FSD: Big Tech Earnings

In this episode of FSD, we break down where opportunity is showing up in a bull market powered by strong earnings and real capital expenditure. Ram makes the case that Meta's fundamentals remain solid and that earnings-driven gap-downs are buying opportunities, not reasons for concern. That leads into a recurring theme: separating good policy from good investing. On AI, the key question is how much spend comes from genuine enterprise adoption versus the AI labs, with implementation partners like Accenture and Cognizant remaining critical as adoption builds slowly. Ram then walks through specific ideas, including MarketAxess as a quality infrastructure compounder, Criteo (CRTO) as a deeply discounted AI-adjacent play, and Trade Desk for higher upside. He makes the broader case for small-cap value using past examples like Gray Media, Build-A-Bear, and Ziff Davis, noting these names tend to run in one-to-two-year trends before resetting. He closes on the macro picture: avoiding late-momentum and expensive names, his small short position in industrials, why high oil prices are setting up bargains in travel and leisure, and his take on Fed independence and Powell's tenure. Connect with Us Online:Lumida NewsLumida DealsLumida WealthLumida ETF Watch the video on Youtube: https://www.youtube.com/@Lumida_Wealth🌐 Website: https://www.lumidawealth.com🐦 Twitter Follow us on https://twitter.com/LumidaWealth🎵 TikTok: https://www.tiktok.com/@lumidawealth📸 Instagram: https://www.instagram.com/lumidawealth📘 Facebook: https://www.facebook.com/lumidawealth