I have several small caps running right now, since markets have placed them in vogue. One of my favorite story stock small caps is BLZE. This is a traditional CPU powered data center, old school — not the cool GPU sort. However, their new business model is 3rd party storage solutions for AI customers who...Read More

With ~10% cash, we managed +125bps for the session. It is unfortunate to have so much cash during such elaborate and ornate displays of money creation. However, markets do not dip and I have wanted one and have not really received one since April. The lay of the land is one of looming collapse or...Read More

Mid-day The Information came out with a report of scandalous proportions. The Oracle Corporation is reportedly losing $100m per qt leasing their Blackwell chips. On this news, the entire AI space was flooded with sales, ORCL ebbing lower down 7% at the lows. This is of course IMMATERIAL nonsense, less than a rounding error and...Read More

This morning I was greatly chagrined to learn AMD cut a deal with OpenAI, especially since I sold it on Friday. The rationale appeared to be just fine. After all, it was a profit and there was weakness in growth, so why not raise some cash and then get back in later? This mentality has...Read More

Never think with someone else’s pocket, for it is likely to not resemble your specific situation. In this case, we hear about debt issuance being bandied about as a harsh concern for all — since the hyperscalers are tapping credit markets to finance a once in a lifetime project. ORCLHyperscalers debt/market capIt turns out, the...Read More