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Joined March 2024
Bloom Energy $BE fell 11% this morning after a record quarter. Operating cash flow was negative $27 million.
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Opening Bell Daily🔔 retweeted
Just like the US dollar is the world reserve currency, the best frontier AI lab could end up creating a world reserve AI model. Chinese models are cheaper but companies pay a premium for trust and safety, which is where the US has an advantage.
JPMorgan's top AI strategist does not believe the AI boom is a bubble. I sat down with JPMorgan global market strategist Stephanie Aliaga to discuss the latest sell-off in semiconductors and neoclouds, financing risks, hyperscaler and frontier lab moats, token economics, and the best opportunities in the market today. Stephanie is one of the leading voices on Wall Street covering AI. This conversation is packed with unique ideas. TIMESTAMPS: 0:00 - Still early in AI 2:43 - Neocloud financing fears 4:46 - Demand vs. financing 7:10 - Hyperscaler balance sheets 10:46 - Frontier lab token economics 15:06 - AI agents boom 17:05 - Enterprise AI adoption 20:24 - Where's the productivity gains? 26:24 - Where to invest now 30:16 - Favorite sectors 34:07 - US vs. international 37:29 - Too late to buy AI? 39:07 - What could derail the AI trade 40:44 - Follow Stephanie
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Meta $META capex has grown faster than its revenue for 10 straight quarters. Capital spending rose 80.3% in the third quarter.
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US households now hold a record 48.2% of their financial assets in stocks. At the dot-com peak it was 38.7%.
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Apple $AAPL closed at a record high Thursday as the only Magnificent 7 stock to rise. The stock is up 28.1% this year.
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Opening Bell Daily🔔 retweeted
October market crashes are a tradition on Wall Street and AI stocks are falling right on schedule. The good news is the 6 months after midterms are the best stretch for stocks in the entire 4-year presidential cycle. My discussion on stocks, AI and Grok Bot on @FoxBusiness.
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Meta $META erased $124 billion in market value Thursday, the fourth most in the S&P 500. Nvidia lost the most, $235.2 billion.
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CoreWeave $CRWV and IREN closed at 2026 lows Thursday as neocloud stocks sold off. Nebius is still up 90.1% this year.
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Opening Bell Daily🔔 retweeted
JPMorgan's top AI strategist does not believe the AI boom is a bubble. I sat down with JPMorgan global market strategist Stephanie Aliaga to discuss the latest sell-off in semiconductors and neoclouds, financing risks, hyperscaler and frontier lab moats, token economics, and the best opportunities in the market today. Stephanie is one of the leading voices on Wall Street covering AI. This conversation is packed with unique ideas. TIMESTAMPS: 0:00 - Still early in AI 2:43 - Neocloud financing fears 4:46 - Demand vs. financing 7:10 - Hyperscaler balance sheets 10:46 - Frontier lab token economics 15:06 - AI agents boom 17:05 - Enterprise AI adoption 20:24 - Where's the productivity gains? 26:24 - Where to invest now 30:16 - Favorite sectors 34:07 - US vs. international 37:29 - Too late to buy AI? 39:07 - What could derail the AI trade 40:44 - Follow Stephanie
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Meta $META just booked record sales and still had negative free cash flow. Its spending on property and equipment rose 80%.
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The equal-weight S&P 500 ETF beat the S&P 500 ETF by 1.9 points Thursday, the most since July 2024. 336 of 503 S&P 500 stocks closed higher even as the index fell.
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Chip stocks fell 6% Thursday, their worst day since June. The last bigger drop was a 7.0% fall on June 23.
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Tesla $TSLA and SpaceX stocks are moving more in step than at any time since SpaceX's IPO. Their 30-day correlation hit 0.64 on Wednesday.
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China's CSI 300 is in a bear market after closing 20.2% below its June peak on Thursday. The S&P 500 is up 3.8% since that peak.
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Meta $META capital spending topped its operating cash flow last quarter for the first time since 2012. Capex was $33.94 billion.
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Western Digital $WDC stock fell after each of its last 3 earnings reports. The biggest drop was 13.0% in August, and it reports again after today's close.
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Tesla $TSLA and SpaceX stocks are trading more closely than ever. In October so far, their correlation is 0.81.
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