Stilgar

[shirish @shiri_shh]

The laptop hasn't changed in 30 years. NVIDIA just changed it

RTX Spark is their first PC chip ever.

- RTX 5070 level GPU
- 128GB unified memory
- 1 petaflop of local AI
- thin, light, barely throttles unplugged

Your AI agent lives on the machine. 24/7. No cloud.

This is step one of the agentic AI PC, and everyone else is about to copy it.

[Boring_Business @BoringBiz_]

When you were taught to value companies based on discounted future cash flows but you just saw a company with no cash flows IPO for a trillion dollars

[unusual_whales @unusual_whales]

Ken Griffin, on hiring: I want people who have high aspirations, tremendous perseverance and grit.

[Geiger Capital @Geiger_Capital]

Kevin Warsh refreshing bond yields right now

[Sound Dobad @SoundDobad]

Jensen deciding what to pack

[vids that go hard @vidsthatgohard]

Me flexing the AP watch I got for $300 to a nigga who payed $200k for his

[Goshawk Trades @GoshawkTrades]

Ken Griffin on the single factor he looks for when hiring at Citadel:

"show me an athlete who did well academically."

"an athlete because they know what it takes to win and they've had to experience loss."

talent is everywhere. what's rare is someone who knows how to lose, recover, and still perform at a high level.

same thing separates profitable traders from everyone else.

[NBA Memes @NBAMemes]

The OKC finally revealed SGA’s statue 😳

[Hater Report @HaterReport]

LEBRON AND ALEX CARUSO GOING AT IT:

Bron: “Every f*cking call. No AC f*ck that”

Caruso: “I don’t give a f*ck about none of that sh*t”

Bron: “AC I don’t want to hear that sh*t.”

[litquidity @litcapital]

Hear me out: this has all been a psy op orchestrated by Jamie Dimon to get all the horny finance bros excited to get back into the office 7 days a week

[Not Jerome Powell @alifarhat79]

JP Morgan: We’re hiring.

Me:

[Not Jerome Powell @alifarhat79]

Jerome Powell leaving rates unchanged in his final FOMC meeting after Trump begged him everyday to lower them

[The Kobeissi Letter @KobeissiLetter]

SUMMARY OF FED CHAIR POWELL'S STATEMENT:

1. Near-term US inflation expectations have risen

2. The Fed sees US PCE inflation at 3.5% in March 2026

3. Higher energy prices will "push up" near-term inflation

4. Middle East situation is contributing to uncertainty

5. Current Fed policy stance is "appropriate"

6. Powell will remain on the Fed board as Governor after May 15th

A new era of Fed policy is ahead of us.

[The Kobeissi Letter @KobeissiLetter]

Our most frequently asked question right now:

"If oil prices are above $100/barrel and the Iran War isn't over, why are stocks at record highs?"

The answer to this question is simple.

The AI Revolution has simply become so large, that investors are viewing everything else as "noise."

Over the last few months, as large cap technology stocks traded flat then sharply lower amid the Iran War, the AI narrative only grew.

The Magnificent 7 companies are set to invest over $600 BILLION in AI this year alone.

And, as broader markets swept tech giants like Nvidia and Alphabet lower, these stocks reached their cheapest Forward P/E levels since 2019.

At the March 30th bottom, the S&P 500 Information Technology index was trading at just a 4% Forward P/E premium to the S&P 500, the lowest since January 2019.

Tech stocks became cheaper than the average S&P 500 stock for the first time since 2017.

Nvidia, for example, is now trading at just a ~26x Forward P/E multiple, even as it is back at record highs. Walmart? 43x. Costco? 46x.

The reality is that many large cap technology stocks are merely getting cheaper as they go up. And when they go down, they become remarkably cheap.

We are in the biggest technological revolution in modern history, and even $100 oil, a 4.40% 10Y Yield, and rate cuts priced out until 2027 are unable to derail the train.

Asset owners will continue to win.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The UAE announces it will be leaving OPEC effective May 1st.

This will officially end the UAE's 59-year membership in the organization.

The Iran War is redefining the global energy industry forever.

[Marko Papic @Geo_papic]

How geopolitics and markets are different.

[Not Jerome Powell @alifarhat79]

Who did this?

[VolSignals @VolSignals]

I'm going to be brutally honest here

I pay almost no attention to news headlines

they almost never feature in my market analysis-
and if they DO, my outcomes are almost always worse

(short thread)

[The Kobeissi Letter @KobeissiLetter]

The US technology sector is approaching a massive debt maturity wall:

More than $330 billion in high-yield, leveraged loan, and business development company-linked software and technology debt is set to mature through 2028.

~$142 billion matures in 2028 alone, nearly 3 times the 2026 amount.

Of that, ~$65 billion is in high-yield corporate bonds, while ~$77 billion is in leveraged loans.

Most of this debt was issued during the pandemic era of near-zero interest rates, and companies will now have to refinance at significantly higher costs.

Many firms are expected to begin refinancing as early as the 2nd half of this year.

The tech sector is about to see significantly higher interest rates.

[The Kobeissi Letter @KobeissiLetter]

You can’t make this up:

Allbird stock, $BIRD, was down -99% from its record high as of yesterday as the shoe company was collapsing.

Today, Allbirds stock is up as much as +875% after entirely rebranding as an AI company.

This includes selling all of its brands and footwear assets and rebranding to “Newbird AI.”

And, the company will use a $50M convertible financing facility to “acquire high-performance GPU assets.”

Even shoe companies are moving into AI.