What Couch Investor said in this video:
- AI Capexpositive for stockslong-termDespite fears over hyperscaler AI capex and negative free cash flow, the host argues that return on invested capital remains well above the cost of capital and is expected to improve, making these investments very sensible and worth continuing.Source
- ORCLneutralThe host says Oracle has the ugliest free cash flow picture of the group, but return on invested capital doesn't look bad and is already rising; free cash flow is expected to turn positive in 2029, likely a bit sooner.Source
- MSFTneutralThe host notes Microsoft is still expected to generate free cash flow, albeit quite low, with return on invested capital expected to remain flat for the next couple of years.Source
- GOOGLneutralThe host thinks Alphabet's period of negative free cash flow is a bit too long, but the end result looks quite good; if free cash flow turns positive sooner than expected, that would be great.Source
- METAbullishThe host believes Meta is still undervalued even excluding its Muse AI agent, with DCF fair value above $800 per share; Muse's release has driven real user traction.Source
- SHOPbullishThe host believes Shopify's management 'gets it', aiming to be at the forefront of the AI agent revolution and have its stores ranked first across LLMs and AI agents to capture transactions.Source
- OtherneutralThe host discusses the rise of agentic commerce: Meta's Muse was blocked by Amazon, a move he calls stupid and expects to be reversed, while Shopify is partnering; companies will need to balance GMV growth against advertising, since bots don't need ads.Source