OpenAI closed a new funding round, raising $6.6B from Microsoft, Softbank and Nvidia. This was based on a post capital raise valuation of $157B. The company is expected to generate $3.6 billion in revenue this year, despite losses exceeding $5 billion, while next year’s revenue is projected to soar to $11.6 billion.

Invest in arms suppliers! My late great uncle John was a partner in a Bradford wool mill, bought in the 1930's.....did very well selling karki and airforce blue cloth to the gubberment 1939/1945!

Debt covenants are the restrictions placed on borrowers. You would find them in residential mortgages too, such as the borrower won't demolish the house without consent and you must insure the property, etc. In this case the lender has given them a waiver because they would have been in breach of that term. SMCI is a tier 1 partner of Nvidia and we believe has priority allocation of 25% of Blackwell chips. And on that(supply), total Hopper supply in 2023 was circa 550k chips and estimated 1.8-2m for all of 2024. Recent reports (today) show an estimated 2025 supply of 3M Hopper +4M Blackwell. No one expected Hopper, 'the old' architecture to continue to increase through 2025. By the time these chips are assembled in servers they are $40k per unit. The math is interesting!

Thanks Adam, thought I was still mixing it up. Yes quai investments. Do they have an easy to use app (on top of the website dashboard)?

@dingg said in Micron report and general tech news: Thanks Adam Wondered why klac was looking a bit perky on the premarket. As are some others, could be a bit of a good day if it carries through to the close Ah well, another kick in the balls, smci potential dodgy dealings pulling the rug on semis, this time next year Rodney

Thanks. I upvoted your reply. I hope that's the same as a thumbs up .

@Nik-Burrows Thanks, I've sent you an e-mail with an additional (easy to answer) question about my DB pension application.

@Nik-Burrows Thanks Nik. Son 2 needs one soon so will look and see what exists

Which is what I said over on PH. Discussed with Nik and it was something outside of IM control. Processes of the Custodians I think, maybe it can be fixed now

@dingg said in Fed rate cut 50bps: Yes, today will be stellar, show on tomorrow's read out Friday is opex, going to be volatile, closing just positive (he says optimistically) You are of a more optimistic mindset than me! Or (much more likely) you simply have different portfolio allocations. For me, Thursday (i.e results shown on Friday) was decent but not huge. And Friday (results shown on Saturday) was slightly down. Hoping for big things on Monday (Tuesday's results), but then I hope for that every day!

Noted. We will put it together

Much better now thanks

Hi All. Aggregating threads/data from third-party sources is not really within the scope of this forum. However you can accomplish this quite easily yourself with an RSS reader. Feedly is probably the easiest and most popular option, free to use up to 100 feeds. However, there are plenty of other free and paid options. Most forums, including this one; have multiple RSS feeds you can subscribe to (look for the [image: 1726570922525-screenshot-2024-09-17-120153.png] icon). If you want to further customise your experience you can do so from your user profile.

Thanks Nik

@pete_esp Hi Pete Drop me a message and we can set a call up. Let me know when you're in the Valley and we can get a couple of laps in. Cheers Nik

Do not fancy having a robot operating on me, might cut off the wrong bits!

@nilamac said in Is there plans to improve the forum structure?: @Renmure-Jim I hope this never happens. Or that the moderators block/remove them ... Can’t believe you can have a serious forum about pensionzzzzzz and investmentzzzzz and savingzzzzz without a few cats thrown into the mix for a bit of balance. Hey ho.

FWIW, it seems to me that in the world of investing then taking our hands off the wheel is often the route to the best results. On that basis then a slight hiatus is perhaps no bad thing, presuming that we all remain invested in the things that we thought worthwhile in the first place.

Hi Slow Horses Great user name, love the series. There is no charge for guidance and this is usually a great starting point as it will help you decide if you are better served by using the guidance model or if you do need advice. The fees for any advice will vary dependent on what the advice needs to cover. If advice is the route that you decide to explore we will allows let you know what the fees are before any work is done so you can decide if the fee is worth the service you need. Nik