Chip stocks are clearly a bubble but it probably won't burst any time soon.
It looks like some old dogs like Micron and Sandisk have learned some new tricks, or more likely have gotten swept up in the hype of the chip stock bubble.
What I find much more interesting is Bitcoin price (yes I am talking about price) used to highly correlate to high growth tech, but that was when high growth tech was driven by software stocks. Since Bitcoin has been in a bear market and become completely uncorrelated to the surging Nasdaq I wonder if this will break Bitcoin's correlation with tech stocks or if it is just a symptom of the bear market and once the next bull hits they will be in lockstep again.
I remain hopeful Bitcoin will eventually be correlated with people trying to get out of fiat by saving and using sound money rather than people trying to get into more fiat by "investing" in tech stocks.
Let's go Stacker Stocks!
Memory is a huge bottleneck in the AI build-up and these are pretty much the only US providers.
Samsung and Hynix are in Korea but they have to deal with labor unions.
Samsung is facing 18 day strike which should help Micron
Also, don't forget western digital which spun off sandisk
The four year cycle continues. Last cycle ATH is the new floor. Just a bummer we only doubled.
Next ATH won’t be $250k might only be $200 or worse $150k
I wouldn’t mind if it only doubled. Even $150k is fine. More sats for people who need them the most. Bitcoiners have become very entitled about the price action.
Stonks aren't really up on a PE basis vs last year, flat to down, growth is real and that's what's being chased
Was just watching the Bessent presser and he mentioned last year was a fiscal contraction, DOGE, shutdown etc... printer tooking a breather, if not ran in reverse with deflation naturally occuring from reduced velocity and debt payments
Stonks will probably keep out performing as long as there is growth to chase or front-run and the money printer isn't in overdrive to paper over stagnation
Yeah the Ansel piece I posted yesterday kind of explained what is going on.
This thesis makes sense to me. Everyone is on the AI hype train as it will bring everyone riches while Bitcoin is old news so the speculative dollar is chasing that trade.
I think LLMs have some use but I don’t see where the revenue will come from. To justify these crazy valuations and the unbelievable Capex spend.
Stock prices are about future profits, and there are two paths which can be taken simultaneously, that AI is on a self-reinforcing upward spiral which will eventually make good on those profits, and that a weak dollar (the ultimate NgU technology) will eventually consume any overhang the market might reach. Bitcoin is under house arrest and as such is bet on working and waiting its way out to freedom.
Yeah, ridiculous. What a pathetic development
We never did find out what broke in the crypto complex in October but it certainly convinced everyone the 4 year cycle is alive and you should sell every rally until Q3 2026.
Sell what? I don't have anything
https://twiiit.com/HodlMagoo/status/2060056824506720469
Im interested in watching Warsh navigate his first year, raise or hold and Trump will be chewing his ear, lower and Wall st will think he's compromised
I think they will try to maintain rates as long as possible.