Long term, this name has A LOT of upside in AI: RDS Wealth CEO

THE BIG QUESTION OF COURSE IS WHERE DO WE GO FROM HERE? I WANT TO BRING IN RDS WEALTH PRESIDENT THEIR CEO DELL SMOTHER S. GREAT TO SEE YOU IN STUDIO. I SAW THIS THE OTHER DAY AND IT'S A BEAUTIFUL REPRESENTATION OF THE AI TRADE, THE DRIVING FACTORS OF DATA CENTERS, COMPUTE MEMORY STORAGE NETWORKING AND COOLING. LET'S START WITH COMPUTE. LET'S START WITH THESE RESULTS. YOU KNOW, THE NEOCLOUD NAMES KILLED IT. >> NEOCLOUD IS KILLING IT RIGHT NOW. COREWEAVE IN PARTICULAR WE HAVE BEEN A BUYER AT COREWEAVE'S LOWS CONTINUING TO ADD TO A NAME LONG-TERM HAS A LOT OF UPSIDE AND YOU SEE AN INCREDIBLE REVENUE COMING IN. THIS QUARTERLY REVENUE WAS OFF THE CHARTS. IT DOUBLED LAST QUARTER'S REVENUE AND WE EXPECT A LOT MORE IN RETURN HERE IN THE NEXT COUPLE OF WEEKS EVEN I THINK YOU'LL SEE THAT. CHARLES: HOW ABOUT THE THINGS WITH THE A-100'S MAN? AND I GUESS IT GETS TO THE POINT LIKE IS THE COMPUTE AN ASSET? THIS THING ANNOUNCED EARLIER IN THE WEEK WITH NVIDIA AND BIG BANKS, IS THAT GOING TO WORK THE $500 BILLION? >> I TOTALLY THINK IT'S GOING TO WORK. NVIDIA IS NOT GOING TO BE REPLACED BY THESE COMPANIES LIKE COREWEAVE AND NEBIUS WHICH YOU TALK ABOUT AND WE LOOK AT NVIDIA AS THE RACETRACK THESE AI NAMES RACE ON AND THESE NEOCLOUDS ACTING AS THE RACE HORSE TRAINER S, MAKING THESE NAMES RUN EVEN FASTER. CHARLES: JUST LOOK AT THE LAST FIVE QUARTERS FOLKS. THIS IS THE BACKLOG FROM 26 BILLION TO $100 BILLION. THIS IS JUST OUTRAGEOUS AND BY THE WAY IT'S SO GOOD, COREWEAVE- NEBIUS, SPACEX WHEN THEY REPORTED SORT OF SAYING HEY , WE'RE NEOCLOUD TOO AND IT KIND OF PUTS PRESSURE ON THESE NAMES. YOU OWN THESE STOCKS ARE YOU CONCERNED? >> I THINK THERE'S ENOUGH ROOM FOR ALL OF THESE NAMES TO REALLY EXIST AND CO-EXIST IN THE NEXT 12-24 MONTHS AND SPACEX IS NOT NECESSARILY A THREAT TO COREWEAVE OR NEBIUS IN OUR OPINION, $105 BILLION WORTH OF BACKLOG, WITH COREWEAVE'S MOST RECENT EARNINGS REPORT. THAT BACKLOG, THAT DEMAND CONTINUES. CHARLES: LET'S TALK ABOUT ANOTHER NAME, LAMENTUM, PHENOMENAL NUMBERS AGAIN, FOR LAMENTUM AND THIS IS WHAT WAS THE KEY DURING THE CALL. THE CEO SAYING I LINE TO ADDRESS RECENT NOISE ABOUT CO-PACKAGED C PO, FIRST OUR LEAD IN CO-PACKAGE PRODUCTION CUSTOMER PLANS TO REMAIN VERY MITCH ON MUCH ON TRACK SO WE KNOW IF YOU LOOK AT WHERE ALL THESE THINGS ARE GOING, YOU CAN SEE OUT TO 2030 AND 2031 WITH THESE OPTICAL NAMES. >> EXACTLY RIGHT. THERE'S A LOT OF MONEY TO BE MADE HERE AND I SEE AI IS NOT A SINGLE TRADE BY ANY MEANS AND IT'S AN ECOSYSTEM. THERE'S SO MUCH MONEY TO BE MADE IN THE AI ECOSYSTEM RIGHT NOW. THESE NAMES LIKE LAMENTUM ARE EXACTLY WHERE YOU NEED TO BE LOOKING FOR THE NEXT LEG HIGHER IN AI. IT IS CERTAINLY GOING TO BE THE CONNECTIVITY THROUGH THESE NAMES LIKE LAMENTUM. CHARLES: THE MEMORY TRADE WAS THE HOTTEST BOTTLENECK INITIALLY THIS IS A HOT BOTTLENECK, SO MEMORY. WHERE ARE YOU WITH MEMORY? >> I THINK THE MEMORY SHORTAGE IS HERE AND IT'S VERY CLEAR TO SEE THAT. CHARLES: DRAM PRICING, THIS IS NOT EVEN A HIGH BANDWIDTH MEMORY JUST PLAIN VANILLA DRAM STUFF AND THOSE PRICES STILL KEEP GOING UP. >> IN THIS NAME, IN THIS AREA, WE LIKE MICRON AND WE LIKE SANDISK. THESE ARE OUR TWO LEADERS WE LIKE TO LEAN INTO THAT LEADERSHIP BUT MEMORY IS A SUPPLY AND DEMAND STORY AND THE SUPPLY CERTAINLY IS NOT AT THE DEMAND. YOU SEE APPLE EVEN SAYING THEY ARE HAVING TO GO TO CHINA TO BE ABLE TO FULFILL THEIR SUPPLY. I THINK THAT AMERICA HAS TO LEAN INTO THIS MEMORY TRADE SPECIFICALLY BECAUSE WE WANT TO WIN THIS. CHARLES: I AGREE WITH YOU A THOUSAND PERCENT AND THE PULLBACK IN THESE NAMES WERE A GIFT FOR INVESTORS. LET'S TALK ABOUT THE OVERALL MARKET, BECAUSE YOU'VE BEEN BULL ISH SINCE I'VE KNOWN YOU. WHICH IS GREAT. THIS IS JUST THE LAST FEW YEARS, RIGHT? BCA PUT THIS OUT AND GENERALLY, THEY ARE BEARISH AND ITS BEEN TOUGH BEING BEARISH BECAUSE YOU GET DIPS BUT WE RECOVER OUT OF THEM VERY, VERY QUICKLY AND YOU'VE GOT A PRETTY HIGH TARGET AND YOU EXPECT THIS MARKET TO GO MUCH HIGHER. >> OF COURSE WE'VE BEEN SAYING 8,000 SINCE THE BEGINNING OF THE YEAR EVEN IN THE SMALL DIP AND WE BELIEVE BECAUSE OF EARNINGS. EARNINGS ARE GOING TO CONTINUE TO DRIVE THIS MARKET HIGHER AND WE'VE SEEN A BROADENING OUT OVER THE LAST COUPLE OF MONTHS, WE SAW ROTATION FROM TECH INTO THE BROADER MARKET, RSP LEADS THE S PY INDEX RIGHT NOW. THAT'S HUGE AND HEALTHY FOR CONTINUED RUN-UP. CHARLES: EQUAL WEIGHT RIGHT NEW MEANS IT'S MORE THAN JUST TECH. EVEN THOUGH TECH IS THE ENGINE, IT'S MORE THAN JUST TECH. >> IT TAKES US TO THE NEXT LEG HIGHER AND WE SEE THE GAP FILL IN WITH THE BROADER MARKET CHARLES AND THIS IS PAY HEALTHY RUN TO 8,000 BUT I'LL TELL YOU AND TELL ALL OUR VIEWERS 8,000 CERTAINLY DOESN'T COME IN A STRAIGHT LINE AND IT'S IMPORTANT TO UNDERSTAND WE MAY REVISIT THE LOW 7,000. STAY THE COURSE AND KNOW WHAT YOU OWN. CHARLES: BEFORE I LET YOU GO, BERKSHIRE HATHAWAY IS A NAME YOU'RE TALKING, SEEMS NEW AT LEAST I HAVEN'T HEARD YOU MENTION IT BEFORE. IT'S STARTING TO COME ON PRETTY NICELY. THEY SPENT SOME MONEY, DID PUT MONEY TO WORK. YOU'RE BETTING ON THEM? >> I THINK THEY ARE A NET BUYER NOW FINALLY AND IF ANYTHING THIS JUST RESETS THE THESIS THAT BERKSHIRE IS HOLDING ON TO THIS CASH. TRILLIONS OF DOLLARS ON THE SIDELINES BUT WHEN YOU HAVE NAME LIKE BERKSHIRE STARTING TO GET MORE BULLISH IN THE SENTIMENT OF THE OVERALL MARKET IT'S POSITIVE. CHARLES: IS IT POSITIVE FOR THE MARKET? BUT WOULD YOU BE A BUYER OF THEIR STOCK? >> I THINK YOU'RE A BUYER LONG-TERM FOR BERKSHIRE BUT YOU DON'T EXPECT IT TO DO LIKE THE NEOCLOUD NAMES HAVE DONE ANY TIME SOON BUT THIS CONTINUES TO GO LONG, HIGH INTO THE RIGHT AS WE GO LONG-TERM IT PAYS TO BE BULLISH ON A NAME LIKE THIS. CHARLES: BEFORE I LET YOU GO ONE THING I LOVE ABOUT YOU IS THAT YOU PUT YOUR MONEY WHERE YOUR MOUTH IS. FOLKS THIS IS A DISCLOSURE RIGHT HERE FOR THIS MAN. NEBIUS COREWEAVE MICRON SANDISK, APPLE, NVIDIA, IN MANY CASES THE FAMILY OWNS IT SO YOU PUT YOUR MONEY WHERE YOUR MOUTH IS? >> A LOT OF PEOPLE MAY SAY THIS IS TALK IN THE BOOK BUT THE REALITY IS IT'S A BOOK FOR A REASON AND WE BELIEVE EVERY DOLLAR IN A PORTFOLIO NEEDS A JOB AND THE MONEY THAT NEEDS TO BE HUNTING SHOUL