So I guess the big question I have. If cost / GW is going up, and the hyperscalers are completely willing to pay it, how much pricing power do they have on the labs/AI compute users (inc SNOW/software now). It seems like cloud going to get a lot more expensive
@ContrarianCurse Which part of the bottleneck trade? Would imagine absent a large $NVDA rally a large Microsoft rally wouldn’t really pull a lot of incremental capital from mem/cpu since there isn’t a huge overlap between short $MSFT and long $ARM/$AMD/$INTC. Really it just comes back to $NVDA.
To everyone wondering why $NVDA and $AVGO are lagging, just look at share of $NVDA eps as prop of total data center costs. Value semiconductor stock never the place to be in an upcycle
$SATS feels like a v interesting situation here imo. On one hand if spaceX ipo prices high it trades at a big discount. On the other hand it’s an obvious funding vehicle if you’re long private shares and want to sell locked shares