- Client Update, September 2026: Paying Attention GDS Investments argues that rising Treasury yields and Canada’s trade response signal a costly erosion of US fiscal and diplomatic credibility. It retains a valuation-conscious approach to AI, citing Airbnb’s operating leverage while warning on infrastructure spending, and views Rivian’s simpler R2 design and production plans as encouraging but execution-dependent. September 2026 ABNB $99BRIVN $20B
One letter so far. We collect each new one as GDS Investments publishes it.
