Holy sh*t New $SoFi trademarks just dropped

More rockets in the hangar at LC-1 than we’ve ever had before. We’re lining up a busy few weeks of back-to-back-to-back-to-back launches from the world’s first private orbital launch site 🚀🚀🚀🚀

$SPCX IS NOW 6TH LARGEST PUBLIC COMPANY IN THE U.S.

Strategy, strategy, strategy. So guys, after the SK Hynix Q1 call, I revised the strategic ranking of the three HBM suppliers and rebuilt the scoring framework as we got new information. A few things to say about strategy first, because I think it’s the most underrated variable in how people read this market and how they navigate it, especially with this everyday news flow in HBM, which does not give you a single clear picture of what actually is going on. We integrate this in our full HBM research, and this is just a part of it. So why strategy matters more than most people think. Most semiconductor investors focus on capacity, technology, and pricing, which are all important, but it does not mean anything without the strategic framework the company executes against. What tells you who wins in the long term is strategic position. A strategic position is a compound of outputs related to choices that a company makes under pressure over years that also produce the culture and capabilities the company actually has today. So we frame it through customer preference versus strategic positioning. When you look at the supplier, there are really two questions that are related to this. The first one is whether the supplier delivers what customers are asking for today, and the second is whether the supplier holds a structural position that has enough strength through multiple generations. A supplier can win the first question and lose the second. That is crucial to understand when you analyze a cycle like this. And customer preference does not tell you whether the supplier still has a defensible position in, let’s say, 2028 or 2029. In these timelines, you get HBM4 mass production and HBM5, which has a custom base die, which makes full-stack integration a deciding variable. So we build two separate matrices, one for each question. In Matrix C3, you see the combined aggregate and why we weighted 40–60 in advantage of strategic positioning. The 40–60 split is a judgment call, and I want to be transparent about it. You could argue 50–50 or even 70–30 depending on your time horizon. Our reasoning is that the 2026 to 2030 window that we are analyzing is defined by structural scarcity and contracted multi-year architecture. This is backed by the HBM engine I built to track certain constraints. I have to put a side note on this, though, because cumulative evidence currently weighs a 64% scenario that it will lean into structural scarcity and contracted multi-year architecture, but it is not concluded yet, as we are waiting for multiple T01 signals to acknowledge it. So we are still monitoring the situation upfront. I wrote a full article on SS for free with an explanation of how we come to certain weightings and why certain weighted scenarios matter more than the other ones in our eyes. The link is in the comments, and you can fully read it for free. This is just a snippet of our total HBM research that we are building, so more soon. $005930.KS $000660.KS $MU $SNDK $NVDA $AMD

$RKLB JUST JOINED THE NASDAQ 100

Anthropic’s Dario Amodei has only 1 direct report, his chief of staff. The rest of Anthropic’s executive system flows through Dario’s sister, Anthropic President Daniela Amodei, who handles daily operations and reports to the board. For some comparison, OpenAI CEO Sam Altman has around half a dozen direct reports, while Nvidia Corp. CEO Jensen Huang has 60 people reporting to him. --- From "Bloomberg Originals" YouTube channel, (link in comment)

JUST IN: 🇺🇸🇸🇦 United States officially becomes the world's largest oil exporter, surpassing Saudi Arabia.

🚨BREAKING: Crusoe announced it “paused” its ~1.8 GW Wyoming project Bloomberg says that’s not what happened. Reality: Google kicked them out >Google was the main customer, walked away over costs and timeline >utility moving forward WITHOUT Crusoe >Google negotiating directly with remaining partners >Oracle and OpenAI also declined to expand with Crusoe in Texas CRUSOE IS COOKED

NEW: Jeff Bezos reveals his new startup Prometheus is building an “artificial general engineer” as it hits a $41,000,000,000.00 valuation.

We’ve got NVIDIA B300s running 🚀 Blackwell, live at our tier 3 Columbiana facility. The frontier, online. $DGXX around the clock!

Oracle $ORCL added $85B in booked future revenue in 90 days. Customers are prepaying for GPUs before the datacenters are even built. Prepaid and customer-supplied hardware now totals $75B Demand is so far ahead of supply that buyers are funding the seller.

U.S. Central Command forces began launching additional self-defense strikes today at 5:15 p.m. ET against multiple targets in Iran at the Commander in Chief’s direction. The strikes are in response to Iran’s unwarranted and continued aggression.

Oracle $ORCL added $85B in booked future revenue in 90 days. Customers are prepaying for GPUs before the datacenters are even built. Prepaid and customer-supplied hardware now totals $75B Demand is so far ahead of supply that buyers are funding the seller.