Episode 54: Investors start to question AI capex

The MPC Weekend Edition provides a comprehensive overview of recent financial and geopolitical developments affecting global markets. Key points include: AI Investment Skepticism: Google's $75B AI/data center capex plan caused investor unease, impacting MAG7 stocks. Palantir, however, saw significant growth. Trade War Effects: New U.S. tariffs on Canada, Mexico, and China are creating opportunities in domestic sectors. Earnings Highlights: Notable performances from Amazon, Alphabet, and Palantir, with varying market reactions. Domino's Pizza Enterprises announced a restructuring plan, closing 205 stores and projecting $15.5M in annual savings. News Corp reported strong quarterly results, driven by REA Group growth. Trump imposed new tariffs on imports from Canada, Mexico, and China. A controversial plan for Gaza was proposed, involving temporary relocation of Palestinians. Gold reached new highs, approaching $3,000. Bitcoin experienced volatility, rebounding from $92k to $100k. Oil prices tested support levels around $70. This weeks newsletter also includes sections on AI webinars, reading recommendations, and a high-conviction stock pick (Palantir), along with standard disclaimers and legal notices.