Claude Opus 4.5’s Breakout Moment & Investing in 2026 with Qiao Wang

Bullish:

• $GOOGL - Google's search revenue from shopping is protected from AI disruption, plus they own the top apps (Chrome, YouTube, Gemini) and have underappreciated assets like TPU and GCP.

  • “I looked at my my my iPhone usage. The top three apps I was using, Chrome, YouTube, Gemini. They're all owned by Google.”

    Qiao·20:35

  • “I realized actually more than half of Google search revenue comes from shopping. I was like, this castle is intact. No one's gonna kill it anytime soon.”

    Qiao·21:10

  • “Then on top of that, there's the GCP, there's TPU, all these things that people realize later. I thought that was a no brainer.”

    Qiao·21:22
• $ADBE - Adobe is massively undervalued at 12-14x PE due to misunderstood moat from enterprise integration and switching costs, not threatened by AI image/video models.

  • “It might be one of the biggest inefficiencies or mispricing in the public market right now. It's Adobe.”

    Qiao·14:12

  • “Adobe's mode is the enterprise integration. Like all the enterprise users of Adobe Creative Suite, software, store their images and their videos, on Adobe's cloud and, their creative professional like the the switching cost of moving from Adobe cloud to somewhere else is very high.”

    Qiao·14:33

  • “Adobe ran out as trading at, like, $12.04 PE. It's it's crazy for for for such a for for such a high quality of a company.”

    Qiao·15:09

  • “I think Adobe might be the the Google of this year because it's so cheap. Like, it's experiencing the same FUD that Google experienced.”

    Qiao·22:04
• $INFRA - Infrastructure and robotics companies will benefit as AI coding reduces software moats but hardware/physical infrastructure moats remain strong.

  • “The software mode is diminishing very rapidly. And for early stage startups, there's basically no modes. But if you look at the the likes of, Facebook or Google or Microsoft, Apple, the the modes still exist.”

    Qiao·0:15
• $AMZN - Amazon leading in robotics with robot headcount growing 30% annually while human headcount flat, driving margin expansion.

  • “I like Amazon right now just because I feel like the the the valuation isn't super attractive, but I think the sentiment was pretty bad last year because all the Macs haven't went up a lot except for Amazon. So I have some Amazon, and I like the robotics story.”

    Qiao·50:07

  • “Their human headcount over the last five years was flat, and robot, headcount has been growing like 30%.”

    Qiao·50:39

  • “That that's how they're they were able to increase their margin a lot over the last few years, even though their revenue didn't grow.”

    Qiao·50:52
• $META - Meta/Facebook will benefit from AI making their advertising algorithms significantly better with individualized marketing.

  • “And this is a bull case for for Facebook, to be honest, for Meta. Yeah. AI's gonna make their algo for advertisements a lot.”

    Qiao·43:52
• $BIOTECH - AI-enabled biotech is one of the most overlooked areas where AI can make huge impact, with DeepMind and others working on it.

  • “I think one of the biggest overlooked areas in in in the markets right now is in AI enabled biotech. I think everyone is thinking about robots, drones, like AI chatbots, that stuff. But I think one of the biggest areas where AI can make a huge impact is is bio.”

    Qiao·51:55

Bearish:

• $AILABS - AI labs and coding assistants face no moats for early stage startups as software becomes easily replicable.

  • “The software mode is diminishing very rapidly. And for early stage startups, there's basically no modes.”

    Qiao·0:15

  • “It's too easy to copy your software.”

    Qiao·12:58