Daily Alpha · YouTube
· Post-Market Alpha · by Buzzberg Research
Who was talking 58 videos · 17 channels
Cloud selection
2 videos · 46mAWS growth and full-stack economics favor Amazon and Google over a uniform hyperscaler basket.
The AI thesis was not what the fund blowup tested
Bloomberg's panel separated the AI demand case from the concentrated leverage that forced the fund's liquidation.
Google and Amazon were favored on full-stack economics
Matt Maley favored Google and Amazon as having the full package, while placing Microsoft in an in-between category rather than treating all hyperscalers alike.
Leverage reset
1 video · 43mThe fund failure tested leverage more directly than the underlying AI demand case.
The AI thesis was not what the fund blowup tested
Bloomberg's panel separated the AI demand case from the concentrated leverage that forced the fund's liquidation.
Energy split
2 videos · 12mRefinery scarcity supports product margins while Chinese stockpiles and electrification restrain crude demand.
Exxon identified refining, not crude, as today's constraint
Exxon CEO Darren Woods said the crude-to-pump-price link is broken because refining capacity is now constrained.
China's stockpiles and electrification cap oil demand
China Beige Book's COO pointed to prior record stockpiling and electrification as reasons China's current oil need is lower.
Avi Felman disclosed buying a little Micron
Avi Felman explicitly said he was buying a little Micron after the forced-selling shock; he described the entry as dabbling rather than a full-size commitment.