President Trump may have gotten into something that would be incredibly dangerous for the world if he shows again that a falling stock market is his kryptonite. @realDonaldTrump ...

Two things that will happen that few in Silicon Valley or NYC consider.1. Compression means that edge devices (iPhone, PC) will run the latest models easily in time because human knowledge utility is a pond, and LLMs+ are selling an ocean.2. No one will pay for the singularity. There is no end-economic demand for it. AIs spinning up a knowledge spiral is a human nightmare, not a human demand. ...

Uh, Apple should buy Anthropic, good culture fit and Anthropic just starting to race ahead, will be cash flow positive soon. Apple can afford it for now.And Elon should sell his Tesla shares and put them in an index fund for his many kids. Tesla shares are 4x overvalued at least. The indices are only 2-3x overvalued.Prakash (@8teAPi):Every time a finance bro writes something like this, they demonstrate the absolute idiocy of the finance sector. Ranks alongside- Apple should buy Anthropic- Elon should sell h ...

https://t.co/2dcqvl62XP ...

Adobe $ADBE should buy Midjourney. And any other small creative software company with a creative founder. @Adobe, you have the cash flow to protect your franchises. https://t.co/bJ7KLCrmD5 ...

$NVDA $PLTR $TSLA Actual cash Stock-Based Compensation costs are much higher than GAAP SBC expense. This is not because the employees' shares went up in value. The shares were not yet in employees' hands.The grants of RSUs are made with the expectation of appreciation in value, but nearly all potential upside is funded by shareholders directly through future dilution or future massive buybacks to nowhere. Companies benefit by offloading nearly all that upside from the income statement, but it shows up large ...

There is something called the Arrhenius Problem that produces a rule of thumb – for every 10 degrees Celsius increase in circuit temperature, halve the lifetime. This is not exact, and is debatable, but is directionally correct.Nvidia Blackwell power usage vs Hopper is 43%-71% higher, thermal density is higher because of the two dies/chips in one package, and Blackwell has documented overheating issues. Blackwell as a package is much larger than Hopper, providing a greater degree of thermal differentials an ...

Actual SBC costs are not high simply because the employees' shares went up in value. The shares were not yet in employees' hands. The grants of RSUs are future promises, and all potential upside is funded by shareholders directly through either dilution or future buybacks to nowhere at much higher prices. Companies benefit by offloading all the employee shares' upside from the income statement, but it shows up down the road in the cash flow statement, and must be accounted.What actually happens - grant when ...

The headline here is the Cash Conversion Cycle is extending permanently along with Days Inventory Outstanding.This new reality reflects a deliberate decision to lock up supply chain capacity further than Nvidia has ever done before.The Form 10-K shows Nvidia has $117B total supply obligations (inventory+purchase agreements), nearly matching Nvidia’s Operating Cash Flow for the year. The chart below shows…https://t.co/Oz6fq3uLM9 ...

Kudos to $NVDA and CFO Colette Kress for changing company policy on the presentation of its earnings and earnings per share. Going forward NVDA will no longer exclude its Stock-Based Compensation GAAP expense from the adjusted earnings it presents to investors and Wall StreetThis will now make earnings look more like GAAP earnings. Not exactly, but much better.None of this changes the thesis I laid out in my Foundations article The Tragic Algebra of Stock-Based Compensation or subsequent Recurrence and Shor ...