Hemingway Capital

Global Tech investor. definitely not important and definitely not investment advice.

[Hemingway Capital @lfg_cap]

“It’s not AGI, but it’s worth a few trillion $ in GDP” - anon

[Hemingway Capital @lfg_cap]

@Frazier_Cap @pekwat this

[Hemingway Capital @lfg_cap]

@pekwat 26/27 gonna make 2021 look like amateur hour

[Hemingway Capital @lfg_cap]

@Ronnie_Wiess Is it tho

[Hemingway Capital @lfg_cap]

Still there. Need to upgrade my life.

[dalibali @dalibali2]

How life feels when you no longer are about shitlab

[Hemingway Capital @lfg_cap]

@dalibali2 @P_Remarks Prob

[Hemingway Capital @lfg_cap]

Yes. Beta Bill sucks. Fire him.

[Hemingway Capital @lfg_cap]

@Plum_Capital lol

[Hemingway Capital @lfg_cap]

WEB is ai pilled and you think it’s a bubble, anon?

[Hemingway Capital @lfg_cap]

@OnodaCapital 10k really lol?

There were signs

[JT @lokoyacap]

You should assume Google is well aware of the global constraints we all read about daily and, more importantly, the lead times for adding any capacity of significance for the parts of the supply chain they can control.

Said differently, if you wanted to, for example, 2X or 3X TPU racks for 2027, obviously you cannot wait until December 2026. You have to do it right now and you have to do it at scale via pre-funding/prebuys/very large commits. No one is going to scale up dedicated capacity otherwise. Ie exactly what NVDA is doing; don’t think for a second the hyperscalers haven’t been taking notes.

Hence this, followed by what is likely an imminent gigantic debt raise as @TMTLongShort has already highlighted.

For an infamously secretive co, Google is pretty literally telling you what they are planning for 2027/2028.

[Hemingway Capital @lfg_cap]

Sounds like $NBIS needs to double again

[Just Another Pod Guy @TMTLongShort]

Your occasional reminder that the hyperscalers have a 6-12 month forward view on scaling laws and model capabilities that you as a lowly analyst do not.

Be humble. Idc how many subs you have on substack or how much you made during the GFC.

You are at an intellectual disadvantage.

[Hemingway Capital @lfg_cap]

Yeehaw 🤠

[Hemingway Capital @lfg_cap]

@TheStarkCapital @bstaples Overpaid no matter what

[Hemingway Capital @lfg_cap]

You better crush billings @bstaples with all that half assed pumps.

[Bill Staples @bstaples]

Copilot customers, if you run out of credits on GitHub, consider checking out GitLab and Duo Agent Platform. It is free to sign up and every premium seat includes $12/month and every ultimate seat includes $24/month in promotional credits so you can experiment with a more powerful cloud neutral, model neutral agent platform for DevSecOps with zero cost. Learn more and get started here: https://t.co/dO6nONgXX5

[Hemingway Capital @lfg_cap]

@TheStarkCapital @bstaples Idk but he’s the biggest beta / mid intelligence CEO out there

[Hemingway Capital @lfg_cap]

"…. the less good news = Factor moves remain extremely volatile under the surface with the GS TMT Mo’ pair down ~1,020 bps at one point on Friday (ended the day down 875 bps), one of its biggest daily pullbacks in recent history .. feels like daily performance challenges / volatility has picked up (both in Semis and in Software) as several ‘core’ large-cap holdings have stalled out (NVDA down 8 of 10 sessions, GOOGL down 3wks in a row, LITE down 5 days in a row, GLW down 4 of 6 wks, et al), meanwhile, the GS Most Short basket is up 8 of 9 weeks, good for a 25%+ gain in a straight(ish) line, and Software was up 20%+ in May, its best month since 2002 (not a typo) …"

^^ h/t callahan @ gs

[Hemingway Capital @lfg_cap]

@HughyJass58 @WaterworldCapi1 @P_Remarks Cash returns

[Admiral Waterworld @WaterworldCapi1]

Revenge of the boomer 1990s portfolio dominating.

[Hemingway Capital @lfg_cap]

Yes

[Bucket Shop Capital @bucketshopcap]

Everyone victory lapping software this week only means one thing.

[MrRatable @MRatable]

Did companies performatively “use the internet” in 1999? Were employees told to spend as much time online as possible?