Bull take on SBUX: core demographic (middle and upper middle class women) still love the product. They have one of the best loyalty programs around, which saved the company in '08.
The median redditor has shifted from early 30s professional with a degree to 19, no degree, retail job. And that demographic hates anything young or successful women like (Starbucks, Stanley cups, Ugg boots, romance novels, whatever).
Fast food, in general, is playing chicken with economics to see just how high they can crank prices before people stop buying. The stock will be choppy as the company tries to find the top and challenges their old profit-maximizing models.
I like the company long term, I don't want to gamble options.
a) Project ridiculous sales numbers and performance for MI300.
b) Refuse to submit/participate in industry standard benchmarks - MLPERF/MLCommons - to validate said ridiculous performance claims.
c) When sales reality doesnât meet projections, claim supply issues.
d) Repeatedly send hedge fund analysts to put AMD and NVDA in the same sentence as if to suggest to stupid audiences that these two companies even play in the same league.