Netflix keeps sliding, and the host expects tax-loss harvesting to hit in the final months of the year as Wall Street holders look for reasons to sell, adding downside pressure.
The host describes Meta as cold as ice and down again, reading weak near-term momentum.
The host argues AI investments are paying off in several ways — Google Cloud doubling and Azure up 48% as evidence — and says there is enough chip spending over the next few years to benefit all major players, though the ultimate return on spend remains debatable.
After the 1–2 year energy-building phase, the host sees gold reaching 10,000+ over the next ten years.
Despite the near-term bearish call, the host is long-term bullish, seeing gold at $10,000+ over the next ten years once the energy-building phase completes.
The host states the indices are in a very big bull market and the recent decline was only a normal healthy pullback, with higher lows intact on the weekly chart, so the uptrend remains in effect.
Long term the host sees another big leg up in metals and miners, but only after one to two more years of sideways correction, with 2028 as the next boom.
The host expects at least another year or two of sideways correction in metals and miners, with 2027 also weak, and the next big up-move only around 2028.
A dovish Fed (Warsh) cut expected hikes from 3.1 to 2.5; he thinks this raises the odds of a one-and-done cycle, and an Iran deal would take hikes off the table entirely.
The host owns Marvell and would buy the dip, arguing the Lumentum deal creates a vertically integrated photonics behemoth despite near-term dilution.
The host sees Google as a top-five 'Palantir setup': a 10% drop driven by short-sighted capex panic, while its cloud grows 103% with a 560 billion backlog, at 19x forward earnings and a 0.6 PEG.
He discloses he still holds his GOOGL $65-strike puts after the double miss and near-10% selloff, waiting to see if the selling continues or buyers step in.
He questions whether the hyperscalers' debt-funded AI capex — unimaginable in size — can ever generate enough revenue to offset the spending.
With search ad growth slowing, capex soaring, free cash flow at negative $9.1B and no buybacks, the host says the drop is deserved and sees $270 coming soon.
Memory shows relative strength versus semis, retracing past 50% of the pullback, but it too needs a daily uptrend to confirm the bottom.
Software remains in an uptrend; as long as weekly higher lows hold above 103.73, bulls control the monthly move, but losing that level would mark a real shift in the sector.
The host holds 63 Google shares against an 80-share target and plans to add near $272; he sees the 272–297 zone as a long-term buying area, below Berkshire's estimated 304–307 cost basis.
Google missed on revenue, EPS, and free cash flow with weak core ads; the host expects the slide to extend into tomorrow on huge volume. He discloses it is his public account's second-largest holding.
Oracle guided to $30B free cash flow by fiscal 2029, easing AI spending fears; with volume-driven gains and cheaper CDS, the host sees a chance the bottom is in.