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Cerebras: Left on the Bench2026-09-30 · Adding to the Cerebras short at $191.75: OpenAI reportedly runs its new Sol Ultrafast tier on Nvidia GPUs, Q3 guidance implies core operating losses up ~50%, and Jalapeño plus Groq LPX erode the speed premium. Weighted value $111.Apple (AAPL): The Hundred-Year Flood Meets a 35x Multiple2026-09-27 · Short Apple through the xyz:AAPL perpetual at 35.7x consensus FY2027 EPS: memory costs are pulling gross margin lower and the December-quarter guide is the test. Probability-weighted target $304.84 by 5 February 2027.Oracle: the cheapest way to own AI compute2026-09-27 · Long ORCLon spot on Felix at 139.16: Oracle trades at 8.8x fiscal 2029 consensus EPS because credit fears price the capex, not the $664B backlog. Probability-weighted target $231.75 by September 2028.SK Hynix: The road from Recontracting to Repricing2026-09-27 · Long SK hynix through the xyz:SKHX perpetual at 4.30x Bloomberg forward earnings: five-year, deposit-backed memory contracts deserve more than a commodity multiple. Base case KRW3.119m (+67.5%) by September 2027.Long Kioxia, Short the Nikkei: AI Storage at Four Times Forward Earnings2026-09-16 · Proposed core long Kioxia / short Nikkei: four times forward earnings, rapid growth and the shift toward long-term NAND supply contracts.Chinese Memory: a Sovereign AI Long Thesis on CXMT2026-09-04 · Entered long CXMT at $8.3403 into its first results briefing, HBM3E estimate revisions and China's sovereign-AI policy cycle.Shorting Cerebras on OpenAI Jalapeño Chip Narrative Acceleration and Liquidity Draw of Anthropic IPO2026-09-04 · Entered short CBRS at $209.225 into OpenAI's competing inference silicon, analyst estimate cuts and the Anthropic IPO liquidity draw.Corbanu is live2026-08-25 · What this site is, what the newsletter covers, and how to read the market pages.