Halftime Report The Moment of Truth for Mega Cap Tech 1/29/25
Jan 29, 2025
Kerry Firestone, an Investment Committee member known for her portfolio management expertise, and Steve Weiss, a tech stock analyst, delve into the earnings reports of Meta and Microsoft, sparking discussions about the implications of AI spending and deepfake technologies. They assess major tech stocks, including NVIDIA and Apple, and share their latest investment moves in companies like Vertiv and Booz Allen. The duo also navigates market dynamics, competitive pressures, and the economic landscape shaped by the Federal Reserve's policies.
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Meta Earnings Focus
- Focus on Meta's spending and operating margins.
- Consider the ad environment and e-commerce sales as potential surprises.
Meta and Llama's Double-Edged Sword
- Meta's open-source AI model, Llama, presents both opportunities and uncertainties.
- Its success could lead to revenue or cost savings, but the stock's rapid rise might be getting ahead of itself.
Deepseek's Unknown Impact
- Deepseek's impact on AI spending is still unknown, creating uncertainty for companies like Meta.
- Open-sourcing AI models allows for more developers and product development but also increases sunk costs.