Daily Alpha · YouTube
· Midday Alpha · by Buzzberg Research
Who was talking 45 videos · 16 channels
Compute incumbents
1 video · 7mJessica Lessin argues post-midterm policy friction may constrain new compute supply, strengthening incumbents that already own capacity.
Jessica Lessin says compute scarcity after the midterms favors Big Tech that already owns capacity
Lessin expects data-center projects to move forward with more community concessions, and sees scrutiny focusing on Elon Musk, crypto and Trump-aligned companies, with hearings and probes more probable than sweeping new regulation.
Ed Yardeni on his 7,900 S&P 500 year-end target: 'Santa is coming'
Ed Yardeni remains constructive on U.S. equities after the midterm outcome removed an immediate constitutional-risk overhang and produced a strong relief rally. He argues that a slower, more disciplined AI infrastructure buildout could actually improve hyperscaler profitability and cash flow, even as he flags unresolved fiscal, geopolitical, and tariff risks. His year-end S&P 500 target is 7,900, with 8,400 shifted to mid-next year and 10,000 by the end of the decade. A clear election result and more disciplined AI capex are supportive for equities, though fiscal deadlines and geopolitical uncertainties remain key overhangs.
Mike Wilson sees a late-stage correction that may need another S&P 500 decline toward 7,100-7,200
Wilson argues the correction that began in June is in its late stage, with AI-related credit supply, the midterm election and tightening liquidity as the clearing events before a durable bottom.
Everything Money reviews Anthropic's S-1 for a Nasdaq listing under the ticker NT
The presenters say most of the nearly $80B first-half loss is a non-cash charge tied to revaluing Amazon convertible notes, and stress that no price per share or share count has been disclosed.
Bloomberg: global equities rotated out of AI and chips into consumer, mining, healthcare and autos after the midterms
Crude oil's steep retreat pushed bond yields lower and lifted consumer discretionary stocks, with European benchmarks touching records even as chip and energy names lagged.