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Waves
Joined August 2020
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Some views Going to pin to 2027 1. Gas prices in US will be under $2.75 . Perhaps $2.25 2. ChatGPT or equivalent will be as important to businesses as “google” 3. Average US citizen will be using a stablecoin - whether they know it or not
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$AMZN CEO says the company still expects about $220B in cash CapEx for 2026, with spending expected to increase "meaningfully more" in 2027. "Customers are consuming new capacity almost as quickly as Amazon installs it."
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I am excited to be an investor in trade(xyz) as they partner with ICE to bring 24/7 perpetual futures on Hyperliquid to the United States. As a market participant, I am looking forward to to using their innovative product to enhance my investment process.
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$GLXY great thread. Pay attention to each component @m0xt_ laid out and just ask yourself "do you think it makes more money today or in 2029/2031/2033" Do your own math 🏭
Galaxy posted $0.83 adjusted EPS vs. a $0.22 consensus. Nearly 4x. Nice headline. But it's not why I bought more yesterday after the call. Look at the slide: $569M of adjusted gross profit, $323M of net income, $455M of adjusted EBITDA. Big numbers, but most of it came from one place, the investment portfolio. It alone made $395M of that EBITDA. Galaxy is really three companies under one ticker: a crypto financial firm, a data center developer, and that investment book. Strip out the investment portfolio and the two operating businesses made $60M of adjusted EBITDA, up from about $1M in Q2. Their adjusted gross profit hit $150M, up from $86M. That’s the part I care about most. It’s less exposed to price volatility and market cycles. But let me actually share my comments on everything they just shared.
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Palmer Luckey says analysts claiming it's too expensive to manufacture in the US are lying to protect megacorps "I think I have a more realistic view than almost anybody. One of the problems with all these analysts that are telling you that it's going to cost $37,000 to build an American iPhone or $100,000 to buy an American computer." "They're trying to prop up a status quo that the megacorporations want to keep going. They want to outsource everything. They want to hire cheaper non-American labor." "They are willing to say and do anything to convince you that it can't be fixed, that it can't come back, that America is this helpless, neutered, post-relevant empire, and it is just not the case." "How do I know that? Because I have to make stuff in America every day because I work in the defense industry. The stuff that Anduril makes every day is not actually that different from a computer. My drones are basically computers. They have memory, a GPU, a CPU, sensors, batteries, a rugged integration." "The only difference between an Anduril attack drone and a laptop is a keyboard and a screen. That is not that hard to figure out, especially for a guy like me who started Oculus and comes from the consumer electronics space." "We're not going to let people lie about what America can and can't do anymore. We're just going to do it."
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how many demand signals do you need Anon $SIVE
$MRVL is in advanced talks to acquire $LITE which would combine Marvell's optical DSPs with Lumentum's lasers and transceivers. That could turn Marvell into a much more complete optical networking supplier while allowing it to capture more revenue from every AI data center connection.
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Lidl keeps costs down - with translucent toiler paper #DirtyFingers
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shows the average age of the "complainer"
Someone made a site that tracks what people are talking about at public city council meetings across the US. The only thing discussed more than data centers? Pickleball courts.
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June 6, 1944. An American paratrooper jumps into Normandy in the dark and lands on the roof of a church. By the end of the war he had been declared dead, held a funeral he didn't attend, escaped the Nazis, and fought his way toward Berlin in a Soviet tank unit. His name was Joseph Beyrle. He's believed to be the only American soldier to serve in both the US Army and the Red Army during World War Two. Beyrle was from Muskegon, Michigan. He joined the 101st Airborne, the Screaming Eagles. His buddies called him Jumpin' Joe. On D-Day night his plane was hit by flak and he jumped early. He came down on a church roof, slid off, and lost his unit in the chaos. For a few days he fought on his own, blowing up a power station and cutting German communications. Then he was captured. Here's where it gets strange. A German soldier ended up wearing Beyrle's uniform and dog tags. That German was killed. When the body was found, the Americans identified it as Joseph Beyrle. The army told his parents their son was dead. His hometown held a funeral mass for him. His obituary ran in the local paper. Meanwhile, he was very much alive, being moved from one German prison camp to another. He escaped more than once. One time he and two other prisoners jumped off a train heading east. They thought they were heading for Russia and freedom. They got lost and ended up in Berlin, where they were caught by the Gestapo, beaten, and tortured. In January 1945, from a camp in eastern Germany, he finally made a clean escape. He went east, toward the gunfire. Toward the Soviets. When he found a Soviet tank unit, he walked out with his hands up, holding a pack of Lucky Strike cigarettes, and shouted the only Russian he knew. American comrade. It worked. He asked to join them. And they said yes. For about a month, an American paratrooper rode with Soviet tank crews as they pushed toward Germany. He used his demolition training. He fought. He was reportedly welcomed by a Soviet officer who was one of the rare women commanding a tank battalion. Then a German dive bomber attacked. Beyrle was badly wounded. He was evacuated to a Soviet hospital. Soviet Marshal Georgy Zhukov reportedly visited, heard his story, and gave him papers to get to the American embassy in Moscow. When he showed up, the embassy didn't believe him. As far as the US was concerned, Joseph Beyrle was dead. They held him under guard until his fingerprints proved who he was. He made it home to Michigan in April 1945. In 1946 he got married. In the same church where they'd held his funeral. Decades later, in 1994, he was honored at the White House by President Bill Clinton and Russian President Boris Yeltsin for serving both countries. And the last twist. His son, Joseph Beyrle II, grew up to become the United States Ambassador to Russia.
Readers added context they thought people might want to know
Joseph Robert “Joe” Beyrle had two sons. The elder son, Joe Beyrle II, served during the Vietnam War, but wasn’t a US Ambassador. That was the other son, John Beyrle. en.wikipedia.org/wiki/Joseph_Be…
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How is the internet less private than in 2006, when the whole family shared one computer? Back then, the internet was weird, personal, and all of ours. So, we got your favorite meme legends back together to say it louder: What happened to the internet? 1/3
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The most mind blowing stat we've seen so far is this: "As of June 30, 2026, we had raised an aggregate of $141.1 billion of capital and had cash and cash equivalents of $112.4 billion and short-term investments of $19.3 billion." That means to date, they have burned 9.7b, they are growing at a rapid pace, and are profitable on an operating income basis as of the June quarter! This is likely the most efficient scaling of a business in the history of capitalism. nitter.cf/AnthropicAI/status/211…
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Helios approved (will be more) at 1.6GW is worth EV around 15 billion.... to any buyer... at any time $GLXY Marketcap is 5B
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Andy Jassy: "There's only so much data center and power today. There's only so much memory. And I don't think that that shortage ends in 2027. I believe one of the reasons when we're coming back to the capital investment, why I think we can invest a lot more and wouldn't be a bad use of capital is that '26 is obviously, at this point, sold out. '27 is largely sold out. We always leave a certain amount for on-demand in our inference service, Bedrock or EC2, but largely sold out, all the big chunks. A good chunk of '28 is sold out." Amazon reports Thursday, and the constraint is strictly about supply, not demand. Jassy claims it runs through 2028. The question is whether AWS growth holds up while the capacity is sold out. $AMZN Amazon CEO Andy Jassy on the $220 Billion AI Buildout, a16z, October 23, 2026
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The Weathermen @Kalshi
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We are in a “stealth” bear market. For the first time in history, nearly 60% of the S&P 500’s components are in a bear market, while the index trades 3% away from a record high. We think this is a historic opportunity. @TKL_Adam joins @cvpayne on Fox Business to discuss our view.
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When colleagues ask questions at 1:59pm during 1-2pm meeting
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"Demand is really high, they just need working capital." Nvidia CEO Jensen Huang tells @TomMackenzieTV that neoclouds are a "good investment" bloom.bg/4iawox7
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Lyn Alden: "I keep fading the equity bears..." "When we're running at 7% of GDP deficits as far as the eye can see, being bearish on stocks basically means you're bullish on fiat." "You're saying, what? Stocks are going to go down vs. the dollar?" Since COVID, Lyn says the winners have been hard assets: Gold, $BTC, high quality stocks and the best real estate with fixed-rate debt. Bonds, meanwhile, have had one of their worst five or six year stretches in our parents' and grandparents' lifetimes. Her case rests on deficits, and those won't shrink because tech had a bad week. She files bitcoin next to gold and quality stocks as an asset that holds up while governments keep spending. Are you fading the doomers or hedging for them? FT @LynAldenContact @maggielake @wealthion
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