joe wisenthal

T3 · host / generalist

Co-host of Bloomberg's Odd Lots podcast; financial journalist with deep coverage of markets, macroeconomics, and technology. Provides public-markets perspective on AI capex, semiconductor cycles, and compute economics.

5 calls·4 names·20% bull·last heard 13 days ago·TBPN
track record

no scored calls yet — needs a stated position or a categorical verdict, with a matured window vs SPY

top calls

highest conviction · one per company
1sthigh conviction
$NVDANvidia

Wisenthal Warns Nvidia Faces Monopsony Risk As Frontier Labs Build Own Chips

Nvidia's largest customers (frontier AI labs) are vertically integrating chip production and diversifying suppliers, creating monopsony conditions that could erode Nvidia's pricing power and moat.

TBPN2026-07
2ndhigh conviction
$000660.KSSK Hynix

SK Hynix Shares Fall 10% Despite 500% Profit Growth On Priced To Perfection Valuation

SK Hynix delivered record quarterly profit growing over 500% driven by AI demand, yet the stock sold off because expectations were priced to perfection, leaving no room for positive surprise.

TBPN2026-07
3rdmedium conviction
$ANTHROPICAnthropic

Wisenthal Sees Anthropic As Potential Winner Take All Across AI Price Curve

Anthropic's rapid release of Opus 5 positions it to dominate both high-end and cost-efficient model tiers, potentially creating a single winner that captures the entire price curve.

TBPN2026-07
5 total
$NVDA
···
Nvidia
HIGHjoe wisenthal·TBPN·13 days ago
Wisenthal Warns Nvidia Faces Monopsony Risk As Frontier Labs Build Own Chips
Nvidia's largest customers (frontier AI labs) are vertically integrating chip production and diversifying suppliers, creating monopsony conditions that could erode Nvidia's pricing power and moat.
"the nightmare scenario for Nvidia... is that it basically has it the two one or two labs break so far from the pack that it's just, you know, it's almost monopsiny conditions. And…"
45:04
$000660.KS
···
SK Hynix
HIGHjoe wisenthal·TBPN·13 days ago
SK Hynix Shares Fall 10% Despite 500% Profit Growth On Priced To Perfection Valuation
SK Hynix delivered record quarterly profit growing over 500% driven by AI demand, yet the stock sold off because expectations were priced to perfection, leaving no room for positive surprise.
"SKH Highix $64 billion in quarterly profit. It was a disappointment for chip investors in SKH Highix fell 10% despite record results powered by the AI boom. The the the profit inc…"
56:30
$ANTHROPIC
Anthropic
MEDjoe wisenthal·TBPN·13 days ago
Wisenthal Sees Anthropic As Potential Winner Take All Across AI Price Curve
Anthropic's rapid release of Opus 5 positions it to dominate both high-end and cost-efficient model tiers, potentially creating a single winner that captures the entire price curve.
"in a market where there's if there is one winner that winner could emerge all up and down the price curve and so you have like your Gemini flash level frontier. Yeah. And I mean t…"
51:00
$META
···
Meta Platforms
MEDjoe wisenthal·TBPN·13 days ago
Wisenthal Notes Meta's Contradiction As Top Anthropic Customer While Advocating Open AI
Meta is a major customer of Anthropic (fueling a competitor) while simultaneously publishing op-eds arguing against AI monopoly, revealing a strategic tension between its procurement and policy positions.
"he's probably top three largest customers of Anthropic. Oh, sure. Right. Uh so so he's the one fuel, you know, fueling all of this and then and then right two months later he's li…"
49:50
$NVDA
···
Nvidia
MEDjoe wisenthal·TBPN·13 days ago
Compute prices may reverse decades of deflation and rise significantly
The historical iron law of falling hardware costs (memory, compute) has reversed in the last two years; AI demand could drive compute prices substantially higher, upending assumptions about token price deflation and creating a structural shift for chip economics.
"the extraordinary drop in token prices right like if you go back to like GPT3 token prices they're down like 99.9% but like you Now, so we think, okay, there is some iron law that…"
61:43