Daily Alpha · YouTube
· Premarket Alpha · by Buzzberg Research
Who was talking 56 videos · 9 channels
AI capital and safety
2 videos · 2h 27mOpenAI targets $30B at a $1.4T valuation and pushes its IPO to at least next year; enterprise revenue grew 100% quarter over quarter; Trump signs a voluntary AI safety accord and rejects new federal rules.
Micron earnings positioned as AI-cycle bellwether
Bloomberg flagged Micron's after-the-close earnings as a key next-24-hours event, noting the stock has become one of the market's darlings as of late.
Wei Li: AI capex competition for capital plus energy disruption drive long-duration underweight
Li said BlackRock has been underweight long duration for a long time, citing two accelerating forces: competition for capital from AI capex (hyperscaler capex rising 50%) and geopolitical fragmentation with energy disruption and oil increasingly correlated with rates at levels not seen since the 1990s.
Rates and duration
1 video · 48mThe 30-year Treasury hit a 24-year high; BlackRock stays underweight long duration on AI capex competing for capital; Bloomberg strategists float 6% yields and warn equities only absorb rates until earnings disappoint.
Wei Li: AI capex competition for capital plus energy disruption drive long-duration underweight
Li said BlackRock has been underweight long duration for a long time, citing two accelerating forces: competition for capital from AI capex (hyperscaler capex rising 50%) and geopolitical fragmentation with energy disruption and oil increasingly correlated with rates at levels not seen since the 1990s.
Memory and AI supply chain
1 video · 1h 39mMicron earnings were framed as an AI-cycle bellwether; HBM suppliers are negotiating long-term premium contracts on 80% of supply; Korea's August industrial output fell 2.2% while semiconductor exports surged 209%.
Micron earnings positioned as AI-cycle bellwether
Bloomberg flagged Micron's after-the-close earnings as a key next-24-hours event, noting the stock has become one of the market's darlings as of late.
JPMorgan and Goldman data show Hormuz flows near prewar levels but diesel/gasoline only ~58%
Abeer said JPMorgan estimates flows through the Strait of Hormuz at about 98% of prewar levels while other products including diesel and gasoline are just over 50%, and Goldman estimates the global oil market roughly balanced in September; she stressed this does not mean safety has returned and shipowners are merely learning to navigate the risk.
Gavin Baker: Anthropic S-1 will 'break a lot of people's brains'
In a replayed clip, Gavin Baker argued macro/value investors wrongly assume AI tokens are subsidized and will collapse, asserting Anthropic is generating cash and the overwhelming majority of tokens are profitable across the chain.
Meta president details Muse monetization and data-center community compact
Meta president Dina Powell McCormick said Muse is the number one downloaded app, that monetization could include taking a fee when Muse saves users money plus subscriptions, and that Meta commits to paying for its own electricity and driving local electricity costs down, citing a $50,000 teacher bonus in Richland Parish, Louisiana.