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GLOO, part two

Gloo faces related-party deals, insider-heavy IPO ownership, acquisition losses and $84.5 million of CEO-backed puts as it burns cash and markets faith-focused AI tools.

GLOO $291M

Guardian Research 34m ago

5h ago NFLX $511B

Netflix Q3 Earnings Update

Rebound Capital 7 clicks

6h ago CRWV $34B

CoreWeave: It’s Not Dying, Not Anytime Soon

Capitalist Letters 11 clicks

From X

@KEDM_COM Sep 17 2 clicks

KEDM.com on X

Alpine Capital @jdsdebruyn reduced semiconductor exposure and added hyperscalers after the June pullback, citing combined hyperscaler capex of approximately $416bn in 2025 projected to exceed $750bn in 2026. It initiated Oracle $ORCL, and concedes the entry has not worked yet: “Oracle’s price action since initiation has been disappointing, but we believe the valuation is attractive and the current view on Larry Ellison (co-founder) is probabilistically asymmetric given the entry point. Oracle can slow spending if AI reverses (which we do not think will happen).”

@stockgutter Sep 17

SG on X

$SVM out with a new repurchase program. I'm still long. https://t.co/qk02dmc1q8

@negligible_cap Sep 17 2 clicks

Negligible Capital on X

You know it’s gonna be a good day when even $AMZN is getting bought

@ACapitalLP Sep 17

A Capital on X

@Fwenen $QXO vs. $XHB 🤷‍♂️ https://t.co/ueiuutNvlX

@BlueDuckCap Sep 17

BDC on X

Just surfacing this one to demonstrate we are not and never were $snap absolutists. We will go long and short and when facts and circumstances change our opinion changes too. And NO - Specs will not be a mass market hit this holiday season. Too expensive and awk form. But here's the bull case from here: 1. FCF/Share is the metric mgmt now focused on. By definition that requires fresh cost and SBC discipline. 16% hc reduction and flat share count already in place. $500mn in opex savings about to flow through. 2. Ads biz stable enough. 9% growth in Q2. Guide implies so decel. But ad checks stable vs Q2. Decent enough. Some progress on ad tech. Only needs 5% growth next year to hit our numbs. 3. Sub biz $1.2B rr, growing 85%. Needs 50% growth next year to hit numbs. 25mn paid subs, still well below penetration threshold of 7-12%. 4. Specs tech is real. 7k+ patents. Real use cases. What's that worth? $META or $MSFT or $AMZN could buy Specs for the patents alone and pay $2B and it would be nothing to them but all the call optionality which could incubate until form factor is mass market. 5. Lets just say Specs is worth $2B to a strategic buyer or partner. That implies $snap 7.5B or $4.5/ share. In this scenario then FCF/share at SNAP goes to over $1/share, easily. So 4.5x FCF on a business still growing revenue mid teens. @evanspiegel Specs are cool. But can't keep spending $500mn a year on them. Bring in a minority investor please and lets make SNAP stock great again. @IrenicCap

@MaiusPartners Sep 17

Maius on X

5/X The Setup: At ~10x earnings and a sub-$1 B market cap, $PSIX is being priced like a distressed Permian parts supplier, ignoring its structural position as a pick-and-shovel toll road for AI compute infrastructure. Full deep dive on Weichai’s global playbook and the $PSIX setup on our website:

@MaiusPartners Sep 17 2 clicks

Maius on X

3/X The $GNRC Generac / $AMZN AWS Trojan Horse: Tier-1 OEMs ($CAT, $CMI, MTU) are locked in 24 month+ lead-times. $GNRC stepped in with an $8B Amazon backup deal, but GNRC lacks large-bore diesel blocks and enclosure capacity. Who bridges the gap? The Weichai Ecosystem. PSIX monetizes the buildout whether AWS buys through Cat dealers or Generac.

@MaiusPartners Sep 17

Maius on X

4/X The Prime Power Endgame: Backup power is just the wedge. The prize is prime power. SemiAnalysis recently flagged $META and Anthropic deploying 300–500MW sites using 21.9L gas engines— the exact spec $PSIX supplies. As Weichai pushes its larger 12M55 and 20M55 gas engines through North American UL certification, $PSIX becomes the domestic vessel for low-cost, off-grid power generation.

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