Avsnitt 599 - Positionera sig för krasch på uppsidan

0:00Virtune AB:Just what is it that you want to do? We want to be free. We want to be free to do what we want to do. And we want to get loaded. And we want to have a good time. And that's what we're going to do. We're going to have a good time. We're going to have a party. We'll be right back.

0:45I'm going to be like, I'm going to be really good. It's been a little bit of oil trades. It was a little bit of a trade. It was a new one. It was a new one. Today came Viking with a little data that we could talk about. I thought you'd say you'd say that you'd say that you'd say to you in the morning. So it went up to 40%. Yeah, it's really good.

1:01Virtune AB:I'm going to wait for data from a biotech. It's a different type of company. Some also is any day now. So I feel like it's not a good thing. Then you, do you want to talk about Meta's new agent? What's the name? Muse. Can you test it? No. But clearly many others have done it. It went up 11 % and then we talked about all around Apple with more. Those who haven't satsated on so much AI can become a win on a social media agent. Yeah, exactly. We'll come in on that. And then we have FN's conference conference in New York where both Irans president We have Kinas president It's many kändisers who are here Alla will come So there will happen a little bit of stuff Trump will hold his 7-timmars-tall there He will be able to hold it We'll see what he has said there It's been a part of crypto It's a kvartals-skifte You've done a little bit of a minnehaven It happens always on the market Precis The big red tråd this week is that it's a diplomat-vecca All the plastic-halssar geopolitiska plastkassarna i världen hoppas man ska bli lite lättare.

2:20Du har tagit in Botell Diplomat här boständsmässigt den här veckan.

2:25Virtune AB:Och sen i slutet av det här avsnittet så har vi en intervju med Virtunes, vd och medgrundare Kristoffer Koch och det är ju toppen att ha honom med idag för det är ju bokstavligen bubbla ju i kryptomarknaden. Det har hänt mycket senaste tiden. Det har hänt väldigt mycket. So listen to that, it's really interesting to talk about what it is that's what we're going to look at what we're going to look at now, what's happening before how the fundamentals are going to happen what's happening in crypto-world and what we're going to look at listen to the end of the episode we're going to go

3:04and we're sponsored by Robomarket so it's still a little bit In the Nordic, so it's perfect to have a depot with Robomarkets. So you can handle the US-RM. Today we had Viking. So you can see your data that's very much up in the market. You can see how it's going to be after. Then you can handle both from long and short with Robomarkets. With a value-to on C9SK so you can't slask out a lot of money. Exactly.

3:34Virtune AB:And if you want to handle AI-RM so it's on the US-RM. it's happening, for example, Meta has been Muse, and everything flyer and far AMD, with more Intel, all things and then it's not a job of a market now it's a between-a-vars-val in the USA that's happening here, soon in the house and it will affect many different things, that's a lot of different things a lot of different sectors that will affect and like depending on the repubbacan and who will We can get to the most mandat in Senate and Congress. Many incitament that can disappear or adder for different sectors. So it's perfect to have a market-konto that can handle billy in the USA without a savings.

4:19But come back, investing in your risk is not going to be able to get back your investeringskapital. Thank you.

4:54Inga förvärv, vad är planen? Jag satt och kollade när de skulle komma ut och det började klaren tio i London. Så skickade de ut ett pressbindelande och så var det liksom mål mot 2035. Man skulle växa som alla andra bolag. Ja, det var liksom inte mycket nytt. Det var långt fram. Så först köpte jag lite för jag tänkte att den hade gått så fruktansvärt dålig den här aktien för det var inga förväntningar. Så då gick den upp typ en halv procent. Jag tänkte att ja, men det är bra. Och sen började de liksom mata ner den. Så jag tog stoppen, plus minus noll. And then after 5-6 minutes Was the actual 7 ,5 % And it says a lot About sentiment About an action You can't have it before And you can't have it Openly there are many gamers That either have turned out Or blanked Or people who had said That this is

5:43Virtune AB:But they haven't had it No, it's about 10x winston And then the question Is this it that they plan out Now they have slated their pill or if it's going to come with new products and pipelines or if this is a super value trap for patenting for Semaglutid their stores, Sempic and Vigovie have forgotten to have been in if I understand it right, in Canada and some other jurisdictions so now I saw that Sandoz got married for Semaglutid in Canada and can you guess that it will be going to ship hundreds of miles with the border from Canada to the USA if you want to have a bill of semi-glutid. Man wasn't a köpsu, but you know more that something they need to do.

6:32They have a very new VD. Uppenbarligen didn't he did his job. They must have taken PR-consult, McKinsey-consult, all things. You present something and it goes down 7 ,5 % on 5 minutes. How do you feel?

6:47Virtune AB:It's what you wonder. Why do you have in a so-called market market, if you don't want to present anything? Nej. Mål 2025, yeah, okay. It's not to present anything. It's clear that you can't rush the affair, but I don't know how long and how many I've said this in the podcast, that you need to be a pipeline. Yeah, or Lilje, as we've said earlier, it's not that it takes time. It's not that it takes time. It takes time to Bygga en pipeline Och det är svårt AstraZeneca har gjort det här jobbet En gång i tiden Och nu bär de väl frukterna av det Men det tar ju tid Att bygga en pipeline Men jag tror att marknaden måste se Att det görs någonting Och inte bara snackas Det är klart att det kommer ju Han var intervjuad på Bloomberg TV I morse såg han en intervju Och det kändes lite som en fotbollstränare Som har torska fem raka matcher Han var väldigt defensiv men högg ändå tillbaka så då var de såhär, ja men du måste göra några förvärv och då var ju han, det här pillret då kom från någon snack, Emisware tror jag teknikbolaget hette så han påstår då att allting som de släpper nu framåt kommer från olika förvärv men de har gjort det extremt selektivt och antingen så kan man ju köpa jättemånga bolag i tidig fas eller som Viking då, ett bolag som har varit i framkant på piller Some still haven't really got any value Their value is 4 billion dollar So I don't know They went up 30-40 % Now when we play in On a so that you can take If I'm not sure, a pillar one time In a month It was different But a maintenance study That you don't need to take Sprut or tablet so often And Novo didn't see much on this Eli Lilly went down a little Marknaden is gigantic The price will come down And then it's just a question The customer will be very much And the person who is very good for the person It was a Harvard study About that you both got more job And more partners If you were single Had any Harvard research done If you were single?

9:02Yes, then you got a partner More faster than you were eating GLP-1 And you got more job So it looks like you're all All the sinnen in life

9:10Virtune AB:Okay, it's clear that life is better if you don't have a BMI. No, it's a way of knowing that it's not a hard time to wear. Exactly. But also health and sjukvård, and the cost of health and health. I mean, the fetmar-related sjukdom is a high part of the cost of the health of the health. Alltså on a state level. No, but exactly. So it's a lot of pain. And it will be very interesting, you have Pfizer, Astra, many have signed a deal with kinesis, they are doing well on GLP-1 preparatory. Ingen of them have been able to get the market, just now it's just just about L.I. Lilly and Novo. Sealand has a deal with Roche, Roche has come with some studies today that it feels like the market didn't really have to be in GLP-1.

9:59But it will be very interesting to see how the market looks out in five years. Will it still be Novo or L.I. Lilly or how do you want to be able to be able to get the market? It's like you have a own selling point On your preparatory It's like we've got the right to get to 30 % It's not that It's other things that go down here Then we have both Lenovo and Lilley

10:18Virtune AB:They have the advantage of that they should Bredda indikationer And it goes faster than to do from scratch All right, so it's going to be With the concurrents that come back And so, this is a lot of market With Vigovie, Sempic, Moniar And those Yeah, it's a value of it also That's true, I think. And there's no way to go out of it totally. For Elon Musk said that I'm going to Vigovic. For you say it, for it was the term for that you went to GP1. But all of them had a little preparatory. They called it Vigovic. Yeah, exactly. Then you have missed it on a certain way. It's a bit like that people say that they're googling, but they're actually looking for Yahoo.

10:54Virtune AB:Yeah, exactly. How many are looking for Yahoo? Exactly. Or Bing, or whatever. I think that Novo must just do it a little more they must just spread pipeline so that the market has something to hang up on their hands and what they have said earlier is that they should focus most on obesity and diabetes for that they are there they are and then it's like Zealand, Viking or those but I think that the market is better would rather see that they spread their new indikation it's true I also absolutely Sen kan ju det vara att de här begåver och semagrotid och sånt leder en in på andra saker. Ja, de plåder ju Alzheimer.

11:34Det verkar ju funka mot väldigt mycket.

11:36Virtune AB:Just det funkar ju inte, men ändå. Inte tillräckligt i alla fall. Nej, men det finns säkert massa andra saker. Och det är just där det kommer in att man breddar indikationerna. Så den ser ju inte dyr ut. Bolaget har ju bra kassa. Det är ju inte ett bolag i finansiell kris. Det är någon form av identitets - Nej, det här är ju verkligen Operationellt Det är ju Dukat bord De har ju hur mycket potential som helst Man har massa coola grejer Det är lite i krisen här De har ju yard Ett djur, en ren Då bytte de ju håll På renen och så tog de bort Nordisk Nu heter de Banovo Det känns som att de fokar lite på fel grejer Det är alldeles för mycket McKinsey consult in.

12:27Ja, det är fattat.

12:29Virtune AB:Men så, ja. Alltså, det är ju de... The world is yours. Det är bara att gå ut och göra grejer nu. Ja, och i Vikings fall då, varför jag uppmärksammade det här, var ju att igår så gick den upp 5%. Och då var det någon som tog ett jättestort optionsbet. Var det Barron? Trump? Eller vad är frågan om? Så då gick kursen 5 % efter det här. Man visste att data skulle komma ungefär den här veckan. Och sen var den upp mycket i förhanden. And then came the data up between 35 % and 50 % depending on when you looked. How did it look at your biotech-load? Have you any new cases? Or are you waiting on any data?

13:08Virtune AB:I looked a little on new cases. It's a little bit like it's a... How much do you want to allocate? So you can wait for a case that you can take home. Exactly. At least if you want to go to the app, it's 8 years. It's hard to get lost money. Exactly Now it's gone very well here And they'll come soon with more data So that's not so much No, Unicure I've mentioned that I think they'll come with data tomorrow Not sure, but I'm not sure that they'll come with tomorrow Okay Then it's four-year data Against Huntington's sjukdom Their previous data So very well out This has been the long following First they got no from FDA Sen fick jag sparken på FDA.

13:58Virtune AB:Och har blivit ersatt med mer... Godkänd, glada folk. Ja, men lite mer... Vad ska man kalla det? En pragmatisk ledning i FDA. Som faktiskt tittade på nyttan kontra riskerna. Och då reverserade man det så att de får skicka in sina ansökan. Och det är på treårsdatan de ska skicka in. Och imorgon kommer fyraårsdata. It's not what they send in for good-women But it's still very interesting It's a huge disease There are no drugs in There are no treatment There are no treatment

14:38Virtune AB:It's a rare disease But it's still a huge It's still a huge It's still a huge gene So it's really exciting And just in Unicures They have an innovative solution and the way they deliver this is a operation that they do so it can even be I'm looking at that they can be a platform company all the way they deliver all the dream of becoming a platform exactly they have a virus that they program that they send in that they mutate the gene that produces the protein that we call Huntington's disease. So it's a spain that's in your own time. Absolutely. Have you anything else? Biotech, anything new company you've got in?

15:32Or should we go on?

15:34Virtune AB:Just now I'm waiting on that Abcellra will come with data, Unicure will come with data when it's possible. They have said, why I'm not mistaken at it in the morning, because they're going to 24 September for the year. And they have said that they're going to slay 4-year-old data before Q3 is done So it's just 8 days So it's just when it's You have been chatting with your agent When it comes to data Then you say it's what you want I don't know if it's possible I don't know if it's just before I don't know if it's just before In the 30th of September Thank Logiskt tänkande Jaha Meta då They left the agent Muse Which is probably for private people A little more variant I think it was the one I had to say on Twitter That had gotten a agent and he had signed up for football training and all of them all of them have their own agent who just sits and works for themselves and that people are not really with what will happen next year if all of them have their own agent they can work during the day what is your feeling?

16:40or why did you meet up 11 % for that they slipper a agent?

16:43Virtune AB:it's because this is a so-called agent that is perfect for a man like us We don't need to solve any math problems That we don't have to solve it We don't need to solve it We don't need to fix everything All day Just go through all school It takes two hours It would be good if we could A man needs a assistant And this will be Framförallt the version Of the Glimmer It's on device Edge computing When you ask them about a recipe So it doesn't have a 3.000 tokens Exactly, it doesn't have a data center Up in the mold It happens On your phone You can do it And then it comes to a answer And that's very interesting Because you're on tokens And it's going to be was more than a take-up.

17:51Virtune AB:It was just no weird thing. Distribution. It looks like that models are going to be commoditized. There are a lot of good models there. And for the most of the most of the time that a man needs to be able to help so it's a lot of them. You don't have the last one. And this one was on App Store. It was much data about that it was much faster than ChatGPT, the number of users and how fast it had been. Yes, exactly. And Meta has a fantastic distribution platform. And Meta is also there. And Apple has no own now. But they also have a half of the world in the world. How we even know the models. In the world in the world.

18:39Virtune AB:Yes. And Meta is one of the highest open AI. Three years ago or two years ago. Yes, exactly. It was a bit of a from Google. What is the model here? How do Meta get to these money? They just want to have a full use of the money. I think it's a direct announcement. When you ask them, where do I buy this?

19:06Virtune AB:It's interesting because it starts to become... I don't know what episode is, but this was probably two years ago. Framtiden för AI Vi har sagt det flera gånger i podden Så hur kommer internet se ut I framtiden Kommer vi bara ha en assistent I telefonen och vi säger vad vi vill Och den plockar fram Den går ut och fetchar ett hotell På Hotels.com Vi går inte in där längre Och alla blir dataleverantörer in i de här modellerna Och då är det de som sitter på mest data Booking.com, Hotels och dem De kommer finnas kvar och levererar De här stora modellerna And then Intel, Apple, AMD, ARM, all of them were very much.

19:48Virtune AB:They were not GPUs, but Nvidia. For Nvidia, they're just like a mobile and data center. But if this is new, that Apple and Meta have these here, which are on-device agents that work. They need a better hardware. They need more hardware. Then it comes a upgrade cycle. That you have new laptops, with chips that can help it. And also telephone. So it will be a cycle of hard work. And it can be seen already on Apple. They came with their new stuff here for a week ago. They came with their phone with their own. Which I thought was cool. For over. 30 likes. What's that? Exactly, what's that? till. Det är väldigt spännande för de här bolagen, om det kommer en hårdvaruuppgraderingscykel.

20:45Virtune AB:Framförallt för Apple, man har ju tänkt att när det kommer en AI-telefon så ska alla uppgradera. Nu börjar det väl... Den har ju inte kommit än. Nej, den har inte kommit än, men nu när du ser att Meta kommer med det här och sånt, nu börjar det ju faktiskt komma. Tidigare i år så nämnde vi att Edge Computing, jag var ju långt all-com på det här, på temat. Men nu verkar det som att nu kommer det ju. I och med att Meta släppte den här Muse. Så det är superspännande. Och en ny vinkel i AI-race. Ja, och lite på förra veckans tema. Helt plötsligt är Meta i fokus. Det blir väldigt intressant de här IPO-erna.

21:22Virtune AB:Ja, och det har ju blivit så att man måste titta på den hyperscalen som de kallas då. Som liksom har fallit i glömska. Meta låg väl lite. Det var ingen som pratade om dem för en vecka sedan. På AI-temat riktigt. They're not hot in town, now they're it And for two years ago, it was Google Then they didn't Google anymore Then they were Gemini And then it was here in the year So all of them would hold on with Gemini And now it's been very soft about Gemini So next That's coming with a Jet-updating is Gemini Now they also have local Models And their own GPU chips They call them for TPU But Google They've got a update on Gemini That was not so good All these companies When they have missed a new update Or a new update They've got a new update And then comes a hop I can't say it But Google is next to the tour At come with something And even Apple There it's just But the new VD is a hard-to-kill I skillnad från Tim Cook Som var en fantastisk vd Och gjort det fantastiskt Och hållit på med mjukvara Och byggt ekosystemet Måste man ju säga att han gjorde Och förvaltade allting Men nu är vi inne i ett hårdvarurejs Där det är nästa utveckling Av hur kommer framtidens hårdvara Se ut och vad Då är det ju perfekt att de tog en hårdvarukille Ja och där köpte ju OpenAI upp Ett, och det var en Jonathan Ivys Bolag som Flat Capital ägde so they should have a A and there is no with a screen but it's something you talk about it's very interesting Alexa or something Siri I hope it's something better it's very interesting what about 2-3 years how the future of the world looks like have you ever had I've had a Google Home I like it what do you do with it it's mostly when you have small children set on dirty music Exactly Yeah, but then you can say Peppa Pig Marsha and Bjorn on Netflix Or just to ask Do you have it in the TV?

23:40Virtune AB:I have it in the kitchen so I can ask you things When I'm still making a lot of food What's the rabbit seller? Yeah, exactly That can I actually ask you I think it's top But it's been a long time It's a old product But the new ones When it's really AI Then it's really interesting Allmänt, so I said I handlade olie-actier Olie has gone very well It has been diesel-brist They have sprunged a pipeline in Saudi And today has been put out the last days And a little fred Between Iran and Russia It has been a lot of signals From the pipelines that are coming in Exactly And Irans president Ska åka till FN's meeting today Then they might meet And they hold on to nek They have sent new bud Trump, now they would have to stain down all the iransk banks and flygbolag, it goes a little back but oil was a little on the way Iran was out today and said that they had to send a forslag 16 September already that they can discuss and that they could open Hormuz under 7 days and that they were willing to have a meeting via medlar in New York so all that there is negative for oil prices so clearly on a short way And a little bit of what we talked about That oil-actional, they're talking about That oil doesn't stay in 100 dollars Super long Now it's been the long Oil-terminal has begun to Klate up a little And still doesn't go the oil-actional So it's not a game here I mean I think Absolutely, Iran is willing to Prata in New York, it's important So of course But it's important to be Xi-och-Tramps-möte.

25:27Virtune AB:För Kina är ju den stora marginalköparen i världen. De styr ju priset. Av olja? Ja. Av allt, tror jag skulle säga. Ja, det också. Men framförallt oljepriset. De är ju marginalköparen i oljemarknaden. Så om de väljer att nu ska vi spara på olja och skära ner på våra inköp och nu får vi tajta till och så fabrikörer vi till bensinmackorna och de är ju ett sånt samhälle där man kan bestämma sig för det en månad. Då syns det oljepriset direkt. Då ska de gå in och köpa. då går oljepriset upp. Men när Trump och Kina, alltså USA och Kina möts torsdag va? Och ska prata det enda jag kan se är liksom världens två största ekonomier och största länder vill båda ha ner oljepriset.

26:10Virtune AB:Det enda är att USA vill ju squeeza Kina och det är ju för att Kina inte har så bra tillgång till olja medan USA är självförsörjande. Men det där går ju both ways. Kina som marginalköpare Kan ju också Squeezes tillbaka genom att inte slå av På takten på att köpa Då blir det dyrt vid pumpen För amerikanerna och så blir det dåligt för Trump I mellanårsvalet etc Då är ju frågan, vad vill Kina? Vill de att Trump ska ha ett dåligt val? Eller tror de att det är lättare att diskutera Med demokraterna? Den allmänna uppfattningen är väl att man tror Att Kina tycker det Men samtidigt, jag vet inte, Biden var jävligt hård mot Kina media täckte inte lika mycket men när Biden tog över från Trump så fortsatte ju att höja tullar och vara hård och var inte lika öppen för att diskutera och förhandla så jag är inte säker på vad Kina vill där liksom men så att Iran vill prata absolut men Iran har också en a what's it a a and it is Kina who should be for you saw right that hot rebeller the week were on the Kina had said to Iran to to hot rebeller to lugna ner and they said in their front to Saudi for they have also left rövare and those who don't just want to do do anything in oil or do Kortsiktigt skulle den ha till långa oljan För alla incitament är att den ska ner Och det märkte man ju Att börsen reagerar extremt starkt Nu har vi ju gått nästan 5 % här på typ En vecka Så det ligger något i Det känns som att kurserna går före Någon form av stor nyhet här som inte har kommit än Dels det Och AI har varit steket Du har ju flera andra saker Du har ju peggat upp här Väldigt bra i en formella norsvalet För att få till en ordentlig squeeze i marknaden It's my prophecy on four weeks' time.

28:20Virtune AB:That the budget can go well. Even if it's not going to be a good deal. I don't want to cut it out. It's not like you. We know that President Trump is very good. The administration in the Vita House is very good. They are very good at timing right when they want to put on the budget. So now we have a kvartals in the back of the budget. It was on Friday. now you have a meeting with Xi and Trump it's always a little bit of hope it's not a way to short and then they come a kumbaya moment and then you sit there and look at or sit there short when everything flyer it's not a bit of a bit of a on it so are it Besents to buy long rent for that to get rid of for that to get rid of rent they are on the store quite small so Bazookan from Treasury and Besents have we not seen in the market anymore the coming of Räntan har börjat komma ner lite nu Efter Fed-mötet och lite olja Precis, och där är ju Besant som en gammal trader Man går inte emot en rörelse När räntorna skenar, han gjorde det lite grann Men skulle han få momentum med sig Räntorna ner, jag tror att det är då När du ser att När de har börjat Rullat över och räntorna börjar Toppa ur, det är då han kan komma med sin bazooka För att ge lite extra skjuts Och så görs det här i samband med kvartalsskiftesflöden som kommer och så får du då momentum då sätter du börsen på styrfart in i oktober och in mot mellanårsvalet det var lite såhär de gjorde i mars de började prata om någon vapenvila med Iran och så satte de fart på börsen och det kom väldigt väl tajmat efter marslösen in i kvartalsskiftet och då får du liksom ett flöde med dig och så först squeezear du blankarna och sen får du ännu mer flöden So it's a double effect on the upside.

30:14Why are I a little...

30:16Virtune AB:Yeah, I see... It's a lot that's a dour there. And the AI-requip with their finance. And we have OpenAI, their negative cash flow. Reuters wrote about it for the week. It was 270 billion dollars per year. Fram till 2030. That would they have to have... To have a higher value. So it's a lot of... A lot of things that... That's not a risk of luck. With AI-bygget. and all that korsahegrande and all that but I don't want to fight to buy the house ne had I wanted to make up what I think they want they want to make up oil make up a rate and make up in the middle of the election then I would have done it so that I had done it and I think they will do it and something else that also is on a high risk it is crypto it seems like no matter what it comes for new features so it will be crypto continue and there it also seems It was also like, before I thought I was a bit tired, then I was a risk-on-gain, then I was a new one.