Locator: 49369ARCHIVES.
Let's get the numbers down, for chip deals, large data centers, energy demands. I may be completely wrong on this, but this is the scaffolding on which I am beginning. Think of 1 GW as enough electricity to power a million homes:
- 1 GW: big, should get your attention
- 2 GW: sort of becoming the baseline; huge but becoming commonplace
- 6 GW: only a few are even contemplating anything greater than 5 GW
- 10 GW: OpenAI and that's probably it for now
Video of the day: at this link.
Bear market history: link here.
Steak and Shake:
Entergy: getting a lot of interest now that it has been selected to build in Louisiana to power Meta's 2 GW data center. Link here to Beth.
- CEO Phillip May says interest spans from >100 MW to GW-scale projects.
Energy / AI: large data centers will consome 12% of US power in less than five years. Link here.
- the grid is nowhere ready for this;
- that's why Stargate (and many others) will not be on the grid.
AI drove global datacenter demand: LDC demand would have slowed had it not been for AI. Link here.
Amazon: the market is massively underpricing what Amazon is building. Link here.
- four reasons why Amazon is Shay Boloor's largest holding at that link;
- a lot of negative "press" --
- I'm also building a position in Amazon, something I thought I would never do;
- it may not become my largest holding -- lots of catching up to do, but rate of growing that position may be the greatest of all my positions right now;
Google profit: biggest quarterly gain in more than 20 years. Link here.
Broadcom: says mystery $10 billion customer that it announced in September, 2025, isn't OpenAI. Link here.
Samsung:
- is said to be supplying the HBM4 memory for AMD's M1450 GPUs for the first 1 GW deployment;
- AMD shares are up 35% after it struck a deal with OpenAI that could see the ChatGPT parent take up to a 10% stake in the chipmaker, while agreeing to deploy 6 GW of AMD's Instinct GPUs across several year, starting with 1 GW in 2H26.
OpenAI
- tapped Broadcom to build its first AI processor in latest chip deal, link here to Reuters.
- has committed to up to 26 GW of chips between Nvidia, AMD, and Broadcom. Link here.
- OpenAi and Broadcom signed a deal to develop 10 GW of custom chips to be deployed in OpenAI-owned and third-party data centers.
- Broadcom will begin deploying the AI accelerator racks in 2H26 (next year) and finish by 2029.
- this new 26 GW commitment implies a new $1.1 trillion TAM.
- is reportedly working with SoftBank's ARM Holdings subsidiary to develop CPUs designed to work with OpenAI's server chip. Link here.
Iran: for reasons still unknown, most Iranian-flagged tankers are now transmitting properly over AID without spoofing; for the first time in seven and a half years. The change began today. Two different AID data providers confirm. Link here. It could simply be re-setting their systems before they get back to spoofing.
Reuters technology wrap:
- OpenAI taps Broadcom to build its first AI processor in latest chip deal;
- Amazon to hire 250,000 seasonal works fro third straight year;
- China approves iPhone Air to begin pre-order;
- Samsung set for highest Q3 profit in three years as AI demand lifts chiop prices:
- Salesforce to invest $15 billion San Francisco over five years.
Anthropic and AI parter:
- the AI startup (Anthropic) and the enterprise tech giant team up to make Anthropic's Claude models available to developers on IBM's software. Link to The WSJ.
