Locator: 45490TECH.
Chips, semiconductor: link here.
- Home page for tech: link here.
- The cloud: link here.
- Streaming: link here. Streaming wars.
- Spatial computing: link here.
********************************
GPUs
GPUs: wiki.
From 2020:
Sunday, August 27, 2023
GPUs
Sunday Night -- August 27, 2023
Locator: 45489B.
ERCOT: Again, it got close, but the grid held for the fourth day in a row that ERCOT asked Texans to conserve. Dynamic link here.
WTI: tonight, $80.20. Up about half a percent.
Futures, Sunday night, following the Fed's JPow's annual speech at Jackson Hole, Wyoming.
PGA: FedEx champion, Viktor Hovland, by five strokes. Truly remarkable coming from behind to win.
EV: tech writer for The WSJ buys an EV for the family. The "buying experience" here at "YouTube." Exactly why EVs will not catch on for a long, long time. See this post, also.
***************************
GPUs
GPUs: wiki.
From 2020:
******************************
Mardi Gras?
US Economy On Fire -- August 27, 2023
Locator: 45486ECON.
Recurrent theme on the blog: consumers aren't even close to being tapped out. Link here.
An Interesting Covid-19 Observation Not Yet Being Reported By Anyone -- August 27, 2023
Locator: 45483COVID.
With regard to Covid-19 and the new variant, this may be the most important metric to follow.
Growth Factor: from worldometers.
NVDA -- August 2
Locator: 45482TECH.
Updates
Later, 5:19 p.m. CT: only two stocks the average investor will need for decades -- Motley Fool. Link here.
Later, 5:13 p.m. CT: Nvidia, reconsidered. Financial Times. Link here. Archived. The article might not be behind a paywall here. Quick: come up with one company that has a better revenue history! Quarterly revenue:
Original Post
The problem with CNBC analysts and the other mainstream media talking heads: there is a "story of the day" and by the end of the day, the story is forgotten (or, perhaps, better said, ignored, as traders move on, looking for the next big thing).
Nothing "proves" that more than the NVDA story last week.
One may want to google surging demand for AI chips. This is just the start, and it goes on for pages:
This may be my favorite story:
By the way, there are several data points and "derivatives" from those data points.
For those that don't know, GPUs were selling for $500 not too long ago.
From the NY Times and if you can't believe the NY Times, who can you believe?
It's going to take "deep pockets" to buy all the CPUs and GPUs needed. For example, Apple's M-series chips, link here:
Note: Apple is "putting" the GPU function into its M-series chips as cores. At some point, Apple may need to use "actual" GPUs.
From Wired, perhaps the best general-tech magazine:
Around 11 am Eastern on weekdays, as Europe prepares to sign off, the US East Coast hits the midday slog, and Silicon Valley fires up, Tel Aviv-based startup Astria’s AI image generator is as busy as ever. The company doesn’t profit much from this burst of activity, however.
Companies like Astria that are developing AI technologies use graphics processors (GPUs) to train software that learns patterns in photos and other media. The chips also handle inference, or the harnessing of those lessons to generate content in response to user prompts. But the global rush to integrate AI into every app and program, combined with lingering manufacturing challenges dating back to early in the pandemic, have put GPUs in short supply.
That supply crunch means that at peak times the ideal GPUs at Astria’s main cloud computing vendor (Amazon Web Services), which the startup needs to generate images for its clients, are at full capacity, and the company has to use more powerful—and more expensive—GPUs to get the job done. Costs quickly multiply. “It’s just like, how much more will you pay?” says Astria’s founder, Alon Burg, who jokes that he wonders whether investing in shares in Nvidia, the world’s largest maker of GPUs, would be more lucrative than pursuing his startup. Astria charges its customers in a way that balances out those expensive peaks, but it is still spending more than desired. “I would love to reduce costs and recruit a few more engineers,” Burg says.
There is no immediate end in sight for the GPU supply crunch. The market leader, Nvidia, which makes up about 60 to 70 percent of the global supply of AI server chips, announced yesterday that it sold a record $10.3 billion worth of data center GPUs in the second quarter, up 171 percent from a year ago, and that sales should outpace expectations again in the current quarter. “Our demand is tremendous,” CEO Jensen Huang told analysts on an earnings call. Global spending on AI-focused chips is expected to hit $53 billion this year and to more than double over the next four years, according to market researcher Gartner.
The ongoing shortages mean that companies are having to innovate to maintain access to the resources they need. Some are pooling cash to ensure that they won’t be leaving users in the lurch. Everywhere, engineering terms like “optimization” and “smaller model size” are in vogue as companies try to cut their GPU needs, and investors this year have bet hundreds of millions of dollars on startups whose software helps companies make do with the GPUs they’ve got. One of those startups, Modular, has received inquiries from over 30,000 potential customers since launching in May, according to its cofounder and president, Tim Davis. Adeptness at navigating the crunch over the next year could become a determinant of survival in the generative AI economy.
Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.
All my posts are done quickly:
there will be content and typographical errors. If anything on any of
my posts is important to you, go to the source. If/when I find
typographical / content errors, I will correct them.
Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source.
Previously posted:
More on this later. Family commitments.
Oil -- WTI -- August 27, 2023
Locator: 45481WTI.
Gloom and doom: I've read this story, it seems, so many times over the past few years, it's grown old. In addition, there are so many errors in the assumptions and so many omissions. I can guarantee you at $100-WTI there will be no shortage of oil.
And with the current value of the dollar and cost of services to drill and complete, WTI at $100 is not overpriced.
*************************************
Oil Is Back -- Barron's
Oil stocks have quietly been the market leaders this summer—and they should have the energy to keep the streak going the rest of the year.
With technology stocks taking a break, the Energy Select Sector SPDR exchange-traded fund (ticker: XLE) has been the best sector performer since the start of June, gaining 17% during that time. That’s well ahead of the second-place sectors, consumer discretionary and industrials, each up 12%. All three sector rallies reflect improving investor sentiment on the U.S. and global economy and the market pricing in peak benchmark interest rates.
***********************
Oil: For Investors, It's Now A "Utility"
Some months ago, maybe two years ago, I forget, for I moved "oil" companies into my "utility" bucket with regard to investing.
"Oil" is no longer "oil."
They've now been moved to "utilities."
Apparently others agree.
We talked about this just the other day. I have no idea way "investors" are so enamored with ETFs.
See the “energy” ETF below.
Top two holdings:
- XOM, CVX: 40%
- compare with BRK-B: 40% in one stock, AAPL;
- Top seven holdings: 63%
- after that, each holding represents 1.1 percent to 3.8 percent.
- in this ETF, the managers value:
- OXY with WMB
- DVN less than KMI, HAL, BKR, OXY, and a dozen other
- MRO and APA at the bottom of the list
My thoughts:
- buy the top two or three as the anchors
- then pick three others to make up the rest
- five stocks, total, at most
- re-balance every quarter or more often if significant news released.
|
XLE |
26 holdings - Aug 27, 2023 |
|
XOM |
21.27% |
|
CVX |
18.42% |
|
SLB |
5.23% |
|
COP |
4.62% |
|
EOG |
4.51% |
|
MPC |
4.49% |
|
PXD |
4.01% |
|
PSX |
3.80% |
|
VLO |
3.45% |
|
OXY |
3.25% |
|
WMB |
3.10% |
|
HESS |
3.05% |
|
BKR |
2.63% |
|
HAL |
2.54% |
|
KMI |
2.50% |
|
DVN |
2.31% |
|
OKE |
2.12% |
|
FANG |
1.99% |
|
CTRA |
1.55% |
|
TRGP |
1.40% |
|
MRO |
1.16% |
|
EQT |
1.11% |
|
APA |
0.96% |
|
XAEUE |
0.02% |
|
US dollar |
0.02% |
|
State Street |
0.10% |
Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.
All my posts are done quickly:
there will be content and typographical errors. If anything on any of
my posts is important to you, go to the source. If/when I find
typographical / content errors, I will correct them.
Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source.
Initial Production For Wells Coming Off Confidential List This Next Week -- August 27, 2023
Locator: 45480B.
The wells:
- 39614, conf, Kraken, Gladys 29-20-17 4H, Rainbow, no production data,
- 39295, conf, Slawson, Banshee 3-1H, Sanish, no production data,
- 39032, conf, Liberty Resources, McGinnity 159-95-31-30-10MBH, Northwest McGregor,
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 6-2023 | 14263 | 24989 |
| 5-2023 | 13053 | 13428 |
| 4-2023 | 19506 | 21110 |
| 3-2023 | 16541 | 20252 |
- 37929, conf, BR, Parrish 3A TFH, Pershing, no production data,
- 37473, conf, SOGC (Sinclair), Saetz Federal 2-36H, Lone Butte, no production data,
- 36573, conf, Hess, EN-Kiesel-155-94-1918H-6, Manitou,
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 6-2023 | 13113 | 33601 |
| 5-2023 | 14609 | 29308 |
| 4-2023 | 10806 | 19841 |
| 3-2023 | 31860 | 35502 |
- 39653, conf, WPX, Stratus 14-33H, Moccasin Creek, no production data,
- 39615, conf, Kraken, Gladys LE 29-20-17 11H, Oliver, no production data,
- 36572, conf, Hess, EN-Kiesl-155-94-1918H-7, Manitou,
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 6-2023 | 17438 | 42314 |
| 5-2023 | 21899 | 50469 |
| 4-2023 | 23358 | 44054 |
| 3-2023 | 38770 | 72402 |
- 39665, conf, WPX, Cumulus 14-33TFH, McGregory Buttes, no production data,
- 39296, conf, Slawson, Banshee 4-1H, Sanish, no production data,
- 37936, conf, BR, Boxer 3C TFH, Pershing, no production data,
- 35472, conf, Oasis, MHA 6-29-30H-150-92, Van Hook,
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 6-2023 | 5349 | 1042 |
| 5-2023 | 22355 | 12216 |
| 4-2023 | 35735 | 21009 |
| 3-2023 | 40326 | 18452 |
- 37935, conf, BR, Boxer 3B MBH, Pershing, no production data,
- 38994, conf, Hess, TI-Stenbak-158-95-2526H-9, Tioga,
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 6-2023 | 21486 | 22782 |
| 5-2023 | 23466 | 24042 |
| 4-2023 | 15484 | 14769 |
| 3-2023 | 16956 | 32783 |
- 37613, conf, BR, Pullman 3A MBH-ULW, Bear Creek, no production data,
- 35466, conf, Oasis, MHA 6-27-26H-150-92, Van Hook,
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 6-2023 | 11453 | 1832 |
| 5-2023 | 16443 | 6833 |
| 4-2023 | 18665 | 7939 |
| 3-2023 | 29671 | 10187 |
- 38996, conf, Hess, TI-Stenbak-LN-158-95-2526H-1, Tioga,
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 6-2023 | 9831 | 9275 |
| 5-2023 | 11466 | 11332 |
| 4-2023 | 11434 | 11273 |
| 3-2023 | 17777 | 18352 |
| 2-2023 | 1017 | 1332 |
- 37934, conf, BR, Boxer 3A TFH, Pershing, no production data,
- 37933, conf, BR, Parrish 4A MBH, Pershing, no production data,
- 35473, conf, Oasis, MHA 8-29-30H-150-92, Van Hook,
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 6-2023 | 4627 | 704 |
| 5-2023 | 23217 | 13379 |
| 4-2023 | 32079 | 18437 |
| 3-2023 | 35218 | 18884 |
Wells Coming Off The Confidential List This Next Week -- August 27, 2023
Locator: 45479B.
Wednesday, September 6, 2023: 66 for the month; 268 for the quarter, 513 for the year
39614, conf, Kraken, Gladys 29-20-17 4H,
Tuesday, September 5, 2023: 65 for the month; 267 for the quarter, 512 for the year
39295, conf, Slawson, Banshee 3-1H,
39032, conf, Liberty Resources, McGinnity 159-95-31-30-10MBH,
37929, conf, BR, Parrish 3A TFH,
37473, conf, SOGC (Sinclair), Saetz Federal 2-36H,
36573, conf, Hess, EN-Kiesel-155-94-1918H-6,
Monday, September 4, 2023: 60 for the month; 262 for the quarter, 507 for the year
39653, conf, WPX, Stratus 14-33H,
39615, conf, Kraken, Gladys LE 29-20-17 11H,
36572, conf, Hess, EN-Kiesl-155-94-1918H-7,
Sunday, September 3, 2023: 57 for the month; 259 for the quarter, 504 for the year
39665, conf, WPX, Cumulus 14-33TFH,
39296, conf, Slawson, Banshee 4-1H,
37936, conf, BR, Boxer 3C TFH,
Saturday, September 2, 2023: 54 for the month; 256 for the quarter, 501 for the year
35472, conf, Oasis, MHA 6-29-30H-150-92,
Friday, September 1, 2023: 53 for the month; 255 for the quarter, 500 for the year
37935, conf, BR, Boxer 3B MBH,
Thursday, August 31, 202: 52 for the month; 254 for the quarter, 499 for the year
None.
Wednesday, August 30, 2023: 52 for the month; 254 for the quarter, 499 for the year
None.
Tuesday, August 29, 2023: 52 for the month; 254 for the quarter, 499 for the year
None.
Monday, August 28, 2023: 52 for the month; 254 for the quarter, 499 for the year
38994, conf, Hess, TI-Stenbak-158-95-2526H-9,
37613, conf, BR, Pullman 3A MBH-ULW,
35466, conf, Oasis, MHA 6-27-26H-150-92,
Sunday, August 27, 2023: 49 for the month; 251 for the quarter, 496 for the year
38996, conf, Hess, TI-Stenbak-LN-158-95-2526H-1,
37934, conf, BR, Boxer 3A TFH,
37933, conf, BR, Parrish 4A MBH,
35473, conf, Oasis, MHA 8-29-30H-150-92,