Doug O'Laughlin

1 week ago | fabricatedknowledge.com | Doug O'Laughlin

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1 week ago | fabricatedknowledge.com | Doug O'Laughlin

This week’s will have a bit of macroeconomics and semiconductors. If you haven’t heard, Trump is pausing additional reciprocal tariffs on anyone not named China. Here’s the potential impact of the new higher China tariffs, sourced from Bloomberg. Additionally, China is pursuing an origin of semiconductor tariff, which is sending Texas Instruments down today. As you may have heard, there’s a loophole for servers, specifically GPUs and others. SemiAnalysis did a great job on it here.

3 weeks ago | fabricatedknowledge.com | Doug O'Laughlin

It’s been a while since I’ve had some rapid-fire takes. Reminder: Be gentle with me. I’m recovering from surgery and a bit off my game. I know this is turning into a macroeconomic newsletter these days (jokes!), but I do want to talk about some big moves in the space. First, let’s talk about Coreweave. As a friendly reminder, it was on Core Research on SemiAnalysis before it was here. CoreWeave is… contentious. I have not heard more pessimism in a new offering in a long time.

1 month ago | fabricatedknowledge.com | Doug O'Laughlin

First - before you read anything, you should read the GTC writeup by SemiAnalysis. I am very proud of the quick and professional work, and I heavily helped the writing there first. That is my technical overview of the event. I will not repeat SemiAnalysis's (and my) work there. I believe it’s pretty much as good as it gets. There is only literally one thing I want to add as an observation. GPUs are like CPUs of old. They are improving quickly and support a broad range of accelerated workloads.

1 month ago | fabricatedknowledge.com | Doug O'Laughlin

After last week’s note, you can tell I’m decidedly more bearish on the economy and in general. It’s not just me. Remember that uncertainty is a synonym for volatility in the economy. And as we’ve seen bearishness, we’ve witnessed increasing volatility. I expect this to continue. Moreover, I must make a pretty simple observation about cycles, especially the AI-driven ones.