Jeff Bezos & John Elkann - Italian Tech Week 2025· Oct 3, 2025
Position for durable, broad-based AI infrastructure and productivity gains via large, diversified cloud and semiconductor leaders while avoiding or underweighting the most speculative, narrowly focused AI names that are most exposed to an "industrial bubble" unwind.
Position Reasoning
CLOU (Global X Cloud Computing ETF) provides diversified exposure to a basket that includes mid-cap, less-profitable cloud and AI-adjacent names that are more vulnerable to the "industrial bubble" dynamics Bezos describes; shorting it hedges against a shakeout in speculative AI/software valuations while keeping long exposure in the strongest platforms.