Daily Alpha · Substack
· Post-Market Alpha · by Buzzberg Research
Gaetano trimmed AI exposure and is gradually adding back, including to hyperscalers, while Outlier Capital argues the AI infrastructure trade is being repriced rather than broken.
Gaetano trimmed AI exposure and is selectively re-entering, adding to hyperscalers
Gaetano says AI adoption is still early and cites TSMC's Q3 revenue of $46.72 billion and a Q4 guide of $52.3-54.3 billion; Gaetano trimmed some AI exposure, has been adding to hyperscalers and intends to slowly add to AI infrastructure while looking to diversify into non-AI names such as Walmart.
The cost of financing the AI buildout is making Gaetano more selective about the levels at which to add.
Watch Energy supply disruption, which Gaetano calls the main macro risk.
Source →Outlier Capital argues the AI infrastructure trade is being repriced, not broken
Outlier Capital says token prices are collapsing while the newest GPUs get more expensive to rent, and that this distinction shows what the market is selling and which bottleneck names still make sense.
Source →