Menoua Gharakhani Siraki

🇦🇲

[Menoua Gharakhani Siraki @MenouaGS]

A year ago, I argued that Apple had no reason throwing billions of dollars at capex to compete in the commoditizing LLM race.

The market commentators were busy 'capex shaming' any company that wasn't burning cash on AI infrastructure—but as @AswathDamodaran puts it, Apple is simply staying in its lane.

One year later, the stock tells the story: the market isn't punishing them for it.
$AAPL

[Menoua Gharakhani Siraki @MenouaGS]

@Acyn If you show Trump an empty glass, he’ll say that is a full glass of water.

[Menoua Gharakhani Siraki @MenouaGS]

March 2026, Jensen Huang on tokens for engineers:

"That $500,000 engineer at the end of the year, I'm going to ask them how much did you spend in tokens? If that person said $5,000, I will go ape something else."

"If that $500,000 engineer did not consume at least $250,000 worth of tokens, I am going to be deeply alarmed."
Fast forward.

Uber's CTO: burned the entire 2026 AI coding budget in 4 months. Then the COO on ROI: "that link is not there yet."

June 4, Alex Karp at AIPCon: "They are not happy. They do not like these people. They're tired of people token maxing. It looks like masturbation, and this cost them money."

Man. The irony.
$NVDA

[Nassim Nicholas Taleb @nntaleb]

As with fat tails Llms are frequency machines that fail to extrapolate outside the sample set. What they know is the VISIBLE.

Almost as bad as economists, almost worse than psychologists.

[Menoua Gharakhani Siraki @MenouaGS]

Waymo Ends Ride Early

Sam Schwartz, the customer cited by Business Insider in a report on Thursday, said that Waymo’s support team asked him to get another ride, “probably Uber or Lyft.”

A spokesperson for Waymo cited in the report said that the ride was halted after the company’s operations team learned of a “planned protest activity.”

Essentially, the notion that AVs will soon dominate ridesharing giants like Uber is absurd given current limitations, though exactly how long it will take for such emerging technology to improve remains entirely unknown.
$UBER

https://t.co/GpxqEwbWlx

[Menoua Gharakhani Siraki @MenouaGS]

@ariaradnia Ah, I remember when this sold off to $350 during February.

[Menoua Gharakhani Siraki @MenouaGS]

Dan Niles: “You can be in an irrational market and still have a long way to go”

Beautifully said @DanielTNiles

[Menoua Gharakhani Siraki @MenouaGS]

There is no denying the contradictions of Dario Amodei; in my view, the reality is that his motives are driven by a pursuit of power, expressed through the language of socialism and politics.

[Menoua Gharakhani Siraki @MenouaGS]

Howard Marks: "Well, you know my firm Oaktree Capital Management first of all doesn't invest for the most part in the stock market. We're mostly investors in what's called credit or debt."

My assessment of Howard Marks's comment is that he doesn't engage with uncertainty but rather engages with predictable outcomes.

[Menoua Gharakhani Siraki @MenouaGS]

@Samurai__Stock I trust Bill M with my life

[Menoua Gharakhani Siraki @MenouaGS]

During Nvidia's Q1-FY27 Live Call, a notable highlight stood out. It was mentioned:
"Our partnership with Uber will power the Robo taxi fleet across nearly thirty cities and four continents by 2028."

Hence, I continue to be bullish on the position Uber is in.

$UBER
$NVDA

[Menoua Gharakhani Siraki @MenouaGS]

@edels0n You used to respect Bezos? That’s the naivety right there. Expecting whatever comes out of a billionaire CEO to be wholesome was always delusional — that’s the plot you lost.

[Menoua Gharakhani Siraki @MenouaGS]

@KrisPatel99 I drink 2-3 energy drinks a day—sometimes I’ll grab a Celsius or Alani Nu, but they’re stocked everywhere: gas stations, Dollar General, Walmart, you name it. If you’re not a regular energy drink consumer, you probably wouldn’t even notice them.

[Menoua Gharakhani Siraki @MenouaGS]

@KrisPatel99 I miss MTV Cribs

[Menoua Gharakhani Siraki @MenouaGS]

@Sam_Badawi I came across Everpure, formerly known as “Pure Storage,” back in 2024 — could’ve owned it in the $40-$50 range . It tends to bounce back into that $40-$60 range given the cyclicality of the storage industry. Right now it’s catching a momentum wave.

[Menoua Gharakhani Siraki @MenouaGS]

@nntaleb 😂😂😂😂

[Menoua Gharakhani Siraki @MenouaGS]

@fundstrat @SBF_FTX 😑😑😑😑😑😑😑😑

[Menoua Gharakhani Siraki @MenouaGS]

Listening to ServiceNow's Q1-26 earnings call was like listening to an argument at an Italian family's home in Long Island.

Now here's the thing with $SERVICENOW: it has always traded at high EV/REVENUE multiples. Looking back at Q4-2020, the EV/MULTIPLE topped at 85.4X.

Revenue Growth seems fairly consistent, but the biggest takeaway that people haven't thought about is that the race to the A.I. finish line is overcrowded, and to put it simply, not every company will take significant share based on its respective vertical.

[Menoua Gharakhani Siraki @MenouaGS]

I mean, stop and think about the notion of what intelligence even is. Humans and animals, when faced with a new situation, can figure out a way to accomplish a task.

Silicon Valley is selling you a false narrative about LLMs — not even just selling a false narrative, but fooling non-technical people.

If you have money invested in these publicly traded companies, I know you’ll deny and deny, which is fine.

But please stop lying to yourself.