VladimirFLoyd/iStock via Getty Images Performance assessment My recent 'Sell' views on Ares Capital ( ARCC ) have worked out well : Performance since HA's Last Article on ARCC (Seeking Alpha, HA's Last Article on ARCC) Elevator pitch I'm becoming less bearish now on ARCC, although I still see challenges: Strong deal flow bodes well for future NII Ares Capital's portfolio is prone to AI disruption ...
VladimirFLoyd/iStock via Getty Images Performance assessment My recent 'Sell' views on Ares Capital ( ARCC ) have worked out well : Performance since HA's Last Article on ARCC (Seeking Alpha, HA's Last Article on ARCC) Elevator pitch I'm becoming less bearish now on ARCC, although I still see challenges: Strong deal flow bodes well for future NII Ares Capital's portfolio is prone to AI disruption via its software exposure ARCC still looks relatively richly valued vs. BDC comps ARCC is at monthly support, but there are no strong buyers yet Strong deal flow bodes well for future NII Fundings and commitments (1 step before funding) have been increasing sharply over the last couple of quarters: Gross fundings (USD mn) (Company Filings, HA Analysis) Gross commitments (USD mn) (Company Filings, HA Analysis) And it is encouraging to see that the dollar value increase in commitments is not concentrated. In fact, it is comprised of a very diversified pool of 114 separate bets: Number of gross commitments (Company Filings, HA Analysis) This higher deal flow is not only due to sector-wide tailwinds, but also Ares Capital's large scale (it is the largest BDC with the top holding weight in the Vaneck BDC Income ETF ( BIZD )) and the resulting breadth and expertise depth that follows from that: While the broader tailwinds of increasing market activity levels helped drive higher originations to new borrowers in the second half of the year, much of this growth also came from the continued expansion of our specialized industry verticals... In 2025, our investment team reviewed nearly $1 trillion of potential investments, representing a 24% increase in the number of opportunities we reviewed relative to the prior year. - CEO Kort Schnabel in the Q4 FY25 earnings call These new investment commitments will eventually add to the investment portfolio from which net investment income [NII] can be generated. Hence, I expect an uptick from the currently stagnant levels of ~$350-370M: Net in...
Intel (NASDAQ: INTC) stock has risen 225.2% over the past year, climbing from less than $18 to a 52-week high of $59.17. If you watched that move from the sidelines, you might be wondering if there’s anything left or did you miss it? Valuation, forward catalysts, and downside risk each present challenges at the current ... Intel Stock Is Up 225% in a Year but Wall Street Still Isn’t Buying It
Intel (NASDAQ: INTC) stock has risen 225.2% over the past year, climbing from less than $18 to a 52-week high of $59.17. If you watched that move from the sidelines, you might be wondering if there’s anything left or did you miss it? Valuation, forward catalysts, and downside risk each present challenges at the current ... Intel Stock Is Up 225% in a Year but Wall Street Still Isn’t Buying It
Vertical Data to Support GPU Cluster Deployment and Arrange Financing Through GPUfinancing.com for AlphaTON's AI Infrastructure Expansion LAS VEGAS, NV / ACCESS Newswire / April 9, 2026 / Vertical Data Inc. (OTCQB:VDTA) ("Vertical Data"), operator ...
Vertical Data to Support GPU Cluster Deployment and Arrange Financing Through GPUfinancing.com for AlphaTON's AI Infrastructure Expansion LAS VEGAS, NV / ACCESS Newswire / April 9, 2026 / Vertical Data Inc. (OTCQB:VDTA) ("Vertical Data"), operator ...
Marc Faber Vs Brent Johnson On What's After Iran War: Utopia Or Crash As the dust begins to settle from the latest escalation in the Iran conflict, markets are left to grapple with a more complicated question: what comes next? Is this the beginning of a reset toward stability, another leg up in markets, and lower inflation -or- are the early stages of a broader economic unraveling tied to supply s...
Marc Faber Vs Brent Johnson On What's After Iran War: Utopia Or Crash As the dust begins to settle from the latest escalation in the Iran conflict, markets are left to grapple with a more complicated question: what comes next? Is this the beginning of a reset toward stability, another leg up in markets, and lower inflation -or- are the early stages of a broader economic unraveling tied to supply shocks, currency stress, and geopolitical fragmentation? Tonight at 7pm ET, longtime market commentator Marc “Dr. Doom” Faber squares off against Brent Johnson, with Adam Taggart of Thoughtful Money moderating. Faber is an OG dollar bear while Johnson is critical of the “US Empire is doomed to fail” crowd. Remember when KSA was going to pivot from the west to the BRICS…? https://t.co/N34E8RiY4S — Santiago Capital (@SantiagoAuFund) March 28, 2026 Nonetheless Johnson has warned, in a recent post on his research blog, that “rationing hits next. And the downstream effects... energy prices, manufacturing inputs, food prices...follow on a timeline that stretches months, not days. ” He says consequences are largely baked in, as most ships take 10 to 45 days to reach their destination and are just leaving now. “What’s actually happening right now is slower, quieter, and more consequential than anything in the financial press.” Faber has consistently bashed paper money, in all its forms, as destined to fall to zero against the price of gold: pic.twitter.com/nbFE21ssKn — ZeroHedge Debates (@zerohedgeDebate) April 8, 2026 Where he and Johnson might agree is that it is unlikely for the Euro or the Japanese Yen to unseat the dollar. But could the Chinese Yuan or a basket currency put forth by BRICS? Especially if backed by gold (or advertised as such), might other countries begin making the switch? Iran has long known the risks of dealing in U.S. dollar-denominated assets that may be frozen unilaterally. However, the country has also now learned the consequences of challenging U.S. (or p...
Amazon.com CEO Andy Jassy dismissed fears of an artificial intelligence bubble and told investors they shouldn’t expect any slowdown in the firm’s AI investments. Amazon has projected capital expenditure of around $200 billion this year, largely on AI data centers. Notably, Jassy says Amazon’s in-house chip business is already on track to generate more than $20 billion in annual revenue.
Amazon.com CEO Andy Jassy dismissed fears of an artificial intelligence bubble and told investors they shouldn’t expect any slowdown in the firm’s AI investments. Amazon has projected capital expenditure of around $200 billion this year, largely on AI data centers. Notably, Jassy says Amazon’s in-house chip business is already on track to generate more than $20 billion in annual revenue.
JHVEPhoto/iStock Editorial via Getty Images Shares of Marvell Technology ( MRVL ) jumped about 5% premarket on Thursday after Barclays upgraded the stock to Overweight from Equal Weight citing growth in optical products. The firm also raised the price target on the stock to $150 from $105. Analysts led by Tom O'Malley said that Marvell is first and foremost an optical company, and with ports growi...
JHVEPhoto/iStock Editorial via Getty Images Shares of Marvell Technology ( MRVL ) jumped about 5% premarket on Thursday after Barclays upgraded the stock to Overweight from Equal Weight citing growth in optical products. The firm also raised the price target on the stock to $150 from $105. Analysts led by Tom O'Malley said that Marvell is first and foremost an optical company, and with ports growing rapidly, the market growth carries the name alone. Industry checks suggest optical ports should double in 2026 and double again in 2027, the analysts added. "Our math implies that Optical could grow ~90% for MRVL this year and next, even with some share shift to AVGO. We lay out a scenario below that shows that even when eliminating MSFT entirely, no unit growth at AMZN, and discounting XPU attach we still get to ~$5 of earnings. We don't agree with those assumptions and in fact are more confident in MSFT ramping after the NVDA NVLink Fusion announcement , said O'Malley and his team. The analysts noted that Marvell's story will come down to executing on a well-understood and bullish forecast and think that the narrative is shifting more towards optics. More on Marvell Nvidia Invests In Marvell, And So Should You Marvell: Nvidia Deal Supercharges An Undervalued AI Leader Marvell's Growth Story Just Changed Arista Networks added as a new short at Hedgeye, and Marvell is a new long idea Insider trades: Marvell Technology, Taiwan Semiconductor among notable names
U.S. stocks ended sharply higher on Wednesday, with investors' sentiment getting a boost as President Donald Trump halted attacks on Iran, following the announcement of a two-week ceasefire that also signaled the reopening of the Strait of Hormuz.
U.S. stocks ended sharply higher on Wednesday, with investors' sentiment getting a boost as President Donald Trump halted attacks on Iran, following the announcement of a two-week ceasefire that also signaled the reopening of the Strait of Hormuz.