Comment by adabyron
1 day ago
What's interesting is that Thiel added MSFT but the Gates Foundation just reduced it by almost 2/3 and it was their biggest holding - https://hedgefollow.com/funds/Gates+Foundation+Trust
1 day ago
What's interesting is that Thiel added MSFT but the Gates Foundation just reduced it by almost 2/3 and it was their biggest holding - https://hedgefollow.com/funds/Gates+Foundation+Trust
If there is a bubble then the hyperscalers with dominant market shares and big cashflows are most likely to survive if it bursts. Google, MSFT and Amazon. Oracle are on very shaky ground. Their bonds are selling at a discount to par, even though interest rates are dropping, and their debt to equity ratio is nearing 400%. AI is an existential bet for them, but not so much for the others.