The feed

Atomic signals from the coverage record — lens takes, coverage-vs-price charts, the numbers that moved. Every card opens a real page.

◆ lens The Helmer lens on Oracle averse Oracle has signed large AI capacity deals, but its rising build costs and latest financing talks leave the barrier protecting those deals unproven. ◆ lens The Dalio lens on MiniMax Group cautious MiniMax's revenue is rising, but its proposed convertible debt leaves Dalio's repayment test unanswered until issuance and cash-flow terms are clear. ▮ signal MiniMax Group: coverage against price Sharpest recent signal: peak 11 in 2026Q1. chart → # number 84.4% round trip: MiniMax's slide from its March 2026 peak from the roughly HK$1,330 March peak to the HK$207.2 October 8 close → ◆ lens The Graham lens on CoreWeave averse CoreWeave’s larger backlog strengthens its prospects, but the record still cannot show a Graham-style margin of safety at the current price. ▸ moved What moved: The Chokepoint Rotation 2026-01-28ASML reports Q4 bookings of €13.2B, against a €6.32B estimate. Orders show demand for tools, not acceptance of a later price proposal. → ▸ moved What moved: The Chokepoint Rotation 2026-07-15ASML gives FY2026 sales guidance of €43B–€45B. The earlier guidance figure is not supplied here, so this range cannot quantify the change. → ▸ moved What moved: The Chokepoint Rotation 2026-07-16The Information dates the ASML–TSMC equipment-pricing talks and TSMC's resistance. → ▸ moved What moved: The Chokepoint Rotation 2026-08-19Reuters reports the Samsung new-order foundry increase that took effect in July. → ▸ moved What moved: The Chokepoint Rotation 2026-08-24Bloomberg reports Nvidia's customer notice for early 2027 system prices, not a current invoice. → ▸ moved What moved: The Chokepoint Rotation 2026-08-28The Wall Street Journal reports Nvidia's Q2 supplier commitments at $279B, against $119B in Q1. Commitments are not realized supplier prices. → ▸ moved What moved: The AI Capex Supercycle 2026-07-18Pillar launch. TEXXR counts 534 AI data-center capex articles for 2026 Q2, compared with 85 in 2024 Q1. →