Ronnie Clements

Take time before it takes you!

[Ronnie Clements @rclementsdirect]

@StockSavvyShay @FuturumEquities Worth sizing the index hit too. NVDA is about 7% of the Nasdaq-100, so a 10% drop alone takes roughly 0.7 points off the index before any other AI name moves. Most of this knife is one stock.

[Ronnie Clements @rclementsdirect]

@StockSavvyShay The beat wasn't the problem. Nebius (NBIS) is guiding $40-45B of 2027 capex against $12-13B of revenue. Customer prepayments covered 100%+ of Q3 deal capex, so this is a funding test, not a demand miss.

[Ronnie Clements @rclementsdirect]

@WOLF_Financial NVDA near $156 premarket sits about 22% below the $200 targets Baird and Bernstein set this week, and those cuts were about leadership risk, not demand. The leadership question just got its answer. The Nov 17 print gets the next one.

[Ronnie Clements @rclementsdirect]

@garyblack00 The difference this time: Colette Kress is now both CFO and interim CEO, and she presents Q3 on Nov 17. In three trading days the numbers, not the headlines, decide whether today was the bottom (NVDA).

[Ronnie Clements @rclementsdirect]

@RealNickMugalli The quarter was strong. The selloff is the guide: FY26 revenue now at the low end of $3-3.4B vs $3.35B consensus, and 2026 capex lifted to $27B from $20-25B. Prepayments covering 100%+ of Q3 deal capex is the line that should matter by 2027.

[Ronnie Clements @rclementsdirect]

Nebius (NBIS) beat Q3 revenue at $980.8M vs $907.5M expected and still fell 10% premarket. The 2027 plan is $40-45B of capex against $12-13B of revenue. Customer prepayments covered over 100% of Q3 deal capex, so the test is funding, not demand.

[Ronnie Clements @rclementsdirect]

@GO67570570 Agreed, useful life is the swing factor. CoreWeave says $3B+ of its next $9B in prepayments comes from re-contracting existing infrastructure at premiums to the original price, which suggests older GPUs are still earning.

[Ronnie Clements @rclementsdirect]

@StockSavvyShay Anthropic's S-1 already has Google TPUs at 44% of compute spend vs Nvidia GPUs at 39% (GOOGL, AVGO, NVDA). Broadcom closed +3% while Nvidia dropped 6%+. The mix shift is showing up in the tape.

[Ronnie Clements @rclementsdirect]

@MenthorqGL @MenthorQpro You called it @MenthorqGL. CPI came in hot at 0.4%, Waller backed December, and the Nasdaq-100 still closed only down 0.6% after a 449-point swing. The hike was mostly in the price.

[Ronnie Clements @rclementsdirect]

@unusual_whales Someone's paying for March because they think the Huang probe is a headline, not a thesis. $46M in calls says the story fades before the clock runs out.

[Ronnie Clements @rclementsdirect]

@WOLF_Financial Broadcom's $161B is the biggest single line. S-1 has TPUs edging GPUs 44 to 39.

[Ronnie Clements @rclementsdirect]

Nasdaq-100 fell 367 points on hot CPI, rallied past flat on Anthropic's (ANT) roadshow, then faded to -173 (-0.6%). AVGO and AMD green, NVDA down 6%+ on the Huang probe. Can the AI bid beat a 5% 10-year?

[Ronnie Clements @rclementsdirect]

Anthropic (ANT) is targeting about $1T at IPO on an $81B revenue run-rate, roughly 12x. Its own suppliers (NVDA, GOOGL, AMD, AVGO, MU, MSFT, TSM) are buying $26B of stock at the IPO price. Is that long-term conviction, or the AI trade funding its own demand?

[Ronnie Clements @rclementsdirect]

@WOLF_Financial A $24B data-center and power build at Starbase pushes SpaceX (SPCX) deeper into the compute stack. If large-scale compute keeps migrating toward cheap power and launch, is this the next leg after Starlink?

[Ronnie Clements @rclementsdirect]

@StockSavvyShay Nasdaq-100 is up ~3% today while Nvidia (NVDA) still lags into Nov 17 earnings. If the forward multiple is this compressed, is the market pricing slower AI spend, or just the board probe into Jensen Huang?

[Ronnie Clements @rclementsdirect]

Intraday snapshot, not the close.

Nasdaq-100 is up ~3.1% today, and semis are leading — SMH +4.2%, AMD +12.6%, AVGO +8.4%. The one big AI name in the red is Nvidia, NVDA, down ~5.7% after its board opened a probe involving Jensen Huang.

With earnings on November 17, is this a temporary discount on the AI leader, or the start of a lasting key-man premium?

[Ronnie Clements @rclementsdirect]

Nasdaq-100 took ~30 days to fall to these levels. With the new Congress and Senate sworn in on January 3, 2027, does it fully recover the lost ground by the end of November—or only partially bounce and consolidate through the holidays into the new year?

[Ronnie Clements @rclementsdirect]

Larry Page is reportedly of the view that 99.999% (“five nines”) of the world’s computing will eventually end up in orbit. The claim is secondhand—relayed on a recent Invest Like the Best episode—but Elon Musk has publicly agreed with it.

At the same time, the U.S. is seeing a wave of opposition to new data centers. Martin Casado (a16z) has cited roughly 500 proposed pieces of legislation or local measures aimed at stopping or restricting data-center construction, including in Texas.

The company best positioned to capture revenue if large-scale orbital compute becomes real is SpaceX (SPCX). It already has a multi-year lead on cost per kilogram to orbit thanks to Falcon 9 reusability and the ongoing Starship program.

If Page’s number is even roughly right, the biggest beneficiary is likely the player that can put the most mass into orbit at the lowest cost—today that is SpaceX.