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Tuesday, October 20, 2026

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@convequity 1 click

Convequity on X

Cerebras is a taxi. NVIDIA runs the buses. Almost every confusion about $CBRS begins with reviewing the wrong vehicle. We just published Part 1 of our Cerebras deep dive: → Why wafer-scale SRAM excels at low-batch decode → Why $NVDA becomes the cheaper token factory at high concurrency → Why Cerebras was built for training—but found its future in inference → Why the two architectures are increasingly complementary, not substitutes Our conclusion: Cerebras is mostly a buy over the next 2–3 years—but demand for premium-speed inference will decide the case. The full high-level report is live. 👇 https://t.co/awUwxPUSHI
@BrokenMoats

Broken Moats on X

$TGT continues to run post earnings now at 17x next year before considering net debt load with earnings expected to shrink next year on less than 3% growth Tough weekend too. ATF with 1.8m members (teachers union) announced a boycott for back to school of Target last week and today are having to make public comments about a racially insensitive clown costume….. might seem on the margin but prior issues with pride and other campaigns were a key contributor to TGTs foot traffic problems
@ActAccordingly

PAA Research on X

Someone just sent me a brief slide deck on $MCD and it made me realize that I never, I mean never hear anyone talk about it on this platform. Not even @jeffmacke mentions $MCD at his 3:45AM Denny's sessions and he likes to keep everyone on their toes about monster consumer franchises that receive little investor attention in this tech driven era. It did remind me that Ron Dottin called the bottom in this stock in late 2002 after $MCD went through 3-CEOs in a few years (one of which who died) and the company was seemingly in shambles. The stock went up 5x in 5-years. That was back when that meant something. On paper, $MCD looks like the least interesting setup (long or short) I've seen in a really long time.

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Heico Corporation

HEICO sells FAA-approved aircraft replacement parts at 30% to 50% discounts to OEMs, gaining customers as restrictive aftermarket contracts…

HEI $42B
D Invests 13 clicks

Copper Fox Metals: Research Flash

Copper Fox’s C$9.1 million Schaft Creek program advances metallurgical, tailings, water and road studies toward a pre-feasibility study,…

TECK $31B
Atrium Research - Equity Research 6 clicks

AppLovin Deep Dive

AppLovin rebuilt its ad model with AXON 2.0, lifting LTM revenue to about $7 billion and margins to 77% as Unity competition threatens ad…

APP $92BU $18B
Speedwell Memos 68 clicks

Do You Trust Apple?

Apple’s HomeView strategy ties Siri, privacy and smart-home control to consumer trust in its vision for the home.

AAPL $5T
Stratechery by Ben Thompson – On the business, strategy, and impact of technology. 3 clicks

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