AI -- Jargon And Personalties -- March 22, 2026

Locator: 50295AI. 

Clearing off the desktop:

Hinton: link here. The teacher.

Sutskever: link here. The student.

Yann Lecun, Ross Bodnyk, and a whole lot more: link here. 

Symbolic vs neural: link here. 

The "Vinge Singularity" -- a must-read. Link here. 

Hess With Four New Permits -- September 9, 2025

Locator: 49054B.

RPOs -- Oracle / Larry Ellison benefited from RPOs noted during its earning report September 9, 2025. Link here. RPOs:

In technology, "RPO" most commonly refers to Recruitment Process Outsourcing, a business model where a company outsources some or all of its talent acquisition and recruiting functions to a specialized third-party provider, acting as an extension of the internal team. This allows the company to benefit from the provider's expertise, technology, and resources to find and hire top talent more efficiently.

Larry Ellison was able to see some time ago that there would be a shortage of chips ("blades") for several years, and that shortage would occur sooner than later. He bought an extraordinary amount of Nvidia chips for the sole purpose of renting them out. His gamble / hunch paid off.

That's one reason I'm not betting against Intel. I'm not investing in Intel but my hunch is that at some point the demand for Intel chips will be significantly greater than what Intel can provide.  

Apple introduces four new iPhones. This will require a stand-alone post.

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Back to the Bakken

Sec of the Interior Doug Burgum was interviewed on CNBC today. He spoke to why the Trump administration is not supporting wind and solar energy. His answer was so "on point" that Brian Sullivan was unable to provide any push back. Doug Burgum is/was a Stanford graduate. He's probably going to be one of the best secretaries of the interior that the US has ever had, and certainly one of the best secretaries in Trump's cabinet.

WTI: $42.81.

Active rigs: 35.

Four new permits, #42289 - #42292, inclusive:

• Operator: Hess
• Field: Sorkness (Mountrail County)
• Comments:
• Hess has permits for four EN-Van Berkom wells, NESE 26-157-93, 
• to be sited 1868 FSL and 470 / 569 FEL.

New Tag Added: Jargon_Tech -- September 8, 2025

Locator: 49039JARGON. 

Updates

September 9, 2025: RPOs -- Oracle / Larry Ellison benefited from RPOs noted during its earning report September 9, 2025. Link here. RPOs:

In technology, "RPO" most commonly refers to Recruitment Process Outsourcing, a business model where a company outsources some or all of its talent acquisition and recruiting functions to a specialized third-party provider, acting as an extension of the internal team. This allows the company to benefit from the provider's expertise, technology, and resources to find and hire top talent more efficiently.

Original Post

Broadcom is getting a lot of attention now, and the stock is having a parabolic move, as they say. 

It's all due to XPUs.

"The Secret Sauce," Michael Fitzsimmons, September 8, 2025. If unable to access due to paywall, the next link is just as good, at Morningstar:

• "Buckle up, torrid AI growth is accelerating," September 5, 2025. Link here. Morningstar raises its fair value estimate for Broadcom stock.
• fair value estimate: $325
• three-star rating
• moat: wide
• uncertainty rating: high

Broadcom is on a tear.

The "Jargon_Tech" tag will help . 

Chips -- AI -- And All That Jazz -- Updates -- August 10, 2024

Locator: 48378CHIPS.

Updates

September 8, 2025: add XPUs to the discussion. See this post.

Original Post

Nothing really new here, but necessary to update some past posts, emphasize others, post story of the day.

Personal investing: I have never been happier with my portfolio, as I hand it off to my grandchildren. The hand-off is measured, deliberate, and avoids controlling from the grave. Once done, I'm done. Three components:

• energy
• tech
• dividends

So insane: link here.

Peacock: it was amazing the number of streaming options I had each day on my streaming devices, using Amazon's FireStick. Clicking on NBC's Paris coverage seemed to have an almost infinite number of choices. There's no way Peacock could have done that without almost infinite number of CPUs, GPUs, and NPUs. But mostly GPUs. Link here. 

Four major networks:

• NBC: everything seems to be going right -- sports, business, news.
  
• CBS: currently in fourth place? Huge shakeup in "Evening News with ...."
  
• ABC: at least they still have "The View."
  
• FOX: a joke.

AI: 

• two camps
• AI is all hype
• AI is real
• I'm in the second camp

AI servers, link here. 

Story of the day: AWS, Graviton, supercomputer. AWS Graviton wiki. Stand-alone post, perhaps. August 7, 2024. ARM, Fortnite, Beth, Graviton.

TSMC, the chip company that is struggling, link here. 

Pat on the back: I spotted "Graviton" months ago -- see Chips.

Update: add NPUs to discussion.

Reminder: Beth Kindig.

Cisco: laying off thousands. Second round of layoffs. Follows Splunk.

Tech, link here:

Nvidia's performance each full year since going public.

Chips -- Update, Commentary -- AMD To Build A Supercomputer? July 3, 2024

Locator: 48040TECH.

Updates

September 8, 2025: added moat-wide Broadcom and XPUs.

Original Post 

With regard to tech, chips, and investing, I consider this a big deal (for me). Note the usual disclaimer -- everywhere on the blog and also at the bottom of this page.

In the big scheme of things, I see:

• NVDA: GPUs
• AMD: CPUs
• AVGO: XPUs (Broadcom) -- added September 25, 205
  
• MU: memory
• NPUs: multiple, proprietary
• AAPL: SoC

Tabs at the top of the page:

• Chips.
• Tech.

The big source: wiki.

• transistor county;
• system on a chip;

System on a chip: Apple and Broadcom graphics at wiki --

A quick perusal of all these sites, plus:

• the blog, January 20, 2023;
• Chip War, Chris Miller, c. 2022;
• around 2022, I pivoted from energy to tech and developed an investing map based on that book

Putting that altogether ....

.... so, when I saw this, I was quite pleasantly surprised.

AMD: to build a supercomputer, 30x larger than the world's largest operational supercomputer? Link here. Press release from AMD:

Be sure to read the comments at the link. Particularly this one: https://x.com/WatchThisIWC/status/1808252744056426652. 

So, it that just idle chatter coming out of nowhere? It sure seems "pie in the sky," but then this credible source, tom'sHARDWARE:

Possibilities:

• US public: only intel agencies, and AMD wouldn't be discussing this if that's where the offer existed
• US private: there are only a few companies that could pull this off; think of the trillion-dollar market cap club: Amazon, possibly; Apple, no; MSFT, no; Musk (TSLA), possibly; NVDA, obviously not.
• sovereign nations:
• as noted above, US, no
• Saudi Arabia: wouldn't surprise me
• Japan: why?

The timing is incredibly interesting. An AMD press release following an international conference: see above.

The Frontier computer at wiki.

Then to come full circle:

Putting that altogether ....

.... so, when I saw this, I was quite pleasantly surprised. As an investor, this is almost actionable intel:

• unlike global warming, climate change, the tech revolution is not controversial;
• the tech revolution is very, very real
• huge FOMO among sovereign countries, and large market-cap publicly-traded companies
• unlike the dot.com bust several decades ago, "real" hardware -- not just webpages and dreams -- are being sold
• the tech revolution is being "run" by huge, well-known, well-managed tech companies, not be start-ups that we saw during the dot.com bust
• unlike the dot.com period when start-ups depended on huge amounts of hedge-fund support, the companies involved in the tech revolution have huge cash reserves; they have huge cash reserves and/or equity valuation that is not considered wildly out of line
• this revolution is occurring despite high interest rates; imagine what happens when the Fed makes that first cut;
  
• tech companies are growing into their evaluations
• Exhibit A:
• Nvidia: a p/e of 73
• AAPL: below it's "usual" p/e
• AVGO: 73; 10-1 split pending
• QCOM: 27
• INTC: 33
  

While writing the above:

• MSFT hits a new all-time high;
• AAPL turns positive again; if closes in the green, will set a new record; hits a new all-time high;
• NVDA snaps several-day losing stretch and is now (nicely) green today;
• MU up nicely today.

****************

Disclaimer Briefly Reminder

• I am inappropriately exuberant about the US economy and the US market, 
• I am also inappropriately exuberant about all things Apple. 
• See disclaimer. This is not an investment site. 
• 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.
• Reminder: I am inappropriately exuberant about the US economy and the US market, 
• I am also inappropriately exuberant about all things Apple.