Rockyturki
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Time to focus now on Friday
"AAPL $Apple (AAPL.US)$ is by far the largest single name trade in this quarterly, with $27bn to buy for $S&P 500 Index (.SPX.US)$ and $34bn to buy if we include other indices.
Largest trade since $Tesla (TSLA.US)$ inclusion in December 2020.
S&P is adjusting the free float for Apple to 100% after Berkshire sold part of its stake earlier this year.
The rule S&P uses states that that free-float >95% will be rounded to 100%, hence, the large adjustment.
$Broadcom (AVGO.US)$ is $8.2bn...
"AAPL $Apple (AAPL.US)$ is by far the largest single name trade in this quarterly, with $27bn to buy for $S&P 500 Index (.SPX.US)$ and $34bn to buy if we include other indices.
Largest trade since $Tesla (TSLA.US)$ inclusion in December 2020.
S&P is adjusting the free float for Apple to 100% after Berkshire sold part of its stake earlier this year.
The rule S&P uses states that that free-float >95% will be rounded to 100%, hence, the large adjustment.
$Broadcom (AVGO.US)$ is $8.2bn...
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Rockyturki
liked
$Amazon (AMZN.US)$ is a very politically-sensitive company. Think that's important context for the $Intel (INTC.US)$ announcement (replete with a quote from Ohio's governor). Nice W for Intel, but Amazon will keep working on Graviton, Trainium and Inferentia, all of which are for now fabbed by $Taiwan Semiconductor (TSM.US)$ .
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Rockyturki
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What happened at $Intel (INTC.US)$ :
1) Had a long run of former CFOs as CEOs.
2) Fired the older engineers who were expensive, but essential. Experience arguably matters more in semis than other areas of tech.
3) Inserted EUV one node after TSM. Ego driven decision.
Tragedy.
1) Had a long run of former CFOs as CEOs.
2) Fired the older engineers who were expensive, but essential. Experience arguably matters more in semis than other areas of tech.
3) Inserted EUV one node after TSM. Ego driven decision.
Tragedy.
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IDC (per Evercore) has server ASPs up 41% Y/Y in Q2, no doubt thanks to GPU server growth. Mix shifting towards GPU servers in cloud DCs that pack high-core-count CPUs benefits $Advanced Micro Devices (AMD.US)$ and $Arm Holdings (ARM.US)$ 's CPU share relative to $Intel (INTC.US)$ 's.
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Rockyturki
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Meta Platforms is putting the final touches on an over-100,000 Nvidia H100 server chip cluster in the US to train the next update to its generative AI model, Llama 4, The Information reports, and the cost of the chips alone could be more than US$2 billion. The cluster will be finished by October or November, and comes as Elon Musk’s xAI, others, build similar systems. $Meta Platforms (META.US)$ $NVIDIA (NVDA.US)$ $Tesla (TSLA.US)$ $Oracle (ORCL.US)$
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Rockyturki
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AI GPU revenue estimates for 2024:
$NVIDIA (NVDA.US)$ : $105B+
$Advanced Micro Devices (AMD.US)$ : $4.5B+
$Intel (INTC.US)$ : $0.5B
$NVIDIA (NVDA.US)$ : $105B+
$Advanced Micro Devices (AMD.US)$ : $4.5B+
$Intel (INTC.US)$ : $0.5B
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Amazon Web Services $Amazon (AMZN.US)$ announced today plans to invest $10.5 Billion over the next 5 years to build and operate data centers in the UK 🇬🇧
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Rockyturki
liked
Mapping out the current state of AI markets:
Most value has accrued to the semiconductor ecosystem ($130B+ in revenue this year from AI) and the data center buildout (number of US data centers is expected to double in the next four years).
Energy is a legitimate bottleneck to the data center buildout, and hyperscalers/developers are aggressively acquiring real estate with power availability.
The cloud companies are at a ~$20B run rate, with Microsoft generating ~$5B of that.
We’re seeing in...
Most value has accrued to the semiconductor ecosystem ($130B+ in revenue this year from AI) and the data center buildout (number of US data centers is expected to double in the next four years).
Energy is a legitimate bottleneck to the data center buildout, and hyperscalers/developers are aggressively acquiring real estate with power availability.
The cloud companies are at a ~$20B run rate, with Microsoft generating ~$5B of that.
We’re seeing in...
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Rockyturki
liked
Last week, Berkshire Hathaway $Berkshire Hathaway-B (BRK.B.US)$ joined the elite group of public U.S. companies that have reached a $1T market cap.
Of the companies to hit this milestone, Berkshire took the longest—approximately 44.5 years from the time it went public—according to data compiled by my friends at VisualCapitalist.
Notably, Berkshire is the first non-tech company in the U.S. to achieve this feat.
In contrast, Meta $Meta Platforms (META.US)$ reached t...
Of the companies to hit this milestone, Berkshire took the longest—approximately 44.5 years from the time it went public—according to data compiled by my friends at VisualCapitalist.
Notably, Berkshire is the first non-tech company in the U.S. to achieve this feat.
In contrast, Meta $Meta Platforms (META.US)$ reached t...
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Rockyturki
liked
Engineer at Apple says that 30% of their AWS cloud workloads are already over Amazon's Graviton CPU as opposed to $Intel (INTC.US)$ or $Advanced Micro Devices (AMD.US)$ . He thinks start-ups will go 100% over Graviton as AWS is heavily promoting its own CPU, telling customers that Graviton is 35-40% more cost effective than Intel CPUs.
Going forward, he sees workloads over Graviton increasing. Historically they haven't done so as they like to be able to shift workloads over different clouds e.g. i...
Going forward, he sees workloads over Graviton increasing. Historically they haven't done so as they like to be able to shift workloads over different clouds e.g. i...
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