Daily Alpha · YouTube
· Post-Market Alpha · by Buzzberg Research
Who was talking 44 videos · 12 channels
Custom silicon capture
1 video · 20mNvidia is extending its economics into custom XPUs, networking and HBM rather than treating ASICs only as substitutes.
Nvidia projects rising compute economics per gigawatt
Nvidia CEO Jensen Huang stated that Nvidia's compute economics per gigawatt are expected to rise from $18 billion for Hopper to $25 billion for Grace Blackwell and over $40 billion for the Vera Rubin generation.
Delivery separates demand from revenue
2 videos · 1h 14mStrategic capex remains durable, but power, permits and physical groundbreakings are gating recognized economics.
Divergence between application software and infrastructure/cyber
Keller observes a market preference for usage-based infrastructure and cybersecurity over application software, as the former offers short-term earnings certainty in an uncertain macro environment.
Data center infrastructure faces political and delivery risks
While AI demand remains robust, the data center build-out is encountering negative political narratives and delivery delays, with 60% of approved 2027 projects yet to break ground.
Term premium outlives the meeting
2 videos · 2h 28mHard-asset strength and a structural fiscal premium argue against equating one Fed decision with long-end relief.
Fed credibility and hard asset outperformance
Bob Elliott argues that Fed credibility is eroding due to policy inaction despite high inflation, leading to a structural outperformance of hard assets (gold, oil, copper) over soft assets like stocks and bonds.
Treasury term premium as a structural trend
David Solomon views the rise in long-term Treasury term premiums as a durable trend driven by fiscal spending, embedded inflation, and growth, rather than a temporary market disruption.