Pick Your 5‑Year Equal‑Weight Investment Choice
Which of them would you buy at 50-50 weight at today’s valuation for the next 5 years if the condition is you must hold for the entire 5 years?
Meta's Heterogeneous Chip Fleet Boosts Competitive Edge
"while I was encouraged to see Meta’s diversified chip strategy, I was also a tad bit concerned whether the trade-off has too high a cost. However, I have now updated my opinion that Meta is increasingly quite enviably positioned due...
Avoid Single-Model Tokenization: Vendor-Controlled, Non-Transparent
"tokenization is a non-transparent billing unit that each vendor controls unilaterally...any enterprise would be really imprudent to standardize on just one model developer." https://t.co/Ho7XM32Rz2
Cloud Deployment Margins Rebound, Set to Rise Further
"The margin trajectory of cloud-based deployment segment is far more interesting. Notice how gross margin here was precipitously falling and even turned negative in 1H’25 when the Chinese labs were essentially on a death march to grab market share. However,...
Cheap Energy Evades Metering, Expensive Power Defies Measurement
Too Cheap to Meter, Too High to Measure read the full piece here: https://t.co/h5J0gTi7ew https://t.co/iFvBD73DvS
Low Promotion, High Churn, Substack Still Boosts Revenue
yep; I almost never share my Substack link and yet revenue from Substack increased ~80% YoY and is now ~20% of my overall revenue. Even if churn is high, I have no doubt that it has been certainly net positive...
Pichai: AI Central to Google, Not a Moonshot
this was such a riveting read. If you're a Google shareholder, nobody came across better than Sundar Pichai in this entire saga. The fact that so many of them wanted Pichai to resign is a good reminder how clueless outsiders...
Shopify's Profit Soars 26% CAGR, Costs Barely Rise
"While $SHOP gross profit compounded at ~26% CAGR since 2022, its operating expenses (S&M, R&D, and G&A) grew by only ~2% CAGR during this period." Shopify's Miraculous Momentum: https://t.co/ezGEIE1lOG https://t.co/WDbrMgAx78