Google, Microsoft, and Amazon have followed a pattern of their CAPEX having initial skepticism eventually followed by acceptance. This will happen with Meta as well. In each case there were &#x27;reasons&#x27; that the stock deserved to be down. With Google it was that ChatGPT would disrupt search, Microsoft it was Claude would disrupt the software bundle and the backlog was too concentrated, Amazon it was large CAPEX spend with no flagship model. With Meta it&#x27;s that they have no public cloud business. Like all the others, investors will eventually be convinced with Meta as well.

I’m Buying More Today

The Joseph Carlson Show

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Welcome back, everyone. Today on The Joseph Carlson Show, we have a massive episode because this has been a huge earnings week. On Wednesday, we had Microsoft and Meta report their earnings. For Microsoft, it looked really good. Microsoft is up 15.5% on the day. It basically erased all of the losses for the year. A lot of positive momentum for Microsoft. The stock is now back above $450.

So, huge earnings day for Microsoft. We'll go over the reasons why later. We have Meta, which didn't have as favorable of an outcome. The market did not like it. Meta sold down 8% on the day, and investors seem a little confused about this one. I'll be going over in depth what's going on with Meta as well.

I’m Buying More Today

Read the full transcript

The candid version is on a podcast,
not the earnings call.

I’m Buying More Today

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.