Big catch on the 10-K fine print. Off-balance-sheet commitments jumping from $196B to $329B in a single quarter really shows how aggressively $Microsoft(MSFT)$ is locking in a power and compute moat. The trade-off is higher hurdle rates on Azure AI margins once those payments start kicking in.
$Alphabet(GOOGL)$ $Alphabet(GOOG)$ With the market getting ugly, I wouldn't be surprised if they try to push below the 200-day SMA and trigger some stop losses. How far they can take it, who knows, but I'd definitely be a buyer at that level for a swing trade. Then we'll see how it plays out and decide what's next.
$Oracle(ORCL)$ will keep disappointing. I hear a lot of institutions say they like the company but not the debt. Many will stay out until it can produce enough revenue to offset the capex. At least with $NEBIUS(NBIS)$ the dip seems to get bought faster than other names in the sector. Hyperscalers in general are risky business. $Alphabet(GOOG)$ looks ready to break out. It looks prime and nobody is saying a word about it.
$Alphabet(GOOG)$ Google is expanding well beyond search now. That's just the reality of where things stand. It's a goliath, and it's quickly changing from the way it used to be.
$Alphabet(GOOG)$ $Alphabet(GOOGL)$ The months-long consolidation here is real. Let it keep digesting. The next leg up is a mathematical guarantee. It's coming whether we like it or not.
$Akamai(AKAM)$ Looking at the Anthropic and $Alphabet(GOOG)$ news. That could mean a meaningful traffic increase for Akamai. If this starts to shift, the upside looks significant. The market cap setup here is unusual. Just waiting to see how it plays out.
$Alphabet(GOOGL)$ $Alphabet(GOOG)$ Easily one of the best technology companies in the world. AI and cloud leadership are clear, and profits look set to roughly double from here. At this point it almost feels like free money, the kind of setup that looks like a guaranteed win.
$Alphabet(GOOG)$ $Alphabet(GOOGL)$ More upgrades coming through. Barclays raised its target to $425 and kept Overweight. Roth Capital raised its target to $440 and kept Buy. Pivotal Research raised its target to $475 and kept Buy. A few other firms held their positions this time. The analysts' average price target for GOOGL is $429.46. Rosenblatt kept Buy with a $410 target. RBC Capital reiterated Outperform with a $425 target. Wedbush reiterated Outperform with a $445 target. Citizens reiterated Market Outperform with a $515 target.
$Broadcom(AVGO)$ $Alphabet(GOOGL)$ $Alphabet(GOOG)$ I think Google and Broadcom are starting to look like generational buys, similar to Microsoft and Meta a few months ago. Broadcom being down YTD seems overdone after the last earnings report, and Google caught a lot of criticism for falling behind in the AI race, but they just released Argon.