Why Goldman Says the Hyperscalers Look Cheap Into Earnings Season

✅ SIGN UP FOR DYLAN'S DIARY AND GET THE FREE 40 DOOMED STOCKS HERE👇🏼👇🏼 https://stockreports.behindthemarkets... ✅ SUBSCRIBE TO THE CHANNEL 👇🏼👇🏼    / @behindthemarkets   Happy Monday, and welcome back. In this video I break down a fresh note out of Goldman Sachs that caught my attention over the holiday weekend. Goldman is telling investors to use the recent tech sell-off as an opportunity, arguing the hyperscalers look cheap heading into earnings season, which kicks off the week of July 13th. I'll walk you through exactly why they're saying it, and why I happen to agree with them. Here's the setup. The Hyperscaler Index Goldman tracks is down 17% since June 1st, so if you own Amazon, Microsoft, Google, Meta, or Oracle, you've felt that pain right alongside me. But this is a tale of two cities. These companies are pouring enormous amounts of money into CapEx, building out the full five-layer AI stack we've talked about, chips, infrastructure and data centers, models, the application layer, and the energy layer underneath it all. Investors are tired of the spending because the return isn't obvious yet, so these stocks aren't getting hammered so much as slowly deflating, even while their earnings keep climbing. I'll explain that divergence and what could finally break it. What makes this moment interesting is where the valuations sit. Hyperscalers are trading at lows similar to last year's so-called Liberation Day and the geopolitical lows we saw earlier this year around the Iran conflict, the two critical lows of this bull market. Those are the levels where big investors historically step in and say the market is giving this away. I dig into why Microsoft in particular looks ridiculously cheap to me right now, how they're building a unit to help customers actually deploy AI, and why that puts real pricing pressure on the model makers like Claude and ChatGPT. I also share my honest take on Meta, Zuckerberg, and the massive advertising monetization opportunity across Facebook, Instagram, and WhatsApp. I'll tell you which names I'm actually buying and which one on this list I'm personally staying away from, and why the economics of dominant consumer and cloud franchises give me a lot more safety than a slower business does. If you're worried about missing this move or buying the wrong name at the wrong time, watch this before earnings season begins. The window here may be narrower than people think.