Whalesbook
Market Mein Aaya Toofan!
Aaj share market mein kaafi badi girawat dekhne ko mili hai, aur yeh sirf tech stocks tak seemit nahi hai, balki lagbhag sabhi jagah prices neeche aayi hain. Iska ek bada reason hai economy ke kharab numbers aur software and AI sector mein valuations ko lekar badhti chinta. Lagta hai AI ki race mein paisa lagane ka asar ab sabse bade tech players par bhi dikhne laga hai.
Tech Giants Bhi Nahi Bache!
Amazon Ka Spending Ka Chakkar: Amazon ke shares mein badi girawat aayi. Sirf earnings miss hone ki wajah se nahi, balki $200 billion ka naya spending plan announce karne ke baad toh jaise sabko jhatka laga. Saath mein, stock 6.05% saal-dar-saal aur 7.67% hafte-dar-hafte neeche aaya hai. Unka P/E ratio ~32.9 hai, par market ne is bade kharche par sawal uthaya hai. Aur bhai, unka AWS cloud bhi pehle jitni tezi se nahi badh raha, jahan Microsoft Azure aur Google Cloud aage nikal rahe hain.
Microsoft Par Bhi Pressure: Microsoft ne earnings aur revenue ke numbers toh acche diye, par phir bhi stock gir gaya. Q2 earnings ke baad se lagbhag 14% neeche aa gaya hai. Wajah hai Azure cloud growth ka thoda slow hona aur AI par heavy investment se margins par padta pressure, jo 68% tak aa gaye hain. ~$3.05 trillion market cap aur ~25.7 P/E ke saath, stock pichhle 3 saal ke valuation lows par trade kar raha hai.
Nvidia Ka Bhi Number Gira: Nvidia, jo AI chips ka leader hai, woh bhi iss hafte gire hain. Unka P/E ~42.7 hai, jo kaafi high hai. Sunne mein aa raha hai ki OpenAI ke saath unki badi deal atak gayi hai aur China mein bhi H200 chips ki sales par US security review ki wajah se rok lag gayi hai. Nvidia ne gaming graphics card chhod kar data center products par focus kiya hai, par supply chain ki problem toh hai hi.
Economy Ke Numbers Aur AI Ka Danger
Macroeconomic Headwinds: Economy ke numbers bhi theek nahi hain. December mein US job openings 2020 ke baad sabse kam ho gaye, aur January mein toh 2009 ke baad sabse zyada job cuts hue. Jobless claims bhi badhe hain. Isiliye USD Index 98 ke aas-paas aa gaya hai aur 2-year treasury yields bhi gir rahe hain. Is risk-off sentiment mein, silver aur Bitcoin bhi 50% tak neeche aa gaye hain apne October 2025 ke peak se. Software stocks wale ETF (iShares Expanded Tech-Software ETF) bhi 5% gir gaya.
AI Ka Double-Edged Sword: Ek nayi AI model launch hui hai jo financial aur legal services mein disruption la sakti hai. Isse Microsoft, Salesforce jaise software stocks par bhi dar baitha hai ki kahin unke business models purane na ho jayein. Alphabet $175-$185 billion AI mein kharch kar raha hai, jo Nvidia jaise companies ke liye achha hai, par sabke liye yeh 'AI arms race' profit margins par pressure daal rahi hai.
Aage Kya?
Ab sabki nazar isi baat par rahegi ki yeh AI mein paisa lagana companies ke profit ko kaise affect karta hai. Dekhna hoga ki Amazon aur Microsoft kaise apne investments ko sustainable growth mein badalte hain. Nvidia ko geopolitical tension ke beech apni leadership maintain karni hogi. Aur haan, hawa mein U.S.-Iran talks aur aane wale jobs reports bhi volatility badha sakte hain.