The world's largest companies stand to benefit most from AI. Buying Meta, Amazon, Nvidia, Alphabet and Microsoft might be enough to outperform the market over the next few years. x.com 

AI embedded throughout software could bring huge future token spend to Amazon and Alphabet, whose AWS and GCP clouds host software builders and offer AI platforms. Ramp data show VC-backed firms spend 10 times more per employee on AI monthly than PE-owned and other firms, a possible leading indicator of software using more tokens relative to people. VC-driven demand is vulnerable to capital-cycle swings, but longer term incumbent software may become AI-native or be replaced. x.com 

Application software makers Adobe, Salesforce and ServiceNow are sneaky losers from the AI-lab slowdown, because frontier labs can now focus on their customers instead of AGI. Lab leaders including Elon Musk, Dario Amodei and Sam Altman have pivoted to warning that AI could kill you, which, with AI already polling badly, will make it much harder to attract investment. The fallout could be real. x.com 

Nvidia's CUDA retains developers, putting it among 12 stocks that could dominate the decade ahead. Nebius's GPU rental price rise signals demand; Fabrinet and Credo supply AI connectivity. DraftKings has betting scale; Microsoft has Azure and an OpenAI partnership; Figma anchors design work; Shopify powers stores. TeraWulf pivots power sites to AI leases; Constellation, the largest US nuclear operator, signs big-tech power deals; Meta spends on AI; Uber has autonomous-vehicle partnerships. x.com  … Show more

AI's threat to incumbent tech makes SpaceX the preferred investment for the next decade. AI has begun taking business from Google, with Amazon and Apple next; Microsoft's 27% workforce reduction program signals desperation. x.com 

These picks ride AI demand and digital scale. Reddit licenses conversation data to AI firms; Upstart supplies AI lending; Nu leads Latin American banking; Uber's autonomous-vehicle play is overlooked. Talen sells AI data-center power at premium rates; Dell ships AI servers; Microsoft pairs Azure with OpenAI. CrowdStrike secures enterprises; Duolingo expands its most-downloaded language app into math and music; Mastercard, one of two global card networks, takes a cut of trillions in payments. … Show more

The application layer of AI is where the most value will ultimately be created, favoring Amazon, Microsoft, Meta and Tesla. Memory makers such as Micron, SanDisk and Western Digital are only one layer of the stack Jensen Huang described at Davos. If applications don't generate profits, the whole ecosystem beneath them eventually loses value. x.com 

Zeta Global, ServiceNow, Datadog and CrowdStrike look increasingly attractive among software names as AI disrupts applications: businesses with proprietary data that build on AI and deliver intelligence and measurable outcomes could win. Cybersecurity valuations remain a concern. x.com 

Agentic AI is splitting software and fintech valuations. ServiceNow, best positioned for agentic AI, gets the biggest boost, while HPE and IBM earn a premium for hardware, software and cloud. Robinhood and SoFi, which do not benefit from agentic AI, see their multiples compressed. x.com 

UiPath, Zeta Global and ServiceNow are discounted because the market treats AI as a pure threat rather than a product accelerator, as it once did with Google, now up 120% this year. They should rerate once investors see that AI makes their products better, faster and more valuable, and that AI still needs real enterprise workflows, data, compliance, automation and execution layers to be useful. x.com