Mike

Mostly tweet about investing, governance, strategy, board dynamics, & random equity research topics. DM open..

[Mike @NonGaap]

Jensen could do the funniest thing if $NVDA's board fires him...

[Mike @NonGaap]

$TTD repriced exec stock options to $12.26 on Oct 19th.

[Thomas Thornton @TommyThornton]

$TTD huge beat. +27% after hours. Glad I got back in long recently after last quarter's mess.

[Mike @NonGaap]

@breadcrumbsre Talent exodus is also a risk.

[Mike @NonGaap]

@heartof_thesea Aggressively expanding to meet the up-cycle demand of 3-4 customers is usually a terrible idea when the down-cycle comes?

[Mike @NonGaap]

Material non-public information.

[Daniel @growing_daniel]

men do not understand why or how women find them attractive

[Mike @NonGaap]

@ShotResearch Dana White prob nudged him

[Mike @NonGaap]

Zuck going back to his roots replicating successful consumer apps.

[First Squawk @FirstSquawk]

ZUCKERBERG DIRECTED META TO CREATE PREDICTION MARKETS APP - NYT

[Mike @NonGaap]

@P_Remarks @litcapital Ball knowledge☝️

[Mike @NonGaap]

@PythiaR Early 2000s was the golden age of small cap value investing

[Mike @NonGaap]

Peace through s̶t̶r̶e̶n̶g̶t̶h̶ grift. /s

Jokes aside, I'm curious who'll run this vehicle and what the incentive structure will be.

[Mike @NonGaap]

Is there any consensus on how ROI is calculated for AI token spend or are companies still figuring it out on-the-fly?

[Mike @NonGaap]

@Mr_Neutral_Man sounds like a very boomer experience

[Mike @NonGaap]

@IceburghCapital

[Mike @NonGaap]

@modestproposal1 "Over a long enough time horizon everyone sells ̶a̶d̶s̶ ̶ compute." - @modestproposal1

[Mike @NonGaap]

YOLO Trades 🤝 Texting Ex

"You asked me what I learned. I didn’t learn anything. I already knew that I wasn’t supposed to do that. I was just an emotional basket case and couldn’t help myself. So, maybe I learned not to do it again, but I already knew that." - Druckenmiller

[Mike @NonGaap]

@BuffaloBillCo

[Mike @NonGaap]

@Crussian17 happy birthday

[Mike @NonGaap]

Interestingly, SpaceX S-1 doesn't disclose Google's stake in the company despite having a Google exec on the Board and reportedly owning a 6.1% stake in 2025.

[Sawyer Merritt @SawyerMerritt]

SpaceX has just announced that they have entered into a $920 million per month agreement with Google to provide compute capacity, according to a new filing.

"On June 5, 2026, we entered into a Cloud Service Agreement with Google with respect to access to compute capacity. The customer has agreed to pay us $920 million per month from October 2026 through June 2029, with capacity ramping up through September at a reduced fee. The compute capacity provided includes approximately 110,000 NVIDIA GPUs, CPUs, memory, and other related components.

After December 31, 2026, the agreement may be terminated by either party upon 90 days' notice. The customer will retain ownership of, and intellectual property rights in, its content, Al models, and related data."

[Mike @NonGaap]

Hyper Sellers

[Zephyr @zephyr_z9]

So Meta, Google, Anthropic, SpaceX, and OpenAI will raise around $350B-$400B from the public markets in the next 9-12 months
At this rate, Amazon & Microsoft will join the party too
We might even see $550B-$600B raised from the public markets

[Mike @NonGaap]

"Meta executives have been exploring 'creative' ways to raise cash..." 👀