TBPN Diet TBPN: October 31, 2025
47 snips
Nov 1, 2025 The hosts kick off by sharing their Halloween costumes and humorous impressions. They dive into a discussion about U.S.–China trade changes and Amazon's earnings comeback, highlighting its strong AI narrative. Microsoft's AI initiatives, particularly Excel Copilot, are analyzed, along with Slack's dominance in workplace chat. Meta's revenue beat raises concerns over metaverse investments, while Tesla's mixed earnings spark debate. Lastly, they touch on NVIDIA's AI leadership and Palantir's legal woes, all while joking about office snack etiquette.
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Mag 7 Still Drive Market Strength
- The Mag 7 — the big tech hyperscalers — are still carrying global markets and earnings show AI narratives powering that strength.
- Amazon, Microsoft, Google and others now trade on differentiated AI execution and cloud momentum rather than just legacy businesses.
Amazon Back On The Offensive
- Amazon had a strong quarter with big jumps in profit and AWS revenue, signaling a return to offense after lagging on AI narratives.
- Despite gains, Amazon’s five-year stock performance still trails peers like Alphabet, showing varied market re-rating across hyperscalers.
Microsoft's Model-Agnostic Advantage
- Microsoft benefits from broad AI positioning and product integrations like Copilot and Excel agents, giving it a model-agnostic advantage.
- Satya Nadella has already captured significant market credit for AI opportunities relative to other hyperscalers.