Do NOT Panic Sell Your AI Stocks Until You Watch This

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1:00and access to work and codecs in ChatGPT. This means your business can move from question to answer and code to rollout quicker. Join over 10 million business and enterprise users worldwide already using ChatGPT for work. Download the ChatGPT desktop app or contact sales to learn more. Remember FDIC. They don't realize smart people use smartphones, huh? Seeing through BS they thought was gonna slide. Download TextNow because it cuts out clownery. You can literally activate it from your couch. Nationwide 5G with the same towers the other companies use. Pay what you want or not at all. You're in control.

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2:18Save money. Check Lyft. But let's break down this AI chip outlook situation. for all the Micron and Sanders holders out there? Yeah, I think it's very important to look at the market in its totality, right? If you look at it from the beginning of this year to now, the story is very clear. Like the demand hasn't changed. And how do we know? Well, we started the month when we looked at TSM and their reporting. And we said that that was going to be important, right? We need to see if from the manufacturing packaging side, has this story slowed down? Has momentum slowed down? And unequivocally, it was no.

2:54It hasn't slowed down from the manufacturing packaging side. ASML would be in that category. I know they reported back to back. All right, well, we passed the first hurdle. Now, did the market respond in the manner that we thought? No, but that's okay. We're not thinking from a short-term perspective. Then the hyperscalers came into focus the last couple weeks. And that was an important moment, right? We needed to see if the hyperscalers were going to tell us a different story. Were they painting a new scenario? and we saw Meta and we saw Microsoft and there was two different tales of what happened last Tuesday.

3:29But one thing remained the same in that CapEx was still at the forefront and it hadn't slowed down, right? Like Meta decided that they were going to spend more. Microsoft said they were going to spend more, but they leaned more toward the lower end of their expectation and something very key happened. the first time all year Microsoft decided, hey, not only are we spending more, but we're actually starting to see revenue come back from this CapEx spend, which is very important. So when you look at the Azure growth, and that was the key number I was looking at, have they grown in cloud? And once I saw that the cloud number grew, I knew that this was going to be a story.

4:09And we've been talking about it since we were in DC in February about where Microsoft was going to be headed. That was positive. Meta did something very different. And, you know, they talked about how, you know, it's still going to take some time and it's still going to need a little bit more proving to do. And then we saw Apple and we saw Amazon report. And I'm like, OK, perfect. Demand is still there. CapEx has actually gone up. Amazon is the number one spender. And why is a CapEx been important? Because it tells me money is still out there. They're still spending it. And now it becomes where.

4:43So now the infrastructure piece comes back into play. So if they're spending it, they're saying, look, we have revenue. We're getting it from our cloud service. That tells me that the infrastructure story is still very much in play. And that speaks directly into the AI chip space. And so if we're talking about compute, then we're going to need GPUs. We're going to need CPUs. We're going to need memory. All of the companies we've been talking about all year, there was now a validation. Okay, CapEx is still intact. Memory is still going to be a part of this fold. Semis is still going to be part of the fold.

5:14Infrastructure is going to be part of the fold. I know we saw Arm report and they had some really good earnings. The story still remains. Now, did the market respond in a positive way in July? No, it didn't. That's part of the next story, right? And that kind of paints another picture for us in terms of being a very intelligent person versus being a very intelligent investor. So the AI story is here. I know we got AMD reporting tomorrow. We'll talk about that. I'm super excited. I'll be telling you the exact things we need to be looking for. if we're going to be investing in that uh nvidia will be reporting at the end of the month so we got some time into that and then obviously we just saw my micron report at the end of june so everything is right in in the realm of what we thought would be sandus is going to be reporting wednesday which is going to be a big number uh my estimation and as well as western digital so you got the semiconductors reporting you had the capex spend from the hyperscalers reporting all signs point to yes this story is going to continue definitely to the end of this year and we're talking about maybe sold out into 2027 when we're talking about the memory space so I'm still bullish and that shouldn't surprise anybody but based on what we saw from the earnings thus far all positive on my side so what's your outlook for Micron Sanders ASML numbers TSM yeah what is the outlook in nvidia i'm super bullish on nvidia uh we actually are in the chat where i'm saying right now if you look at from a technical standpoint from 100 day moving average from a 72 day moving average 200 nvidia has actually crossed all those in the past couple days if anybody's been watching right like it i think that 400 sitting at like 192 today it got to 207 which was it was a key number to get over i think that that was it's a 20 day after it crosses that hurdle, right?

7:10The next stop is now going to retest its all-time highs up at 236, which is a nice runway, right? We got three or four weeks before they report, you know, their quarter's earnings. And the reason why we love NVIDIA is because we can see what has happened prior to it. And they get to set the tone and say, all right, look, demand hasn't changed. Look, we're still selling out. Here's our future guidance. Here's what we're doing in terms of Vera Rubin, right? Here's our next generation of GPU. here's our next partner here's who we're also investing in they're going to have all that at the end of the month i love it right now right like i've been trying to just stack calls on it i i see nvidia crossing the 250 to 260 mark by the end of the year and that that's my outlook for it and that's conservatively would it surprise me if it gets to 270 280 it wouldn't uh but conservatively i see it finishing the year at 250 um and so if that pulls that means compute pulls that means Micron will pull as well.

8:05So I already said last week, Micron is one of my stories of the year. We touched 1 ,200, 1 ,300. I think 1 ,400 is not a space that was surprising by the end of the year of it for it. I think Sandus will be in that 2 ,200 range. Quick one before you jump back in. You're listening for ways to help teams move faster, make sharper decisions, and turn scattered context into work they can use. ChatGPT for Business can help. Chat GPT for Business gives teams a shared workspace with admin controls, permissions, and access to work and codecs in Chat GPT. This means your business can move from question to answer and code to rollout quicker.

8:45Join over 10 million business and enterprise users worldwide already using Chat GPT for Work. Download the Chat GPT desktop app or contact sales to learn more. Ernest, what's up? Look, building wealth isn't just about making money. It's about knowing where your money is working for you. That's why we partnered with Empower. Empower is all about helping you invest well so you can go out and live a little. Their free Empower Personal Dashboard gives you a complete view of your financial life in one place. Track your net worth, monitor your budget, analyze your investments, set retirement goals, and more.

9:21You've worked hard for your money. Now make sure it's working hard for you. Download the Empower Personal Dashboard or visit Empower.com. not an empowered client paid or sponsored we talk a lot about ownership and one of the most important assets you can own is your digital real estate too many entrepreneurs rely on social media platforms they don't control your website should be the center of your business framework helps you build a professional website without all the friction it's more than a website builder it's a complete website platform your entire team can collaborate in real time make changes instantly and publish updates in minutes instead of days.

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10:39Rules and restrictions may apply. When traveling for events or festivals throughout the country, every dollar matters. We compare flights, prices, hotel rates, and restaurant options. So why wouldn't we compare rides? Personally, I always check Lyft before booking a ride. Prices can change throughout the day depending on traffic, weather, and what's happening in the city. If you're headed to a concert, out to dinner, or catching up with your friends on a Friday night, taking a few seconds to check lift could leave you with more money to enjoy the experience. Save money. Check lift. Those all-time highs that we touched, I think we'll revisit those probably before the end of the year.

11:17And some of those cases will pass it. Same thing with Western Digital. I know 780 or 790 was his all-time high. It's sitting now down in the 580s. So this retracement that we saw in July, a lot of people were like, when should I invest? When is it going to be a good time? We saw some of these companies pull back 30, 40, 50%. What did we do? That'll be the key teller of how we end our year. When we saw the market reset, especially in some of these subsectors that we're in, and I say subsector, because obviously all semis are not created the same. All memory's not created the same. And I think that's a very good indication to make.

11:54We watched Sandisk move. We watched Micron kind of struggle today, right? Until it kind of closed above. Well, they're really having a fight with, is high bandwidth memory going to be curtailed by what China's doing? Well, high bandwidth memory is different from NAND memory, which is different from SSD memory, right? These companies are not all created equal. So we have to be mindful of that as well. But those stories are still going to play out. I love TSM. I'm going to go out on a limb here. I think TSM crosses 400 this year. Just from what I've seen from the demand from all these hyperscalers and what I've seen from all the semis, the role that TSM plays.

12:33You said crosses 500? 400. TSM? Yeah. Is it ready? Oh, what's the number? TSM 406. So 450 is the number there. 450. I thought we were sitting at 3 or 9 like we was last week. So 450 will be my number for TSM. Who else you got? ASML? Yeah. I got away on ASML. Only because the news out of China, and we highlighted it last week, it's concerning from a long-term perspective, but I want to see how fast they can get these machines up and running. And the news from TSM in regards to ASML, we reported about this a few months ago, is also something that raises concern for me, where TSM is saying, hey, we're going to slow down on ordering machines.

13:15We're going to try to figure out how to scale and build something compatible so we can have more efficiency from the ones that we have. That slows down demand. That's their biggest customer, Samsung number two. So we just got to be mindful of ASML. Definitely still believe in it, but I'm watching that a little bit more carefully. Microsoft finally got out of their slumber. Yeah, yeah. Last week they had a big, big, big, big day. And that was something that we talked about for a long time. Microsoft been sleeping for almost two years now. So a lot of people holding Microsoft, two tech, two index.

13:49That was a big day for Microsoft. Yeah. Again, shout out to everybody that's been on this long journey with Microsoft. I remember being in D.C. and saying, like, we're going to do this 400 call out to August 15th. And just month after month, we were just getting beat up in that call. Actually extended that call out to December of 2028. Just because the story of Microsoft is very clear. You're talking about a leader in terms of market cap. You're talking about a leader in terms of AI. We already know its position with OpenAI and its 20 % ownership. But I think one of the things that I kind of highlighted then was we have to really look in depth of what's happening inside the company, right?

14:29Like when it got beat up for the last quarter, it was because they saw a pullback in the growth of, you know, their cloud service, Azure. And the reason was because they said, you know what? But if we're going to spend, we need to spend internally and we need to build it out even further. So we're going to spend more money to make more money for the long run. And once you understand that picture, then you can kind of figure out, all right, CapEx spend is not just something that they're throwing money away at. They're actually reinvesting it. What happened, obviously, again, is they finally were able to turn profit.

15:02And that's important, right? Because not only did that benefit them as a company, right? It was at$400. now. Where are we trading at today? $460,$470, somewhere up there. The reality is that Microsoft year-to-date is up 1%. And it's up 1 % year-to-date. So a lot of people are saying, did we miss it? Did we miss it? It's been an incredible run over the past week since earnings. It's moved 1 % this year. So there's so much more room for growth when you're talking about AWS. But it also went up$100. I mean, just just this is important and last month it was 300 no last week it was 381 now it's 487 dollars so it it microsoft has jumped 100 100 dollars in in one in one week which is actually historic for his stock it had it went up 12 it had his last thursday he had his greatest day of any in any mega cap company ever one day ever ever right so i'm saying like if people are thinking and they missed the story, if they thought they missed the boat.

16:07Yeah, you might not have been in those 400 calls that we did in February. You might not have been in the one we did in June. This story is far from over, right? Like, they're not saying that we're going to slow down spending. No, we actually are starting to see return on our spend. So we're going to figure out how we expedite that even more so. So this story that Microsoft has painted in the co-pilot piece, we obviously know with OpenAI, their partnership with Anthropic, they're very much at the forefront. I think the next piece that we need to watch is the enterprise agent. And that's been like part of the language over the past few weeks is how do we scale this?

16:43Well, we can talk about software and then Microsoft got caught in that downward spy where all software gets beat up. You're talking about Palantir. You're talking about ServiceNow. You're talking about Workday. And we'll talk about Palantir later on. Microsoft gets thrown in that because when you think co-pilot, you think software. But there's so many different verticals inside of the business that can generate revenue. that it makes it even more attractive. So that agentic enterprise software, that agentic agent, that's going to be leading the charge. Before you sign off, you tuned in for ways to help teams move faster, make sharper decisions, and turn scattered context into work they can use.

17:21ChatGPT for Business can help. ChatGPT for Business gives teams a shared workspace with admin controls, permissions, and access to work and codecs in ChatGPT. This means your business can move from question to answer and code to rollout quicker. Join over 10 million business and enterprise users worldwide already using ChatGPT for work. Download the ChatGPT desktop app or contact sales to learn more. Ernest, what's up? Look, building wealth isn't just about making money. It's about knowing where your money is working for you. That's why we partner with Empower. Empower is all about helping you invest well so you can go out and live a little.

17:59Their free Empower Personal Dashboard gives you a complete view of your financial life in one place. Track your net worth, monitor your budget, analyze your investments, set retirement goals, and more. You've worked hard for your money. Now make sure it's working hard for you. Download the Empower Personal Dashboard or visit Empower.com. Not an Empower client paid or sponsored. When traveling for events or festivals throughout the country, every dollar matters. We compare flights, prices, hotel rates, and restaurant options. So why wouldn't we compare rides? Personally, I always check Lyft before booking a ride.

18:37Prices can change throughout the day depending on traffic, weather, and what's happening in the city. If you're headed to a concert, out to dinner, or catching up with your friends on a Friday night, taking a few seconds to check Lyft could leave you with more money to enjoy the experience. Save money. Check Lyft. Everyone's talking about how AI is transforming work, especially in sales. While the landscape shifts, one thing remains the same, the thrill of closing a deal. Whether it's a gong or a confetti machine, every team has its celebration rituals. Adio is designed for that moment. It's the agentic CRM that turns customer signals into actionable insights, helping you close deals faster.

19:14With revenue agents and automations working around the clock, you'll have everything you need to scale your go-to market efforts. Elevate your wins with Adio. Start your free trial at adio.com slash iHeart. This is an iHeart podcast. Guaranteed human.