslim running a “Catholic” refugee machine.
Every bed for the hundreds of refugees they import comes from the LDS (Mormon) Church.
Notice the narrative: Right after 9/11, while America was still reeling from radical Islamic terror, Batar portrays Muslims as the primary victims in need of Christian support and protection.
Meanwhile, the very system he now oversees continues bringing in more refugees from the same regions.
This is the Red-Green Axis in action:
Radical leftists (the “Red”) and Islamic movements (the “Green”) are working in alignment, leveraging Christian compassion, taxpayer dollars, and interfaith goodwill.
🔥Meanwhile, Batar also leads the Islamic Society of Greater Salt Lake 🔥
When an American/Israeli flag appeared at a local mosque last year, he issued a statement, in his official capacity at Catholic Community Services, calling it a “hate crime.”
This is the pipeline:
Christian compassion and taxpayer dollars → resettlement infrastructure → administered by Muslim leadership → expanding communities → producing the next generation of political candidates like Liban Mohamed.
Utah’s well-known culture of generosity is playing a central role in this transformation.
This is demographic and political shift driven through resettlement systems.
READ HERE: rairfoundation.com/daniel-greenfi…
Amy Mek@AmyMek
🚨SOMALIFICATION OF UTAH IS RAGING ON (UPDATE) As I warned in my earlier alert.... “ALERT UTAH - YOUR RED STATE IS QUIETLY BECOMING ‘LITTLE SOMALIA’” In the heart of conservative Mormon country, a Somali Bantu Muslim community of roughly 10,000 is openly celebrating its rapid growth - admitting they’re “taking over slowly,” pocketing $5.7 MILLION in federal grants, and steering their kids toward the full Islamic “deen” with youth programs, mosques, and community events. Now the political payoff has arrived, and it’s a full-on far-left nightmare. 🚨Liban Mohamed, a 27-year-old Black Muslim born in Logan and raised in Ogden to Somali immigrant parents, just announced his run for U.S. House in Utah’s new 1st Congressional District. This is the son of that very community, and he’s running on an extreme, radical platform straight from his own campaign video and site: ⚠️Abolish ICE & End all immigration detention, open borders on steroids ⚠️ Full citizenship path for Dreamers + “pathways to legal status” for undocumented immigrants, amnesty for millions ⚠️ Medicare for All complete socialist government takeover of healthcare as a “human right,” scrap private insurance entirely ⚠️ Universal childcare so “no parent has to choose between their child and their career,” more taxpayer-funded dependency ⚠️ Housing as a “right” restrict/ban corporations and private equity from buying single-family homes while dumping massive federal spending on “permanently affordable” units and ending “unfair evictions.” ⚠️ $20 federal minimum wage (indexed to inflation) - job-killing wage mandates ⚠️ Cap CEO-to-worker pay ratios with tax penalties on companies - wealth redistribution ⚠️Pass the PRO Act + repeal all “Right-to-Work” laws to force union power ⚠️ Equality Act - nationwide woke LGBTQ+ takeover of housing, jobs, schools, bathrooms, sports, shelters, and all federally funded programs ⚠️ Overturn Citizens United to ban corporate and PAC spending, while flooding the system with leftist money ⚠️ He whines that Utahns lead the nation in charitable giving, yet “our leaders take us for granted” while pushing to socialize everything and crying about “genocide” in Gaza.... 🚨Even the LDS Church is helping fuel this takeover: They have a policy of donating $25,000 of your tithing dollars to build every new or expanding mosque in Utah, including $25,000 straight to Utah’s largest mega-mosque (the Utah Islamic Center in West Jordan). Utahns - especially Latter-day Saints - your state is being transformed from the inside while your leaders host Iftars and your own Church writes checks for mosques with your tithing money. This is demographic conquest in America’s reddest stronghold. The “Mormon state” is on track to become the “Little Somalia” of the Rockies. Demand answers. Pause the refugee flow. Protect your culture. No reciprocity. No surrender. Pay attention, Utah.
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@RepDonBacon @ThraceAlex @AlaskaNorseman @OmahaChamber You are absolutely awful, Bacon. Worst of the worst. Pathetic twisting of so called Christian values and then you talk about workforce shortages. You’re such a charlatan
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@ThraceAlex @AlaskaNorseman @OmahaChamber I will vote my Christian and American values. You’ve convinced me now to look at Venezuela and El Salvador TPS. Thanks.
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Removing TPS status for Haitians living in the United States would cost 350,000 workers their ability to work at a time when we’re already facing serious workforce shortages. I’ve heard from healthcare providers and business leaders across Nebraska, including @OmahaChamber, who are concerned about the impact this would have on patient care and our economy. I don’t see the goodness of deporting people who are here legally, working, and contributing to our country.
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@johnarnold Easy for you to complain with your hundreds of millions when more than half the country is living paycheck to paycheck. Not to mention all the fraud and scams that are funded by our taxes.
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An incomplete list of tax cuts proposed or passed by Congress in the past year. Deficits be damned; Americans hate taxes.
NEW CUTS PASSED
- No tax on tips
- No tax on overtime
- Deduction for auto loan interest
- Child Tax Credit increased
- Standard deduction increased
- New senior 65+ $6,000 deduction
- Charitable deduction for non-itemizers
- SALT deduction expanded
- Higher estate tax exemption
- New tax-deferred Trump Account for children
- Deduction on interest on rural loans
- R&D expensing
- Increased Qualified Small Business Stock break
CUTS MADE PERMANENT
- Lower ordinary income tax rate
- 100% bonus depreciation
- Favorable treatment of business investment & interest
- Pass through deduction for small businesses
- AMT relief
NEW CUTS PROPOSED
- No income tax below $75k (married)
- Eliminate estate tax
- Lower cap gains tax
- Index cap gains tax to inflation
- Expand no tax on tips for all
- Expand no tax on overtime for all
- No tax on Social Security
- Repeal SALT deduction cap
- Eliminate marriage penalty for SALT
- Expand CTC and add pregnant mothers
- Expand child-care and dependent care credit
- Estate tax repeal
- Increase small business expensing
- Increase business R&D credit
- EITC expansion
- CTC full refundability
- Expand medical expense deduction
- Daycare expense deduction
- Commuter expense deduction
- Tutoring expense deduction
- Credit card interest deduction
- Primary residence rent deduction
- Performing artist expense deduction
- First time homeowner tax-advantage account
- Exclude legal damages from income
- Expand personal casualty deduction
- Whistleblower compensation tax improvement
- Taiwan double tax relief
- Expand low-income, rental, workforce, office conversion credits
- Boat interest deduction
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@DerrickEvans4WV No one gives a crap that he ended 8 wars. He’s such a dope
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🚨President Trump on the midterms:
"I ended eight wars. A ninth is coming. But I ended eight wars”
“when somebody gets elected president, that party always loses them in terms."
"I don't know why. Nobody can explain it. I ask people that are deep into the psychological world."
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