$Alphabet(GOOGL)$ $Apple(AAPL)$ $Berkshire Hathaway(BRK.B)$ Buffett was late to Apple too. Even after the iPhone changed the world, he waited years before buying. What mattered wasn't the technology — it was the economics. Once the numbers confirmed durable cash flow and high returns on capital, he moved. Apple became Berkshire's largest holding. Now the same pattern is showing up with Google. Berkshire's insurer GEICO was paying Google $10-11 per ad click back in the 2000s. Buffett knew the economics of the business for almost 20 years. He still didn't buy the stock — and later called it a mistake. Berkshire final
$Intel(INTC)$ Retail leverage is at all time highs, and hedge funds are betting against tech as a result. Things could get messy from here. I'm still a long-term bull, but this movement is weird.
$Intel(INTC)$ Pelosi bought at higher prices, and Intel's CEO bought at higher prices too. There's so much chip demand that TSMC is outsourcing work to Intel. The stock is down 35%, but go ahead and keep selling, clowns.
$Intel(INTC)$ Bank of America's numbers have Intel taking around 10% of the $380B foundry market and about 30% of the $20B advanced packaging market. That would push foundry revenue from $1.1B in 2026 to roughly $40B by 2030.
$Intel(INTC)$ The foundry business gets zero credit right now. Once it starts bringing in billions, it'll already be too late. A lot of people seem to think it's already too late, but from where I stand, this is just getting started.
$Oracle(ORCL)$ When ORCL was still below $120, I added heavily to my positions in the 2x leveraged long ETFs ORCX and ORCU. Those are already up around 50%. Feels pretty good right now.