It’s appropriate of course that Nvidia and AMD who have long competed with each other on chip share in local computer desktop and laptops, are now meeting each in the AI Cloud infrastructure market. I’ve had a lot of positive things to say about...

Today’s theme: ‘haste makes waste’ in the ‘super-sizing’ of AI data centers so far in this AI Tech Wave — and the bill is starting to come due. Three events today — Elon’s Memphis pushback, the repercussions rippling nationwide, and the...

Also Truth API, levered Lucid, semiannual earnings, gray market peptides and reinspection fees.

Sectors Why banks are leading. (trendlabs.com) Chip makers are sucking capital from the hyperscalers. (axios.com) AI We live in a world with multiple capable AI models. (stratechery.com) It’s possible to ‘poison’ open source models with...

Podcasts Barry Ritholtz talks with Jason Wenk, founder and CEO of Altruist. (ritholtz.com) Miriam Gottfried and Telis Demos talk with Brent Sullivan about tax-aware long-short strategies. (wsj.com) Daniel Crosby talks with Cullen Roche, author of...

I’ve outlined in recent days how companies like Moonshot AI out of China, with Alibaba, DeepSeek and others are more than doing their part innovating in AI models this AI Tech Wave. They’re accelerating this competitive efforts technically, and ramping...

Presented by The Weekend RipHappy Weekend! Oil and AI took turns wrecking the furniture, as war risk lifted crude and China’s cheaper Kimi K3 model challenged the premium embedded in America’s tech trade. Softer inflation and record bank trading...

Markets Market participants often worry about stuff that doesn’t happen. (tker.co) Why don’t we talk more about this brutal bond bear market? (etf.com) Misallocation of capital is nothing new. (ritholtz.com) Companies The biggest beneficiaries...

Good morning… As a reminder, Stocktoberfest is in New York this year on October 5-7. The details are here. If you have questions or want to sponsor just hit me up. I hope you can attend. We will of course be discussing the topics below. Before I get...

Here’s a preview of what we’ll cover this week:  Macro: The American Consumer; Credit Quality Stays High; Deal Flow Is Soaring At Record Pace; The Fed Can Afford to Wait. Markets: A Brick in the Road; Momentum Was Due for a Time-Out; The Magnificent Seven...