Richard Payne

[Ben Pouladian @benitoz]

Google sold stock this week to fund AI capex. Meta, Microsoft and Amazon are weighing the same

The same week, NVIDIA pledged to return over 50% of free cash flow to shareholders

Customers are diluting to buy the chips. The vendor is handing cash back

The Equity Leg Opens

[Eric Schmitt @Eric_Schmitt]

As America approaches its 250th birthday 55% of Democrats would rather live in another country.

As an American, I take no pleasure in posting this. This is nuts.

[Human Progress @HumanProgress]

Bjorn Lomborg did not deny climate change, but treated it as one problem among many.

The past 20 years vindicate his position: emissions are rising more slowly than feared, disaster deaths have fallen, and poverty remains a more acute threat than climate.
https://t.co/mHYY0azefv

[Andrew Feldman @andrewdfeldman]

Last month, @cerebras IPO'd in the largest semiconductor IPO in history.

In 2016, we started with a vision, a little bravado, and two contrarian bets.

We saw AI on the horizon.
And for computer architects, big new workloads are exciting opportunities.

Absent a new workload, the status quo dominates.
For nearly 30 years the server chip market was a two company game.

@intel & @AMD's x86 chips had powered every PC and laptop and most servers for generations.
It was nearly impossible to break in.

But when mobile computing emerged, neither Intel nor AMD won any share.

@Arm won it all.
A new workload.
A new winner.
15 years later, the cell phone processor market is 100% ARM.

The same had been true for graphics workloads.
The obvious answer would have been for existing x86 processor companies to win.

But a new player -- Nvidia won -- with a new part.
A part optimized exclusively for graphics.
A Graphics Processing Unit, the GPU.

With history as our guide, the Cerebras founders bet that AI would be next.
That it would require a new architecture. A dedicated one.

From the ground up, optimized in every way for AI work.
So we set out to build it.
Not a modified GPU.
A clean sheet design.
Designed for AI and only AI.

Our bet was 100% contrarian.
It turned out to be dead right.

Every major shift in computing creates opportunity.

Catching the opportunity requires some vision, bravado, the will to build something new, more time than you planned and a bit of luck.

[Richard Payne @realrepayne]

@CoraQubit @itsmichaelluu @SuperLuckeee Price will go parabolic.

[Bitcoin Teddy @Bitcoin_Teddy]

ELON MUSK: "For the next few years America is likely to win the race in AI. Then it will be a function of who controls the AI chip fabrication. If more of the factories are owned by China then China will win. Right now all the chip fabs are in Taiwan. 100%. If China invades Taiwan in the near term the world will be cut off from advanced AI chips. I think it's essential for national security that we begin manufacturing our own chips in the US."

[TFTC @TFTC21]

Bill Gurley on Anthropic: "I would encourage people to read as much as they can about Anthropic. I don't think they think they're writing software. I think they're midwifing a deity."

Jason Calacanis: "They believe they're so powerful that they can create God."

[Parker Lewis @parkeralewis]

Bitcoin is volatile for a reason. The path to adopting bitcoin is not a security but instead understanding why it stores value. You will spend 40,000 hours of your life trying to make money. It's worthwhile to spend 100 hours figuring out how to keep it.
https://t.co/VMToEi60zR

[Beth Kindig @Beth_Kindig]

Intel and AMD have reported raised CPU prices by 10% to as much as 35% QoQ, as tight supply faces strong demand.

$INTC $AMD $NVDA

[Richard Payne @realrepayne]

@simonmaechling @BillKingHouston Bill King does not understand the difference between lying & negotiating. Trump strings his opponent along until he gets what he wants. It made him a multi billionaire & President twice. It works well. Strait of Hormuz is closed, but the economy is booming. Pure genius!

[Mila Joy @Milajoy]

After working for 40 years, the average Social Security recipient gets $1850/month.

After being in America for 40 minutes, the average illegal “refugee” gets $3874/month.

And red or blue, that should PISS EVERYONE OFF.

[Bitcoin Teddy @Bitcoin_Teddy]

🇺🇸 Jamie Dimon, CEO of JPMorgan Chase, said it out loud:

Your kids will work 3.5 days a week. Live to 100. AI is going to cure cancer, stop car crashes, make new materials, save lives.

"Life will be better."

He's not a tech bro dreaming out loud. This man runs the money.

[Michael Girdley @girdley]

Stop whatever you are doing and buy land here.

[Grok @grok]

@TheophilePeter @IPONewsroom_ SpaceX is expected to price June 11 and start trading on Nasdaq June 12, 2026.

Nasdaq opens 9:30 AM ET / 2:30 PM BST. That's when shares become available to buy on the open market through brokers. High demand expected, so it could be volatile.

[Anish Moonka @anishmoonka]

Google has more AI computing power than almost anyone on Earth. This week it agreed to pay SpaceX nearly a billion dollars a month to rent more.

The exact figure is $920 million a month, from October 2026 through June 2029. For that, Google gets to use about 110,000 NVIDIA chips, the kind nearly every AI company is racing to get its hands on. Over the life of the deal, that comes to about $30 billion.

Google already runs some of the biggest data centers on the planet, the warehouse-sized buildings packed with computers that run AI. The reason it is renting from SpaceX comes down to timing. Google's AI assistant for businesses, Gemini, is catching on faster than the company expected, and it wants extra computing power fast while it builds more of its own. Google called the SpaceX deal a short-term bridge. Its parent company, Alphabet, is still spending more than $180 billion this year on data centers of its own.

The chips SpaceX is renting out come from a set of data centers called Colossus, built by xAI, Elon Musk's AI company, which he folded into SpaceX earlier this year. SpaceX now rents that computing power by the month, and Google isn't even its biggest customer.

Anthropic, the company behind the Claude chatbot, agreed in May to pay SpaceX $1.25 billion a month through 2029, about $15 billion a year, for a full Colossus site near Memphis. Google's deal is for roughly half that much computing power.

Put the two together and SpaceX has signed more than $70 billion in deals just to rent out AI computing. The whole company, from its rockets to its Starlink internet service, brought in about $18.7 billion last year. So in a matter of weeks SpaceX has lined up AI rental income worth almost four years of everything else it does. And it did it right before going public on June 12, in what is set to be the largest stock market debut in history, valued near $1.75 trillion.

[PlanB @100trillionUSD]

AI (gemma4:12b) understands bitcoin better than most humans, and certainly better than most traditional media😂

[Dustin @r0ck3t23]

For twenty years we bet the future would be weightless.

Money would leave metal and become code.
Intelligence would leave the skull and become software.
Reality itself was supposed to become optional.

Today the bet is unwinding.

Nasdaq down 4%.
A trillion dollars erased from semiconductor stocks alone.
Nvidia. AMD. Micron. Broadcom. All bleeding.
Meta down 5% trying to raise billions just to stay in the race.
Bitcoin and Ethereum dragged down with them.

The smartest trade of the decade is unraveling in real time.

Money doesn’t vanish when it leaves.
It rotates.
It always finds a body.

And it’s starting to remember that everything real has weight.

The same lesson is buried inside the AI boom.

It was sold as a war of minds.
Whose model is smartest.
Whose code is cleanest.

None of it runs on cleverness.
It runs on power, silicon, land, and cooling.
It runs on physics.

The labs are building gods.
The gods need a body.
And the body has a landlord.

Anthropic.
$1.25 billion a month.

Google.
$920 million a month.

Two of the most advanced labs on Earth.
Renting the ground they stand on.
From SpaceX.

$26 billion a year.
Contracted. Locked. Signed.
Before a single rocket leaves the pad.
And this is only the part still bolted to the Earth.

While the smartest people alive fought over software, one man went and bought the physics.

Now he goes public.
June 12th.
The largest IPO in human history.
$75 billion raised.
$1.75 trillion in value.

People think they’re buying a rocket company.
They are buying the floor under the entire age.

For a generation we poured our faith into things we could never hold.
Coins with no country.
Minds with no body.
A world we hoped would finally let us leave the physical one behind.

Reality just sent the invoice.

The future was never in the cloud.
The cloud was always sitting on the ground.
And someone already owns the ground.

[Richard Payne @realrepayne]

@BillKingHouston @MikeLevin Question directed to the complainer Levin

[Cerberus @DoomDotOrg]

First - it won't be over soon. It will continue to rise quickly for the next two years. We're about $2T in to a $10T spend. But the market wants to front run that. So Nvidia needs other catalysts and soon. Here's a few:

1) Balance sheet holds Marvell, Lumentum, Nokia, Nebius, Anthropic, Open AI etc.
2) Fortress of cash for buybacks.
3) Sovereign wealth spend ramp up on the horizon,
4) Market share of explosive CPU spend.
5) Robotics and Automotive

and finally, the ace in the hole - Jensen. He's always 5 steps ahead. He's a legend. And I'd never be in without him there.

There's certainly a valid bear case, but I'll leave that to morons like Burry.

[the Fundamental Investor @theFInvestor]

@MarketPalmer_ Yeah, $NVDA is gonna be #1 or at least top 5 for the next decade.