CEO, Ivy Asset Management, portfolio manager of IVYAI on the JSE. AI, energy, biotech. Authorised FSP 660, FSCA-regulated. Views mine, not advice.
Johannesburg, South Africa
Joined April 2011
- Tweets7.1K
- Following694
- Followers1.1K
- Likes6.8K
Pinned Tweet
Why we built IVYAI: AI runs on chips, data, software, security and power, and leaders change. One JSE share spans the chain.
Q3 brochure: cdn.prod.website-files.com/6…
Ivy Asset Management, authorised FSP 660, regulated by the FSCA. Aggressive, high risk; capital at risk. Not advice.
Bruce Main retweeted
@StockSavvyShay is one of the best sources of investing analysis of X.
His work is elite.
Go give him a follow.
Bruce Main retweeted
The massive tech sell-off yesterday on fears around the Blue Wave delaying and disrupting the AI data center build out in the US was at a magnitude actually treating tech stocks and especially semis like this mid-term Democratic win will actually end the AI buildout in the US….and it will not! We would characterize this sell-off level and magnitude with the tech sell- offs we saw in March 2020 during Covid and the April 2025 Liberation Day sell-off…which were golden buying opportunities to own the tech winners and this one is the same 🐂🌊
Bruce Main retweeted
BREAKING: Big tech-focused hedge funds got hit hard in October as worries over AI spending rattled markets, per Bloomberg.
- Tiger Global: down 8.5%, leaving it roughly flat for the year
- Whale Rock: down about 8%, cutting its 2026 gain to roughly 34%
- VARA, which is all-in on AI: down 33%, though still up 13% for the year
Bruce Main retweeted
BREAKING: Elon Musk has said: Tesla will be winding down production of the Cybertruck at Gigafactory Texas around the middle of next year to make room for increased Cybercab production
Biotech: Boehringer: $358m upfront/near-term to Sino Biopharm, up to $7bn more, for six China ADC/T-cell engager cancer programmes.
@stoffie54 @AssetIvy
Ivy Asset Management (FSP 660) is an authorised FSP regulated by the FSCA. For information only, not investment advice.
Metals: MP Materials Q3 revenue +176% to $147.7m, GM magnet sales start Q4; China's copper import premium sits near a decade-plus high.
@stoffie54 @AssetIvy
Ivy Asset Management (FSP 660) is an authorised FSP regulated by the FSCA. For information only, not investment advice.
Week in AI: AMD data-centre revenue +97% to a record $8.5bn; Anthropic S-1: ~$17bn Q3, $895bn compute/infra commitments.
@Matthew_Bernath @AssetIvy
Ivy Asset Management (FSP 660) is an authorised FSP regulated by the FSCA. For information only, not investment advice.
Bruce Main retweeted
ELI LILLY $LLY IS PARTNERING WITH HIMS & HERS $HIMS TO SELL ITS WEIGHT-LOSS DRUGS
Hims customers will be able to get Lilly's obesity drugs at discounted cash prices directly through the platform, per Bloomberg.
- Foundayo, Lilly's new weight-loss pill: from $149 a month
- Zepbound: from $299 a month
Bruce Main retweeted
Companies are starting to pull back on AI and treat AI spending as a cost that weighs on margins rather than a source of growth, per Apollo
Bruce Main retweeted
GOOGLE $GOOGL JUST UPDATED ITS STOCK PORTFOLIO
This is what Google's stock portfolio looked like as of the end of Q3
$83.73B of SpaceX $SPCX
$912.7M of CME Group $CME
$577.7M of Planet Labs $PL
$568.0M of Arm $ARM
$548.8M of Revolution Medicines $RVMD
$547.9M of Qualcomm $QCOM
$526.4M of AST SpaceMobile $ASTS
$183.4M of Freshworks $FRSH
$158.9M of Parabilis Medicines
$127.0M of Tempus AI $TEM
$90.3M of UiPath $PATH
$53.5M of Neutron Holdings
$50.7M of Prime Medicine $PRME
$49.1M of PayPay
$37.7M of Maze Therapeutics $MAZE
$31.8M of Freenome
$25.5M of Relay Therapeutics $RLAY
$23.9M of Fervo Energy
$19.2M of Ethos Technologies
$16.8M of Obsidian Therapeutics
$14.9M of Oscar Health $OSCR
$11.6M of BridgeBio Oncology
$8.2M of Sana Biotechnology $SANA
$7.9M of Beam Therapeutics $BEAM
$7.8M of Vera Therapeutics $VERA
$4.5M of Figma $FIG
$4.4M of Monte Rosa Therapeutics $GLUE
$2.9M of Lyell Immunopharma $LYEL
$728K of Hyperfine $HYPR
Bruce Main retweeted
JSE Morning Brief 🇿🇦
JSE All Share: -1.24%
JSE Top 40: -1.30%
Industrial 25: -1.71%
Financial 15: -1.47%
Resource 10: -0.55%
Mid Cap: -1.18%
Small Caps: -0.81%
Biggest Winners (Large Caps):
- Anglogold Ashanti +1.60%
- Harmony Gold +1.03%
- Gold Fields +0.98%
- Mr Price Group +0.35%
- Reinet -0.23%
Biggest Losers (Large Caps):
- Shoprite -3.94%
- Anglo American -3.07%
- Northam Platinum -2.65%
- Valterra Platinum -2.64%
- Prosus -2.59%
USDZAR: R16.52
Gold -1.41%
Silver -1.66%
Platinum -0.37%
Palladium -2.17%
Copper -0.75%
Brent Crude +1.47%
Crude Oil WTI +1.16%
Bruce Main retweeted
BREAKING: Investors are pushing back on Anthropic’s planned $1.5 trillion IPO valuation after today’s market rout, per the WSJ.
Three major investors planning to buy into the offering told the WSJ the valuation will likely need to come down, with one saying it could land “closer to $1 trillion.” Another raised the possibility of delaying the listing, and a smaller offering is also under consideration.
Anthropic had been aiming to raise up to $100 billion the week of Nov. 16, which would be the largest IPO ever, topping SpaceX’s $86 billion in June. Executives and advisers are expected to meet in the coming days to review the plans.
Bruce Main retweeted
GOOGLE $GOOGL WILL SPEND $17B ON A NEW DATA CENTER IN WYOMING
The site in Laramie County will be Google's first in the state, per Bloomberg. Google says it will pay for all the power the data center uses.
The data center will be air-cooled to limit water use.
Bruce Main retweeted
Over a decade ago in pursuit of moving data at the speed of light..Bahram one of the world’s greatest photonic scientist!
Stay tuned @Nantworks
Bruce Main retweeted
MICROSOFT $MSFT HAS PASSED ON EXTRA DATA CENTER CAPACITY FROM AI CLOUD STARTUP NSCALE IN TEXAS
Microsoft had an option to add hundreds of megawatts at Nscale's Ward County site, but decided not to move forward because the project was still waiting on approval for a power connection, per Bloomberg.
Microsoft also pulled out of a UK data center deal with Nscale last month.
ALT Photo Credit: Eli Hartman/Bloomberg