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Wednesday, October 28, 2026

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@aleabitoreddit 2 clicks

Serenity on X

Yeah this statement was heavily bullish on neoclouds like $NBIS along with many others "Our belief is that the value of compute per watt will increase over time, not decrease. The reason for that, I think it should be obvious to people really, is that as you improve the AI software, as the models get better and better, you get more useful intelligence per watt And the value of that compute is proportionate to the useful intelligence per watt. And that’s why you see things like even old computers like H100s renting for more than they rented when they were new. And I think that’s likely to continue. I think we’re going to face a shortage of superintelligence compute and that shortage is going to remain for a long time"
@aleabitoreddit 10 clicks

Serenity on X

Yeah not sure how anyone thinks it's over on AI semis like $NVDA GPUs, memory, to photonics, after $SPCX earnings. - Previous Q4 capex outlook ~$18.4B... Now $35–40 billion Q4 capex guidance, basically doubling previous outlook "Q3 and Q4 capex should be similar to Q2's $18.37B" from CFO in August. -Elon: "If everything goes right, we’ll have 20 gigawatts of incremental power next year" "High confidence of 10 GW next year, and 20 is difficult but not impossible - "I’m being as precise as possible about this. It is absolutely insane to be deploying and providing the power and all of the electrical equipment, the cooling, the batteries, the networking, and everything else that’s needed to turn on 220,000 GB300s a month" You're gonna need a lot of HBM, power, networking/optical components to make all of this happen. - Elon projects SpaceX could exit 2027 with an ARR of "$500 billion and $1 trillion by the end of 2027 When you see $SPCX double capex outlook next quarter, target another 10GW deployment by next year, and all the procurement needed to turn on 220,000 GB300's a month... Hard not to be bullish on AI semis.

Investor Letters

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Danaher’s robotics era

Danaher’s new CEO paired a Q3 beat and raised EPS outlook with a 2027 4%-5% organic-growth starting point, while pitching AI-enabled…

DHR $163B
Best Anchor Stocks 1 click

ORCL Update

Oracle rose about 12% intraday on October 28, 2026 as AI infrastructure and cloud-demand sentiment improved and credit-spread concerns…

ORCL $383B
Cestrian Capital Research 2 clicks

Meta Earnings, Muse and the Frontier, Musebook

Meta’s earnings hinge on whether investors back Zuckerberg’s Muse vision and the compute spending required to build it.

META $1.6T
Stratechery by Ben Thompson – On the business, strategy, and impact of technology. 1 click

Anthropic Deep Dive

Anthropic’s $80.7 billion first-half loss was mostly fair-value marks, while $16.3 billion revenue and compute economics showed a $974…

AMZN $2.6T
CV's Substack 7 clicks

My Last GFL Update - Hopefully

GFL’s take-private structure hinges on BC Partners rolling 60% of its stake to preserve debt portability under the 40% permitted-holder…

GFL $16B
310 Value’s Newsletter 5 clicks

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