Sorry I under exaggerated my claim on how bad the $CRWV situation is. They have $11 billion of debt maturing and $2.6 billion of interest due by next year, while operating at a loss and only having $10 billion in revenue. I mistakenly claimed only $500 million interest. I have to call out my mistakes Executives cashing out $11 billion + of stock as Ai bubble delusion and fraud goes on. $CRWV owes $13.6 billion by next year Makes $10 billion revenue Has no access to credit Is worth $50 billion That’s the level of fraud and delusion in Ai

the most profitable quarter ever by any company, but will it be enough to justify Samsung's ($005395.KR / $005930.KR) forward PE of 4?

HOLLYWOOD-MINTED “EINSTEIN OF FINANCE” MICHAEL BURRY SOLD $LULU AT AN 8-YEAR LOW, LOCKING IN A HEAVY LOSS Burry first showed LULU in the second quarter of 2025, when the stock closed the quarter near $237. He held it for roughly 15 months and sold on October 5, 2026, as it fell to about $91, its lowest level since May 2018, an 8-year low. He saw artificial intelligence as a bubble and shorted it, while opening a large position in $LULU and staying stubborn for a long time. That stubbornness cost Burry dearly. Michael Burry’s biggest disadvantage in the stock market is that he is far too stubborn. He is not open-minded like George Soros and Stanley Druckenmiller. Stanley Druckenmiller, in an interview with Jack D. Schwager in The New Market Wizards (HarperBusiness, 1992, p. 196): “Soros is the best loss taker I’ve ever seen. He doesn’t care whether he wins or loses on a trade. If a trade doesn’t work, he’s confident enough about his ability to win on other trades that he can easily walk away from the position.” This is not financial advice.

The sell-side research on this name is a joke. For example, how do you swallow a $4B YE (Dec) 2026 “ARR” if your FY 2027 revenue estimate is only $2.5B? And how is your D&A estimate for FY 2028 ($1.9B) LOWER than for FY 2027 ($2.3B)…?! $IREN

It costs $11.2M/MW in the US to build a data center, compared to $3.5M/MW in Mainland China. Its really expensive...about 3x more expensive.

Sam Altman admits he was wrong on AI's timeline and says society and the economy will adapt more slowly "I thought when we got to GPT-4, which was back in 2023, that very quickly after that there was going to be much more disruption, software businesses up for grabs right away, than it turned out to be." "I think I was wrong about a few things, but one in terms of the speed: the economy just has so much inertia." "People keep doing the same things, buying from the same company, wanting to use their tools the same way. I think this is actually a positive in many ways, and it's going to make this big transition go smoother and slower. I'm grateful for it." "But it means we've all been too ambitious on timelines. Even with this incredible technology, society and the economy will adapt more slowly."

Everyone seems to hear “Sam says adoption is slow” as bearish. I hear: this is a much healthier transition than rapid, messy disruption, and **all of this demand is showing up before adoption has really started.** The OAI numbers reported last week were bananas but somehow already forgotten. Good reminder that price drives narrative and vibe. Two months of bad AI price action and the animal spirits have turned into a rush to call the top.

$MU $SNDK $SKHY $Kioxia $Samsung South Korea NAND and DRAM export unit price for August goes parabolic. Bullish AF memory

Time to prep!!

ready skidaddy

The best analogue to SK Hynix here is Micron, which was down huge yesterday. I am going out to see them today in Boise.. Can't wait!!

Sndk guide is their Oracle RPO guide moment

I really don't understand why funds keep selling chips just because software stocks are rallying on an unconfirmed M&A article. Silly market.