RiskReversal Pod Gene Munster: Mega Cap Tech Q3 Earnings Takeaways
Nov 13, 2025
In this engaging discussion, Gene Munster, founder of Deepwater Asset Management and a tech market expert, shares insights on major tech players' Q3 earnings. He dissects Nvidia's anticipated performance and SoftBank's strategic sell-off. The duo explores Microsoft's Azure growth, Meta's hefty AI spending, and Amazon's unique investment strategy. Gene also highlights Google's AI advancements and Apple's potential in the AI realm, noting both opportunity and risk. The conversation wraps up on Nvidia's pivotal report and its implications for AI market sentiment.
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Episode notes
Microsoft: Consistent Growth, Limited Spark
- Microsoft shows steady Azure-driven growth but lacks the dramatic upside investors crave from AI surprises.
- Gene says Azure's consistency makes Microsoft good but not a breakout AI story.
Meta's Heavy Bet On AI Engagement
- Meta is accelerating engagement via AI but will prioritize spending even if expenses outpace revenue near-term.
- Gene views the pullback as an opportunity and expects psychology to flip back higher.
Why Multiple Models Will Survive
- LLaMA is behind top models today, prompting Meta to hire aggressively and reorganize its AI culture.
- Gene expects multiple useful models will persist and token prices may not race to zero.