Peter Tchir - Buzzberg

Date	Ticker	Direction	Thesis	Source
Feb 13, 2026	SOFTWARE SECTOR /IGV	SHORT	Tchir notes we are transitioning to a world where AI disrupts companies with high margins that rely on people and intellectual property, rather than physical assets. The "AI Fear Trade" is targeting companies where headcount can be decimated by LLMs. Investors are unwinding leverage in these names, viewing them as the "victims" of the next industrial revolution. SHORT Software and high-margin tech services that lack physical moats. AI productivity gains could eventually boost margins for these companies rather than destroy them.	Bloomberg Markets Bloomberg Surveillance 2/13/2026...
Feb 13, 2026	URA /ENERGY /MATERIALS	LONG	Tchir states, "I still love Uranium... I don't see a world that doesn't realize they need nuclear anymore." He emphasizes companies producing "real tangible things, pulling things out of the ground." As AI data centers demand massive electricity, nuclear/uranium becomes a critical bottleneck. Additionally, in a geopolitical fragmentation scenario ("Greenland," "China"), domestic resource production becomes a premium asset. LONG Uranium and physical commodities. Regulatory hurdles or a sudden drop in energy prices.	Bloomberg Markets Bloomberg Surveillance 2/13/2026...