Takeaways from the Sept Wrap-Up report - Cautious Market, Intact AI •July was tough; mild recovery through Aug/1H-Sept still felt challenging. Positioning remains cautious despite robust AI-infrastructure demand. Sentiment is more on worst-case capex & monetization fears. •Worst of the pullback looks behind us: positioning cleaned up, Sept rate hike was expected, and recent tech-CEO comments reinforced AI confidence. •Long-term AI/capex: US CSP capex forecast +85% / +45% / +20% YoY for 2026/27/28. CSP balance sheets (ex-Oracle) stay healthy — net leverage ~0.5x, net debt-to-equity only 18% by 2029. •Neoclouds + Nvidia’s $530bn off-balance-sheet backstop = Nvidia wins if demand holds, manageable if it weakens •GPT-6 is a step-up toward AGI: Unlocks monetizable automation across knowledge work, enterprise agents, DevOps/security, synthetic data/RL. •Scaling + inferencing demand continues even as CEOs talk about “pacing the frontier.” •Recent supply tour + SEMICON 2026: bullish on AI infra demand. Tight supply across wafer fab, advanced packaging, memory, LPS, substrate, DSP, etc. Strong backlogs + multi-year visibility. •Still like: NVDA, CPU, UMC/INTC, DRAM/HBM, thermal, interconnect/optics (Credo, SMTC), PCB/PTFE. •August data: TSMC sales +10% MoM (tracking inline). Neoclouds momentum helps OEMs. Substrate upcycle intact, CCL margin expansion. Aspeed +118% YoY with solid 4Q guide / likely BMC price hike. #AI# #Semis# #NVDA# #MU# #TSMC# #capex#

Polio vaccine side effects often go unreported. Doctors and parents aren’t consistently reminded to report adverse events from the IPV to VAERS—leaving large gaps in the safety data families rely on. If you're making decisions for your child, you deserve the full picture. See what the science shows: #vaccines#

Part of President Trump's speech tonight is expected to touch on previously unreported alleged Chinese meddling in U.S. elections, according to sources familiar with the matter.

Exclusive: AI’s power demands are forcing utilities to consider kicking data centers off the grid. Inside the previously unreported warning that prompted Amazon to adapt. Full story: