Investment
Editor's Notes: * The data center sell-off was treated as a federal policy story, but the facts that check out are local. Thirty-nine of forty-five county and city measures restricting data centers passed, and Texas's governor-elect wants a permitting pause until developers supply
Investment
Editor's Notes: * Korea and Japan fell 6% on Friday over a US data center moratorium that no one has drafted, while the US names at the centre of it, AMD (AMD), Lam Research (LRCX) and Coherent (COHR), rose 8 to 14% the same day. Asia is now the
Investment
Editor's Notes: * Micron (MU) fell 17% and Nvidia (NVDA) 9% on Thursday, and the explanation making the rounds is Democratic permitting risk. The simpler one is that both Micron and SanDisk (SNDK) have done exceptionally well this year, and a crowd that size does not leave quietly. AMD
Investment
Editor's Notes: * The market read the projected Democratic sweep as gridlock, and priced it in one session. Yields fell on expectations that neither side can pass large spending, managed care and hospitals rallied on reduced risk to Medicaid and ACA subsidies, and solar names rose as IRA credits
Investment
Editor's Notes: * Palantir (PLTR) doubled revenue and saw US commercial sales pass government sales for the first time, yet the stock fell because new commercial contract value grew 11% against 153% the quarter before. The same day Gartner (IT) fell on slower contract value growth and Dynatrace (DT)
Investment
Editor's Notes: * Amazon (AMZN) has lined up $80bn of borrowing secured against the hardware it buys, drawable from next year through 2028. A week earlier Broadcom (AVGO) backstopped a $63bn vehicle that buys chips and leases them to Anthropic. Hyperscalers and AI labs are now financing accelerators the
Investment
Editor's Notes: * The $6.3bn Binance theft is the biggest financial heist ever recorded, but the number that matters more is $2.4bn. That is how much Tether and Circle were able to freeze within hours. In plain terms, the two biggest dollar stablecoins can stop stolen money
Investment
Editor's Notes: * Reddit (RDDT) fell sharply after saying traffic from Google search dropped a lot last quarter, and got worse toward the end. Two days earlier, Alphabet (GOOGL) said its own Search growth slowed for the same reason: more people are using AI Mode, which answers the question
Investment
Editor's Notes: * Alphabet (GOOGL) doubled its cloud revenue and lost $500bn of market value. Microsoft (MSFT) grew slower and rose 5%. The difference was free cash flow, negative $9.1bn at one and positive at the other, which tells you what the market is now paying for. Growth
Investment
Editor's Notes: * Vertiv (VRT) doubled its orders and SK hynix (000660.KS) earned an 80% margin, while Landstar (LSTR), C.H. Robinson (CHRW) and Old Dominion (ODFL) fell double digits on weak freight volumes and Lennox (LII) on a residential slowdown. There are two economies now. One is
Investment
Editor's Notes: * Anthropic's S-1 shows compute at about half of revenue now against twice revenue a year ago, and revenue per compute dollar rising from 40 cents to just over two dollars. Read from the hardware side, that means AI revenue grew roughly three times
Investment
Editor’s Notes: * Software and database names rose on the Anthropic filing while chip equipment fell, and Akamai (AKAM) came away with a seven-year hosting agreement. That detail matters. A large AI lab placing a long-term commitment with a content delivery company, not just the hyperscalers, suggests the