ZenCap

No investment advice. Weak opinions, strongly held. Specialize in widget making. West coast born and raised

[ZenCap @kaizen_cap]

Is that why it’s called Avocado? God damn it

[Bloomberg @business]

Meta Chief AI Officer Alexandr Wang said the company’s future artificial intelligence models will differentiate themselves from competitors through their consumer health capabilities https://t.co/ZsIzXdwcvE

[ZenCap @kaizen_cap]

AI companies: fully autonomous AI humanoid with milli-second inference response time + realistic tonal voice capabilities + next-gen actuators for full-motion joint control that can do 80% of what humans do today

#XYZ:

[ZenCap @kaizen_cap]

Last week was not the panic software cover bid. This week however 😈😈

[ZenCap @kaizen_cap]

Me going through earnings tonight

[ZenCap @kaizen_cap]

@dalibali2 Until Mythos becomes GA and we leapfrog back and forth every 3 months until AGI

[ZenCap @kaizen_cap]

@viggy_krishnan Yup. Explains the xAI and Cursor deal

[ZenCap @kaizen_cap]

Ahhh help us Pope Leo. What if we built digital god. Please don’t tell people ahhh

[BuccoCapital Bloke @buccocapital]

Anthropic marketing strategy is so funny like aahhhh the government is treading on me ahhhhh our models are so good we can’t release them it would be too dangerous ahh someone stop me im going to destroy the economy

[ZenCap @kaizen_cap]

4) Ton of execution required. Elon hard to bet against that. But at some price, just pay for Starlink + neocloud biz with upside node to space TAM as it commercializes. Idk about the valuation today..but this is not as stupid as I thought

[ZenCap @kaizen_cap]

1/ $SPCX is kinda sick the more I read about it. Yeah valuation is nuts and the share class sucks. I get it. But massive connectivity TAM where launch economics getting better can accelerate share gains due to better pricing. Telcos fucked. V3 constellation via Starship big deal

[ZenCap @kaizen_cap]

3) Yeah xAI sucks. That’s why they’re doing this Cursor deal - need data from coding agent. Selling GPUs to Anthropoc is fine. Colossus prob optimized for training anyways. At worst, maybe Capex intensity peaks and this is sustainable as a neocloud. Fine whatever. Need compute

[ZenCap @kaizen_cap]

Internet companies that have a captive audience can monetize the engagement layer with AI via product tiering, pricing, or just ads. Can be largely incremental to rev base. Opposite of software companies that face budget pressure and pricing models that cannibalize the core $SPOT

[ZenCap @kaizen_cap]

Software stocks are adding leverage to semiconductor stocks***

[Jack Farley @JackFarley96]

Software stocks are becoming a hedge for semiconductor stocks

[ZenCap @kaizen_cap]

Francis Ngannou is the scariest person alive

[ZenCap @kaizen_cap]

Lol $DT

[ZenCap @kaizen_cap]

$DT is the worst stock. It has two KPIs that matter. And if one KPI is good, the other is going to be bad. It's a lose-lose situation with a side of extra lose.

[ZenCap @kaizen_cap]

$AKAM

[ZenCap @kaizen_cap]

@S_curvecap Ya “internet” is just a loose term for a handful of scaled winners in each vertical sector. Benefited from strong consumer, easy competition, captive audience, high inc margins. That is changing at the margin given LLM threat => need to invest as future profit pool more uncertain

[ZenCap @kaizen_cap]

Honestly think Internet stocks have the worst price action here. At least we're seeing some divergence in software fundamentals / stocks given AI winner vs. loser debate. Internet prints are all liquidity events or just straight bombs. Not sure what changes this tbh

[ZenCap @kaizen_cap]

Bull market / AI stocks don't trade on valuation, only revisions. Bear market stocks only trade on valuation, not revisions

Imma bid up $DDOG to 20x sales and short $WDAY to 20x GAAP P/E

[ZenCap @kaizen_cap]

1-2 months of 10%-20% momentum reversal (semi vs. SaaS), and then we ride semis again into positive summer seasonality

[ZenCap @kaizen_cap]

Hmm this week feels blow off toppy