Tim Horan of Oppenheimer has done a great job sizing up SpaceX even before liftoff. I was not, however, convinced of the value in the AI business. You add up Colossus leasing, Grok, and Cursor, and what you have is shaky data center deals, yet-another-AI model on its way to being
@tiernanraytech
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Apollo and Blackstone partnerships and Broadcom demand indicate AI market shift
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Partnering with the money guys such as Apollo and Blackstone is an ominous turn for a crazed AI infrastructure market. So is the “huge” demand for Broadcom’s services by Google and others well in advance of actual deployment of chips. Not the end of the road, but a potential
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Snowflake Cortex Code: Packaged Software’s AI Future
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The software analysts have been desperate for some company to offer up a thing they could point to that says that packaged software will survive and maybe even thrive in the AI future. The Snowflake “Cortex Code,” dubbed CoCo, has handed the bulls what they wanted. It is being
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Agentic AI Production Adoption Slower Than Tech Hype Suggests
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There are not a lot of signs of agentic AI ramping into production at normal companies so far. There is a lot of boosterism from tech companies about agentic AI. Without trillions spent on agents by enterprises, the whole thing could come crashing down… Kudos to Tavis McCourt
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Investment shifts as software companies become AI beneficiaries
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We are, again, witnessing waves of the AI trade as investors grope for the next opportunity that isn’t already a crowded trade. Even as semiconductors continue to do well, pockets of software are becoming validated as AI beneficiaries rather than AI victims. Such is the case with
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AI spending triggers market inflection for DevOps and observability sector
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We’ve seen waves in which different parts of tech light up as they are favored with a portion of the enormous spending on artificial intelligence. This morning’s report feels like something of an inflection for “DevOps” and “observability.” Datadog soars as AI-driven outlook the
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AI Stocks P/E Multiples Analyzed in Roaring AI Market
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Every week I look at how some of the best stocks have increased or decreased in value. Within a roaring market for AI, it’s important to keep an eye on stock valuations. Most TL20 names elevated, some discounted Most stocks in the TL20 have seen their P/E multiple and their
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Can $2 Trillion in AI Orders Justify $1 Trillion Spending?
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Will $2 trillion in AI orders really pay for $1 trillion in spending? If the $2 trillion backlog of orders actually materializes, then all this AI spending could be good idea. But you have to wonder about the enormous amounts pledged and the finances of the parties insisting
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Token Economy Hidden Costs Threaten Enterprise Agentic AI Deployments
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The token economy is turning out to have huge hidden costs. Some of the agentic stuff doesn’t even reach completion on a task as it burns through tokens. This will cause despair for a lot of enterprises implementing agentic AI. As always, there should be some good money to be
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AI Chips in the Cloud Displacing x86 Dominance
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I predicted in a Barron’s article back in 2015 that the semiconductor renaissance would lead to lots of AI chips running in the cloud that would dispense with the dominance of x86. That is coming more finely into focus with the proliferation of Google’s TPU and Amazon AWS’s