Daily Alpha · YouTube
· Post-Market Alpha · by Buzzberg Research
Who was talking 43 videos · 12 channels
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1 video · 2h 24mBloomberg Surveillance guests said hyperscaler debt issuance has widened spreads, and Ashok Bhatia prefers short high-quality IG over AI hyperscaler debt.
Bloomberg Surveillance frames the pullback as a financing test for the AI trade
Guests said chip shares have corrected sharply from their highs while heavy hyperscaler investment-grade issuance has widened spreads. Bob Michele sees policy rates and Treasury yields converging around 4.5%.
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UNG -0.1% · NVDA -7.9% · PLTR -9.7%Wedbush's Bryson says AMD met the bar on gross margin
Matt Bryson said AMD's 55% gross margin matched what management had guided, and guessed the roughly $17B Q4 revenue outlook reflects strong compute demand and a well-executing Instinct ramp. Shares rose about 6% after the print.
Bill Ackman sees public equities as reasonably valued, with froth in private markets
Bill Ackman argued public equity valuations are not bubble-like relative to earnings growth and that hyperscaler AI capex is demand-driven. He placed froth in leveraged short-term trading and some private venture rounds.
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FMCC -10.8% · NFLX -2.0% · SPCX — · GOOGL -1.9% · WTI +2.4% · ANTHROPIC —China reportedly told banks to pause IPOs and large share sales
Citing Financial Times reporting, CNBC said Chinese regulators gave investment banks informal guidance to pause new IPO launches and large secondary share sales, after a roughly 20% drop in the onshore benchmark from its June peak.
Tavi Costa sees Brazil's post-election selloff as a contrarian opportunity
Tavi Costa said he cut Brazil exposure before the vote but now sees the post-election selloff as a contrarian opportunity because the long-run commodity and hard-asset case is intact. He also argues US rate levels are unsustainable and precious metals are deeply oversold.