Meta-AMD deal makes sense for Meta but less so for AMD, says Clockwise Capital's Jams Cakmak

分组1: Meta and AMD Deal - The deal between Meta and AMD is seen as a strategic move for Meta to diversify its supply base and ensure adequate supply for its buildout plans, with a 10% equity stake involved [1][2][4] - There are concerns regarding AMD's need to give up equity to meet demand, raising questions about its long-term strategy compared to competitors like Nvidia [3][6] - The ongoing partnerships and equity stakes in companies like AMD and Nvidia indicate a competitive landscape where both companies are vying for market share in the semiconductor space [4][6] 分组2: Apple Manufacturing in the U.S. - Apple is set to manufacture the Mac Mini in the United States for the first time, which is viewed as a significant win for local job creation [7][11] - While some investors may care about the location of manufacturing, it is not a primary concern for all investors, particularly those focused on long-term growth and capitalizing on market opportunities [8][10] - Apple's growth is projected at 5% for topline revenue, potentially reaching 10% when accounting for buybacks and growth in its services business, indicating a stable long-term outlook [10] 分组3: Software and Financial Sectors - The software sector has faced challenges, but there are still pockets of opportunity, particularly in companies like HUD 8 Corp and GitLab, while larger firms like Adobe are less favored [12][14] - The financial sector has been exited completely by the company, reflecting a cautious approach amid concerns about increasing correlations with the software sector [15]