NEW BLOG POST: ‘The Season Of Chaos Is At Hand’ thefelderreport.com/2026/06/13/t...
Jesse Felder
Two reads on why analysts see massive FCF leap after 2028. One: they believe that AI will be an all-time great business. Two: they can't get their DCF models to spit out numbers higher than current share prices without putting big numbers into the out years. Some of both?
‘By the end of the year all hyperscaler cash from operations will go toward capex.’ www.dailychartbook.com/p/we-believe...
Wall Street consensus estimates for hyperscaler free cash flow. Provides a good snapshot of where the market's head is at, I think:
‘Tech funds saw a record $12.3bn in inflows over the past week.’ www.dailychartbook.com/p/we-believe...
‘Policymakers might be happy that there was little pass-through from the energy shock on to core inflation, but they cannot afford to ignore the headline rate. Energy and food inflation are of primary importance to an increasingly stretched consumer backdrop.’ www.ft.com/content/2050...
‘What Nvidia built starting in 2023 is not just a network of cloud computing customers. It is a network of de facto Special Purpose Vehicles. They allow Nvidia to book GPU sale revenue without acknowledging the circular nature of the transaction.‘ kakashiii111.substack.com/p/dot-com-fl...
‘Pimco’s Richard Clarida, Andrew Balls and Daniel Ivascyn said in the firm’s latest secular outlook that “the default cycle is reasserting itself, and we expect significantly higher losses in lower-quality credit such as leveraged and private direct lending.”’ www.bloomberg.com/news/article...
‘Meta Platforms plans to clamp down on skyrocketing AI costs inside the company by imposing limits on employees’ token usage, the company told staff in a memo on Tuesday, just weeks after it pushed them to adopt AI tools in their work.‘ www.theinformation.com/articles/tok...
‘SpaceX had planned to train its most cutting-edge AI models on a massive amount of computing power by using a cluster of three data center campuses. However, the firm encountered latency issues compounded by aging network infrastructure.‘ www.bloomberg.com/news/article...
Jesse Felder
Jesse Felder
Jesse Felder
Jesse Felder
Heavy spending on AI could widen economic outcomes and hit lower-quality loans, the firm says.
Meta Platforms plans to clamp down on skyrocketing AI costs inside the company by imposing limits on employees’ token usage, the company told staff in a memo on Tuesday, just weeks after it pushed the...
www.theinformation.com
SpaceX decided to rent out the full capacity of its Colossus 1 data center in Memphis to Anthropic PBC after encountering technical challenges using the facility to develop and run its Grok artificial...
