Latest / Rigatoni Capital Podcast
The AI Bubble Is in the Model Layer, Not the Infrastructure
I get into Kimi K3 from Moonshot, another so called DeepSeek moment, and why I think open weights are good for the hyperscalers and AI infrastructure. I explain that the selloff in semiconductors started before Kimi K3, tied to margin calls in South Korea and AI infrastructure taking a breather, and I use Lam Research and Caterpillar as picks and shovels names that trade in sync at around the same market cap. I break down my Friday post on why Travelers stock is ripping, which I tie mostly to a lack of large storms in North America and higher yields as old low yielding bonds roll off, not AI…
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