SPAC Thoughts

Incomplete data is the reason the markets have overblown the CoreWeave risks This will be fixed soon, but the opportunity remains until 2 VERY important developments happen 1. Quarterly financial reporting from OpenAI and Anthropic 2. Better tracking of GPU / compute pricing Nebius just gave us the first version of their own spot GPU pricing across various regions and models The more actual data the market has, the better the market can forecast and model and the less irrational the market becomes I think the Coreweave scare is overblown and it's happening because the market has incomplete data about AI revenues from the 2 most important companies and incomplete data on the pricing and longevity of compute Of course, this is a nascent market so this is all part of the process. It's also a big reason why we still get incredible buying opportunities for companies like CoreWeave and Nebius, as the market confuses its forecasting and overstates the risks Once we get quarterly reporting from the AI labs and clean GPU pricing data globally, the alpha will no longer exist and the opportunity in the compute market will be a lot less interesting In the meantime, as investors, we need to take advantage of this opportunities while we can! This is exactly why I bought $NBIS last week and sent a signal to our Milk Road PRO members to accumulate at $164. You can see what else I own in my portfolio here: link.milkroad.com/t5837z