iBny

[iBny @LevBny]

@zha68587 Its what you said previously 40% short on $QQQ and $IWW up +10/15% in the last month and long $EWJ only up 2/3% have really dragged returns. I luckily sold my $ORR after a few days of underperformance, considering entering now again with a much smaller position

[iBny @LevBny]

@patrick_oshag @ptj_official

[RXBurnout @rx_burnout]

@MrtnzAlvrz ¿Que opinamos de esta barbaridad del CEO de Crescenta?

[Martinez @MrtnzAlvrz]

@Diegogarciario Aquí dejo yo las mías, está calentito hoy el tema!

[iBny @LevBny]

@SowingAlphaSeed @merz_wendy53630 Returns (in the ETF at least) have been almost fully driven by the combination of betas that you mention - what is your confidence in David’s ability to pivot and choose the right factors going forward? Have you checked how his portfolio evolved in the hedge fund over years?

[Pythia Cap: Partially Conductive @PythiaR]

If you’re not up at least 20% today you’re a pussy who wasn’t taking enough risk

[Patrick OShaughnessy @patrick_oshag]

My conversation with Dan Sundheim (@dsundheim).

He is the founder and CIO of D1 Capital Partners, which manages over $30B across public and private markets.

There's no one as passionate about investing as Dan.

We had a really wide-ranging conversation and discuss:
- Public vs. private markets in 2026
- Anthropic, OpenAI, and SpaceX
- How Dario reminds him of Jeff Bezos
- The future of hyperscalers
- The software selloff and what comes next
- GameStop and the LP dinner that followed
- China vs. US: the risk of Taiwan

Enjoy!

Timestamps:
0:00 Intro
1:05 Public vs. Private Markets
9:10 LLMs as a Business Model
23:23 The Future of Hyperscalers
27:45 AI's Impact on Traditional Software
36:31 Surviving the GameStop Short Squeeze
49:54 Big Private Bets: Rivian and SpaceX
54:26 The Art of Short Selling
1:04:28 Early Career
1:17:11 Geopolitics and the Semiconductor Collision Course
1:22:05 Traits of Great Leadership
1:23:20 The Kindest Thing

[Noah Smith 🐇🇺🇸🇺🇦🇹🇼 @Noahpinion]

Citrini Research paints a vivid picture of an AI-driven economic crash. But it's not a coherent picture -- it just weaves together memories of 2008 with fears of AI-driven job loss, and never really explains how the crisis would work.

https://t.co/4PYGcYDggd

[Martinez @MrtnzAlvrz]

Keep buying the dip on software

[tae kim @firstadopter]

Here's what's going to happen from here:

-Nvidia will report blowout numbers the next several quarters on the NVL72 product supercycle (a step function up in capability with 72 GPUs in one AI server versus 8 GPUs). It will become one of the largest cycles in technology history, akin to the iPhone versus Blackberry. The clear signs are there in the latest quarter with Nvidia posting its first accelerating revenue growth in two years and triple-digit networking segment growth.

-Google TPUs will be less than 10% of the market for the next few years as the major hyperscaler buyers don't want to support a cloud rival (outside of Meta), while Nvidia's software CUDA/developer ecosystem, TSMC allocation and performance advantages remain strong.

-Most search queries will transition to AI chatbots over the next few years.

-ChatGPT will release a much better model trained on NVL72 Blackwell clusters at Microsoft. Sentiment will shift back to ChatGPT.

-ChatGPT will add digital advertising in its consumer product. The first iteration will not be great. The second version will improve. The third version will work great.

-A significant portion of the digital ad market will move to AI chatbots and AI consumer hardware, away from search ads.

-Google will go from 95% search monopolist to a number 2 or number 3 player in the AI chatbot market, which will dramatically lower its margins over the cycle. Serving the search index was a gold mine. That era will end. Timing is difficult. It may take a while, but it will happen.

-All the talk about AGI and superintelligence is a distraction and a side show. AI adoption and AI progress will accelerate through 2026 as Gemini and Claude Opus proved scaling laws are intact.

Enterprises will unleash massive productivity gains using current technology. Cursor will be the precursor (get it?) of the future. It eliminates tedious work with autocomplete, bug fixing, leading to rapid iteration of new ideas for coding. It enables 40% more productivity.

There will be a Cursor for every vertical. Knowledge workers will become vastly more productive as AI models build upon intuitive understanding of what helps them with proprietary custom data and models.

-But don't they lose money now? Compute performance continues to improve and costs will come down. This is inevitable based on history. Today's loss-making features will become enormously profitable in due time.

Curious to hear your thoughts.

[iBny @LevBny]

@MrtnzAlvrz @QualityInvest5 And FCF 😂

[Alice Smith @TheAliceSmith]

Picture of one rugged individualist standing against the warmth of collectivism on June 5, 1989.

[Nick shirley @nickshirleyy]

Hahahaha Mrs Crockett people are literally celebrating all across Venezuela because they now can begin to live a life in freedom

Now less Americans will be dying due to drug overdoses.

POTUS job is to protect us, and if people are ODing in US streets from fentanyl and we shave to capability to do something about it, we should.

[Nick shirley @nickshirleyy]

🚨 Here is the full 42 minutes of my crew and I exposing Minnesota fraud, this might be my most important work yet. We uncovered over $110,000,000 in ONE day. Like it and share it around like wildfire! Its time to hold these corrupt politicians and fraudsters accountable

We ALL work way too hard and pay too much in taxes for this to be happening, the fraud must be stopped.

[pablo @pablogguz_]

one of the most prominent voices in spanish congress right now just said that questioning spain's pay-as-you-go pension system (which is completely unsustainable given current demographic trends) is "a fascist thing"

this guy has over 1 million followers. we are so cooked

[John_Hempton @John_Hempton]

@the_P_God I know David.

Extreme version of strong views lightly held.

He will recognise error. Turn on a dime.

I convinced him once that he was wrong about a short. (Lasertech about which a very poor short report was written).

He turned around, went large long, and coined both trades.

[Meghan Bobrowsky @MeghanBobrowsky]

There is an amazing legal saga playing out right now between JP Morgan Chase and Charlie Javice. Charlie’s legal team sent JP Morgan $74 million in bills including for $530 worth of gummy bears and $347 for three charcuterie boards for an “afternoon snack”

Full list below:

[Elon Musk @elonmusk]

The European Commission offered 𝕏 an illegal secret deal: if we quietly censored speech without telling anyone, they would not fine us.

The other platforms accepted that deal.

𝕏 did not.

[Carlos H. Quero @CarlosHQuero]

La tranquilidad de la ciudadanía: unas regulaciones de los alquileres que han liquidado la mitad de la oferta disponible en 5 años, una producción pírrica de vivienda tanto libre como pública, la tercera fiscalidad más alta de la OCDE sobre la vivienda y a la cola en inversión residencial, más denuncias por okupación cada año que viviendas protegidas entregadas, dificultades para acceder a financiación.

Y mientras tanto 3 millones más de demandantes de vivienda en solo 5 años. Más todos los españoles forzados a un exilio interior porque decidistéis acabar con las oportunidades laborales (industria, campo, servicios) en media España y concentrar a toda la peña en 4 sitios donde se genera un cuello de botella de competición en materia de vivienda.

El resultado: alquileres por las nubes, récord de jóvenes que no se emancipan, los que lo hacen van rumbo al piso colmena y a la habitación compartida, hacinamiento, zulos a precio de mansión, castings inmobiliarios, mínimo de propietarios menores de 35 o de rentas bajas, fondos y extranjeros comprando a tocateja lo que los nuestros no pueden adquirir a plazos, ciudades que parecen un parque temático, barrios irreconocibles e invadidos...

Y las consecuencias de eso: familias rotas, una generación con la casa a cuestas, alquileres intermitentes, niños que van dando tumbos y otros que nunca se llegan a tener, falta de autonomía o de privacidad, fin a la estabilidad residencial, angustia, incertidumbre y agobio existencial para millones, estrecheces, imposibilidad de ahorrar...

Pero tenemos unas presentaciones chulísimas ❤️

[iBny @LevBny]

@alexmadariaga09 Lamentable. Buen estafador. A ver a cuantos consigue engañar…