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Jim Royal, PhD

@jimroyalphd.bsky.social
79 followers 31 following 158 posts

Author of The Zen of Thrift Conversions and Options Trading 101. Prospecting for special situations (#spinoffs, #thriftconversions) that create advantageous stock mispricing. MarketWise.

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Jim Royal, PhD @jimroyalphd.bsky.social · 07/10/2026
Any guesses on when Anthropic and OpenAI announced their IPOs? (Yes, it was right at the start of June.)
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Adam McKay @ghostpanther.bsky.social · 21/09/2026
Wrote it with Rob Smigel. And yes, it was pulled from reruns.
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Jim Royal, PhD @jimroyalphd.bsky.social · 19/09/2026
Trillions of investment to get this pathetic hot mess. This is what is going to take our jobs?
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Jim Royal, PhD @jimroyalphd.bsky.social · 16/09/2026
So OpenAI can't get a $1 trillion valuation on an IPO and now it's trying to solicit more funds at a $1.2 trillion valuation? LOL. #OPENAI www.wsj.com/tech/ai/open...
wsj.com
OpenAI Considers Pre-IPO Funding Round at More Than $1.2 Trillion Valuation
The ChatGPT maker has had preliminary investor discussions about a new raise. It is likely to go public next year.
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Jim Royal, PhD @jimroyalphd.bsky.social · 15/09/2026
The Three Stooges of AI -- Dario, Sam, and Elon -- are angling for the next round of public grift: legal CYA, protection from Chinese competition, and even setting up the potential for a taxpayer bailout. #AIGrift bsky.app/profile/dean...
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Jim Royal, PhD @jimroyalphd.bsky.social · 14/09/2026
100%.
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Jim Royal, PhD @jimroyalphd.bsky.social · 10/09/2026
One wonders if the real problem isn't the enforcement of laws that substantially penalize criminal AI acts. Instead, admitted AI criminality is met with an "oopsie".
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Jim Royal, PhD @jimroyalphd.bsky.social · 04/09/2026
0% astra 100% aspera
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Reposted by Jim Royal, PhD
Dean Baker @deanbaker13.bsky.social · 01/09/2026
Very good piece on how the shit is about to hit the fan as the AI companies have to start paying for data centers when they come online in a big way, starting next year www.groundbrkr.com/p/the-teaser... Hopefully, even brain-dead billionaires can see this coming.
groundbrkr.com
The Teaser Period: Why the AI Boom Is Hitting a Reset Wall
Trillions in compute commitments come due in 2027–2028. The Reset Wall reveals how the AI boom breaks, and when.
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Jim Royal, PhD @jimroyalphd.bsky.social · 31/08/2026
LOL... There's SO MUCH demand for AI compute that SB Energy had to offer OpenAI $5.5 billion in warrants.... R-i-i-i-i-ght www.wsj.com/tech/ai/the-...?
wsj.com
Exclusive | The $5.5 Billion Perk SoftBank’s Data-Center Venture Offered to Land OpenAI
SB Energy’s agreement deepens its financial ties with the artificial-intelligence company in an effort to build out projects.
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Jim Royal, PhD @jimroyalphd.bsky.social · 28/08/2026
OpenAI, Anthropic and other so-called frontier labs, she [the CFO] said, are “growing faster than what their balance sheets and credit profiles can support.” #OPENAI #ANTHROPIC $NVDA A loss of $12.3 billion in a single quarter with no end in sight... That'll do it... www.wsj.com/tech/ai/nvid...?
wsj.com
Nvidia Insists It Can Keep Printing Money to Fund the AI Boom
The chip maker says its sales ‘flywheel’ is more than robust enough to fund the financial support it gives frontier AI labs and data-center developers
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Jim Royal, PhD @jimroyalphd.bsky.social · 25/08/2026
90% of the current U.S. economy? Sure, Jan.
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Andrew Lawrence @ndrew.bsky.social · 17/08/2026
“it costs less money than what we’re doing now” is the only answer we need to push normies towards universal healthcare
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Jim Royal, PhD @jimroyalphd.bsky.social · 11/08/2026
Elon Musk is about to rip off shareholders again. $TSLA $SPCX
wsj.com
See How a Tesla-SpaceX Merger Gives Musk a Shortcut to His $1 Trillion Payday
A critical clause in the CEO’s Tesla stock award would wipe away lofty performance targets if a merger happened.
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Jim Royal, PhD @jimroyalphd.bsky.social · 24/07/2026
My latest $TSLA marketwise.com/investing/te...
marketwise.com
Tesla Shares Plunge: Falling Profits, Robotaxi Delays Spook Investors - MarketWise
Tesla's stock was down big after the company's second-quarter earnings report, as it heavily discounted cars and some key projects struggle with delays, amid growing SpaceX merger speculation.
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Jim Royal, PhD @jimroyalphd.bsky.social · 21/07/2026
Oracle's already down 50% from its relative high weeks ago, but plenty more could be on the way. $ORCL marketwise.com/investing/or...
marketwise.com
Here's How Oracle (ORCL) Stock Could Sink 50% Lower - MarketWise
Oracle's fate depends heavily on the ability of customer OpenAI to continue raising money so that it can make rent payments on Oracle's AI data centers.
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Jim Royal, PhD @jimroyalphd.bsky.social · 21/07/2026
Oh, just another speed bump on Oracle's path... $ORCL
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Jim Royal, PhD @jimroyalphd.bsky.social · 21/07/2026
Then multiply this effect across domains -- legal, healthcare, other technical fields with lives at stake, etc etc -- and you have a recipe for catastrophe.
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Dean Baker @deanbaker13.bsky.social · 20/07/2026
SpaceX's stock fell 15% last week, can the momentum be sustained? deanbaker22.substack.com/p/spacex-dro...
deanbaker22.substack.com
SpaceX Drops 15%, Can the Momentum be Sustained?
Also, a quick comment on the economists' AI letter
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Reposted by Jim Royal, PhD
Dean Baker @deanbaker13.bsky.social · 13/07/2026
AI sales went down (as in not up) last week, but what does reality have to do with the stock prices? deanbaker22.substack.com/p/ai-sales-g...
deanbaker22.substack.com
AI Sales: Going the Wrong Direction
I thought booms were supposed to be upward
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Jim Royal, PhD @jimroyalphd.bsky.social · 01/07/2026
We got real problems (ahem, global warming) that need trillions in investment now, today. Instead, Silicon Valley is investing big in losers: -- #LLMs -- #Crypto -- #AGI And please no "But AI will help us solve global warming." 🙄
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Jim Royal, PhD @jimroyalphd.bsky.social · 18/06/2026
$SPCX #OPENAI #ANTHROPIC marketwise.com/investing/op...
marketwise.com
OpenAI's Losses Surge to $21 Billion: Here's What's Keeping the AI Bubble Afloat - MarketWise
OpenAI had $20.9 billion in operating losses in 2025, but the AI bubble will continue to inflate as long as investors are willing to fund it.
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Jim Royal, PhD @jimroyalphd.bsky.social · 16/06/2026
An AI price war? Even considering one shows the kind of trouble the industry is in. #AI marketwise.com/investing/an...
marketwise.com
Anthropic vs. OpenAI: Why a Price War Threatens to Burst AI Bubble - MarketWise
OpenAI is considering lowering the price of tokens that power its AI models, such as ChatGPT, and rival Anthropic may do the same, sparking a costly price war to the tech industry. Here's how that cou...
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Jim Royal, PhD @jimroyalphd.bsky.social · 16/06/2026
Kinda blows a hole in the narrative, doesn't it?
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Jim Royal, PhD @jimroyalphd.bsky.social · 12/06/2026
marketwise.com/investing/re... $SPCX
marketwise.com
3 Reasons Why SpaceX's IPO Could Flop Like Facebook's Busted Debut - MarketWise
The SpaceX IPO has several features that make it look like the busted IPO of Meta Platforms (META), but will it be able to rise again if its IPO is a bust?
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Jim Royal, PhD @jimroyalphd.bsky.social · 12/06/2026
Fabulous (and humorous) example of how #AI riddles our knowledge (and law and finance, etc) with slop. www.404media.co/elias-thorne...
404media.co
Chatbots Keep Telling Stories About Lighthouse Keeper 'Elias Thorne'. We Might Know Why
LLMs including ChatGPT, Gemini and Claude are obsessed with telling stories about lighthouse keepers and clockmakers, and one character named 'Elias Thorne' has made his way from chatbots to Amazon bo...
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Jim Royal, PhD @jimroyalphd.bsky.social · 10/06/2026
garymarcus.substack.com/p/the-reveng... #AIscam
garymarcus.substack.com
The revenge of Claude Mythos
🙄
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Jim Royal, PhD @jimroyalphd.bsky.social · 04/06/2026
marketwise.com/investing/sp...
marketwise.com
Will SpaceX's 'Catastrophic' Governance Scare Off IPO Investors? - MarketWise
SpaceX may be the most hotly anticipated IPO in 2026, but at least one investor has blacklisted Elon Musk's firm for its "catastrophic governance structure."
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Jim Royal, PhD @jimroyalphd.bsky.social · 04/06/2026
marketwise.com/investing/al...
marketwise.com
Why Alphabet Pivoted to Massive $80 Billion Stock Sale to Fund AI - MarketWise
Alphabet is setting the record for the largest equity capital transaction ever, as it sells $80 billion in stock to fund investments in artificial intelligence data centers.
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Jim Royal, PhD @jimroyalphd.bsky.social · 02/06/2026
Great piece on the economics of AI from Brad DeLong braddelong.substack.com/p/inference-...
braddelong.substack.com
Inference Is Unlikely to Ever Be a Low Marginal Cost Operational Node, & the Other Reasons Why the Anthropic and OpenAI IPOs Ought to Fail
Digital Gods, real costs: why a rational world would see the doom of the foundation‑model-builder IPO, because the AI labs are highly unlikely to ever get profits, let alone hyperprofits…
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Jim Royal, PhD @jimroyalphd.bsky.social · 02/06/2026
AIpocalypse now www.cnbc.com/2026/05/29/-...
cnbc.com
Tokens or humans? The new corporate trade-off
AI is costing far more than companies expected, forcing CFOs into a new trade-off between tokens and humans and posing a risk the market hasn't priced in.
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Jim Royal, PhD @jimroyalphd.bsky.social · 29/05/2026
Oopsie... techstartups.com/2026/05/28/c...
techstartups.com
Company accidentally spent $500 million on Claude AI in one month after forgetting usage limits - Tech Startups
One enterprise company reportedly learned the hard way that AI doesn’t just write code and answer prompts. It can torch a budget at a pace most CFOs have never seen before. According to a report from ...
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Jim Royal, PhD @jimroyalphd.bsky.social · 29/05/2026
www.motherjones.com/politics/202...
motherjones.com
Oligarchs are robbing America blind, and the IRS is powerless to stop them
The Wealth Defense Industry and its politicians have seen to that.
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Jim Royal, PhD @jimroyalphd.bsky.social · 27/05/2026
SpaceX’s newly released prospectus highlights the company’s efforts to promote the stock while also revealing concerns about the realism of some of its long-term claims. $SPCX marketwise.com/investing/sp...
marketwise.com
The 7 Most Outlandish Things from SpaceX's IPO Prospectus - MarketWise
SpaceX's new IPO prospectus shows how it's working hard to promote the stock even as it shows how unrealistic many claims are. Investors should be wary of these things.
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Jim Royal, PhD @jimroyalphd.bsky.social · 14/05/2026
Cerebras is set to rise more than 100% of its IPO offering price. Here's a look at the numbers behind that kind of performance. $CBRS marketwise.com/investing/ce...
marketwise.com
Cerebras IPO Range Supersizes to $150-$160, Looks Very Expensive - MarketWise
Cerebras Systems raised its IPO price range, repricing to $150 to $160. Cerebras' IPO is reportedly 20 times oversubscribed, indicating massive demand, but the AI chip maker looks expensive.
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Jim Royal, PhD @jimroyalphd.bsky.social · 14/05/2026
Approaching 50x my generous estimate of 2026 sales. Everything is fine...
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Jim Royal, PhD @jimroyalphd.bsky.social · 07/05/2026
Crypto-collateralized mortgages cost way more than conventional mortgages. The #crypto industry wants you to believe they're the wave of the future. Like the rest of crypto, they're just products for people who can't think clearly.
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Jim Royal, PhD @jimroyalphd.bsky.social · 05/05/2026
SpaceX CEO Elon Musk may have something even bigger up his sleeve than a SpaceX IPO – a potential merger with Tesla. #SPACEX $TSLA marketwise.com/investing/is...
marketwise.com
7 Reasons Why a SpaceX and Tesla Merger Could Happen - MarketWise
SpaceX is preparing a huge IPO that could set up a potential merger with Tesla, giving CEO Elon Musk control of the combined company. Here's why it could happen.
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Jim Royal, PhD @jimroyalphd.bsky.social · 05/05/2026
"These pre-IPO derivatives represent the latest retail frontier of that shift: the same permissionless architecture that once powered memecoin speculation is being used to ride the likes of Anthropic in real time." #crypto finance.yahoo.com/news/ais-hot...
finance.yahoo.com
AI’s Hottest Private Firms Have Booming Crypto Shadow Market
(Bloomberg) -- The race to sell retail investors a piece of the AI boom has gone mainstream — closed-end funds, interval funds, special-purpose vehicles. Now, crypto platforms are offering trades tied...
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Jim Royal, PhD @jimroyalphd.bsky.social · 19/04/2026
Millions of Americans may be forced to own Elon Musk’s SpaceX stock soon after it goes public, due to recent changes in how the Nasdaq includes stocks in its Nasdaq 100 index. Sounds outrageous, doesn’t it? It gets even worse when you dig into the details, though. #SPACEX
marketwise.com
SpaceX IPO Could Force Investors Into an Overvalued Stock - MarketWise
Nasdaq rule changes may push millions of investors into SpaceX after its IPO. Here’s why critics say the stock could be massively overvalued.
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Jim Royal, PhD @jimroyalphd.bsky.social · 29/04/2026
"A survey...of 3750 executives and employees finds that, even though 81% of executives think their AI tools have 'significantly improved productivity,' their workers are actually wasting eight hours per week cleaning up AI-slop...51 work days a year." www.nakedcapitalism.com/2026/04/russ...
nakedcapitalism.com
Russell’s Teapot: Dispatches From the Final Stage of the AI Bubble | naked capitalism
The AI future sold to markets rests on claims that cannot survive scrutiny, not foresight but hype dressed up as inevitability.
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Jim Royal, PhD @jimroyalphd.bsky.social · 28/04/2026
This new #crypto product will help almost no one, because few people own enough crypto to make a home down payment anyway. It’s yet another example of crypto “solutions” that are in search of problems. Thank you, @profhilaryallen.bsky.social marketwise.com/investing/cr...
marketwise.com
Why Bitcoin Investors Should Avoid Crypto-Backed Mortgages - MarketWise
Crypto-backed mortgages can cost up to 30% more per month than traditional loans. Read our full breakdown to see how the extra yearly costs compare to potential tax savings.
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Jim Royal, PhD @jimroyalphd.bsky.social · 23/04/2026
EchoStar acquired the right to $11 billion in SpaceX stock at $212 per share. But the price of SpaceX has soared in recent months with new valuation rounds. $SATS #SPACEX marketwise.com/investing/ec...
marketwise.com
Buying EchoStar for SpaceX Exposure: Worth the Risk? - MarketWise
EchoStar holds a valuable stake in SpaceX, but uncertainty around the deal and valuation raises key risks for investors.
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Jim Royal, PhD @jimroyalphd.bsky.social · 20/04/2026
truthout.org/articles/wan...
truthout.org
Want to Resist a Data Center? These Organizers Share How They Did It.
Organizers from Tennessee, Wisconsin, and Arizona share strategies for resisting data centers in other communities.
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Jim Royal, PhD @jimroyalphd.bsky.social · 19/04/2026
Millions of Americans may be forced to own Elon Musk’s SpaceX stock soon after it goes public, due to recent changes in how the Nasdaq includes stocks in its Nasdaq 100 index. Sounds outrageous, doesn’t it? It gets even worse when you dig into the details, though. #SPACEX
marketwise.com
SpaceX IPO Could Force Investors Into an Overvalued Stock - MarketWise
Nasdaq rule changes may push millions of investors into SpaceX after its IPO. Here’s why critics say the stock could be massively overvalued.
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Jim Royal, PhD @jimroyalphd.bsky.social · 13/04/2026
Face-ripping IPO incoming.... #SPACEX
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Jim Royal, PhD @jimroyalphd.bsky.social · 11/04/2026
Here's what Meta's near-$1 billion compensation is really about. $META marketwise.com/investing/me...
marketwise.com
Why Meta’s $1B Executive Pay Plan Isn’t What Investors Think - MarketWise
Meta cuts jobs for a $135B AI pivot. Is its pay package a bullish signal or a retention play? See what this means for META shareholders.
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Jim Royal, PhD @jimroyalphd.bsky.social · 01/04/2026
marketwise.com/investing/sp... #SpaceX
marketwise.com
SpaceX IPO: 3 Investor Flags You Shouldn’t Ignore - MarketWise
SpaceX’s massive IPO could be historic, but key details around valuation, governance, and insider selling raise serious concerns for investors.
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Jim Royal, PhD @jimroyalphd.bsky.social · 30/03/2026
This gem on a SpaceX IPO: "A PitchBook analyst called that valuation justifiable, while noting that it would mean a price-to-sales ratio of about 110 times on a trailing basis." TL;DR: 110 P/S ratio
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Jim Royal, PhD @jimroyalphd.bsky.social · 09/03/2026
''Sir, an AI's writing is like a dog's walking on his hinder legs. It's not done well; but you are surprised to find it done at all.''
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