AI Reratings & Growth Reacceleration Add Fuel To The Real Asset Rotation | Weekly Roundup

Bullish:

• $NVDA - Nvidia continues to beat earnings and guidance with massive data center revenue growth, positioned uniquely as the GPU producer for AI infrastructure buildout.

  • “Top line revenue beat first quarter revenue 76 to 79,000,000,000. That looks like guided higher Data center revenue came out better.”

    Tyler·11:15

  • “I would say maybe the exception is that I'm neutral to Nvidia because I don't want to, you know, I think them producing the GPUs is a unique thing”

    Felix·22:19
• $INFRA - Real assets and infrastructure (energy, materials, copper, gold) are the clear beneficiaries of the AI buildout as hyperscalers need massive physical infrastructure.

  • “I would much prefer to own these real things, these energy and material sector. Like it's just, it feels like such a clear trade”

    Felix·22:41

  • “go buy the things they're buying, not the things they're selling, their equity”

    Felix·22:36

  • “I'd rather just own real things. I'd rather go own copper. Like, I'm so fucking long gold and copper”

    Felix·25:44
• $GLD - Gold benefits from currency debasement, central bank manipulation, and serves as the exhaust valve for volatility control in fiat systems.

  • “That's why I just don't understand, like, how to get bearish gold. Every two months I sell my gold because I'm like, All right, that might have been the top. At the same time, I say everybody's like, And then here goes like 10 more reasons to buy gold just off with the monetary plumbing”

    Quinn·42:10

  • “all this vol controlling, the the exhaust valve is is the currency. And so then you go, you own on gold”

    Felix·42:44
• $HOMEBUILDERS - Homebuilders positioned to benefit from yield curve control, falling mortgage rates, and Trump administration's explicit desire for higher housing prices.

  • “I've watching the homebuilders and some of these things start to over the last few weeks too, because I'm inclined to take a bullish position. Homebuilders have done nothing for five, six years”

    Quinn·50:23

  • “Trump said, I want housing prices to go up. He doesn't know, he's a real estate guy. He doesn't care about the younger generation for housing. So he wants housing to go up there for own bullish housing”

    Felix·51:55

Bearish:

• $CRM - Salesforce continues declining despite massive buyback announcement, reflecting broader software sector disruption from AI tools.

  • “Salesforce just reported they're still going down. And, you know, I think they just said the headlines are coming through, but $50,000,000,000, you know, buyback there and the stock's still down in the aftermarket”

    Tyler·3:57
• $IGV - Software sector facing fundamental rerating as AI tools like Claude disrupt business models, with IGV becoming 'the new TLT' - a value trap ETF.

  • “I see the software, like, IGD crash as rational is that, look, you don't you don't really know how these software companies are gonna get disrupted over the next couple years by Claude or Claude code”

    Felix·15:33

  • “I put out a tweet a couple days ago that I I felt like IGV is the new TLT”

    Felix·16:05

  • “now IGV is down 50 bps in the aftermarket after Jensen just said”

    Tyler·16:55
• $HYPERSCALERS - Hyperscalers face multiple rerating risk from extreme CapEx/sales ratios, debt issuance growth, and uncertain returns on massive AI infrastructure spending.

  • “why is no one happy to accept the multiple rerating case for Mag7, who are the hyperscalers, who's Like, CapEx to sales, why should this ever go down again if it's a space race into the future and AI is being commoditized?”

    Quinn·18:17

  • “I don't think you want to be owning the hyperscalers here. Like, I think there's risk there. There's risk in IGV.”

    Felix·22:11

  • “being the hyperscalers that are purchasing them on leverage, I don't want to touch that”

    Felix·22:28
• $WHITECOLLAR - White collar jobs face existential threat from AI productivity tools, with potential for massive job displacement similar to horses being replaced by automobiles.

  • “I'm doing a week's worth of work on Claude in fifteen minutes now. So I see the productivity firsthand on my in my job, and I'm just trying to stay ahead of it thinking but I'm thinking myself, when is my job get completely disintermediated”

    Tyler·6:17

  • “your your incremental white collar workers who pay all the tax dollars, that causes a major issue for government revenues”

    Tyler·14:11

  • “if this is some sort of, like, technological revolution, are we the horses? Are humans the horses?”

    Tyler·0:22