Offshore
Photo
Bourbon Capital
Over the past 10 years, $SPGI has dropped more than 30% three times:
1) Covid lockdown
2) Oct 2022 before FOMC Q&A
3) This week
What a wonderful time to be alive! https://t.co/qdXJCgILbz
tweet
Over the past 10 years, $SPGI has dropped more than 30% three times:
1) Covid lockdown
2) Oct 2022 before FOMC Q&A
3) This week
What a wonderful time to be alive! https://t.co/qdXJCgILbz
$SPGI is trading at 20x earnings for the first time since 2020 stock market crash https://t.co/LnfD4t36K4 tweet
Offshore
Photo
Michael Fritzell (Asian Century Stocks)
Kahneman's System 1 sounds very much like probabilistic computing (AI) https://t.co/62Jc25nLJr
tweet
Kahneman's System 1 sounds very much like probabilistic computing (AI) https://t.co/62Jc25nLJr
tweet
Offshore
Photo
The Few Bets That Matter
Few $NBIS notes after this quarter.
I'll be the bear, once more.
I continue to believe the market will punish the stock - or not reward it as much as many expect.
Not because the company isn’t excellent, but because it did not reward $GOOG, so why would it reward $NBIS for the same behavior?
Fundamentally, everyone will be bullish. Demand is through the roof, compute was sold out, management is planning to build more sites, etc...
Everything FinX wants to see.
From a market perspective, Q4 CapEx slowed down, guidance talks about ~20% increase of contracted power for FY26 without news on connected power, except for the upgrade from 7 sites to 16 sites.
This means FY26 CapEx will accelerate - just like for everyone else, and won't slow down FY27 as contracted power continues to climb.
More spending. Which was punished across all hyperscalers.
Also note that ARR guidance wasn’t increased, meaning no beat expected hence nothing above expectations and no buildouts closing faster than expected.
Some will say "why would you want more? It doesn't matter, they are executing at their pace"
I disagree. Acceleration is everything, otherwise you'll miss on expectations just like they did.
That revenue miss is due to real-world constraints, as I’ve shared yesterday and for months: you cannot build faster than physics and logistics allow you to.
The issue is that growth factually slows/doesn't accelerate. Growth stocks work on acceleration not stable growth.
The why doesn’t matter, even if you’re supply constrained.
Growth slows, CapEx increases, cash generation decreases, and there are no certainties that demand won’t be fulfilled by other hyperscalers by the time infrastructure is built.
Like many of you, I believe there will be demand and everything will be fine. But today, you cannot know. You can bet on it, but you cannot know.
That is the issue. And that is why the market might react like it did for $GOOG.
I continue to believe the company is excellent and its future is bright. And that the stock won’t be rewarded as much as many expect in the short term.
I’d love to be wrong.
tweet
Few $NBIS notes after this quarter.
I'll be the bear, once more.
I continue to believe the market will punish the stock - or not reward it as much as many expect.
Not because the company isn’t excellent, but because it did not reward $GOOG, so why would it reward $NBIS for the same behavior?
Fundamentally, everyone will be bullish. Demand is through the roof, compute was sold out, management is planning to build more sites, etc...
Everything FinX wants to see.
From a market perspective, Q4 CapEx slowed down, guidance talks about ~20% increase of contracted power for FY26 without news on connected power, except for the upgrade from 7 sites to 16 sites.
This means FY26 CapEx will accelerate - just like for everyone else, and won't slow down FY27 as contracted power continues to climb.
More spending. Which was punished across all hyperscalers.
Also note that ARR guidance wasn’t increased, meaning no beat expected hence nothing above expectations and no buildouts closing faster than expected.
Some will say "why would you want more? It doesn't matter, they are executing at their pace"
I disagree. Acceleration is everything, otherwise you'll miss on expectations just like they did.
That revenue miss is due to real-world constraints, as I’ve shared yesterday and for months: you cannot build faster than physics and logistics allow you to.
The issue is that growth factually slows/doesn't accelerate. Growth stocks work on acceleration not stable growth.
The why doesn’t matter, even if you’re supply constrained.
Growth slows, CapEx increases, cash generation decreases, and there are no certainties that demand won’t be fulfilled by other hyperscalers by the time infrastructure is built.
Like many of you, I believe there will be demand and everything will be fine. But today, you cannot know. You can bet on it, but you cannot know.
That is the issue. And that is why the market might react like it did for $GOOG.
I continue to believe the company is excellent and its future is bright. And that the stock won’t be rewarded as much as many expect in the short term.
I’d love to be wrong.
tweet
Offshore
Photo
Fiscal.ai
Veeva Systems is now trading at its lowest multiple ever.
EV/EBIT: 19x
$VEEV https://t.co/w2j911iZDE
tweet
Veeva Systems is now trading at its lowest multiple ever.
EV/EBIT: 19x
$VEEV https://t.co/w2j911iZDE
tweet
Offshore
Photo
The Transcript
Organon double miss
Interim CEO: "In 2026 our primary objective is to maintain operational performance that aligns with last year."
$OGN: -10% PM https://t.co/pZA6ItXEEw
tweet
Organon double miss
Interim CEO: "In 2026 our primary objective is to maintain operational performance that aligns with last year."
$OGN: -10% PM https://t.co/pZA6ItXEEw
tweet
The Transcript
$CRM CEO:
tweet
$CRM CEO:
SAAS alive & well at @openai & @AnthropicAI! 👀 + per user pricing!
https://t.co/S0WTQjoIVP
https://t.co/k06Xf3CapE tweet
X (formerly Twitter)
Marc Benioff (@Benioff) on X
SAAS alive & well at @openai & @AnthropicAI! 👀 + per user pricing!
https://t.co/S0WTQjoIVP
https://t.co/k06Xf3CapE
https://t.co/S0WTQjoIVP
https://t.co/k06Xf3CapE
Offshore
Photo
The Transcript
Sphere Entertainment CEO: "As we begin 2026, we remain focused on expanding Sphere’s global footprint, including advancing our plans to bring Sphere to Abu Dhabi and National Harbor.-..."
$SPHR: +14% PM https://t.co/5gOEJVEqbL
tweet
Sphere Entertainment CEO: "As we begin 2026, we remain focused on expanding Sphere’s global footprint, including advancing our plans to bring Sphere to Abu Dhabi and National Harbor.-..."
$SPHR: +14% PM https://t.co/5gOEJVEqbL
tweet
Offshore
Photo
The Transcript
TripAdvisor CEO: "Fourth quarter consolidated revenue of $411 million, flat with last year, was a result of accelerating revenue growth in experiences, offset by the expected pick up in headwinds in our legacy offerings"
$TRIP: -4% PM https://t.co/gRJpYg5gQr
tweet
TripAdvisor CEO: "Fourth quarter consolidated revenue of $411 million, flat with last year, was a result of accelerating revenue growth in experiences, offset by the expected pick up in headwinds in our legacy offerings"
$TRIP: -4% PM https://t.co/gRJpYg5gQr
tweet
Offshore
Photo
Dimitry Nakhla | Babylon Capital®
RT @DimitryNakhla: $SPGI CAGR Potential based on 2028 EPS estimates & different multiples:
EPS Estimates
Dec 2026: $19.82 (11% YoY)
Dec 2027: $22.28 (12% YoY)
Dec 2028: $24.90 (12% YoY)
CAGR assuming 2028 EPS Est:
25x → 17.4%
24x → 15.8%
23x → 14.1%
22x → 12.3%
21x → 10.6% https://t.co/lB9O0Xj4Nb
tweet
RT @DimitryNakhla: $SPGI CAGR Potential based on 2028 EPS estimates & different multiples:
EPS Estimates
Dec 2026: $19.82 (11% YoY)
Dec 2027: $22.28 (12% YoY)
Dec 2028: $24.90 (12% YoY)
CAGR assuming 2028 EPS Est:
25x → 17.4%
24x → 15.8%
23x → 14.1%
22x → 12.3%
21x → 10.6% https://t.co/lB9O0Xj4Nb
tweet
Offshore
Photo
God of Prompt
RT @godofprompt: OpenClaw hit 145K GitHub stars and became the fastest-growing open-source AI project in history.
But 90% of people installing it have no idea how to set it up safely.
That's why I built the OpenClaw Starter Guide. It covers:
→ Full architecture breakdown (Gateway, Agent, Skills, Memory)
→ 30-minute setup walkthrough for any hardware
→ Security hardening so you don't end up on Shodan
→ Memory upgrade prompt that makes your agent actually remember you
If you want a personal AI assistant that actually does things, not another chatbot, this is the guide.
Comment "Claw" and I'll DM it to you.
(Must be following me to receive it)
tweet
RT @godofprompt: OpenClaw hit 145K GitHub stars and became the fastest-growing open-source AI project in history.
But 90% of people installing it have no idea how to set it up safely.
That's why I built the OpenClaw Starter Guide. It covers:
→ Full architecture breakdown (Gateway, Agent, Skills, Memory)
→ 30-minute setup walkthrough for any hardware
→ Security hardening so you don't end up on Shodan
→ Memory upgrade prompt that makes your agent actually remember you
If you want a personal AI assistant that actually does things, not another chatbot, this is the guide.
Comment "Claw" and I'll DM it to you.
(Must be following me to receive it)
tweet