Full post here: ianbezek.substack.com/p/asr-…

Picking up steam. Lovely chart on $AVAL into the new administration.

Colombia election basket unbothered by AI jitters today. $AUNA 6% $AVAL 5% $CIB 4% $TGLS 3%

OpenAI IPO?

Spotify's $SPOT new type in a custom playlist and it makes it for you feature is *really* good. All their private data your own listening patterns is a perfect AI/big data use case. And it gives you notes why it picked each song, fun and helps make better prompts.

Colombian Peso up more than 3% this morning. One of the biggest one-day moves in years. $COLO $AVAL $CIB etc. will be way up today.

Once again thankful that my grandma bought $IBM stock in 1984 and passed it on to me. She must have known it'd be one of Trump's AI/quantum stock winners.

Congrats Abelardo, managed to win almost all the Paloma voters over. He's the heavy favorite for the run-off now. Colombian stocks should be way up tomorrow.🐅

Final guess ahead of tomorrow's 🇨🇴 vote. First round: *Cepeda 38 *Abelardo 32 *Paloma 18 Run-off: *Abelardo 50 *Cepeda 46 Feel free to mock me if this ages poorly.

Argentina $ARGT quietly breaking out again. $GGAL and other banks have a lot of upside from here if this confirms. Interesting given that Milei's approval rating dropped a lot in Q1.

And the market has settled on the correct odds 65/35. Now we'll see how the vote goes Sunday. $AVAL $COLO $CIB etc.

Fun one from the 2021 SPAC hysteria. Arqit Quantum $ARQQ projected $660 million of revenues in FY' 25. Actual revenues: $0.5 million. Only $659.5 million short.

$INTR is a long @$6.40. Materially oversold over past month. Hyper-growth digital banking powerhouse in Brazil trading at 7x EPS. Currently running a 15.5% ROE but guiding a 28% ROE at mid-point by 2029. If mgmt hits target, co is sub-3x 2029 EPS. ROE target highly achievable 1/n

AI is a useful tool that will boost productivity for many particular uses and applications. It's not going to lead to AGI anytime soon, and that's quite alright. There is massive overinvestment in AI now which will lead to hundreds of billions of writedowns. But this happens with most new technologies. The people uniformly opposing all AI development will look foolish in 10-20 years. But all-in AI proponents presenting it as "we will eliminate average peoples' jobs in order to raise profit margins for the billionaire class" literally couldn't have come up with a worse sales pitch.