Nvidia, Oracle, Broadcom, even Palantir – they’ve all been reporting numbers that suggest the AI gold rush isn’t entirely a mirage. Which is good, because mirages don’t pay the bills. And now, on the 18th of March, Micron Technology (MU +5.25%) is due to present its own accounting. It’s a bit like waiting for the Guild of Alchemists to reveal whether they’ve finally turned lead into something useful, or just a slightly shinier shade of grey.
This wasn’t a gradual easing out, mind you. No polite little sell-offs. It was a complete and utter desertion, declared in a document filed with the SEC. They’d held 6.0% of the fund’s ‘AUM’ (a peculiar little acronym for ‘Assets Under Management’ – sounds like a witch’s brew, doesn’t it?) but now? Gone. Poof. Like a magician’s rabbit. Norwegian Cruise Line is no longer on their shopping list.
The stock’s been doing alright. Up a good bit. 729% in three years. 345% in the last twelve months. Numbers. They’re just numbers, really. A fleeting impression of value in a universe that doesn’t much care about value. Still, people bought it. A lot of it.
According to the predictably tedious filings with the SEC, Eversept’s little spree occurred in the fourth quarter. The total value of their holdings in Vera has, as a result, swelled to $73.99 million. Not a fortune, certainly, but enough to keep a small nation afloat, or at least fund a rather lavish cocktail party.
The filing, dated February 17th, showed Eversept adding to their position in Avantor. A significant chunk of change, roughly $27.72 million, based on the quarterly averages. They held 3,176,644 shares by quarter’s end, worth $36.40 million. The paper gains, factoring in both the buy and the stock’s slow bleed, came to $24.87 million. Numbers. They can tell a story, if you know how to read the shadows.
There are those who seek to profit from this new reality, to weave its threads into the fabric of commerce. Three ventures, in particular, appear poised to benefit from this unfolding drama: Palantir Technologies, Salesforce, and Microsoft. They are not simply purveyors of software, but architects of a new kind of power, a power derived from the manipulation of information. Let us examine their strategies, their strengths, and the subtle vanities that drive their leaders.
Five years have passed, and the sea remains implacable, indifferent to the frantic calculations of economists and the desperate gambles of governments. China, a dragon slumbering on a hoard of critical minerals, still casts a long shadow, its control absolute, its intentions as opaque as the deepest trench. The demand, however, has not merely persisted; it has swelled, fed by the insatiable appetite of electric vehicles, the relentless expansion of data centers, and the feverish pursuit of energy storage. It is a thirst that cannot be quenched by land alone, a hunger that drives men to look beneath the waves, to disturb the ancient slumber of the ocean floor.
UiPath, for those not entirely consumed by the relentless pursuit of efficiency, is a purveyor of robotic process automation – though it aspires to something grander: an orchestration platform for both the mechanical and, increasingly, the artificial. It is, in essence, attempting to impose order upon the chaos of automation. Let us, with a detached curiosity, examine its recent performance and consider whether this momentary misfortune presents a genuine opportunity.
The filing shows Kintayl establishing a position. Not a commitment, mind you. More like testing the water. It represents 6.34% of their reportable U.S. equity assets as of December 31st. A decent slice, but these funds are built on layers. They don’t put all their chips on a single number.
Nike, a name once synonymous with aspiration and athletic prowess, now finds itself navigating a labyrinth of shifting consumer preferences and economic headwinds. The recent change in leadership, a desperate attempt to steer the ship from the rocks, feels less like a course correction and more like rearranging the deck chairs on a vessel already taking on water. The air is thick with uncertainty, a palpable anxiety that even the most ardent loyalists cannot ignore. The numbers, those cold, unyielding pronouncements of fate, tell a story of dwindling momentum, of a brand struggling to maintain its grip on a market increasingly seduced by cheaper alternatives. The tariffs, a distant thunder, only serve to amplify the disquiet, a constant reminder of the external forces conspiring against its fortunes.