#2394 - Palmer Luckey

Bullish:

• $ANDURIL - Anduril is disrupting legacy defense contractors by delivering more efficient, innovative defense technology solutions at lower cost to taxpayers

  • “I started Anduril with the goal of saving taxpayers hundreds of billions of dollars a year.”

    Palmer·1:06:26
• $DEFTECH - Massive backlog in defense deliveries and urgent need for modern defense systems creates strong demand for defense technology companies

  • “Taiwan is $20,000,000,000 behind on arms deliveries from The United States... They need these yesterday. China could move in tomorrow.”

    Palmer·1:08:31
• $CHINAEV - Chinese electric vehicles have achieved significant technological and cost advantages over competitors

  • “Their cars are extremely cheap, and they are extremely good.”

    Palmer·54:00
• $ENERGY - US needs significant energy infrastructure investment to reduce costs and compete with China's manufacturing advantages

  • “The only way we can solve this is for The United States to become competitive with China again, which means we need to get our energy costs down.”

    Palmer·58:51

Bearish:

• $TAIWANSEMI - High geopolitical risk of Chinese action on Taiwan threatens semiconductor supply chains

  • “I think that it is very likely that China moves on Taiwan for a variety of political reasons.”

    Palmer·1:07:07
• $LEGACYDEF - Traditional defense contractors are inefficient and vulnerable to disruption from more agile competitors

  • “Our country's been spending so much money on what is supposed to be for national security, but in reality, it's a lot of it has nothing to do with that.”

    Palmer·28:50
• $SHIPBUILD - US shipbuilding capacity is severely disadvantaged compared to China's massive industrial capabilities

  • “China has 300 times more naval shipbuilding capacity than The United States. The time that it takes us to build one aircraft carrier, they could build 300.”

    Palmer·1:05:00
• $ETHANOL - Corn ethanol subsidies are economically inefficient and likely to face policy headwinds

  • “The ethanol blending mandates that were making corn at a loss, paid for with tax free dollars, then mandating that it go into gasoline, which hurts car performance... and it's just a waste of money.”

    Palmer·1:33:36
• $USAUTO - US automotive industry faces existential threat from Chinese competition and potential loss of industrial capacity

  • “If China could wipe out our industrial capacity entirely, they never need to worry about fighting a war with The US again, because they know that we wouldn't be able to get back in the game fast enough to matter.”

    Palmer·1:03:18
• $SOCIAL - Social media platforms face authenticity crisis from bot proliferation and artificial engagement

  • “Dead Internet theory is that eventually, there will be almost no real human back and forth on the Internet, that it's actually kind of just propaganda and counter propaganda playing out on a stage for our benefit by moneyed interests”

    Palmer·1:41:38