Investors / stance tracking
What Ted Mortonson is saying
FollowFollowingUnfollowTechnology desk strategist, Baird
8 dated public stances tracked since 2026-09-24, most recently 2026-10-23. 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 Ted Mortonson'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. Ted Mortonson is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
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8
tracked stances
6
themes
0
side flips
2026-10-23
last heard
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|---|---|---|---|
| AAPL | 1 | 1 bullish | 2026-10-14 | |
| CASH | 1 | 1 bullish | 2026-10-23 | |
| CRWD | 1 | 1 bullish | 2026-10-23 | |
| CRWV | 1 | 1 bearish | 2026-10-15 | |
| GOOGL | 1 | 1 bullish | 2026-10-15 | |
| MSFT | 1 | 1 bullish | 2026-10-15 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
As AI infrastructure capex transitions from self-funded to debt-funded, only mega-cap tech companies with strong internal free cash flow — Microsoft cited at $19B last quarter — can sustain investment without equity dilution or spread widening risk, making…
“Look at Microsoft's free cash flow. Last quarter was 19 billion. I think that's really important to investors.”
Bloomberg TV uncut 2026-10-23 08:00 ET (30 min)
Agentic AI has been deployed faster than security solutions can contain it, creating escalating enterprise demand for AI-native cybersecurity; CrowdStrike's premium valuation is justified and sustainable given it represents a necessary new approach to…
“Agenic has happened so quickly that there's a reason why CrowdStrike trades where it trades on AI-based security”
Bloomberg TV uncut 2026-10-23 08:00 ET (30 min)
Said again: 2026-10-23 (Liz Ann Sonders (newest))
Google raised $85B in equity before the issuance window closed and now sits on exceptional liquidity, putting it in the 'catbird seat' while leveraged AI competitors face credit stress.
“They got through the window. They're sitting on a lot of liquidity. They're in great shape.”
Bloomberg TV uncut 2026-10-15 06:30 ET (30 min)
Microsoft generates ~$25B of free cash flow per quarter and cannot spend it fast enough, while Co-Pilot and Azure are scaling at 40%+ growth, setting up a blowout earnings print.
“I think they're gonna have a blowout number. Nadella has done a great job on Co-Pilot and Azure is off to the races.”
Bloomberg TV uncut 2026-10-15 06:30 ET (30 min)
CoreWeave has no free cash flow while borrowing at double-digit rates, destroying value at every turn, with its corporate bonds now trading at distressed levels and the equity window closed — leverage players like this are being thrown out.
“The names that don't have free cash flow like Oracle or NBIS or CoreWeave in this area is just being thrown out at this point.”
Bloomberg TV uncut 2026-10-15 06:30 ET (30 min)
2026-10-14
long MSFT / long NOW / long CRM / short SOX
basket
Jim Bianco (newest) · video
Enterprise AI adoption will be captured by software platforms that integrate AI into workflows, making Microsoft, ServiceNow, and Salesforce the primary long-term beneficiaries as capital rotates out of infrastructure semiconductors that have already priced…
“Microsoft, Service Now, CRM — those are three companies that are going to fuel the AI revolution”
CPI and the AI Trade | Bloomberg Surveillance
Apple's consistent $30 billion quarterly free cash flow generation makes it a high-quality defensive holding as portfolio managers shift focus to balance sheet strength over growth narratives
“The reason why Apple is up every single day is 30 billion of free cash flow”
CPI and the AI Trade | Bloomberg Surveillance
2026-09-24
long Ai Infra / short Small Caps
pair
Bloomberg Surveillance · video
Higher rates are essentially irrelevant for hyperscalers earning 20-30% returns on AI capex but are a genuine constraint for mid/small cap tech companies that lack the balance sheet, leverage, and free cash flow to absorb rising capital costs
“For the hyperscalers they're looking at 20 to 30% return. Where I worry is all the mid to small cap companies”
Bloomberg Surveillance 9/24/2026
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