Cisco Systems Stock (CSCO)

Upside – $MRLN +40% (Q3 revenue rose 80% year over year, while new U.S. special-operations and autonomous-CASEVAC awards strengthened the defense pipeline) – $MOD +38% (Samsung reportedly in talks to acquire the data-center cooling supplier, with a potential deal possible within weeks) – $SLSN +32% (Q3 revenue grew 38% and the company swung to record …

Another day, another record? Sort of. The S&P 500 managed to set a new all-time intraday record high as well as an all-time record closing high. Why? Inflation, or the lack thereof. For the month of July, headline PPI printed at +0.0% month over month versus the +0.2% consensus and at +4.7% year over year versus expectations for a +4.9% print. …

Below is another interesting set of charts from Torsten Slok at Apollo. From my perspective, the last one comparing Capex as a % of GDP from the hyperscalers today vs. the telcos in the dot-com bubble is the most interes…

* As our "Tales" series approaches its 60th issue (!)... * Best case, DeepSeek is to AI as Huaweii was to Ericsson, Cisco, and Nokia * With apologies to Mad Magazine's Phil Interlandi, Harvey Kurtzman and Joe Orlando: A…

* And not the end of the beginning... * NVDA margins are peaking and forward beats (relative to consensus) will be diminishing https://twitter.com/SoundDobad/status/1828915502158360765 I have written more than 30 Tales o…