Snapshots That Wow!

If there was ever a textbook bubble...

“Venture capitalists have poured a record $192.7 billion into AI startups YTD.This puts 2025 on track to be the first year where more than 50% of total VC dollars flow into the AI industry.

In the US, AI’s share of venture deals has surpassed 60% over the last 12 months.

Overall, VC funding has reached $366.8 billion so far this year, with a major share coming from the US, at $250.2 billion.”

Source: Bloomberg

The magnificence was always in the earnings, silly!

In each year since 2023, EPS estimates for the Magnificent 7 have been revised higher, S&P 493 revised lower. It is therefore but natural for their concentration in the SPX500 to have risen.

Source: BofA

Thandi hawa, bina na zindagi suhani

“The biggest driver of future electricity demand won’t be AI, it’ll be air conditioners in the developing world.”

The range of sensitivity to the speed of data center growth is 2% of the incremental growth in 7 years. Not 2% of total!

Source: ekwufinance

Sliver of a watermelon > whole grape

“Higher the economic freedom, the higher the income of the poorest 10% of the population.” Capitalism therefore does more to alleviate absolute poverty than socialism.

Source: Fraser Institute

Hey google, define distribution moat!

“Gemini’s jump to 13.7% vs 6.5% a year ago shows Google’s distribution moat finally turning into GenAI adoption at scale. Billions of default users in Search, Android & Workspace are being routed straight into Gemini.

OpenAI has to win every user, Google already owns the traffic & is just redirecting it.”

Source: similarweb

Acche din aane Waleh hai?

“Earnings sentiment for BSE 200 turned positive after 1 year.

Earnings were upgraded in consumer discretionary (ex-autos), IT and commodity cyclicals over the past week.”

Source: Goldman Sachs