Blake Anderson
Tech Spenders Outpace Receivers As Earnings Approach
This week’s Big Tech earnings will likely feature investors scrutinizing the spending plans of cloud computing hyperscalers. As we approach this earnings season, the performance of these ‘Spenders of Capital’ has outpaced that of the ‘Receivers of Capital’ and may suggest that the perceived returns on investment are changing as well. Company commentary and investor …
Blake Anderson
October 26, 2026
Financial Heavyweights Kick Off Earnings Season
Consumer Strength JPMorgan and Bank of America spoke to the strength of consumer spending and high consumer credit quality in their respective earnings reports. As we’ve detailed, consumer finances have remained healthy with the current mix of low and stable unemployment amidst rising wages. These factors may allow spending to continue to grow at responsible …
Blake Anderson
October 19, 2026
Y(AI)2K
“COMPUTER DOOMSDAY?” was a Washington Post op-ed published in 1998. It details an estimated 60% chance of economic collapse caused by a failure in telephone, power and credit card systems, among others, due to the impending millennium bug. 28 years since publication, this op-ed would probably get a lot of clicks today if it were …
Blake Anderson
October 5, 2026
Dr. Lisa Su Leads AMD to $1 Trillion
Last week, Advanced Micro Devices became a $1 trillion company for the first time and became the first company led by a Female CEO to cross this level. The achievement represents a remarkable milestone for one of the semiconductor industry’s greatest turnarounds. In an industry known for extreme competition, Dr. Lisa Su’s strategic decisions throughout …
Blake Anderson
September 28, 2026
AI Angst
News stories have surfaced in the past few weeks that highlight fundamental reasons for the recent AI angst. Major AI research companies, including OpenAI and Anthropic, have begun to warn of unintended consequences from their frontier-leading experiments. And CEOs from major public companies have furthered the warning of risks. But the industry has also brought …
Blake Anderson
September 21, 2026
Apple’s First Event Under John Ternus
Apple’s annual product debut event ushered in a new era for the company. Mr. Tim Cook hosted the past 15 annual events as CEO, but Mr. John Ternus was promoted to CEO effective September 1st. Mr. Ternus inherits an impeccable execution track record that Mr. Cook built – zero major product recalls and the number …
Blake Anderson
September 11, 2026
Software’s Selloff (Turned Surge)
Earlier this spring, I authored ‘Software’s Selloff’ and ‘Software’s Selloff (Revisited)’ detailing the price deterioration across stocks within the software industry. Analyzing data from past software selloffs hinted at some key takeaways: the selloff was ‘young’ in February (and could have taken longer to bottom), and it was deep enough that investors could have expected …
Blake Anderson
September 1, 2026
Nvidia’s Bullish Forecast
Nvidia’s results and forecast last night speak to the overwhelming strength of technology spending that appears to be continuing. The company handily beat expectations and used the earnings call to reinforce the idea that AI is rapidly being adopted by enterprises and consumers alike. In the face of investors questioning Nvidia’s role in future AI …
Blake Anderson
August 27, 2026
Moderna’s Melanoma Milestone
Shares of Moderna surged a whopping +177% last Wednesday. The move came on the heels of a milestone readout from a medicine in its oncology portfolio known as Intismeran. Intismeran is a personalized cancer treatment designed to help the immune system recognize and attack a patient’s cancer cells based on the unique mutations in that …
Blake Anderson
August 25, 2026
K-Shaped Consumer Stocks
Consumer discretionary stocks have seen a wide dispersion of returns this year. To me, part of the answer may be explained by a K-shape in business models, not necessarily the targeted demographics of each company. Many consumer discretionary stocks that have done well this year may be classified as on-demand pricing models, whereas many of …
Blake Anderson
August 17, 2026