Daily Alpha · YouTube
· Premarket Alpha · by Buzzberg Research
Who was talking 47 videos · 11 channels
TBPN: AI risk appetite improved as Nvidia's CEO controversy tests its board
TBPN frames AI risk appetite as improved after strong cloud-compute results and rising expectations for Anthropic's IPO valuation, even as Nvidia faces a governance and national-security controversy around its CEO. Investors are weighing whether faster model portability to non-Nvidia hardware weakens the CUDA advantage.
Mike Wilson: the correction is in its late phase but may not be finished
Morgan Stanley's Mike Wilson says the correction that began in June is in its late phase, with hedge fund positioning low but sentiment not extreme enough to confirm a durable bottom. He names AI-related credit supply, the US midterm elections and tightening liquidity as clearing events that could drive a final leg lower.
Ruchir Sharma: the AI boom has bubble characteristics, with higher rates the key trigger
Ruchir Sharma argues the AI boom has bubble-like characteristics and is highly sensitive to higher interest rates. He sees a case for the Fed to hike 50bp rather than 25bp, is cautious on China and on Korea and Taiwan, and favors Indian large caps, global quality stocks and the Swiss franc.
Mark Cudmore: China and Korea will outperform Taiwan
Mark Cudmore says the US AI trade is still alive but more difficult and selective, and expects the recent run of US stock outperformance to have ended. He favors China and Korea on cheap valuations, with Korea exposed to a memory-chip shortage, and expects Taiwan to underperform.
Bloomberg: Nvidia's board meets as sell-side reaction stays narrow
Nvidia's board is reportedly meeting to weigh the CEO's departure. Sell-side reaction was narrow: a couple of downgrades and steep price-target cuts, while most analysts stayed constructive on near-term demand and earnings visibility.