We're a few days out here, but I don't agree that a FAANG company will come out of AI, and I think this is a fundamental error to think there will be.
FAANG is rare/hard. It feels like, we've forgotten there's this whole giant middle of like normal companies. Oracle, Cisco, all the consulting companies. Boring companies with "only" a $500B market cap. I don't think any of the AI companies will synergize the like magic set of ingredients you need to be FAANG, and that's the point, they've grown so fast they "have" to to payback investors.
But it's weird that we call them a failure if they don't hit this utopian ideal that only a few companies in history have ever hit.
FAANG is rare/hard. It feels like, we've forgotten there's this whole giant middle of like normal companies. Oracle, Cisco, all the consulting companies. Boring companies with "only" a $500B market cap. I don't think any of the AI companies will synergize the like magic set of ingredients you need to be FAANG, and that's the point, they've grown so fast they "have" to to payback investors.
But it's weird that we call them a failure if they don't hit this utopian ideal that only a few companies in history have ever hit.