eggwalking

[Jim Liu @jiahanjimliu]

We have objective, facts based reporting on NBIS’s Lappeenranta DC from @TheUglyBuckling.

[Dear God @TheRich_Gospel]

Please God.

[Wisdom Stoics @WisdomStoics]

Take that risk!

[长尼玛 @raylin51]

甲骨文财报已经出来了，大概总结了一下就是最担忧的 capex 支出结构现在由客户预付款或者自带 GPU 组成，可以认为是暂时把最危险的部分排除掉了。有问题的部分在于 FCF 的负债部分还在扩大，但是结合来看我认为 FCF 负数扩大是经营扩大的结果，加上客户出资建设和暂时不发新债叠加，总体来说是一个超预期的财报，看好整个 neo cloud 赛道会是下一次大盘修复的时候比较热门的选择。$ORCL $NBIS

[SemiAnalysis @SemiAnalysis_]

DeepSeek is going heavy-asset.

On June 9, the company posted an opening for IDC planning engineers, a role explicitly scoped to the design and delivery of MW-to-GW scale infrastructure. It follows April's hiring of data center O&M engineers in Ulanqab, Inner Mongolia. Taken together, this is the first time DeepSeek has fully shown its hand on owning compute infrastructure rather than just renting it.

[The Driven Man @Thedrivenman]

Dear God, bless my mom.

[Aelia Capitolina @Areskapitalon]

也就是说当前最大的危险绝对不是什么AI泡沫破裂，而是当一个非常正当合理并且前途星辰大海的项目，遇上一个濒临崩溃的主权信用和与其挂钩的借贷成本定价体系，用缺氧的方式使这个项目窒息，迫使天量的融资需求被逼进股权市场导致资本大逃杀的危险。

[Aelia Capitolina @Areskapitalon]

不是，我认为AI数据中心是一个人类有史以来最显而易见的稳赚不赔的生意，这点毫无疑问。它既不是房地产次贷那种纯粹的金融泡沫，也不是2000年铺设的那些找不到需求的光纤。在项目本身上，没有任何问题可言。

唯一的问题在于，这个时间点正好和美国主权信用的破产时间点重合了。那么债务融资的来源，如果利率一直保持高企甚至上涨的话，就有了天花板；债务融资走不通的情况下，就只能增发股权融资，而后者用通俗的话讲就是吃资本市场的钱。

如果所有人都知道所有AI企业都要开始吃资本市场的钱了，那么大资金的首要选择就是，尽快离场。

[Matt Forney @mattforney]

Opendoor fires all Indian employees, closes Indian operations, brings jobs back to the U.S.

It's beginning. Every transnational corporation will pull out of India once their scamming and lying hits critical mass.

Got what I voted for...again.

[包叔 @baoshu88]

这个Q2可能是史上最大科技企业裁员季。路透社的报道说，中国所有大型科技公司都已开始进行重组，营销和前端工作岗位大多已被人工智能取代。

以前AI主要抢走的是低端岗位客服之类，这个季度开始AI消灭的就是中等以上岗位了。内容类、运营类、销售类、教培类、程序员，AI已经超越绝大多数中等水平的员工。AI毫无怨言、24小时工作，没有职场的内耗成本，很多老板宁愿花一样的钱买token也不愿意雇人。

[InsideMacro @InsideMacro]

Over the next 1 week…
Flat tape: Sellers $4.46B($1.13B out of the US)
Up tape: Sellers $0.97B ($1.83B out of the US)
Down tape: Sellers $20.52B ($6.05B out of the US)

Over the next 1 month…
Flat tape: Buyers $2.91B ($1.55B into the US)
Up tape: Buyers $38.84B ($2.74B into the US)
Down tape: Sellers $143.70B ($54.95B out of the US)

Source: GS

[駿HaYaO @QQ_Timmy]

工業和信息化部司局簡函
電子信息司關於召開 MLCC 產業發展
專題座談會的通知
各有關單位：
為系統梳理 AI 需求下 MLCC 技術演進與產業發展趨勢，根據有關工作安排，我司擬於 6 月 11 日 在北京召開專題座談會。請貴單位相關負責人參加，並於 6 月 10 日上午 10:00 前將參會回執及書面發言材料發送至聯繫人郵箱。

[FilingSniper @FilingSniperx]

$SWMR is a few months post-IPO. the may 13 10-Q had 81% revenue decline, widened losses, and material internal control weaknesses. the auditors flagged going concern.

filed today: an S-1 and 8-K for a 24-month equity purchase facility with lucid capital markets. up to 3 million shares sold at 98% of VWAP. at current prices that's up to $146m in potential dilution hitting existing shareholders.

the first major capital move after going public is a deep-discount at-the-market facility. that's not a growth raise.

https://t.co/467iD3IXSd

[zerohedge @zerohedge]

and there it is:

ORACLE SAYS IN FY 2027 IT EXPECTS TO RAISE APPROXIMATELY $40BN THROUGH A COMBINATION OF DEBT AND EQUITY FINANCING

[0x鸣人 @LuBtc888]

关于股票，让我唯一感到头皮发麻的就是索罗斯在《金融炼金术》中的话:

“世界经济史是一部基于假象和谎言的连续剧。

要获得财富，做法就是认清其假象，投入其中，然后在假象被公众认识之前退出游戏。

如果你真的能参悟这句话，你的投资水平将会出现指数级别的上升。

真的，现在回想这句话，还是头皮发麻。

[Nick Timiraos @NickTimiraos]

The Fed chairman will have the 2:30 pm press conference after next week's FOMC meeting.

[Mo Shaikh 🇺🇸 @Moshaikh]

Citadel, is one of the most significant hedge funds, and they just dropped tokenomics …

And it’s not what you would have expected

[M. V. Cunha @mvcinvesting]

Great day at Nebius Inflection.

It was a pleasure to finally meet some of the team in person.

The future is bright for $NBIS.

[LIWEI_TW Capital @LIWEI_TWCapital]

Believe it or not…

TSMC engineers based in Hsinchu are personally saying the SA report is talking nonsense.

$TSM’s CPO mass production is still on schedule.

No delay.

Also supplementing the TSMC COUPE Platform Technology Roadmap shared by @semivision_tw. If you find this useful, please follow him as well!

#TSMC #CPO #COUPE
#Semianalysis

[Antfeed @antfeedapp]

EXCLUSIVE: SK HYNIX TO MASS-PRODUCE 375-LAYER NAND WITH MOLYBDENUM

TLDR: SK Hynix is trying to improve NAND economics without triggering another supply glut.

SK Hynix is preparing to mass-produce 375-layer 3D NAND by year-end at its Cheongju M15 plant, using molybdenum for the first time in part of the word-line metal gate structure to replace tungsten, lower resistance, improve signal transmission and raise density in high-layer NAND.

#SKHynix #Samsung #Micron #NAND #3DNAND #MemoryChips #Semiconductors #KoreaSemis #KoreaMarkets #Molybdenum #Tungsten #ChipMaterials #AIInfrastructure $HXSCF $SSNLF $MU $DRAM $EWY $KORU $SMH $SOXX