This is my last Warning‼️Insane Move coming

You ever cooked a whole stack of flapjacks? Cuz that's what it feels like here today. Ladies and gentlemen, AMD with a massive move up here today. Up $142,000 on AMD stock. An absolutely massive bounce back. The shorts are playing with fire. They think these moves are over in stocks like AMD and these some of these other semiplays. And I'm about like, man, in regards to AMD, you're about to get a nuke dropped on your head. You have no clue what is coming in regards to AMD. AMD up after hours as well. Amazing on. We call it Amazing. It is Amazon. This stock was up about $14,000 for us here today in the public account. It's up another 9% plus. After hours is trying to make us forget about that meta mess that happened. I was looking at some other big moves here today. SoFi up 8%. SanDisk up a shocking 26%. MU up 18%. Mr. Softy had a huge day. I posted this on my X page yesterday. Not sure if you guys follow me on X or not, but I posted this yesterday. I said, "Soofi and AMD are looking tasty today. Heck, even MU is tempting. MU yesterday was deep into the 700s." I'm like, "Shoot, man. Even MU is looking like a snack now at this point in time, right?" So, in this video here today, we got a few things we're going to do. Okay, the first thing is we're going to cover three subjects. Amazon, what's going on? Where's that stock headed from here? Boy, do we have some things to speak about in regards to Amazon. Okay. Uh, number two, we'll quickly touch on Apple, why that stock's moving down, and I'll show you the income statement there and my thoughts on Apple. And the number three subject we'll speak about is two stocks that are ready to blast off. And I mean, uh, absolutely a rocket ship ride. From there, I want to react to three videos. First one up here, Amazon's AWS result is remarkable. Uh, looking forward to hearing an analyst opinion, sharing my opinion and perspectives based upon that. Men needs to fire up more revenue growth engines given massive capex. Looking forward to hearing that analyst opinion. He's got an 8.25 price target on Meta. So looking forward to hearing that. And then Anthony not CEO of SoFi went on Bloomberg yesterday. I want to go ahead and react to that one. I think that's very important clip. If you're interested in SoFi stock, you want to know what's going on there. Opinions, perspectives, all that good stuff. One thing, one thing only I need from you guys. It is busy times. I need you to just please smash that like button, hit that little thumbs up icon, make it glow. That would make my day. I appreciate you. Additionally, make sure you're subscribed here to the channel. And if you guys didn't know, I got a bunch of goodies for you in the description area of all my videos. I don't know if you know about this, but if you ever want to follow me on Instagram, I got that link down there. If you ever want to follow me on X, I got that link down there. If you ever want to apply to join my private group, I got that link down there. If you ever want to join my Patreon, I got that link down there. And if you ever want a bunch of free workshops teaching you highle subjects, I got that for you down there. All types of goodies. It's all in the description area of all my videos. Go ahead, check it out. Enjoy. All righty, ladies and gentlemen. Listen. AWS coming through with the big boy numbers. Amazon Web Services year-over-year growth 37%. That's a phenomenal number, right? Not quite the number that would get everybody to go crazy. that really need to be 38% or higher. But this is still a phenomenal beat. The midpoint from what I saw on Wall Street was about 32% for AWS growth. A lot of analysts were at 31% also, but the high end I saw 33. So we smashed even the high end coming in at 37%. Right? So Amazon's spending disgusting amounts of money on capex. We all know this. But they get a pass for now. For now, they get a pass because this chart shows you everything. I mean, you know, it wasn't that long ago, just a few years ago, people thought AWS growth was dead. You know, they were coming through with these like 12% growth numbers and obviously the AI cycle is uh boosting business just a little bit. A now here we go. Amit posted this on his ex page. He said, "We are inc. capex from 200 billion to 220." Right? So, a raise there, but what is that about a 10% raise? Nothing too crazy. uh this will go up more in 2027. Demand still far more than supply. They're saying 2028 demand is already coming in. So that's the type of stuff you want to hear as an investor, right? You want to hear that, you know, they can't even fulfill all this capacity that's coming in, right? And you want to hear that they're already starting to sell for 2028. These are the sorts of things you want to hear as an Amazon shareholder. Amazon believes AWS will be a $1 trillion a year business. So here's how the math works around this. Okay, if Amazon gets to a point where they're bringing in a trillion dollars of revenue a year from AWS, I would say at least 25% of that should be hitting the bottom line. Okay, at least 25%. So that would throw off about $250 billion a year in net income. Now, if you put a market multiple in just that, right, which is a 20p. Now, of course, if they're still growing at that point in time, you know, might put a higher than a 20p, but let's say you go with the 20p. Just the AWS business is worth $5 trillion at a market multiple. Right? Now, keep in mind, if we could say, well, what if they can have 30% of that reach the bottom line? Then we'll talk about even better numbers. Right? Now, how this works is Amazon as of right now is about a $2.5 trillion market cap, right? I believe Amazon long-term is a $10 trillion plus market cap company. How do I get to those numbers? Well, I believe AWS long-term is a $5 trillion business as far as worth goes alone minimum, right? And then I believe the all the other businesses. So, the e-commerce business that you and I order from every single week and the ads business and all the other businesses Amazon has, which is a great extent of businesses, right? I think those will all be worth about $5 trillionish as well. And so when you put those two together, that's how you get to a $10 trillion plus market cap on this company long term. And this is why for years on the channel, what do I always tell you guys in regards to Amazon? Amazon stands for always a buy. Listen, the stock was a buy in 1997, 1999, 2001, 2003, 2005, 2007, 2009. It doesn't matter. It's always a buy. Show me one time period when Amazon wasn't a buy. You can't because it doesn't exist. There will be a day someday when Amazon's no longer a buy, but it's no time soon because their three core businesses are not being disrupted anytime soon. AWS business is clearly needs based and it's just getting bigger and bigger and bigger and there's really only two major competitors for them out there in the marketplace and that is Google and that is Microsoft. And those, you know, you just can't match the sort of spend those companies have, right? The e-commerce business really has no competitors, right? You know, Shopify is important for what that segment of the business is, but the the full e-commerce business continues to gobble market share and will continue to for years to go in the future, right? So, they really have no competition on the e-commerce side around the globe. And then ads business, that's going to continue to boom for long into the future because they're going to continue to buy content and continue to show you relevant ads to, you know, different services you're using or signed up for. So, the ads business continues to to grow. Prime will continue to grow their membership model. So overall, Amazon has growth. You know, you don't have to worry about growth for Amazon for at least the next decade essentially, right? It's going to grow, grow, grow. There's going to be certain time periods of business is faster growing, sometimes going to be slower growing. But the moral of the story is there's a lot of growth here over the next decade, right? Now, here's where things get extremely exciting. If you're an Amazon shareholder, you're somebody thinking about buying this stock. Listen, company just accelerated the AWS growth to 37%. Okay, now this is the whole big thing with the business right now. The e-commerce side of the business, you know, you see those prime trucks driving all over your neighborhood every single day. No one cares about that right now. The ads business continues to grow rapidly and throws off, you know, great profits. No one cares about that right now. All everybody cares about right now is AWS because that has the crazy growth and that's where they're spending they're spending so such fortunes of money on capex because of AWS. So this has everybody's attention now 40% plus AWS growth is basically in the bag in the next few quarters. If you look at just the accelerations and how the math works around this like you know we're going higher. We're going to 40% plus, right? Especially when you look at some of these comps we'll comp against, but I would say 50% plus AWS growth is actually looking pretty good to hit in the next few quarters. And there's a potential potential we could go to 60% plus AWS growth, which is astonishing given how big that business is. Like AWS, if you just broke that out, it's one of the biggest businesses in the world. in the world. And to think this business is basically has it in the bag. We're going they're going to start growing 40% plus, but there's a realistic potential. They're going to start hitting 50 and 60% numbers. And this is one of the biggest businesses in the world. If it was a standalone company, this is insane. So, the moral of the story is here, Amazon is getting leeway on this spend because they actually putting up the big boy numbers, right? They're putting up the big boy numbers. Now, when it comes to their income statement, this was an A++ here. 14% net product sales growth, 24% net service sales growth, 20% overall revenue growth, right? And that number is going to go higher in the next few quarters. We could we could approach a 25% or maybe even closer to a high 20s, 28 29% revenue growth before we end up peaking this number in the next few quarters. Right now, additionally, cost of sales was up 19%. So lower than revenue overall. Fulfillment was up 14%. So, you know, roughly in line with product sales as far as that goes. Technology and development, that was a red there. That was 22% growth. So, that's higher than net sales was up, right? Sales and marketing, somehow they only grew that 2%. When you grow your revenues 20% and sales and marketing up 2%. That's good. That's really, really good. GAN, they actually brought that down 6% year-over-year, you know, to grow revenues 20% and have your GNA down 6% is pretty special. Total operating expenses grew 17%. And when you're talking about this big of numbers, like wow, you're going to be looking pretty darn good, right? Like 20% net sales growth, only 17% total operating expense growth. So operating income exploded to 27.4 billion from $ 19.1 billion. 43% growth year overyear. What a banger of a number. Now, they also had this kind of one-offish, this is my guess is their anthropic stake uh was a big portion of this, but they had this other income of $53 billion. So, it's kind of a freakish number. So, it made their income before income taxes look even more insane. 288% growth. Net income 244% growth. The LUD EPS 242% growth. Woo, that's an A++, man. That's an A++. What a banger for the amazing zone. Now, I got a push back here on one of my big positions, Meta, right? Because I'm seeing people post stuff like this, right? Another major creator posted this. You know, I don't want to, you know, blast them here, but I I definitely fundamentally disagree with their opinion. They said, "First it was Google, then Microsoft, and now Amazon. The market has become more convinced of capex. Only a matter of time for Meta." Listen, listen. All due respect, sir. You know who you are. Listen, Meta's doggy doodoo as far as the numbers go. And I'm saying that as a massive Meta shareholder and Meta made me, you know, crazy profits, what, seven figures plus of profits throughout my portfolios and it's still a huge position of public count, but I'm going to call it dog doggy doodoo quarter when I see one. And Meta is a doggy doodoo. Okay, that's a degrade degrade income statement. They just came out with the issue and the big difference between an Amazon and a Meta. Listen, Amazon is putting up the numbers that get you excited. Meta is not. Meta has revenue deceleration going on. Revenue deceleration and actually pretty significant in in regards to Meta, right? And Meta has expenses getting out of control. There's three separate line items that their expenses are completely out of control. cost of revenue, research and development, and GNA. It's not like they have one line item that's like, okay, that's an issue. Three of the four major line items are out of control. Total cost and expenses up 55%. You know, they got net income going down. They got dilute EPS going down, Chinatown. And so, in all due respect, Amazon's running laps around Meta right now. And until Zuckerberg can either get a control on this expenses or accelerate the revenue growth again, Meta is going to be dead money for a bit. And that comes from somebody that's a big matter shareholder. And I sold a significant amount of my shares earlier this year. We covered that on the channel, right? And I sold some at the end of last year. I'm happy I did. I'm very happy I did because Zuckerberg has no good answer for why they're spending all this money when you got revenue deceleration and it's significant revenue deceleration. It's not like a small amount. Like you go back just a quarter or two ago, they were growing deep in the 30s as far as revenue growth. Now they're down to 28%. Where's next quarter going to be? 26, 25? Where are we going here? And then you're spending all this money. They just took up the low end of the range for the spend. Meta doesn't deserve respect right now. They just don't. If you want to be long like me and you want to place for the next five years, okay, but I'm just telling you like they're not executing. Zuckerberg doesn't have a clear vision. And then even if he does start to try to build some new businesses and try to compete, what's the ROI on that? And he's going to be coming off a small basis. And so it's not going to add up to any big revenue growth anytime soon. So we got to call it how we see it. And the truth is AWS deserves to get a pass on capex. Meta, why would you? They're lighting they're lighting money on fire and they've been doing that forever in regards to the metaverse situation. We know that's been a joke for the longest time, right? So, we got to be honest with ourselves, man. We got to be honest with ourselves in regards to all these stocks, right? All right. Next one up here. Apple. Let's talk some Apple. So, Apple, this was an A+ grade from Apple. And then we'll get into uh two stocks that are ready to go insane. Uh yeah, A+ grade here. Product sales up 18%, services up 12%, total net sales up 16%, cost of sales 8%, services 12%. They kept all their expenses in line here as far as uh cost of sales go. Total cost of sales up 9%. When your net sales up 16%, your gross margin is going to go insane. It was up 25% year-over-year. That's a banger of a number for a company like Apple, as established as a company is. And it doesn't it's not really like they have many products in the market that are super exciting, right? You know, this iPhone's a decent generation here, but it's not like this is a game changer and like everybody's like, "Oh my gosh, I got to go get the newest iPhone. Oh my gosh." And so, but they got banger numbers, man. They're putting them up. Now, they did have a little issue here in regards to R&D. That was 32% growth there. total operating expenses grew 23% which is significantly faster than net sales growth but it is lower than gross margin growth as a percent there right operating income increased 27% for the company year-over-year net income up 27% EPS up 29% it's a great report from Apple it's an A+ grade overall now Tim Cook said Apple is evaluating all options in regards to memory market right you know there's nothing they can do other than pass on to the consumer you know it's like nothing in the short term at least long term I mean you can build your own memory business or something like that right or try to come out with some sort of software solutions that maybe use less memory so long term that may be options but short term as in the next 12 to 24 months there's nothing you can do you got to pay it and so that's why Micron SKH Samsung all these companies are just making fortunes of money right now right now we might look at this stock and say you know great report A+ why is stock price going Now, I'll explain to you why. Listen, Apple went into those earnings at pretty much all-time highs, right? You know, at least they went into today's trading day at pretty much all-time highs. And so, when a company like Apple goes in at all time highs, you really you really got to come through with, you know, crazy great numbers to get people really excited, especially when Apple's trading at a pretty rich uh trailing 12 month PE and pretty rich forward PE. you have to come through with just like banger numbers that make it every say okay if you're talking about like going up higher. You have to come out with a super strong guide and people looked at the guidance and they're kind of like you know or what what is perceived as a guide and they're like ah and so you know that that's that's what ends up going on there. Now Michael Bur says he added to his MU and Nvidia short positions right and and so my opinion on this is you know you're just likely a little early. You know, Micron, these sorts of stocks could be a good short at some point in time. And keep in mind, he could be right on with his timing, but man, when you talk about betting against dragons and you want to you want to you want to slay a dragon, which Micron's a dragon, Nvidia is a dragon, you better get your timing right. And I have big question marks about his timing. Like AMD, in my opinion, is about to add a whole new level of excitement to the semiconductor trade that really hasn't been there, right? and the memory companies are seen in a sweet spot for a while. And so he maybe he's going to be right, but I'm just like I think he's way early. I think the earliest you could really think about betting against those stocks is next year, 2027. That's my personal opinion, right? Uh at least if you want to try to make a big structural bet against those stocks. Um or potentially 2028. So I think either 2027 or 2028 is a time to come in and maybe consider doing something against those stocks. right now. I mean, dude, MU MU could go 1,500. I think there's a I think there's a 50/50 probability. I think it's a coin flip if MU goes 1500. So, I'm just I don't like the riskreward. And we talk about, you know, based upon MU's numbers, how I could see sentiment rolling. It's a coin flip if it goes to 1500. I just don't like the riskreward on that. You know, if it was like a 3% probability, okay, but not when it's like a 5050, I would say, and that's 1500. By that time, you're going to get destroyed on your short position. Like, oh my gosh. So, you know, you got you something I learned again, you know, when it comes to hedging our portfolio and betting against stocks, you better get your freaking timing right. You don't get it right on, it's not like going long a stock. It doesn't matter if you bought Amazon in 1997, 2001, 2005. Obviously, the earlier you bought it, the better, right? But there's still fortunes of money to be made. You didn't have to get your timing perfect. Betting against dragons, trying to slay dragons, you better get your timing right. And I think uh I have some question marks that he's right in regards to his timing there. Right. All right. Let's talk about two stocks that are ready to blast off. Now, keep in mind before we get into these two stocks, as I always tell you guys, when it comes to I have opinions, right, on what's about to roll. Am I going to place any short-term bets on either of these two stocks? The answer is absolutely not. 0% interest. 0% interest. I play these stocks from the long side. And I'm looking at kind of how these have been trading. I'm kind of looking at, you know, what I think of the fundamentals that are about to come out for these companies. And I believe they're about to go on an epic run. We can call it a nuke type run. But with that being said, I'm not going to go out there and, you know, margin out on these talks, buy a bunch of call options because that's just a fool's game in the end, right? Fool's game in the end. I mean, I just was reading some lady yesterday just posted, this was kind of going viral on the next. This one lady, she, you know, was margined out on the semiconductor stocks like AMD and she sold it all with a huge loss. So, she must have bought like at really high prices. She must have bought like in the 500s. I was like, "Lady, like this stock was $100. You get it for hundred something like last year. Why'd you wait till the stock was 500 plus to get in it?" Right? But it's the foolish things people do. I think she took like a half a million dollar loss. And and I saw that on X. I'm just like, "What are you doing? What are you doing, man? People do the foolish things." Okay, so two stocks that are ready to blast off in my personal opinion. One, AMD. Remember, I think the stock could go to all-time highs or near all-time highs before the earnings come out next week. No, people are looking at that, especially yesterday. You know, AMD was down to what 420 yesterday or whatever it was. People are looking at that like, what are you talking about, Jeremy? I mean, AMD's alltime high is around 580. You think the stock could get to that's a crazy call. I think it could happen. Uh, I think it's a real possibility the stock catches so much momentum and there's going to be so much hype and excitement before the earnings even drop that this stock could move to alltime highs or close to all-time highs before the earnings even come out. And then I think within 30 days of those numbers coming out, I think we're going 700 in AMD. 700 plus plus 700 plus. Okay. Very, very important. Now, I think that's also going to carry stocks like Micron along with it. So, I wouldn't be surprised if Micron goes back to that $1,200 level. And that's why I'm like, I don't know what Bur's up to here with the, you know, that that short position, but I think he's way early. Way early. I wouldn't be surprised if MU moves back to 1,200. And then what do you do when you, you know, shorten this stock today at 800 something and then next thing you know it goes back to 1,200. Now for AMD like what makes me so confident around this? Listen, shock and awe. Shock and awe. I think the shock and awe guidance is going to come always potential it doesn't come. I think there's going to be a shock and awe guidance way above Wall Street expectations. Even in the high range of Wall Street expectations, I think we're going to be significantly above that. But not only that, I think we're going to get a second or third quarter in a row where we get a shock and a so I think we're going to get this first shock and awe because AMD hasn't even done a shock and a guidance yet. We're get this first one and then we're likely going to get a second and a third just like AMD did or just like Nvidia did, you know, a few years ago. And so I don't think anybody's prepared for that. The first one's the most exciting one. So that's like oh my gosh, like what what what guidance was that? What? How? How are they even going to do that? How are they going to even make that many chips? Like, what is how what the pricing on this, right? Then you get a second one and you get a third one and you know, then people just start to take their numbers up so high it's almost impossible to beat them. That's why AMD likely tops at that point in time. And then people like, you know, why would you want to get why would you start want to start positioning out of the stock over the next 6 to9 months? The reason being is I see a potential here where AMD stock goes absolutely insane for the next six to nine months and price is in the multi-year gains ahead. And so then if there's not much gains because the stock goes so insane over the next six to9 months then I'm I'm going elsewhere because there's always great opportunities in the market. And so that's the way I look at it. Now, if let's say AMD is coming out with great numbers and the stock is stagnant, it's $500, $600, $400, then I would stay in it for the next several years, right? But if AMD goes a,000, goes $1,500, right? I'll be positioning out and I'll be like, "Hey, you guys want to ride it to 2K?" And I'll I'll keep some AMD shares no matter what, but I don't I'm not going to try to time the top on AMD. I will not try to time the top. I'll I'm looking at the stock and I'm like, if it goes beast mode over this next six to nine months, which I think is a high probability it does, I will be positioning out of most of my shares over time. Right now, what's the second stock? Well, if you are a member of my Patreon, you know today I bought three strong growth stocks in that portfolio. And what was one of them? SoFi. SoFi. SoFi's one that I think is ready to run. That was a huge bounceback day here today with an 8% move. I think that stock's ready to bounce, you know, all the way back to 20 plus. Now, at this point in time, I think you already got a lot of the fear out of SoFi. And there's just so much to be excited about there. I'm like, there's no reason to sell that stock. Like, I'm like, I don't even know who was selling yesterday. Literally, I'm like, who who would have sold SoFi yesterday with that banger of a report? Like, why would you sell SoFi yesterday? That seems like the most delusional thing to do. Especially if you're a bull on the stock for the next several years and you think they're going to become a fin fintech giant. You think they're going to become a banking giant? Like why sell SoFi yesterday? What in the world's going on here? You going to be flip my flapjacks. All righty, let's react to some videos here. Hope you guys are really enjoying this. Amazon, Meta, and then Anthony and SoFi >> report. Yeah, the AWS result is is nothing short of remarkable. It's not surprising because we got the good news from Google Cloud last week and from Microsoft Azure last night. But for a 100, this business is now at $170 billion a year run rate to be growing 37% from 31 from 28%. >> We're going to be at 300 quick. 300 Oh, and and that means in two ways. What do I mean by 300 quick? We're going to be at $300 stock price quick in regards to Amazon, but we're going to be at a $300 billion run rate from Amazon Web Services quick. Last quarter is an incredible acceleration. And that $25 billion of of AI revenue, that's real. When we talk about are these companies getting a a good return, yeah, $25 billion of uh of of annualized revenue at probably 35% margin. That's a very good return on that capex. Now, I didn't see capex guidance in the in the release, but assuming they don't give >> hold hold your horses. Wait a minute. Wait a minute. Listen, just because Amazon can be getting a good return on investment does not mean the rest of these companies are. And that's where people are, you know, we go back to the whole meta situation and it's like, oh, you know, Amazon's getting a pass and getting rewarded. Maybe Meta will. If you come through with the numbers, you will. But you got to come through with the results. you don't come through with the results, you're not going to be rewarded. You're going to be sold off. Investors want ones that are winners, not ones that hope to maybe be a winner someday, but there's no proof of that. >> Scary of a number on the call. I I would expect Amazon to hold on to these gates. >> Well, yeah. I mean, that was the first thing that I did uh control for sort of looking for that, trying to figure out whether they were actually going to mention it. And I guess that will be uh the bugaboo. But I am curious when you look at the products uh that they have uh being developed, the ones they already have there that they're trying to grow and they go through this one by one through the release. Uh is there any sort of way you would actually bet against them finding a way to capitalize on that capex? >> Right now they're doing an a very good job of capitalizing on it because they're not just offering the AI compute. They're offering their customers all the software that comes on top of that. the control plane and the orchestration layer and the harnesses and all the software that you need because buying an anthropic model is not enough anymore. You need to make it work for your business. And Amazon, just like Microsoft yesterday, is doing a very good job of selling their customers that product set. They don't have to have the frontier model, but if they help their customers, their business customers use the frontier the frontier models, well, they're adding value and they're capturing the value uh in in their results. Right now, >> Amazon free cash flow falling to an outflow of 7. >> So, I own Amazon stock. I own Google stock in the public account, right? I don't own Microsoft. What do Google and Amazon have specifically? That's very very exciting that Microsoft does not listen anthropic partnership with Amazon and Google specific is tight. And so with Anthropic absolutely exploding in regards to revenues, users, everything like that. That's huge for Google and for Amazon specific. Microsoft is very tied in with who? Open AI. Open AI is no longer the exciting story. Open AAI is like I don't want to say it's seen as toxic, but it's like you you know that's not the one you want to be tied to anymore. Like two years ago, oh my gosh, everybody want to be open AI, open AI. Now it's Anthropic. Anthropic is the one that's business is exploding higher. And so that is why I don't say the only reason, but that's one of the huge reasons why Google Cloud is going insane right now as far as growth rates and why AWS is as well. And so if you think Anthropic is going to be a lot more successful over the next year or two and you're very bullish on Anthropic specifically, the most direct indirect play you can possibly do, it's betting on Amazon and Google stock, specifically Amazon a little bit more in my personal opinion. Obviously, they're the big dog when it comes to the cloud. >> Six billion dollars trailing 12 months. What do you make of that? that had they reported a week ago and Google reported today, they'd be getting punished for that. But the the market had a week to digest the fact that Amazon will have negative free cash flow. And so that was already in the stock. People understood that that that's where they were headed. And so there's less of a concern about that. There's an understanding that Google uh Amazon and Meta will be cash flow negative. The standout is actually Microsoft that said they will remain cash flow positive which is why they got rewarded even more handsomely today in the market. >> I am wondering also what you make of just >> oh Mr. Softy was also the most beaten down of everybody. So that one had the lowest bar to like get some sort of momentum. how the company is going to be able to compete for cloud uh customers going forward in an environment where they're not the only, you know, leader in in cloud and AI going forward. >> Well, that was about a year ago. We were worried about that. We were worried about Microsoft and Google running away with it. But AWS's 37% growth is actually as impressive, if not more impressive, than the growth at Google and and Microsoft because it's on a much bigger scale. They're the leader. They're the incumbent. A year ago, they were they hadn't had their they hadn't found their footing. The key to Amazon, just like the key to Google's growth last week, the key to Amazon is that Anthropic is such a big customer. Amazon is providing most of Anthropic's compute and that huge ramp in Anthropic results this year is flowing through Amazon Web Services. That's why they have this accelerating growth because they were wise enough to invest in Anthropic early on and secure that Anthropic used their compute. Uh, before we let you go, I I do just have to get your thoughts. We are still awaiting the earnings uh later this hour from Apple. Obviously, a much different AI story, if you will. But when you start to think about the strategy that they've taken so far under Tim Cook and and about a month's time under John Turnis, give me a sense here as to where they fit in. >> Okay. So, we don't need to talk Apple. All right. Meta >> and I think there's more re and I think there's more revenue engines they can fire up and and the fact that you can't see those and everyone's asking, you know, what are those going to be >> is causing this concern. So, they're spending more on money on capex, but they're not giving an example of what are all these other initiatives they're going to drive. Is it selling cloud compute? Is it is there a bigger opportunity in messaging? Like what what are those? And I think that has got the concern on the other side of this. You've seen this with Microsoft, Google, others where they have more engines that are firing on the revenue side. And so again, I think it's the capex uh increase, lack of clarity where it's going to come, where the ROI, we're just bringing in that whole kind of market concern of the last couple weeks why the market sold off in AI. Is that are we >> Oh, Meta is a mess. You know, in all due respect, Meta is a mess, man. We got the out of control capex with no clear return on anything, right? We have decelerating revenue growth. We have brutal comps coming up over the next several quarters with decelerating revenue growth, right? And those comps are going to get really tough as the year ticks on. If they want to build any new businesses, it's going to be from basically zero, which means it's going to take years for those businesses to even grow into like a substantial number that matters for Meta. Amazon can grow AWS and it's such a massive business that when they put up a 37% growth number, it's a huge raw number. When you're building it, like let's say Meta starts a new business. Okay, exciting. And let's say, you know, the first year it does $200 million of revenue. Oh my gosh, that'd be amazing for almost any company in the world. $200 million from a new business. For Meta, it's a rounding error. It literally is irrelevant. So, it would take five plus years for that business to even reach a scale where people would like be like, "Oh, shoot. Look at this business. It's growing fast." is, you know, a big raw number now, you know, and then Zuckerberg, we we have no clue, you know, he has no clue what he's even doing with all this stuff. And so, you know, we got a bunch of problems in regards to Meta in the short term. A bunch. And when I say the short term, I'm really talking about for the next year. >> Money. Where's the return? How how much longer can we keep it going? Do they have to raise capital? >> I don't even want to talk Meta. Stressing me out. So, >> yeah, it's really interesting. Like, projects a lot of confidence. Let's just address the the the stock move and the story of the quarter. You know, maybe the street felt like you you needed to take the bottom line with you in your confidence. >> Let me be very crystal clear about this. Let me put a cap and a bow on this little uh or what they say, a bow and a ribbon on this little Meta situation. Meta is my most disappointing stock I hold. my most disappointing um as far as like the earnings in the story and everything going on with the business. It's the most disappointing of all my big positions. I >> think you're right. Um the quarter was incredibly strong. It was our 19th consecutive quarter of more than a rule of 40. It was actually a rule of 70 with 40% revenue growth, $1.2 billion and over a billion dollars of cash revenue. And our Ebida margin was 30% and we had really strong net income margin. I think the street likes the trend in the business today. Credits performed well. Our new products are getting great adoption. We're seeing the flywheel of being a one-stop shop uh driving success and increased products per member. Um so really positive story fundamentally uh in Q2. In Q3, we expect that fundamental story to remain intact um and continued strong member growth, product growth, and product member growth with good profitability. We did raise our revenue expectations for the year and the back half of the year, but we left earnings unchanged primarily because we want to make sure that we keep investing in the business to maintain these high levels of revenue growth for a longer period of time. And in addition to that, we're also now anticipating two rate increases as opposed to the beginning of the year when we anticipate two rate decreases. And that creates some uncertainty. And so we decide to have a little bit of a cushion um as it relates to earnings if something like that unfolds. But we couldn't be more confident in the business and the long-term profit. >> Listen, I thought that was a mistake by Anthony Notto. The whole, oh, we're expecting two rate increases now. It's just silly. Like, let's not try to play the game of like guessing where the Fed's going. The Fed has no clue where they're going. I could see them raising rates twice this year. Actually, that's kind of debatable. I could see them lowering rates twice this year. I could see them not moving rates at all this year. So to try to play guess where the Fed's going, I think it's a little bit of a silly game by Anthony Notto here. Um, and I think that distracted a lot of people from what was ultimately great results. But if he says, well, rates are going up twice, people don't want to own something banking related if they feel rates, it scares them away, right? >> It's just we're not going to take earnings up in the near term to try to drive, you know, market favorability that will be short short-term beneficial but not long-term prudent. >> Right. Le let's talk about uh the Fed. Why not? It's it's it's Fed day. No one wants to talk to the tech guy on Fed day >> really changed that much. It just eliminates some of the upside that one may have called today compared to a different environment. Um I think a stable economy with unemployment. >> Final question on the economic side you know desire to reduce credit and home equity loans. Uh and that's a secured loan that has of origination across our unsecured personal loans, our student loan refinancing and our home equity lines of credit and home equity loans. Uh and that's a secured loan that has a lower interest rate. So, and we recently launched small medium business and we see a lot of demand for small medium business loans as well. So, from our vantage point, the economy looks very strong. Inflation isn't causing consumers to hold back. We're not seeing an uptick in in unemployment. We're not seeing any deviation on the credit side. >> Let's talk about AI. When we went through the big bank earnings, there's debate. >> So, you know, they kind of talk basic about AI and how it's going to save cost in the business and help them get better loans and things like that, right? But listen, the business pushing bigger and bigger into loans, right? It's exciting, but it's also scary. Why is it scary? People say, "Okay, you're taking out more loans." Well, you're going to have more loan losses potentially over time, right? you know, if the economy ever got really ugly, you know, you could take huge losses. Uh, you know, if you got overleveraged with those loans, you could put yourself in a bankruptcy or have to sell the company for pennies on the dollar. And that's why Anthony needs to not go too crazy with the loans, right? And then additionally, if he can successfully sell off those loans to other parties and just kind of be a feebased play, that's good as well. you don't get as much upside as if you take the full risk, but at the same time, you know, you're you're putting yourself in a safer position for the long term, which for Zofi, it's just about the long-term opportunity. Like the biggest thing Anthony needs to do is never put the company at risk of going under, right? They keep attracting so many members. The members net worth is going to keep growing massively over the next 5, 10, 15, 20 years. They're on their way to becoming a financial giant. And so he needs to keep attracting members, try to take as little risk as possible, and um ultimately make what should be a financial giant over time. And so I'm a proud shareholder. This is one of many stocks I hold and uh yeah, all that good stuff. Okay, description area down there. I got a bunch of stuff down there. If you want to follow me on Instagram, X, want free workshops, want to apply to join my private group, if you want to join my Patreon, it's all linked in the description area down there. I appreciate you. Much love as always and have a great