Meta Platforms Stock (META)

* I continue to call B.S. to the anticipated projections for productivity enhancement, the largely positive expectations for marginal aggregate economic growth/activity from AI and to the unrealistic forecasts for return on invested capital of the AI capital spending spree… * If the dreams of AI (job) cost saves are realized, how is the U.S. economy …

Microsoft ($MSFT) was a pleasant surprise with growth at Azure accelerating. Mets ($META) not so much. We remain long $MSFT, Amazon ($AMZN) and Alphabet ($GOOGL) in the Mag 7. More later… Position: Long MSFT (S), AMZN (S), GOOGL (S)

Am I the only one that finds it ironic that Anthropic and OpenAI are whining about the Chinese stealing their IP and then massively undercutting them on price, when they themselves have stolen everything to train their models? And this (as mentioned previously) …. Alphabet’s ($GOOGL) free cash flow is negative for first time ever, …

See this tweet: But, more importantly, the subtweet under it: I think that is the leading indicator. Although I would modify the subtweet a bit. This also means the revenue growth is flattening. The spike we had that really kicked off this last rally was artificial. It was unsustainable tokenmaxxing (and apparently Anthropic also had a big 1x …

If I get self absorbed or overly confident, please make me aware of it in the Comments Section. Apropos, META ($META) shares are -$15 this morning: Positions: None.