Everything tied to the data center is suddenly suspect. Can Big Tech fix it?

I sure didn't want what happened to occur, at least not during my vacation, of all things. But it did, and we have to deal with the fallout head-on because it came as such a surprise to many. Imagine for a moment there were five geese — Amazon , Alphabet , Microsoft , Meta Platforms , and Apple — and they were laying golden eggs like mad. No other stocks have consistently produced eggs like these five. It was like a fairy tale. Now that the fairy tale ended a long time ago, their incredible businesses, tremendous leadership, and franchises — moats — keep them a big part of the S & P 500 and the biggest part of tech, which is the biggest part of everything. As long as nothing encroaches on their territories, these mega-caps can continue to invent and profit with their core businesses generating consistent gains. All you had to do was feed them your money, and they turned it into gold. Suddenly, it seems like the geese are being slaughtered. But that's just exchange-traded funds talking. The pain the geese feel — and they are still very much alive — seems existential. The fact is, however, that it's not. Not at all. What's happened is that they are producing okay eggs, good for scrambling. But you didn't buy them to own egg producer Cal-Maine , did you? Last week, I wrote a piece about what I would do if I were a hedge fund manager — basically, go short ahead of Micron's earnings (last Wednesday) and then figure out how to get back in at a lower price. …