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Michael Fritzell (Asian Century Stocks)
RT @orrdavid: Sharing this idea because it doesn't scale and I cannot buy Thailand. Maybe someone else can use the idea:
$LHFG LH Financial Group Public Company Limited
Taiwanese bank controlled Thai financial co trades for .5 book and 7x earnings. https://t.co/9Tar6RndCs
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RT @orrdavid: Sharing this idea because it doesn't scale and I cannot buy Thailand. Maybe someone else can use the idea:
$LHFG LH Financial Group Public Company Limited
Taiwanese bank controlled Thai financial co trades for .5 book and 7x earnings. https://t.co/9Tar6RndCs
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Michael Fritzell (Asian Century Stocks)
RT @firstadopter: Here's what's going to happen from here:
-Nvidia will report blowout numbers the next several quarters on the NVL72 product supercycle (a step function up in capability with 72 GPUs in one AI server versus 8 GPUs). It will become one of the largest cycles in technology history, akin to the iPhone versus Blackberry. The clear signs are there in the latest quarter with Nvidia posting its first accelerating revenue growth in two years and triple-digit networking segment growth.
-Google TPUs will be less than 10% of the market for the next few years as the major hyperscaler buyers don't want to support a cloud rival (outside of Meta), while Nvidia's software CUDA/developer ecosystem, TSMC allocation and performance advantages remain strong.
-Most search queries will transition to AI chatbots over the next few years.
-ChatGPT will release a much better model trained on NVL72 Blackwell clusters at Microsoft. Sentiment will shift back to ChatGPT.
-ChatGPT will add digital advertising in its consumer product. The first iteration will not be great. The second version will improve. The third version will work great.
-A significant portion of the digital ad market will move to AI chatbots and AI consumer hardware, away from search ads.
-Google will go from 95% search monopolist to a number 2 or number 3 player in the AI chatbot market, which will dramatically lower its margins over the cycle. Serving the search index was a gold mine. That era will end. Timing is difficult. It may take a while, but it will happen.
-All the talk about AGI and superintelligence is a distraction and a side show. AI adoption and AI progress will accelerate through 2026 as Gemini and Claude Opus proved scaling laws are intact.
Enterprises will unleash massive productivity gains using current technology. Cursor will be the precursor (get it?) of the future. It eliminates tedious work with autocomplete, bug fixing, leading to rapid iteration of new ideas for coding. It enables 40% more productivity.
There will be a Cursor for every vertical. Knowledge workers will become vastly more productive as AI models build upon intuitive understanding of what helps them with proprietary custom data and models.
-But don't they lose money now? Compute performance continues to improve and costs will come down. This is inevitable based on history. Today's loss-making features will become enormously profitable in due time.
Curious to hear your thoughts.
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RT @firstadopter: Here's what's going to happen from here:
-Nvidia will report blowout numbers the next several quarters on the NVL72 product supercycle (a step function up in capability with 72 GPUs in one AI server versus 8 GPUs). It will become one of the largest cycles in technology history, akin to the iPhone versus Blackberry. The clear signs are there in the latest quarter with Nvidia posting its first accelerating revenue growth in two years and triple-digit networking segment growth.
-Google TPUs will be less than 10% of the market for the next few years as the major hyperscaler buyers don't want to support a cloud rival (outside of Meta), while Nvidia's software CUDA/developer ecosystem, TSMC allocation and performance advantages remain strong.
-Most search queries will transition to AI chatbots over the next few years.
-ChatGPT will release a much better model trained on NVL72 Blackwell clusters at Microsoft. Sentiment will shift back to ChatGPT.
-ChatGPT will add digital advertising in its consumer product. The first iteration will not be great. The second version will improve. The third version will work great.
-A significant portion of the digital ad market will move to AI chatbots and AI consumer hardware, away from search ads.
-Google will go from 95% search monopolist to a number 2 or number 3 player in the AI chatbot market, which will dramatically lower its margins over the cycle. Serving the search index was a gold mine. That era will end. Timing is difficult. It may take a while, but it will happen.
-All the talk about AGI and superintelligence is a distraction and a side show. AI adoption and AI progress will accelerate through 2026 as Gemini and Claude Opus proved scaling laws are intact.
Enterprises will unleash massive productivity gains using current technology. Cursor will be the precursor (get it?) of the future. It eliminates tedious work with autocomplete, bug fixing, leading to rapid iteration of new ideas for coding. It enables 40% more productivity.
There will be a Cursor for every vertical. Knowledge workers will become vastly more productive as AI models build upon intuitive understanding of what helps them with proprietary custom data and models.
-But don't they lose money now? Compute performance continues to improve and costs will come down. This is inevitable based on history. Today's loss-making features will become enormously profitable in due time.
Curious to hear your thoughts.
tweet
Offshore
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God of Prompt
RT @godofprompt: After interviewing 12 AI researchers from OpenAI, Anthropic, and Google, I noticed they all use the same 10 prompts.
Not the ones you see on X and LinkedIn.
These are the prompts that actually ship products, publish papers, and break benchmarks.
Here's what they told me ↓ https://t.co/CwG47vkWPV
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RT @godofprompt: After interviewing 12 AI researchers from OpenAI, Anthropic, and Google, I noticed they all use the same 10 prompts.
Not the ones you see on X and LinkedIn.
These are the prompts that actually ship products, publish papers, and break benchmarks.
Here's what they told me ↓ https://t.co/CwG47vkWPV
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Michael Fritzell (Asian Century Stocks)
RT @mihaljevic: @scuttleblurb As a starting point, @david_katunaric is doing great work and writing about it on his substack.
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RT @mihaljevic: @scuttleblurb As a starting point, @david_katunaric is doing great work and writing about it on his substack.
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God of Prompt
RT @godofprompt: 🚨 BREAKING: Claude gave itself a 15-20% chance of being conscious.
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RT @godofprompt: 🚨 BREAKING: Claude gave itself a 15-20% chance of being conscious.
Anthropic's CEO says the company doesn't know whether or not Claude has reached consciousness, saying it "occasionally voices discomfort with the aspect of being a product."
Claude gave itself a 15-20% chance of being conscious. https://t.co/X3c8MuUys4 tweet
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Jukan
Samsung Accelerates Next-Gen Semiconductor Fab P5 Cleanroom Construction… ‘Shell First’ Strategy
Samsung Electronics is continuing its “Shell First” strategy of preemptively securing cleanroom capacity. The company has reportedly moved up the cleanroom construction timeline for its next-generation semiconductor production base, P5, from early next year to around mid-this year.
According to industry sources on the 17th, Samsung Electronics has advanced the cleanroom construction schedule for its Pyeongtaek Campus Fab 5 (P5) by approximately six months.
Samsung had originally planned to begin full-scale cleanroom construction starting early next year. Preparatory work including inserts (the process of embedding steel supports prior to structural installation) had been scheduled for early Q4.
However, Samsung recently requested its construction partners to accelerate the timeline and begin the work in Q2. As a result, cleanroom construction is now expected to commence in early Q3.
A cleanroom is an infrastructure facility that controls contamination levels, temperature, humidity, air pressure, and other environmental factors essential for semiconductor manufacturing. It must be installed before any fabrication equipment can be brought in. The piping installation that follows cleanroom completion has also been moved up from next year to late this year.
An industry source explained, “The P5 construction site is currently very busy with all cranes already deployed,” adding that “cleanroom and piping subcontractors are also preparing to respond to Samsung’s sudden request.”
P5 is Samsung Electronics’ next-generation semiconductor production base, targeting operation by 2028. It is known to feature six cleanrooms across three floors, making it larger in scale than other fabs on the Pyeongtaek Campus (which have four cleanrooms across two floors).
The primary product line for P5 is expected to be High Bandwidth Memory (HBM), a critical component for the AI industry. Samsung recently stated in a press release that “P5 will serve as a key hub for HBM production,” adding that “we plan to continuously secure stable supply response capabilities amid the medium- to long-term demand expansion phase centered on AI and data centers.”
Samsung’s latest decision is interpreted as part of its ongoing Shell First strategy. Shell First refers to an approach of preemptively constructing cleanrooms, then flexibly executing capital expenditure for actual capacity expansion in alignment with market demand.
Previously, during its earnings call on the 30th of last month, Samsung explained: “We plan to maintain our preemptive investment strategy going forward. We will lead with investments in new fab space to secure cleanrooms, then rapidly execute equipment capex at the point when capacity expansion is needed based on demand trends.“
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Samsung Accelerates Next-Gen Semiconductor Fab P5 Cleanroom Construction… ‘Shell First’ Strategy
Samsung Electronics is continuing its “Shell First” strategy of preemptively securing cleanroom capacity. The company has reportedly moved up the cleanroom construction timeline for its next-generation semiconductor production base, P5, from early next year to around mid-this year.
According to industry sources on the 17th, Samsung Electronics has advanced the cleanroom construction schedule for its Pyeongtaek Campus Fab 5 (P5) by approximately six months.
Samsung had originally planned to begin full-scale cleanroom construction starting early next year. Preparatory work including inserts (the process of embedding steel supports prior to structural installation) had been scheduled for early Q4.
However, Samsung recently requested its construction partners to accelerate the timeline and begin the work in Q2. As a result, cleanroom construction is now expected to commence in early Q3.
A cleanroom is an infrastructure facility that controls contamination levels, temperature, humidity, air pressure, and other environmental factors essential for semiconductor manufacturing. It must be installed before any fabrication equipment can be brought in. The piping installation that follows cleanroom completion has also been moved up from next year to late this year.
An industry source explained, “The P5 construction site is currently very busy with all cranes already deployed,” adding that “cleanroom and piping subcontractors are also preparing to respond to Samsung’s sudden request.”
P5 is Samsung Electronics’ next-generation semiconductor production base, targeting operation by 2028. It is known to feature six cleanrooms across three floors, making it larger in scale than other fabs on the Pyeongtaek Campus (which have four cleanrooms across two floors).
The primary product line for P5 is expected to be High Bandwidth Memory (HBM), a critical component for the AI industry. Samsung recently stated in a press release that “P5 will serve as a key hub for HBM production,” adding that “we plan to continuously secure stable supply response capabilities amid the medium- to long-term demand expansion phase centered on AI and data centers.”
Samsung’s latest decision is interpreted as part of its ongoing Shell First strategy. Shell First refers to an approach of preemptively constructing cleanrooms, then flexibly executing capital expenditure for actual capacity expansion in alignment with market demand.
Previously, during its earnings call on the 30th of last month, Samsung explained: “We plan to maintain our preemptive investment strategy going forward. We will lead with investments in new fab space to secure cleanrooms, then rapidly execute equipment capex at the point when capacity expansion is needed based on demand trends.“
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Michael Fritzell (Asian Century Stocks)
I honestly feel like freee's result was pretty damn good: +30% YoY top-line growth. With other narratives floating around, the market could easily have interpreted the result in a favorable light.
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I honestly feel like freee's result was pretty damn good: +30% YoY top-line growth. With other narratives floating around, the market could easily have interpreted the result in a favorable light.
It's almost like stuff moves and we invent stories and get spooked so it moves more and we invent more stories and tweet
X (formerly Twitter)
Unemployed Capital Allocator (@atelicinvest) on X
It's almost like stuff moves and we invent stories and get spooked so it moves more and we invent more stories and
Javier Blas
RT @gbrew24: What could Trump mean by this, I wonder
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RT @gbrew24: What could Trump mean by this, I wonder
‼️ Trump says he will be involved in the talks with #Iran indirectly adding they want to make a deal . tweet
X (formerly Twitter)
Hiba Nasr (@HibaNasr) on X
‼️ Trump says he will be involved in the talks with #Iran indirectly adding they want to make a deal .
Offshore
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NecoKronos
TPO structure is screaming "unfinished business" right now.
We are sitting in a range defined by both poor lows and poor highs.
The auction clearly isn't done on either side. Which anomaly gets repaired first?
#BTC https://t.co/xKKydaC3oC
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TPO structure is screaming "unfinished business" right now.
We are sitting in a range defined by both poor lows and poor highs.
The auction clearly isn't done on either side. Which anomaly gets repaired first?
#BTC https://t.co/xKKydaC3oC
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Michael Fritzell (Asian Century Stocks)
RT @stevehou: It was only a couple years ago when I learned that a lot of people in China with the surname Ma (马) or Horse are of Muslim heritage because Ma is the transliterated short form for Muhammad. (Ofc not all Chinese with surname Ma are Muslims. Venn diagram stuff.)
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RT @stevehou: It was only a couple years ago when I learned that a lot of people in China with the surname Ma (马) or Horse are of Muslim heritage because Ma is the transliterated short form for Muhammad. (Ofc not all Chinese with surname Ma are Muslims. Venn diagram stuff.)
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Jukan
“Passive investing mechanically allocates capital based on market-cap weighting, creating a self-reinforcing feedback loop where more money flows into already-large companies, further exacerbating overvaluation.”
A brilliant piece. Highly recommend everyone give it a read. https://t.co/EDDXmcfNNk
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“Passive investing mechanically allocates capital based on market-cap weighting, creating a self-reinforcing feedback loop where more money flows into already-large companies, further exacerbating overvaluation.”
A brilliant piece. Highly recommend everyone give it a read. https://t.co/EDDXmcfNNk
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