David

David, this is an absolutely atrocious take. They 100% could have started with 3P. They didn't need to rebuild a model that didn't work and one that they'd eventually disregard for the sake of 'velocity.' That could have been achieved w/ marketing.

10Y yield back above 5% The vigilantes are whispering

You don't have to call the bottom to build the watchlist. 👀 AI is a stack. My focus is on who can turn the buildout into durable earnings and what I'm paying for that growth. 🧠 COMPUTE $NVDA $TSM $AVGO $AMD $IREN Chips, custom silicon and advanced manufacturing. ☁️ HYPERSCALERS $MSFT $GOOGL $AMZN $META The infrastructure buyers can become the monetization winners. The test: whether AI revenue justifies the spending. 💡 NETWORKING & OPTICAL $CRDO $ANET $COHR $AAOI $LITE More compute needs more connectivity. Watch product ramps, margins and customer concentration. 💾 MEMORY & STORAGE $MU $SKHY $SNDK $KXIAY Supply discipline, pricing and earnings revisions. A low multiple matters only if the earnings are sustainable. ⚡ POWER $VST $BE Generation and fuel cells. Different economics, different risks. ⚙️ GRID, ELECTRICAL & COOLING $GEV $VRT Getting electricity to the rack and managing the heat it produces. ☁️ AI CLOUD $NBIS $IREN Capacity matters. Financing, utilization and returns on that capacity matter more. 🏗️ DATA CENTER CONVERSION $CIFR $WULF Watch funded projects, delivery schedules and cash returns not just contract headlines. 🛰️ SPACE $SPCX $RKLB Launch, satellite infrastructure and connectivity. A separate thesis from the data center buildout. The asymmetry isn't simply “down a lot.” It's a price that leaves room for disappointment while the business delivers more than the market expects. These aren't interchangeable bets. Owning different layers doesn't eliminate their shared exposure to AI spending. Another leg down is possible. That's why a watchlist comes before an entry, and position sizing comes before conviction. I'm bullish on the buildout. Selective about the businesses. Disciplined about the price. The goal isn't to buy the biggest decline. It's to buy the most underestimated future. Conviction without complacency. 😎 More research: hydrawealthadvisors.com/rese… Not FA. DYOR.

You don't have to call the bottom to recognize the opportunity. I'm bullish on AI infrastructure and the digital asset buildout. I'm not assuming the market has finished testing either thesis. Those are different statements. Markets have an expensive way of teaching the distinction. The bullish case is that investment in compute, memory, power and connectivity can translate into durable earnings growth. Digital assets offer a separate opportunity as adoption and financial infrastructure develop. Neither requires a repeat of 1999. Neither guarantees today's prices are cheap. Historical analogs help frame possibilities. They don't put the recovery on a calendar. What matters next is whether demand converts into revenue, margins and cash flow and how much of that success is already priced in. Prices falling while the business strengthens can create opportunity. Prices falling because the earnings case is breaking require a different response. A backlog isn't cash. A low forward P/E isn't protection if the estimates fall. And crypto adoption doesn't prevent liquidity shocks or forced selling. Another leg down is possible. So is a longer consolidation. I can remain constructive without dismissing either. The goal isn't to own everything that fell. It's to own businesses that can fund and execute their plans, at valuations that leave room for disappointment. Buy in stages. Keep leverage from dictating the exit. Leave room to add and room to be wrong. I don't need the exact low. I need the thesis to survive scrutiny and the position size to survive volatility. Meanwhile, digital-credit preferreds such as $SATA $SATS $STRC offer another way to approach the thesis: income, with issuer risk and terms that matter. Conviction without complacency. 😎 More research: hydrawealthadvisors.com/rese… Not FA. DYOR.

BREAKING: California voters just passed Prop 37. Buyers of newly built homes can now put down 3% instead of 20%. How: the state lends you the other 17% as a second mortgage, funded by up to $25 billion in bonds. On an $800,000 home that's $24,000 down instead of $160,000.

I see so many posts about $OPEN brutal sell-off yesterday, so here are my thoughts: - I still trust the management to be competent, it's not common to see this level of honesty and transparency - holding the stock sucks, IF you are not used to own high-volatility stock, yes, it's brutal. yes, that's part of the stock market game. welcome! but if you already did not sell immediately when the macro turned - meaning - we found out that rates need to go up, instead of down, as we were expecting in dec 25, jan 26. now it's too late, unless you think, they will go bankrupt. now, you will be selling into brutal capitulation, and at least me, I'am here for the long game, holding for stock to 50x. and I can do the financial model for that path, it's NOT my fantasy, retail frenzy or sth like that. there is market for that here. - I'm from Europe and the transactional inefficiencies in US real estate market are INSANE, that why my general bet here is very simple - there is sh*t ton of money being spent on unnecessary things when American ppl are buying their homes, $OPEN needs to cut this transactional bullsh*t and make it smoother, better and more ONLINE, more like 21st century stuff. if they do it, they will earn sh*t ton on money on the way. - why does it take so long? because the industry is full of regulatory barriers - mortgages? quite a hassle to do that? title, escrow? not that easy either. hopefully OMG getting rid of real estate agents? that is a big one. why this regulatory bullsh*t could be quite a good thing for you as a shareholder? because it just simply filters out the competition for Opendoor. that's why the industry is so DIFFICULT. short term it sucks, long term it could benefit the company. - so am I still holding? yes. I'm not selling for $1.4 😂 no fking way 🙂 shorts won this year, and what? congratz guys! good job. I can still make hundres of % returns, those who are short can only make 100% 🙂, I'm not here for 100% 😂 that's not my game. know your game and play in accordingly 🙂 Not investment advice! DYOR.

More demand doesn’t have to mean owning every home. Our bet: 3P becomes @Opendoor bread and butter. List is live. Buy is in beta. The three priorities from the $OPEN House:
Grow without overpaying.
Clear inventory.
Build operating leverage. Christy put Q4 marketing at around $20M, versus $5M in Q3. Q2 was also $5M - That spending helps acquire homes ahead of spring and summer. As we’ve stated, acquiring every customer doesn’t have to mean acquiring their home. List + Buy let Opendoor serve buyers and sellers without taking ownership. @nejatian pointed to roughly 9,000 true sellers already coming in each week. My take: that demand can feed Cash (1P), Cash Now, More Later (2P) and List (3P). Cash Now, More Later still means buying the home - with less capital upfront. Keep clearing the homes already owned. 3P is just getting started. I’m watching what happens when it works alongside 1P and 2P: existing demand, more ways to transact, and growth that doesn’t require owning every home. My bet: that’s how 3P will spread and scale. The products working together, not in isolation. If 3P executes, that’s what could make the whole model stronger: more transactions without tying up capital in every home. Less capital committed to balance sheet and more to move.