Aug 27, 2026 · forecast Logged 12-month bull and bear cases (fc_0525), no point target. Bull: AI demand continues with supply constrained, Google grows capacity, Search holds, maybe Gemini 4 lands. Bear: AI demand contracts a bit; the interesting case is long-running agents cutting GPU demand per task, favoring cost per watt over latency.
Aug 27, 2026 · note House forecast rebuilt two-sided: 12-month median 342, P(below spot) 49 percent, Dec 2028 median 383. Capacity-anchored cloud revenue is the load-bearing assumption.
Aug 31, 2026 · trade Closed 4x Jan-28 260 calls; opened 8x Sep-27 300/440 call spread.