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Being Exponential | Luke Lango @beingexponential.bsky.social · 25/09/2026

AI agents could become the next toll collectors of the internet. Bloomberg Intelligence estimates that #UBER, #DASH, #LYFT, #CART, #ABNB, #BKNG, #MPNGY, and #EXPE process about $1 trillion in annual transaction value.

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Being Exponential | Luke Lango @beingexponential.bsky.social · 25/09/2026

🔊 New Being Exponential episode - #MU #SNDK memory tight into 2028 - #MRVL #GLW photonics optics drive next bottleneck - #AMD pops on inflows hitting new high - Cheap semiconductors beat expensive software on flows 🔗 www.youtube.com/watch?v=9wV...

A vibrant graphic featuring swirling colors and digital patterns, showcasing "AI Hardware Demand and Money Flows" podcast episode details.

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Being Exponential | Luke Lango @beingexponential.bsky.social · 22/09/2026

🔊 New Being Exponential episode - #AMD joins trillion-dollar club on CPU strength - #META Muse launch validates AI spending - #ARM AI CPU play with accelerating growth - #SNDK cheap multiple despite strong earnings growth - #QCOM sleeping giant, data center and edge AI 🔗 youtu.be/tzgZTwfwl8Y

A bull symbolizes a market rally, surrounded by AI chips, with a man discussing five stocks to watch in AI technology.

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Being Exponential | Luke Lango @beingexponential.bsky.social · 21/09/2026

Anthropic ARR tracking toward $100B+ in 2026. Given current growth rates + Astra success + Codex ramp, OpenAI probably finishes the year around $80B+ in ARR.

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Being Exponential | Luke Lango @beingexponential.bsky.social · 18/09/2026

New Being Exponential episode - #PANW best-in-class bundling, premium quality - #CRWD clean AI security, AI arms dealer - #NET agentic internet toll booth & bouncer - #FTNT value pick, slower growth but cheaper - #ZS zero trust for agents, most upside 🔗 www.youtube.com/watch?v=20K...

A man stands beside a shield, surrounded by animated, angry-looking spheres, highlighting issues in AI cybersecurity and investment strategies.

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Being Exponential | Luke Lango @beingexponential.bsky.social · 16/09/2026

New Being Exponential episode - AI leaders call for deliberate model slowdown - Safety regime likely raises compute demand - Double down on #AMD, #NBIS, #ALAB, #AVGO, #GLW, #MRVL - Trim debt-heavy AI periphery exposure - Rotate into cyber names #NET, #PANW, #CRWD youtu.be/JbNLs-k5rlI

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Being Exponential | Luke Lango @beingexponential.bsky.social · 11/09/2026

🔊 New Being Exponential episode - Iran oil spike plus sticky inflation overhang - #AMZN custom silicon deepens #QCOM partnership - QCOM deal lifts #MRVL, #AVGO, #AAOI - #AIS super-cycle ETF is new favorite - AI bifurcation regains its financial truth 🔗 youtu.be/IHkAOGfjZeU

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Being Exponential | Luke Lango @beingexponential.bsky.social · 11/09/2026

The August CPI report was "Goldilocks Hot": hot enough to cement a rate hike next week, but not enough to confirm a prolonged hiking cycle.

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Being Exponential | Luke Lango @beingexponential.bsky.social · 11/09/2026

Jensen Huang is right here. After the Hugging Face incident and with all these concerns about AI agents running rogue, cybersecurity is going to become a more mission-critical industry than ever, with more and more IT dollars getting allocated to cyber systems.

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Being Exponential | Luke Lango @beingexponential.bsky.social · 11/09/2026

By my rough math, #MSFT internal plan to more than triple data center capacity from 12GW -> 38GW into 2032 is consistent with $200B+ in annual capex over the next 5-6 years.

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Being Exponential | Luke Lango @beingexponential.bsky.social · 10/09/2026

Oil $100+... 10-year approaching 5%... 3%+ inflation that's on its way to 4%+... 70% odds of a rate hike next week... 3 hikes priced in over the next 12 months... and yet, #SPY #QQQ #AIQ all near all-time highs.

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Being Exponential | Luke Lango @beingexponential.bsky.social · 09/09/2026

We're in the "danger zone" for yields. That 4.8% to 5.0% range for the 10-year has been a death blow for stocks since the AI Boom started.

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Being Exponential | Luke Lango @beingexponential.bsky.social · 09/09/2026

🔊 New Being Exponential podcast: - #QCOM: AWS deal, new bull case - #AVGO: custom silicon + networking - #MRVL: #GOOGL, Anthropic, OpenAI, #META ties - #HWM: casting moat, #SPCX threat overblown - #LULU: weak fundamentals, new rivals 🔗 youtu.be/oks0FVfc2Qc

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Being Exponential | Luke Lango @beingexponential.bsky.social · 08/09/2026

For all those AI doomers worried about collapsing AI compute costs. Ornn's H100 Rental Price Index is up to $3.17 per hour, up 35%+ since mid-June and at its highest level since the big supply-constrained spike of May 2026. H100 is a three-year-old architecture.

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Being Exponential | Luke Lango @beingexponential.bsky.social · 05/09/2026

🔊 New Being Exponential episode - #NVDA blowout couldn't lift AI stocks - #QQQ and #SMH flat since May - Margins broke a 15-year range - Excess liquidity turned negative - Hawkish Fed, Iran conflict lifted yields - Risk contained, snapback likely 🔗 youtu.be/M_j3gzAYC-Y

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Being Exponential | Luke Lango @beingexponential.bsky.social · 05/09/2026

Semi exports up. Semi stock prices down. Yet another signal of diverging sentiment and fundamentals. The market has a liquidity problem right now. Once that gets solved, and it should soon, AI stocks are due for a massive snapback rally to fundamental reality.

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Being Exponential | Luke Lango @beingexponential.bsky.social · 03/09/2026

Both #AVGO and #CIEN are down today, but both offered a ton of evidence to support the bull thesis that the AI infrastructure spending supercycle is accelerating and broadening.

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Being Exponential | Luke Lango @beingexponential.bsky.social · 03/09/2026

I'm a big "price is truth" guy, but I think the correct saying is more like "price is sometimes truth, but it can also lie every once in a while", and I think we're getting the "lie" part right now in #AVGO.

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Being Exponential | Luke Lango @beingexponential.bsky.social · 02/09/2026

🔊 New Being Exponential episode - #DELL crushed Q2, AI infrastructure trade validated - #CRDO strong growth but margin mix concerns - #FRVO Google geothermal deal could ignite sector - #BE top pick, #FCEL and #EOSE wait 🔗 www.youtube.com/watch?v=E9O...

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Being Exponential | Luke Lango @beingexponential.bsky.social · 31/08/2026

There's a lot of this going on in the market right now: EPS trendlines are diverging from stock price trendlines. This can signal a split between strengthening underlying fundamentals and weakening investor sentiment.

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Being Exponential | Luke Lango @beingexponential.bsky.social · 31/08/2026

#HWM thoughts... One of my preferred stocks in the "space AI" theme is taking a big hit after Elon Musk confirmed that #SPCX is bringing gas-turbine blade-and-vane casting in-house at a new foundry in Bastrop, TX.

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Being Exponential | Luke Lango @beingexponential.bsky.social · 31/08/2026

I thought strong #NVDA numbers w/ that 70% FY28 guide were going to be enough to restart the rally. They weren't. We've round-tripped that rally on #QQQ #SMH #SOXX #AIS.

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Being Exponential | Luke Lango @beingexponential.bsky.social · 31/08/2026

🔊 New Being Exponential episode - Public backlash now biggest AI bottleneck - Data center support collapsing across party lines - AI CapEx risk is political, not technical - #BE leads bring-your-own-power fuel cell play - Nuclear names #CCJ #OKLO #SMR could resurge 🔗 www.youtube.com/watch?v=BqC...

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Being Exponential | Luke Lango @beingexponential.bsky.social · 28/08/2026

This is just a really odd divergence between earnings momentum for AI infrastructure stocks (forward EPS estimates in blue) and price momentum (#SOX price in white).

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Being Exponential | Luke Lango @beingexponential.bsky.social · 28/08/2026

AI trade technical health check: #AIS #SMH #SOXX all trying hard to defend their 100-day moving averages. The rebound from the late July lows remains intact, with the trend of higher lows and higher highs intact off those July lows.

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Being Exponential | Luke Lango @beingexponential.bsky.social · 28/08/2026

This is why Abbott’s data center moratorium down in Texas is such a big deal. We haven't cleared that risk yet. And it’ll remain top of mind for investors going into the midterms. But something tells me this front will go quiet after November and stay quiet until 2028…

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Being Exponential | Luke Lango @beingexponential.bsky.social · 27/08/2026

New from Bloomberg today: After last night’s blowout Nvidia report, Bloomberg projects that the largest chipmakers in the world (#AMD #AVGO #INTC #MU #NVDA #SSNLF #SKHY) will exceed $1 trillion in free cash flow in 2027 as the AI infrastructure buildout accelerates.

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Being Exponential | Luke Lango @beingexponential.bsky.social · 27/08/2026

#NVDA just confirmed that the AI Bifurcation will persist, and today’s price action reflects it. Tech and growth are up a bunch. Every other sector — and I mean literally every other sector — is down.

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Being Exponential | Luke Lango @beingexponential.bsky.social · 26/08/2026

🔊 New Being Exponential episode - #BTC fifth boom cycle potentially beginning - Clarity Act vote could be major catalyst - #ETH, #LINK, #XRP lead the recovery rally - #AAVE, #UNI, #HYPE, #MOR high-alpha altcoin picks - #HOOD favorite stock play for tokenization 🔗 youtu.be/MNpt4oW2UK4

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Being Exponential | Luke Lango @beingexponential.bsky.social · 25/08/2026

The whole stink about collapsing AI token prices is much ado about nothing because GPU rental prices are still rising even as token prices are dropping, including a big spike in #NVDA GPU clearing prices in the last few weeks, implying that compute demand is still very robust.

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Being Exponential | Luke Lango @beingexponential.bsky.social · 25/08/2026

August Consumer Confidence report from the Conference Board was more of what we've seen in the macro data in the last few months (and actually the last few years, too, ever since ChatGPT launched).

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Being Exponential | Luke Lango @beingexponential.bsky.social · 21/08/2026

After digging deeper into the data, I think the first compelling technical signal that the crypto winter is thawing may have just arrived... #BTC #ETH #SOL #XRP

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Being Exponential | Luke Lango @beingexponential.bsky.social · 20/08/2026

🔊 New Being Exponential episode - #WMT earnings signal slowing consumer spending - Oil prices rise on Middle East tensions - Bond yields climb on inflation concerns - State-level AI regulation remains a key risk - #BTC rally is met with skepticism and caution 🔗 youtu.be/9dUvvahXpXo

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Being Exponential | Luke Lango @beingexponential.bsky.social · 20/08/2026

Interesting disconnect in the latest business formation data. U.S. business applications jumped 8.1% in July to 578,926. High-propensity applications rose just 1.4%, while applications with planned wages fell 1.6%.

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Being Exponential | Luke Lango @beingexponential.bsky.social · 18/08/2026

This chart may be the most bullish thing I've seen for AI stocks... ever. Median monthly AI spend per employee among the top 1% of AI adopting firms: $7,400/mo. Median monthly AI spend per employee among all AI adopting firms: $12/mo. That gap is the growth opportunity.

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Being Exponential | Luke Lango @beingexponential.bsky.social · 14/08/2026

🔊 New Being Exponential episode - #NBIS leads neocloud space with blowout earnings - #CRWV revenue surges with massive backlog growth - #LITE optics revenue growth accelerating quarter over quarter - Optics read-through bullish for #AAOI #COHR #FN - Benign CPI report removes rate hike risk 🔗🔽

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Being Exponential | Luke Lango @beingexponential.bsky.social · 14/08/2026

Some mental math on the whole #SPX rallies another 25% into the end of the year...

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Being Exponential | Luke Lango @beingexponential.bsky.social · 13/08/2026

And this stock is trading for just 6.5x FY27E EPS. For mid-to-high-teens compounded revenue growth and sustainable 80% gross margins, 75% operating margins, and 50% free cash flow margins. How do you not love #SNDK?

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Being Exponential | Luke Lango @beingexponential.bsky.social · 13/08/2026

Median rent in NYC is $5,000 per month?? That is just obscene. And unsustainable. Maybe Burry is focused on the wrong "bubble."

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Being Exponential | Luke Lango @beingexponential.bsky.social · 12/08/2026

🔊 New Being Exponential episode - #RDW record revenue with massive backlog growth - #BKSY turning profitable with strong sequential growth - #RKLB shifting to vertically integrated space AI - #ASTS building direct-to-smartphone satellite network - #SPCX AI segment hits EBITDA-positive milestone 🔗🔽

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Being Exponential | Luke Lango @beingexponential.bsky.social · 11/08/2026

But I thought AI wasn't proving valuable? S&P 500 operating profit margins jumped by the most on record in Q2, excluding the Covid recovery, to a record high of 18.3%. That's four percentage points above its long-term average going back to 2004 despite high oil prices and high inflation.

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Being Exponential | Luke Lango @beingexponential.bsky.social · 07/08/2026

That's a "Goldilocks Bad" jobs report. Weak enough to restrain the Fed without being weak enough to signal an imminent recession. That's bullish for stocks, with nuance, because it largely reinforces the market dynamics that have dominated Wall Street since 2023 (AI up / everything else down).

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Being Exponential | Luke Lango @beingexponential.bsky.social · 06/08/2026

🔊 New Being Exponential episode - #BE fundamentals detached from price during selloff - #SNDK memory demand remains structurally constrained - #SMH selloff deeply incongruent with rising EPS estimates - Capital re-concentrating into AI infrastructure names 🔗 youtu.be/8JeClP74xzY

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Being Exponential | Luke Lango @beingexponential.bsky.social · 06/08/2026

Love that print from #DASH because it is a powerful validation of the "Everything Delivery" thesis. The headline results were excellent.

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Being Exponential | Luke Lango @beingexponential.bsky.social · 06/08/2026

I really like the #GFS Q2 report because it looks like a forceful validation of the AI bull thesis. It also makes the stock's recent 40%+ crash look fundamentally incongruent and increasingly like a compelling buying opportunity.

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Being Exponential | Luke Lango @beingexponential.bsky.social · 05/08/2026

Great quarter from #SHOP emphasizes that this company will avoid SaaSmageddon and emerge as an AI application layer winner.

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Being Exponential | Luke Lango @beingexponential.bsky.social · 05/08/2026

Forget the "broadening". It ain't happening. The July ISM Services report reinforced the case for a resilient but increasingly two-speed economy, with a market that remains narrowly concentrated in the AI complex.

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