The problem, as always, is timing. And certifications. The FAA is… thorough. Let’s just say that. And then there’s Joby Aviation (JOBY +1.47%). They seem to be…further along. It’s like being in a race where someone else has already started the warm-up laps. And Joby has Stellantis backing them. Stellantis! That’s like having a really rich, supportive aunt. Archer, meanwhile, is…slightly more on its own.
The popular narrative whispers of safety in these short durations, a haven for cash awaiting deployment. A parking place, they call it. But capital, like water, seeks its own level, and even a shallow pool reflects the sky. To believe these funds are interchangeable is to misunderstand the subtle currents that govern the financial landscape. They are both, undeniably, attempts to defy the inevitable entropy of time, to preserve a fragment of value in a world consumed by change.
The question, naturally, is whether this presents a buying opportunity. A chance to swoop in and acquire shares at a rather reduced rate? One approaches such matters with a certain degree of caution, you understand. A healthy skepticism is a most valuable asset in the financial jungle.
They announced their quarterly earnings, which, on paper, were…fine. Actually, better than fine. Net sales up to $3.19 billion – a good jump from the $2 billion-ish of the previous year. And net income, not adhering to those terribly strict GAAP rules (because who really understands those?), was up too – over $132 million. I mean, it’s not like they’re losing money. It’s just…the market seems to have a very particular idea of what “good” looks like these days.
The parallels are not merely superficial. Both eras share a common thread: the belief in a technology that will fundamentally alter the fabric of existence. The internet, in its time, offered a vision of interconnectedness and access to knowledge previously unimaginable. Now, artificial intelligence promises to liberate us from the drudgery of labor and unlock new frontiers of creativity. But the human heart, prone to both hope and delusion, often fails to discern between genuine progress and fleeting fancy. The wise investor, therefore, seeks not to ride the crest of the wave, but to anchor himself to something… more enduring.
The cause of this little stir? A gentleman by the name of Daniel Loeb, head of a hedge fund called Third Point. A fellow who, it seems, doesn’t shy from voicing his opinions. He sent a letter to CoStar’s board of directors, a missive filled with suggestions – or, as some might call them, demands – for change. A polite request for a new course, delivered with the force of a Mississippi steamboat.
Meta, however, is taking a different tack. A rather sly one, if you ask me. They’ve found a way to make this AI business actually earn money. Meta Advantage+ is what they’re calling it. Sounds innocent enough, doesn’t it? It’s all about showing people advertisements. But not just any advertisements. The right advertisements. The ones that make you reach for your wallet before you even realise you’re doing it.
It seems Nvidia, that maker of shiny little chips that dream up artificial intelligence, decided to throw some money at CoreWeave, a cloud operation that Applied Digital happens to know. A lot of money. Two billion dollars, actually. That’s enough to buy a small country, or at least a very large data center.
The question, of course, is not whether a shift in narrative has occurred – the evidence is, regrettably, quite conclusive – but whether this narrative justifies, or even permits, a present investment. To proceed without a thorough accounting of the possible outcomes would be, one might say, a dereliction of duty. And yet, the very act of accounting feels increasingly…circular.
This company, valued at over fifty-two billion, stands as a peculiar giant amongst its peers. Electronic Arts, Take-Two—they are established fields, yielding predictable harvests. Roblox is different. It’s a seed dropped in what some would call barren ground, a digital dustbowl where fortunes are built and lost on the whims of youthful fancy. It’s a gamble, certainly, but one with a peculiar logic all its own.