The Scuttlebutt

The Scuttlebutt

Home
Notes
Chat
Archive
About

Broadcom - $AVGO

"I'd rather have 10% inflation than a recession": Basis Points on the Fed hike
12 arguments: Why one host wants the whole Fed removed, why both stopped wanting to own Anthropic in the same week, and the two-year political ad cycle…
 • The Scuttlebutt
Sherwood's markets editor: Apple is where you hide from hyperscaler AI capex
13 insights: The number of S&P 500 stocks above 40x sales is at bear-market levels, why the Mag 7 just went negatively correlated with momentum, and the…
 • The Scuttlebutt
Apollo President on sports debt: "You're loaning 10, 15, 20 cents on the dollar"
7 insights: Why Apollo would rather lend to the AI build-out than own it, where the gross margin in AI actually sits, and the 10-year range he thinks…
 • The Scuttlebutt
OpenAI CFO: the ads business hit $1B in 7 months, the fastest-growing ad platform ever
13 arguments: Why a quarter of OpenAI's engineers came off production work for cyber, what a credit check costs once a model does it, and why she says…
 • The Scuttlebutt
Buy Hold Rant: Meta's Muse Added $90B to Its Market Cap in a Day
7 takeaways: ChatGPT's Astra undercuts Opus on price, Tesla's cybercab math nets Tesla just 1% more revenue, and why Micron still beats Broadcom
 • The Scuttlebutt
Animal Spirits' hosts: hyperscaler debt is now 70% of Treasury issuance
17 takeaways: why higher rates are good news for savers, why Nvidia's operating income now beats Apple's, and how an AI agent got a diner's Resy account…
 • The Scuttlebutt
Facts vs Feelings: markets now price Fed hike odds over a cut
9 takeaways: why the jobless rate's record streak is real, what's quietly skewing wage growth, and how markets are now pricing Fed hike odds over a cut
 • The Scuttlebutt
Jay Hatfield: 30% of the PCE index is imputed, and inflation is really 1.3%
6 takeaways: the rounding quirk that pulls CPI down to 2.4%, why Marvell is worth at least $300, and the $450 target he says nobody else has on Broadcom
 • The Scuttlebutt
Ed Zitron: an investment-grade rating just delays the day OpenAI runs out of money
10 takeaways: Why he says AI is repeating 2008's habit of managing a crisis instead of fixing it, and what $1.3T of take-or-pay compute commitments does…
 • The Scuttlebutt
Ben Reitzes: the AI industry should cut power bills and get the world ready for UBI
6 takeaways: Why he says Nvidia will give its models away to sell the stack under them, the 6 quarters of margin the last call de-risked, and what…
 • The Scuttlebutt
Carter Worth: nothing explains Caterpillar's $800 to $1,050 round trip but money flow
11 takeaways: The five winners he says are rolling over, why the semiconductor unwind is not over, the one sector he would own more of, and the trade…
 • The Scuttlebutt
Mustafa Neemuchwala: Nvidia's $3.5B MediaTek note pays it when Google's TPU wins
8 takeaways: Why he says this is not circular financing, who actually pays MediaTek for the interconnect work, and the Anthropic deal he says the…
 • The Scuttlebutt
© 2026 The Golden Age LLC · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture