Last week’s tech chaos explained… why Alphabet and Amazon’s spending shocked Wall Street… the Stage 1 to Stage 2 transition… which stocks face existential threat from AI… and how Louis and Luke are positioning for the winners
Last week brought a gut punch for tech investors.
Early in the week, Big Tech stocks got hammered. The S&P 500 software and services group shed roughly $1 trillion in market value. Microsoft, Salesforce, ServiceNow – names that seemed untouchable just weeks ago – were all down sharply. By Thursday, the tech-led Nasdaq had fallen about 4%.
But then came Friday…Our technology expert Luke Lango makes the same point. Here’s Luke from last week’s Daily Notes in Innovation Investor:
Yes, there are valid debates about hyperscaler ROI. Yes, investors are nervous.
But here’s the thing: That money is being spent anyway.
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