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Wednesday, November 11, 2026

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ON THE TAPE with Guy Adami

Guy Adami discusses Nvidia, Anthropic's IPO prospects, energy, gold and the AI trade.

NVDA $4.2T
WHAT ARE WE DOING? “Contrarians At The Gate” 3 clicks

From X

@StableBread

Fajasy on X

I checked Root’s $ROOT Q3 against the base and bear cases from my August update, after the car insurer fell 24.1% in two days. $ROOT bought back 290,694 shares in Q3 at an average of $53.15/share ($15.5M), leaving $38.8M on the authorization, ~6% of today’s market cap. At $43.37/share, the market cap is $659M on 15.2M shares, or 2.0x the $327.0M book value as of September 30. Net of the $261.6M held outside the insurance subsidiaries, you’re paying $397M for the insurance operations, or 3.9x nine-month net income annualized (Q4 is the seasonally weak quarter). In August, my base case was $55-80/share (2.5-3.5x book on an 18-22% ROE), and my bear case $35-45 (1.5-2.0x book, with ROE compressing to 12-15%). Q3’s annualized ROE was ~18%, the bottom of the base case, while the stock now trades at the top of the bear case’s multiple.
@SouthernValue95

SouthernValue on X

Fascinating - $GOOG TPU has the best architecture for AI compute, and “there aren’t enough TPUs,” $AVGO $ANT “Today I would argue that probably the best architecture is the Google TPU architecture, because it is literally thought of as a single system. And I think an NVIDIA-style architecture is migrating in the direction of where the TPU architecture is, but it still has a few pieces that you can kind of swap out. And then you have everybody else — like, you know, I'm going to take a Cerebras chip and throw an Arista switch on top of it, and all that good stuff. At least in today's world, those systems have inefficiencies because they're not constructed as a system — they're more of a patchwork. I think the industry will evolve, but today, people that can think of the whole thing as a single system and optimize the architecture through that have a competitive advantage. If you look at how Google does this, with these toroidal pass-through optical MEMS switches — it's literally like the whole data center is the minimum unit. But my sense is that's where NVIDIA wants to go also. Actually, the two dominant providers are all going to that systems approach, versus — I mean, even the smaller startups are heading that direction. Right now Jensen's king of the hill, incredibly dominant, right? Google TPU very successful, currently mostly sold by Google — it's expected to change. But not enough TPUs.”

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DoorDash’s FBA Moment

DoorDash’s $17 billion Instacart deal targets DashMart warehouse scale, where 99%+ order accuracy and faster delivery address the limits of…

DASH $79BKR $41B
MBI Deep Dives 1 click
GLIBA · long

Liberty Capital CORP

Liberty Capital Corp, GLIBA, is pitched long following its July 2025 spinoff from Liberty Broadband.

GLIBA $1.1B
Value Investors Club 2 clicks

Synopsys q3’26 Earnings Update

Synopsys reported 8% EDA and 11% Design IP growth in Q3 2026, with Multiphysics Fusion expected to add revenue from fiscal 2027.

SNPS $86B
Monte Independent Investment Research

💥Out of their depth💥

Leslie’s Q3 sales fell 8%, adjusted EBITDA dropped 32%, and withdrawn guidance left its 2028 term loan trading at 20 cents on the dollar.

LESLQ $0.7M
PETITION 1 click

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