Daniel Pronk

Happy Halloween! 🎃

It's official. Just in time for the Canadian winter 🤣

Bought more $AMZN. In 5 years this price will look like a steal.

$INTC is down 30% today, but the real question is why was it up so much in the first place?

Here's my $AMZN earnings analysis. It explains why the stock sold off, and why I decided to buy more. youtu.be/c8x6S2vlQys

AWS is expected to grow 40% in 2027 and 2028... Are you kidding me? $AMZN

As I shared in my video yesterday, $GOOG earnings make $META's look even better. Both advertising businesses are still growing, but META is taking a larger share of new dollars spent. It's proving META's AI investments are paying off, and producing a higher ROAS.

Update: $ROAD The market realizes roads still need to be paved.

I haven't had a video go viral in a long time. Thank you everyone for tuning in.

If you're wondering why $GOOG is down 11% after earnings, this video explains it all: youtu.be/OTjsHhkHXEY

I know $GOOG is reporting today, But I just want to say I'm doing things within my business that I literally wouldn't be able to do before with $META's Muse. I love it.

I've been thinking about what's causing the worries in the market, and here are my current thoughts. The market is clearly worried about the funding of the AI build out. $META and $AMZN are FCF negative in their most recent quarters, which means debt and dilution (outside capital) is going to be needed to continue accelerating the build out. This increases the risk and durability of the build out, and makes access to capital across the industry more scarce. (More companies are fighting for a limited amount of debt and investor capital). Funding seems to be the next "bottleneck." But also, this should mean that companies that are able to get funding have a competitive advantage. Additionally, the companies providing the funding should be able to get the absolute best deals. In my view, the companies with the best access to funding are the hyperscalers. And if their upcoming competitors can't get the funding to build compute, then AI demand, which is very real, should flow even more into the hyperscalers. Hyperscalers are the best businesses that have ever existed, and have hundreds of billions of dollars in (growing) cash flows to continue investing. Sure, some are going FCF negative, but their balance sheets are still pristine, and their operating profits are growing 20%+ annually. On an organic basis, they should be able to continue growing their investments and AI compute, regardless of outside funding. Albeit slower than they'd like, if that were the case. I also believe the alternative asset managers are set up very well. $BAM, for example, has well over $100B of capital ready to deploy. If capital is becoming more scarce, then those with it should see higher returns and more demand for it. The noise is loud, and the sell off hits everything indiscriminately and unjustifiably. If you're able to stay rational and think long-term, then I believe there is a lot of opportunity out there.

Alright we might actually be cooked.

Test drove a new car today... I think I might finally reward myself for the past 7 years of grinding on YouTube. It was very, very fun.

Just posted my quarterly $NFLX earnings analysis. In my opinion, it looks like it's continuing to become a weaker business with the top line deceleration. That said, they are doing a great job expanding margins. Here's the link to my full breakdown: youtu.be/OZBaYC2tTDk

I already know I'm going to want to buy more $AMZN after seeing its earnings report. It's too cheap, and it's seeing too many tailwinds.

I believe AI adoption and demand will continue to grow, even if Anthropic and OpenAI go to zero. I've been investing based on this belief for a while, and I believe $AMZN, $META, $MSFT and $GOOG are the best-positioned to capture the growth of AI.