Investors / stance tracking
What Gil Luria is saying
FollowFollowingUnfollowManaging Director and Head of Technology Research, D.A. Davidson
12 dated public stances tracked since 2026-10-14, most recently 2026-11-02. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.
The stances below are c8alpha's editorial distillation of Gil Luria's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Gil Luria is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
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12
tracked stances
6
themes
0
side flips
2026-11-02
last heard
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|---|---|---|---|
| Ai Infra | 1 | 1 bullish | 2026-10-22 | |
| COREWEAVE / NEO-CLOUD STOCKS | 1 | 1 bearish | 2026-10-21 | |
| CRWV | 1 | 1 bearish | 2026-10-14 | |
| MU | 1 | 1 bullish | 2026-10-14 | |
| NVDA | 1 | 1 bullish | 2026-10-14 | |
| ORCL | 1 | 1 bullish | 2026-10-22 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2026-11-02
long MSFT / short CRWV
pair
Bloomberg TV (uncut) · uncut_tv
Hyperscalers Microsoft, Amazon, and Google generate strong returns on AI capex at low cost of capital and will sustain the build-out, while neo-cloud infrastructure players like Core Weave generate poor returns at high cost of capital and face a capital…
“Microsoft, Amazon, Google, generating good returns at a low cost of capital. That should keep going. Core Weave, generating terrible returns, high cost of capital. We should stop doing that.”
Bloomberg TV uncut 2026-11-02 08:00 ET (30 min)
2026-10-28
long MSFT / long AMZN / long GOOGL
basket
CNBC (uncut) · uncut_tv
Microsoft, Amazon, and Alphabet are attractively valued at 21–23 times next year's earnings as AI-driven revenue accelerates and margins stabilize or improve, with Microsoft slightly preferred because of its OpenAI exposure, free-cash-flow generation, and…
“The slight preference to Microsoft is that, as it happens in Q3, OpenAI gains share from Anthropic.”
CNBC uncut 2026-10-28 11:54 ET (5 min)
Oracle can fund a profitable, higher-return data-center buildout using the substantial cash flow and roughly 50% margins from its software business.
“They're actually building a profitable data center business”
CNBC uncut 2026-10-22 13:07 ET (5 min)
2026-10-22
Ai Infra
bullish
CNBC (uncut) · uncut_tv
AI adoption and spending are accelerating, with customers willing to pay more and likely to increase spending next year.
“We're likely going to spend a lot more on AI next year”
CNBC uncut 2026-10-22 13:07 ET (5 min)
2026-10-21
long AMZN / long MSFT / long GOOGL
basket
Bloomberg TV (uncut) · uncut_tv
If political headwinds constrain new data center construction, hyperscalers with the largest existing installed base capture displaced compute demand and see their assets appreciate as customers are forced onto their platforms
“Amazon, Microsoft, Google have the largest installed base of data centers... they'd be the winners”
Bloomberg TV uncut 2026-10-21 06:30 ET (30 min)
2026-10-21
COREWEAVE / NEO-CLOUD STOCKS
bearish
Bloomberg TV (uncut) · uncut_tv
Neo-clouds generate 1% returns on net PP&E while borrowing at 9%+ and rising — a structurally negative spread — and face a finite demand window as hyperscalers build out their own data center capacity, making many of these debt-dependent companies unlikely to…
“this company has never generated more than a 5% return... they're borrowing at a 9% return and that's going up”
Bloomberg TV uncut 2026-10-21 06:30 ET (30 min)
2026-10-19
long MSFT / long AMZN / long GOOGL / long NVDA (+2 legs)
basket
CNBC (uncut) · wrong_show
Token consumption and AI spending continue accelerating regardless of which model wins, so own the cloud providers and chip suppliers capturing the largest profit pools at or below market multiples rather than speculative model companies
“That's why I mentioned Microsoft Amazon Google, Nvidia Broadcom Micron — those are the companies that will capture the profit pools”
CNBC live 2026-10-19 06:29–07:09 ET (recorded in error as Morning Call)
2026-10-19
long MSFT / long AMZN / long GOOGL
basket
CNBC (uncut) · uncut_tv
Hyperscalers capture the largest AI profit pools by selling compute regardless of which model wins the race, and currently trade at or below market multiples
“That's good for your Microsoft, your Amazon and Google, because they're going to be the ones serving it”
Squawk Box — 2026-10-19 (CNBC, full episode, ads cut)
2026-10-19
long NVDA / long AVGO / long MU
basket
CNBC (uncut) · uncut_tv
Chipmakers benefit from hyperscaler AI capex regardless of which model or cloud vendor wins; all trade near or below market multiples while capturing durable profit pools
“they're going to be buying chips, primarily from Nvidia, Broadcom, Micron”
Squawk Box — 2026-10-19 (CNBC, full episode, ads cut)
Nvidia trades at a discount to the broader market despite growing revenue at nearly double the market rate and projecting 70% growth next year, with the AI infrastructure buildout cycle expected to sustain through at least 2030 as demand remains structurally…
“Nvidia's valuation is trading at a discount to the market”
Open Interest 10/14/2026
Said again: 2026-11-02 (Bloomberg TV (uncut))
CoreWeave borrows at 9% to fund increasingly commoditized data center capacity outside hyperscalers, structurally destroying value at every unit of scale since achievable returns fall well below borrowing costs, and has now exhausted its debt capacity forcing…
“if CoreWeave is borrowing at 9% and the best return they can get off that is 5%... they are destroying value at every turn”
Open Interest 10/14/2026
Said again: 2026-10-22 (CNBC (uncut))
Memory stocks trade at only 5-6x earnings — one-third the market multiple — as if the AI buildout cycle is already over, yet the same capex wave lifting optical and other semi companies will drive memory demand through 2030
“memory stocks like Micron and SK Hynix trading at one third of the market, five or six times earnings”
Open Interest 10/14/2026
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