The price of ZM is already saturated.
There are much more profitable trades available with a lower risk profile.
Jakobovski
Maybe it’s wishful thinking but I think the stagnation is temporary. I think there is reason to believe that progress can come in waves. Scientific advancements of the early 1900s led to much of the technological advancements of pre and post war era. So to, I think it reasonable that computation advancements of the last 30 or so years will lead to a number of interesting advancements:
I think it is reasonable to assume that many of the items from the list below will happen in the next 10 to 20 years.
Self driving cars
2.5x batteries
electric cars
electric airplanes
independence from fossil fuels
Genetic engineering revolution (crispr, mRNA vaccines etc..)
Large advances in AI possibly AGI.
Fusion ?
If/when we hit AGI there will be a huge wave of progress.
EY’s post was mostly an April fools joke
What are your thoughts on ASML, TSMC, INTEL and other semiconductor fabs + suppliers? It seems to me that the demand for compute will skyrocket and the companies that manufacture processors (TSMC, Samsung, Intel) and the companies that make tools to make processors (ASML , ??) will expand by orders of magnitude. I think it’s a safer bet than Google, MSFT as there are no real competitors and not enough time for competitors to appear.