To The Moon

Amazon announced a reinvestment of about $5 billion (20 billion in future) in Anthropic, in exchange for a commitment to use hundreds of billions of AWS computing power and ASIC chips over the next decade. The "revolving investment" model of the giants' left hand investment and right hand cash out earnings has been priced reasonably. This kind of heavy capital game that bypasses the traditional real economy recession and self-produced and self-sales, making the semiconductor sector an independent kingdom free from macro gravity.

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JPMorgan Chase are holding $40 billion in excess capital, preferring to miss short-term returns to strengthen their defensive positions $摩根大通(JPM)$  

The financial reporting season opened the gap between the market greed expectations and the actual operation of enterprises. TSMC's share price in ADR fell 3.1 per cent just after delivering a perfectly quarterly report. The same tragedy happened to ASML

Asml Chief Executive admitted that investment in AI infrastructure is strongly driving the semiconductor industry growth, with customer capacity already sold out until the end of the year, and expects that supply bottlenecks will inevitably continue beyond 2026. To cope with this frenzy, the company is working hard to boost production by promising at least 60 low-value aperture systems this year and plans to boost production capacity further to at least 80 by 2027.

The market pricing of AI infrastructure implies an extremely optimistic assumption: data centers can be built at a pace that matches the speed of capital investment. The reality is that capital can be put into place overnight, but transformers cannot. When the four tech giants lavish 650 billion dollars in annual capital expenditures, investors must ask the uncomfortable but inevitable question: Will the money be spent? If nearly half of the data centers are delayed, that means that conversion efficiency of capital expenditures is greatly reduced, AI expansion will be significantly slower than market expectations, and those valuation multiples based on the "exponential growth" narrative will eventually face the gravity of the physical world.

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Nearly three-quarters of the month-on-month increase in CPI in March came from record increases in gasoline prices. Energy prices surged 10.9% annually, which is the core culprit behind the overall inflation drive. But looking back at core consumer prices, which exclude food and energy, rose by just 0.2 per cent month and 2.6% year-on-year, both figures are below market expectations. The core CPI is expected to be 0.3% on a monthly basis, but in reality it is only 0.2%, yearly expected to be 2.7%, and in reality it is only 2.6%. That is to say, this price increase is essentially energy inflation triggered by external supply side shocks, rather than structural wage spiral inflation. This is crucial. Goldman's global inflation forecast has made it clear that the nominal inflation represented

"Whisper of Ghost" (also reported as "Ghost Murmur" or "Ghost Whisper") is the codename for a highly classified U.S. military/intelligence technology used in a real-world rescue operation in April 2026.What it isIt’s a cutting-edge detection system developed by Lockheed Martin’s Skunk Works division. The device uses long-range quantum magnetometry (sensors based on microscopic defects in synthetic diamonds) combined with AI software to pick up the faint electromagnetic signals generated by a human heartbeat — signals as weak as tens of microvolts (μV).It can detect and isolate a single living person’s heartbeat from background noise (even in rugged terrain, from aircraft or long distances — reports mention capabilities up to dozens of miles in the right conditions). The name is poetic: "Gh