QuantPM

Macro Portfolio Manager

[QuantPM @PmQuant]

For once I agree with good old Ray.

[Ray Dalio @RayDalio]

https://t.co/WTy8hynCmb

[QuantPM @PmQuant]

risk-unadjusted returns.

[Liz Ann Sonders @LizAnnSonders]

The most elite undergraduate institution attended by Fortune 500 CEOs is … the University of Figure it Out (UFO)
@StrategasRP

[QuantPM @PmQuant]

And while $MU is ok from a multiple perspective, at some point the memory shortage will end and margins/revenue will come down. Multiple here is misleading. It’s not that different from any commodity shortage (LTAs and other “this time is different” reasons notwithstanding).

[QuantPM @PmQuant]

Semiconductors are in a bubble. While one could argue that $NVDA, $TSMC and even $MU are reasonably valued most other names in $SMH are not. In fact many are trading at unsustainable multiples. I don’t know how and when this ends but has to come back to earth at some point.

[QuantPM @PmQuant]

@WOLF_Financial What he means is nobody pays me better than $META. Zuck is using his cashcow to make everybody rich and maybe this will bear fruit in the future but who knows.

[QuantPM @PmQuant]

Semiconductors are in a bubble. While one could argue that $NVDA, $TSMC and even $MU are reasonably valued most other names in $SMH are not. In fact many are trading at unsustainable multiples. I don’t know how and when this ends but has to come back to earth at some point.

[QuantPM @PmQuant]

@TMTLongShort And 15-18% of Anthropic which will IPO probably at least a trillion.

[QuantPM @PmQuant]

@TMTLongShort Retarted take tbh… google can access debt markets no problem. And even private credit fortunes are improving with the bid in SaaS in the last several days.

[QuantPM @PmQuant]

@jukan05 This management style is precisely why leading edge foundries relocated to Asia and are unlikely to come back. US management sounds like a baby sitter
by comparison.

[QuantPM @PmQuant]

@KoyfinCharts I don’t consider UK part of Europe :)

[QuantPM @PmQuant]

One European company (asml)…

[Koyfin @KoyfinCharts]

The 45 largest publicly traded companies in the world.

[QuantPM @PmQuant]

@karpathy @shreyansj That’s how Bell Labs used to be btw

[QuantPM @PmQuant]

@bennpeifert @zephyr_z9 Big respect for a dude who loses money (which is part of the game) and owns it.

[QuantPM @PmQuant]

$NVDA has a ASIC/TPU problem. As it happens, it also has a $AMD problem.

[QuantPM @PmQuant]

The fundamental problem with NVDA remains: its growth is contingent on hyperscalers being able to continue to grow their revenue. It’s the same bet, but to the extent that nvda top line grows faster it has more torque. But.. less of a level of safety when spending finally peaks.

[QuantPM @PmQuant]

@suchenzang @theo But do google want that? The company touches every corner of the AI stack..does it make sense to have the best model and say kill OAI/Anthropic? Who would buy TPUs then? There must be some serious discussions on where to deploy resources to get the best ROIC possble.

[QuantPM @PmQuant]

@suchenzang well said

[QuantPM @PmQuant]

Harsh lol. But true.

[Pedro Domingos @pmddomingos]

AI can’t generate new scientific ideas, but neither can most scientists.

[QuantPM @PmQuant]

“privately”

[Alexandr Wang @alexandr_wang]

incognito chat with meta ai coming to WhatsApp + Meta AI app!

people use AI to discuss personal topics and we want to make sure they ca do that privately. excited about this one!

[QuantPM @PmQuant]

Warsh first move will be a hike.

[QuantPM @PmQuant]

Coatue getting long semis had to be the signal…. too obvious.