Daily Alpha · YouTube
· Post-Market Alpha · by Buzzberg Research
Market rotation from AI capex spenders to infrastructure receivers
The market is actively punishing hyperscalers (Google, Tesla, Meta) for massive capital expenditure increases while rewarding AI infrastructure and memory providers (Micron, SK Hynix, Bloom Energy) that benefit from this spending.
Red Sea shipping attacks threaten oil supply
Houthi attacks on Saudi oil tankers in the Red Sea have resumed, threatening the 4 million barrels per day of crude that Saudi Arabia had rerouted through the region to bypass disruptions at the Strait of Hormuz.
Equities Risk at 5% Treasury Yield
Peter Boockvar argues that a 10-year Treasury yield reaching 5% would cause significant pain for equity markets, noting that rising global yields, including in Japan, remove traditional safe havens.
AMD Helios and Venice processors enter full production
AMD CEO Lisa Su announced that the Helios rack-scale system and Venice processors are in full production, claiming a 30x performance improvement over the previous generation.
Blackstone's AI infrastructure pivot driving earnings growth
Blackstone reported a 26% year-over-year increase in distributable earnings, which management attributes to a strategic pivot into AI-related assets including data centers, energy, and cloud infrastructure.