Tracy and Joe Answer All Your Questions – Odd Lots

Tracy and Joe Answer All Your Questions – Odd Lots

Market views

Bullish

AILABS— AI labs expected to capture massive value from transformative AI despite never being profitable, with San Francisco consensus believing in their dominant position.
NVDA— Hardware companies like Nvidia maintain near monopolies with very good margins in the AI supply chain.
TSM— TSMC maintains near monopoly position with very good margins in semiconductor manufacturing for AI.

Bearish

EMH— Efficient Market Hypothesis fundamentally flawed as evidenced by existence of bubbles and wealth accumulation by portfolio managers.
AILABS— AI labs have never been profitable despite massive valuations, and may not capture expected value as cheaper standardized alternatives emerge.

Not investment advice.