buy side PM. i tweet about markets.
Joined February 2015
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These charts in AI / Semi land looks so broken - I have to admit. Macro has gotten bad enough where the classic "V" shaped bounce we have historically been blessed with ain't happening anymore. From here, just own the quality names in this space. Junk crap bottleneck trade isn't coming back at this point in the cycle.
ohh.. and long vol through all of this.
Go watch it. It’s one of the best movies i’ve seen in quite some time. Definitely the best doc i’ve ever seen, hands down
It's not about whether the AI is good enough or price performant. It's about META having control over the model weights and algorithm that power their future products like Muse. How do you plan product launches when you are dependent on OAI / Ant foundation models?
There is also the data argument too. There is no shot META is going to hand over 3B peoples user data to the leading labs. Too valuable. That's there moat. That's there IP.
Big investment in the short term, but should work long term.
Up 122% since this tweet. We give out free alpha on this account. $HUM
$HUM now has 2028 earnings power of $40-$45 with the updated Stars ratings. Using a 15x multiple that gets you to a 600-675 stock by end of next year. Still ~45% upside from where it is trading in the after hours.