Roberto Chamorro gilaberte @robchamow: "Well, it seems that time..."

Spain

Well, it seems that time is putting things back into perspective. I publicly defended the idea that there was a major disconnect in the market. On one hand, AI-related companies were being punished because many investors believed all that investment would never generate meaningful returns. On the other hand, many software companies were also being punished because the narrative was that AI would destroy their competitive advantages or severely damage their businesses. My view was exactly the opposite. 📝Blog 👇open.substack.com/pub/robertochamorrogilaberte The companies themselves were explaining in their earnings calls that AI could become a massive productivity tool, improve products, increase value for customers and, in many cases, make their businesses even stronger. Because of that fear, we were able to buy some of the best businesses in the world at very attractive valuations. I shared this view publicly here and in my blog, where I published articles and reflections on the topic. Of course, I can be wrong, but so far the thesis seems to be playing out quite well. I’m very happy with how things are evolving. We still have significant exposure to high-quality businesses that I believe remain undervalued. We continue to see substantial upside potential, and in my opinion this remains a good time to add copies and increase positions. Roberto Chamorro $ADBE (Adobe Systems Inc) $MSFT (Microsoft) $UBER (Uber Technologies Inc.) $META (Meta Platforms Inc) $NSDQ100

Not investment advice. The author may have financial interests in the mentioned instruments.