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Cheers to a happy & healthy 2026! Below are all timestamped Long/Short ideas for 2025 and vs respective benchmarks. Appreciate everyone's support.
Our average return per idea (active & closed ideas) is 16%. 76% hit rate. Short ideas accounted for 41% of all ideas.
For tech research subscription, see below. We're adding a new product in 2026, geared for traders. Stay tuned.
insights.hedgeye.com/global-…
$NVDA $CRWV $NBIS $SE $BABA $TCEHY $AAPL $POET $ONTO 5930.KR $MU $DIDIY $SITM $MNSO $WYFI $MPNGY $XIACY $VRT $VRNS $PDD $AMAT
Yep. We flipped Kioxia from Long to Short two weeks ago. They put up a HUGE miss this morning, even missed us and we were below the Street. Worried about memory yet? $KXIAY $285at
Yesterday, we removed another of our AI beneficiaries - $AMAT. $AMAT had soared 40% since we went bullish back in February. We continue to de-risk on AI and now, WFE.
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$INTC down 20% on ugly guidance miss. Good thing we de-risked again on an AI name today
Lots of warning signs on memory. One of our memory shorts reported last night - didn’t show sequential growth in 6 quarters
Our Azure $MSFT, OpenAI & hyperscaler data continue to be on track. Azure (standalone, under new definition from MSFT) printed 48% YoY growth for Sept Q - exactly as we modeled, and 4% points above consensus of 44%. We think the buyside bar was ~47% for Sept Q. December quarter growth guidance for Azure was 49%-50% (CC) vs HE: 47% (consensus: 45%, buyside bar: ~47%). This is despite some delays on GPUaaS contracts to F2H 2027.
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$AAPL 's New Touchscreen MacBook Pro now costs up to a whopping $14,549. What would you buy?
5%Touchscreen MacBook Pro
13%Hermes bag
41%mid-sized , used SUV
41%new/renovated home office
132 votes • Final results Felix Wang, CFA retweeted
@HedgeyeTech i the best global tech analyst IMHO - best trackrecord
Tomorrow at 7 AM ET: Is AI’s funding at risk?
@Hedgeye’s Felix Wang (@HedgeyeTech) joins me on The Common Sense Bull to discuss credit warning signs and why he likes $MRVL and $SITM.
Subscribe now so you don’t miss it: youtube.com/@KeyAdvisors
Felix Wang, CFA retweeted
Tomorrow at 7 AM ET: Is AI’s funding at risk?
@Hedgeye’s Felix Wang (@HedgeyeTech) joins me on The Common Sense Bull to discuss credit warning signs and why he likes $MRVL and $SITM.
Subscribe now so you don’t miss it: youtube.com/@KeyAdvisors
Felix Wang, CFA retweeted
Token prices are down -90% in six months. 1% of enterprises account for 85% of OpenAI and Anthropic spend. Hedgeye Global Technology Analyst Felix Wang joins $HEFT Portfolio Manager R. Patrick Kent @RPKInvestor to discuss the AI trade’s financing problem.
0:00 Welcome @HedgeyeTech, Credit Spreads Widening and Small Caps Down 10%
2:50 Hyperscale CapEx Is the Key Indicator for AI Direction
4:04 Token Volumes Up 30 to 40% Month Over Month, Token Prices Down 90% in Six Months
6:31 1% of Enterprises Account for 80 to 85% of OpenAI and Anthropic Spend
9:31 Over 1,000 Models and Dario’s Pacing Argument Is Imagination
12:31 Freeze the Models Today, 99% of Productivity Gains Still Come From Implementation
15:48 No More Large-Scale AI IPOs This Year, Anthropic Will Need a 30 to 50% Cut
18:43 ARR Became Annualized Run Rate, and Overall Spend Is Slowing
24:11 The Memory Bear Case, Get Around the Memory Wall Instead of Solving It
29:37 China Is 30% of Memory Demand, CXMT and YMTC at Parity With the Cartel
33:32 Nvidia’s Rubin Timeline Is Slipping One to Two Quarters
37:34 Jensen Named Working Capital as the Problem, and the Market Sold Off
40:41 NeoClouds Don’t Turn Profitable Until Late 2028, If the Contracts Hold
Felix Wang, CFA retweeted
抛开公摊面积暂不谈，自己把自己顶裂了可还行😓😓
不过早前Tim @mediastorm_en 4000 万播放量的测评，也劝退不少人
🍎苹果回复iPhone Duo 上市后出现的屏幕碎裂问题
苹果已承认“少量设备”存在内屏问题，建议联系 AppleCare 换机。但没解释具体原因，也没说后续会不会大面积处理。
发售不到一周时间，已经有部分用户反馈，iPhone Duo 开箱后不久（有的甚至在设置过程中或打开不到 20 次），内屏就会在铰链位置出现裂痕，并伴随一条或几条亮线（通常从中间延伸到右侧）。
⚠️iFixit 拆解后给出几个推测，核心都指向铰链结构，简单来说就是折叠时内部零件没有完美让开，把软屏顶裂了。
更有爆料💥界面新闻从郑州富士康员工处得到回应，称故障原因与 iFixit 的分析大致接近。
该员工还提到：在产能吃紧的情况下，苹果此前曾降低过一定良率质检标准以保证供应，这可能导致问题机流入市场的概率上升。目前产线已紧急更换一批物料，实际生产暂未受影响。
One of the best Short ideas ever @HedgeyeIndstrls
"I think a lot of these will end up going bankrupt."
Hedgeye Industrials analyst Jay Van Sciver @HedgeyeIndstrls on Nikola, $NKLA, and Lucid, $LCID in 2022.
Nikola filed for bankruptcy in 2025.
Lucid is down -99.3% from its peak.
On 10/23, Hedgeye CEO @KeithMcCullough shorted $LCID in Real-Time Alerts for a +3.4% gain.
"You're either chasing their BS or you're hedging it."
Get access to Real-Time Alerts for intraday Buy & Sell signals: accounts.hedgeye.com/product…
A client made a great point comparing similarities btw Ant Group and the new $ANT (Anthropic) - both companies producing new tech, same market peak vibes, same regulatory scrutiny. We did a two-part deep dive on Ant Group back in 2020. All for naught, as the last Ant didn't IPO and remain stuck - will this one go through?