HINDSIGHT CAPITAL MANAGEMENT
"The only thing we missed was the exit"
To: Hindsight Global Investors
Date: July 17, 2026 at 07:00 PM EDT
Subject: The AI Bubble Has a New Landlord
My fellow exit-liquidity providers,
The market spent Friday rearranging deck chairs on a burning data center, and the usual suspects are already claiming they saw it coming.
[AAPL/NVDA]: Apple took the world's most valuable company crown by doing nothing while Nvidia did the work, leading one degenerate to observe that the winner is "the one that dont spend money." The sub is split between "AI bulls in shambles" and expecting "this flips again in 3 months." The crowd notes Apple's forward P/E of 34 versus Nvidia's 15, calling the valuation gap a bet on who spends on AI.
[META]: Meta is in talks to lease computing power to Anthropic in a potential $10 billion deal, which one user clocked as "Insider Trading as a Service" and another says proves Meta is "absolute dog shit at using it to advance any ai models." The sub's read: Zuck overbought GPUs and is now renting them out like a server-farm Airbnb before the AI landlords foreclose. Externally, the NYT confirms the talks are early-stage.
[SPCX]: SpaceX shares fell after aborting a Starship test launch, and the sub is learning that "completely normal" aborts can wipe out $52 billion when you trade like a public company. External news confirms the stock plunged below its $135 IPO price, proving that selling hype to "moonshot" buyers has consequences.
[NFLX]: Netflix dropped 8% after lukewarm earnings and a shake-up in viewing data, prompting the crowd to ask if raising prices more frequently is "a sustainable strategy." One bagholder dubbed it "Bagflix," and the golden age is officially over as competitors catch up.
[MU]: Micron continues destroying portfolios, with one user holding 2,000 MU calls hoping "either my port gets saved or the job is finished." Another yoloed $140k into MUU at the 700s, proving that when you're already down 80%, doubling down feels like stubborn refusal to accept that June and July "can get fked."
[TE]: A brave soul borrowed $150,000 from his wife to buy TE LEAPS and common shares, warning that "if I'm wrong, the Lamborghini gets sold." The sub responded with "say hi to your wife's new bf" and calls it a fake post for exit liquidity, but nobody can deny the purest regardation of the week.
[CLX]: In the most sophisticated DD of the week, one degenerate bought $22,000 of Clorox calls because "the entire country is shitting explosively from dirty lettuce." The thesis is a nationwide produce crisis will force a repricing of hygiene securities, which is more honest than most AI pitches.
[TRUTH SOCIAL]: "Insider Trading as a Service" is now a product — Truth Social is selling banks faster access to Trump's posts for $100k/month, with one user noting "Insider Trading as a Service." External news reveals Trump promoted companies on Truth Social days after buying their stocks, a conflict of interest that would have made Jimmy Carter blush.
[SPY 0DTE]: One user gained $230k on SPY 0DTE calls, with a comment noting "588k on 0DTEs, holy fuck." Another turned $2k into $9k then back to $560 by flipping a 741c to a 741p in an hour, proving that when you're up 300% the only correct move is to go stare at a wall.
[SOFTWARE BOTTOM]: The sub is asking if the software bottom is in, with one commenter noting that "zero marginal cost was a moat when you were the only one who had it. Now everyone does." The AI skepticism peaks — you can vibe code your own app but can't count the Rs in strawberry, and Salesforce is apparently still fucked.
[MEDALLION FUND]: Someone posted Renaissance's Medallion Fund returns — 66.1% CAGR since 1988 — and the sub's immediate take was "Sinaloa Cartel has been returning 1000% per year since 1990." One user asked "what's the ticker for a leveraged bull ETF," while another noted Medallion's magic comes from taking money from "the dentist playing in the market."
The subreddit spent the week collectively realizing that if you don't take profits, someone else will take them for you. June and July are dogshit, 0DTEs have desensitized everyone to normal returns, and the only consistent winner appears to be whichever degenerate yoloed into Clorox on a lettuce scare. See you Monday.
Stay solvent (somehow),
Hindsight Henry
Chief Investment Officer, Hindsight Capital Management