MD @ Hedgeye; AI/Frontier Tech, Semis, China, $AAPL $NVDA $MSFT $CRWV $NBIS, OpenAI, Anthropic, $BABA $VRT $SE $AVGO Not Investment Advice

Cheers to a happy & healthy 2026! Below are all timestamped Long/Short ideas for 2025 and vs respective benchmarks. Appreciate everyone's support. Our average return per idea (active & closed ideas) is 16%. 76% hit rate. Short ideas accounted for 41% of all ideas. For tech research subscription, see below. We're adding a new product in 2026, geared for traders. Stay tuned. insights.hedgeye.com/global-… $NVDA $CRWV $NBIS $SE $BABA $TCEHY $AAPL $POET $ONTO 5930.KR $MU $DIDIY $SITM $MNSO $WYFI $MPNGY $XIACY $VRT $VRNS $PDD $AMAT
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Felix Wang, CFA retweeted
Replying to @HedgeyeTech
Great work.
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Felix Wang, CFA retweeted
BREAKING: President Trump says he and China’s President Xi have agreed to rename Artificial Intelligence to “Super Intelligence.”
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Felix Wang, CFA retweeted
We’re building Copilot as a new OS for work that spans every model, every form factor, and every task. Today, we’re announcing our biggest update to Copilot to date, bringing four things together: · Autopilot: proactive and long-running agent built for the enterprise · Code: build apps with Copilot, hosted inside your company’s tenant · Home: Chat + Cowork together · Office: now fully embedded in Copilot (and Copilot embedded in Office, of course!) Plus, you can invoke Copilot in Teams, and we’re introducing Today, a proactive experience that surfaces the most important information from across M365 without needing to ask for it. The way we work is changing and so are our workflows. This update brings AI into that flow, from answering a question, to building an app, to getting work done on your behalf.
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Yesterday morning, we told clients to take profits on Raspberry Pi $RPI.LN $RPBPF after a 20% surge post earnings. Today, the stock is down 9%. Did someone read our note? Our Long was already up 160% - good results but as we noted, the bar is much more challenging for 2H 2026, along with peak signs and potential impact from Meta's Muse Sign up for our research here: insights.hedgeye.com/global-…
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Felix Wang, CFA retweeted
Semiconductors are on pace to underperform the Nasdaq 100 by the most in nearly 20 years.
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Felix Wang, CFA retweeted
Replying to @minchoi
Colossus 1 is 150k H100, 50k H200 and 30k GB200. Colossus 2 is 110k GB200 and 440k GB300. Another 220k GB300 will be fully operational next week and another 220k in November. If we get lucky, yet another 220k GB300 by late December.
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Felix Wang, CFA retweeted
The Trump-Xi State Dinner guest list, per the White House: U.S. + China leadership 🇺🇸 President Donald Trump 🇺🇸 First Lady Melania Trump 🇨🇳 President Xi Jinping 🇨🇳 Madame Peng Liyuan 🇺🇸 Vice President JD Vance 🇺🇸 Second Lady Usha Vance Trump administration Marco Rubio Scott Bessent Howard Lutnick Pete Hegseth Chris Wright Robert F. Kennedy Jr. Linda McMahon Doug Burgum Sean Duffy Susie Wiles Stephen Miller Steve Witkoff John Ratcliffe Russell Vought Lee Zeldin Kelly Loeffler Jamieson Greer David Perdue Chinese delegation Cai Qi Wang Yi He Lifeng Zheng Shanjie Wang Wentao Lan Fo’an Ma Zhaoxu Xie Feng Tang Fangyu Zhou Hongxu Lyu Luhua Hong Lei Cai Wei Mao Ning Zhang Yongchao Tech + AI Elon Musk, Tesla / SpaceX Jensen Huang, Nvidia Mark Zuckerberg, Meta Lisa Su, AMD Tim Cook, Apple Sam Altman, OpenAI Greg Brockman, OpenAI Sergey Brin, Google Sundar Pichai, Google Satya Nadella, Microsoft Jeff Bezos, Amazon Michael Dell, Dell Eric Yuan, Zoom Cristiano Amon, Qualcomm Sanjay Mehrotra, Micron David Ellison, Paramount Skydance Wall Street + finance Jamie Dimon, JPMorgan David Solomon, Goldman Sachs Jane Fraser, Citi Larry Fink, BlackRock Stephen Schwarzman, Blackstone Lynn Martin, NYSE John F.W. Rogers, Goldman Sachs Brad Gerstner, Altimeter Ryan McInerney, Visa Michael Miebach, Mastercard Jeff Yass Industry + consumer Mary Barra, General Motors Kelly Ortberg, Boeing Jim Taiclet, Lockheed Martin Larry Culp, GE Aerospace Darren Woods, ExxonMobil Albert Bourla, Pfizer Bernard Arnault, LVMH Alexandre Arnault Congress + judiciary Chief Justice John Roberts Justice Amy Coney Barrett Justice Brett Kavanaugh Speaker Mike Johnson Sen. Steve Daines Rep. Jason Smith Rep. Richard McCormick Media Bret Baier Laura Ingraham Jesse Watters Trump family + personal guests Ivanka Trump Eric Trump Lara Trump Tiffany Trump Michael Boulos Viktor Knavs Arabella Kushner Miriam Adelson David Sacks Meredith O’Rourke
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Felix Wang, CFA retweeted
At the head table for the US China state dinner 👇 • President Trump & Melania • President Xi Jinping & Peng Liyuan • Elon Musk • Lisa Su • Jensen Huang and wife Lori • Tim Cook
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Oracle $ORCL declares force majeure in connection with New Mexico data center project
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Felix Wang, CFA retweeted
And Muse is free... for now.
Global LLM price war continues - OpenAI has introduced two new tiers—GPT‑6 Sol and GPT‑6 Luna—to its GPT‑6 series, with API pricing reduced by 50% compared to the promotional rates for GPT‑5.6. On same day that Opus 5.5 cut prices by 20% vs Opus 5 China AI LLM stocks selloff continues
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Global LLM price war continues - OpenAI has introduced two new tiers—GPT‑6 Sol and GPT‑6 Luna—to its GPT‑6 series, with API pricing reduced by 50% compared to the promotional rates for GPT‑5.6. On same day that Opus 5.5 cut prices by 20% vs Opus 5 China AI LLM stocks selloff continues
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This can’t be the model they were waiting to release before the IPO, right?
Claude Opus 5.5 takes the top spot on the Artificial Analysis Intelligence Index, along with a 20% price cut and larger cache hit discount Claude Opus 5.5 brings Anthropic to parity with GPT-6 Astra on evaluations like Terminal-Bench 4.0 and AutomationBench-AA, while extending Anthropic’s lead in agentic knowledge work. At max effort it scores 58 on the Artificial Analysis Intelligence Index, the highest score we have measured by several points. Anthropic has cut Opus pricing to $4/$20 per 1M input/output tokens (Opus 5: $5/$25) and cache reads from $0.50 to $0.20. Key takeaways: ➤ Consistent strong performance, with leading scores on six of the ten Intelligence Index evaluations: Humanity's Last Exam 61.4% (previous best 59.1%, Claude Fable 5.1), SciCode 66.9% (63.1%, Fable 5.1), GDPval-AA v2.1, AA-Briefcase v1.1, AA-Omniscience and AutomationBench-AA. On Terminal-Bench 4.0 it scores 59.6%, level with the leader GPT-6 Astra (xhigh) and +11 points over Opus 5. It remains slightly behind on CritPt, AA-LCR, and GDP.pdf ➤ Leads in agentic knowledge work: On AA-Briefcase, our private frontier knowledge work evaluation, it reaches an Elo of 1822. This is +143 over Fable 5.1, ahead on both analytical quality and presentation, and is the first time Anthropic has reached presentation quality surpassing GPT-5.6 Sol. This evaluation tests whether models can produce accurate and well-presented professional outputs using our open source reference agent harness, Stirrup ➤ Level with Opus 5 on cost per task despite 1.6x the output tokens: Opus 5.5 (max) uses ~119k output tokens per Intelligence Index task, against ~73k for Opus 5 (max), ~78k for Fable 5.1 (max) and ~27k for GPT-6 Astra (max) ➤ Four of five effort levels sit on the Intelligence vs Cost per Task frontier: Opus 5.5 max, xhigh, high, and medium all sit on the Pareto frontier, costing less or outperforming other models scoring 50+ (GPT-6 Astra, Claude Fable 5.1, and Claude Opus 5) Other model details: ➤ Context window: 1 million token context with image and text input support, unchanged from Opus 5 ➤ Pricing: $4/$20 per 1M input/output tokens, down 20% from $5/$25 for Opus 5. Cache writes $5 per 1M tokens for the 5 minute TTL, down from $6.25. Cache reads have been further discounted to $0.20 per 1M tokens, down 60% from Opus 5’s $0.50. This is a 95% discount compared to uncached input pricing, up from 90% on previous Opus models ➤ Effort settings: Five effort settings (low, medium, high, xhigh, and max). Intelligence Index evaluations were run at all five with Anthropic's default fallback enabled
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Felix Wang, CFA retweeted
Claude Opus 5.5 takes the top spot on the Artificial Analysis Intelligence Index, along with a 20% price cut and larger cache hit discount Claude Opus 5.5 brings Anthropic to parity with GPT-6 Astra on evaluations like Terminal-Bench 4.0 and AutomationBench-AA, while extending Anthropic’s lead in agentic knowledge work. At max effort it scores 58 on the Artificial Analysis Intelligence Index, the highest score we have measured by several points. Anthropic has cut Opus pricing to $4/$20 per 1M input/output tokens (Opus 5: $5/$25) and cache reads from $0.50 to $0.20. Key takeaways: ➤ Consistent strong performance, with leading scores on six of the ten Intelligence Index evaluations: Humanity's Last Exam 61.4% (previous best 59.1%, Claude Fable 5.1), SciCode 66.9% (63.1%, Fable 5.1), GDPval-AA v2.1, AA-Briefcase v1.1, AA-Omniscience and AutomationBench-AA. On Terminal-Bench 4.0 it scores 59.6%, level with the leader GPT-6 Astra (xhigh) and +11 points over Opus 5. It remains slightly behind on CritPt, AA-LCR, and GDP.pdf ➤ Leads in agentic knowledge work: On AA-Briefcase, our private frontier knowledge work evaluation, it reaches an Elo of 1822. This is +143 over Fable 5.1, ahead on both analytical quality and presentation, and is the first time Anthropic has reached presentation quality surpassing GPT-5.6 Sol. This evaluation tests whether models can produce accurate and well-presented professional outputs using our open source reference agent harness, Stirrup ➤ Level with Opus 5 on cost per task despite 1.6x the output tokens: Opus 5.5 (max) uses ~119k output tokens per Intelligence Index task, against ~73k for Opus 5 (max), ~78k for Fable 5.1 (max) and ~27k for GPT-6 Astra (max) ➤ Four of five effort levels sit on the Intelligence vs Cost per Task frontier: Opus 5.5 max, xhigh, high, and medium all sit on the Pareto frontier, costing less or outperforming other models scoring 50+ (GPT-6 Astra, Claude Fable 5.1, and Claude Opus 5) Other model details: ➤ Context window: 1 million token context with image and text input support, unchanged from Opus 5 ➤ Pricing: $4/$20 per 1M input/output tokens, down 20% from $5/$25 for Opus 5. Cache writes $5 per 1M tokens for the 5 minute TTL, down from $6.25. Cache reads have been further discounted to $0.20 per 1M tokens, down 60% from Opus 5’s $0.50. This is a 95% discount compared to uncached input pricing, up from 90% on previous Opus models ➤ Effort settings: Five effort settings (low, medium, high, xhigh, and max). Intelligence Index evaluations were run at all five with Anthropic's default fallback enabled
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One of our agentic AI Longs is up 20% in the past week. They should send a gift basket to Zuck. We’ll see if Muse mania and personal agents can persist and drive broader AI infra spending. I see it as an Openclaw sequel (without managing the computer). OpenAI may need to counterattack Muse with a stronger GPT Work product.
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Felix Wang, CFA retweeted
A group of banks led by Goldman Sachs has kicked off the sale of a roughly $1.1 billion junk bond to finance construction of a data center sponsored by affiliates of Blue Owl and leased to CoreWeave bloomberg.com/news/articles/…
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Felix Wang, CFA retweeted
. @SecScottBessent says the US wants a "shared vision" on AI with China. 🇨🇳
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