_Wayne Liang

Asymmetric trader. Use my Indicators:

[Wayne Liang @wliang]

Yes, I know something...

$WYFI Paris revenue goes live this month, which can happen at any moment now.

($160M+ contract, investment-grade customer, $NVDA GPUs, 12 months prepaid)

And a few other potential catalysts…

> $BTBT facility can step from $100M to $150M as buildout milestones hit

> Tabar hinted at doubling the NC-1 deployment toward 80MW, doubling its size from 40MW

> Nscale (NC-1 anchor tenant) just closed $900M in bank financing. De-risking the original contract makes the 80MW expansion very likely to happen

Definitely not missing this wave up.

[Wayne Liang @wliang]

Full transparency, I’m holding 86,000 shares of $WYFI at ~$34.5 average.

Actively looking to add on pullbacks to hover near ~100,000 shares.

IMO retail is starting to realize what $META did…

$NBIS should not have sold off like that.

$WULF / Anthropic validated the entire neocloud thesis and it doesn’t seem like the market has properly priced it in.

There’s a reason institutions swooped in and picked up shares instantly after the selloff began.

As usual, I will add/sell as I see fit.

[Wayne Liang @wliang]

The neocloud bet is simple.

You're not picking which AI company wins. You're supplying all of them.

$CRWV already powers 9 of the top 10 AI developers. OpenAI, $META, Anthropic, and more, all renting from the same neoclouds.

So it doesn't matter who comes out on top in AI. The compute demand flows to the same handful of infrastructure providers regardless.

Doesn't matter if you're team $NBIS, team $IREN, or team $WYFI (the most asymmetric neocloud play at the moment imo). Hard to go wrong here.

We're essentially positioned underneath these models. The tollbooth every model has to drive through.

[Wayne Liang @wliang]

Seems like this is playing out.

I hope you didn’t sell off your neocloud names. But if you did, it’s okay.

We’re still much lower than pre-dump levels.

Not too late to start positioning properly for the rally.

[Wayne Liang @wliang]

$META is spending $9B on a new data center.

So much for "excess compute."

Conveniently, institutions swooped in and bought at lows when everything took a hit...

[Freedom By 40 @Freedom_By_40]

So imo $WYFI is going to be a $200+ stock.

The impulse off the lows is extremely good from a structural standpoint.

This would be the most bullish option (1-2, 1-2).

I will put the other very bullish option in the comments.

[Wayne Liang @wliang]

IMO the market has already priced in the war, in either direction.

Ceasefire breaks, official peace deal gets signed or not... it barely matters at this point.

The bottom is near. We're all ready for the rally.

[Wayne Liang @wliang]

$WYFI anchor just got a lot stronger, and it seems like the market hasn't caught wind of it yet?

Nscale just closed a $900M credit facility (confirmed a few hours ago) syndicated across a dozen banks... JPM, Goldman, Morgan Stanley, BofA, Deutsche, and more.

WhiteFiber's biggest customer...

> Just locked in investment-grade bank financing
> De-risked the entire NC-1 contract
> Is now valued at ~$15B, backed by $NVDA, $DELL, $NOK

Could likely see a deal expansion with $WYFI here.

Will be fun watching the market catch up when the dots start to connect.

[Wayne Liang @wliang]

Added $WYFI here, IMO this is near the bottom for neocloud.

This illogical selloff has given us the perfect pullback, and another opportunity to enter before the next leg up.

(For TA traders: wave 2 seems complete, now we're starting wave 3… the most aggressive move)

Despite short-term macro volatility, $WULF’s new deal with Anthropic further validates the neocloud thesis.

(Nice to see $PENG crush earnings as well)

Fits right into the timeline we already had in mind... rally until September-ish. 🫡

[Wayne Liang @wliang]

The bottom is near. Plant your seeds, Jim Cramer has given us the signal. I am not joking.

[Wayne Liang @wliang]

Oddly enough, I prefer war tensions to rise amidst a tech selloff, rather than having the events staggered... ripping the bandaid off as opposed to a prolonged bleed.

[Wayne Liang @wliang]

AI infra/neocloud selloff summarized:

> Bloomberg floated the idea of $META selling excess compute

> Retail sells off neocloud & AI infra

(Names like $NBIS, $IREN, $CIFR, $WULF, and many others take a huge hit)

> Institutions start buying tech & AI stocks at the fastest pace since last October

(Most definitely because they realize $META has absolutely zero excess compute)

> $META & Bloomberg does damage control and starts to change their narrative

IMO, in the coming days:

> We start to bottom out

> Institutions got in at lows

> And retail regrets selling

[Wayne Liang @wliang]

KOSPI doing KOSPI things.

People are calling the KOSPI selloff a rotation. What exactly are they rotating into lol

Foreigners have sold Korean stocks for 13 sessions straight, almost all of it has been Samsung and SK Hynix.

But half of that isn't rotating into anything. They're sitting on cash.

Curious if it eventually rotates from Korea into the U.S market, or somewhere else entirely.

Either way, when that money starts moving again, it'll be aggressive.

Question is, what sector?

My guess is it goes right back into AI, when they realize this "bubble" is far from popping.

[Wayne Liang @wliang]

My X timeline is filled with people complaining about how tiring this market is. While it may be true, it's a good sign. This is usually when the market starts to flip. Enjoy rock bottom while it lasts.

[Wayne Liang @wliang]

Very happy to see Mag 7 start to flip green one by one!

When $AAPL, $GOOGL, $META, $MSFT, and more start to rise, everything downstream tends to follow.

Good sign for the broader market.

This selloff has been absurd. Fundamentals never changed. Market will realize soon.

[Wayne Liang @wliang]

I can't believe there's still fear and bad sentiment on $NBIS.

~$50B in backlog. $27B from $META, ~$19B from $MSFT, $2B from $NVDA. Profitable since Q1, and almost $10B in cash...

And they just joined the Nasdaq-100.

Now it's ~30% off its highs because Bloomberg floated a rumor that $META might sell excess capacity someday.

Do people not know that $META is contractually locked in through 2031, and $NBIS already structured the deal to sell spare capacity to other clients first?

[Wayne Liang @wliang]

Samsung reported the highest quarterly operating profit any tech company has ever seen...

Passed both $NVDA and $AAPL.

> 89.4T won operating profit (~$58B), +1810% YoY
> Revenue 171T won
> DRAM prices +44%, NAND +53% in Q2

As expected if you tracked $MU.

HBM is sold out through 2027, DRAM and NAND ripping on supply shortage, and every memory layer is getting pulled up by AI demand simultaneously.

And the stock dropped ~7%. Classic sell-the-news event. We've seen this with $SNDK and $AMD. Short-lived volatility into a rally.

IMO the memory supercycle isn't slowing down. Just needed a little breathing room.

[Wayne Liang @wliang]

If you missed the last runner, don't worry.

There'll be another one.

Just make sure you're not watching on the sidelines again.

[Wayne Liang @wliang]

$WULF could've just catalyzed a multi-week neocloud rally for us. First BD has appeared on the 4H TF.

I'll be shopping neocloud names all week, will share them soon. Let's start the rally!

[Wayne Liang @wliang]

$WULF just signed a 20 year deal with Anthropic.

Wasn’t joking when I said neocloud was being oversold last week…

And definitely not joking about the incoming rally.