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Felix

@Felix__archive

I research AI infrastructure and growth stocks. Earnings, valuation and the risks behind the headlines. Writing Archive Invest.

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Joined June 2024
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$NVDA says it will invest $3B in $META's equity offering as they expand work on Muse AI agents. Meta also plans to expand its NVIDIA infrastructure deployment. When suppliers buy into their customers, I'd watch how much demand they end up financing.
NVIDIA CEO Jensen Huang and Meta CEO Mark Zuckerberg seated onstage at SIGGRAPH 2024. Official NVIDIA photograph from July 29, 2024, used as an archival image of the two company leaders, not a photograph of the October 2026 investment announcement.

ALT NVIDIA CEO Jensen Huang and Meta CEO Mark Zuckerberg seated onstage at SIGGRAPH 2024. Official NVIDIA photograph from July 29, 2024, used as an archival image of the two company leaders, not a photograph of the October 2026 investment announcement.

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$SNDK reported $11.0B in fiscal Q1 revenue, up 378% from a year earlier, with an 85% GAAP gross margin. Shares fell 13.5% on October 30. The next test is whether those margins hold. More at Archive Invest: archiveinvest.substack.com
News card using an authentic official Sandisk SN670 enterprise NVMe SSD product image on white. Headline: Sandisk, revenue up 378%, shares down 13.5%. Revenue compares fiscal Q1 2027 with Q1 2026; share move is October 30, 2026. The archival product image illustrates the business, not the earnings event. Original product markings retained; layout composed without AI-generated imagery.

ALT News card using an authentic official Sandisk SN670 enterprise NVMe SSD product image on white. Headline: Sandisk, revenue up 378%, shares down 13.5%. Revenue compares fiscal Q1 2027 with Q1 2026; share move is October 30, 2026. The archival product image illustrates the business, not the earnings event. Original product markings retained; layout composed without AI-generated imagery.

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I wrote up $NU on October 11 using a $16.12 reference price. It closed at $12.05 on October 29, about 25% lower. The bear case deserves another look: credit quality, currency risk and the assumptions behind the valuation. archiveinvest.substack.com/p…
Large purple Nu sign outside Nubank's headquarters in São Paulo, with people by the glass entrance. Official Nubank newsroom photograph published May 18, 2023. Archival company image, not a photograph of the October 2026 share-price decline.

ALT Large purple Nu sign outside Nubank's headquarters in São Paulo, with people by the glass entrance. Official Nubank newsroom photograph published May 18, 2023. Archival company image, not a photograph of the October 2026 share-price decline.

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$META closed at $624.52 on October 29, just below the $625 price of its $25B common-stock offering. The timing matters: the offering uses forward sale agreements. Meta expects no initial proceeds from that sale, with settlement expected by November 19, 2027.
Meta's Prineville data center exterior at dusk, with illuminated windows beneath a blue sky. Official Meta media-gallery photograph, used as an archival illustration of company infrastructure, not a photograph of the October 2026 securities offering.

ALT Meta's Prineville data center exterior at dusk, with illuminated windows beneath a blue sky. Official Meta media-gallery photograph, used as an archival illustration of company infrastructure, not a photograph of the October 2026 securities offering.

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Intel CEO Lip-Bu Tan estimates the server CPU market could grow from $40B to more than $200B over five years, largely driven by AI agents. That's a forecast for the whole market, not Intel revenue. Is that estimate too high, too low, or about right? $INTC $AMD $ARM
Front and underside of an Intel Xeon 6 processor against a blue background. Archival product photograph from Intel's official press kit, dated 2024. Illustrates server CPUs, not a depiction of the projected market size or the October 2026 earnings call.

ALT Front and underside of an Intel Xeon 6 processor against a blue background. Archival product photograph from Intel's official press kit, dated 2024. Illustrates server CPUs, not a depiction of the projected market size or the October 2026 earnings call.

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$AMZN's AWS revenue grew 39% to $46B in Q3. The infrastructure bill is growing too. Amazon reported trailing free cash flow of minus $42.4B. Demand and cash generation are telling different parts of the story. 1/6
An aisle of server racks and yellow network cabling inside an Amazon data center, with a worker in the background. Official archival Amazon photograph published in May 2025; illustrates infrastructure, not the October 2026 earnings event.

ALT An aisle of server racks and yellow network cabling inside an Amazon data center, with a worker in the background. Official archival Amazon photograph published in May 2025; illustrates infrastructure, not the October 2026 earnings event.

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Trailing 12-month free cash flow was minus $42.4B, versus plus $14.8B a year earlier. For Q4, Amazon guides to $28.5B to $33.5B of operating income. Those are different measures and periods: quarterly accounting profit can coexist with negative trailing cash flow. 5/6
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Jassy said revenue commitments for Graviton and Trainium each grew more than 20x year over year. Commitments aren't recognized revenue. Amazon intends to offer Trainium outside AWS in late 2027. That expansion is still a plan. $AMZN 6/6
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Just by listening to what they were talking about in the conference call and hearing that for them it feels like it's all just getting started got me excited tbh teapawt.net/massivemoats/status/21…
Massive Moats Research (@massivemoats) profile pictureMassive Moats Research
@massivemoatsOct 30
I believe $AMZN presents a highly attractive investment opportunity at its current price of $225 per share, given the company’s strong prospects in the decades to come. I am not selling today. This is not financial advice.
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Pricing power is real teapawt.net/ariaradnia/status/2115…
Aria Radnia 🇮🇷 (@ariaradnia) profile pictureAria Radnia 🇮🇷
@ariaradniaOct 29
YOURE TELLING ME SAMSUNG MAKES MORE PROFIT THAN NVIDIA RIGHT NOW?!?!
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Let this day be another lesson. A lesson that tells you that you need to know in what you are investing, and you also need to have a clear reason for why you are investing. teapawt.net/VJNCapital/status/2116…
Vebjørn (@VJNCapital) profile pictureVebjørn
@VJNCapital23h
A good day to find something else to do than checking the portfolio
Image from Vebjørn (@VJNCapital)
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$INTC's data-center and AI revenue grew 78% to $7.3B in Q3. Its client business fell 5% to $8.1B. Q4 revenue guidance is $15B to $16B. Intel says unlocking more Xeon supply is an immediate priority. Strong server demand and a weak PC market can coexist.
Front and underside of an Intel Xeon 6 processor against a blue background. Archival product image supplied by Intel's official press kit from 2024, illustrating its server-processor business rather than a new October 2026 product announcement.

ALT Front and underside of an Intel Xeon 6 processor against a blue background. Archival product image supplied by Intel's official press kit from 2024, illustrating its server-processor business rather than a new October 2026 product announcement.

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The Fed held rates at 3.75% to 4% on October 28. Two officials wanted a hike: Lisa Cook and Beth Hammack. For AI infrastructure builders, financing still matters. Strong demand doesn't make the cost of capital disappear.
Official archival Federal Reserve portrait of Kevin Warsh. This is not a photograph of the October 28 meeting or of either dissenting official.

ALT Official archival Federal Reserve portrait of Kevin Warsh. This is not a photograph of the October 28 meeting or of either dissenting official.

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Bloomberg reported on October 28 that $MRVL was in advanced talks to buy $LITE. Lumentum supplies optical components for data centers. A deal would deepen Marvell's exposure to the hardware connecting AI systems. Talks aren't a signed agreement.
A blue-gloved hand holding a wafer above a wafer cassette. Product-manufacturing photograph from Lumentum’s official products page, archival image with no capture date stated. It does not depict acquisition negotiations or imply a completed Marvell transaction.

ALT A blue-gloved hand holding a wafer above a wafer cassette. Product-manufacturing photograph from Lumentum’s official products page, archival image with no capture date stated. It does not depict acquisition negotiations or imply a completed Marvell transaction.

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$MSFT's Azure grew 48% in the September quarter. $GOOGL's Cloud revenue grew 103%. Both reported on October 28. But growth alone doesn't show what the infrastructure build is doing to cash flow. Three details from the results. 1/4
Google Ironwood TPU on a green circuit board. Archival product photograph from the AI news briefing, sourced via Tom's Hardware. Illustrates Google's custom AI hardware; not a photograph of the October 28 earnings announcement or Microsoft's equipment.

ALT Google Ironwood TPU on a green circuit board. Archival product photograph from the AI news briefing, sourced via Tom's Hardware. Illustrates Google's custom AI hardware; not a photograph of the October 28 earnings announcement or Microsoft's equipment.

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Google Cloud generated $30.7B in revenue and $11.1B in operating profit. TPU system sales contributed meaningfully to growth. The 103% increase isn't entirely recurring cloud-service consumption. Hardware sales and cloud usage have different economics. 3/4
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Alphabet generated $42.3B in operating cash flow but spent $51.4B on property and equipment in Q3. Free cash flow: minus $9.1B. Search revenue grew 12% to $63.4B. The question is how quickly the infrastructure build starts paying for itself. $GOOGL 4/4
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