Nvidia just released its latest earnings report and, of course, it beat Wall Street analyst expectations once again, triggering algorithms’ FOMO buying in after-hours trading. Fun fact: Have you noticed that for the last 9 quarters, Nvidia has ALWAYS beaten analyst expectations for revenues and revenue guidance by $2 billion?…
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SOFTBANK’S KAMIKAZE BET ON OPENAI
By now, it is an open secret that OpenAI is quickly running out of cash and is in desperate need of funding. SoftBank’s latest earnings report shows that OpenAI has few alternatives other than SoftBank paying for the second tranche of the $40 billion it committed to invest in the…
THE DATA CENTERS FRENZY WILL BE REMEMBERED AS THE LARGEST WASTE OF CAPITAL IN HISTORY
There is not a single day anymore without an announcement of some sort from the AI bandwagon. Qualcomm just announced it will start selling its own AI chips (“Qualcomm Challenges Nvidia And AMD With Data Center AI Chips“), AMD announced a new $1 billion agreement with the DOE (“US Department…
WHY A JEFFERIES BAILOUT IS ONLY A MATTER OF TIME
I admit I never paid too much attention to Jefferies, since in the grand scheme of things, this bank is a relatively marginal player in the global financial system. I was fully aware, though, that their strategy to climb Wall Street league tables mostly relied on dealing with assets and…
NO ONE WILL CARE ABOUT A US SHUTDOWN, UNLESS IT SPARKS A BANK RUN
The United States is teetering on the edge of its 22nd federal government shutdown since 1976. While markets are dismissive—assuming, as in the past, that “nothing is going to happen”—this is more than just domestic political theater. If not resolved quickly, this shutdown could become a severe stress test for…
LIQUIDITY CRACKS WIDEN IN THE GLOBAL FINANCIAL HOUSE OF CARDS
Almost 10 months ago, I wrote the article “MOUNTING SIGNS OF LIQUIDITY PROBLEMS AMONG LARGE US AND UK BANKS” to highlight several elements pointing toward a buildup of liquidity problems in the banking sector. Three elements were particularly noteworthy at the time: Last week, something very interesting happened again: banks…
2025 FED STRESS TEST REVEALS HOW TODAY’S FED IS COMPLICIT IN HIDING BANKS’ PROBLEMS
The Federal Reserve just released the results of its 2025 round of stress testing on 22 major US banks, and personally, I have never come across something more ridiculous and hypocritical. Let’s start with the fact that the FED itself admits how it found it appropriate to make this year’s…
THAT SMELL OF SILVER SQUEEZE IN THE AIR
More than one year ago in the article “IS THIS HOW BANKS ARE CONCEALING THEIR LOSSES ON SILVER SHORT POSITIONS?” I first tried to bring attention to several anomalies happening in the Silver market that could only be explained by active price manipulation activities on LBMA and COMEX contracts. Why…
IS THIS A MINSKY MOMENT FOR US TREASURIES?
Something special happened today, or to be precise, did not happen. As Israel started its new military campaign against Iran, all risk assets in financial markets started to dive, from stock futures to crypto. Understandably, oil prices started to spike in what can potentially become a “VAR shock” event if…
CHEF’S TABLE: NVIDIA
NVIDIA’s cooking of its financial earnings has reached a level of beauty and sophistication that the company should be awarded 3 Michelin stars and be featured in an episode of the popular Netflix series Chef’s Table. Get comfortable because this episode is going to be one with many “Woah!” Singapore…