“everyone has seen cash flow from these hyperscalers to NVIDIA to power companies to data center builders.”
Hyperscaler AI capex is committed and rising; the cash flows to NVIDIA first regardless of cloud conversion timing.
“An AI advancement delivers better ad performance basically immediately. … they just don't have a diffusion question.”
Meta AI improvements hit ad revenue instantly, no diffusion lag, so AI CapEx converts to profit fastest here
“there's like the idea of a, of a CPU shortage generally is just being digested by the market right now … this tends to happen as people digest the new reality of demand around certain pieces of the AI”
Market is only beginning to digest a general CPU shortage; Intel reratings like NVIDIA did post-ChatGPT.
“institutional crypto has never been better … institutional markets are ripping and the token markets suck, basically.”
Institutional crypto rails decouple from dying tokens; custody and stablecoin revenue buffers Coinbase as trading craters.
“Clarity is all around market disclosures … that's about to happen, but with this thing called Clarity.”
Clarity Act gives non-Bitcoin tokens a security-to-commodity path, re-rating the broad token market higher.
“It's a hybrid engine that marries the structured data and logic of the Roblox Engine … with the generative power of video world models”
Roblox Reality marries its engine with video world models, bringing AAA photorealism to its creator base.
“we have an incredibly diversified business, 11 lines of business generating $100 million or more in annualized revenue … crypto is a big one for sure, but it's under 20% of our revenue”
Robinhood compounds across 11 revenue lines and a $100T generational wealth transfer, crypto under 20%.
“Korea's HBM leader trades at a fraction of US peers' multiple on the same AI memory cycle; the discount closes.”
Korea's HBM leader trades at a fraction of US peers' multiple on the same AI memory cycle; the discount closes.