There is a graveyard in American tech right now and nobody is walking through it. Companies down 70, 80, 90% from the highs. Still profitable. Still growing. Still the leader in their category. Just unloved. The Trade Desk at 9x earnings. PayPal at 12x with $6 billion in free cash flow. Adobe at 17x and people are talking about it like it’s Kodak. Etsy at 8x EBITDA running a marketplace that two billion people have heard of. Roku trading below its own balance sheet liquidation value if you squint. Match Group, Zoom, Pinterest — each of these would have been a hedge fund’s top pick at this multiple in 2017. Now they’re orphans. Everyone is buying the Mag 7 because the Mag 7 is the trade. The Mag 7 IS already the trade. The trade is over. The next trade is in the rubble pile. You don’t get rich buying what worked. You get rich buying what stopped working for reasons that turn out to be temporary. Every name on that list was a market darling 36 months ago. The fundamentals didn’t fall 80%. The narrative did. Narratives come back. Earnings compound. I’m not buying NVDA at 45x. I’m buying the names CNBC won’t say out loud anymore
🚨 Sam Altman warns OpenAi and Anthropic are experiencing severe pullback on Ai spending as companies put significant restraints on spending to restrict costs. The company warns investors it’s the first time this has happened in Ai and something we never expected. The buildout costs aren’t sustainable to allow profitability to hyperscalers or end users.
$soxx $dram
Será bom se fizerem :
Braskem #BRKM5 em negociações para uma recuperação extrajudicial objetivo é ter adesão de 1/3 dos credores p suspender pagamentos da dívida por 90 dias até acordo definitivo.
Evitaria uma RJ preservando valor e reduzindo impactos operacionais.
Junta isso com a melhora recente do ciclo petroquímico e da forte recuperação dos bonds (+44% em 3 meses)
QUE PORRADA SEM PRECEDENTES...
Puxaram CSMG3 mais de 12% no leilão de fechamento após a notícia.
Papel fechou com a maior alta diária desde 2022, +13%.
Shorts aniquilados... imagina o desespero de estar short e ser pego no contrapé assim e sem chance nenhuma de reação.