Five of the biggest technology companies bought back $4.4 billion of their own stock last quarter, down about 90% from a $45.9 billion peak in 2021, and Brian Sozzi argues those buybacks had been quietly holding up earnings. Hilton’s stock moved to the Nasdaq this morning and Chris Nassetta gives his reason for the switch. AMD’s Lisa Su says AI adoption keeps outrunning the plans companies write. George Pyne on why sports valuations keep setting records. And the Starbucks holiday menu arrived, so there is a braised short rib grilled cheese on the desk.
Featuring
Lisa Su, Chair and Chief Executive Officer, AMD
Christopher J. Nassetta, President and Chief Executive Officer, Hilton
George Pyne, Founder and Chief Executive Officer, Bruin Capital
Brian Niccol, Chairman and Chief Executive Officer, Starbucks
Timestamps
0:00 Micron and SanDisk at valuations that made Sozzi laugh
1:20 Three takes on the first week after the election
2:23 A bipartisan opening on inflation in 2027
3:29 Free cash flow, and the buybacks big tech stopped doing
5:01 Lisa Su on why AI adoption keeps outrunning the plan
6:09 The 50% data center guide, and a data center first company
7:37 Whether the market is right to question AI growth
9:39 The Starbucks holiday menu, reviewed at the desk
11:50 Why Hilton left the New York Stock Exchange
13:41 What AI agents change in a hotel business
16:13 Whether he coined the C-shaped economy
18:27 The one measure he says predicts hotel demand
19:33 George Pyne on why sports valuations keep rising
21:10 The businesses that get more valuable as teams do
23:28 What the midterms mean for the business of sports
#BigTech #Buybacks #Hilton #Nasdaq #SozziUnleashed #YahooFinance
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