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It’s surprising to see just how much higher many tech stocks are valued right now than they were six months ago: MSFT +21% AAPL +15% AMZN +37%

• nugget 6y ago
  Of that list, I understand why MSFT, AAPL, AMZN, and NVDA would be up. The rest aren’t so clear to me. NFLX - streaming is up but consumers exhaust the content library faster and competitors (Disney) will now want to gain market share at any cost FB, SNAP - exposure to ad dollars (brand, travel, hospitality, entertainment) that won’t be coming back for awhile UBER - unit economics of food delivery aren’t attractive + hyper competitive market, demand for core rideshare business likely depressed for a long time given it’s dependency on events and business travel SQ, MTCH - no opinion, neutral sentiment TSLA - with gas so cheap, electric vehicles are less attractive I buy the tech multiple expansion thesis but that would apply to every company on this list.
  • dredds 6y ago
    > TSLA - with gas so cheap, electric vehicles are less attractive One suggestion was that the big players will postpone electric while their ICEs get a temp boost, thus giving TSLA an even more unassailable lead.
    • folmar 6y ago
      The EV run is on government incentives worldwide, not cost per mile. Outside US the fuel price is marginally related to raw petroleum, i.e. in Europe dropped some 25% when petroleum went down to basically zero.