作者反思Reddit（RDDT）重回200美元以上，强调其强劲的基本面（营收、利润率、净利润、增长），并将之前的下跌归因于相对于超大规模资本支出的机会成本。他们还讨论了美光（MU）
作者反思Reddit（RDDT）重回200美元以上，强调其强劲的基本面（营收、利润率、净利润、增长），并将之前的下跌归因于相对于超大规模资本支出的机会成本。他们还讨论了美光（MU）和Lumentum（LITE）的看涨前景，认为其供应瓶颈将持续到2029年，并否定了有关内存优化和中国厂商的噪音。此外，他们提到了Robinhood（HOOD）和Hims & Hers（HIMS）的复苏，但没有详细分析。
“Was a sad few months for $RDDT. But glad it's finally back above $200. Reddit was doing: - $663M revenue w/ 91.5% gross margins - $204M GAAP net income - 45%+ fwd Y/Y growth after 69%+ growth. - Net profit is ~30.7% of revenue Felt very weird to see a profitable company get dragged down after earnings. But in hindsight, given the increase hyperscaler capex, the drop felt more like it's more relative opportunity cost more than fundamentals? Since a lot of inflow poured into $MU / Sk Hynix that are bottlenecked into 2029. Or with laser bottlenecks like $LITE that last into 2029 as well. Same thing happens in reverse after selloffs ig, even if fundamentals didn't change. Been seeing a lot of noise with memory optimization or Chinese players... but don't quite think you sign 16T+ LTAs if memory was getting flooded or not used anytime soon. Same with optical players... if in earnings, they state anything they make gets bought, I don't quite think a lot of the noise has material effect on their fundamentals. Regardless, nice to see some recovery with familiar faces like $HOOD, $HIMS, and $RDDT though.”原帖：X / @aleabitoreddit ↗