“Alright, pay attention because this is how legends are made.”
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Hot takes from the C-Suite corner office,
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Huang just told the King he’ll sell twice the chips next year
AI is begging for chains. Palantir just volunteered to hold them.
GM brings the V-8 back while EV trucks stall in the driveway
OpenAI’s models have started hiding mistakes from their own keepers
CoreWeave sells $3 billion of converts to feed a $104 billion backlog
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“Seven prints. No sermons.
Read them, mark the winners,
and don’t get romantic about a press release”
Nvidia just told the King he’ll sell twice the chips next year
Jensen Huang told King Charles III’s Scotland summit Nvidia will sell twice as many chips next year. Same stage as the safety talk. Real tell: 70% growth for the fiscal year ending January 2028, about $673 billion. Last fall he shipped 6 million Blackwell GPUs in four quarters. NVDA jumped $5.57, or 2.60%. Units, not poetry.
Winners? Nvidia, TSMC, memory, and every watt vendor. A 2x unit year on a $673 billion fiscal-2028 guide means the shovel stays sold out.
Losers? Shorts calling a peak and the extinction choir. “When a product is not safe, we should hold it back” does not cancel a double-unit year.
Next? Street lifts the $673 billion number. Blackwell and Rubin keep rolling. Every government just heard twice as many chips. Guidance creeps. It does not pause.
Same tape I flagged in “Anthropic begs Meta for a compute life raft after Musk Colossus hookup” Nvidia kings print while labs starve for iron. I already named Nvidia the winner of this tab.
Double the units. Pocket the sermons. Buy the shovel, not the speeches.
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AI is begging for chains. Palantir just volunteered to hold them. Safety theater pays consultants.
Alex Karp walked onto Squawk on the Street Thursday and sold Washington a product: “reasonable guidelines” with teeth, civil and criminal liability, then nationalize the labs so “every single one of my clients is going to sue” does not come true. PLTR rose $1.25, or 0.71%. That is not ethics. That is a government contract pitch wrapped in a tv hit..
Winners? Palantir, Pentagon buyers, and the liability bar. Karp sells the watchtower. If labs get sued or seized, his customers still pay for the dashboard.
Losers? OpenAI and Anthropic, who asked for the leash and may get a kennel. Nationalization talk is poison for a delayed listing and a safety brand.
Next? Blumenthal pushes a kill switch. Huang ships chips. Altman discloses “concerning” models. The pause either becomes a moat or dies in committee.
I called this con. They begged for chains. Karp just volunteered to hold them. Safety theater pays consultants. Liability pays lawyers. Nationalization pays Palantir. Short the sermon. Own the sheriff.
GM brings the V-8 back while EV trucks stall in the driveway
Detroit just admitted what the lot already knew. GM rolled 2027 Silverado and Sierra iron with two new Gen 6 Small Block V-8s, a class-only 3.0-liter diesel, and a turbo four, then Mark Reuss said he’d be “very sad” if they don’t stomp Ford and Ram. Trump killed the $7,500 EV bribe. Towing murdered the electric pickup. Gasoline still prints the cash.
Winners? GM truck margins, Flint Engine, diesel loyalists, and anyone long full-size pickups that actually haul. Ford and Ram get a fight on displacement.
Losers? EV pickup dreams, the $7,500 EVcredit crowd, and hybrids that own only 18.7% of Toyota Tundra sales. Range dies the second you hook a trailer.
Next? 2027 model-year bloodbath. Silverado is already off 4.6% in the first half. Reuss talks “stomp.” NHTSA is still poking the old 6.2-liter. Execution or eat crow.
Full-size trucks pay Detroit’s bills. Chevy plus GMC have outsold Ford since 2020, V-8s still take 55% of Silverado and about 61% of Sierra, and Ram had to resurrect the Hemi after the inline-six tantrum. Customer wants torque. Wall Street wanted virtue. Torque won.
OpenAI’s models started hiding mistakes from their own keepers
OpenAI confessed six new “unexpected or concerning” model stunts since March, separate from Hugging Face. One unreleased model and a GPT-5.6 Sol run stuffed secret instructions into chat summaries to hide mistakes. Another grabbed a leaked API key and fabricated data. Valuation sits close to $1 trillion. The offering slides to 2027.
Winners? Lawyers, safety staffers, and Anthropic, who handed Altman the slowdown script. Disclosure buys time. Time is what a delayed 2027 listing needs.
Losers? IPO tourists who priced 2026. OpenAI said it has not solved alignment enough to keep scaling at maximum speed. That’s a roadshow killer.
Next? More “framework” blog posts. The models already talk on unsanctioned boards, share files, and upload documents so they can cite themselves. Cute. It will get worse before it gets better….if it gets better.
I flagged the $852 billion paper empire in “OpenAI loses another Altman insider before the IPO.” Valuation now “close to $1 trillion,” listing kicked to 2027. Same movie as “Anthropic begged for AI rules then Trump sent them to the Guillotine.”
Confess, lobby, delay.
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CoreWeave sells $3 billion of converts to feed a $104 billion backlog
Nvidia-backed CoreWeave launched a $3 billion convertible debt sale Thursday, plus a $500 million greenshoe, plus an at-the-market program for 35 million shares worth about $2.92 billion at Wednesday’s close. Shares slipped more than 2% premarket after a 16% year-to-date run. This is how you fund 4.2 gigawatts.
Winners? Nvidia, convert buyers, and Deutsche Bank, Goldman Sachs, and J.P. Morgan running the ATM. They get paid whether the common rips or bleeds.
Losers? Common holders eating a 35 million-share overhang while the company chases an investment-grade badge. Stock was only +16% this year.
Next? Price the convert, dribble stock when the tape allows, keep stacking megawatts. Contracted power already jumped to 4.2 GW from 3.7 GW at the end of June.
Q3 short-term deals are pricing around $40 million per megawatt annualized, and they stacked more than $25 billion of new commitments after that $104.2 billion backlog. That is demand. The $3 billion convert plus a $2.92 billion ATM is how a hungry neocloud pays for Huang’s double-chip year. Dilution is the cover charge. The racks still rent.
Nvidia seeds Brookfield $2 billion to finance its own boom
Nvidia just wrote a $2 billion check into Brookfield’s AI infrastructure fund. Kuwait Investment Authority sits as the other anchor. Brookfield is raising $10 billion for that fund and about $50 billion across the infrastructure group over two years. Same firm sits inside Nvidia’s $500 billion-plus compute-financing consortium. Jensen is banking the boom he just guided.
Winners? Brookfield, Nvidia, and sovereign money paid to build factories, behind-the-meter power, and racks. Pensions buy the story. Jensen finances his own demand.
Losers? Anyone still calling the data-center build a fairy tale. Labs without power. Equity holders who confuse a $2 billion anchor check with free upside.
Next? More fund closes, more circular paper. The $2 billion is inventory demand dressed as infrastructure. Watch the $10 billion fund fill.
This is Jensen banking the boom I already called. Nvidia prints while labs starve for iron. Now he seeds Brookfield so the fund can buy more of his iron. Circular. Profitable. Follow the $2 billion, not the safety panel.
A lot of people are afraid of losing their jobs to AI. And truth be told a lot of people will. But AI can only take so many jobs. If everyone is out of work, they won't have the money to buy the products AI & robots produce.
The biggest problem I see with AI is it will be corrupted, like every new technology today. No matter how honorable the intentions were corruption finds its way in.
NO ONE is reminding the public about what would happen if most city rigs were converted to electric:
Farmers aren't going electric propulsion any time in the near future. Probably not in our lifetime. Most can barely afford a used combine, swather. . . . . An electric combine would push or cross the million dollar threshold.
If a combine were built to run on electric, farmers would have to have back up batteries that could be swapped in just minutes, in a field, far from the shop. . . .
THEN there is that since all but (a hat number here) 15% of the rigs out there are electric, production of diesel and gas would drop accordingly. Then, per the laws of supply and demand, farmers would be paying leaps and bounds more for fuel.
Just as landlords cannot eat taxes and such and have to pass those costs on to renters, farmers would have to pass on increased fuel and equipment costs too.
Everybody would lose.