Uploaded July 2026 | Updated September 2026, 3 weeks ago
📢 Bits + Bips has its own channel now — full episodes here: youtube.com/@Bitsandbips
Meta and Microsoft reported earnings on the same night, and investors sent their stocks in opposite directions.
Chris Galipeau of the Franklin Templeton Institute walks Steven Ehrlich through why Meta got punished for raising its CapEx guidance while Microsoft's Azure growth held steady, then makes the case that the broader AI CapEx boom is still only in its second inning, not a bubble about to pop.
Host:
Steven Ehrlich - Host, Head of Research at Sharplink - https://x.com/Steven_Ehrlich
Guest:
Chris Galipeau - Head Market Strategist at the Franklin Templeton Institute
This clip is from a longer conversation on Fed policy, Iran, AI earnings, and prediction markets. Full episode here:youtu.be/BXWq7OPcm24
We go live every Thursday - subscribe to catch it live.
Cape: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at cape.co/unchained (use code: UNCHAINED).
Chapters
🎙️ 00:00 Kicking off the Meta vs Microsoft earnings comparison
📉 00:26 Why Meta landed in the 'penalty box' on CapEx guidance
☁️ 01:25 Microsoft's Azure growth number was 'super strong'
💰 02:41 The FAANG-era CapEx inversion nobody saw coming
📊 03:41 How to actually evaluate a company's balance sheet health
🔄 04:52 The circular financing risk, and Steve's 'incestuous' tech giants question
⚾ 07:24 The baseball analogy: still early innings, and why this isn't a bubble
📢 Bits + Bips has its own channel now — full episodes here: youtube.com/@Bitsandbips
Meta and Microsoft reported earnings on the same night, and investors sent their stocks in opposite directions.
Chris Galipeau of the Franklin Templeton Institute walks Steven Ehrlich through why Meta got punished for raising its CapEx guidance while Microsoft's Azure growth held steady, then makes the case that the broader AI CapEx boom is still only in its second inning, not a bubble about to pop.
Host:
Steven Ehrlich - Host, Head of Research at Sharplink - https://x.com/Steven_Ehrlich
Guest:
Chris Galipeau - Head Market Strategist at the Franklin Templeton Institute
This clip is from a longer conversation on Fed policy, Iran, AI earnings, and prediction markets. Full episode here:youtu.be/BXWq7OPcm24
We go live every Thursday - subscribe to catch it live.
Cape: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at cape.co/unchained (use code: UNCHAINED).
Chapters
🎙️ 00:00 Kicking off the Meta vs Microsoft earnings comparison
📉 00:26 Why Meta landed in the 'penalty box' on CapEx guidance
☁️ 01:25 Microsoft's Azure growth number was 'super strong'
💰 02:41 The FAANG-era CapEx inversion nobody saw coming
📊 03:41 How to actually evaluate a company's balance sheet health
🔄 04:52 The circular financing risk, and Steve's 'incestuous' tech giants question
⚾ 07:24 The baseball analogy: still early innings, and why this isn't a bubble
