可乐谈AI

The next few months are your one-in-a-lifetime opportunity. You must decline all banquets, give up all entertainment, lock yourself in your house, don’t go on dates, don’t take vacations, and be 100% focused on BSC—seize this once-in-a-lifetime chance.

Brothers, come back fast.

Microsoft: AI begins to pay off
Microsoft’s revenue this quarter reached $90 billion, up 18% year over year; net profit was $35.8 billion, up 31% year over year. Azure revenue grew 43% year over year, exceeding market expectations. After the earnings report was released, Microsoft’s stock price jumped 6.6%.
From an investor’s perspective, Microsoft’s biggest highlight isn’t profit growth—it’s Azure re-accelerating. Although the company continues to ramp up AI infrastructure spending, cloud services, Copilot, and enterprise orders are already starting to contribute revenue.
Simply put, the money Microsoft is spending is turning into performance. As long as Azure sustains high growth, the market is willing to keep accepting its heavy capital expenditures.

Meta: Growth is solid, but cash flow is under pressure
Meta’s revenue this quarter was $60.8 billion, up 28% year over year; net profit was $15.8 billion, down 14% year over year. Capital expenditures reached $31.1 billion, and free cash flow fell to just $784 million, down 91% year over year. After the earnings report, Meta’s stock price dropped 6.7%.
Meta’s advertising business remains strong, with both ad impressions and average prices continuing to grow. The issue is that spending on AI, servers, and data centers is growing even faster, nearly consuming all of this quarter’s free cash flow.
For investors, Meta isn’t seeing a problem with the core business—it’s that the return on AI investment isn’t yet clearly visible. Until new revenue streams emerge, capital expenditures and cash flow will continue to weigh on valuation.
#微软 #meta

Day N of learning how to invest in US stocks—today I suddenly had a point to ponder.

Whenever something new is born, most people’s first instinct is to research it, try it, and think about how to get involved.

But many investors in the capital markets are really looking at something else—who is selling shovels for this wave.

AI is the most typical example.

From the sudden emergence of ChatGPT to AI truly entering a phase of full-scale explosion, it took several years of industry building in between. Many people debate which model is the strongest and which application is the most useful. But the ones who actually made the first big wave of money aren’t just AI companies themselves—the entire industry chain did too.

Here’s a very real case.

At the end of 2022, when ChatGPT was first released, almost everyone’s attention was on OpenAI. People were discussing how AI can write articles, generate images, and produce code.

But soon, the capital market realized that every time AI generates content, it requires a massive amount of GPU computing power behind the scenes.

So the market began疯狂（frantically） positioning itself for NVIDIA. And as demand for GPUs exploded, it further fueled the whole downstream industrial chain—HBM high-bandwidth memory, optical modules, servers, liquid cooling and heat dissipation, data centers, electricity, and more.

The end result is something everyone knows:

Many people didn’t invest in OpenAI (and ordinary investors couldn’t at the time). Yet by investing in NVIDIA and AI infrastructure-related companies, they still got to capture one of the biggest benefits from this AI bull market wave.

That’s also one of my biggest recent insights.

Investing and using are actually two completely different ways of thinking.

Most people see: “Is this product good to use?”

Investors think: “If this product really changes the world, who will keep making money? Who is an irreplaceable piece in the entire ecosystem?”

So in the future, whenever a new epochal opportunity appears, I may not be the first to figure out how to play it. Instead, I’ll first map out the industry chain behind it.

Very often, the biggest opportunities aren’t under the spotlight—they’re in the supply chains the spotlight never reaches.

That’s why there’s a saying that has always been classic:

In the gold-rush era, the person who makes the most money isn’t necessarily the gold miner—it’s the one selling shovels.

Maybe this is the investing mindset that’s truly worth learning for the long term.

$SCRT

Secret Network proposes to mint approximately 1.448 billion additional SCRT for ecosystem incentives and hacker compensation

Recently I came across an RWA project called Re, and I found it kind of interesting.

In today’s market, among RWA projects, eight out of ten are doing U.S. Treasuries, credit, or real estate—so competitive it’s almost suffocating. Re took a rather niche route: reinsurance.

Reinsurance is simple, too. Insurance companies sell insurance to individuals and businesses. Reinsurance companies then insure insurance companies. For example, if one insurer underwrites a large volume of auto, home, and commercial property insurance, and an extreme weather event or a major accident happens, it may face an enormous wave of claims in the short term. What if it can’t handle it? The insurer can set aside part of the premium and transfer the risk to a reinsurance provider.

What Re does is to bring on-chain stablecoin capital into this market.

You deposit stablecoins—the money serves as underwriting capital for reinsurance. The insurance company pays premiums; after paying claims and covering various costs, the remaining profits go back to on-chain users. So the source of its yield is straightforward: real-world insurance premiums—not token subsidies, and not some gimmick like one leg stepping on the other in DeFi.

The potential annualized range provided by the official site is roughly 8% to 16%. The higher the yield, the more risk you naturally have to bear.

There are currently two products. reUSD is the senior tranche. When losses occur, it takes a back seat, so its risk is lower and so is its yield. reUSDe is more like a mezzanine tranche—profits are higher, but when things go wrong, it gets cut first. Structurally, this is essentially the same as structured products in traditional finance; it’s just that the capital entry and settlement have been moved onto the blockchain.

Re’s official disclosed data: it has established business relationships with more than 40 insurance partners, with cumulative underwriting premiums of about $500 million, covering over 700,000 U.S. policyholders, and the protocol TVL is also approaching $500 million. $RE

Trading volume on the first day surpassed one trillion, setting a historical record on the A-share market
ChangXin is awesome
This is the storage industry chain—everyone can also take a look at related targets
#长鑫存储科创板ipo募资579亿元

I'm back again, brothers. The recent market is becoming increasingly incomprehensible, with various angles flying around. Each car head CTO has a coin, and today another one was sold off. At first, I thought the concept of 'non-action' was good, and it was also based on a tweet from a big influencer. When it was about to double, I originally planned to get my capital back, but since I had already sold a Facebook stock tonight, I didn't intend to hold it long-term, especially at this late hour. I didn't expect it to rise almost thirty times.

The incomprehensible chaos is flying around, while the understandable high positions are being trapped.

From the few tokens launched in the morning, it can be seen that cultivating immortality has developed into a narrative.

With the keywords 'cultivating immortality' from the first sister's article, along with perfectly matched illustrations, it led to the tokens that were successfully launched, such as He Xiangu, and then the first sister mentioned the sect in her reply.

The Binance sect was successfully initiated, and next come some basics that we often see in our cultivating immortality novels, where there is a sect leader, Binance sect - Sect Leader Zhao, the money needed for cultivating immortality - spirit stones, and it requires spiritual energy to cultivate, which was also launched.

Finally, there is a general concept, the Binance Cultivating Immortality Chronicle.

Next, I think it's about friends. The first sister also mentioned looking for like-minded partners in her reply. However, at this moment, I posted the article at 800k and felt there wasn't much profit, waiting for the next opportunity.

My damn paper hands, I saw the article from the sister as soon as it was published and started looking for relevant information. Because I have been scanning the chain exclusively on Binance, I saw that the fairy tale and the accompanying images were correct, so I bought in immediately. Then a line shot up sharply, and then it crashed hard. I switched to the Fourmeme launch pad to take a look, and there was the same 2m. I felt that the exclusive on Binance was hopeless, so I sold out, just as it was approaching my cost position, and turned around to buy Fourmeme. Then, the exclusive took off.
Summary: All plates, Binance exclusive is the best.
Although I have paper hands, I definitely won't settle for this little bit.

What Sun Ge said should be taken in reverse, the coins bought by Sun Ge should be sold directly