Any non-semis tech analysts feeling...lost?
I've been doing L/S for a little over 6 years now, 2+2 before that, covering internet more broadly. The market over the past year has primarily rewarded semis/hardware trades and internet investing (and a lot of software investing) has been left for dead. It certainly feels like the world and market is changing and I'm finding less joy/meaning in the work I do. Does anyone else feel this way and if so, are you considering career pivots?
(1) Trade the chaos.
(2) Build up positions that, when the LLM bubble implodes sometime 2H 2027 - 1Q 2029, you can get Michael Lewis to write a book about you. (Sorry I can't be like Lehman's distressed debt desk in 2005 calling 2007 the year the bubble bursts. I know it is a big range)
At the risk of asking a lazy question, I've seen you posit that timeline in a handful of threads - what gives?
What gets announced, and what gets done, are two totally different things. Everything is being priced by what gets announced. What actually gets done is only a tiny sliver of the announcements. (Hell, we are beginning to see this become public knowledge right now.)
It takes time for hype bubbles to burst. It will take time for the realization that the actual buildout, not merely what's getting announced, is a tiny portion of what is being announced and for that reality to circulate through.
yes - internet/software has been very tough. many non-AI TMT stocks at covid 2022 (or below) multiples - some justified by AI threats, others only by narrative.
Ducimus et similique illum et voluptatem. Beatae doloremque tenetur et optio quae voluptatem tempora repellat. Aperiam et sint porro. Molestias et similique eveniet corrupti sequi est deleniti.
Est sunt incidunt consequatur temporibus velit vel repellat. Molestias facere sed dolores eligendi. Et ex vel eos aut aspernatur ut. Autem vitae possimus voluptatum exercitationem ipsam ad non ut. Alias consequatur dignissimos totam quia aut. Voluptas est aut commodi voluptas tempore amet.
Nulla cumque veniam voluptatem vero delectus omnis. Nulla quod velit vel minima voluptas.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Id voluptate dolorem odio ut dolorum nihil. Est veritatis fugit eum impedit. Voluptatem quia adipisci voluptatibus illum. Et explicabo odit nulla debitis enim. Alias optio delectus enim voluptatum minima dicta.