MSFT, META, AAPL and AMZN are reporting, and apparently the only thing that matters now is how many billions they can burn on AI before Wall Street decides itโs bullish or a crime against margins.
**The rules are simple:**
โ Revenue beat
โ EPS beat
โ Guidance raised
๐ Stock drops 6% because capex
Miss one estimate by 0.2%?
**Recession confirmed.**
Spend less on AI?
**Falling behind.**
Spend more on AI?
**Margins are dead**.
Say โmulti-year investment cycleโ during the call?
**$200B disappears before the CFO finishes the sentence**๐ฅ
At this point earnings arenโt even about the results. Theyโre about guessing which random word the algorithms have decided to hate today.
A company can print money, raise guidance and still get nuked because one analyst asked whether depreciation will be โslightly elevated.โ
Iโve told myself Iโm sitting this one out.
So naturally Iโll spend the whole day pretending to be disciplined, read 400 comments from people with $83 portfolios, then buy calls at 3:58 PM because some guy posted ๐๐๐ and said his cousin works at Azure.
**Positions**: cash, bad instincts and the firm belief that IV crush only happens to other people.
What are you regards gambling on? ๐ฐ