Daily Alpha · YouTube
· Premarket Alpha · by Buzzberg Research
Who was talking 47 videos · 11 channels
Supplier cash flow
1 video · 48mCurrent supplier economics outrank unproven hyperscaler monetization.
Cash-generating AI suppliers outrank hoped-for monetization
Patrick Armstrong prefers processors, power-grid and infrastructure companies already receiving hyperscaler cash to the hyperscalers themselves.
Long-end supply
2 videos · 50mAttractive coupons coexist with heavy issuance and a steeper-curve bias.
Heavy issuance keeps the long end under pressure
The same bond discussion warns that substantial Treasury and corporate issuance is arriving in the long end.
Cash-generating AI suppliers outrank hoped-for monetization
Patrick Armstrong prefers processors, power-grid and infrastructure companies already receiving hyperscaler cash to the hyperscalers themselves.
Product bottleneck
1 video · 8mDeferred refinery maintenance keeps crack-spread and fuel risks elevated even with range-bound crude.
Deferred refinery maintenance leaves little product buffer
Rebecca Babin says refiners have deferred maintenance to capture extremely elevated crack spreads.
European banks offer cleaner AI diversification
Schroders' Adam Farstrup says European banks are less involved in AI financing and trade more on Europe's yield curve.
SanDisk says memory pricing power is durable
Bloomberg's Anthony Stevens says SanDisk described its pricing power as durable.