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Tomasz Tunguz reports that median short interest across AI-adjacent stocks rose by 24 percent last quarter.
According to Tunguz, this increase in short interest is concentrated within certain areas of the market.
Tunguz previously cited accelerating revenue growth at Twilio, noting the company's increase from 12% to 20% was driven by voice AI transforming its business model. In a separate update, he observed that vendors are experiencing record capital expenditures as companies adjust spending and cost-cutting patterns in response to tighter cash conditions.