Stone Fox Capital

$UBER CEO - "Capital gains taxed at a lower rate than regular income makes no sense to me."

We will not accept the AI future big tech is racing to impose on us. We will not. This election is just the start. In 2027 we ban super intelligence, before is it created.

Republicans forgot how to win elections. It took arrogance to shrink the coalition while running unlikable candidates with bad personal character, writes @JohnCornyn on.wsj.com/4iY6xKg

$QCOM: "We expect Data Center revenues in Q1FY27 to be $650M+, increase each quarter throughout the year, and exit FY27 with a $7B annualized run-rate."

Wealth tax is a colossal waste of time. 🔹Tax all capital gains at ordinary income rates (treat capital owners and wage earners the same) 🔹Remove the step-up in basis on death 🔹Recognize capital gains on donation of appreciated capital assets 🔹Eliminate carried interest loophole

Intel $INTC CEO Lip-Bu Tan bought 150,000 shares on Nov. 2 at about $64.73 each, roughly $9.7 million, an SEC filing shows

Data center bans were not Dems’ ticket to winning Gov races. - Dems won every competitive race called so far, regardless of stance. Ford, Sand, and Hobbs weren’t pro-ban - What Dem flips had in common: ratepayer protections (5 of 5), energy/water limits (5 of 5), ending tax breaks (4 of 5) - Both nominees backed a ban in 5 states (MI, NH, OH, OR, TX). Dems won 4 of 5, so the ban didn’t decide those races - Banning didn’t work for Rs either: GOP noms who backed a ban went 1 for 7.

Datadog ($DDOG) expects growth to slow from 35% to 25%, because of one customer. Per today's earnings, Q4 sales should be $1.19B to $1.20B, flat with Q3. Every past Q4 forecast had called for growth over Q3. Its largest customer, widely reported to be OpenAI, cut usage in Q3. The forecast assumes that customer pays only its contract minimum. Without that customer, Datadog says growth would be in the low to mid-30s.

Sooooo ... Does this election impact data center developments in NJ? Nope. Virginia? Nope West Virginia? Nope. Pennsylvania? Nope. Georgia? Nope - the big OpenAI one was approved in August. Texas? Guess what happens next month, folks? Oh, the current data center moratorium EXPIRES. New York? Guess what happens in July 2027? Oh, the current moratorium on data centers expires. Florida - Edgewater voted against data center development .. of which there isn't any happening anyway. Kansas? El Dorado voted to ban massive projects but guess how many massive projects are going on there? NONE Emporia? Also voted against data centers ... of which none are being built (one was abandoned already). Ottawa KS? Oh they banned "utility-intensive" data centers. Guess how many are being built in Ottawa? NONE Maine? Berwick banned large projects of which there are NONE. Peru, Wiscasset and Wells implemented 180 day moratoriums on projects that also don't exist. Missouri? The towns of Chouteau, Granite City voted against data centers ... guess how many are being built/proposed there? ZERO Illinois? The towns of Nameoki and Venice did the same thing. As for projects impacted? ZIPPO Colorado? Boulder voted against data centers. Take a guess how many applications for data centers are in process there? Did you guess ZERO? North Dakota? Uh, the people of Mandan actually voted in FAVOR of a data center and natural gas generation campus is in the planning stages by Stark Power. Ohio appears to be the only state where meaningful projects may be impacted. Maybe. People litterally voted against ghosts yesterday.

The #1 *economic* priority for the new Congress should be: (and I didn't use 'affordability' as an option as all of these roll into that ... and I recognize Iran isn't pure 'economic' but goes to macro energy policy)

SpaceX has selected Qualcomm #Dragonwing Cellular Infrastructure solutions to support @Starlink Mobile’s nationwide terrestrial 5G network in the U.S.

If Talarico wins I think $ORCL is in trouble. Not even counting all the SPV and off-balance sheet financing they did (w/ OpenAI) alone puts Oracle in default risk at some point. Yes, default risk. Oracle. You’re reading this correct. I expect massive ATM offerings to come in the near future to carry the burden. Talarico ran on pausing construction and wiping the state sales tax credit on data center construction. Something to consider. I’m not American but just an observation because I have seen many people on this app say “Oracle is so cheap” without actually factoring in balance sheet risk and now … Stargate delays. Correct me if I’m wrong on this American friends.

$AMD missed estimate on the client side similar to $INTC