Calls3
NVIDIA's GPU revenue is partly manufactured through structured finance SPVs rather than organic end-user demand — when that engineered demand unwinds, reported revenue quality deteriorates
$214.18+11.17%
Broadcom is the structural winner of the shift from NVIDIA GPUs to Google TPUs — it co-designs the TPUs, backstops $31B of the Anthropic deal's senior debt, and its custom AI accelerator revenue is growing 143% YoY
Adobe trades at pre-subscription multiples on overblown AI fears, a fat pitch with a real moat
A blowoff top in semis means SOXX falls; Burry holds put exposure and added to it
Bentley's iTwin is the incumbent in infrastructure digital twins, locking in durable pricing power and twin spend.
Frontier AI replaces design's starting point, so Figma's structured collaborative loop erodes and its premium multiple unwinds.
Semiconductor index is mispriced as AI demand peaks on a temporary training phase and customer concentration
Tokenmaxxing is temporary saturation, not Jevons demand; GPU forecasts inflated, NVIDIA falls hardest.
MetLife is exposed to risky data center ABS it creates and offshores, vulnerable in a correlation event
Palantir gets squeezed out long term as enterprises train up their own wrappers and stop needing third party tooling