For the deep dive on our SpaceX Is Building the World’s First Sovereign AI thesis, check out Doug Clinton and I on Pressure Points.

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Beyond the headline of next week’s Tesla deliveries is the reality that the EV business is in a better place today than two years ago. Big Auto made big cuts to EV investment over that time, and that gives Tesla a bigger opportunity, especially in the US where we don’t have BYD.

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Bottom line from Jensen’s keynote: Demand is measurably stronger than even the highest expectations, and investors are still having a hard time getting comfortable with that.

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Reflecting on Apple’s upcoming 50th birthday reveals why the company will continue to be successful.

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The new MacBook Neo should add 0.5% to overall revenue for the next year. I believe it won't impact margins.

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The new Mac’s announced today add color to Cook’s “range of options to deal with margins”.

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The new Apple products should translate into a modest upside for June quarter revenue.

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Three takeaways on Nvidia:

1. The stock being down 1% underscores that investors’ long term growth concerns remain.

2. The fundamentals and outlook came in better than elevated whisper numbers.

3. Most importantly, the guidance reinforces just how early we are in AI.

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Google's business and growth outlook is rock solid. Shares sold off on the massive CapEx guide, comments on rising depreciation impacting earnings, and unknowns around quarter-to-quarter Cloud growth.

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Why is Apple up only 1% despite a much better-than-expected December quarter and March guide? The explanation begins in June 2024.

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