Basket tracking the three dominant public cloud platforms: Amazon AWS, Microsoft Azure, and Google GCP.
1 take · first discussed Jun 21, 2025
Private company — no public price to score. We track what they said; valuation-mark tracking is on the roadmap.
Chamath and Friedberg share high conviction that a synthetic equal-weight basket of AWS, Azure, and GCP would be the single best investment over the next five years, making all other holdings unnecessary. Their core thesis is that the three hyperscalers collectively form the essential infrastructure layer of the AI economy, and that owning this substrate captures the broadest, most durable upside from AI adoption. No dissenting views are represented among the hosts who weighed in, though only Chamath and Friedberg are attributed with this position — Sacks and Calacanis do not offer a stated view on this specific trade in the supplied material.
Chamath and Friedberg converge on the view that owning a synthetic index of AWS, Azure, and GCP would be the single best investment over the next 5 years, as cloud infrastructure is the essential substrate of the AI economy.
If I could somehow automagically create an index of all 3 of those businesses, right? Over the next 5 years. Yeah. You wouldn't need to own anything else. 100%.”1:36:57