Oli

DID $INTC EXPLODE??! Yes. Kinda..

THE GREAT AI BUBBLE McDonald’s full. KFC full. CEX was the only place still taking applications. Wish me luck. Shift starts Saturday.

Who's coming to save this market, and when? Suspected Binance hack. Mag 7 selloff. Midterms next week. War ongoing. $BTC -2.8%. Nasdaq -2.5%.

WHAT HAPPENED TO $INTC?? -19% after hours. > A fab EXPLODED in Israel: -$300M revenue, -200bps margin > Q4 EPS guide: $0.25 vs $0.43 expected > PC chips missed, with weakness guided into 2027 > This morning, Musk said Terafab is talking to TSMC A beat on Q3. A disaster on everything after it.

$IREN: Short story. 1 gif later. “No time to explain.” Not sure why Frans has turned so sensitive😂😭 Market is getting to some people..

No time to explain. @chiptomunk

$IREN is falling more than most today. Neoclouds and data centre names are all lower after $GOOGL and $MSFT earnings. Is the market reading Microsoft's "third-party capacity delays" as IREN? What do you think is driving today's dip?

$IREN director Mike Alfred has joined $OPEN's board. He sits on IREN's audit and compensation committees. Hopefully this signals the potential for Mike to move on from IREN to a new venture. IREN Europe launched with a new board. As IREN moves from bitcoin miner to AI cloud, I'd like to see the parent board evolve too. I don't think the current board matches the scale or direction IREN is heading. Should IREN refresh its board for the AI era?

The Mag 7 is underperforming the S&P 500 YTD. Only $AAPL and $NVDA are beating it. If the Mag 7 is lagging and high beta is down… What's driving this market higher?

Microsoft trimmed capex by $5B on "delayed third-party capacity". Under lease accounting, a delayed delivery can move billions of capex into the next quarter. It’s not necessarily $IREN or $NBIS. Microsoft rents capacity from several providers, including Nscale. Is the market overreacting?