CoreWeave’s Warning: When AI Demand Meets Infrastructure Reality The AI boom of 2025 reshaped markets. But the next phase won’t be about capital—it’s about concrete. We’ve entered a supply-constrained revolution. 🧵👇

Big Tech’s capex is the number one metric for AI investors, with spending from Microsoft $MSFT, Meta $META, Amazon $AMZN and Google $GOOG accelerating in Q3. Below, I discuss where capex is on track to land this year, and what this means for AI stocks heading into 2026.

A comment on Bitcoin. The U.S. government is reopening, and the Treasury’s management of the TGA signals an imminent injection of liquidity into the financial system. Quantitative tightening will soon end, and in my view, the Federal Reserve will continue to cut rates until the

Good morning. The Fed has announced they are ending QT, the government is re-opening and injecting over $100 billion of pent-up liquidity into the economy, and Bitcoin sentiment is as bad as I have seen in years. Do with this what you will. And have a great Friday.

IREN/CIFR specific commentary

$IREN's share price… I’ve read many different takes on why $IREN is supposedly on this downward trajectory. Some claim it’s due to $BTC weakness, others say it’s just distress in the AI sector. Either way, a large number of $IREN shareholders do seem concerned and wonder if

“AI compute and datacenter build out is a bubble” Elon and Sundar:

🚨 ANTHROPIC: AI COULD WIPE OUT HALF OF ALL ENTRY-LEVEL WHITE COLLAR JOBS IN NO TIME "That is that is the future we could see if we don't become aware of this problem now. If we look at entry-level consultants lawyers financial professionals, you know many of kind of the

This is crazy ... The Harvard Management Company, which controls Harvard University's endowment, just updated its 13F filings for Q3 They more than doubled down on their Bitcoin position $IBIT now sits as the top holding and 21% of their portfolio

I wanted to put the current sell off in perspective... BTC corrected in 2024 -32%, 2025 -32% and right now is around -28%. This is normal. You've lived it before. SOL corrected -47%, -67% and currently -48%. Sui corrected -69% in 2023, -79% in 2024, -68% in 2025 and -64%

Remember days like today when you’re reviewing all those missed “buy the dip” opportunities on past stock charts. It’s much easier said than done!