RT Token Terminal 📊 (@tokenterminal)🏦 Jamie Dimon on the management mistakes he's made☁️ One big mistake was fighting the transition to "cloud", which he later reversed after learning more about the platforms⛓️ Sounds familiar... https://t.co/Yiiyw2yTKq ...

related:https://t.co/7eQ8Sx5898Token Terminal 📊 (@tokenterminal):🏦 Jamie Dimon on the management mistakes he's made☁️ One big mistake was fighting the transition to "cloud", which he later reversed after learning more about the platforms⛓️ Sounds familiar... https://t.co/Yiiyw2yTKq ...

🏦 Jamie Dimon on the management mistakes he's made☁️ One big mistake was fighting the transition to "cloud", which he later reversed after learning more about the platforms⛓️ Sounds familiar... https://t.co/Yiiyw2yTKq ...

Google is investing an additional $9 billion in Virginia through 2026 to enhance cloud and AI infrastructure across the state, marking the latest in a series of big tech investments in US data centers https://t.co/lFoZntr6no ...

Financial Performance - Pure Storage achieved strong numbers across the board, including margins and guidance that topped analyst expectations [1] - Product revenue is up, along with as-a-service offerings, indicating balanced growth across products and software [2] - The company recognized its first revenue from a hyperscale environment last quarter and anticipates continued scaling in the future [6] AI and Technology Trends - AI has shifted enterprises' perspective on their data, highlighting fragmentation and prompting a need for a unified data cloud [4] - Pure Storage plays into the AI environment by selling products into both AI training and inference environments [3] - The company introduced the concept of an enterprise data cloud, enabling data storage to operate like a cloud within the enterprise for security, performance, and AI analytics [4][5] - Performance is critical in AI environments, requiring low latency and rapid delivery of vast amounts of data [9] - FlashBlade Exa, a product introduced earlier this year, has achieved top industry benchmarks [9] Market Dynamics and Strategy - North America is currently the largest market for AI, with significant buying activity also observed in the Middle East and Far East [10][11] - Pure Storage provides only flash storage, offering benefits in hyperscale environments by reducing space, power, and cooling requirements [7][8] - Strong buying signals are observed, reflecting both macro conditions and the company's industry strength [12]

Core Insights - Jabil, Inc. (JBL) is expanding its portfolio to leverage the growing cloud and AI data-center infrastructure market, which is currently led by hyperscalers like Google, Amazon, and Microsoft [1][2] Group 1: Market Trends - The AI data center market is projected to grow from $13.62 billion in 2025 to $60.49 billion by 2030, reflecting a compound annual growth rate (CAGR) of 28.3% [3] - AI-as-a-service is gaining traction, prompting enterprises to utilize hyperscaler data centers for their AI needs due to their scalability, lower operating expenses, and high computational power [2] Group 2: Company Initiatives - Jabil is investing $500 million in a multi-year expansion of its manufacturing footprint in the Southeast U.S. to position itself as a key U.S.-based manufacturing partner for hyperscalers [3] - The acquisition of Mikros Technologies enhances Jabil's capabilities in liquid cooling and thermal management, while a partnership with Endeavour Energy LLC allows for on-demand data center capacity [4] Group 3: Financial Performance - Jabil anticipates generating $7.1 billion in revenues from the data center vertical in fiscal 2025, indicating a remarkable 54% year-over-year growth [5][9] - Jabil's stock has increased by 92.9% over the past year, although its forward P/E ratio of 18.94 is below the industry average of 22.18 [8][11] Group 4: Competitive Landscape - Jabil faces competition from Celestica, Inc. and Flex Ltd., both of which are also expanding their presence in the AI data center market [6][7] - Celestica is strengthening its position with industry-leading 400G and 800G switch products and collaborations with AMD and Broadcom [6]

Uh this is really interesting. You know our journey started out in high performance computing and high performance computing training foundation models and frontier models. That is the extreme version of high performance computing.And so so Nvidia and DDN um found our friendship and our long-term partnership through that origin. Now what we'd like to do as we train these models, these models can now uh turn the world's enterprises, all of our data from raw data into data intelligence. Yeah.And so now our wo ...

AI Investment Landscape - The AI sector is expected to generate numerous trillion-dollar businesses [1][52] - Venture firms recognize the need for scale to effectively operate throughout the private market lifecycle [2] - A significant portion of venture funding is concentrated in a small number of top AI deals, with the top three LLMs potentially raising $100 billion in a six-month period [2] - AI is seen as a foundational element for the future of vertical SaaS, enhancing data models, connectivity, and marketplace capabilities [2] - AI solutions are increasingly impacting labor budgets, not just technology budgets, opening up a multi-trillion dollar market [3] Investment Strategies & Considerations - Investment decisions are focused on the future margin profile of companies, considering potential for significant capital expenditure [1] - Venture firms are willing to be small investors in potentially very large companies, accepting dilution in exchange for exposure to generational companies [1] - The pace of innovation is rapidly compressing, favoring teams that can iterate quickly [1] - Efficiency still matters, with a quantified trade-off between growth and efficiency, especially at mid-stage scale (around $50 million ARR) [5] - The industry is seeing a shift towards consumer-like growth rates for enterprise businesses, with some companies reaching $100 million in ARR in 18 months [5]

AI Talent War & Executive Movement - OpenAI's recruitment chief exited after a short tenure, amidst fierce competition for AI talent in Silicon Valley [2][3] - Meta paused hiring for its new AI division but poached a senior Apple executive, undergoing its fourth restructuring in six months [4] - Elon Musk attempted to recruit Mark Zuckerberg to finance an OpenAI takeover [3] Cloud Computing & Partnerships - Google Cloud signed a $10 billion deal with Meta, marking one of its largest ever and signaling a shift in the cloud market [5][6] - Apple is in early talks to use Google's Gemini to power a revamped Siri [7] - Google Cloud hosts Anthropic, OpenAI, and counts Apple as a cloud customer, indicating significant momentum [7] Crypto Market & Investment - Peter Thiel-backed crypto firm, formerly 180 Life Sciences (f z), saw its stock price decline by over 31% after a filing showed Thiel's fund and other major holders offering shares for resale [9] - The drop in f z stock is not impacting Ether, which rebounded to near record levels [10]

Core Insights - Formula Systems reported a revenue increase of 11.3% year over year for Q2 2025, reaching an all-time high of approximately $743.4 million, driven by growth across its subsidiaries and affiliates [6][7] - Despite revenue growth, net income attributable to shareholders decreased by approximately 20.1% year over year to $15.1 million due to increased financial expenses related to currency exchange rate fluctuations [3][6] - The company declared a cash dividend of NIS 1.69 per share, amounting to approximately NIS 25.9 million, payable on October 28, 2025 [11][12] Financial Performance for Q2 2025 - Revenues for Q2 2025 were approximately $743.4 million, compared to $667.7 million in Q2 2024, marking an 11.3% increase [6] - Operating income for Q2 2025 increased by 4.4% year over year to approximately $67.9 million, with a notable one-time income item in Q2 2024 affecting year-over-year comparisons [6] - Net income attributable to shareholders for Q2 2025 was approximately $15.1 million, or $0.95 per diluted share, down from $18.8 million, or $1.20 per diluted share in Q2 2024 [6] Financial Performance for First Half of 2025 - Revenues for the first half of 2025 reached approximately $1.5 billion, a 9.7% increase from approximately $1.37 billion in the same period last year [7] - Operating income for the first half of 2025 was approximately $138.4 million, up 8.5% from approximately $127.6 million in the first half of 2024 [7] - Net income attributable to shareholders for the first half of 2025 decreased by 4.5% to approximately $34.4 million, or $2.20 per diluted share, compared to $36.0 million, or $2.31 per diluted share in the same period last year [7] Currency Impact - The New Israeli Shekel appreciated by 9.3% against the U.S. dollar during Q2 2025, adversely affecting the U.S. dollar value of the company's monetary assets and contributing to increased financial expenses [4][3] Subsidiary Performance Highlights - Matrix IT Ltd. reported a revenue increase of 8.9% year over year for Q2 2025, reaching an all-time high of NIS 1.45 billion (approximately $405.3 million) [13] - Magic Software achieved a revenue growth of 11.3% year over year, reaching $151.6 million, marking its first quarter crossing $150 million [13] - Sapiens completed acquisitions of AdvantageGo and Candella, enhancing its position in the insurance technology sector [13] Dividend Declaration - The board of directors approved a cash dividend of NIS 1.69 per share, approximately $0.50 per share, totaling around NIS 25.9 million [11][12] Compliance and Financial Health - As of June 30, 2025, Formula Systems was in compliance with all financial covenants under its debenture series, with actual equity attributable to shareholders at $722.9 million, significantly above the required target of $325 million [12][10]