Daave “3 and 30” Tepper

explain your username.

.@Srasgon cuts his $INTC price target from $110 to $75, yet the server-demand story is still strong. The detail that jumped out at me: Intel is trying to shift some Oregon capacity from 18A to Intel 3. Too much PC capacity. Not enough server capacity. Bernstein puts Q4 data-center revenue around $8.4B versus $7.7B Street. But Client is headed toward $6.3B versus $8.4B Street. The PC hole swallows the server upside. My takeaway: you can be right about the CPU boom and still wrong about which stock captures it. Demand is only half the investment thesis. Capacity, product mix and margins decide who gets paid.

.@RichLightShed on the challenges for Alphabet's YouTube, which is facing increased competition for viewers watching on TV. cnb.cx/4ipzopk

I am excited to be an investor in trade(xyz) as they partner with ICE to bring 24/7 perpetual futures on Hyperliquid to the United States. As a market participant, I am looking forward to to using their innovative product to enhance my investment process.

trade[XYZ] and ICE, owner of the New York Stock Exchange, are joining forces to bring 24/7 perpetual futures on Hyperliquid to the United States. In just over a year, our markets on Hyperliquid have surpassed $650 billion in volume. They provide continuous price discovery for stocks, indices, and commodities, and have become trusted reference points for retail and institutions alike when traditional markets are closed. Much of the world trades them. Until now, Americans could only watch. We intend to change that. Subject to CFTC approval, trade[XYZ] and ICE plan to establish a new, dedicated U.S. market, with novel exchange and clearing infrastructure built on Hyperliquid. Planned contracts span equities, indices, commodities, FX, and crypto, with access through participating brokers and platforms. We’ll share more on products, eligibility, and timing as approvals progress. ICE brings more than 25 years of experience operating regulated markets, clearing, and managing risk. trade[XYZ] brings the product development, market design, and technology behind the most liquid and robust markets on Hyperliquid. Innovation and the protections of U.S. regulation shouldn’t be a trade-off. Together, we plan to prove it. ICE is making a strategic investment in trade[XYZ] and joins us in building towards the future of Hyperliquid. A small group of market luminaries is joining as well, beginning with Stan Druckenmiller. For more than four decades, few investors have anticipated the great turns in markets as often as Stan. We’re proud to have him with us for the next one. We’re building the U.S. market in parallel with our existing HIP-3 markets, which we’ll continue to expand and innovate on. We expect both to flourish. They each have a long road map ahead, from new asset classes to new ways to trade them. To the Hyperliquid community, whether you were here before us or came because of us, thank you. You took a chance on new markets and you made them matter. You’ll forever be a part of this story. Anything. Anytime. On ICE[XYZ].

ACMR “ECP” segment includes equipment for panel-level packaging and grew 204% YoY (!!) to represent 36% (!!) of company revenue. That’s the kind of growth and materiality that shifts narrative and multiples. $acmr $amat

“CXMT has said they want to basically add an entire Samsung’s worth of supply in 18 months. They want to go from No. 6 in the market to No. 1. It’s insane how much supply is coming online in 2027.” - Paul Kedrosky, via Grant’s Interest Rate Observer

UPDATE: Bubble boi is likely in custody

That ETF flow point makes a lot of sense — at this size it's hard for the market to price each name on its own merits.

$ICLR -Cowen raises ICON target to $197 from $164 Buy -Mizuho raises target to $190 from $180 Outperform -BMO raises target to $187 from $160 Outperform -Baird raises target to $186 from $168 Outperform -RBC raises target to $185 from $126 Upgrades to Outperform from Sector Perform -Barclays raises target to $175 from $160 = Weight -Citi raises target to $165 from $140 Neutral -Bank of America raises target to $150 from $125 Underperform -JPMorgan raises target to $135 from $130 Neutral

deployed a ton of cash on a semis/wfe trade anthropic capital efficiency isn't as bad as feared $crwv / $nbis may have found a near term bottom - did not add either of these... narrative can shift fast... trading call only

$STX handling the shorts Market position too hot to handle

1/16 the ai industry is making an unusual bet: buy compute for years, sell intelligence by the token. banks, commodity merchants, airlines, utilities and cloud providers each explain a different part of the risk.