Investing (Stocks)

Advertising has gone from 78% of revenue to 68% while Cloud grew 82%. Everybody focused on the $195 to $205 billion capex guide, which can be revised and will be….

The market was certain Netflix was broken in 2022, certain it was invincible in 2025, and certain it’s stalling today. Through all three, operating profit compounded 132%. Here’s whether it’s…

A reader asked which stocks I’d buy today with a fresh $100,000, and whether to split it between two. On the split, my answer was no. Here are the six…

As recently as late May, Meta had no plans to take on AWS. Five weeks later it’s selling its excess compute. Here’s who actually gets squeezed if AI demand turns,…

There’s a generational buildout going on right now, and big tech is buying memory chips the way people panic-bought toilet paper in 2020. When demand spikes that fast, you get…

I keep circling the same tension with Microsoft: a wonderful business I can never quite buy at the price I want. The multiple has finally come back to earth, but…

Earnings season is wrapping up, and I’m making the biggest reshuffle to the portfolio this year: selling two turnaround bets that didn’t break my way, and putting the proceeds into…

Six years ago I was writing stock breakdowns on my lunch break, hoping a couple dozen people would read them. Today I’m announcing something I still can’t quite believe: I…

Sea crushed Q1 across all three verticals yet kept full-year guidance untouched. Shopee’s margin line finally moved, Monee’s loan book grew 71% on a marketing spend that doubled, and Garena…

Two years of arguing Google would adapt to AI. Q1 2026 settled the debate. The harder question now is whether 32x forward earnings is a price worth paying.

Paycom retired 15% of its float in 90 days at an average price of $127, draining more than half its cash balance and taking on $675 million of debt to…