Daily Alpha · YouTube
· Post-Market Alpha · by Buzzberg Research
Who was talking 65 videos · 15 channels
Fed credibility
1 video · 11mWang separated front-end non-hike relief from a long-bond credibility selloff.
Warsh’s broader inflation gauge was not auditable
Joseph Wang argued that Warsh’s 2% commitment became less auditable after the chair said he also uses a broader, undisclosed set of inflation data.
Memory contracts
2 videos · 5h 10mJang sees durable HBM bookings; 3PRO attributes part of Korea’s overshoot to leverage liquidation.
SK Hynix’s HBM position is booked under long-term contracts
Kindred Ventures founder Steve Jang argued that SK Hynix remains solid in AI compute for the next two years and is booked under long-term contracts, while acknowledging that expectations had been very high.
Credit and leveraged liquidations amplified Korea’s overshoot
The 3PRO panel attributed part of the Korean selloff to frightened retail investors and liquidation of credit and leveraged accounts; the panel said the feared deterioration in AI demand had not yet appeared.
Contracted infrastructure
1 video · 9mStonepeak distinguishes contracted data centers from dotcom-era fiber.
Contracted data centers differ from dotcom-era fiber
Stonepeak co-founder Michael Dorrell said long-term contracted data centers are materially different from dotcom-era fiber, even though he expects both winners and losers in the current buildout.