To The Moon

"Buffett Trade" is experiencing a massive resurgence as the market undergoes a structural shift: pure AI beta is rapidly giving way to a strict focus on free cash flow (FCF) and balance sheet stability. In this article we seek to addresses the structural shift from speculative AI beta toward capital discipline, free cash flow (FCF), and balance sheet strength—the modern "Buffett Trade" synthesis. We are also looking at the macro strategic side on the paradigm shift from unfunded AI beta to balance sheet stability and cash-flow synthesis. 1. The Anatomy of the AI "Cash Crunch" Over the past 24 months, public markets operated under a simple regime: any announcement of accelerated graphics processing unit (GPU) procurement or datacenter expansion yielded immediate valuation expansion. However

Week ahead: 26 October 2026 — Central banks, the Fed and Amazon’s AI spending Economic Calendar (26Oct2026) Five major central banks announce rates this week, alongside the UK Budget. The Fed decides before key US inflation reports. Europe has ended summer time; the US changes on 1 November. For Asian readers, US events arrive one hour earlier than usual. 1. Fed decision — Wednesday 28 October, 2:00 pm ET (Chair Warsh’s press conference: 2:30 pm). Rates are 3.75–4.00%, following September’s first increase in three years. A hold is expected: 94 of 100 Reuters-polled economists predict no change; CME futures suggest a 10% chance of an increase. No updated rate forecasts (“dot plot”) are due. Watch the response to September’s 3.7% consumer inflation and signals of a December increase, as Pimc

The AI boom is generating extraordinary profits, but investors are beginning to ask a difficult question: how much money will the industry ultimately make from the billions being poured into data centres? The latest earnings projections highlight both the opportunity and the risk. Nvidia and Micron are expected to contribute a substantial share of S&P 500 earnings growth, with Micron’s quarterly profit reportedly surging 1,078% year over year and analysts forecasting approximately 90% earnings growth for Nvidia. Yet the market’s reaction to AI spending plans suggests that strong earnings alone may no longer be enough. Investors also want evidence that today’s infrastructure investments will generate sustainable returns. Here are three developments worth watching. 1. The rest of the mar

The AI selloff does not have a fixed end date and remains tied to escalating oil prices (surpassing $100–$116 per barrel due to Middle East tensions). In this article, we would like to share how we are analyzing the key drivers prolonging the AI tech selloff, covering chipmakers, mega-cap infrastructure providers, and Federal Reserve rate expectations. I. Macroeconomic Catalysts Fueling the Downturn The equity selloff in technology and artificial intelligence infrastructure is not happening in a vacuum; rather, it represents the intersection of severe external macroeconomic shocks and internal industry re-evaluations. Central to this broader disruption is an unprecedented squeeze on operating margins and cost of capital, driven primarily by energy market instability and elevated discount r