The Sunday Review
Trump White House. Big Tech, AI & Energy
Read the previous issue of The Sunday Review here.
Select Tweets
This tweet on Apple’s valuation went viral this week!
Nvidia is extremely overvalued.
Google Cloud margins are low.
Cloud overcapacity and analogies to the insurance cycle.
This educational essay of mine still gets traction with readers.
The Donald is POTUS 🇺🇸
I wrote this big piece in September on the Trump Trade and what could be changing with a Trump presidency.
Don’t tell anyone — but personally I think Trump/Vance won’t be able to turn this ship around. Things have gone too far.
DRILL BABY DRILL!
The most immediate change with Trump will be more liberal regulation on oil drilling. Which makes this video very relevant — in case everyone starts expanding capacity within a broader oil bear market!
Downside at AI
I’ve been ramping up for Part #2 of the Downside at AI series.
Read Part #1 below.
I don’t know…but the market seems to be so sold on the idea that a further migration to the Cloud is unavoidable. I am not so sure:
Cloud is locking them in. Do they like that?
Has Cloud passed scale economies to their customers? I doubt it.
Isn’t Cloud a commoditised service? Or at least, shouldn’t it be?
Big Cloud seems to be trying to “tie up” their customers with extra services — in order to increase switching costs and make more money.
Amazon’s AWS makes 37% operating margins… this doesn’t sound right.
And if Big Cloud is tying up their services, that’s illegal under the Sherman Act.
These are just some of the layers we will investigate in the follow-up pieces to Part #1 of Downside at AI.
Breakout by Philo
We had a look at the long-term charts of Big Tech, layering on top the fundamental picture for each name.
In short — it’s not looking good for AAPL, MSFT, AMZN and GOOG.
Zero to Hero Investing 🦉✍️
Investing for Beginners and Professionals Re-discovering their Edge.
Join the waitlist here.
If you want to upgrade your investing that is.
Sincerely,
Philo 🦉
Offshore Drilling — SDRL and RIG = ❤️ L.F.E ?
I tried making this piece more practical and “applied” — as many subscribers seem to be asking, “What’s the trade?”
I explained how I would play this setup pre-merger, and why.
