Bullish and bearish opinions expressed in this episode, paired with supporting transcript quotes. The quote confirms what was said—not whether the opinion is correct.
Bullish
$MSFT— Microsoft's cloud business showing strong growth with 90% coming from non-frontier lab companies (enterprise/startups), representing a major market shift. Added $500B in market cap on this insight.
$RDDT— Reddit down 20% despite strong revenue and earnings growth with no credible bear case found. Represents an opportunistic buy point after technical selloff.
$HXSCL— SK Hynix appears to have bottomed after extreme volatility, showing bullish technical signals in South Korean market with limit up day at 200-day moving average.
$NVDA— NVIDIA well-priced after reset, benefiting from continued AI compute demand and infrastructure buildout extending beyond 2027.
$TSM— TSMC well-priced after semiconductor reset, positioned to benefit from continued AI infrastructure buildout.
$TKC— Turkcell trading at 6x forward earnings with high free cash flow, ability to pass through inflation, and chart at interesting technical level. Non-consensus emerging market opportunity.
$GOOGL— Google offers quality at good price with clear path to growing revenue and earnings, spending over $200B in CapEx on AI infrastructure.
$AMZN— Amazon's cloud business performing well with strong growth trajectory, spending over $200B in CapEx on AI infrastructure.
$CLOUDGPU— Cloud infrastructure buildout extending beyond 2027 into 2028-2029, with major tech companies collectively spending $800B+ in CapEx. Cloud businesses becoming more profitable, driving further investment.
$INTU— Intuit looks cheap with good chart technicals. Business remains sticky despite AI disruption risk being 1-2 years away.
$AISERVICES— AI-native firms and AI services represent major opportunity as they will dramatically outrun competition. More efficient to build AI-native than refactor existing firms.
Bearish
$AMD— Explicitly mentioned as a semiconductor name to avoid in current market environment.
$TXN— Explicitly mentioned as a semiconductor name to avoid in current market environment.
$ANTHROPIC— Anthropic's theoretical $850B valuation not achievable in reality. Leopold couldn't sell at that price, indicating significant overvaluation in private markets.
$TSLA— Tesla stock hasn't eclipsed 2021 levels, up only 1% in last twelve months. Poor recent earnings with Model S and X being scuttled.