Downstairs Neighbor Came Up Stairs To Make Me Cum While His Girlfriend Was Still In The Apartment Below Us Without A Clue. He Turned The Music Up Loud So She Wouldn’t Hear Him Destroying Me With All That Dick. I Really Ally Stole Dick From My Neighbor

Maximizing for value accrual to validators/stakers downstream is futile if all the value has moved to a competitor given their smarter L1 design tradeoffs. Gotta win the front office before the back office decisions matter.

My new arXiv paper just dropped and it shows thermodynamics is downstream of logic. If you replace the concept of physical energy with a simple cost of distinguishability, J(x) = cosh(log x) - 1, the Boltzmann-Gibbs distribution emerges exactly. The same law that gives us α ≈ 1/137 and 3D space also gives us statistical mechanics.

Last Thanksgiving, I was upstairs grinding through due diligence. Everyone else was downstairs. Games. Movies. Dinner. No one complained. Every hour or so, someone came up and asked if I needed food or water. Then they went back downstairs. That was most of the last 18 months. Me working. Everyone else putting up with it.

AI Hardware Demand Growth and Representative US-Listed Companies June 2026 Executive Summary Nvidia’s transition to the Vera Rubin (VR200) platform marks a significant escalation in AI infrastructure complexity and cost. Our BOM teardown of the next-generation Rubin rack reveals a ~2x increase in total rack cost to approximately $7.8 million (vs. ~$4 million for GB300), driven not solely by the GPU/CPU but by sharp revaluations across the supply chain. Key highlights from downstream components include: • PCB content value +233% YoY, the largest increase. • MLCC +182%, reflecting higher density and count (e.g., ~600k MLCCs per VR200 NVL72 server, +30%+ vs. GB300). • ABF substrates +82%, power solutions +32%, and liquid cooling +12%. These upgrades align with broader AI scaling: 800G/1.6T optical transceivers ramping aggressively, glass-based technologies advancing for packaging and interconnects, and hyperscalers prioritizing performance, power efficiency, and thermal management. We expect sustained multi-year tailwinds for the AI hardware ecosystem into 2027+, with Rubin-driven demand accelerating in H2 2026. Investment Thesis: While Nvidia (NVDA) remains the core beneficiary, the supply chain offers diversified exposure. We favor companies with direct exposure to high-growth areas like advanced PCBs, high-speed optics, and glass substrates/optical interconnects. Risks include execution on new capacity, potential margin pressure from rapid scaling, and geopolitical supply chain factors. 1. PCB: Sharpest Value Uplift in Rubin BOM Morgan Stanley’s detailed analysis shows PCB content in the Rubin rack surging +233% versus GB300. This reflects needs for higher layer counts, advanced materials, better signal integrity, and larger formats to support increased power and interconnect density in AI servers. US Representative: TTM Technologies (TTMI) – Leading US PCB manufacturer with strong positioning in high-complexity boards for data center/AI applications. TTM has invested in capacity expansions (e.g., new facilities) to capture AI-driven demand for advanced HDI and high-layer PCBs. 2. MLCC: Density-Driven Surge Nvidia’s VR200 NVL72 platform requires ~600,000 MLCCs per server, over 30% more than GB300. Combined with the +182% value increase in the BOM, this underscores tightening supply for high-capacitance, high-reliability MLCCs in power delivery and decoupling for AI accelerators. Exposure Note: The MLCC market is dominated by Asian players (e.g., Murata, Samsung Electro-Mechanics, Yageo). US-listed indirect exposure may come through broader electronics or power solution providers, but direct pure-play opportunities are limited. Watch for capacity utilization tightness benefiting the ecosystem. 3. Optical Communication: 800G/1.6T Ramp Accelerating Chinese leader Zhongji Innolight reported Q1 2026 net profit +262% YoY, driven by strong 800G/1.6T shipments, with expectations of significant full-year growth. This mirrors industry-wide momentum as AI clusters shift toward higher-speed optics for reduced latency and power in scale-out/scale-up networking. Nvidia’s investments in photonics and CPO further validate the trend. US Representatives: • Coherent (COHR) and Lumentum (LITE): Key players in optical components and transceivers; Nvidia has made substantial equity investments to secure capacity. • Corning (GLW): Major beneficiary via optical fiber, connectivity, and glass technologies (detailed below). 4. Micro-LED/Glass Substrates & Optical Interconnects: Strategic Partnerships Accelerating On May 20, 2026, BOE announced a cooperation MOU with Corning covering glass-based encapsulation carriers, foldable glass, perovskite substrates, and optical interconnect applications. This aligns with industry shifts toward glass cores for superior flatness, thermal stability, and integration in advanced packaging and photonics—critical for next-gen AI as organic substrates hit limits. US Representative: Corning (GLW) – Central to Nvidia’s optical strategy with multi-billion partnerships, new US optical factories, and expansion in fiber/photonics for AI data centers. Recent deals position GLW for 10x+ capacity growth in key areas. AI Hardware Demand Growth & US-Listed Representative Companies Table Component Demand Growth (vs. GB300) Key Drivers US-Listed Reps Investment Rationale PCB +233% value Higher layers, HDI, signal integrity TTM Technologies (TTMI) Direct AI server/backplane exposure; US capacity expansion MLCC +182% value; +30%+ count Power density in servers Limited direct (ecosystem via power suppliers) Supply tightness supports pricing/volume Optical Comm (800G/1.6T) Strong ramp (e.g., +262% profit ex.) Scale-out networking, CPO transition Coherent (COHR), Lumentum (LITE), Corning (GLW) Nvidia investments; transceiver/fiber boom Glass Substrates/Interconnects Emerging (MOU-driven) Packaging, photonics, thermal/optical Corning (GLW) Nvidia factory deals; US manufacturing tailwinds Power & Liquid Cooling +32% / +12% Higher TDP (e.g., 2300W GPUs) Indirect (ecosystem) Secondary but critical for rack deployment Source: Morgan Stanley BOM analysis, company reports, industry data. Growth metrics approximate from Rubin teardown. Outlook & Risks We project robust 2026-2027 growth in AI capex, with Rubin shipments catalyzing another leg-up in component demand. Optical and advanced substrate shifts could extend the cycle beyond traditional GPU focus. Hyperscalers’ vertical integration and US onshoring (e.g., Corning/Nvidia factories) add resilience. Key Risks: Cyclical capex pauses, yield/execution challenges on new tech (glass/CPO), commodity volatility in passives, and intense competition in Asia-heavy segments. Valuation multiples in the space have expanded; selectivity is key. Recommendation: Overweight select supply chain names with strong Nvidia alignment (e.g., TTMI for PCBs, COHR/LITE/GLW for optics/glass). Monitor Q2 2026 earnings for confirmation of Rubin ramp momentum.

While showbiz bickers over AI video continuity glitches and educators remain stuck debating AI-generated PPTs, World Models are quietly disrupting non-tech sectors, igniting a radical paradigm shift in clinical medicine and surgical simulation. Why healthcare and not Hollywood? Because Hollywood demands visual perfection, but healthcare mandates absolute physical causality. Traditional medical AI could only act as a static periscope—pinpointing a lesion on an existing scan. Yet disease is inherently dynamic. When a physician prescribes a treatment, they historically lacked a patient-specific, long-term window into the exact downstream changes after the patient ingests the drug. Recent breakthroughs showcased at elite computing summits like ICCV have elevated medical AI from passive visual recognition to a predictive, generative "World Simulator" tailored for prognosis and treatment optimization. In validated clinical applications, this technology leverages potent counterfactual reasoning. Take transarterial chemoembolization (TACE) for liver cancer and advanced radiotherapy as prime examples: before finalizing an intervention, a Medical World Model (MeWM) ingests a patient’s current CT imagery to simulate months of dynamic disease progression within its latent space. It cross-aligns multimodal parameters to synthesize high-fidelity visual representations of post-treatment tumor trajectories. Simultaneously, its inverse dynamics model quantifies how varying embolic agents or drug cocktails shift long-term survival curves. Empirically, this "future-simulation" paradigm has propelled clinical decision success rates (F1-score) by 13%, cementing its role as an indispensable AI co-pilot. Today, multimodal medical models are rapidly embedding into hospital HIS/EMR nervous systems, as specialized prognosis simulators push past theoretical boundaries into raw performance validation. The ultimate utility of a World Model isn't coding text or animating fantasy; it is evolving into a rigorous, low-cost simulation infrastructure—serving as a high-stakes safeguard for human decision-making. 【The Grand Forecast】 The successful clinical deployment of Medical World Models proves their unique capacity to "simulate future outcomes before executing current actions." This technical paradigm—trading pure aesthetic appeal for rigid physical and biological causality—is sprawling beyond tech ecosystems at a breakneck speed. Stripping away healthcare, autonomous driving, and media entertainment, which trial-and-error heavy traditional industry do you predict World Models will infiltrate and disrupt next? Will it be macro-climate disaster modeling in modern agriculture, dynamic supply-chain evolution in urban planning, extreme stress-testing in deep-sea aerospace engineering, or an entirely unmapped frontier? Drop your sharpest thesis and reasoning in the comments below. Let’s chart the hidden industrial landscape of the next generation of World Models!