Tech Investing and Growth Strategy by Gavin Baker
Investors are compared to gamblers for reacting to short-term data, Tan says
Tan said that the market misinterpreted OpenAI's revenue figures and described the company's underlying business as strong. Tan also stated that investors who sell based on a single short-term ...
Gavin Baker: High frequency trading and cyber wars expected in 2027 with $200 billion deals
Gavin Baker, CIO at Atreides Management, discusses the evolving landscape of high frequency trading and cyber warfare, which he believes will intensify in 2027 through advanced SRAM chips like ...
Tracking cash burned to $1 billion raises questions, Gavin Baker notes
Gavin Baker, CIO at Atreides Management, points to compelling data presented by Cognition and Scott Wu, with a chart from Absoluttig. He suggests it would be insightful to see cash burned to reach ...
Gavin Baker: Vercel reaches over $500 million run-rate revenue with strong annual growth
Gavin Baker, CIO at Atreides Management, highlighted that Vercel now has over $500 million in run-rate revenue and is experiencing more than 130 percent annual growth. Baker also noted that the ...
Anthropic revised ARR count after excluding Meta and China, Gavin Baker notes
Gavin Baker, CIO at Atreides Management, shares speculation about Anthropic's recent accounting changes in a pre-IPO context. He notes that Anthropic has shifted from gross to net annual ...
Gavin Baker: Internal AI spend to increase 100-fold by August 2026
Gavin Baker, CIO at Atreides Management, predicts that internal AI spending at the firm will be roughly 100 times higher in August 2026 compared to March 2026, with costs nearly doubling each ...
Ken Griffin reduces SALP portfolio by 80 percent, Gavin Baker reveals
Gavin Baker, CIO at Atreides Management, highlights a notable disclosure by Ken Griffin, shared via CNBC—that 80 percent of the SALP portfolio has been shed. Baker estimates this portfolio was ...
Gavin Baker: Anthropic losing share to OpenAI, Grok, and open source amid rapid growth
Gavin Baker, CIO at Atreides Management, shared his assessment that Anthropic is losing market share to OpenAI, open source projects, and Grok, despite continuing to see rapid growth. He added ...
$3 trillion valuation for Anthropic referenced in FT, Gavin Baker notes
Gavin Baker, CIO at Atreides Management, points to a Financial Times mention valuing Anthropic at $3 trillion. He remarks that public markets often have difficulty accurately valuing companies ...
Gavin Baker: Blackstone increases AI financing focus at Austin summit
Gavin Baker, cio at Atreides Management, looks forward to an interview between Antonio Gracias and Jon Gray, president and chief operating officer of Blackstone, at an upcoming event in Austin, ...
Memory agreements likely durable and Nvidia could gain cloud revenue, Gavin Baker suggests
Gavin Baker, CIO at Atreides Management, suggests that game theory supports the durability of memory long-term agreements, indicating these contracts could have staying power. He also notes the ...
Gavin Baker: Market is overreacting to hyperscale credit spreads widening
Gavin Baker, CIO at Atreides Management, argues that the market is overreacting to the recent widening of hyperscale credit spreads. Baker points out that spot pricing for renting GPU compute is ...
Nvidia could generate $630 billion in quarterly revenue from 1000 Vera Rubin racks per day, Gavin Baker notes
Gavin Baker, CIO at Atreides Management, commented on a report from The Information stating that Nvidia could manufacture 1000 Vera Rubin racks per day for a potential $630 billion in revenue per ...
Gavin Baker: Comparing SemiAnalysis subscriber influence in South Korea with KIS impact
Gavin Baker, CIO at Atreides Management, raised questions about the number of SemiAnalysis subscribers in South Korea and their level of respect compared to KIS. Baker highlighted that a sales ...
Social media investors lack direct access to company leaders, Gavin Baker notes
Gavin Baker, CIO at Atreides Management, observes that retail investors, Substack writers, Reddit users and accounts on X are becoming increasingly influential in the stock market. However, ...
Gavin Baker: Token throughput and smarter models can expand revenue per gigawatt
Gavin Baker, CIO at Atreides Management, discusses how increases in token throughput per watt that outpace declines in token price can lead to net expansion in revenue per gigawatt. He adds that ...
TSM management shows discipline in capacity cycles, Gavin Baker notes
Gavin Baker, CIO at Atreides Management, expresses strong support for TSM management and describes their approach as tough, flinty, and disciplined rather than stubborn. He believes the ...
Gavin Baker: Financing rates for GPUs and ASICs affect demand over time
Gavin Baker, CIO at Atreides Management, notes that the interest rates at which GPUs and ASICs can be financed, depending on their expected useful life, will have real implications for demand. He ...
