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Tuesday, November 10, 2026

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SpaceX’s $24 billion Starbase power plant, Microsoft’s Oracle capacity cuts, Riot’s $72 billion AI lease and Quanta’s sell-off frame data-center power demand.

PWR $77BRIOT $5.8B
Monte Independent Investment Research

From X

@DOMOCAPITAL

DOMO Capital Management, LLC on X

$PESI results showing great stabilization with the key line being: "Results were held back by customer-directed changes in treatment protocols on a Hanford-related waste stream, which required performance testing and final approvals that were not provided until late August. Processing did not reach full operations until September, pushing revenue out of the quarter." Despite this - EBITDA improved from -$6M in Q2 to -$3M in Q3. Most importantly - backlogs rose 25% quarter over quarter and Services gross margin nearly doubled. I would expect management to provide color on the call that Q4 could potentially be break-even which I think will be a seminal moment for the company (and the shares). With the Hanford progress (and with the elections being over), the odds of grouting at East beginning sooner vs later have skyrocketed. I think it's likely just up from here in regards to the share price. Wouldn't be surprised to see this back over $20 soon. It's a long-term hold for DOMO Capital as this should be a $100+ stock once Hanford fully ramps.
@StableBread

Fajasy on X

The companies spending the most on AI are paying for more of it with debt. To understand whether debt-funded spending like this is indicative of a bubble, we can look at William Quinn and John Turner’s bubble triangle, which says a bubble needs three sides: marketability (how easily an asset trades), money and credit, and speculation. The AI boom arguably has all three sides: → Marketability: Index funds held 52% of U.S. long-term fund assets at the end of 2025, up from 19% in 2010, and they buy each stock in proportion to its size, so the biggest AI stocks get the most of every new dollar. → Money and credit: $MSFT, $GOOGL, $AMZN and $META are on track to spend more than $730B on capex in 2026, up from $410B in 2025, and their Q3 reports didn’t change that. $AMZN still expects ~$220B, and $META narrowed its range to $135-145B. Investors are borrowing more too, with margin debt at $1.48T in September, just below June’s record $1.50T. → Speculation: AI startups raised 82.7% of the money U.S. venture capital firms invested in 2026 through September, a record share, up from 65.4% in 2025. So more of the private money is betting on a single theme. $META’s also raising money by selling stock. Its October 27 pricing term sheet shows it sold 40M shares at $625 through forward sale agreements, plus $12.5B of mandatory convertible preferred stock, which together bring in $37.4B of net proceeds once the forward sales settle by November 2027.

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Seed Corn

Chiron’s failed $49 million Beaumont sale and $178 million Pinnacle acquisition leave XRN with $70 million of liquidity and medical-office…

XRN $372M
Orphan REITs 2 clicks

STRL: 80 new electricians a week

Sterling’s $4.1 billion backlog faces Texas permitting risk after a governor proposed a moratorium, while Connexion, Capital Asset Planning…

STRL $7.6B
Trade Ideas Flow 1 click

Roblox: Capture This Moment

Roblox’s Q3 FY26 DAUs fell year over year for the first time, while bookings declined 12% to $1.7 billion.

RBLX $35B
TSOH Investment Research 1 click
AVO · long

Mission Produce INC

Mission Produce (AVO) is pitched long as a consumer-staples investment, countering a September 2024 short case.

AVO $1B
Value Investors Club

DoorDash and Google

DoorDash and Google.

DASH $79B
Stratechery by Ben Thompson – On the business, strategy, and impact of technology. 4 clicks

Diamond Estates: Research Note

Diamond Estates converts $4.7 million of Lassonde debentures at a 69% premium, cutting debt to $10.9 million and raising Lassonde ownership…

LSDAF $1.2B
Atrium Research - Equity Research 3 clicks

Vicor Update, Part Four

Vicor’s Federal Circuit hearing put Foxconn’s disputed patent license under pressure, reinforcing its AI server royalty model and licensing…

VICR $6.8B
CV's Substack 3 clicks

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