Looking ahead

The evidence is clear. Don't be fooled by the narrative.

This image alone is proof that we aren’t in a bubble.

“Gemini, using the same environment from your last image, create a new image looking up from below the house”…
[referencing the cover image of my last post]

This is a ‘large language model,’ I’m told… yet it’s already showing incredible signs of AGI.

When did we start this AI journey? In earnest, only a couple of years ago. Anyone telling you this is a bubble simply doesn’t understand the trajectory and the implications of what is emerging.

Are there going to be losers along the way? Absolutely—many. I wouldn’t want to be a small model company trying to compete against the trillion-dollar behemoths.

Will there be sharp pullbacks for no apparent reason in otherwise phenomenal success stories? Yes, they will try to shake you out. Just look at Palantir’s chart below; look at how many times you could have lost 25% to 50% within weeks. Looking at EOSE right now—with highs of around $20 down to $15 today—you can hear the cries of pain.

This is investing. Having the fortitude to stick out these swings is how we get paid.

And of course, there’s been a lot of consternation around whether circular financing deals are the end of all of this… yet Nvidia just gave CoreWeave another $2B. Now, let’s focus on why you should not be afraid of what’s ahead. I’ll also include a couple of options trades I’m considering to take advantage of what I think is coming next.