RiskReversal Pod Gene Munster's Mag7 Review: AI Enthusiasm & Tariff Impacts
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May 7, 2025 
Gene Munster, managing partner at Deepwater Asset Management, shares insights on major tech companies' performances. The conversation kicks off with a nostalgic look at Apple's evolution while transitioning to their latest earnings, emphasizing the challenges in China. They explore Microsoft's mixed results and partnerships in generative AI, including firms like Anthropic. The duo also tackles Google's AI hurdles and Tesla's market struggles, reflecting on Elon Musk's leadership and future directions. It's a thought-provoking discussion on the shifting dynamics of the tech landscape.
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Apple's Early Audio Product Anecdote
- Gene Munster shares a personal story about Apple's early audio product, the iPod Hi-Fi, from a small Apple event.
- The product was praised by Steve Jobs, but a media peer expressed skepticism, showing early mixed reviews.
Microsoft's AI Strategy Shift
- Microsoft's stock recently outperformed its large-cap peers despite earlier underperformance after reaching an all-time high in July 2024.
- Investors are adjusting to Microsoft's strategy of coexisting with OpenAI while developing its own AI models and partnerships like Anthropic and open source offerings.
Microsoft's AI Partnership Outlook
- Microsoft is likely to partner more with companies like Anthropic and leverage open-source AI models alongside OpenAI.
- Enhancing Azure to support third-party AI models remains a key strategic factor for Microsoft.