DanielRomero

$NVDA AND WALL STREET TO FINANCE $500B OF DATA CENTERS
Apollo Global, Blackstone, BlackRock, Brookfield Asset Management, Goldman Sachs and KKR are working with Nvidia to assemble a $500 billion funding package for AI infrastructure development
The deal could be announced as soon as Monday

$AMZN Approved for The Largest Permitted Power Campus for AI Data Centers
$AMZN has been revealed as the company behind the 7.65 GW Data Center project in Pecos County, West Texas
The campus is permitted for 35 gas turbines and includes plans for 1.8 GW of battery storage and up to 750 MW of solar
Pacifico Energy will own and operate the power plant, while Amazon purchases the electricity
First power is expected in Q1 2027, with 1 GW online in 2028, a pathway to 5+ GW by 2031, and up to 7.65 GW of gas generation permitted
AWS has commitments to provide up to 5 GW of capacity to Anthropic and

Elon Musk wants to invest over $120B in Terafab
In part, to manufacture memory
I’m sure that’s because he sees memory prices dumping from today’s levels
When one of the largest consumers of memory decides to make its own memory, that tells you where the puck is going

The amount of people saying the memory trade is dead...
Where were these takes a month ago?
> Bull at the top, bear at -50%
No alpha in following sentiment
Most takes don’t even get into the numbers
Just “commodity” and “low P/E means top”
Wasn’t it a commodity in June too?

Elon Musk laid out the memory bull thesis in a nutshell on the last $SPCX earnings call:
“Memory output is increasing by around 20% per year.
Is demand increasing by 20% a year? No. Demand is increasing by 200% a year, maybe higher.
If you’ve got demand increasing much faster than supply, Economics 101 would suggest that the price increases. It does not decrease.”

$NBIS Vineland Expansion Faces Growing Opposition
Opposition has intensified, with 2,900 signatures and hundreds attending the August 5 hearing
DataOne's revised design would still emit 2.19 billion pounds of CO₂ annually, consume around 8 million gallons of water, and include a 1.5-million-gallon LNG tank
The six-hour hearing on August 5 ended without a vote or public testimony. It will resume on August 17, when the Planning Board could decide whether to approve the revised expansion and power infrastructure

US imposes a 15% tariff on polysilicon
Impacts silicon cells, silicon wafers, and finished solar modules
The Semiconductor Industry Association warned that US domestic wafer capacity cannot currently meet demand, particularly for advanced 300mm wafers

Citi says the memory pullback is a buying opportunity
Reiterates Buy rating on $SKHY, raises its 2026 and 2027 operating profit estimates by 4% and 3%, respectively, and maintains its ₩3.1M price target
Citi also expects the cycle to last longer because of LTAs

Finally!
I’ve never been to Texas
I guess there’s a first time for everything

Pretty useful chart from Bernstein on MW monetization

ABF substrates are already sold out through 2028
$NVDA, $AMD, and hyperscalers are reserving capacity to secure supplies of Ajinomoto Build-up Film substrates through 2028
Customers are also encouraging suppliers to begin planning expansions for 2029–2030, including renewed co-investment arrangements

Reuters reports that $MSFT, $META, $ORCL, $AMZN, and $GOOG have $1.1 trillion in committed lease payments for leases that have not yet commenced
Microsoft disclosed $329.1 billion, Meta $279.0 billion plus another $68 billion signed in July, Oracle $260 billion, Amazon $137.2 billion, and Alphabet $85.2 billion
Oracle’s contracts generally run for 15–19 years

Ayar Labs CEO Mark Wade said co-packaged-optics scale-up deployments remain on track to ramp during 2028–2029
He identified Taiwan’s foundry, packaging and system supply chain as critical to commercialization

Coming back to this prophetic call from Morgan Stanley on June 29
Leopold should’ve read this and sold his bags ASAP

I’ll admit I’m going to miss the Situational Unawareness 13F updates and watching X go crazy over them

According to industry sources, $SKHY, $MU, and Samsung have reportedly sold out and fully allocated their entire DRAM and High Bandwidth Memory production capacity for 2027
It seems like another year of record earnings is already locked in