MSFT

jensenskawk

Bro i just realized i can’t tell the CEO of GOOGL or MSFT apart. Are they the same person?

Crazy_Donkies

MSFT up only a couple % is something to note as well.

Iunatic

META and MSFT are also lagging. Maybe next year if they can show how GPU CapEx is paying off.

iMakeGOODinvestmemts

i feel ya man. i just see $GOOGL on the 70% YTD $MSFT On 20% and this is like 10% in the last 2 YEARS! LAGGING SPY 5 YEARS :( soo yea

WorkSucks135

I wouldn't have said that about those companies back then. In fact MSFT and JPM would still have been 2 of the picks

nknk_3

loser stocks like META. GOOG ,MSFT holding back SPY

luv2block

Shit is overbought and overpriced, simple as that. Google is up 80% over the past 12 months. Not sure what people think, but unless you are Tesla you can't have that kind of price action without a pullback at some point. * Google: price to book: 10. * Netflix: 16 * Nvidia: 37 * MSFT: 10 * Baba: 2.5 * Bidu: 1.2 * JD.com: 1.2 * Xiaomi: 3.70 So ya, if money decides to rotate, there is way better value in Chinese tech stocks.

therossboss

im gonna need +5% on MAG7 minus TSLA. They can take the market cap from TSLA and put it on MSFT GOOG AMZN thatd be greaaaat

MountainTimeInvestor

In the long-run, I don't think you can really go wrong with either option as both are positioned to remain tech titans as we move forward in this AI-revolution. Meta is up slightly less YTD than MSFT, but I would buy both if you can (though these two companies likely account for the largest holdings in most broad-based ETF's). Another relatively safe idea I've pursued is PANW, as they are the 300-lb gorilla among pure-play vendors, bought Cyberark (leading identity security vendor) earlier this year and have a strong track record of execution. They seem to be well-positioned to capture cybersecurity demand in an AI world, where cyber remains top CEO priority. .

Mysterious_Sock_7085

Is drill team in room with us on MSFT?

LiviNG4them

Its hard to ever bet against MSFT. But OpenAI is spending money like they're one of the big boys without the revenue. When they pop, the market will too (I believe they're the catalyst the bears are looking for). How exposed is MSFT to OpenAI? If its a problem for MSFT, then I'd go with Meta. BTW: I own MSFT, not Meta. Sold meta years ago regretfully (so I wouldn't listen to me either)

Iunatic

MSFT and ASTS taking turns holding up my port

cow_grass

Why tf did MSFT start dropping on the nvidia news.

inthehill

My two cents... As for any public company, don't think about 5-10 years out, but rather invest in a great company with good earning and good growth potential. From there it works until it doesn't. Endless companies come and go in and out of favor and every tech stock has crashed at some point. Stick with your diversified ETF and if you think MSFT and/or META will out perform in the near term sure add them. I am someone who has held AAPL for over 20 years. I was 100% convicted to it over and over again so I held. But sold 90% this year because it was time for some more balance.

photocopy_ypoc

Fucking MSFT just put a fucking Copilot Clippy button in the bottom right corner of Excel and there is no obvious way to get it the hell out of there.

jauch888888

No sure, Wild take . They are behind open Ai... Calling MSFT “the worst long-term option” is crazy when they’re literally the backbone of enterprise software + cloud + AI infrastructure. Meta and Google are great, but acting like Microsoft is some dead weight just doesn’t match reality.

obb223

MSFT is I think the worst long term option. Meta is fairly safe. GOOG is going to absolutely kill it long term.

jauch888888

META looks cheap on forward P/E, but it’s still an ad-driven business. MSFT has steadier revenue, enterprise stickiness, and early AI monetization. Low P/E = best pick, not really sure, MSFT is the cleaner long-term compounder, META is the higher-beta bet.

jauch888888

This isn’t AI demand collapsing, it’s Microsoft tripping over its own Copilot maze. They have 12+ different “Copilot” versions, customers don’t know which one they need, and reps can’t hit targets when the product lineup is this confusing. This is just execution and complexity, not a drop in interest. Short-term noise, long-term still bullish for MSFT.

Impressive-Joke-3119

So did every Mag7 rotate into MSFT?

jauch888888

My long-term “hold through anything” picks are the ones with actual cash flow, pricing power, and moats, not lottery tickets. So for me it’s: GOOGL, MSFT, NVDA. If a stock can survive crashes, rewrites entire industries, and still print money, I’m fine holding it through volatility. If it can’t? Then it’s not a “hold no matter what” stock, it’s a trade.

WorldTraveler35

Why is MSFT up?

jauch888888

Interesting lists. Personally I keep it simple: most broad indexes already give me solid AI exposure through MSFT, NVDA, GOOGL, META, AMZN, etc. If I ever build an AI tilt, it’s only a small position in 1–2 names I understand well ,no need to own every company in the ecosystem.

cow_grass

Holy MSFT gives no fucks about the market drop. I needlessly sold my calls too early.

joyreneeblue

MSFT pumping, why?

Routine-District-588

Nvidia runing on gross profit of 80%, net margin of 50%, this can esaily be disrputed by AMD or GOOGL building decent enough chips to get nvidia margins down, maybe i'm wrong maybe nvidia will controls this market for ages, idk but its less likely. Also right now ai chips are booming there will be a slow down at a point so it is cylical.. I know about hedge funds actively using satellites to track tsmc production to see when this slow down will come. META? GOOGL? MSFT? what slow down will there be for them? maybe less ads or software demand but not a huge slow down.

cow_grass

Vary rare strength by MSFT today.

jauch888888

For a lifetime horizon, broad index funds almost always outperform savings accounts, metals, and most stock pickers. If you want to keep it simple: • 80–90% in a broad ETF (VOO/VTI) • 10–20% in a tech tilt if you enjoy it (AAPL, MSFT, NVDA). Long-term performance mostly comes from staying invested, not guessing sectors.

Expensive-Big-8725

MSFT going with AVGO chips over MRVL or something like that

kawkface

And just like that, $MSFT is back where it was before that bs news article

jpric155

MSFT turn to rally.

bb483

MSFT slow climb to 500

Nahres1

yeeeeess MSFT, moooore

CMDR_Shepard96

Are we going to have a red SPY & red Gold day again :( (MSFT def going to be red yet again)

Traditional_Honey108

Please tel MSFT

CaptainSt0nks

Within my portfolio MSFT has been getting assblasted by GOOG, RKLB and even AAPL. Nutella get your shit together.

pickle787

MSFT is so diversified and has all these sexy money generating categories. I dabbled in MSFT, meta, goog and TSLA. All have done well for me. I can’t get around lack of innovation in Amazon and Apple and Nvidia has what’s sexy today, not sure what will be sexy tomorrow…

RNGesusDoesntLoveMe

Bill Gates, the worlds former richest man on earth sold most of his MSFT shares. If he kept it he would be the first trillionaire. Insiders are not always correct.

greenpride32

The people downvoting you are the ones who hold AAPL but can't take criticism. I am also an AAPL shareholder, but I acknowledge they have had 3 straight FY of flat top and bottom lines. This will be the first FY in 4 years that will have any growth. I can also tell you that in past 5 years I also hold AMZN GOOGL MSFT NVDA META AVGO (the true Mag7) and AAPL is the only one I did not add to (aside from reinvesting dividends) in that time period because of (much) slower growth than all the others.

FollowingAway9452

Honestly agree that META is the cleanest value play of the bunch right now. The market basically punished them for Reality Labs spending for two years straight, and now Zuck is doing the classic “year of efficiency” sequel where they cut costs and still grow revenue double digits. If they actually add approx $2 EPS from lower metaverse burn, the forward multiple you posted becomes even more attractive. GOOGL and MSFT are great, but they don’t have the same combination of margin expansion + buybacks + EPS growth that META has lined up. And NVIDIA’s forward P/E only looks low because analysts keep revising numbers up every quarter. It's the most sentiment sensitive name of the group. META feels like the only one where expectations aren’t already priced for perfection.

jaajaajaa6

I would say meta and MSFT with the recent sell off.

Whythehellnot_wecan

In at $632 and happy with that. Didn’t sweat the $580’s too much. Same with $MSFT at $480. Could they go down, sure. Have we already reached forever all time highs, very doubtful. Missed $GOOG bad this year so gonna chill on these two.

Iunatic

I sold 1/2 of my ASTS I bought on the dip two weeks ago and bought MSFT. How regarded am I

AIONisMINE

i have been keeping an eye on MSFT lately. and have been selling puts on it. i have been interested in meta but lost interest once they shot back up (I think after their slight dip, it went back up \~\~14ish%?) so i changed focus to msft. in general, i dont think PE comparison to each other really means much in this day and age for massive companys. They touch to much aspects of various things that its not really a close comparison. an obvious one would be AMZN, AAPL, NVDA. are they related in some ways? yes of course without a doubt. But they are also so vastly different from each other. So i dont put alot of weight in P/E as long as its not something crazy. that said, as i said before, i think MSFT had been having a panic drop by investors due to various reasons or another. and i think MSFT is poised to atleast regain its recent drop.

Emergency-Quiet3210

Thoughts on MSFT puts or adjusting Bury’s thesis to $SMH ETF?

Iunatic

Probably calls on MSFT

No-Block-2095

Embrace, extend, and extinguish MSFT ‘s practice was well described by DoJ. Also if you can’t beat them, buy them.

Charming_Raccoon4361

either GOOG or MSFT

moldyjellybean

But everyone is so f stupid. They know these people hate us, we hate them and the only vote that matters is with their $. The thing that gives them power and control is $. But here we are we stupid f buying teslas, using amazon prime, every cloud service, every admin I know would rather pay amazon and MSFT a monthly fee to own nothing when on prem is the way cheaper solution. Talk is real f cheap you want to see Elon knocked down a peg, stop buying Teslas, bezos stop using aws, using prime and watch prime. Stop using subscription services, fix your stuff, save money, save landfills and the earth, lessen their power.

DarioMMN

I’m less focused on which name becomes “the next big one” and more on *how* money rotates between them. Whether it’s META, AMZN, GOOG or MSFT, the play for me is always the same: wait for clear structure+imbalance, then execute. The ticker is just the vehicle.

Sanpaku

Only 2 of the Mag 7 were market leaders in 2010, only 1 in 2000, and all were negligible in 1990 and earlier. Leadership rotates. History hasn't stopped. Right now, it assumes a tech-led consumer cornucopia will last indefinitely. At a time when users of all their services recognize 'enshittification' has set in.\* We could have $150/bbl oil in 2030, and little discretionary income for tech status tokens. Then it'll be Saudi Aramco, XOM, CVX, PetroChina, Shell, COP..., and the current Mag7 stuck with depreciation from their data center malinvestments. \* Some consumer relationships, like OS or social network are stickier than past ones like mobile phone network or car brand preference. But as most sites become worse with every passing year, there will be more consumers like me. From the Mag 7, I've had zero engagement with TSLA products, left all META platforms in 2017, am content with a 9 year old iPhone (purchased used), 6 year old MSFT OS license and 6 year old NVDA GPU, avoid AMZN shopping when possible, and pay GOOGL $15 a year for storage. Meanwhile I use DuckDuckGo for search and LibreOffice for documents, while ad-blocking everywhere. They're not trillion dollar companies on account of consumers like me. Few non-US nations are happy with US social media sites, and I think we'll see some local-protectionism/mercantilism there. 47 gave them licence. TSLA is is a 150 B car company with $1350 B of empty promises. Even if LLM logorrhea is more than a fad, NVDA is screwed if alternatives like Trainium and Ironwood prove more efficient than GPUs. I think MSFTs lock on PC OS and APPLs lock on prestige mobile OS are a bit stronger, but as hardware asymptotically approaches physical limits, were going to see longer upgrade cycles. *All* of these can fall out of the top ten.

Worried_Quarter469

MSFT, META, AMZN are about 20% off peak ORCL, CRWV, etc are 40% off peak etc

InsuranceAlert2168

I'd sell covered calls IBIT, APPL, or MSFT. do this consistantly to receive residual income (10-18%) are my estimates. I would expect IBIT to pop off around Q2 2026 when BTC pumps with trump stimmys. So depends on how active you want to be trading. You want to be fucking rich with no hastle? Buy btc and hold the fucker like your new born baby till it hits close to 165,000. Not financial advice. Just thoughts of a market I'm no longer invested in.

Life_is_too_short_

Sell everything on January 5, at 12 noon. Wait for the market to correct after MSFT reports. (Not related to MSFT earnings) just the usual sell off time approximate.

Leroy--Brown

I placed my bets on MSFT and GOOG I'm sure AMZN and others will do well too.

Sufficient-Curve-853

I've said this before but to me it is very obvious and yet many folks take the counter argument. AI will be just like the typewriter-->PC and PC-->cloud computing. AMZN, GOOGL & MSFT will see incredible revenue growth over the next decade. Say you are the CEO of a midcap bank or smallcap freight company and don't want to watch competitors do the same business you do better and cheaper...Obviously you are going to sign up with those hyperscalers in the same way you did for cloud compute. No company survivces today with really smart people and typewriters. It will be the same with AI. More compute = more competitive business. This has always been true and I don't see anything that changes it. Show me a company with the best revenue growth in 2025 that uses typerwriters.

Icommandyou

AAPL GOOG MSFT META should actually just merge and create a whole new country

thatdudejubei

LOL having both VOO and VGT is not diversified at all. You probably have let's say around 30% of your portfolio in three stocks. Nvidia, MSFT, and Apple.

_hiddenscout

I'm a little biased towards Amazon. I used to work there, so not the biggest fan. If i could just invest in AWS, I would. Not the biggest fan of the retail side of things. My biggest fear with the company is that they always tend to re-invest to keep growing. Not that's a terrible thing, but some times it feels like growth is the biggest thing. Out of the biggest tech names, they tend to have the worst ROIC. Even at these levels, like Google still have a lower PEG than META. Think I would rather go after MSFT at the current valuation compared to META or Amazon.

ChucktheDuckRecruits

I think he’s a maniac, but let me ask you this: of his predicted new Mag7 of 2030, do you disagree with his list? : TSLA, NVDA, MSFT, META, PLTR, MSTR, ASML

Resident-Tumbleweed9

How come all the stocks like NVDA, MSFT, META, AMZN all like 10+ percent away from their ATHs yet we almost made an ATH on SPY today.

Cool_Two906

MSFT, GOOG, AMZN and META bonds are not junk. All have fortress balance sheets.

Cotton_Square

SPX is cash settled and ultimately doesn't have a claim against any equity (you can't take a certificate for 1x SPX and convert it into NVDA, MSFT and so on). SPY is an ETF that actually does own the underlying shares. However of course the two should be mostly (> 99%) correlated.

iMakeGOODinvestmemts

$AMZN has to be one of the worst stocks to own. It's under-performed 2x over the last 5 years. The stocks suck. Management does not care about investors. It's business is so low margin other then AWS and its getting eaten alive by AZURE/GCP. they need an entire restructure of the company. Decrease debt, stop the billions in interest payment, focus on new avenues for revenue growth and scale up AI/INFRA... then bring 30-40b buybacks to offset all the insane dilution they have. That's the only way for this company to move. $META $MSFT will outperform $amzn big time here!!! DO SOMETHING

Perfect_Painter_7863

CVNA puts Monday open. Also MSFT is looking like a solid buy

Stockengineer

Peter Lynch style investing isn't wrong. Look at NFLX, NVDA, or TSLA, AMD, META, MSFT etc if you bought the stuff your peers were using... you'd be up lots.

Iunatic

They are. You can bet on equities/commodities reaching or dropping below a price, whether MSFT will surpass NVDA by March, etc.

InvestingPrime

MSFT, Back in 1998 my uncle started giving me $100 every Christmas to invest into MSFT stock. He worked at Gateway and said MSFT would be around a while. He just buys me 1 share now. We joke about how expensive my Christmas gifts are getting for a him considering he's in his 70's now.

Iunatic

MSFT announcing bankruptcy?

I_like_code

I do VTI and VOO in retirement accounts. In my Taxable account I have MSFT, NVDA, SCHG, and I sell options. I suppose Msft and NVDA are solid choices though. Volatility is rough on some days. I’ll move over to something that gives me more peace of mind at the end of 2026.

Dennyj1992

A few things wrong with picking stocks, not to mention likely more. 1. You have to be right twice. Buy low, sell high. 2. When you sell, you pay taxes. Not really the goal here. We want to avoid taxes (IE Roth IRA). Index funds? Buy and hold. They are your life's journey. At retirement, follow a SWR and never run out. 3. As mentioned above, you have a 50/50 shot at being right just within the next 10 years. After that? Your odds get worse. 4. Sectors rotate. This means stocks rotate. Which sector is next? Nvidia, Google, Apple, MSFT and the likes won't be on top forever, and we don't know how long. Brings me to my next point. 5. You have to REALLY gamble. Like, as in, be right early on. Pick a stock when it's worth nothing and then hold (through volatility) to crazy highs. How confident are you in that? Could make you millions if you ARE right. 6. People aren't as confident as they think. This is why less than 1% of all BTC holders are still holding from under $10. The rest are likely dead or locked out. Too many overestimate their risk tolerance and sell when things get even mildly shaky. Crypto is ultra gambling for the next generation. It's uncompensated risk and is always the same premise, just a new spin on it. 2005-2006 it was house flipping. That was the "get rich quick" fad. 7. Constant overview. Fundamentals change, new CEO, PL sheets, e.c t. This takes your active time and many of your life hours away to study and find the next new stocks. Good luck matching Warren Buffet, who gave his entire life to the study of company fundamentals, yet prefers his wife to own an index fund. 8. This one's the biggest IMO. Consolidation. Remember the MASSIVE gains from Dogecoin a few years back? Just like a single stock, something can trade sideways (or come back down) for years and guess what happens? The index fund investors keeps DCAing, every single paycheck and slowly passes that other player all along. They stay consistent. There are more reasons, but if you said you are fine to any and all of these, have at it. Good luck and best to you.

KittyLover-7

Microsoft $MSFT is reportedly talking with Broadcom $AVGO about co-designing chips for its data centers, potentially shifting that business away from Marvell $MRVL (per The Information, citing one person involved) Is this shit tabloid still at it

GomaN1717

What an absolute braindead take lol. You can invest in individual equities without "gambling." I have a dedicated 401k targeting ETFs through a target retirement age, but also have an individual portfolio that's 50% ETFs and 50% individual equities since I can assume more risk at my age. Investing in strong and tested companies such as GOOG, MSFT, and AMZN is *not* gambling lmao.

InvestigatorPlus3229

i dont like how MSFT is supposed to be stable but its fate is yoked to Sam Altman who is totally NOT stable

hermeskino715

Fuck you so much MSFT. Would've broke even on my calls today

ac75tr

MSFT

iMakeGOODinvestmemts

$META > $MSFT + $AMZN Never cuck the zuck. Jassy sucks balls and sundar made satya dance.

Satoshinakamoto99

April, 2025 Bought 300k worth of NVDA, GOOGL, MSFT, AMZN, SPY, QQQ November 2025 Sold all my GOOGL($53k gain), most of NVDA(28k gain with 10k left unrealized), AMZN(13k gain), MSFT(16k gain), and QQQ(12k gain). Roughly $122k realized gains and I paid about 24k in estimated taxes I am still holding SPY, NVDA, AAPL, MSFT, and AMZN (roughly 250k total). I have a lot of cash that I will continue to DCA slowly into SPY and drop larger amounts into individual stocks above when they dip 10% or more

LostAbbott

It was likely an effort to get more information about "conflict revenue".  There have recently been a few high profile protests about Microsoft's involvement with the IDF and how much revenue is derived from that.  If those people are able to expand their issue and force companies to figure out earnings from conflict it could cause a lot of problems.  Basically it comes down to the questions of where and how.  Where is MSFT making money in terms of conflicts?  Are they like AT&T?  Bad guys make phone calls for bad stuff and AT&T makes money, or are they more involved?  MSFT provides support for IDF finding and killing suspected terrorists.  How is MSFT making money?  Is it a simple pass through?  IDF uses Outlook, Office, Azure?  Or are there specific product use cases for military aggression?

greenpride32

The key is to buy companies that have a dominant position in some area, keep track of both their industry and their financials to ensure top/bottom line growth exists and/or some form of share holder return - buybucks, increased distributions. When those factors are no longer present that's when you sell. If you look at MSFT AMZN GOOGL AAPL MA V - why do they go up over time? Because top and bottom lines are all growing consistently over time. By same token you have stocks that swing form profit to loss, that toggle from rising to decling sales/profit and they do not outperform the index. So why sell the former when the ship is heading in the right direction? The answer is you don't. I don't recall if it was Buffet or Lynch who said sometimes the best stock to buy is the one you already own - they are saying the same thing - when the going is good, you don't get out. I had NFLX stock for close to 10 years. It has gone from under $100 (pre split numbers) to $600, down to under $200, back up to $1000. They are growing the important financial metrics year after year - I don't care what the share price noise was - I care how the company itself is doing. I can say same for AMZN MSFT NVDA stock. I held AAPL during financial crisis and it went down over 50%. Does that mean the iPhone went bust? Of course not, the markets were crashing and it was a macro issue. So it's your fault, and yours alone if you can't hold onto a stock for a long period of time.

Old-Information5623

As a shareholder and investor in MSFT I fully support these measures. If you don't like them don't invest in Microsoft or use their products. Microsoft has announced a significant increase in the prices of its commercial Microsoft 365 and Office 365 suites, effective July 1, 2026. As a shareholder and investor in MSFT I fully support these measures. Get on the train or get off the tracks!!!!!!!!!

Prudent-Corgi3793

A reminder that MSTR was trading well over 400 last year when Saylor tried to Microsoft shareholders with a proposal to buy Bitcoin, which was rejected by nearly 99% of MSFT voters

Crazy_Donkies

Yup. Future growth is baked in. Sold MSFT this week. I'm in next tier down. MU, AVGO, AMD, SMCI, MRVL

DarthWaq

I got out, I should exit MSFT too

kra73ace

I'm holding my MSFT, that's all I know

greenpride32

The math says you could maximize your profit by buying at every low point, selling at every subsequent high point and then rinsing and repeating. But the math also says the odds of you be right on the up and down each and every time is about slim to none. Meanwhile I could have just held MSFT stock for 25 years and it's up 19x (without dividends).

chuckroastvalue

tell that to the market. as someone who has been watching NBIS every day since January, I think the MSFT problems are affecting NBIS (based on comparatively how other AI DCs have been performing recently)

greenpride32

Key word there is "IF". Where exactly is the solar and wind energey coming from? Just because the resource exists, it cannot be used without extraction. In the state of WI, both MSFT and OpenAI are constructing new datacenters. The draw from just those 2 datacenters alone is projected to be (far) more than the total of all household consumption in the entire state of nearly 6m people. Is there a solar/wind infrastructure that exists to support that? MSFT is supplementing their energery with solar (which are projects to be built), as I said it does have a place. But it is not sufficient for all needs and they are also parterning with a local energy provider.

Suitable_Air_2686

That was a whole different ball game. Activision is a video game maker and MSFT doesn’t compete in making video games but in making consoles.

chuckroastvalue

ya plus its biggest customer is MSFT, which just announced this week its demand for AI is lower than projected.

an_erotic_walrus

Second worst day of the year, realized $3.5k loss. MSFT gaped my butt. Need to try harder next time since my record is $9k.

0dtez

NVDA has room to pump AAPL has room to pump MSFT has room to pump I ain’t touching puts

ThouOne

Yeah I was planning to buy it when it was in its 60s pre-MSFT but didn’t have liquidity. Even at $100, I was up 40% at some time lol. But with dilution, it seems the stock is having a hard time going up.

zjaouad17

For long term investments, I would suggest to look at the growth potential. First identify the moat of each company: its edge over the competition and edge over the market. Don't jump into the AI bandwagon right away, but try to understand what are the underlying players in this AI race/game. For example, Google, NVDA, MSFT, look at how they respond to this AI shift, what are they doing to get an edge over the competition and what are they doing to be the winners. Another thing I would add: if you think this AI race is a bubble (which I do think it is), and is comparable to the internet crash, look at the winners of the internet crash (aka AMZN), what did they do to win and stay on top.

mustachechap

I bought MSFT a few days ago, how'd I do?

Resident_Area_1474

please help me choose, MSFT or CRWV for 0dte?

Resident_Area_1474

MSFT OT CRWV for 0dte?

HeightSea5673

keep in mind TSLA, AMZN, META, MSFT, NVDA hasn't reach ATH, they still can push QQQ to ATH before the double top forms. keep buying till christmas rally is over

TypeBusiness1076

MSFT upping 360 subscription price

Prudent-Corgi3793

I still like NVDA (more underpriced) and GOOG (less uncertainty), while recently adding to META, MSFT, and AMZN during this recent pullback. I'm not expecting a home run like GOOG was last year, since nothing (except for META) is really substantially undervalued. This is risky since all these stocks are tech-adjacent, but there really isn't any value to be found elsewhere in the rest of the US market. Counterbalance that with an international portfolio in case the AI boom cycle dies.