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Wednesday, November 4, 2026

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@gnoble79 24 clicks

George Noble on X

This is not what you want to see if you are a $CRWV bull. $CRWV remains one of our biggest shorts. We are short from $107. Only a takeunder from $NVDA will prevent bankruptcy. Subscribe to the Noble Update to receive our best ideas. 67% YTD performance based on a diversified book of longs AND shorts. We have unrivaled performance. We have decades of experience. We are battled tested and have been through numerous market cycles. We have a process. While others chase narratives and charts, we focus on valuation and fundamentals. KNOW WHAT YOU OWN. YOUR ATTENTION TO THIS MATTER IS GREATLY APPRECIATED.
@convequity 1 click

Convequity on X

A company gets an API key from a model provider (OpenAI, Anthropic, Google) and links it in OpenCode Console. OpenCode, the coding agent, uses that key to run models at the provider, billed to the company. It is a bearer credential: anyone with a copy can spend on the account. OpenCode disclosed unauthorized access to a legacy system being decommissioned. Keys for about 1.4% of Console users who linked external providers may have been exposed. OpenCode calls it a distillation attack. Users report charges for runs they never made. Provider terms generally make the key owner responsible, so the bill can land on the customer. A copied key works at the provider until revoked. OpenCode already runs on Cloudflare Workers, and Console is a gateway with budgets. Direct calls with a stolen key bypass Console and its budgets. Whether that legacy host ran on Cloudflare is undisclosed. In our view, customers need a control layer they own that keeps the raw provider key away from the agent and its vendor: a vault-held key, or Cloudflare ($NET) AI Gateway prepaid billing with no customer provider key, plus scoped keys, spend caps, per-user limits, alerts and full logs. F5 ($FFIV), Kong and LiteLLM offer related controls. We cannot say these would have stopped this breach. They can limit blast radius, spend and detection time: metrics we think a CFO will ask for before the next rollout.

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New Ideas From The Road

Aurelion Research increased healthcare exposure and sees opportunities in banking and defense, alongside research on Alcoa, Nike, ONON and…

AA $10BNKE $60B
Aurelion Research 4 clicks

Oracle: The Party Is Almost Over

Oracle’s CDS spreads exceed 320 basis points as debt approaches $135 billion and fiscal 2027 capex targets $95 billion, amid heavy reliance…

ORCL $363B
David Desjardins 1 click

Site Centers (NYSE:SITC)

Site Centers' $3 per-share return-of-capital distribution and December delisting leave a discounted liquidation stub, with two properties…

CURB $3.6B
Real Assets, Real Value 5 clicks

Coupang: 3Q26 Business Recap

Coupang’s product-commerce growth rose 9% as data-leak effects fade, while management expects margins to return to pre-incident levels by…

CPNG $27B
Speedwell Memos 3 clicks

update on Gartner

Gartner’s growth has stalled after federal contract losses and cautious commercial spending, raising questions about its competitive…

IT $13B
scuttleblurb 1 click

Recycle Bin

Used aircraft engines can be repurposed as gas turbines, easing data center power constraints while tightening aviation supply.

EQT $33BRRC $12B
Doomberg 8 clicks
AMRZ · long

Amrize

Amrize (AMRZ) produces aggregates, cement and roofing materials across the US and Canada.

AMRZ $22B
Value Investors Club 3 clicks

TWLO Q3 FY12/26 Earnings Review

Twilio's Q3 revenue rose 20% to $1.56 billion, but Q4 organic growth guidance fell to 11% to 12% and RPO declined 28%.

TWLO $33B
Cestrian Capital Research 3 clicks

Stevanato down 30%. Yikes.

Stevanato fell 30% after forecasting low-single-digit 2027 growth as lower Nexa syringe volumes from a GLP-1 customer offset solid Q3…

STVN $3.6B
Best Anchor Stocks 3 clicks

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