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Nvidia (probably) saved the day
Together with Good Morning, Nvidia’s crucial earnings beat didn’t do much to boost stock market sentiment after-hours, at a time where US equities are already taking a beating. On a related note, active fund allocation to Big Tech stocks fell to the lowest since 2008. Move on from the daily deluge of tedious tasks and …
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Mediocre 7
Together with Good Morning, US stocks tumbled further after another round of pessimistic economic data, with major indexes turning negative YTD and Big Tech stocks taking a blow on the compounding threat of Chinese AI competition. Investors are nevertheless unironically hoping for Nvidia’s earnings today to change the tide. Automate your complicated business spend and … -
When AI meets Wall Street. A deep dive on Brightwave
Brightwave is revolutionizing the way Wall Street professionals work with their powerful AI platform. If you work in financial services, this deep dive is for you.
More from the archive
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“Golden Age of Capital”
Together with Good Morning, ECB hiked rates, Polymarket named its first CFO, DeepSeek dealt another blow to OpenAI, bond markets are getting cooked, Texas is already winning primary market listings from NYSE, and an Apollo executive is seeing a 'golden age of capital' as firms spend on capex. Today's letter is brought to you by … -
Huge Day for AI Doomsayers
Together with Good Morning, While X was going crazy with Jacob Coxon's AI doomio post, Apple unveiled its first ever foldable iPhone. The priciest model costs $3,200, making it the most expensive mass-market smartphone ever. CME now offers single-stock futures on some of the biggest names and NinjaTrader is allowing you trade them risk-free on … -
The Apollo Premium
Together with Good Morning, Labor Day week kicked off to a slow start on the news front, though deal flow came in hot across M&A, startups and fundraising. Two academics also published an interesting paper on firms backed by Apollo. Somehow, Apollo's portfolio companies are paying 100 bps extra for debt compared to typical PE-backed … -
Another $1 Trillion to Nvidia
Together with Good Morning, Robinhood will underwrite is first IPO, another billionaire founder is in for a no-prenup divorce, Berkshire's new CEO is looking to join the AI hype train, US job growth surged exclusively on the back of women, and Jensen Huang declared "AGI has arrived" following OpenAI's release of Astra. Welcome back from … -
OpenAI back up top?
Together with Good Morning, OpenAI claims that it has overtaken Anthropic with the release of its latest Astra model. Funny enough, all of ChatGPT, Claude and Grok went down simultaneously yesterday. And for whatever reason, we have Bernie Sanders introducing a bill to ban AI that surpasses human intelligence🤦 Let's dive in. Before The Bell … -
Messi the VC
Together with Good Morning, Apple awarded CEO John Ternus a $58M pay package, Anthropic patched relations with the White House, Google will avoid a breakup of its ad tech business, US private credit firms are marking down more loans, and Messi is quietly building a VC portfolio as he retires from international soccer. As you … -
Wall Street vs Big Law
Together with Good Morning, Bonds continued to selloff yesterday after US and Iran re-upped their military drama. Elsewhere, AI is hitting college graduates in the heart of America's data center boom, foreigners are stripping UK's stock market dry, Wall Street banks are pushing Big Law to cut fees because of AI, and Dyson released a … -
Revolutionary War: Live on the Timeline
Together with Good Morning, The Palmer Luckey vs Paul Graham conflict has entered day 3. The general consensus is that the American is winning🇺🇸🇬🇧🤷♂️ In other important news, the US-Iran conflict reignited with fresh strikes, EY is setting aside a special bonus pool for staff who showcase 'human' skills, Sequoia's Doug Leone claims he was … -
It’s America’s World
Together with Good Morning, Baldness drugs are gripping Wall Street, day traders are abandoning Korean leveraged ETFs, Drake sold a controlling stake in his OVO brand, US is covertly transporting oil through Hormuz, and US will take control of one-fifth of Venezuela's entire oil reserves in a 100-year deal, with Venezuela potentially exiting OPEC. By … -
KD the VC
Together with Good Morning, Nvidia paused its revenue-sharing deals with AI cloud companies, CitSec posted record Q2 trading revenue, ex-Barclays CEO Jes Staley shared confidential JPMorgan client and deal information with Epstein, and Kevin Durant is set to record the best athlete investment ever after his seed/Series A investment in Hugging Face delivered a 240x … -
Bill Gates Goes Full Ray Dalio
Together with Good Morning, Bill Gates published a 6000-word essay on the dangers of AI and his proposals to protect against repercussions of rapid growth. Reads just like Ray Dalio, except he swaps US debt for AI. Elsewhere, Druckenmiller 'proudly' used AI to dunk on his protege Bessent, Bessent's bond intervention is putting the Treasury … -
Collateralized LeBron Obligations
Together with Good Morning, Anthropic is expected to project a $30T TAM to IPO investors, OpenAI's head of data centers Chris Malone quit, modern romance is getting a financial reality check, and LeBron James borrowed $300M from affiliates of then Lakers-owner Mark Walter months before joining the Lakers. Defiance launched the first US-listed MLCC & …