Investors / stance tracking
What Ankur Crawford is saying
President & Portfolio Manager, Alger
8 dated public stances tracked since 2026-08-14, most recently 2026-08-18. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.
The stances below are c8alpha's editorial distillation of Ankur Crawford's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Ankur Crawford is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
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8
tracked stances
4
themes
0
side flips
2026-08-18
last heard
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|---|---|---|---|
| HARD DISK DRIVE COMPANIES | 2 | 2 bullish | 2026-08-18 | |
| NVDA | 2 | 2 bullish | 2026-08-18 | |
| NBIS | 1 | 1 bullish | 2026-08-18 | |
| TSM | 1 | 1 bullish | 2026-08-14 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2026-08-18
NVDA
bullish
The Big Picture (Ritholtz) · article
AI compute demand is structurally insatiable and supply-constrained across chips, power, and labor, making Nvidia the primary beneficiary of the largest capex cycle in history
“we are still short compute — the neoclouds are telling you there are four times as many asks as capacity”
Transcript: Ankur Crawford, Portfolio Manager, Alger Capital Appreciation
2026-08-18
HARD DISK DRIVE COMPANIES
bullish
The Big Picture (Ritholtz) · article
AI's insatiable data-storage demand has flipped HDDs from a declining single-digit-multiple business into a shortage-driven pricing-power story with earnings up three-to-fivefold, exemplifying the firm's lifecycle-change framework
“hard disk drives all of a sudden became in shortage, and now they're taking pricing, and their earnings power has gone up three, four, fivefold”
Transcript: Ankur Crawford, Portfolio Manager, Alger Capital Appreciation
2026-08-18
NBIS
bullish
The Big Picture (Ritholtz) · article
Investors misread CEO Arseny Palobkov's culturally Russian self-deprecating style as a business red flag, creating a mispriced opportunity in the company's fundamentals
“I'm kind of looking at the opportunity, because that's just his culture”
Transcript: Ankur Crawford, Portfolio Manager, Alger Capital Appreciation
2026-08-18
long AI HARDWARE AND NETWORKING / short IT SERVICES AND ENTERPRISE SOFTWARE
pair
The Big Picture (Ritholtz) · article
AI shifts the $6T IT spending pie away from software and IT services (whose moat of high creation cost is eroding to near-zero) toward hardware and networking which are the true scarcity driving the innovation curve
“our contention was that the value would go from IT services and software into hardware and networking”
Transcript: Ankur Crawford, Portfolio Manager, Alger Capital Appreciation
2026-08-14
TSM
bullish
Masters in Business · video
TSMC is becoming the sole supplier of leading-edge semiconductor fabrication, granting it structural pricing power it has now begun to exercise as AI chip demand intensifies
“you guys are going to become the single supplier of leading edge”
Understanding Hyperscalers | Masters in Business with Ankur Crawford
2026-08-14
HARD DISK DRIVE COMPANIES
bullish
Masters in Business · video
AI-era data storage demand reversed the HDD secular decline by creating supply shortages that enable aggressive pricing, driving 3-5x earnings growth from former single-digit valuation multiples
“hard disk drives all of a sudden became in shortage and now they're taking pricing and their earnings power has gone up three, four, fivefold”
Understanding Hyperscalers | Masters in Business with Ankur Crawford
2026-08-14
NVDA
owns
Masters in Business · video
Nvidia is the primary beneficiary of AI infrastructure buildout as global compute demand remains structurally undersupplied and GPU spending by hyperscalers and neo-clouds continues to accelerate
“Nvidia's currently a 13 and a half percent position in the portfolio”
Understanding Hyperscalers | Masters in Business with Ankur Crawford
2026-08-14
long HARDWARE AND NETWORKING INFRASTRUCTURE / short IT SERVICES AND SOFTWARE INCUMBENTS
pair
Masters in Business · video
AI reducing the marginal cost of software creation to near-zero commoditizes IT services and software incumbents while concentrating value creation in the hardware and networking layer that powers the innovation
“the value would go from IT services and software into hardware networking”
Understanding Hyperscalers | Masters in Business with Ankur Crawford
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