Jure Sikonja

Not investment advice

[UEFA @UEFA]

Statement on behalf of UEFA and its 55 National AssociationStatement on behalf of UEFA and its 55 National AssociationStatement on behalf of UEFA and its 55 National AssociationStatement on behalf of UEFA and its 55 National Associations

[Barchart @Barchart]

S&P 500 corporate earnings guidance is surpassing analyst estimates by the largest margin ever recorded 🚨 🚨

[Jure Sikonja @juresikonja]

Messi no more a wonderkid?

[rosie @therosieum]

https://t.co/F2G1usjT2E

[Lisa Su @LisaSu]

Excited to expand our partnership with @Azure to deploy @AMD Helios with our newest MI455X GPUs, Venice CPUs, and Pensando networking. Thanks @satyanadella @scottgu for the continued partnership. Proud of what our teams are building together!

[Jure Sikonja @juresikonja]

@denisyurchak Pick good gearbox, Shimano 105 onwards (105 or Ultegra) if you are not a professional. You can get great road bikes for cca 1k€ in Decathlon, equivalent to 1.5k€ if branded (Scott, etc.). I have it and it is amazing

[Jure Sikonja @juresikonja]

So far semis getting action, at some point this will return to the mean

[zerohedge @zerohedge]

"A generational transfer in free cash flow is taking place: BofA

[JohannesBorgen @jeuasommenulle]

Nick makes a great point below, so let’s dig further on the Unicredit Commerzbank next steps.

When you control a German AG (majority of sh votes), there are some important thresholds to know, very specific to Germany. This (& capital impacts) will drive future discussions. 🧵

[Howard Luks MD @hjluks]

Seven Things This 63 Year Old Surgeon Would Tell My 40-Year-Old Self

I am 63 now, and I spend my days as an orthopedic surgeon watching how people's earlier choices show up in their bodies decades later. I see it in my college friends, high school buddies, and patients that I have known for 20+ years. If I could sit across from myself at 40, here is what I would want that man to understand. None of what follows is complicated, and all of it compounds over the decades… either against you… or in your favor. You are largely in control.

[Holger Zschaepitz @Schuldensuehner]

Hello from Germany, where the auto crisis just deepened. BMW has issued a major profit warning, implying a profit drop of >60%. Its EBIT margin is now expected at just 1–3%; a shocking level for a premium automaker that once stood for double-digit profitability. This comes only a day after VW executives reportedly described their own company as facing an existential threat, according to Manager Magazin. BMW is now worth less <€40bn.

[COATUE @coatuemgmt]

Memory is the new bottleneck.

Nick Gagnet, Coatue Sector Head, on the AI infrastructure shift and why memory demand could 5x in 5 years.

[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.

[Jure Sikonja @juresikonja]

Agentic AI and AI agents requiring massive numbers of CPUs. Required CPU:GPU ratio going from 1:8 to 1:1.

The world is gonna need more CPUs.

[Mike @MikeLongTerm]

BREAKING $AMD| New Dr. Su on CNBC FULL🚀
After @AMD Q1 2026 Earning Result 05/06/2026🚨

CPU:GPU Ratio Traditionally 1:4-8 => 1:1 => 3-5:1
The power of new model, Agentic AI and Agents are doing work for companies and employees.
We gonna need more CPUs. And TAM growing much faster pace than we expected.

Capacity: We been planning for this cycle, customer will need CPU GPU Custom chips. We work with TSMC SamSung and data center operators.

We have world class supply chain built for this moment. We are making all the largest hyperscalers and AI natives to get all compute they need.(Key words: ALL OF THEM)

We talk to all customers, not just what we need in 2026, we are talking about long term in 2027-2028 and beyond in term how much CPU they need.

Shifting of workload to CPUs. U dont want to think of this cycle of catch up demand. It is much much better when we get durable long term demand from customers. Broad set of workloads to sastify with different chips.

$META 6GW Deal and @OpenAI 6GW and other large customers. We are happy with OpenAI and Meta on Helios Rack. There been TREMEDEOUS interest and demand for Helios Racks. We have a broad set of customers' interest. We are seeing higher demand than what we forecasted on entire system(CPU GPU Networking++++). We are driven by data center ramp/growth, what we been planning for!(Called it)

I'm(Dr. Su) very bullish on what AI can do.

Competition: Helios vs Rubin Rack from Cramer. The market is huge, we are very comfortable with our competitive advantage. We been planning this inference surge since 2022/2023 for a long time. Memory bandwidth and capability. We have a very strong roadmap and broadening CPUs roadmap where everyone is talking about CPUs today.

CPU:GPU Ratio 1:1. Extension of Agentic AI requiring a lot of CPUs. U could see even more CPU ratio as we get more agents to do work for us. Data center is our largest growth driver for AMD. We feel very confident on our target. We are seeing strong customers adoption, We are very BUSY.

WE INTEND TO DELIVER (CALLED IT!)

Are you concern with $INTC @intel. Market is huge, we are very confident in our product offerings, very strong, especially our EPYC Venice. Lots of compute are required. We are growing faster than the market anticipated(implying analysts are behind). Market share is increasing. Very strong customer's relationship long term.

Souce & Credit: CNBC

[El Equidistante @elequidistante]

Esta mañana he encontrado una nómina vieja de mi padre revisando papeles de casa.

Marzo de 1992, ingeniero jovencito con 6 años de experiencia. Casado, con dos hijos e hipoteca en Madrid.

Por curiosidad me he puesto a hacer cálculos, y me ha dado permiso para compartirlos.

El bruto del mes eran 615.704 pesetas. Ajustando a IPC, hoy serían 120.000 € brutos al año equivalentes. Un ingeniero con ese mismo perfil cobra ahora entre 35.000 y 45.000 €.

Un tercio. Un puto tercio del sueldo real que tenía mi padre con su edad.

Pero donde la trampa se ve más clara es en la fiscalidad.

Mi padre, sumando IRPF y Seguridad Social, soportaba una carga fiscal efectiva del 27% sobre su bruto (24% IRPF + 2,7% SS, porque cotizaba al tope máximo). Le quedaban netos el equivalente a 87.000 €.

Un ingeniero hoy con 40.000 € brutos soporta una carga total del 22% (16% IRPF + 6,5% SS) y le quedan apenas 31.000 € netos.

Mi padre vivía con casi tres veces más renta disponible.

En el mismo país. En la misma ciudad.

¿Que hoy se paga menos porcentaje? Lógico, ganando un tercio, claro que el porcentaje baja.

Por el camino, eso sí, se cargaron las deducciones que protegían a la clase media como por ejemplo la deducción por vivienda habitual que desapareció para nuevas compras en 2013.

Y si por algún milagro alcanzas hoy los 120k equivalentes que cobraba mi padre, soportarías un 35% de carga fiscal total en vez de su 27%.

Ocho puntos más por el mismo sueldo real.

¿De verdad vivimos mejor?

Los datos dicen una cosa. La narrativa que nos venden, otra.

[Elon Musk @elonmusk]

That’s a lot of illegal immigrants

[Wasteland Capital @ecommerceshares]

Absolutely insane statistic: $MU accounts for &gt;50% of the upward earnings revisions for the entire S&amp;P500.

Never happened in history. And probably never will again. One company, out of 500 large caps in the world’s largest index.

Absolutely unfathomable, if you understand this.

[Jure Sikonja @juresikonja]

@MarketMovesMatt Leaps

[Wasteland Capital @ecommerceshares]

Tech has now entered a liquidation spiral where people (eg hedge funds) are forced to sell good, cheap, accelerating assets (eg much of semis) to cover their losses in expensive, decelerating, high P/E sh*t (eg SAAS / AI victims).

Not sure how long this will take to play out.

[Jure Sikonja @juresikonja]

@ecommerceshares This turnaround will take some time…

[Freedomain - with Stefan Molyneux, MA @StefanMolyneux]

Very high IQ people are good at just about everything

[Jure Sikonja @juresikonja]

@compliantvc

Just tried to read an article hosted inside a fully non-compliant country. What do you think? We should not pursue such risky endeavors