Archive - On Theme: Takeoff

Theme-beta is the Alpha: AI Capex is Inelastic.

Beyond chasing charts: do the Mythos trendlines and OpenAI's Erdős breakthrough make tapping the Capex brakes extremely improbable?

11 hrs ago • On Theme

NVDA is remarkable. It's also too big.

Why their bull case and bear case both point elsewhere.

May 21 • On Theme

Semis: Be careful betting on Single Names vs. ETFs.

Don’t overpay for “dispersion premia” that you aren’t using.

May 20 • On Theme

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