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17:41
May 29
NVDA GOOGL TSM
The article explicitly contrasts 'Apollo’s $38 billion debt raise for Google’s TPUs (not NVIDIA’s GPUs) for Anthropic,' signaling that a major capital allocation in AI infrastructure is bypassing NVIDIA's GPU platform. This directly challenges NVIDIA's narrative of irreplaceable dominance in AI training/inference. Risk: NVIDIA's data-center revenue still dominates; one deal does not prove a trend, but the scale ($38B) is material and the author's framing implies this is a leading indicator.
NVDA WATCH
The debt raise funds Google's TPUs, validating Google's custom silicon strategy as a credible alternative to NVIDIA. This reinforces Google's position in the AI hardware race and could lead to increased TPU adoption by other large customers. Risk: TPU revenue is embedded in Google's overall business and not separately disclosed; the debt raise is for Anthropic's exclusive use, not a broad commercial win.
GOOGL WATCH
Google's TPUs are manufactured by TSMC. A $38 billion commitment to TPU hardware directly translates to increased wafer starts and advanced packaging demand at TSMC, likely accelerating TSMC's revenue from custom AI chips. Risk: TSMC's capacity is already tight; the incremental demand may require allocation from other customers, and pricing power could be offset by long-term contracts.
TSM WATCH
05:43
May 29
SOXX 1ST QQQ 1ST ADBE
Author increased bearish bet on semiconductors by rolling puts on the SOXX ETF, adding capital at risk.
"I rolled my SOXX and QQQ puts at a debit, increasing my capital at risk in both cases."
SOXX SHORT medium-term
Author increased bearish bet on large-cap tech by rolling puts on the QQQ ETF, adding capital at risk.
"I rolled my SOXX and QQQ puts at a debit, increasing my capital at risk in both cases."
QQQ SHORT medium-term
Author highlights Adobe's 65% price decline, below-intrinsic valuation at 0.91x IV15, and strong 45% QoQ growth in Firefly Foundry generative credit usage — suggesting potential upside if the product momentum and valuation re-rate. Risk: Continued macro headwinds for high-growth software stocks; Firefly monetization may take longer than expected.
ADBE WATCH
HIGH
16:00
May 07
ADSK 1ST CRM 1ST
The author has closed a previously held long position in ADSK, taking a small profit. This indicates they are no longer holding the stock.
"Today I sold my positions in CRM and ADSK at small profits."
ADSK AVOID short-term
The author has closed a previously held long position in CRM, taking a small profit. This indicates they are no longer holding the stock.
"Today I sold my positions in CRM and ADSK at small profits."
CRM AVOID short-term
HIGH
15:09
Apr 10
PLTR 1ST
The author is maintaining a short position in Palantir, held via puts, which was established in the prior fall based on a thesis detailed in previous articles.
"As you know, I have been short Palantir since the fall, through puts as expressed in two articles: Palantir's New Clothes and Palantir: An Accounting."
PLTR SHORT medium-term
HIGH