The most misunderstood balance sheet in AI infrastructure may be DigitalOcean’s. While many neoclouds stack convertible notes and vendor debt,

June FINRA margin debt printed $1.502 trillion, the first reading in history above $1.5 trillion. It rose $281 billion in

June FINRA margin debt reached $1.502 trillionthe first print above $1.5 trillion. It rose $281 billion in one quarter, up

A market can look healthy from the index level while individual books are getting hit. This year has been a

Many narratives saying this market has run too far. Fine. Here are four of the most “bubbly” names in AI

Why is the market willing to pay more for some growth and less for other growth? The answer is usually

The market can separate a company’s progress from its stock price. A business may keep executing while the equity falls

This is the whole $WYFI thesis in a nutshell. Training is episodic → a capex spike that ends. Inference is

Classic divergence between company and stock price. $ASTS keeps executing and is more derisked with better r/r from when its

The NAAIM Exposure Index reached 98.59 this week. In plain English, the average active manager is essentially fully invested. That