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VK @vkmacro.bsky.social · 12h

Summer’s over 😎

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VK @vkmacro.bsky.social · 16h

Oh and I’m not even a London doomer (since I love coming back whenever I do)

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VK @vkmacro.bsky.social · 16h

Don’t live in Dubai, and I also don’t think I could, but Abu Dhabi is pretty great.

There are genuine pros and cons of both even putting aside the money.

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VK @vkmacro.bsky.social · 1d

Sadly I’m not a PC guy but keen to learn more

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VK @vkmacro.bsky.social · 1d

What’s the best thing to read on the BDC issues/ drawdown?

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VK @vkmacro.bsky.social · 2d

“We dont need risk management” or similar was the jist of the conversation

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VK @vkmacro.bsky.social · 2d

Dude thinks he’s Buffett - I’ve met him

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VK @vkmacro.bsky.social · 2d

I know it’s early but I’m most excited for Amazon’s earnings this quarter.

- We get a sense of rebounding (or not) retail revenues including margins
- How anthropic is boosting AWS revenues
- Outlook for their new Tranium chips - which Semianalysis calls Amazon basics lol

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VK @vkmacro.bsky.social · 3d

Such an egg head

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VK @vkmacro.bsky.social · 3d

Yep fair point!

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VK @vkmacro.bsky.social · 3d

His history at Tesla tells us he will absolutely go all in with debt etc when needed so no reason for him to change tact here I suppose.

VK @vkmacro.bsky.social · 3d

So openAI gets 100bn from NVDA while xAI and Elon gets 2bn as part of a follow on round plus has to take out 12.5bn as part of an SPV?

Doesn’t sound great for him

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VK @vkmacro.bsky.social · 4d

Thanks looking toward to this one

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VK @vkmacro.bsky.social · 4d

I am also doubting the revenues. We don’t know how it’s attributed

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VK @vkmacro.bsky.social · 4d

How are oracle generating revenues on gb200’s if most of their new DCs are being built?

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VK @vkmacro.bsky.social · 4d

They literally included deprecation 😂😂😂😂😂😂

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VK @vkmacro.bsky.social · 4d

This makes 0 sense.

Coreweave gross margins are 75%. Semianalysis estimates Oracle’s GMs at 80%.

All costs other than housing and electricity occur below the line.

Coreweave’s excess capacity was rented out by Meta.

The Information @theinformation.com · 4d

Exclusive: Oracle’s AI Cloud Business Has a Razor-Thin, 16% Gross Profit Margin, New Data Show

Internal documents at Oracle show the financial challenge of buying and renting out Nvidia chips.

Read more from Anissa Gardizy, Anita Ramaswamy and Cory Weinberg 👇
https://thein.fo/4mRdOdq

Internal Oracle Data Show Financial Challenge of Renting Out Nvidia Chips

Oracle became the best-performing megacap stock of 2025 after its executives said last month that the once-sleepy database firm will generate an astonishing $381 billion in revenue from renting out sp...

www.theinformation.com

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VK @vkmacro.bsky.social · 4d

People forget how long it takes to bring online large infra projects.

Largest 1GW DCs won’t be operational until H2 2026.

I think extreme shortage in all things infra is likely until then

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VK @vkmacro.bsky.social · 4d

This is exactly right

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VK @vkmacro.bsky.social · 4d

Can imagine!

I think the HF life means you get caught up in a lot of noise, but can often miss the big picture. Also this is a better way to live life when running money

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VK @vkmacro.bsky.social · 4d

In this industry having time to think and slowing is so important.

It’s easy to go from one project to another, produce a report with some implications and then move on.