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Semiconductors

Standard Chartered strategist: Taiwan's August revenues ran 8-10%, not the usual 1-2%
5 arguments: Why the pacing proposal shifts where AI money goes rather than cutting it, what Washington and Beijing said, and the case for…
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Semis fell 29% in a month and the setup is worse now, says Niles Investment Management
5 calls: Why he has a lot of shorts on into the midterms, the one megacap he is long at 17 times earnings, and the reason he thinks 6% on the 10-year is…
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Satya Nadella: tell an agent to optimize working capital and it may fake the books
10 arguments: Why he wants outside testers embedded in the labs, what he says Copilot's 30M users prove about the enterprise market, and the rural town…
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Shadowridge CIO: the 8 months from the midterms to June have never been negative
12 predictions: Why he expects the market to shrug off a rate rise this week, the oil price that caps the rally, and the 40-year cycle he says makes…
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Carnegie fellow: a pause on frontier AI alone is too good a deal for China to happen
21 arguments: Why he puts about 10% on doom once political outcomes are counted, the compute-for-access deal he wants Europe to strike, and why…
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Elon Musk: have the AI labs test each other's models, and China would probably agree
13 takeaways: What SpaceX's president says computer rental is doing to revenue, the 50–60% odds on catching Starship next flight, and why Terafab exists…
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Standard Chartered's allocation head: 5% is capital scarcity, not a fiscal story
5 calls: Why AI capital spending of $260B in 2024 becomes $1.2T by 2027, where on the bond curve he still wants to be, and the case for gold as…
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Baird strategist: the frontier labs are worried about open source, not China
5 calls: Why he wants the cloud titans to self-regulate before politicians arrive, what 70+ earnings calls told him about the build-out, and when to…
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Cerebras CEO: 18 months at $8M a month and they still couldn't make the chip
18 takeaways: Why a chip startup has to aim at 100x rather than 50% better, how a fab that costs $40B turns out a $22 chip, and the one person he says…
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Bloomberg reporter: the biggest one-day split in 10 yrs between chips and software
5 insights: Why the compliance bill may land on the hyperscalers rather than the AI labs, what "AI borders" would mean for where models are hosted, and…
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VanEck CEO: the air is coming out of the AI trade, and he is still overweight semis
8 calls: The yield he asks advisors would get them into the 10-year, why he says gold is an Asia trade rather than an inflation trade, and his verdict…
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Money Flows analyst: AI's CEOs want regulation because it keeps competitors out
10 calls: Why he reads the safety warnings as a public-relations exercise, the three memory and photonics names he is buying, and what he thinks…
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