Letters by company
Sun Microsystems
2 letters discussing SUNW. Everything written about it on this site is on its ticker page.
- Elm Ridge Management Who Gives A Crap Elm Ridge argues that AI infrastructure spending rests on circular financing, aggressive capital expenditure and uncertain end-market returns, drawing parallels with the telecom bubble. The firm favors cheaper, less AI-exposed stocks and cites AerCap, ArcBest, Citigroup and ArcelorMittal as examples of holdings whose valuation multiples can rerate. September 2026 AMZN $2.9TCSCO $397BDELL $238B
- SaltLight Capital 2Q 2026 Co-Investor Letter - Is It "Good Enough?" SaltLight Capital argues that AI competition could erode NVIDIA's CUDA and infrastructure economics as open-weight models, alternative chips and algorithmic efficiency improve. The portfolio has become more cautious, revisits hyperscalers after prior profit-taking, and adds Constellation Software for its mission-critical vertical software franchises. 2Q 2026 CNSWF $52BMSFT $3.9TNVDA $4.2T
