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Next edition in 2791 min Nov 13, 2026, 16:00-23:00 Lisbon
Premarket Alpha Midday Alpha Post-Market Alpha
Daily Alpha Post-Market Alpha by Buzzberg Research

What changed since midday

Nvidia's board reportedly approached Arm CEO Rene Haas as neocloud stocks fell on concern that Colette Kress pulls back Nvidia's financing support; Anthropic's CEO pitched conservative compute buying on the IPO roadshow; Boston Fed's Susan Collins signaled additional tightening soon.

Main narratives

day change
01

Nvidia's board approached Arm CEO Rene Haas about succeeding Jensen Huang, per the FT

Nvidia's board has approached Arm CEO Rene Haas about the CEO job, per the FT, as relayed by @kawzinvests and @unusual_whales. Haas spent about seven years at Nvidia and is one of several candidates; Colette Kress, CFO since 2013, holds the seat for now. A post quoting Kalshi said Nvidia added nearly $100 billion after the report. @TheValueist asked why Haas would take the job and expects more bad news to come out.

NVDA -3.0% · ARM -6.9%
02

CoreWeave, IREN and Nebius fell about 10% on concern that Kress pulls back Nvidia's financing support for neoclouds

Per @kawzinvests, Reuters reports Kress and her staff clashed with Huang over financing deals for customers. Since July, Nvidia has offered to rent back unused GPU capacity from neoclouds at a fixed rate, which helps them borrow, yet some CoreWeave bonds recently yielded above 16%. The concern is that a pullback would make neoclouds pay more to borrow and build less. @michaelsikand expects Kress to say around earnings that Nvidia stands by its commitments.

CRWV -8.5% · IREN -8.8% · NBIS -12.4% · NVDA -3.0%
03

Amodei pitched Anthropic's compute buying as deliberately conservative as the IPO roadshow got under way

In a fireside chat with JPMorgan's Jamie Dimon, Anthropic CEO Dario Amodei described buying modest amounts of capacity in advance at low cost and relying on spot availability for upside, and cited a cash cushion, fast revenue growth and gross margins better than competitors, per CNBC. Per Bloomberg, the IPO could raise up to $90.4 billion when it prices on Nov. 18. Bill Ackman said he is willing to examine a larger investment.

04

Boston Fed's Collins says additional tightening is likely warranted soon as inflation spreads beyond energy

Susan Collins said inflation is still too high and appears to be spreading beyond energy, and that additional tightening will likely be warranted before long, without committing to a size or pace. She named AI-related borrowing among the forces influencing longer-term interest rates. Peter Boockvar expects a December hike but sees the Fed possibly near the end of a tweaking phase, and pressure on AI spenders to slow capex growth after a 2027 peak.

Themes of the session

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Z-score shows how far this edition's mention count is above or below the theme's own average across 20 comparable earlier editions. +2.7σ means mentions are 2.7 standard deviations above that average — simply, the theme is being mentioned much more often than usual. It measures attention, not bullishness or expected return. Themes need at least 8 posts; gold begins at +2σ, and σ is hidden when history is too thin.
Payments & Fintech +1.4σ
TOST +3.0% · NU +10.4% · XYZ +0.8%
+5 more FISV — · YOU — · V — · PYPL — · SOFI —
13 posts 10 voices base 7.2
AI ASIC +1.2σ
ARM -6.9% · AVGO -6.3% · MRVL -6.8%
+2 more ALAB — · SNPS —
40 posts 23 voices base 21.9
AI Compute +1.1σ
NVDA -3.0% · AMD -10.9% · CBRS +8.9%
267 posts 123 voices base 125.6
AI Hardware +0.9σ
SMCI -2.3% · DELL -8.7% · FROG +2.2%
+5 more HPQ — · SANM — · FLEX — · HPE -5.3% · TEL -0.7%
18 posts 12 voices base 11.3
Construction & Infrastructure +0.8σ
HROW +6.5% · EME -0.5% · MBGAF -0.4%
+3 more WCN — · INLF — · DE —
9 posts 6 voices base 6.5
NeoCloud +0.3σ
NBIS -12.4% · IREN -8.8% · CRWV -8.5%
65 posts 42 voices base 55.4
Crypto Assets +0.2σ
BTC -4.1% · ETH -4.1% · HYPE -1.1%
+10 more SOL — · ZEC — · LIT — · XPL — · HEX — · ETHFI — · BNB — · AVAX — · ZK — · ZRO —
45 posts 26 voices base 41.4
GLP-1 / Obesity +0.2σ
LLY +1.0% · VKTX +5.4% · HIMS -1.5%
8 posts 7 voices base 6.1
Volatility +0.2σ
VIX — · UVXY +8.5% · VIXY —
+1 more VVIX —
8 posts 4 voices base 6.8
Software & SaaS +0.1σ
U +4.4% · APP +3.2% · ZETA -3.8%
+6 more PLTR — · NOW — · DOX — · DND — · DOCU — · ADBE —
24 posts 15 voices base 22.6
Equity Indexes -0.0σ
SPY — · QQQ -1.9% · ES=F —
+21 more SPX — · VOO — · SCHD — · EWY -2.5% · MES — · BSE — · NKY — · EWT — · NDX — · QUAL — · IWF — · RSPD — · DIA — · TOPT — · RSP — · MERVAL — · VTI — · VBR — · VXUS — · VSS — · SPMO —
78 posts 48 voices base 79.7
Networking & Photonics -0.1σ
LITE -6.7% · CSCO -7.2% · AAOI -8.2%
+10 more COHR — · CRDO — · ANET -5.6% · ALMU — · POET — · AXTI — · GLW — · CIEN -6.8% · APH -2.7% · SIVE —
29 posts 14 voices base 30.1
Pharma & Biotech -0.2σ
TGTX -1.6% · REGN -0.1% · AZN +0.0%
+8 more MRNA — · SLS — · JNJ — · KOD — · IOVA — · NTLA — · 207940.KS — · 068270.KS —
14 posts 9 voices base 16.1
Hyperscalers -0.3σ
MSFT -0.3% · META +2.1% · AMZN -1.2%
+2 more GOOGL -1.5% · ORCL —
69 posts 36 voices base 105.5
Positioning Market Radar →

Buying / adding

3 positions · 3 voices

Selective / waiting

2 positions · 2 voices

Fading / not buying

3 positions · 3 voices
YouTube
54 videos · 21h 57m Anthropic's CEO framed compute buying as conservative, Boston Fed's Collins signaled more tightening, and Cerebras's CEO said its builds are behind schedule. Open the desk →
X
2431 posts X focused on Nvidia's approach to Arm's Rene Haas and the neocloud financing risk if Kress pulls back, while Korea's chip association argued Huang's exit could give memory makers more leverage. Open the desk →
Reddit
491 threads Reddit split between Nvidia dip-buyers and sellers, while r/stocks commenters warned about Nvidia's circular financing of CoreWeave. Open the desk →
Substack
2 letters Capital Flows argues inflation swaps still price a deceleration the data does not support. Open the desk →