PERSON DIRECTORY
Andrew Walker
Host of Yet Another Value Podcast. Andrew Walker appears in 145 indexed conversations across Yet Another Value Podcast. This directory brings every appearance, source, TL;DR, digest, and transcript into one searchable feed.
Late August 2026 Random Ramblings
With 10-year Treasuries and ERP around 4.5%, Walker warns that ERP returning to 6% could sharply compress P/E multiples.Higher rates could raise data-center lease requirements 5–10% and reduce 15-year contract terminal values, while tenant bankruptcy, Bitcoin-mining economics, or founder-driven capital allocation at UWMC and Cogent remain risks to monitor.
August 2026 Random Ramblings
Strategy’s $300M stock and $100M Bitcoin sale funded roughly $80M of STRC preferred purchases while it traded above NAV, reviving the case for a capital-structure reset.Situational Awareness’s 10x AI long/short trade blew up after repeated pressing without rebalancing.Former Bitcoin-miner power shells near CoreWeave or Meta contract DCFs may offer upside, subject to credit, capex, power and GPU risks.
May 2026 Random Ramblings
Walker sees a 10% YTD market rise despite war, energy prices, deficits, and rising rates, with more than all gains from the top 20 stocks.Memory at 20x tangible book faces supply responses from Chinese fabs, oligopoly break-up, hyperscalers, or engineering around bottlenecks.He also flags AI eroding qualitative edges and MSTR’s preferred-equity machine if Bitcoin falls from 75,000 to 50,000.
SemiAnalysis's Doug O'Laughlin on all things AI, Power, and Corporate Governance
AI's next phase is shifting Big Tech from cash-generative platforms toward debt-funded infrastructure, with power—not chips—as the binding bottleneck and TPU emerging as a credible number-two accelerator.The opportunity depends on monetizing token demand and agentic commerce, while rising capital intensity, a possible three-year runway to a hangover, and governance signals such as Target Hospitality's PSU award remain key risks to monitor.
SemiAnalysis' Jeremie Eliahou Ontiveros on all things datacenter / power
Andrew WalkerJeremie Eliahou Ontiveros
Modular on-site gas is becoming the fastest route to energizing AI data centers, with 3-40 MW systems and credible hyperscaler projects targeted for 2026-27 while displacing diesel backup demand.SemiAnalysis expects hyperscaler capex to grow 35%-40% in 2026 and 25%-30% in 2027, but CoreWeave and Oracle face 15-year infrastructure obligations against roughly five-year GPU contracts, alongside GPU depreciation risk.
Kerrisdale Capital's Sahm Adrangi on $ACMR's price dislocation between Shanghai and NASDAQ listings
ACMR trades near $23 against roughly $70 DCF, $60-$110 comparables, and approximately $73 per share from its 82% ACM Shanghai stake.Localization drove revenue from $30 million in 2016 toward 2025 guidance of $850-$950 million, while restrictions may accelerate domestic-tool adoption.A Hong Kong listing or sale could narrow the gap, but urgency, inventory, governance, and U.S. ownership restrictions remain risks.
SemiAnalysis' Jeremie Eliahou Ontiveros on the supply/demand dynamics of AI and data centers
Andrew WalkerJeremie Eliahou Ontiveros
AI has broken the data-center growth curve: 2024 NVIDIA hardware added about 5 GW of demand versus roughly 4 GW of global annual IT-capacity growth from 2019 through 2023.That shortage supports infrastructure suppliers and NVIDIA’s networking-led inference moat, but the cycle ultimately depends on traffic, OpenAI and perhaps Claude revenue indicators, and whether users pay $20 or $200 monthly.