Two of Seeking Alpha&#x27;s top tech analysts, Amrita Roy and Uttam Dey, share how they approach the sector (1:00) ROI on AI capex; hyperscalers, optical connectivity, memory (11:45) Lumentum bullishness and why gross margins are so important (26:00) Nvidia&#x27;s peculiar spot (30:30) Tech stock mispricings (37:00) Meta&#x27;s macro backdrop (47:00) Show Notes: Why Meta Is The Best Positioned Hyperscaler In 2026 Top 5 Stocks For AI&#x27;s Optical Revolution In 2026 Episode transcripts For full access to analyst ratings, stock and ETF quant scores, and dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions

AI capex surge, bottlenecks, and the race for ROI

Investing Experts

# Full Transcript

**Podcast:** Investing Experts

## Participants

- **Amrita Roy** (None)
- **Utam Day** (None)

## Transcript

Very happy to welcome two Investing Experts, Amrita Roy and Utam Day, two analysts that have been much talked about. Welcome to you both. Very, very happy to have you both on. Thank you. Thank you very much. Very excited to be on the podcast. Yeah, we've had a lot of great things said about your analysis by other analysts. I think Gary Vaughn called you his favorite analyst on Seeking Alpha. I don't think I'm overstating that. I think that's what he called.

So yeah, lots of your reputations precede you. Amrita, you have an investing group also on Seeking Alpha called the REIT Forum. Is that correct? That's correct. So I collaborate with Colorado Wealth Management on his investing, though I do not actively contribute because most of my analysis is mostly on tech. But yes, that is correct.

Okay. Wanted to make sure about that. So maybe if you would both introduce yourselves and your strategy. Did I mention that you're married? That might be our first time having a married couple on the show.

Yeah, we are married and yeah, we have been married a very long time, probably eight years together for probably what, 11 or 12 years. But yes, we work very well together. And it was always our dream to sort of do this thing where we each have our individual strengths to bring together, especially investing. And curious, did investing bring you guys together? Did that have anything to do with with you meeting or?

That would have been cute. But no, actually, we met in university and both of us have quite extensive backgrounds working in technology companies in the Bay Area. So Uttam actually worked in the larger sort of well-established companies like Apple and Google. And I worked in various startups that eventually some of them got sold to larger companies. So, yeah, so we do come from a very deep technology background.

And I think probably around like 2018, 2019, when it was a Robin Hood generate Robin Hood picking up steam in like the local conversations. We were probably probably one of the early users and sort of really got into this active investing phase in our lives.

And probably around 2020, 2021, I think both of us wanted a career pivot where we just wanted to understand more about just core investing in general and just really connect the dots, understand innovation cycles, how each company sort of fit into those cycles, how to sort of understand balance sheets, understand financial statements to, you know, really understand how demand cycles and margins are about to inflect higher or lower.

And how that dictates price actions on various stocks. And sort of we got deep into that. And that's how our investing sort of journey started. We started publishing on Seeking Alpha. We also have our own Substack group where we publish our research. And, yeah, it's been, what, two years that we're doing it full time and absolut...

AI capex surge, bottlenecks, and the race for ROI

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
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AI capex surge, bottlenecks, and the race for ROI

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.