HP
Helmerich & Payne, Inc.
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SpaceX stock (SPCX) gets all the attention right now, but the value proposition for retail investors is terrible and i don’t think anyone disagrees
So instead I went looking for adjacent bets tied to Elon’s other big moonshot, Neuralink, and found one worth flagging before that hype cycle plays out the same way…
Neurable - non-invasive brain-computer interface
• Puts EEG brain-sensors directly into headphones, no implant, no surgery required
• Already shipping: MW75 Neuro LT, $499, tracks focus, mental fatigue, brain age
• Just closed a $35M Series A (Dec 2025), total raised now $65M+
• Shifting to a licensing model so any headphone or wearable brand can build the tech in
• Already working with HP HyperX and the U.S. Air Force Research Lab
• Global BCI market projected to hit $52B by 2034
The portfolio company angle
• ThreeD Capital lists Neurable as a highlight investment in its latest investor deck
• ThreeD’s NAV per share sits trading at a 70% discount too
• Management owns over 40% of the company themselves
Neuralink still requires brain surgery to work. This one doesn’t, and it’s already on shelves.
Video: https://youtube.com/shorts/4fxEG4sgxIk?is=E\_U-sHN6gHQwrE-I
NFA. DYOR.
$IDK / $IDKFF

SpaceX stock (SPCX) gets all the attention right now, but the value proposition for retail investors is terrible and i don’t think anyone disagrees
So instead I went looking for adjacent bets tied to Elon’s other big moonshot, Neuralink, and found one worth flagging before that hype cycle plays out the same way…
Neurable - non-invasive brain-computer interface
• Puts EEG brain-sensors directly into headphones, no implant, no surgery required
• Already shipping: MW75 Neuro LT, $499, tracks focus, mental fatigue, brain age
• Just closed a $35M Series A (Dec 2025), total raised now $65M+
• Shifting to a licensing model so any headphone or wearable brand can build the tech in
• Already working with HP HyperX and the U.S. Air Force Research Lab
• Global BCI market projected to hit $52B by 2034
The portfolio company angle
• ThreeD Capital lists Neurable as a highlight investment in its latest investor deck
• ThreeD’s NAV per share sits trading at a 70% discount too
• Management owns over 40% of the company themselves
Neuralink still requires brain surgery to work. This one doesn’t, and it’s already on shelves.
Video: https://youtube.com/shorts/4fxEG4sgxIk?is=E\_U-sHN6gHQwrE-I
NFA. DYOR.
$IDK / $IDKFF

And printers are now used in every office. Does HP make 100%+ a year? There's such a thing as market saturation. During covid, we saw the same problem with chips for cars. When additional capacity was introduced and supply increased, the problem was quickly resolved, nobody even remembers that that shortage was a thing anymore.

SpaceX stock (SPCX) gets all the attention right now, but the value proposition for retail investors is terrible and i don’t think anyone disagrees
So instead I went looking for adjacent bets tied to Elon’s other big moonshot, Neuralink, and found one worth flagging before that hype cycle plays out the same way…
Neurable - non-invasive brain-computer interface
• Puts EEG brain-sensors directly into headphones, no implant, no surgery required
• Already shipping: MW75 Neuro LT, $499, tracks focus, mental fatigue, brain age
• Just closed a $35M Series A (Dec 2025), total raised now $65M+
• Shifting to a licensing model so any headphone or wearable brand can build the tech in
• Already working with HP HyperX and the U.S. Air Force Research Lab
• Global BCI market projected to hit $52B by 2034
The portfolio company angle
• ThreeD Capital lists Neurable as a highlight investment in its latest investor deck
• ThreeD’s NAV per share sits trading at a 70% discount too
• Management owns over 40% of the company themselves
Neuralink still requires brain surgery to work. This one doesn’t, and it’s already on shelves.
Video: https://youtube.com/shorts/4fxEG4sgxIk?is=E\_U-sHN6gHQwrE-I
NFA. DYOR.
$IDK / $IDKFF

SpaceX stock (SPCX) gets all the attention right now, but the value proposition for retail investors is terrible and i don’t think anyone disagrees
So instead I went looking for adjacent bets tied to Elon’s other big moonshot, Neuralink, and found one worth flagging before that hype cycle plays out the same way…
Neurable - non-invasive brain-computer interface
• Puts EEG brain-sensors directly into headphones, no implant, no surgery required
• Already shipping: MW75 Neuro LT, $499, tracks focus, mental fatigue, brain age
• Just closed a $35M Series A (Dec 2025), total raised now $65M+
• Shifting to a licensing model so any headphone or wearable brand can build the tech in
• Already working with HP HyperX and the U.S. Air Force Research Lab
• Global BCI market projected to hit $52B by 2034
The portfolio company angle
• ThreeD Capital lists Neurable as a highlight investment in its latest investor deck
• ThreeD’s NAV per share sits trading at a 70% discount too
• Management owns over 40% of the company themselves
Neuralink still requires brain surgery to work. This one doesn’t, and it’s already on shelves.
Video: https://youtube.com/shorts/4fxEG4sgxIk?is=E\_U-sHN6gHQwrE-I
NFA. DYOR.
$IDK / $IDKFF

And printers are now used in every office. Does HP make 100%+ a year? There's such a thing as market saturation. During covid, we saw the same problem with chips for cars. When additional capacity was introduced and supply increased, the problem was quickly resolved, nobody even remembers that that shortage was a thing anymore.

I hope they create a franchise as big as Pokemon, Mario, HP, GTA
Or a business like PSA, Steam etc
They can do it

IMO 60-65% is conservative. \~65-70% is probably a good guess given the demand environment. 50% is WAYYYY too low, imo its not even conservative . . . it's just obviously wrong.
One of the things to keep in mind is that on AMD/NVidia GPU sales, they are also marking up all the other BOM materials including the HBM memory which is \~3x the cost of the silicon chip. So they essentially get to mark up a sell-through good which artificially increases profits (IMO). So charging 65% margins on a CPU is FAR more reasonable (and significantly less profit) than charging 65% margins on a Mi400 accelerator.
I don't think 80b is practical. You could probably do \~150% y/y for 2027 which would be roughly 40b.
I have found volumes and unit volumes to be horribly inconsistent among sources (if the are consistent it is usually because they are copying eachother). and i have found ASPs to vary significantly from list prices in my analysis. List prices are probably double what AMD would actually charge to hyperscale and OEMs like dell/HP/supermicro. So if we assume \~7k per CPU for venice, we would get \~49b on 7m EPYCs . . . Which is not totally crazy . . .But it does seem high to me.
remind me! 12 months

From my understanding selling compute was always the plan. Meta AI is being leveraged for serving ad's and not much more. The subscription plans for Meta AI and other stuff was crap. I think broadly we are reaching a peak. Too many business's are chasing cloud computing as a business model. Eventually this isn't going to pan out for them.
I would guess the main hypergrowth of AI usage has already happened. It will continue to grow but and steadily as organizations onboard processes. However, as it grows we will also see massive efficiency campaigns from implementation groups, servers, and model creators.

Oracle, SPCX, Dell, IBM, META, HP? - Then you have the neoclouds and the big 3. I think NVDA was talking about it at some point? I may be misremembering.

But but but but HP is bisnes!
I'm a developer, half my work is done on shitty remote servers, the other half is local. I'm not sure which is worse, got a project that takes 15 minutes for a full compile. I know for a fact a more modern device would do it in at most 2. Don't even wanna know how fast my own private laptop could do it.

Nope, it's still fantastic. There's a reason the sales in Europe recovered about as quickly as production of the refreshed Model Y could ramp.
In China where you regularly see cars about as good as the Model Y selling well under $40k, you will also find the Model Y selling for less than $40k. The cost savings isn't strictly because Chinese manufacturers are particularly clever (though they are,) but because localized production is simply cheaper.
You can get a car with more bells & whistles, more range, more HP or torque, or faster charging, but it's rare to find a car that beats it on more than one spec at any given price. That's what makes it a better value.

This is why I've been trying to tell my CIO that we need to move away from HP. (I work L2 IT support)

Yeah, its because its an HP. Shitty ahh laptops made by a printer company.

My work laptop just shut off randomly twice, no reason or warning just poof.

Puts on HP.

HP still around ?

I dont know if even AI can save an HP LaserJet driver installation.

HP is dope, homie. Count me in!

Thanks to its new AI, HP will implement a mandatory software upgrade to all its printers to inject the brand new APO Technology. With the use of Advanced Planned Obsolescence, our shareholders will enjoy a greater share of their hard-earned profits while keeping the ink prices as low as ever.
HP. Hot Printing. Hot Profits. Hot Possibilities.

I do like some HP Sauce.

HP partners with OpenAI Frontier for enterprise AI deployment