AI Boom & Data Centers - The AI boom is considered real, and the focus should be on when it will end rather than if it's a bubble [1] - Debt is fueling the AI cycle by financing the data centers needed for AI compute [2] - Every AI company claims increased compute leads to increased revenue, which could indicate whether or not a bubble exists [2][3] - The ROI from AI investments is currently present, with consumers and enterprises deriving value [3][4] - Demand for data centers is high in the private markets [5] Private vs Public Markets - Private markets show broader enthusiasm for AI compared to public markets [6] - There may be more scrutiny and differentiation between potential winners and losers in the public markets [6] IPOs & Market Conditions - IPOs offer benefits like capital raising for data center construction and providing liquidity to employees, founders, and investors [9] - The market needs sufficient capital formation and secondary/exit liquidity to meet the needs of AI companies [10] - After a Q1 hiccup, the IPO market has largely returned to normal, supported by a stable/cutting Fed and a public market up 17% year-to-date [10][11][12] - IPO volumes are up 18% this year, with total proceeds up 89% [12] - The average IPO is up 30% this year [12]

Funding & Investment - Over $15 billion (超过 150 亿美元) was raised by the Under 30 listmakers [1] AI Industry Trend - The AI boom is attracting significant investment and entrepreneurial activity [1] - AI models are getting bigger and machines are getting smarter [1] Entrepreneurship - Young entrepreneurs are becoming wealthy in the AI sector [1]

The AI boom should be driving a competitive marketplace with hundreds of viable companies. Instead, it’s on track to keep profits going to Google and its ilk, writes @parmy (via @opinion) https://t.co/ecY13g5oCp ...

Taiwan’s tech companies helped push imports to a record in November, underscoring the AI boom’s outsized impact on the archipelago’s economy https://t.co/aVU6fMjZbz ...

Core Viewpoint - Oracle Corporation (ORCL) is expected to report earnings soon, with low expectations from the market regarding its performance [1] Company Summary - The upcoming earnings report is anticipated to reflect the various developments within Oracle since its last earnings announcement [1] Industry Context - The article references the author's extensive experience in the technology sector, particularly in navigating market challenges such as the dot-com bubble and the recent AI boom, emphasizing a focus on momentum [1]

Group 1 - Confluent Inc has agreed to be acquired by IBM in an $11 billion deal, translating to $31 per share in cash, enhancing IBM's data infrastructure capabilities and commitment to the AI sector [1] - Confluent's stock rose by 28.50% to $29.74, marking its highest level since early March and recovering its year-to-date breakeven level, with a significant 32.9% post-earnings drawdown from July 31 now filled [2] - Options trading activity has surged, with 41,000 calls traded, which is 29 times the average intraday volume, indicating strong bullish sentiment [3] Group 2 - IBM's stock increased by 1.4% to $312.28, approaching its all-time high of $324.90, and has a year-to-date gain of 42.6%, with short-term support at the 50-day moving average [4]

30 Under 30 AI 2026: Models Gets Bigger, Machines Get Smarter And Young Entrepreneurs Get RicherWith more than $1.5 billion raised, this year’s Under 30 listmakers are all in on the AI boom.https://t.co/JziOodPkhO #ForbesUnder30 https://t.co/QbFjvJpIOJ ...

Core Insights - Heartland Advisors reported a 4.65% return for its Heartland Opportunistic Value Equity Strategy in Q3 2025, underperforming the Russell 3000 Value Index which returned 5.63% [1] - The investment strategy is influenced by rising optimism regarding the AI boom and increased electricity demand, which have propelled large- and mid-cap growth stocks to new highs [1] Company Highlights - Amazon.com, Inc. (NASDAQ:AMZN) was highlighted as a key stock in the investor letter, with a one-month return of -6.19% and a 52-week gain of 9.58% [2] - As of December 01, 2025, Amazon's stock closed at $233.88 per share, with a market capitalization of $2.5 trillion [2] Investment Strategy Commentary - The company initiated a position in Amazon during Q3 2025, noting that Amazon had previously traded at a premium compared to the S&P 500 Index and its retail peers [3] - Amazon's management has been investing heavily, which has led to fluctuations in earnings; for instance, the company doubled its retail distribution center footprint in 24 months post-COVID-19, impacting free cash flow and profit margins [3] - Current investments in high-margin areas like Amazon Web Services (AWS) and advertising are expected to enhance long-term profitability, despite short-term cost pressures [3]

Let's talk first of all, Bill, to you about the global state of macro right now and just what it means for the Fed, central banks writ large and interest rate policy. >> Well, Dom, I don't think there's any debate at all that the Fed is going to be easing. The real debate is how fast is it going to ease and when is it going to start the next phase of easing.uh and the December uncertainty is there because the more hawkish members of the FOMC are are clinging to the notion that well we don't have a lot of da ...

Core Insights - Michael Burry has shifted focus from investing to writing, launching a paywalled Substack called "Cassandra Unchained" to share his analytical insights on stocks, markets, and historical patterns [1][2] - Burry's initial posts address the AI boom, which he critiques as a "glorious folly" and plans to explore in depth over several entries [2][3] Industry Analysis - Burry compares the current AI boom to the dot-com bubble, arguing that despite the perception that today's companies are profitable, the underlying issues of overbuilt supply and insufficient demand remain similar [3] - He identifies the leading companies in the current AI landscape as the "five public horsemen" — Microsoft, Google, Meta, Amazon, and Oracle — alongside emerging startups like OpenAI [3] - Burry draws a parallel between Cisco during the dot-com crash and Nvidia in the current market, suggesting Nvidia is central to the AI boom despite its potential risks [4] Company Developments - Burry has closed Scion Asset Management's SEC registration, indicating a shift away from managing outside capital [5] - His recent return to social media includes commentary suggesting that the AI boom may be a bubble, advising caution in investment strategies [5]