Tiernan Ray

When the tech stock picker is not the fund manager I spoke with Cullen Rogers about how the IVES fund has seen tremendous inflows in the span of only four months. It’s a bit of a different structure for an ETF… IVES ETF hits three quarters of a billion in four months With its…

Wall Street’s Best Ideas: AMD ties its stock price to OpenAI deal The mind reels at the kind of equity warrants-for-sales deal Advanced Micro Devices just announced with OpenAI. It feels like another AI bubble sign. Bulls on AMD stock are ecstatic, estimating over fifty-percent…

For those of you who like to know in advance what companies may be coming to market… Please enjoy my interview with Cohesity CEO Sanjay Poonen. Cohesity is in the company of Rubrik, $RBRK. Cohesity could be one of next year’s big IPOs Can you take a thirty-some-year-old asset…

Great conversation w/ @TiernanRayTech about Quantum Computing! - Speed vs fidelity. Scalability is a challenge. - Trapped ions vs photonics. Still early in the roadmap. - AstraZeneca's experiment. Thank you Tiernan for sharing insights with @7investing!

Quantum still has the same ‘scaling’ challenge it always had Quantum computing: Not even close What quantum computing needs to be real is almost entirely in PowerPoint at this time. By one estimate, the market could be worth four billion dollars by 2030. But the road there lies…

Wall Street’s Best Ideas: Nothing fazes this AI market The enormous sums of money being thrown around by Nvidia, OpenAI, Oracle, the SPACs, etc., do not deter enthusiasm for the AI trade, nor do the shifting sands of D.C. policy. The Street is more focused on the increasing…

Wall Street’s Best Ideas: The world according to Palihapitiya Chamath Palihapitiya is at it again. Having produced duds such as Opendoor, he is now on the hunt for hidden gems in AI, crypto, energy and war. This is definitely the second disturbing sign this week of froth in the…

The TL Podcast for September 22nd: New worries of an AI bubble Nvidia’s two gigantic financial moves, pledging billions to Intel and tens of billions to OpenAI, raise a question about the true state of demand of Nvidia’s chips. thetechnologyletter.com/the-posts/the-… $NVDA Or catch it on…

When a company starts to become the primary funder of its customers, one worries. Wall Street’s Best Ideas: Is Nvidia now buying its sales from OpenAI? Nvidia announced Monday it will give OpenAI a hundred billion for the latter to deploy millions of GPU chips, which raises the…

The most important thing we learned at IonQ’s analyst day It is possible that the future of the quantum computing industry could belong to the world of conventional semiconductor chip technology, given remarks by IonQ executives at their analyst day event last week. That would…

Intel’s a value trap Wall Street’s Best Ideas: A lot more for Nvidia here than for Intel It’s nice for Nvidia to throw some money at Intel, but it’s also possible the partnership will further blunt Intel’s competitive edge by making it captive to Nvidia’s agenda. One analyst…

Wall Street’s Best Ideas: Big potential and a very big warning for the AI trade The potential market in artificial intelligence hardware for Dell, Seagate and other hardware makers is “massive” but there’s the risk that the economic payoff of productivity will falter before that…

TL20 has nearly quadrupled. Since the September 1st rebalancing, the TL20 group of stocks to consider is up 12%, bringing its total return since inception to 280%. This latest move comes as Oracle was added to the group and subsequently surged while Nvidia was reduced from 51%…

Working with ChatGPT is constant whack-a-mole I built a business plan with ChatGPT and it turned into a cautionary tale zdnet.com/article/i-buil…

Adobe rising: has the Figma cloud lifted? Something like a turning point for the beleaguered software giant facing the threat of AI. Adobe’s results continued to go in the right direction Thursday, though hardly an AI victory. More important may be that the company’s nemesis,…

Wall Street’s Best Ideas: Will Oracle face the AI ‘cliff’ at some point? Oracle is winning new converts despite the worries about profitability of its enormous AI backlog. Investors should, however, dwell on the prospect the company faces a “cliff” of demand sometime down the…

Oracle stuns the Street with surging AI backlog Oracle turned in a surprise of almost half a trillion dollars in contracted backlog, mostly for its cloud computing operation. The business is going to grow at seventy percent a year for four years, said CEO Safra Catz. A big cause…

Underwriters of Bullish not entirely bullish Two of three underwriters say the price for Bullish, the crypto-currency exchange, is too rich. Everyone likes the “global order book” the company has built, and its savvy management team. Questions remain about whether crypto will be…

Broadcom is becoming an AI-chip company As with Nvidia, the AI-chip revenue of Broadcom is now approaching a scale that some see as “staggeringly large.” Some even see Broadcom tied with Nvidia for AI dominance. But CEO Hock Tan may have the best of both worlds by getting his…

Wall Street’s Best Ideas: Where’s that Google competition? Judge’s Mehta’s suggestion that Google faces stiff competition in search and advertising appears to be merely a hope at this point, while the more interesting prospect for Alphabet is competition with Nvidia in AI chips.…