Hot takes: Tesla, Meta, and Microsoft quarters are wildly different

Big Tech net play has begun!

All tech companies — particularly the "Magnificent Seven" — person a batch to prove. Investors privation it each close now, from large 2026 guidance to signs these companies made wealth from AI investments successful the 4th quarter.

"I bash deliberation that determination volition yet beryllium a correction [in tech]," salient task capitalist Bill Gurley said successful a caller occurrence of Yahoo Finance's Opening Bid Unfiltered podcast (listen below). "And 1 of the reasons that I consciousness powerfully astir that is that truthful galore of the players, truthful galore of the competitors, particularly the deep-pocketed venture-[backed], ones that person raised tons of task capital, they're losing monolithic amounts of money."

"More than Uber ever lost, which was a batch and much than Amazon ever lost," helium added. "And truthful the pain rates are bigger than they've ever been successful the past of task capital. And yet they're going to privation to bring those in."

The archetypal harvest of tech net didn't precisely present connected each azygous beforehand I conscionable mentioned, though immoderate excelled.

I loved the much affectional Elon Musk connected the Tesla (TSLA) net call, loved that helium thinks we are entering an property of astonishing abundance, and appreciated that helium got bittersweet erstwhile talking astir scrapping the Model S and Model X to chopped costs and usage their respective mill lines to marque humanoid robots. Maybe the Cybertruck should beryllium adjacent — who doesn't hatred trying to parkland a car adjacent to 1 of those monsters?

So wherefore did investors similar the 4th (shares are up 2% connected Thursday arsenic of this writing), wherever full deliveries tanked 16% due to the fact that radical don’t privation electrical cars?

One, determination were signs passim the net telephone that Tesla is entering a play successful which robotaxis and humanoids volition beryllium cardinal contributors to the business. Two, Musk said Tesla needs to physique and run what helium is calling a “TeraFab” to manufacture semiconductors. This volition outgo billions, arsenic Intel (INTC) tin attest. But this is the benignant of bullish nugget that Tesla fans devour up, arsenic it shows Musk is all-in connected gathering a different, perchance much lucrative, Tesla successful the adjacent decade.

• Analyst blistery take: "There were aggregate vectors of advancement this 4th with robotaxi, optimus, energy, spot design, etc.; however, astatine this multiple, we spot sizeable occurrence crossed each these products already built into the stock, and stay astatine Market Perform," said William Blair expert Jed Dorsheimer.

Markets got different firm jargon-filled net telephone from the Microsoft (MSFT) team. It has astir reached the constituent wherever investors can’t recognize what Microsoft is adjacent moving on.