💸 In Playa del Carmen for the Blossom Ambassador retreat this week (yay vacation!) but still planning a Monday market update vid 2-9 with more details... 📊 Market recovering a little today but this has been the dumbest reason for a selloff I can remember. Wall Street trying to blame new agent models from Anthropic for selloff and yes software stocks should take a hit as we see AI is replacing their services faster than expected BUT... we've also heard all the hyperscalers (MSFT, AMZN, META, etc) give huge increases to capex spending - just top 5 AI spenders are planning $700B in spending this year... and yet even the AI infrastructure plays $NVDA$AMD$SMCI$AVGO$MU etc fell with tech stocks. Folks, the market is made up of people and sometimes people just wanna act the fool, get into hysterics and do stupid stuff. Sometimes the market just wants an excuse to take profits and shift into fear mode. The pundits and WSJ might try to explain it but that doesn't mean it's right or reasonable. Last year it was 'capex spending by OpenAI and Oracle might not be there... now that we know what AI can do and that spending WILL be there, the market is trying to invent another excuse. It's times like these that make the best dip-buying opportunities because if you calm down and look at the REAL picture (AI infrastructure capex plus fiscal stimulus coming from budget bill last year) then you can see why the bull market will keep charging. Again, updating in more detail in Monday video but continuing to buy the AI infrastrucutre stocks SMCI, AVGO, AMD, ANET, etc along with $ETH on tokenization.
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