Tom Nash Updates

$PLTR changed a lot of lives over the past 5 years 

Key phrases from Tesla’s own document: “Humans are toolmakers. At Tesla, we make physical products at scale and at low cost with the goal of making life better for everyone.” $TSLA

Elon saying Tesla, SpaceX and xAI will keep buying Nvidia chips at scale tells you everything. Demand for AI compute isn’t slowing, it’s accelerating fast. $NVDA $TSLA 

Tesla stock popped ~1.7% in pre-market trading following Nvidia’s robust Q3. Nvidia posted $57 billion in revenue, beating estimates, and guided $65 billion for Q4. $TSLA $NVDA 

Musk’s X vs. $AAPL Elon doesn’t start fights to win them. He starts them to change the rules. Whether Apple bends or not, he’s already reshaping the conversation.

Palantir vs. Oracle: The Old Guard Meets the Algorithm 
This isn’t a rivalry — it’s a relay. Oracle ruled the database age. Palantir’s taking the baton for the AI age. By 2030, Oracle might still be running the databases. But Palantir? It’ll be running the world that runs them. $PLTR $ORCL

WEDNESDAY NEWSLETTER RECAP | November 19, 2025

Welcome back to another wild week in the markets, the kind that reminds you why coffee exists and why Investors everywhere have developed that little twitch in their left eye. Every headline feels like it is trying to outdo the one before it. You have tech giants teaming up like they are building a space station, countries writing trillion dollar checks like it is nothing, drug companies going shopping with billions in borrowed money, and the internet taking an unplanned nap because one of the core infrastructure companies tripped over a cable.
These are the weeks when you feel like you need both curiosity and courage. Curiosity because the world is changing faster than any of us can process. Courage because the numbers involved are so big that your brain stops trying to understand them and starts pretending everything is fine.
That is the beauty of markets. They never run out of surprises. One minute you are reading about a giant new AI partnership. The next minute you are tearing your hair out because half your apps stopped working. Then you look up and see Saudi Arabia promising to invest $1T into the U.S. economy. It feels like the news cycle is trying to entertain us while also giving us a mild heart attack.
So today we are taking all the noise, all the drama, all the trillion dollar ambitions, and putting them into something you can actually understand without needing a financial translator. This newsletter is the deep breath you take before diving back into the madness.
Let us break down the headlines, add a little sanity, sprinkle some jokes, and figure out what really matters beneath the flashy numbers and spicy quotes.

Google CEO says the AI boom is officially weird
(approx 600 words)
When a CEO from one of the biggest tech companies in the world steps up and says the AI market feels irrational, you stop scrolling and pay full attention. Most CEOs speak like they are reading from a legal document written by ten lawyers. They avoid any statement that might shake the market. So when the Google CEO warns that the AI boom looks a little too hot and that no company is immune to a potential bubble burst, that hits different.
Let us be honest. The AI world has been acting like someone left the excitement switch on for two years straight. Startups with a slide deck and a dream are raising hundreds of millions. Established players are racing to release new models every three weeks. Every earnings call has turned into a contest about who can say the word AI the most times without blushing.
The CEO pointed out that the hype is running ahead of the fundamentals. And he is right. The industry has real breakthroughs, real progress, real products. But it also has a giant pile of unrealistic expectations stacked on top like a teetering sandwich. People are throwing money at every company that uses the letters A and I in the same sentence, even if the product barely exists.
What the CEO is really saying is simple. If AI keeps growing slower than the hype, the hype will eventually slam into reality. That is how bubbles pop. Not because the technology fails, but because the expectations were built on fantasies.
He also reminded everyone that even big players are vulnerable. Size does not protect you from hype cycles. Demand can cool. Costs can surge. Regulations can shift. And if Investors expect constant miracles, even the companies that drive real innovation will feel pressure.
This is not doom. It is perspective. AI will be huge. It is transforming everything from search to medicine to enterprise software. But the market surrounding it needs a reality check before people start buying shares in a company that claims it built a chatbot that can run for president.
MY TAKE
AI is real. The value is real. The future is big. But the hype is outrunning the fundamentals. Long term thinkers will do fine as long as they focus on real products, real companies, and real execution instead of chasing every shiny new idea with a three letter acronym slapped on top.

Microsoft, Nvidia, and Anthropic team up for a giant AI power play
(approx 600 words)
Every industry has moments where the biggest players decide to join forces. In the AI world, that moment arrived when Microsoft, Nvidia, and Anthropic announced a partnership that feels less like collaboration and more like a strategic power formation built to dominate the next decade.
Microsoft brings the cloud empire. Azure has become one of the most important AI training hubs in the world. Nvidia brings the silicon crown jewels. Their GPUs are the lifeblood of modern AI. Anthropic brings one of the strongest model research teams in existence. When you put all three together, you get a combination that can shape the direction of AI development across industries.
Anthropic benefits massively from this. The biggest bottleneck for AI labs is compute. Everyone wants to train larger models. Everyone needs access to more GPUs. Most cannot get them because Nvidia cannot manufacture enough to keep up with demand. But Anthropic now gets priority access to hardware through one of the most powerful cloud networks in the world.
Microsoft benefits as well. They already have a deep relationship with OpenAI, but they are not betting their future on one lab. By investing in Anthropic, they build redundancy. If OpenAI slows down or hits turbulence, Microsoft keeps access to leading models.
Nvidia wins because every partnership cements their dominance. The more these AI labs grow, the more GPU demand grows. And the more GPU demand grows, the more Nvidia becomes the center of the universe.
MY TAKE
This partnership is a giant signal that the AI revolution is entering a new phase. Compute decides who wins. Scale decides who leads. Microsoft, Nvidia, and Anthropic are building a fortress around the future of AI. The companies without deep alliances will struggle to keep up.

Nvidia earnings are coming and the market is holding its breath
Nvidia earnings week feels like a national holiday at this point. There are people who do not even follow markets watching this one. Nvidia has become the heartbeat of the AI industry. When they report numbers, everything reacts. Cloud stocks react. Chip stocks react. Software stocks react. The S&P500 reacts. If your company uses the internet, you probably react too.
Expectations this quarter are sky high. The market is not asking whether Nvidia will grow. The market is asking how many billions in new sales they will add and whether they can keep up with demand that looks like a stampede.
Nvidia also faces constant questions about competition. AMD is pushing hard. Large tech companies are developing their own chips. But the performance gap is still enormous. Nvidia is in a league of their own, and every earnings cycle is another reminder of how far ahead they are.
One thing is certain. Nvidia is no longer just a chip company. They are the engine behind the AI revolution. Their hardware powers everything from chatbots to self driving simulations to advanced scientific models. Their influence extends into every corner of the tech sector.
MY TAKE
Nvidia earnings are about more than profits. They are about momentum. They set the tone for the entire AI industry. If Nvidia stays strong, the AI trade stays strong. If they show weakness, the entire market will feel it. Fundamentals still matter, but expectations are getting harder to satisfy.

Saudi Arabia commits $1T to the U.S.
Saudi Arabia announcing a plan to invest $1T into the U.S. economy is not a normal policy move. It is a global power move. That is the kind of money that changes industries. It changes influence. It changes long term economic relationships.
Saudi Arabia wants to diversify away from oil dependence and build a more stable, modern economy. Investing in the U.S. gives them access to innovation, infrastructure, security, and strategic industries that will matter for the next century.
The U.S. benefits too. Trillion dollar commitments bring jobs, development, and new capital into core industries. This kind of investment strengthens alliances and pushes economic growth forward.
MY TAKE
This move is strategic, not symbolic. The Saudis are positioning themselves for the future, and the U.S. remains the safest place for large scale capital deployment. This will reshape long term economic flows.

Pfizer raises $5B for the Metsera deal
Pfizer is issuing $5B in new bonds to complete the Metsera acquisition, a major move in the biotech world. With the Covid revenue wave gone, Pfizer needs new growth engines. Buying Metsera gives them access to advanced treatments in genetic medicine, one of the most promising frontiers in healthcare.
MY TAKE
This is a classic big pharma move. If you want a stronger pipeline, you buy companies with promising science. Pfizer is choosing growth over caution, and that is a smart long term play even if it creates pressure in the short term.

Cloudflare outage takes half the internet offline
Cloudflare had a major outage that knocked countless apps and websites offline. When Cloudflare breaks, everything breaks. They sit at the core of the internet infrastructure stack. Their job is to keep the digital world stable.
The issue was resolved, but outages like this raise questions about reliability. Cloudflare is incredibly advanced, but even the strongest systems can fail.
MY TAKE
This was embarrassing for Cloudflare but not catastrophic. They remain one of the most important players in web infrastructure. As long as outages stay rare, Cloudflare will stay dominant.

FINAL THOUGHTS
Some weeks feel like the market is running on rocket fuel. We saw AI warnings, massive partnerships, trillion dollar ambitions, biotech consolidation, and an internet outage that reminded everyone how fragile digital life really is.
The common theme is acceleration. Everything is moving faster. Big tech. Big money. Big science. Big risk. Big opportunity.
Staying grounded matters more than ever. When the headlines get louder, fundamentals matter more. The world is shifting toward stronger infrastructure, smarter models, and deeper partnerships. That creates volatility, but it also creates enormous opportunity for patient Investors.

Tom.

Alex Karp is back with another big idea about the future of work, saying AI will make large scale immigration “obsolete.” His point isn’t about politics. It’s about economics. $PLTR 

Tesla taps SpaceX engineering, SpaceX uses Tesla batteries, xAI’s Grok powers vehicle intelligence, Neuralink advances interfaces, and X connects everything across Elon’s growing ecosystem. $TSLA

Every cycle brings the same headline claiming AI is Palantir’s risk, even as AIP drives seventy percent Q4 growth and becomes the platform enterprises are standardizing on. $PLTR