$META muse is pretty amazing. Use it daily. My family uses it daily. First AI assistant for “normies” that feels ready for prime time
A shame they can’t get a deal with Amazon though. Having Amazon blocked feels like a real gap IMHO
I think of it as simply adapting to your environment.
You could have taken $AMD against the 50SMA, $SNDK, $MU, $SKHY, $SOXL, $NBIS, $CRWV, or any number of other washed-out names.
Similar to a parabolic move higher, you can only stretch a rubber band so far before the inevitable snapback.
The difference on a day like today is waiting for the group and the overall market to provide some confirmation before taking a stab. We saw that confirmation in spades today.
I know plenty of traders who will attempt the same trade half a dozen times on the way down. That's the brutal mistake. By the time the real opportunity presents itself, they've already exhausted themselves mentally and financially. Now they're gun-shy when they should be ready to act.
The trade still might not work. That's fine. You pick your trading vehicle, express your idea long or short, define your risk, take your shot, and let time do the heavy lifting.
The important distinction is understanding whether you're trading a bounce or positioning for the beginning of a potentially beautiful new uptrend.
That's where the mental shift needs to happen.
The names that had gotten wildly washed out aren't necessarily swing trade candidates just because they bounced hard today. For now, they're bounce trades.
Think 1–3 days, then reevaluate where the market and those groups stand.
Don't confuse a violent snapback with the beginning of a sustainable trend. Let the market prove that to you.
Per @grok
NY isn’t banning 6% because 6% is “too high.” It’s blocking interest on this specific product.
X Money is not a normal NY bank account. In the legal paperwork it is a stored-value account run by X Payments LLC with funds sitting at partner banks (Cross River and a sweep network). A money-transmitter license lets you move money and hold prepaid balances. Paying yield on those balances is treated in New York as taking deposits, which generally requires a bank or trust charter. NYDFS told X it cannot pay interest on NY stored-value accounts, so the APY drops to 0% on October 1, 2026. X’s own terms already say NY residents “do not obtain interest on Stored Value Accounts.” @en
A few people have Thursday's numbers tangled, so let me untangle them.
The majority of the $684m loss is the cost of retiring Bitcoin miners as we convert those sites to AI Cloud. Non-cash. The cloud business underneath ran ~87% gross margins (ex D&A).
Every megawatt that comes off mining goes back on at multiples of the revenue. Recent 3-year AI Cloud contracts are at >$20m per MW (IT), more than double late last year.
And the $25-30bn of forecasted FY27 capex isn't an equity number. Customer prepayments can cover about half the GPU capex. Lenders can fund most of the rest. We raised ~$19bn over the last twelve months and only ~$3bn of it was equity. We haven't borrowed a dollar against the data centers yet either.
$4bn of ARR is contracted, with three sites commissioning between now and year end to bring it online. And that's the 2026 story. The real ramp is 2027, when Sweetwater and the next wave of capacity come into play.
It's delivery time.
The anti datacenter arguments are some of the worst arguments against anything I’ve seen in quite some time.
The fact that this is such a prominent issue emphasizes how bad AI needs to deliver undeniable benefits to ordinary non tech people.
AI in healthcare can do that.
Every new AI data center creates more demand for AI, not less. That's what people referring to past booms keep getting wrong about this one.
Better AI needs more computing power to run. Cheaper AI gets used more, not less. And every step change in capability creates use cases that didn't exist a year ago.
Demand grows at the speed of software, but supply cannot. Supply grows at the speed of the real world: power connections, transmission lines, concrete, steel, and the thousands of people it takes to build.
In past booms, technology helped supply catch up. This time, technology is on the other side of the equation. It's fueling exponential demand, and the real world can't build fast enough to keep up.
Grok’s simple explanation of $IREN:
“Anthropic pays SpaceX 1.25 billion dollars **per month** for 300 MW of computing power.
IREN already has 1.4 GW at Sweetwater 1 – that's almost 5 times as much power.
Scaled up, IREN could earn about 5.8 billion $ per month (70 billion $ per year) with that. In 5 years, that would be 350 billion $ in revenue. At a normal valuation, that results in a trillion-dollar market capitalization.
Even at half utilization and a lower price, it remains extremely lucrative – and IREN has secured another 3–4 GW of power. That's why the bull case for $IREN looks so insane.”
JUST IN: $IREN CEO
Demand grows at the speed of software, but supply cannot.
Supply grows at the speed of the real world:
1. Power connections
2. Transmission lines
3. Concrete
4. Steel
5. The thousands of people it takes to build.