Aravind Srinivas: Meta's capex doesn't justify a pure social/ads narrative
Meta's capex spend is only justified by a 6-8% bump in ad accuracy, which isn't enough. They need to transform into a subscription/cloud play or watch the multiple adjust lower. M…
Srinivas: Micron could surpass Meta in value within 12 months as HBM bottleneck supplier
Micron supplies high-bandwidth memory (HBM) which remains the critical bottleneck for AI infrastructure; whatever component is the bottleneck commands pricing power and outsized v…
Srinivas: AMD benefiting as CPUs become bottleneck again for agent workloads
Agent loops and harnesses run heavily on CPUs for orchestration, data transformation, and tool use, creating renewed enterprise CPU demand that benefits AMD.
Aravind Srinivas: Nebius and CoreWeave can be sustainable multi-billion-dollar companies
Operationally it's hard to be a data center operator; permits, power, and supply chain all matter. Nebius differentiates with inference software (AWS-style) built on top of the ca…
TSMC to invest $150B in American fabs; a sovereignty tailwind
TSMC has already invested $40-60B in Arizona fabs and is committed to a total of $150B. The sovereignty/onshore-manufacturing trend toward American fabs is massive and benefits TS…
Anthropic at $1-1.5T in 6 years equals Meta in 20; nobody is comfortable
Anthropic created Meta-equivalent value in 6 years; but frontier model providers only stay relevant if they keep pushing the frontier. If there is no new capability in 6 months, t…
Srinivas picks SpaceX over OpenAI/Anthropic for 10-year hold: unique space infrastructure moat
SpaceX is the only company building space-based connectivity infrastructure (Starlink) with no direct competitor, whereas OpenAI and Anthropic compete directly with each other on…
Aravind Srinivas: Jensen runs Nvidia as if it were 30 days from bankruptcy
Jensen Huang is extreme in his truth-seeking: a $5T market cap and $500B of guaranteed revenue over two years, yet he operates as if they were 30 days from going out of business.…