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TMTB Morning Wrap

TMTB Morning Wrap

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TMT Breakout
Jun 10, 2025
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TMTB Morning Wrap
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Good morning - QQQs +17bps, BTC +60bps getting close at attempting new highs again. Yields falling 2-3bps ahead of CPI tomorrow.

AI vibes continue to hover near highs not seen since the middle of last summer. Today, we get a BBG article saying Zuck is building an AI superintelligence team. I liked this quote in particular at the end of the article:

In the last two months, he’s gone into “founder mode,” according to people familiar with his work, who described an increasingly hands-on management style.

He told potential recruits that Meta has enough cash flow to fund a multi-gigawatt data center, which would give the company one of the most powerful server bases in the world, according to people familiar with his pitch.

Every 1GW of Power = $50B for NVDA. Not bad.

Let’s get to it…

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