Insane Stock Price Deals are Coming‼️

You got to be flipping my flapjacks. It's September. It's September, ladies and gentlemen. And do you know how you know? Well, you know, because I got some pumpkin candles burning behind me in today's video. And you know how else you know? The stock market's going down. Okay. Uh NASDAQ 100 here day. Very first day of September. Oh, what a what a bang we're off to here, right? Down 1.29% down 379 points for the NASDAQ 100. Okay. The NASDAQ has been stuck. The stock market's been stuck for months now at this point in time. Right? You go back to May. We're basically the same levels we were back in May. Right now we're September. So I want to answer in this video, why is a stock market stuck right now? And when does it come, let's call it, unstuck. Okay? So we'll speak about that. Then I want to talk about September. And I want to talk about if this is going to be a great time to be a dip buyer. Okay? We'll speak about that in this video. Then from there, I want to talk about some specific stock moves out there, some stocks I'm looking to purchase. Okay. From there, I want to go ahead and react to a few videos as this is a reaction channel, Jeremy Lefay makes money. I want to react to Tom Lee. He went on CNBC here in the past day, spoke about his views on where this market's headed. Looking forward to reacting that one. I want to react to this one. We're going back to a stock picker market. Oh, I can't wait to react to that one. And then the last one I want to react to here today is entire AI trade hinges on midterm results. I thought this was actually a really good little uh 4-minute clip here that I want to react to with you guys. Um yeah, that one was a banger. Okay, I appreciate you all for joining me as always. Thanks so much for being here. One thing and one thing only I need from you. Just smash that like button. Hit that little thumbs up icon. For every single person that's already done it, you're the best. I appreciate that I didn't even have to ask you to do it. And for the people that I do have to ask, I I hope you join us on the smashing of the thumbs up uh gang, okay? Uh we would appreciate it and I hope you guys appreciate this massive sale I'm going to have. This is the last Patreon sale we're doing for the year. We did one earlier this year for the Patreon and this is going to be our last deal of 2026 for the Patreon. Uh that particular tier is usually 145. You're going to be able to join for 59 bucks and be grandfathered at that price. And this is for my highest Patreon tier. You're going to get access to become a master stock market course. You're going to get access to the loss lessons and you're going to get access to the Patreon buys and sells each week. So you can see what stocks I'm buying and selling each week as well as a few other features in there as well. It's a banger. And so this deal is specific for people that really have under a $50,000 portfolio. So if you have under a 50k portfolio and you're watching this, you're definitely going to want to get in on the deal. Okay? If you're somebody you're watching this, you got like, you know, a half million dollar portfolio, you're going to want to join the private group. But for the people that are under $50,000 portfolio, this is a deal for you. You're going to learn so much being part of this. You're going to really enjoy it. So, that will be the pinned comment down there. And uh to get notified for it, you can enter in your email, your phone number, whatever. Uh whether you want to receive the deal via text or whether you want to receive via email, that will be a one day sale. Okay? All righty, ladies and gentlemen. So, listen. Why is the stock market stuck? Let me explain why the stock market is stuck. The stock market's stuck right now. Because you understand there's a few stocks that run the whole market. We know what those companies are. It's Nvidia, it's Amazon, it's Google, it's Meta, right? Apple, Microsoft. So, why would the stock market not be stuck right now? The issue you have is Nvidia's numbers are a banger. We all know that. It's not a surprise. The issue is Nvidia has no room for their margins to really grow anymore because they're so ridiculous that the only realistic place for Nvidia's margins to go a year from now, two years from now is down. It's like, you know, like how you going to grow those margins anymore. It's just out of control. Ridiculous, right? And that's the sort of margin you can you can command when the demand's just insatiable as it is right now for those chips, right? That doesn't last forever. We know that you we always go through chip cycles, right? Um, also where's Nvidia's business two years from now? I wouldn't be surprised if they stagnate their business two years out, right? And so, like, why are people going to go run to buy Nvidia right now? The numbers are great, but if your margins start going down, right? And your revenue stagnates a year or two from now? No one wants to run into a semiconductor stock in that situation because you're going down probably 30 to 60% on the stock price. So, people aren't going to run out to go buy Nvidia. So that that's why the biggest stock is stuck, right? Apple it has a rich valuation. So how are you going to get Apple to go up in any substantial way, right? It's just that that stock is stuck. Microsoft stuck because of their spending, right? And also their investment in OpenAI and Open AI is actually seen as unfavorable right now. Anthropic, the one that now has all the hype. So the excitement that Microsoft used to have because of their relationship with OpenAI, that's actually died down significantly. Now uh at this point in time, right? Additionally, if you look at the Meta, Amazon, Google, those sorts of companies, the spending is so out of control that no one wants to run into those stocks because if you run the depreciation schedule over the next 5 to 6 years, it's going to hurt EPS dramatically. And also now those companies are all moving to negative free cash flow, right? So, you just have issue after issue after issue with the top of the market where people just aren't excited to go out there and, you know, go buy those stocks and send them to new blast off new all-time highs, right? And so, that's what's going on there. The thing that's not that's keeping those stocks from like crashing right now is the spending hasn't gotten so ridiculous that it's, you know, going to put these companies in massive debt quite yet, but it could be going there next year. And that's that's the moment those stocks crash actually and they don't just like stagnate. Okay. And so what's going to unstick the market? Yeah. I mean it would really be a slowdown in spending because then at least you know Nvidia would be hurt by that. No debate, right? But Amazon, Meta, Google, Microsoft, those sorts of companies could start to actually prosper in their stock prices would start to move up. But you know the the the slow like in terms of like uh subtraction of spend, you're probably still two years out from that, maybe even three years out from that, right? you know, they're going to all go up on their capex, you know, another pretty big number, at least tens of billions of dollars each next year. So, it really is going to take that to happen. Then those stock prices get hammered and then 28 or 29 numbers are much more modest, right? And then those stocks can move up, right? So, that's kind of what's going on there. Uh, but then you got to ask yourself, okay, September, we're in September now at this point in time. like what are we looking at here for the stock market for September? Is it are we going to get a big move down in the market and some insane buying opportunities? And the answer is likely you're going to get some great buying opportunities in September, right? I posted this on my X page here today and if you uh follow me on X, I I posted this just a bit ago, but uh if you want to follow me on X, that's always linked in the description area of all my videos. I post a lot on NEX, so if you use it, you'll definitely enjoy following me on there. Uh but I put I posted this here today. Six of the past 10 years have been negative for QQQ return on average is uh over the last 10 years is negative 1.5%. So the moral and and the moves are pretty dramatic in September for the Q's and I mean dramatic up and dramatic down like big moves and so the higher probability is you get a down month in September. You get some incredible buying opportunities right to gobble up those. So, as far as me in September, it'll definitely be, you know, obviously I do my every week buys, but I'm going to probably do some additional buys this month in September as well. Some of those kind of what I call freak buys where I just put in an extra 20,000, 40,000, 70,000 and do like a big like oneoff standalone big buy. So, you'll likely see me do some of that in September as well, right? Um, but yeah, the moral of the story is there's a lot of stocks that are already great deals out there and you could get better deals on some of these, right? Um, with that being said, don't try to perfectly time it. Like if there's a stock out there and you're like, "Oh my gosh, I think the stock is a double up, triple up, quadruple up over the next 5 years, don't get cute around like the perfect price. If you get even better price to buy, great. But don't try to be so specific with it that you miss the great opportunity because you, you know, were looking for this perfect price." like like for instance Palanteer, you know, I was loading up on Palunteer in 2022 at 109 8 $7 a share, right? Some people wanted to try to wait till it was like 550 and never went to 550, right? And then the stock proceeded to over the next few years go to 200. You don't want to stick yourself in that situation. Like if you if it has massive long-term up, you know, upside, don't worry about, you know, if you know 5 or 10% was the difference there. Because if it has a double up, triple up opportunity, five or 10 percent is going to be irrelevant. If it has a 10x opportunity over the next 10 years, who cares about a flipping flapjack and, you know, uh 2% here or 5% there? It's literally irrelevant. Right now, in terms of some stocks I'm watching, I'm really watching Whirly Whirl. That one's down to 37. That's like I'm keeping a close eye on that one. That's one I wanted to get a position started in, but I still haven't yet. I'm just kind of waiting. I'm kind of want that. I want confidence about the real estate market starting to come back. I don't feel it yet, but it I feel like we're getting closer, right? And as we keep pushing out here, we're getting closer. So, you know, I feel like with each passing week, I get closer to starting a whirlpool position, but I haven't done it yet. Right. Hims is down there. Bath & Body Works keeping a good eye there on that one. E.L.F. has been insanely redot. RH keeping a very close eye there. Celsius, one of the best buys in the entire stock market in my opinion. I featured that stock last night. Uh last night I did like, you know, four stocks to buy September 2026 edition on the main channel. And one of the four stocks I featured, guess what it was? It was Celsius. Celsius is, you know, anywhere and I I was talking in the video like anywhere in the 28 to 33 range is just I just want to gobble up as many shares as I can. Celsius. Obviously, I would love it lower than 28. put it put it down to 27, put it down 25, put it down dosey-do 22. But, you know, I'm not going to hold my breath on that. The moral of the story is 28 to 33 range. I'm just gobbling up as many shares I possibly can here, right? Uh, as far as these big techs, not really interested. Oracle, not really interested. In two, it's great business model, but not too interested. Um, Snowflake, eh, you know, Palanteer's rich, that one remains stuck, right? I talked about that last year stock going to be multi-year stock between 125 and 200ish and that's exactly what we're seeing play out right so yeah other than that just you know it is what it is I think the one that will catch fire is going to be AMD I think AMD still goes on an absolute ripper rally before now and the end of the year right and so uh that's going to be a fun party but you got to get through September 1st right um September for semiconductor stocks can many times be a little rough, right? Uh and then other semiconductor stocks out there like the me the memory plays. I wouldn't be surprised if those go on another rip or rally before the end of the year. You know, I think people are a little premature in announcing the death of AMD, of Micron, of those sorts of stocks. I think um I think if you want to talk about that a year or two from now, I think it's a fair subject. I think just trying to make that call already in 2026 is, you know, I think it's going to prove to be wrong. I think those stocks still have at least one more absolute ripper run in them, maybe two. So, and then there's going to be and and a lot of people think like, okay, right after that they crash. Not necessarily. I think after that run, you're going to have a kangaroo period for those stocks where they move up and down and up and down kind of like Palanteer's been going through over the past year. Kind of like Nvidia's been going through in the past year, right? But they're kind of moving up, moving down like, you know, people feel bullish around Nvidia, moves, you know, into the very low 200s and then they get bearish on it, it can go down to 125. And same exact thing with Palanteer. Palanteer, people get bearish on it, it moves down to that 125ish range, maybe a little under, and then when people feel really bullish about it, it moves up to like 200ish, right? And so that's just kind of the dynamic you have at this point in time. So, but yeah, there's definitely some great buying opportunities now. And if this month continues to be a uh let's call it a rougher month, a down month for the market, I think you're just going to have some great buying opportunities that will lead you for this next kind of I would say five to seven week period, right? As we go through September into the beginning of October and then Yeah. fun times. Fun times. Okay, let's react to some videos. Tom Lee, >> we we were talking about it high and tight. You decided to go with that, right? Yeah. It's good. Good that you did. He's head of re research at Fundstrat and chief investment officer, Fundstrat Capital, as well as a CNBC contributor. We we won't have to deal with uh where people focus on that on Twitter instead of uh instead of your calls. So that we got that going for us. Tom, August you want you thought would be very good and it was good, but it's not 8,000 on the S&P. It's not 7,800. Then September you thought there might be a convergence of the worries that that have been >> Whoa. You going to be flipping my flapjacks. Holy smokes. This ain't no jokers. Look at these people out here in Times Square like, "Oh my gosh, Tom Lee. Tom Lee on CMC." I wonder if they even know who Tom Lee is. Imagine it's like a Tom Lee like fan club like like holding signs. Tom Lee, we love you. Come sign our autograph, Tom Lee. >> Keeping everyone else bearish for the while you've been bullish. You think that you thought they were going to come home to roost in September and maybe have a 10% pullback. Yeah, that that is what I'm sort of thinking as a base case, you know, because there's a lot of crossurrens this month. Um, like Joe Leavia talking about a Fed hike in September, uh, the AI data center backlash, and there's the seasonality issue, you know, September's a weak month, but I'm actually now thinking because of all this mounting concern, the market might surprise us to the upsides. And I think maybe September 15th, the Fed meeting is the pivot point. If the Fed doesn't cut, doesn't hike, which is our base case, I think actually the markets could rally very strong. >> It wouldn't be one. >> Whoa. Big call. Palm Lee is sounds actually very very bullish for September and especially if the Fed does not hike rates. >> One of those situations where the credibility is is at issue and that the market actually wants a hike. the market never wants a hike, did >> That's right. I I think I agree with your statement earlier this morning that uh he wants to signal um credibility, but he wants the data to kind of play out and if the data we have the jobs report Friday and we have a CPI report in earlier in September. I I think if both are weaker, I think, you know, the market's not going to price a hike. This would be then sort of um re revising your call for a pretty big pretty substantial correction this year then would or are you now saying October or November when it comes? Yeah, maybe it gets pushed into October cuz you know I think the consensus view is that midterms are going to be a launch point for stocks to go higher but maybe that's maybe October which is normally the month of um big moves you know could actually be a weak month instead >> would it but it could be from above 8,000 then >> yeah yeah maybe above 8,000 >> then then the lows could be not that different from where we were a couple months ago. Yeah, maybe 73, 74, something like that, >> which we could probably uh handle without that that we could handle without really giving that much back, but it would certainly instill a lot of fear and and loathing and and everything else from from people who think now we're going down to 6,000 or or whatever or even worse. >> Yeah, I agree. I mean, every time the market's flat for the week, people start to think it's a bare market starting, you know? So, I think people flip bearish very easily. They're ready for that. Uh I I know. What about um >> Hey, hey, hey, everybody's been flip bearish. Like look at the AI investor sentiment. Do you guys look at those AI investor sentiment numbers each week? They're just overwhelmingly bearish all the time. Like it's insane. Like way more than average. Wild. >> Crypto and in Bitcoin. That that was weird, wasn't it? What what did you attribute the move to the meeting with executives in in the White House or or it was just ready? Yeah, I mean I think the way we would look at it is one I think this year crypto fundamentals have been good because we know the tokenization movements very strong. I mean Robin Hood was a breakout product launch. I mean really one of the biggest hits and Aentic AI is good for crypto but we were in the middle of that crypto winter. I do think catalysts have come together uh and actually going to really strengthen into year end because one uh crypto is the best performing macro asset in the third quarter so far. So I think September and the fourth quarter there's going to be institutional allocation to crypto. The second is you know the crypto four-year cycle basically ends next month. So I think people who've turned off crypto on their screens are going to come back. the Korean investor, which was really big in crypto. You know, they rotated into AI early this year, but we're already seeing volumes pick up in Korea, so they're rotating back into crypto. And the final is if Clarity Act passes, which could happen this year. And if it does, I think, you know, Bitcoin and Ethereum have a huge fourth quarter. >> So, is crypto winter over? And >> whoa, whoa, whoa. Hold your horses. One flipping flag moment. Listen, don't ever count on the government or something getting passed. I'm just going to be honest with you guys. Uh it's doesn't work. Like I I got sucked into that whole thing uh years ago in with the Jack Jackson stocks and like the government was supposed to pass certain laws and they just year by year would go by and it was like nothing would happen. And so don't hold your breath on waiting for some sort of act to pass or something where the government's supposed to do something. and >> the huge third and fourth quarter. Does it make up for what we've seen over the last year and declines in Bitcoin? >> Yeah, I I think uh it's been a very shallow crypto winner. >> I like when two of my stocks are up there for uh August S&P 500 leaders. That makes me feel good. >> Um but there was a massive amount of deleveraging. Like October was a big step down and then earlier this year twice. So I I think very few people own crypto. That's why I think, you know, Bitcoin could easily, you know, be in the six figures. Maybe >> we get the rate hike. What happens >> on the crypto side? >> I mean, it's going to be a good test. Um, but we already know that the long end has risen. So, if we get a hike and long yields fall, that's actually monetary easing. So, it it may have to do with how long-term yields act react to a Fed hike. You actually said there was going to be a a jump in crypto. I think it was last time you were wrong. I mean, you is this what you were talking about or even more that up to 90,000? I can't remember what you said, but you thought it was going to >> Yeah. >> take off. >> He's like, "Hey, bro. Just wait. Jeremy's going to react to this video. I got to make sure I wave back here." >> I think this is the Somebody needs to go back there with a 1000X hat on. The only people I send those thousandx hats to are seven figure. When you hit the seven figure club in the private group, I send you a we send you the award and then we send you a 1000X hat, which I don't have one of the specific ones we send to private group members. It's a Nike one. It's not this one. This is a oneoff. This is a 101 right here. And it's not this one. This is also a 101 here. I got a lot of 101's. And that's not this one. This is a 101. It's a different one. But anyways, need you guys to go back there with your thousandx hats on. >> Beginning. Yeah, I think it's the first leg up because this was like a catching people off sides move in crypto. >> Yeah. >> Um I I think institutional investors are buying crypto stocks. That's really evident. Like the volumes have really jumped and that's a sign that they're betting on a big fourth quarter. And >> in all due respect, Tom Lee, like it could just be like crypto's gone up very recently here and so they're like, "Oh crap, crypto's going on a run. Let's let's jump into those sorts of stocks cuz they're going to bounce big, right?" And I mean, Bitcoin and Ethereum like have both bounced several times over the past year, all to go lower in the end, right? And supposedly Bitcoin and Ethereum aren't supposed to bottom until the fourth quarter. So >> about what he's seeing in the markets is Sarat Sephi. He is portfolio manager at DCLA. He's also a CNBC contributor. And Sarat, good morning. >> Great to see you. >> Good morning. >> What do you What do you make of the downturn today? We pointed out earlier it's because oil prices are higher once again this morning. Treasury yields are up as well. How are you feeling as an investor? Yeah, I think Becky, we're going into a, you know, a period in the next few days which is going to be trading not as much as we normally see, but also you've got the geopolitical uh issues kind of coming up front and center. oil prices are rising, interest rates are rising, and I think, you know, investors are looking to see how this is going to affect uh really the long-term kind of earnings future because not just the inflation piece, but you're going to get real prices going up and how is that going to affect the consumer uh who's kind of, you know, in the K-shaped economy and does it affect the upper K at some point and then inward prices as we go into the fall when everybody gets back from school and we really look at kind of what the true economy is doing And that sounds like you are a little nervous as an investor. Am I right to read that into that? I >> I think you know we're pretty fairly valued here. If you kind of come through earning season, um the areas that have done well are some of the areas that have been out of favor. Whether it's been healthcare or staples, they've all kind of come back. Software has come back. So really now it's going to be pockets of opportunity. It's not like this uh bifurcated market where it's really cheap on one side. Things have come back. So, you know, we're going back to that uh hey, it's a stock pickers market. Uh what are the opportunities going to be there? You had great earnings in in technology. Stocks really didn't go too far. So, it's going to be a show me story. Hyperscalers have spent a lot of money. Where's the return of investment, the ROIC that we look for? So, it's all there. The question is who's going to actually execute for the next couple of quarters? Uh and then investors are going to reward those that have true returns as opposed to spending cash. Well, let's >> So, this man just said this is a stock pickers market. Listen, it's all first off, it's always a stock picker market. Like, if you know what you're doing in this game, it's always a stock picker market. Like, the opportunities are presented are incredible, right? But I understand and I agree with it's more heavy of a stock picker market now at this point in time. Uh, and the reason being is you have a lot of big, very important stocks that can move the market stuck. They're stuck in the mud and they're going to remain stuck in the mud for a bit, right? Until fundamental changes come with those companies and that's still a while away. And so to get any sort of major gains from the top of the market, it's it's tough to come by, you know, for the, you know, foreseeable future here. But there's so many incredible opportunities on stocks that are ready to mount bounce huge over the next several years that are not at the very top of the market, right? And so, you know, a great example over the past few months has been ELF. Look at Elf on the Shelf stock. That stock was 49. You go back, you know, 3 months ago, that's a $49 stock. And today it's 100 something, right? Look at the move in EL. E seems like just a snap of fingers ago was in the 70s and now it's 100 plus. Look at Service Now and look at Salesforce. Those stocks were as dead as dead could be three months ago and now they're two of the hottest stocks in the entire stock market. A matter of fact, I think Salesforce still found a way to be green today, even with all that Red Dead Redemption out there today in the NASDAQ and with tech stocks, right? And so, yeah, that's going to be the way it remains. Uh, you know, gains for the overall market are going to be tougher. gains for stocks that are insanely discounted is and if you get in the right ones, oh my gosh, is it going to be a lot of money to be made. And so, um, 100%. It's always a stock pickers market, but I think we're for the past like I would say 6 to 12 months, we're in a heavier stock pickers market and we're going to remain there for the next 6 to 12 months. >> Talk about some of the companies that you like. Uh, first of all, Salesforce, which just reported its earnings last week. That stock was up 22 23% I think it was its biggest 1-day gain since all the way back to 2020 after its earnings. Did you like the stock before the earnings or after you heard what they had to say? >> We did. So just to be fair, we started buying it when it was at this level before all the way down um you know to the high 100s. And really what happened like you the stock was was normally trades at 20 plus times cash flow went all the way down to eight times. It's now trading at 13 times uh near-term cash flow. really what the what the story behind it was, hey, Salesforce is not just doing it themselves. They're partnering with Cloud Force, Agentic. And >> by the way, Salesforce stock has now jumped $100 plus a share from its lows it hit this year. 100 plus big number. >> You didn't see any loss of customers. You saw accelerated growth and and the SAS accomplice wasn't really there, but it was hard buying the stock because the semi against software trade was really strong. But I think when you look at some of these software companies that are embedded horizontally in enterprise, it's going to be hard to displace them. But you know 13 times growing at 10 times uh I think you get companies like a Salesforce. June 22nd what is that 2 and 1/2 months ago you could get Salesforce shares for 147. 147 put you straight to heaven. >> Uh that will do well in your portfolio >> by 11. The only question with Salesforce gains were, you know, the the company I I think if you looked at it, revenue was up by about 11% year-over-year, their adjusted earnings per share was more than double the year ago figure, but a huge portion of that bottom line beat was because of the investment gains that they got from Anthropic. I think that was a $2.6 billion investment gain. If you strip that back out, earnings were up about 16%. The company didn't make a lot of um point of telling people that. Obviously, we know that we can read into it, but how do you strip out those investment gains versus what you actually saw with the company, which >> No, you're absolutely right over here. >> I I think you're absolutely right, and you have to kind of look at that broad base across all the other sectors. But, uh, let me go back to you're trading at 13 times, you know, near-term cash flow growing 16%, we actually think it's probably going to grow close to 10 to 12%. I take that as a PEG ratio any day. uh huge cash flow buying back shares but I do think you need to strip out and say hey this is not a stock that's going to trade at 20 plus earnings it's going to be more in the 1012 and in an u you know where higher interest rates in an area where we think growth is not going to be that great to have I want companies that are growing not just because they're doing acquisitions but because they actually have organic growth >> yeah and and the company did show that as well >> yeah uh and the thing with Salesforce that I think is really exciting for the future of that stock is I believe there's been a fundamental change in how people look at Salesforce and I think this is very important I tell everybody this okay because if you're wondering like is the move stopped in Salesforce is it going to keep going listen I believe based upon their recent actions I believe that people now believe that Salesforce can become a trillion dollar company over the next 5 to 10 years. And I would say even three months ago, there was a lot of doubt about like the company's future and if this was just going to be a dead stock, a dead money stock. I believe now with the partnership with Anthropic, I think people believe that Salesforce could have the trillion dollar opportunity in front of themselves, right? And can execute on that over this next 5 to 10 year span. And that fundamentally switches everything with the stock, the how much you're willing to pay for it. Uh the moves can be dramatically bigger than anything you thought. And that's also why Salesforce has jumped over $100 a share now from those lows, right? And keep in mind, people, you know, Salesforce had already bottomed and started moving up, you know, before the the anthropic announcement. But listen, moves like that are getting worked on behind the scenes from, you know, usually many months before, right? So, it could have been back in June like, you know, early rumblings from maybe Salesforce employees. This person tells this person, this person tells this person, hey, we're working on a deal with Enthropic, right? News starts to flow around that. Yeah. And it's all happening behind the scenes, right? And these are all very high net worth individuals talking with this person, talking with this person, right? And kind of getting wind of like, hey, anthropic deals coming, anthropic deals coming, right? And so you start to see momentum with the stock. And so that stock was showing momentum cuz I mean, you look at that stock June 22nd, it's 147, right? By the time you get to August 21st, right? So we can call it about a month later, the stock's 210. So before this announcement even came, it already moved from 147 and 210. That in my opinion, a lot of that's just based on probably people talking behind the scenes about, hey, an anthropic deal is getting worked on. It's a matter of time before it ends up getting announced. Then the earnings come out, right? Uh before the earnings, Salesforce is 203, right? And now the stock's 258, you know? So that's how things work behind the scenes. All right, next up the space if not all of them. All right, so let's do Nvidia first. What do you think's going to happen? I I mean, don't tell me how they're going to be there going to be great. Like, we know that, but the stock usually doesn't move on that. So, what do you think's going to happen? >> Look, I don't actually think what the numbers are matters this time around. Um, and we're just going to have to listen to what he says. And I actually don't think he'll be able to say anything that's going to change bears or Bull's mind. >> Why? >> Um, because boom. Look at Nvidia stock today. You know, several days now after they announced their earnings. Stock's 218. It was 210 before. He didn't change anybody's mind. Everybody still, it's the same story, right? It would have, you know, if Nvidia stock was 180 right now, I said, "Oh, shoot." Like, you know, some people's minds got changed bearish, right? If the stock was 240 right now, you'd be, okay, some people's minds got changed bullish. It's 218. It's like, you know, right around the same price it was as a percentage. That's like hardly even a move. Because right now the argument isn't about what's happening this quarter or next quarter or even next year. It's what happens in 2029. What is the margin structure of this company? >> Ankor. Ankor. Listen. Thank you. You're preaching the choir here. Exactly. No one cares about Nvidia's next quarter or even even even 2027 numbers. It's irrelevant. We all know it's going to be great. Everybody's talking about 2028 2029. that that's where the whole focus is. And they're looking at the numbers these these guys are spending and like this is not sustainable. They can't keep up in these numbers in any major way. And if they can't keep up in the numbers in a major way, that's going to kill the growth rates of Nvidia. And then some people say like the bulls might say, well, other companies could come in and spend, dude, the other small startups and things like that, they spend such small amounts of money. Uh it's it's literally like a rounding error for Nvidia because the numbers that Meta and Microsoft and all those companies, OpenAI and Anthropic, blah blah blah, the the numbers those companies spend with them are just so outlandishly ridiculous that if some other company comes and spends $und00 million with Nvidia, it's literally just a rounding error. >> What is the growth rate of this company with with more competition? So that said, if you look at the whisper numbers on the street on 2028, this thing trades at a low double digit multiple and it is a coil spring. And in any world of investing, a company that has duration with this kind of growth rate does not deserve to be a 10 to 12 multiple. >> Well, why what's and why does it have that? I mean, if it's so obvious, right? I mean, you you you say all the virtues of what the story is, and Dan Ies does and and others do as well, and somehow the stock just doesn't move. It it's it's been Yes, it's up 14, I think, percent year to date, but it's been disappointing. Brian Bellski was sitting over there says it's not exciting, and he owns it. How does it get that excitement back? Um, I think as people understand and are more comfortable with the application of artificial intelligence and they understand how many how much compute we're going to need and it becomes more of a reality to them, I think that kind of starts to unleash this truth in Nvidia because right now people are in disbelief that we will need this much more and I think that that is a driving force of on the duration for for the stall. How how concerned are you about the data center backlash? >> I'm concerned. I'm concerned and in part because I think that there's a lot of FUD out there. Um there are so many arguments that are simply not factual whether it's water, the noise element. Um you know, electricity is a problem and but it's not a problem today. It will be a problem towards the end of the decade and we can solve for it. So with the midterms coming, this has been a key worry on the entire AI train that midterms would be almost like a kill the robots kind of moment where now it's like kill the AI moment and um do we actually stop the growth of artificial intelligence in our country which would be really a disaster for for us you know and our country. So the AI trade in general, the hyperscalers and others, does does that hang in the balance to some degree based on tonight? Cuz I, as I said at the outset, it's going to be good. Beat Rays, Jensen's not going to be negative. What's hanging in the balance, do you think, for those others? >> Um, look, it's going to be I I think actually think, >> listen, like the whole water thing is so silly. Listen, listen, listen. Earth's a closed system if you were not aware, right? If you live in Vegas where I live, water's actually a concern because you go through these massive droughts, right? And Lake Me's low and blah blah blah. Most of the country doesn't have to deal with what we deal with in Vegas, right? Uh or some of the things, you know, Arizona has to deal with like we're a desert. like we we like if they want to build all the data centers here, okay, we could have a conversation about water, but I'm like much of the country, like I lived in Charlotte, North Carolina for a few years. Like there's no shortage of water in Charlotte, North Carolina. Okay. Um and for most of the country that's the situation. So like I just like I don't know why people think like the water just like disappears. It doesn't just like go bye-bye. We're a closed system here on Earth. Okay. Um it's very entertaining though. whatever he says tonight is is positive for the rest of the AI trade. But the AI trade also has the overhang of what happens in 2029 and is 2020 truly the peak because we put in too much capacity. And so again, this this argument will not be will not be resolved tonight and it might take a few more iterations of earnings calls in order to really get that done and and see. >> Yes. And I I think that's why it likely comes to a head next year in 2027. And oh boy, that's going to be a fun show when that happens. Okay. All righty, guys. Appreciate you joining me as always. Thank you so much for being here. Once again, that big Patreon sale. It's the last sale of the year for Patreon. We did one earlier this year, but this is the last sale for this for 2026. And uh usual price 145 is going to be 59 bucks for that day. To get notified for the deal and receive the deal, that will be the pinned comment down there. Much love and have a great