Jul. 8 at 8:13 PM
A Musing pt. Ii
An Open Q&A On OpenAi:
Guess who joined the party;
$BAC
Not to be Debbie Downer wonky but there’s something brewing that feels awfully familiar.
I should’ve reduced risk reduce by 10%, minimum after today’s rate move but instead I went long
$TSLA &
$NVDA 26DEC & 2027 calls.
Then I stumble on this headline.
What feels familiar, for anyone in this market pre Obama; everything is riding on OpenAi.
The funding, the funky accounting similar to
$CVNA (funding orders & revenue vis-à-vis loans); “feels” very similar to mbs swaps & funky accounting during the subprime crisis.
Most savvy investors or recent accounting grads should’ve sniffed out the risk or at least asked the question; what happens if all of this topples inward on itself?
So I’ll ask…..hypothetically what would happen if the Ai thesis was demystified overnight, companies cut spend, hyperscalers cut CAPEX, & chip & data center demand dropped 30% or more?
The irony of the previous headline.
$BZFD