Asks for big takeaways from mixed Alphabet, Qualcomm, and Arm earnings.
Lizzy Burden
Matt Bloxham
Alphabet's huge AI capex increase shows the arms race continues. Qualcomm/Arm weakness reflects smartphone market softness.
Asks who is right: the market selling software or Nvidia's CEO calling it illogical.
Lizzy Burden
Matt Bloxham
Sides with the market. AI poses a profound threat to software and human-capital-intensive industries, forcing investors to rethink their thesis.