...

just an x account. Nothing more, nothing less.

[Joe Lonsdale @JTLonsdale]

There are a small number of patriots in my generation who are fighting at the highest levels in a clear-eyed way for the USA and our civilization, and having a hugely positive impact.

@ssankar is one of them.

Shyam would have been very successful regardless, but I over-ruled a veto to hire him early at Palantir, and we’re lucky for it, and all learn a lot from his leadership. Great article about him in Colossus.

—

“What people don’t understand is that the argument that, you know, ‘Maybe our institutions are too powerful and we should be throwing sand in the gears, not making them more effective’—that just has deeply corrosive effects,” he said, breaking the facade of childlike optimism for the only time during our interviews, growing slightly indignant as he reached for the same words he’d used to describe what nearly swallowed his family when he was a boy. “It’s a form of institutionalizing corruption. Like, why do you think nothing works in Nigeria or India? It’s because the cultures are corrupt. The systems are bankrupt, and people just live with it or get overwhelmed by it. The entropy of the universe is towards that sort of corruption.”

“America’s always been able to push back against that and basically have things that function,” he concluded, switching registers and settling back into his chair. “It waxes and wanes throughout history. But we’re in a period of really fighting for that now.”

[Akshay Krishnaswamy @hyperindexed]

FDE-001 🇺🇸🫡

https://t.co/Qw93KXVqTk @ssankar

[IvanaSPEAR @IvanaSpear]

The market finally figured out that not all AI stocks are the same. But they are still missing the bigger opportunity.

From January through September, every AI stock moved together: $NVDA $AMD $GOOGL $ORCL all trading in lockstep.

The market treated AI as one giant bet.

But by October, everything changed.

Three distinct groups emerged:

1️⃣ The OpenAI Complex: Nvidia, AMD, Microsoft, Oracle, CoreWeave

Open AI’s promise to invest $1.3 trillion in infrastructure, with no profit to back it up, is raising many questions, driving the whole complex down. 

◾ Oracle needs to issue $90B of debt over the next 3 years to fund capex/negative FCF

◾ Significant customer concentration risk: OpenAI represents 66% of Oracle backlog

◾ Credit market doesn't love this profile - both Oracle and Coreweve CDS spreads are widening

2️⃣ The Google Complex: Google & Broadcom

◾Google's TPUs are gaining serious traction

◾Broadcom is manufacturing these TPUs specifically for Google

◾This is becoming a credible alternative to NVIDIA-centric infrastructure, especially in recommender systems

…but remember, there are risks here too, as TPUs have stronger performance than Nvidia only in one application …will be hard to gain general-purpose traction.

3️⃣ The Value Chain: $CRDO, $COHR, $ALAB, $LITE, $CIEN, $ANET, $MRVL

◾ Credo's electrical cable demand is soaring - the company reported 272% growth YOY earlier this week

◾ Astera Labs' scale-up components are driving >100% YoY growth in the latest reported quarter

◾ Marvell, just yesterday, pointed to solid visibility into ‘26/27 expecting +25%/+40% YoY growth

◾ Coherent & Lumentum - optics suppliers are just getting traction in the next wave of infrastructure buildout.

These companies are under-promising and consistently beating numbers.

While investors and media are debating which complex will take over, they are placing binary bets on platform winners.

But they don’t realize that investing in the value chain doesn't require that bet as infrastructure companies supply everyone:

If Google's TPUs gain traction, they need Lumentum optics.

If AWS gains traction, it needs Astera Labs components.

If Nvidia continues to win, they need Credo cables.

So the difference in risk profile is significant.

Platforms carry individual technology risks: one wrong product cycle, one market-share loss, and valuations compress fast.

Value chain companies have diversified exposure across all platforms with lower company-specific risk and superior risk-adjusted returns.

The debate will intensify as more data comes in.

Fund managers will make more predictions about who will win the platform war.

The OpenAI and Google complexes will see more volatility as market sentiment shifts.

Meanwhile, the infrastructure layer keeps winning.

They supply everyone, so it doesn't matter which AI model or chip architecture dominates next quarter.

[Peter Schiff @PeterSchiff]

Pres. Trump called me a loser, a jerk and a Trump hater for telling the Fox audience the truth about the rising cost of living. Biden had a lot of help in causing the “affordability crisis,” including from Trump during his first term, and he’s not fixing it, he’s making it worse.

[Elliottwave Forecast @ElliottForecast]

📈 Oracle $ORCL – Technical Breakout Confirmed

Oracle has completed a 3-wave pullback from its September 2025 peak and is now showing signs of a bullish breakout.

Full Breakdown : https://t.co/iFywyzvsnb

#ElliottWave #Stocks

[Ted Mabrey @MabreyTed]

If you want to build the next Palantir, you should build it on Palantir.

At Palantir we are building the next AWS, so of course we build on AWS. It is an obvious choice for us to maximize our technology leverage so we can get to the unsolved problems that are much more valuable than the ones AWS already solved.

All the lessons in the thread are 1) definitely true and 2) the problems that we have beaten our heads against a wall solving with very talented people in a very specialized environment for a very long time. Creating Palantir took a special kind of insanity.

Thankfully the pain we have metabolized and excreted into product leverage now makes this 1000x easier and is available for the next generation to build on.

If we were doing it from scratch today, we would definitely build on top of Palantir, and we would build an enormous company. Really all of the value is in the problems we haven't gotten to yet.

[Giovanni Staunovo🛢 @staunovo]

US will not complete oil deliveries into its reserve until year-end #oott #SPR https://t.co/j0DTZTsyDr

[Giovanni Staunovo🛢 @staunovo]

US implied oil demand (product supplied) in mbpd - EIA #oott

[Giovanni Staunovo🛢 @staunovo]

#Iran Says It Doubts Truce Will Hold, Warns Against New Strikes

https://t.co/ttO98VLAVN

[amit @amitisinvesting]

CIRCL $CRCL +20%

COREWEAVE $CRWV +8%

Both up 500%+ from IPO.

Meanwhile, $GOOGL is struggling to trade at 15x earnings and is back below $170 today.

Are we in 2021?

Is there too much liquidity?

Are people just bored with the old names and risking capital towards new ones?

[Giovanni Staunovo🛢 @staunovo]

Israel-Iran War: Day 7 Energy Impacts
West African crude could be a winner amid the turmoil as Israel continues its strikes on Iran's nuclear program and tensions spiral higher.
#oott https://t.co/BYPaoU0lWv

[First Squawk @FirstSquawk]

CONTINUOUS, INTENSE EXPLOSIONS HEARD WEST OF IRAN'S TEHRAN -IRANIAN STATE MEDIA IRNA

[First Squawk @FirstSquawk]

US PRESIDENT DONALD TRUMP IS CONVENING A NATIONAL SECURITY COUNCIL MEETING TO ASSESS AND RESPOND TO THE ESCALATING CONFLICT BETWEEN IRAN AND ISRAEL, ACCORDING TO A WHITE HOUSE OFFICIAL. - SOURCES

[Investing.com @Investingcom]

*IRAN WILL SOON LAUNCH 'PUNITIVE' OPERATION AGAINST ISRAEL: IRNA

*IRAN'S SENIOR ARMY COMMANDER CALLS ON ISRAELIS TO EVACUATE HAIFA AND TEL AVIV IMMEDIATELY

[amit @amitisinvesting]

I’d like to dedicate this post to the New York Times

$PLTR +3.5%, all time highs

[amit @amitisinvesting]

BREAKING: Palantir has invited the New York Times editorial board to speak to their leadership team about how privacy and civil liberty protections are embedded in the foundation of their software.

The NYT has responded by saying they would welcome the opportunity to interview Palantir’s leadership team.

Attached below is Ted Mabrey, Global Head of Commercial at Palantir, explaining what the agenda will consist of during the meeting ⬇️

If all goes as planned and there is a meeting with Palantir/NYT and the New York Times learns about the architecture of their software not being used to “surveil Americans,” then I’d be very curious to see if they issue an unequivocal retraction of the original article that started a horrific narrative which propagated to millions of people.

[MiloX Trading @CryptoMilox]

Nebius $NBIS plans to open a UK-based AI data center with 4,000 $NVDA Blackwell Ultra GPUs by Q4 2025. This hub will support advanced workloads for research, academia, and public sector groups, including the NHS. #AI 🌐

[... @AbeJ1988]

@jfrankie91 Hey I have that card. Got it last August

[... @AbeJ1988]

@TheMaverickWS Buying more