After riding cyber for so long, I finally sold out today
Could go up more but I’m done whistling past the graveyard on this macro backdrop
- AI/Semi weakness will drag the market down
- Yields
- Oil/War
- WW2 for individual stocks while indices stay propped up
Will exercise patience for easy mode again
Huge outperformance month for me when it has been doom for the rest of the market
Still holding $META from 540’s & $ZETA from $22
It's over
Memory, photonics, and neoclouds already ran.
THE NEXT $1T AI BOTTLENECK IS CYBERSECURITY.
Humanity just opened Pandora's box.
What we let out is unlike any threat we've ever seen. And these 10 stocks might be our only hope.
1) $CRWD
The control plane every AI agent has to pass through. Record $1.47 billion quarter, up 26%. Net new ARR hit $333 million, up 51%. George Kurtz just said AIDR can be bigger than EDR because each person will run ~90 agents. The market still prices CrowdStrike like an endpoint vendor. Kurtz is describing the security layer for the agent era.
bryan retweeted
BREAKING: OPENAI, ANTHROPIC, GOOGLE, MICROSOFT, AND GROUP OF 100+ TECH COMPANIES WRITE OPEN LETTER TO U.S. GOVERNMENT & AMERICAN BUSINESSES URGING CYBER DEFENSE ACTION - BLOOMBERG
AI companies OpenAI & Anthropic along with Microsoft, Google, and 100+ other tech companies are calling for governments, tech companies & organizations to focus on making cyber defense "an immediate leadership priority" and to fix existing vulnerabilities in their software to prepare for AI-enabled hacks.
The letter says that in the coming months, AI models will be used to carry out increasingly complicated cyber attacks at a higher volume.
"Today’s AI advances are already giving defenders new ways to fix weaknesses that have accumulated for years... If we act decisively, we can use the defenders’ window to make our digital world much more secure."
$LMND looks unreal
Sellers losing momentum here, won't take a lot of volume for buyers to take control again
Investor day in November should spark another run as it seems people have forgotten that their AI data flywheel continues to fire on all cylinders while the business optimizes every quarter
Look at all the memory cope in the replies
Just makes his statement even more credible
I think the market ultimately has no choice but to go sell memory, long optical in the "short term." Actually, some hedge funds already seem to have this position on.
There are three main reasons.
1. With Korean leveraged ETFs effectively dead, LPs are in a redemption rush, which could bring out additional sell on flow.
2. Nvidia is nerfing Rubin Ultra's HBM and responding with optics, tying multiple racks together, so that even if Rubin Ultra's per rack performance is not superior to Rubin, at the cluster level optics let the Rubin Ultra cluster hold an edge over the Rubin cluster. This holds even if Rubin Ultra's HBM nerf is a supply problem rather than a demand problem.
3. Consensus is forming that memory prices will peak within the next two quarters.
Medium to long term I am still a memory bull, but short term I am somewhat bearish on memory. I currently have no memory position.
