Ruo Shui
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Ruo Shui
@ruoshuiresearch.bsky.social
utilization on 6yr old A100s (guessing rounded up for released in May 2020) is not at 100%
November 20, 2025 at 3:22 AM
if the gpu rental breakeven number doesn't include colocation, also a filter
November 20, 2025 at 3:13 AM
😅
oh my god i take it back, grok is amazing
November 20, 2025 at 3:07 AM
market relieved the transcript was missing CoWoS capacity and memory prices rising

in the same way the $ORCL RPO print became a filter, people quoting "A100 GPUs we shipped six years ago are still running at full utilization" is going to become a filter
November 20, 2025 at 3:02 AM
this one is supposed to have a SEP too
November 19, 2025 at 6:00 PM
when's the last time a FOMC has been moved?
November 19, 2025 at 5:59 PM
the linkage with equity concentration is going to be important (and whether additional capex is rewarded)

but context of entire IG index makes this different
They’re also a relatively small part of the index at present (going in one direction though ⬆️)
November 19, 2025 at 5:31 PM
Reposted by Ruo Shui
2) "Low-fire" is a diff story. Layoffs & discharges are still a touch below pre-pandemic, but low-fire is most obvious in construction, retail, real estate, accommod. & food services.

While other industries like information and prof & biz services have layoff rates near pre-pandemic levels.
November 19, 2025 at 4:31 PM
would add $NFLX and $ADBE
November 19, 2025 at 4:26 PM
lol
November 19, 2025 at 4:21 PM
cutting Fed Funds is useless if it just pumps spec garbage and crypto
November 19, 2025 at 4:18 PM
would argue $IREN/$MSFT already kinda does that implicitly
November 19, 2025 at 4:10 PM
that's the fun part
gonna be awkward when more capex and less capex are both bearish
November 19, 2025 at 4:08 PM
$ADBE chart almost looks like $BLDR
November 19, 2025 at 4:03 PM
took long enough
it's a good thing when a hedge goes to zero...

some of these folks seem to think robots need to consume
November 19, 2025 at 3:18 PM
noting that #$AMZN missed the go green for Jensen memo
November 19, 2025 at 2:59 PM