Pressure Points

By Deepwater Asset ManagementBusiness Technology Investing

Pressure Points episodes

October 09, 2025 Pressure Points: NHTSA Investigates Tesla's FSD
NHTSA's probe validates Tesla’s lead.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit deepwatermgmt.substack.com
9 min
October 02, 2025 Pressure Points: Tesla September Deliveries
September deliveries of 497k were well ahead of the 475k high-end of the whisper, up 7% y/y after being down 13% in June and March. I believe the vast majority of the upside was driven by a 35% quarter over quarter jump in US sales from the tax credit, which in theory means investors should largely throw out the positive number. My "throw it out" logic misses a bigger point; the future will be autonomy and the ability to get EV units in the market profitably is a key competitive advantage. On that measure, the September deliveries are a long-term win for the company.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit deepwatermgmt.substack.com
11 min
September 24, 2025 Pressure Points: Micron 4Q'25 Earnings
The AI train continues to roll. MU guided to 43% Y/Y revenue growth vs. just reported 46%.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit deepwatermgmt.substack.com
5 min
September 22, 2025 Pressure Points: Nvidia's $100B Investment in OpenAI
The Nvidia - OpenAI deal is just the latest salvo in an big tech arms race that is far from peaking.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit deepwatermgmt.substack.com
5 min
September 18, 2025 Pressure Points: Nvidia's $5B Investment in Intel
I would have had INTC up 5-10% on today's Nvidia investment news.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit deepwatermgmt.substack.com
6 min
September 16, 2025 Pressure Points: iOS 26 - Liquid Glass
How big of a week is this for iPhone? It’s been 12 years since a comparable iOS update and 11 years since a similar hardware refresh. That’s good news for iPhone growth in FY26.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit deepwatermgmt.substack.com
8 min
September 15, 2025 Pressure Points: Elon's $1B TSLA Stock Purchase
While Elon’s $1B investment in Tesla is small in context, his loyalty to the stock over the years has been significant.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit deepwatermgmt.substack.com
5 min
September 09, 2025 Pressure Points: Apple's "Awe Dropping" Event
iPhone sales following the form factor, and we got more than expected good news on that front.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit deepwatermgmt.substack.com
8 min
August 27, 2025 Pressure Points: Nvidia 2Q'26 Earnings
Big picture: Nvidia's outlook was better than expected.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit deepwatermgmt.substack.com
6 min
July 30, 2025 Pressure Points: AI’s Impact to Earnings
This was a big night for AI.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit deepwatermgmt.substack.com
8 min