저자: JimCramer · 외국인
요약 보기
메타 등 빅테크의 데이터센터 규제 논란 속에서 대형 클라우드(하이퍼스케일러)가 규제 비용을 감당하며 수혜를 입고, 소규모 개발사는 도태될 것이라는 주장. 메타의 아동 관련 소송 합의금 126억 달러는 주가에 비해 예상보다 낮아 저평가 근거로 제시. 이후 엔비디아는 실적 기대(FY27 순이익 약 99%, 매출 약 19% 성장)가 높으나 AI 인프라 사이클은 기업 수요 기반으로 지속될 것이라는 분석이 이어짐. 데이터센터 반발, 부채, 순환 투자 등은 리스크로 언급.
다듬은 글
Does this mean you need to sell your data center-related stocks ? You can be like us in the trust. I think you'll sell a little. You can't invest that much in this topic because the price/earnings ratios won't increase. And if the data center advocates lose in the upcoming elections, those who sell these stocks now will look like geniuses after the election.
But tell me, what about the money flowing into Procter&Gamble and Coca-Cola? Or United Health and Hinge Health? JP Morgan and Target? Will Apple, Samsung, Western Digital, Seagate, Micron and others be able to keep their groups afloat? The answer is yes, because it's not just these stocks . This list is as long as your arms.
Personally, I think everything related to healthcare works. Same with travel and vacation. People just want to get out of data centers, and these are convenient places to invest. But there is one saving factor, and it is very significant. Currently, the cost of building a data center is increasing because many companies are building them haphazardly, not just hyperscalers.
It's no coincidence, isn't it, that Amazon, Alphabet, Microsoft, and Meta stocks are rising despite skyrocketing costs. You see, they are the biggest beneficiaries because they can afford to offset the costs to local communities and build their server warehouses, while the speculative developers will be wiped out and they will be able to create this code of conduct again.
And if they weren't such fools, they would do it. If we get rid of small speculative developers, the crazy competition that has driven up prices for everything from land to construction, labor , electricity, and, of course, internal data center equipment will disappear. Like Nvidia, which reports on Wednesday and has been falling for seven days in a row.
I think it's mainly due to concerns about the slowdown in the development of data centers. The "Fantastic Four" are the winners. Okay, what about the " factory four"? Yes, that's probably better. I think they'll continue to win, as they did when people extrapolated the cost of building these data centers, right?
They always say, "Oh , more capital expenditure, more capital expenditure. Sell, sell, sell." This political pressure could be a real godsend for hyperscalers. Only some of us think so, but stocks are moving. So, the money won't just go to Johnson&Johnson. Have you seen this promotion? They will go to the real hyperscalers, who are currently being criticized.
They can comply with these new rules. Small players can't do it . A classic case where government regulation puts pressure on the small and supports the large. That's the point. This resistance to data centers could be a victory for tech giants. A true cynic would say they should support the new rules.
Clarity, a little money to each city, electricity subsidies, and clean water commitments would suit them just fine, helping their profits and crushing smaller players trying to make that, uh, $12.6 billion. Uh , it's 7%, we'll get paid now. It's funny, because the costs for lawyers are almost greater.
Sorry. What is the amount? Er, 12.6 billion. Is this for everyone? This...And this settles lawsuits with all the states? No, still...there's still Florida, because there's a lawsuit going on there , but this is a California case. This is a California case that was heard in court recently. We talked about this with Rob Bonta, the attorney general, I think, last week.
Two weeks...Two weeks of court hearings have passed. I thought the process for Meta was going poorly, but it looks like the states are ready to go to court. The states... This is a very important decision, because the states have unlimited resources, and the figure of $1.5 trillion was mentioned . I don't think anyone really expected more than 200 billion.
Uh, but this is important. Right now Meta... You know, people aren't really concerned about Meta stock, and I understand that. It was the worst performance of them all, but I would say it was a much better deal than anyone expected . There is a possibility that the amount could reach 18. Now TikTok is also involved in the case .
They have n't settled the case yet. YouTube has not yet settled the case. Uh , but spending 12.6 billion over a 10-year period—this...this... I mean, it's a trifle. Yes, although some prosecutors general said that the issue is not so much about the losses, but about the methods of compensating them.
Do we know anything about this? It's...well, within...It could affect maybe the Meta percentage because it has to do with how much time kids spend online, and kids don't spend a lot of time on Meta. They spend time on Instagram and Facebook. They spend more time on YouTube. They spend more time on TikTok.
So it will probably have a bigger impact on them. The fact that stocks are only up 3% is surprising because this is probably the biggest existential threat they face, and I don't think anyone expected 12.6. So, uh, some people thought that this So, it sounds like a large amount, although But over 10 compared to what they spend on capital investment , of course, not in one year, and as you rightly noted, over a 10- year period.
Reading the case files in court, the proposed settlement agreement , including the underlying settlement agreement, uh, is part of this decision. They say it's essentially fair and reasonable, uh, Jim. They continue to say that the compensation awarded is substantial and directly addresses the violations alleged by the plaintiffs.
They submitted a proposed decision by agreement of the parties. They say this will fully settle the state law and COPPA claims brought by the plaintiffs. Yes. Now, what I'm interested in is so that people can appreciate the scale: they have $10 billion in legal costs that they have to pay now. They have already reserved three, three billion for this.
Um , so the legal costs, when calculated in present value , are actually higher than what they owe the states. Wow, their lawyers will make $10 billion. Is that what you're trying to tell me? That's what I'm telling you. This is what this game is like. This is money for a Porsche. This, this is a lot of money.
Yes, that's a lot of money. But you know, look, the fact that it's capped, uh, and the maximum it could be is 18, but it's probably going to be 12.6 billion, uh, tells me, with the stock growing at 24, how undervalued the stock is. Because there was a chance that they would significantly change their work schedule, which would harm their business over time.
turning off at night, something like that. There was talk that this was Data Deletion. Right. I mean, you know, I didn't check the tables, but I heard that people were expecting 200 billion. And things are n't going very well for them in California. I meant there were people who used the trillion dollar figure, but stocks are undervalued.
I think stocks are undervalued because , first of all, they don't have a cloud. Yes. So they can't amortize it. Before we jump into today and learn, joining the channel sponsorship to get premium analytics and exclusive content. I also prepared an e-book about multibaggers using the five-factor model.
are very interesting discussions demonstrat: can the company sustain company's valuation and wondering whether Nvidia could expect a re-valuation if growth starts to slow. The expectations that are currently et profit increase of almos exactly is this growth coming from? is does not necessarily mean that the corporat out restrain who will create the most perfect model.
watching for several risks. One of them is the possibility of a backlash against the expansion of data centers. Another is the level of debt of companies financing large- parts of the industry while simultaneously supplying many base chips. In addition, there is open provide the calculations necessary for these models to work.
never ask questions. Agent AI can potentially perform a sequence of tasks. This means that workloads can become much more compute-PUs, the company is also expanding into the segment of CPUs specifically designed for AI workloads. So even moving to more CPU-heavy agent .
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