American CEOs like to coin catchy words. This week, we had Jamie Dimon the CEO of JP Morgan who “saw a hurricane down the road coming our way.” The Financial Times summed up Wall Street current mood from comments made during a conference by big US banks CEOs as “Cloudy with chance of hurricane”. Two days later, Elon Musk the unpredictable CEO of Tesla used different words: he has a “super bad feeling about the economy”. Tesla share price fell 9% on the news. Asked about Elon Musk comments, Joe Biden President of the United States stressed the Friday strong job report and recent significant hiring plans from Stellantis-Samsung and Intel and wished Elon Musk “a lot of luck on his trip to the moon. “

Do American Super CEO have super-powers, and can they see future? Impossible is not American. That said, they don’t all see the same thing. During Salesforce Earnings Call which took place on Tuesday, its visionary Founder and Co-CEO March Benioff said the recent months had been like a “whirlwind” for the management team. They traveled the world and met hundreds of clients and see their business as “incredibly healthy”. This is reflected in Salesforce Q1 revenues up 24% ahead of market expectations and the upwards revision they announced for their Full Year guidance.

At the end of the week, a cloudy outlook is where everyone agrees. Cloud infrastructure revenues at Amazon, Microsoft and Google are up 40% on average. Cloud spending is a productivity enhancing structural investment. Big corporations must do it if they want to remain in the race. Unless, we have a very nasty recession, seasoned Big Tech CEOs like Arvind Krishna who went through big tech storms see little probability of any slowdown in that space.

Deshima Smart Data is invested in Tesla, Microsoft, IBM and Salesforce