Pinned
Never really got to explain my reasoning for my $SIVB short - but suffice it to say now if you marked their holdings to market their book value would be negative
Citrini
43.7K posts
Citrini
@citrini
Thematic, Cross-Asset Investment Research
- Need to give a shoutout to Ascend for helping us plan Analyst #3’s travel to Oman at 3AM back in March (and saving us a ton of money on other travel as well). If you travel a lot, you should absolutely check out joinascend.com. And mention Citrini referred you.
- This isn’t what min-maxing means. It’s a term from originally D&D where you have a set number of points to allocate to your attributes (like strength, dexterity, wisdom etc.) Wanna be the world’s strongest warrior? Dump your points into strength by having the intelligence score
- Citrini repostedReplying to @citriniAI workloads are creating new memory objects that are too large for HBM but too valuable for cold storage. It’s simply to expensive to use DRAM for everything if it’s possible to use NAND for some of it. We’ve gotten three announcements focused on flash from three major players
- AMD and AAPL both, in different ways, have announced a focus on flash as a way to reduce the AI memory tax. We wrote about this in our State of the Themes last week.
$AMD is acquiring MEXT, an AI-driven memory optimization company for data center infrastructure. MEXT’s tech helps make flash storage behave more like DRAM, expanding usable memory capacity while maintaining performance.AI workloads are creating new memory objects that are too large for HBM but too valuable for cold storage. It’s simply to expensive to use DRAM for everything if it’s possible to use NAND for some of it. We’ve gotten three announcements focused on flash from three major playersWhether this is yet another jevons paradox situation that simply means the DRAM shortage remains as severe but we use it even more effectively, or something that lays the groundwork for DRAM margins to get hit as lower margin (and easier-to-produce, especially by China) flash
