Greg

Equity Analyst + Macro Trader, hobby economist & humble market student.

[Greg @GS_CapSF]

Largest portfolio positions:

Private:
OpenAI
Anthropic
Databricks
LightMatter

Public top 12 positions:
$NVDA $VRT
$TSM $IFNNY
$AMD $AMAT
$MU $BESIY
$GOOGL $ASML
$AMAT $GLD

[Greg @GS_CapSF]

Largest portfolio positions:

Private:
OpenAI
Anthropic
Databricks
LightMatter

Public top 12 positions:
$NVDA $VRT
$TSM $GOOGL
$AMD $AMZN
$ASML $APH
$AMAT $GLD
$MU $MELI

[Greg @GS_CapSF]

@SenSanders Have you tried donating one of your 3 houses??

[Greg @GS_CapSF]

@NancyMace No, young families shouldn’t pay property taxes

[Greg @GS_CapSF]

@Jason Haha, it’s always an ‘edge case’ or the environment is the problem….never the tech in the car

[Greg @GS_CapSF]

@pmarca @AOC Maybe abolish food all together…lot of water use there

[Greg @GS_CapSF]

@MartinShkreli @StanphylCap Yikes, guy blocked me for pointing out his sub-par analysis on ‘normalized’ for $MU . Now I just realize that he’s been short $MU and $SOXX while I’ve been long. He’s risking 5 to make 1 while I’m risking 1 to make 5.

[Greg @GS_CapSF]

There’s so much demand for high quality paper out there, you could sell $80 Billion of Google bonds pretty easily.

With the stock up so much it’s a smart move to use equity. Dilution of ~1.7%. Alternative is raise debt and $5B in annual interest. $5B buys a lot of TPUs.

People have this stigma with raising equity but the best capital allocators in history raise equity when their stock is high, buyback stock when it’s low, and don’t over leverage the B/S.

[Greg @GS_CapSF]

@FinanceJack44 The logic is they are using a high share price to raise an incredible amount of money.

Using debt for $80 billion is $5 billion hole in interest every year.

[SemiAnalysis @SemiAnalysis_]

The recent Ornn H100 index drop to $2.63 (-7.72%) is confusing. But mostly because it's a misleading index. Our H100 hourly has been in a $2.70–$3.01 band for 146 straight days. Ornn's last month alone: $1.80 → $3.22 → $2.63.

Why? OCPI is built only from printed transactions. But H100 on-demand has been sold out across our coverage for months. No continuous spot tape exists. What's left is a thin residual of bilateral trades from a narrow contributor set. Small N gets pushed around easily.

[Greg @GS_CapSF]

@Jesse_Livermore The answer to all these questions is Gary is a clown who has been saying it’s doomed for 4 years

[Greg @GS_CapSF]

@BernieSanders The oligarchs are corrupt politicians funneling tax payer money to themselves and cronies like Bernie here. Don’t fall for this socialist rhetoric.

Here is Bernie and AOC flying private on your dime

https://t.co/DIXaI3cTVR

[aka @akafaceUS]

Here's the video catching her in the act.

[Greg @GS_CapSF]

@RealJimChanos @zerohedge Much smarter move than raising debt

[Greg @GS_CapSF]

@Jesse_Livermore Bernie is a cancer on this country

[Greg @GS_CapSF]

@FredaDuan Seems very high to me. That’s a huge premium to similar hardware.

[Greg @GS_CapSF]

Sanders and his cronies finding more ways for corrupt politicians to funnel more more through Washington to line their own pockets while demonizing the people moving this country forward.

This is also coming from a guy with multiple houses and flys private on your dime.

https://t.co/NUCxOQYNtG

[Greg @GS_CapSF]

@biancoresearch AI losers in the AI list is something new

[Greg @GS_CapSF]

@TexasOncologist @jonbking That’s because it’s suboptimal to reduce your return. Compounding an extra 300 bps over 10-30 years is a vastly different outcome.

Institutions select for strategies like these because of the sharpe and it’s also why they have unfunded liabilities.

[Greg @GS_CapSF]

@allgarbled Sector 9 is not habitable

[Greg @GS_CapSF]

@leevalueroach @mcuban If this is the case, then why is there so much alpha in large & mega-cap companies??

[Greg @GS_CapSF]

@StanphylCap That’s not how this works, lol

[Greg @GS_CapSF]

@ebitdaddy90 With ChatGPT I can compress that 3 hours down to 20-30mins