Hello all,
I hope you all had a great weekend and got some much needed rest and recreation.
This past week was an excellent one for the “nothing ever happens” gang as the jobs report came in much softer than anticipated thereby reducing the odds of another rate hike in the upcoming FOMC meeting. We had a good week as well
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GOOGLE DARK HORSE (YET AGAIN)
Google was our largest position since 2022 and we exited it in February this year due to concerns our losing in the AI race,
Google Gemini has lagged behind other AI models for quite some time now, sparking a tonne of jokes online and so forth.
However, looks like Google has hit back and how,
There is a chance that AI will cannibalize search (Google’s core product), however there is an outsized opportunity in the AI race for someone who owns the complete stack to push ahead due to efficiently servicing their debt through positive FCF from allied businesses.
Since our exit the stock is at similar levels but definitely interested in it at about
