George Babis

🥤🗞️ Founder of @thelattehq | 7K+ readers, 105K+ IG fam. Currently obsessed with cold brew coffee

[George Babis @George_Babis]

I grew up in rural Greece, and my father is still a farmer in my hometown.

I'm the first person in my family to go to university — I studied economics.

I started experimenting with stocks and other digital assets from a bedroom in my grandparents' home because it was actually quieter than my parents' home!

The internet saved my life. I started sharing investing content and built an audience online. Then I turned that audience into free newsletter subscribers. Then I built a subscription newsletter product, making my first $5,000 in a single day at 23.

Fast forward to today, and I have a six-figure net worth, hoping to hit seven figures by 30, from my digital business, a real estate side hustle, and investments.

It doesn't really matter what your background is or where you're from. I incorporated my company in the UK and invested in the US.

You can do anything. Don't let anyone tell you otherwise.

[George Babis @George_Babis]

@Barchart Keep the rest of the quote, though: "the companies that are on the other side of that bubble are the market leaders for decades to come." And this week Jensen Huang said the problem is a scarcity of capital, not demand.

[George Babis @George_Babis]

@wallstengine The line to watch is Data Center Solutions: $230M of revenue, +76% YoY and +23% QoQ. With Kelvion, SLB targets $4.5–5B of data center revenue by 2028. An oil services company is turning into an AI infrastructure play.

[George Babis @George_Babis]

@KobeissiLetter @TKL_Adam @cvpayne Thursday showed it. The Nasdaq fell 2.6%, but the Dow closed flat and homebuilders rallied 3.8%. The selling is concentrated, and the Nasdaq is still only about 5.8% off its Oct 6 record.

[George Babis @George_Babis]

@StockMKTNewz @Fiscal_ai Pricing did a lot of the work: ad impressions +10%, average price per ad +14%. The Q4 guide of $73–76B brackets the ~$73.7B consensus, and headcount is down 15% YoY to 66,775.

[George Babis @George_Babis]

@charliebilello The new guide is the interesting bit: Meta now sees 2026 Reality Labs losses of $18–19B, below 2025. The metaverse isn't the big cash call anymore. That's AI, with $34.9B of capex in a single quarter.

[George Babis @George_Babis]

@charliebilello Worth adding the other side of the ledger: $82.45B of cash on hand, and the ad engine is still accelerating with impressions +10% and price per ad +14%. The market's verdict was the stock up 4%+ after hours, even with 2026 capex now $135–145B.

[George Babis @George_Babis]

@wallstengine Backlog is the line I'd watch: $406M, up 166%. That's 68.3% gross margins on 78.5% growth, and the stock rose 7.06% to $204.14. I'm long VICR.

[George Babis @George_Babis]

@Amanda_Goodall Default protection on Meta, Amazon, Alphabet and Microsoft is at multi-month highs too. Meta reports tonight with the Street at $6.67 EPS on $63.31B in revenue. The capex outlook is the line credit will react to.

[George Babis @George_Babis]

@Investanswers This morning's futures said yes: Nasdaq 100 up ~0.7–1%, Kospi +3%, SK Hynix +6%. Credit hasn't followed yet. CoreWeave's 2031s yield about 16% and its 5-year CDS is around 1,080bp. Meta and Tesla tonight are the real test.

[George Babis @George_Babis]

@charliebilello Q3 alone tells it: $19.59B of capex against $8.81B of adjusted EBITDA. The burn is the bet, and the Q1 2027 guide of $33–37B vs $22.2B expected is what they're asking investors to underwrite. I'm long SPCX.

[George Babis @George_Babis]

$SPCX's AI segment did $7.56B of revenue in Q3, up from $813M a year ago. It's now bigger than Starlink ($5.25B).

Then the CFO guided Q1 2027 revenue to $33-37B. Analysts had $22.2B.

I'm long SPCX.

https://t.co/m0C055d3uh

[George Babis @George_Babis]

TSMC raised its 2026 growth outlook to ~44% and guided Q4 up 14% q/q, 58% y/y.

ASML says some customers are asking about 2029-2030 orders.

$TSM still fell 9% last week and sits ~7% below where it started.

Demand isn't the problem. Rates and credit set the multiple.

[George Babis @George_Babis]

$GE Aerospace orders jumped 49% to $19B. It raised every 2026 guide line and says its commercial services backlog tops $170B.

The stock is down ~2% premarket because Q3 free cash flow was $2.04B vs $2.2B expected.

One quarter of cash timing vs a $170B+ backlog.

[George Babis @George_Babis]

@Kalshi_Finance Under the hood it was narrow. The Nasdaq rose 1.11%, but about 65% of S&P 500 stocks fell, NYSE decliners beat advancers 1.69 to 1, and 7 of 11 sectors finished red. A real all-clear needs breadth, not just chips and Amazon.

[George Babis @George_Babis]

@zerohedge Credit is already pricing a version of that. Goldman has data-center debt spreads above 400bp vs about 250bp for non-AI high yield. Demand isn't the issue yet, with TSMC guiding Q4 to $52.3–54.3B. Financing is where the stress shows up first.

[George Babis @George_Babis]

@DeItaone On a ~$50B run-rate that's about 28x revenue. Equity is still paying up for AI while credit charges more every week: CoreWeave's 2032s yield 14.9% and Oracle's 5-year CDS is at 315bp, up 311% y/y. Two very different prices for the same buildout.

[George Babis @George_Babis]

Amex GBT, the giant of managed corporate travel, went private Sept 29 for ~$6.3B.

$NAVN closed Friday at a ~$6.6B market cap, not yet a year after its IPO, with revenue up 35% last quarter.

The challenger now trades above the incumbent's take-private price.

I'm long NAVN.

[George Babis @George_Babis]

@Mr_Derivatives Makes sense given what actually broke. TSMC guided Q4 up 14% q/q and still fell about 9% on the week, while the 10-year dropped to ~5.09% from 5.24%. Demand and rates both moved tech's way. The selling was about AI credit, and that's what has to calm down for the bounce to stick.

[George Babis @George_Babis]

SpaceX Tuesday is the one I'm watching most. Bloomberg consensus is $12.89B in revenue, about 65% above Q2's $7.81B, with Starlink near $4.9B and 14.3M subscribers. Options imply about a 6.8% move either way. I'll be focused on AI revenue (~$6.4B expected) more than the EPS line. I'm long SPCX.

[George Babis @George_Babis]

Demand keeps getting revised up. TSMC guided Q4 to $52.3–54.3B, up 14% q/q, and ASML has customers asking about 2029–30 slots. The open question is funding: Alphabet, Amazon, Meta and Oracle have already issued $228B+ in bonds this year, more than double 2025. Meta's call Wednesday is the first real test.