$MGM - Physical, experiential businesses like MGM's casinos and resorts cannot be disrupted by AI or technology. MGM owns 490 restaurants and 125 performance venues, making it a defensive play against digital disruption.
Bearish:
$HOLLYWOOD - Hollywood has become irrelevant as content creation is now a minor division within large tech enterprises, with the fun and organizing process of the industry completely gone.
$GOOGL - Google's search dominance is eroding rapidly, and businesses dependent on Google search traffic are facing extinction as the disruption accelerates.
$STREAMING - Streaming business models are fundamentally flawed as they serve as loss leaders for other businesses rather than standalone profitable ventures, with platforms like Amazon not caring about viewership numbers.