14% of PCs shipped globally in Q2 were AI capable
Source: Canalys
Eric Schmidt, ex-CEO at Google $GOOGL, said his former company is losing the AI race and remote work is to blame - WSJ
“Google decided that work-life balance and going home early and working from home was more important than winning” Source: Evan
Is long AI short yen the same trade?
Gray line is 30-year T-bond yield relative to tech 12 month forward earnings yield ratio Dotted green line is EUR/JPY Source: www.zerohedge.com
Walmart CEO on using AI
"We've used multiple LLMs to accurately create or improve over 850,000,000 pieces of data in the catalog. Without the use of hashtag#generativeAI, this work would have required nearly 100X the current headcount to complete in the same amount of time" $WMT Source: The Transcript
March 22, 2000
Difficult to compare the internet bubble with the current ai mania. Source: Andrew Kuhn
An important observation on the Mag 7 / AI names: Relative EPS hasn't rolled like stock prices have
Bottom-line: Equity portfolios should be more diversified but there is no reason to panic on big Tech at this stage. It is a highly crowded trade and valuations are lofty. But fundamentals stay strong. Source: TME, RBC, GS
Here are the companies with the most Generative AI patents
Source: Voronai, Savvy Trader
Yesterday evening after the close, Super Micro $SMCI has swung nearly $170 in 40 minutes in after hours trading, dropping from $725 to $558.
Super Micro Computer beats on revenues + announced 10:1 stock split (why?) but missed on EPS. CEO: "Supermicro continues to experience record demand of new AI infrastructure..." Source: Ycharts, Beth Kindig
