Silicon surge: Meta’s strategic spending on hardware development

Meta invests heavily in hardware infrastructure to support its extensive video content and AI workloads. We wrote about the scale of some of these investments in November last year in Meta – opportunity for contrarian long-term value investors. These investments are significant, and we expect Meta to spend around $36 billion in 2023 on R&D, … Continued

Intel investment thesis

Our investment thesis for Intel is based on 4 key points. Structural tailwinds that will provide long-term growth, Intel’s moat widening, new management with a track record for executing, and a valuation that provides a wide margin of safety. Structural tailwinds Devices The number of devices and volume of human-generated data has expanded exponentially over … Continued

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