Four years of navigating the tempestuous seas of market cycles, of chasing the ever-elusive “venture scale,” have led to this moment. Unlike the many projects that vanish into the ether, Entropy exits with a modicum of dignity, returning capital to its investors. A rare gesture in a world where greed often trumps grace.
AMD, a company once content to dwell in the shadows of its larger rival, now fancies itself a leading man. Its data center chips, though still trailing Nvidia in the grand scheme, are experiencing a surge in demand. The third quarter, we are told, saw record sales of its EPYC processors, driven by the insatiable appetites of Google, Microsoft, and even Alibaba. A flattering report, certainly, but one must ask: is this genuine appreciation, or merely a temporary indulgence?
These instruments, ostensibly dedicated to the pursuit of low-risk income through the acquisition of U.S. Treasury obligations, represent a peculiar paradox. They are, in essence, a formalized admission of systemic fragility—a recognition that the pursuit of unbridled growth necessitates the concurrent construction of elaborate bulwarks against its inevitable failures. The conservative investor, it appears, is not seeking prosperity, but rather the postponement of reckoning.
The justification, as presented, is the surge in gold prices. This morning, the metal breached the $5,000 threshold, settling at $5,070.70 per ounce. An 83% increase over the past year, and a further 17% year-to-date. One begins to suspect the numbers themselves are multiplying independently of any tangible reality. The implications for Newmont, a purveyor of this shimmering substance, are, naturally, considered favorable. Scotiabank, it appears, is updating its projections for all companies engaged in the extraction of precious minerals, a process that feels less like analysis and more like an attempt to retroactively impose order on a chaotic system.
In a scene reminiscent of a desperate struggle between vice and virtue, Dash experienced a clear reversal from its recent pinnacle near $97. Aggressive buyers, once bold and brazen, suddenly found themselves paralyzed by fear as the specter of profit-taking loomed large, casting an ominous shadow over their once bright aspirations.
The prevailing discourse regarding this “AI” focuses largely upon the more visible instruments – the processing units, as it were – which perform the bulk of the calculations. One must, however, remember that even the most ingenious mechanism requires a foundation. Micron provides a service of this nature, furnishing the memory essential for both the accumulation of data and the execution of these complex operations. It is a supporting role, certainly, but one without which the grand performance could not proceed.
Les noms comme Cipher Mining, CleanSpark, IREN, et TeraWulf, ont tous perdu de 5 à 9%, comme des acteurs ratés cherchant leur dernier rappel. La raison ? La crainte que CoreWeave, ce géant en devenir, ne leur vole la vedette, leurs GPU, et disons-le franchement, leur chance au succès.
The market is supposed to hit $100 billion. A hundred billion! It’s obscene. And the demand is so high, they can’t even keep up. It’s like toilet paper in 2020 all over again. And now everyone thinks they can just waltz in and grab a piece of the pie. It’s infuriating.
The upshot is that Oracle, alongside Silver Lake (a private equity firm, which sounds terribly sophisticated) and MGX, an Abu Dhabi-based entity, now collectively own 45% of TikTok U.S. It’s a rather unusual alliance, a bit like finding a badger sharing a picnic basket with a flamingo. The remaining 20% stays with ByteDance, TikTok’s Chinese parent company, bringing the total non-Chinese ownership to 80%. It’s a carefully constructed arrangement, designed, one assumes, to satisfy everyone – a feat rarely accomplished in the world of high finance.
Now, before everyone starts building bunkers and hoarding parchment, let’s consider this. The Guild of Alchemists and Venture Capitalists (Wall Street, to the uninitiated) is, by and large, still optimistic. They’ve revised their prophecies (price targets, they call them), but even after the recent tremors, most see a considerable upward trajectory for the stock. A median prediction of $225 suggests a potential 76% rebound. That’s a rather substantial return, even for those of us accustomed to the frankly ludicrous valuations occasionally seen in this sector.