AI mania is the only game in town as the real economy sinks.
Great chart from @WarrenPies highlighting the recent divergence. Source: Bob Elliott @BobEUnlimited
Samsung bets big on AI 🇰🇷 Korean tech giant
Samsung just announced plans to buy and deploy 50,000 Nvidia GPUs — a massive move aimed at supercharging its chip manufacturing for mobile devices and robotics. 💡 The partnership is another win for Nvidia, whose GPUs remain the gold standard for building and deploying advanced AI systems. 🔧 Samsung also confirmed it’s working with Nvidia to optimize its 4th-gen HBM (High Bandwidth Memory) for next-generation AI chips — a move that could reshape the global AI hardware landscape. 👉 The AI arms race just got another heavyweight upgrade.
💥 Microsoft’s latest SEC filing quietly revealed a lot about OpenAI’s finances.
According to the numbers, OpenAI lost roughly $11.5 billion last quarter — a figure inferred from Microsoft’s own disclosures. 📊 With a 27% stake in OpenAI, Microsoft recorded a $3.1 billion hit to its net income, pointing to massive operating losses at its AI partner. 💸 The filing also shows Microsoft has now funded $11.6 billion of its $13 billion total commitment to OpenAI — and those losses are now being reflected directly in Microsoft’s earnings under equity accounting rules. 🤔 The takeaway: the AI boom is incredibly expensive, and even the biggest players are feeling the weight of the burn rate.
🚀 Big Tech just confirmed it — the AI spending boom is still in fire 🔥
This week’s earnings from the MAG7 show that AI CapEx is accelerating into 2026, powered by massive, structural demand that shows no signs of slowing. 💰 This investment wave isn’t just a side story, it’s the engine driving the bull market. 👀 Now the big question everyone’s asking: Will the rumored OpenAI IPO mark the peak of the AI bull run… or the next leg higher? Source: WSJ
The cost of insuring against an Oracle default has surged following the company’s massive Q3 AI investment announcements – reaching levels not seen outside periods of major macro stress.
According to Goldman, Oracle’s CDS spreads have become a key sentiment indicator for the market’s appetite to finance large-scale AI spending. Source: HolgerZ, Bloomberg
Tough time for the young generation...
Companies that have adopted AI aren't hiring fewer senior employees, but they have cut back on hiring juniors ones. Source: Crémieux @cremieuxrecueil on X
Big Move in AI + Mobility!
On Thursday, $NVIDIA dropped a game-changing announcement — it’s partnering with Uber Technologies to push the frontier of autonomous driving. Here’s what’s exciting 👇 🚗 Uber brings massive real-world driving data from millions of trips. 🧠 NVIDIA brings its Cosmos World foundational model — built to power self-driving intelligence. ⚡ Development will run on NVIDIA DGX Cloud, supercharging the entire training pipeline. The market noticed: Uber’s stock jumped after the news, as investors saw this as a strong move to cement Uber’s edge in next-gen transportation tech..
IBM’s post-earnings selloff wasn’t about the numbers — it was about the narrative.
On paper, the results were great: ✅ Revenue & earnings beat expectations ✅ Guidance raised ✅ Record free cash flow But in the AI era, “good” isn’t good enough. Investors wanted explosive AI-fueled growth. What they got was solid execution — and that’s not what the market is rewarding right now. This is the re-rating of expectations in real time. IBM is doing a lot right, but markets are chasing narrative velocity over operational discipline. Source: EndGame Macro @onechancefreedm
