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Feb 13, 2026
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LONG
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Forte defends Amazon's $200B CapEx guidance, stating they can "turn it off" if returns aren't there. He argues Apple is down on memory pricing fears but has a history of managing supply chain costs well. The sell-off (Amazon down 16%) is an overreaction to CapEx fears. These companies have the scale to automate (Amazon robotics) and manage costs, making the current dip a buying opportunity. LONG Big Tech on the dip. Continued margin compression from high memory component costs. |
Bloomberg Markets
Bloomberg Surveillance 2/13/2026...
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