META

A couple of days ago, NYT reported that Meta will delay releasing its new foundational AI model to May this year. While Meta never really publicly disclosed when they would likely release their new model, it was widely believed to be sometime in March. However, NYT’s reporting indicated that

AWS, Google, and Microsoft have all deployed a similar chip strategy with varying degree of success. Google has its TPUs, AWS has Trainium, and Microsoft has its Maia chips. The success of their chips so far are also in that order with TPU being ahead of the pack and Maia

ChatGPT or any chat bots have the benefit of novelty factor to capture our imagination in the last three years. However, one challenge with the chat bot paradigm is it requires a level of intentionality from the users that may not be as pervasive and persistent than most power users

I won’t burry the lede here. After updating my model on Meta following 4Q’25 earnings, I have become materially more bullish on Meta and decided to add to the stock to make it my largest position. I will elaborate more behind the paywall. In addition to “Daily Dose”

Admittedly, I was confused looking at the initial reaction of Meta’s earnings when the stock went down. Mr. Market promptly corrected its “mistake” later. One of the reasons I think some may have reacted negatively is the ever burgeoning capex outlook by Meta which inevitably exerts pressure on FCF.

A programming note: I hope to publish my Deep Dive on Figma tomorrow. Next month, following the big tech’s earnings I will review Meta, Amazon, and Alphabet’s 10-Ks and update my models. As it’s been the case for the last couple of years, I won’t publish