The filing, dated February 5th, confirms this minor divestment. The fund’s overall position in GATX experienced a decline – a combined effect of the share sale and, dare we say, the stock’s inherent fluctuations. A mere $11.28 million, of course, in the grand scheme of things, but one always prefers to see a tidy balance sheet.
Okay, so they build software. Not just any software, though. It’s the kind that helps large organisations make sense of their data. Apparently, it’s like an operating system for information. They have two main products: Gotham, which is for governments and defence (sounds…intense), and Foundry, for commercial clients. The idea is to integrate everything – all the scattered bits and pieces – into one usable platform. Then, with the help of AI, people can spot patterns, predict outcomes, and generally run things more efficiently. It all sounds very…competent. And competence is good. Isn’t it?
The recent earnings report, while hardly catastrophic, revealed a truth universally acknowledged: even the most formidable businesses have their vulnerabilities. Investors, those fickle creatures driven by rumor and spreadsheet projections, reacted with the predictable drama of a flock of startled pigeons. A modest slowdown in cloud growth, a slight hesitation in the adoption of their AI assistant, Copilot… enough to trigger a sell-off that would make a Moscow flea market look orderly.
For a long time, Wall Street kept its secrets, or at least pretended to. Now? Everyone has access to the same information, which mostly proves that nobody knows what they’re doing. Financial statements, breaking news… it’s all just noise, really. A distraction from the inevitable.
The current rally… it is not merely a matter of supply and demand, though those forces certainly play their part. It is a fever dream, fueled by the insatiable hunger of data centers, the ceaseless chatter of smartphones, the quiet desperation of personal computers. A world demanding more memory, more storage, more… something to fill the void. And Micron, it seems, is positioned to answer that desperate call.
A return of 1,600% over three years is, admittedly, a spectacle. One might almost believe in alchemy. But to mistake a soaring share price for a secure investment is, shall we say, a vulgar error. It is a triumph of hope over experience, and a rather alarming demonstration of the market’s capacity for self-deception. The current valuation, I suspect, is built upon little more than air and the fervent imaginings of those who believe that tomorrow’s profits can absolve today’s lack of them.
Since the oil industry finally decided to open its gates, the town has grown certain that flared gas could warm the machines that dream of profit, if not sleep, in this corner of the world.
The price, you see, has retreated from its recent, frankly improbable, peak. About half, if we’re being precise. Which, naturally, leads to the usual chorus of pronouncements. ‘Buy the dip!’ they cry. As if dips aren’t, by definition, places where things tend to… stay down. Meanwhile, the price of actual, physical gold—mined from the earth, requiring actual effort—continues to climb. A fact that’s causing a few eyebrows to be raised in the Guild of Alchemists and Venture Capitalists1.
The reported increase in projected capital expenditure related to artificial intelligence initiatives appears to have triggered a degree of concern. This analysis will assess the validity of that concern and outline potential catalysts for future performance.
Yet, amidst this grand tragedy, two intrepid tokens have emerged, defying the gravitational pull of the market’s descent and capturing the attention of the weary investor: Hyperliquid’s HYPE token and Canton’s CC token. Such jesters in the court of financial doom, they have managed to retain their composure while the rest of the market wears a harlequin mask of red.