Montaka's Spotlight Series

Montaka Global
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Join the Montaka Global Investments team as they chat about the stocks and market dynamics that shape their decisions. Listen in for a great stock market education on basics, market commentary and learn how to invest better on your own. Follow along as we share real-time examples and investing tips that govern our stockpicks. Subscribe and leave a review. Questions? Email questions@montaka.com and we will be happy to answer!

  1. The News is Bad and the Facts are Good

    6D AGO

    The News is Bad and the Facts are Good

    The noise is bad and the facts are good – KKR CEO Scott Nuttall's words from late 2025 perfectly describe many stocks in Montaka's portfolio today. In this Spotlight Series episode, Lachlan Mackay and Tim Le dissect recent financial results from Amazon, Meta, Spotify, REA Group, and DoorDash. Across the board, the results were exceptional and competitive positions continue strengthening – yet stock prices are down significantly. We explore why the market simultaneously fears both AI oversupply AND total disruption – two mutually exclusive scenarios. While short-term prices detach from reality, the team remains focused on fundamental earnings power and sees substantial upside ahead. Disclaimer: Issued by Montaka Global Pty Ltd ABN 62604 878 533, AFSL 516942. This information is general in nature and does not take into account your specific needs or circumstances. You should consider your own financial position, objectives and requirements and seek professional financial advice before making any financial decisions. #Investing #TechStocks #AI #FundamentalAnalysis#ValueInvesting

    32 min

  2. FEB 24

    The SaaS Apocalypse: Why the Market Got It Wrong

    We tackle the recent market panic head-on. With software stocks experiencing a dramatic sell-off over AI agent fears, we examine whether the "SaaS apocalypse" narrative holds up to scrutiny. Join Montaka's Director of Research Amit Nath, Senior Analyst Lachlan Mackay, and Portfolio Manager Andrew Macken as they dissect the market's assumption that AI agents will replace traditional enterprise software. Through a candid internal research discussion, we explore: 🔍 Why scale distribution—not code—is the real competitive advantage🔒 The overlooked security risks of unconstrained AI agents⚡ The massive power and compute constraints limiting AI agent deployment📊 Why enterprise customers won't hand over the keys to a single AI provider⏱️ The lengthy implementation timelines that make rapid disruption unlikely Our conclusion? The market has significantly oversold quality enterprise software companies including ServiceNow, Salesforce, Microsoft, MongoDB, and others. This represents a substantial price-to-value divergence that we believe will correct. If you're an investor trying to separate AI hype from reality, this episode is essential listening. #Investing #SoftwareStocks #AI #AIAgents #SaaS #EnterprisesSoftware #StockMarket #ValueInvesting #TechStocks #Salesforce #ServiceNow #Microsoft #MarketAnalysis #InvestmentResearch Disclaimer: Issued by Montaka Global Pty Ltd ABN 62 604 878 533, AFSL 516942. This information is general in nature and does not take into account your specific needs or circumstances. You should consider your own financial position, objectives and requirements and seek professional financial advice before making any financial decisions.

    23 min

  3. FEB 13

    Is Enterprise SaaS Dead, or Just on Sale?

    Enterprise software stocks—from Salesforce to ServiceNow and Atlassian—have been hit hard, with many down 40–60% in the last year. The market narrative? Generative AI will disrupt software creation, compress pricing, eliminate seats, and ultimately render incumbent platforms obsolete. But is that actually happening? In this episode of Montaka’s Spotlight Series, Andy sits down with Amit, Montaka’s Director of Research, to unpack what’sreal, what’s misunderstood, and where the market is drawing the wrong conclusions. Together, they explore: Why AI-driven innovation doesn’t guarantee distributionWhy incumbents like Salesforce, ServiceNow and Microsoft may benefit from AIThe difference between platforms and point solutionsWhat CIOs are actually telling vendors about budgets and adoptionWhy the real prize isn’t IT savings—it’s the $3.7T global labour cost baseAnd why terminal value assumptions today may be wildly mispriced If you’re watching enterprise software, AI agents, or thefuture of SaaS, this episode is essential listening. #EnterpriseSoftware #AIRevolution #SaaS #GenerativeAI#AIadoption #TechInvesting #DistributionMoat #Salesforce #ServiceNow #Microsoft#AIEnterprise #Montaka Disclaimer: Issued by Montaka Global Pty Ltd ABN 62 604 878 533, AFSL 516942. This information is general in nature and does not take into account your specific needs or circumstances. You should consider your own financial position, objectives and requirements and seek professional financial advice before making any financial decisions.

    28 min
  4. Beyond the AI hype: Understanding Cloud Computing's Real Moats

    12/10/2025

    Beyond the AI hype: Understanding Cloud Computing's Real Moats

    In this Montaka Spotlight Series podcast, Andy sits down with Amit Nath to challenge the prevailing narrative that AI is in a bubble. As a prelude to Montaka's forthcoming white paper on AI infrastructure, they explore critical misperceptions about hyperscale cloud providers. Perfect for: Investors, tech analysts, and anyone seeking to understand the real economics behind the AI infrastructure boom beyond the headlines. Related Content: Watch for Montaka's comprehensive white paper on AI bubble arguments, coming soon. Key topics covered: 00:00:33 - The Neo-Cloud Misconception: CoreWeave vs. True Hyperscalers 00:01:41 - Barriers to Entry: Are They Really Falling? 00:03:01 - Oracle's Gamble: A Case Study in Value Destruction 00:04:14 - Why Training Infrastructure ≠ Production Infrastructure 00:05:36 - The Fungibility Myth: When Cloud Infrastructure Matters 00:07:00 - Google's TPU Cost Advantage: 44% Cheaper Than Nvidia 00:08:36 - Breaking Free from the Broadcom Tax: MediaTek Partnership 00:12:47 - Software Moats: Attacking Nvidia's CUDA Dominance 00:13:05 - Inference vs. Training: Why Ecosystems Win 00:15:38 - The Dual-Use Advantage: Internal Demand De-Risks Buildouts 00:20:40 - Real Options: From Transformers to Quantum Computing 00:22:29 - Google vs. Nvidia: The Disruption Opportunity Tags: AI infrastructure, hyperscalers, cloud computing, Google TPU, Nvidia, Microsoft Azure, Amazon AWS, neo-clouds, CoreWeave, Oracle, OpenAI, AI bubble, investment analysis, technology investing, semiconductor industry, R&D accounting, depreciation, quantum computing, PyTorch, CUDA, inference vs training, Montaka Disclaimer: Issued by Montaka Global Pty Ltd ABN 62 604 878 533, AFSL 516942. This information is general in nature and does not take into account your specific needs or circumstances. You should consider your own financial position, objectives and requirements and seek professional financial advice before making any financial decisions.

    24 min

  5. 11/13/2025

    Why High PE Ratios Don't Always Mean Overvaluation | Montaka Investment Philosophy

    Are markets overvalued? It depends on how you look at it.In this excerpt from a recent client presentation, Andy shares our investment philosophy and why traditional metrics like PE ratios can be misleading when evaluating companies with transformational growth potential. Key Topics Covered: → Why the market persistently undervalues long-duration growth opportunities → The distribution of PE ratios in the S&P 500 today → Case studies: Why low PE stocks aren't always cheap (Charter Communications, Molson Coors) → Why high PE stocks can be undervalued (Spotify's 10x return despite 100+ PE ratio) → How we identify companies with reliable future earnings power Why This Matters:If the world is changing at an accelerated rate today versus the past, then the usefulness of traditional PE ratios may be diminishing. Understanding this helps investors identify tomorrow's winners while they're still undervalued by conventional metrics. Presentation slides available at: https://7041279.fs1.hubspotusercontent-ap1.net/hubfs/7041279/2511_Montaka_Spotlight_Series_Slides.pdf Disclaimer: Issued by Montaka Global Pty Ltd ABN 62 604 878 533, AFSL 516942. This information is general in nature and does not take into account your specific needs or circumstances. You should consider your own financial position, objectives and requirements and seek professional financial advice before making any financial decisions.

    15 min
  6. The $500 Billion AI Bet: Can OpenAI’s Massive Infra Push Ever Pay Off?

    10/06/2025

    The $500 Billion AI Bet: Can OpenAI’s Massive Infra Push Ever Pay Off?

    Last month, OpenAI committed to an extra $300 billion of revenue for Oracle — and just 12 days later, Nvidia announced a $100 billion data center investment to support OpenAI’s expansion. The scale is staggering… and a little baffling. In this Spotlight Series episode, Andy, Lachie, and Amit take you inside their internal discussions from New York as they unpack the numbers behind this trillion-dollar AI arms race. Together, they explore: How OpenAI, Oracle, and Nvidia are driving unprecedented AI infrastructure investment Whether the economics can possibly justify the spending Parallels with the dot-com and telecom overbuilds The big question: Who’s the paying customer? 🎧 A candid, data-driven conversation on hype, hope, and hard numbers in the AI revolution. ⏱️ Suggested Timestamps 00:00–01:00 | Setting the scene — the $400B+ AI buildout 01:00–03:00 | Are these investments economically rational? 03:00–06:00 | What history tells us: echoes of dot-com and telecom bubbles 06:00–09:00 | Power, CapEx, and the cost of keeping AI lights on 09:00–12:00 | Paying customers vs free users — who funds the AI dream? 12:00–14:00 | Microsoft, Oracle, and the strange logic of market reactions Disclaimer: Issued by Montaka Global Pty Ltd ABN 62 604 878 533, AFSL 516942. This information is general in nature and does not take into account your specific needs or circumstances. You should consider your own financial position, objectives and requirements and seek professional financial advice before making any financial decisions.

    16 min

  7. 09/04/2025

    Looking for a #Buy stock? Floor & Decor could be the next big compounder

    Today’s Spotlight episode comes from Andy’s global stage presentation at the Wide-Moat Investing Summit. View the slides here: https://tinyurl.com/floor-decor The focus? Floor & Decor – a U.S. retailer with undervalued potential. You’ll learn why flywheels matter, how cyclical lows create opportunity, and what makes this business a possible long-term compounder. Timestamps:00:00 – Intro & conference background00:23 – Why Floor & Decor?01:15 – Montaka’s investment framework02:08 – What makes a long-term winner04:05 – The power of flywheels05:41 – Why markets underestimate reliable growth06:56 – Floor & Decor business overview08:28 – Investment thesis pillars12:23 – U.S. housing market drivers16:28 – Pent-up demand for flooring20:14 – Flywheel dynamics explained23:17 – Store growth & market share25:27 – Revenue, margins & valuations31:14 – Why future margins could expand significantly #Investing, #Stocks, #Global, #MontakaGlobal, #ValueInvesting, #LongTermGrowth, #Compounders, #RetailStocks, #WideMoat, #CompetitiveAdvantage, #Montaka, #FloorAndDecor, #FlywheelEffect Disclaimer: Issued by Montaka Global Pty Ltd ABN 62 604 878 533, AFSL 516942. This information is general in nature and does not take into account your specific needs or circumstances. You should consider your own financial position, objectives and requirements and seek professional financial advice before making any financial decisions.

    38 min

  8. 08/05/2025

    Azure, Google, AWS: Who’s Winning the Cloud & AI Race?

    What do you get when you mix AI, cloud infrastructure, and $100B in annual CapEx? A generational shift. In this episode, Andy and Amit explore why Microsoft, Google, and Amazon are growing faster than ever—and why this cloud boom still has miles to run. From legacy workload migration to generative AI token explosions, tune in for an investor’s view on the real backbone of the intelligence revolution. #cloudcomputing #generativeAI #hyperscalers #SpotlightSeries #Montaka Disclaimer: Issued by Montaka Global Pty Ltd ABN 62 604 878 533, AFSL 516942. This information is general in nature and does not take into account your specific needs or circumstances. You should consider your own financial position, objectives and requirements and seek professional financial advice before making any financial decisions.

    23 min
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About

Join the Montaka Global Investments team as they chat about the stocks and market dynamics that shape their decisions. Listen in for a great stock market education on basics, market commentary and learn how to invest better on your own. Follow along as we share real-time examples and investing tips that govern our stockpicks. Subscribe and leave a review. Questions? Email questions@montaka.com and we will be happy to answer!

Information

  • Creator
    Montaka Global
  • Years Active
    2022 - 2026
  • Episodes
    49
  • Rating
    Clean
  • Copyright
    © Montaka Global
  • Show Website
    Montaka's Spotlight Series

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