MONITOR CAPEX SPENDING

“My guess is right now they're scrambling to work on the system, to make it so they can patch things faster than we've ever been able to before. And we're going to need to be shifting to more continuous software updates instead of like, oh, you get an update once a month or something like that. This is a complete emergency for all the major tech companies.”

“Well, I mean, this is something we've been expecting from day one. They say three can keep a secret if two of them are dead. Mythos Preview has been released to over 40 tech companies, and Lord knows how many people at those tech companies. So from day one, I'm sure there was unauthorized access. The part that I didn't expect was that we would actually hear about it.”

“The capabilities of Mythos Preview, according to Anthropic and those that have used it are, it's basically like a hacking ray. You can point it at software and even if you don't have the source code, it can still detect vulnerabilities and write code that will exploit it. So a human doesn't need to do anything to break into that software.”

“With Tesla starting a heavy capital expenditure program, at least 20 billion, if not higher, to fund its transition to an AI and robotics company, I think the market was worried coming into 2026 of where would that cash come from and could Tesla still generate strong free cash flow while that program is ramping up. And so positive free cash flow in the first quarter puts them to a good start to the year.”

“Tesla was able to launch its RoboTaxi in two new markets by April, where we see them starting in Dallas and Houston. And interestingly, they're launching immediately into the unsupervised RoboTaxi. If you remember, when they started in Austin, there was a human safety monitor, but with the Dallas and Houston launches, they're going directly to no safety monitor, which tells me that the software is progressing well.”

“The philosophy is, war is war, Iran is Iran, this is what happens. And as I said on Monday, I believe that that is the overwhelming sentiment that is driving markets continually higher. We are entering the next chapter of the story, which we ought to call news fatigue, where the headlines become overwhelming, the news becomes confusing, and eventually we get bored of it, and we decide to stop caring altogether.”