$Amazon.com(AMZN)$ $Microsoft(MSFT)$ $Alphabet(GOOG)$ $Meta Platforms, Inc.(META)$ $Oracle(ORCL)$ The hyperscaler setup looks pretty clear: earnings revisions are moving higher while the stock price moves lower. That gap is meaningful. There's never a guarantee, of course. But when estimates keep getting revised up and the market is pricing them down, that's typically where the risk/reward starts to get interesting. I'm not chasing strength here. Just watching the disconnect.
Honestly, the argument comparing the two eras seems a bit off the mark. The distinction isn't just about valuation multiples; it's really about business models, capital efficiency, and the durability of the underlying businesses. Think about the greater monetization layer now—high-margin software subscriptions, ARR, and ads versus the low-margin hardware of the past. The customer base has expanded from mostly startups to include both enterprises and consumers. Free cash flow generation is more robust, coming from a diversified global business rather than being tied to physical inventory cycles. And the moats are different, built on AI models, data, and cloud ecosystems rather than commoditized hardware. The 2000 period is labeled a bubble because when speculative internet startup spending
AI infrastructure spending is still the key theme to watch right now. The current 2026 capex estimates for the major hyperscalers are around $725 billion. The biggest spenders are looking like: - $Amazon.com(AMZN)$ at about $200 billion - $Microsoft(MSFT)$ around $190 billion - $Alphabet(GOOGL)$ also around $190 billion - $Meta Platforms, Inc.(META)$ at roughly $145 billion All four report earnings in late July, and updated 2026 capex guidance could be a major catalyst. Given the acceleration in memory costs, AI compute demand, and data center expansion, the big question is whether these companie
$Alphabet(GOOGL)$ $Alphabet(GOOG)$ Another solid close for Google. Honestly, it's hard to decide what's more satisfying—the gains, or seeing the bearish arguments get quieter for a while.
$Roundhill Memory ETF(DRAM)$ $iShares Semiconductor ETF(SOXX)$ $Micron Technology(MU)$ I think we might have seen a short-term bottom here. The Meta news feels like a hit piece designed to spook retail out of their positions. The idea that Meta miraculously found all this excess compute is questionable—it didn't come from a magic compute tree, it likely came from the scaling back of the Metaverse venture. It was already known that Meta was positioning itself as a hyperscaler alongside $Microsoft(MSFT)$ , $Amazon.com(AMZN)$ , and Google. The market's reacti
$Microsoft(MSFT)$ The bounce in the software ETF $iShares Expanded Tech-Software Sector ETF(IGV)$ off its 20-week moving average looks like it could have implications for the intermediate term, not just a short-term move like the one we saw back in April and May. The sector's favorable seasonal period is still in play, running through mid-September.