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New Millionaires will be made now‼️ — Transcript

by Jeremy Lefebvre Makes Money · 7,321 words · 1,029 segments · language en · Watch on YouTube

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0:00In my 18 years being in the stock
0:02market, every once in a while you're
0:03greeted with a shock and awe event.
0:05Something that comes out of nowhere and
0:07just simply shocks everybody and
0:09everybody's like, "Whoa, we never saw
0:11this situation coming, right?" And uh
0:13let's be very crystal clear, the stock
0:14market's going through one of those
0:15events right now. It's an absolute shock
0:17and awe out there. And investors, hedge
0:20funds, funds in general are making
0:23decisions at this point in time on what
0:25do they want to do moving forward. Where
0:27do they want to go? Um, by the way,
0:29appreciate you all for joining me here
0:30as always. So, AMD, [clears throat]
0:32massive move up here today. $80,000
0:35plus, now up $1.2 million on the stock
0:38just in the public account alone. Uh,
0:40stock continues to see momentum here.
0:43We'll speak about AMD in this video here
0:45today. Okay. Uh, we're going to
0:46obviously have to speak about the Jensen
0:48situation. As of a few hours ago, he is
0:51now officially kicked out of Nvidia.
0:54We'll talk about what this means for
0:55Nvidia moving forward, what this means
0:57for the semiconductor industry moving
0:58forward. So, since this is a reaction
1:00channel, I thought we'd react to some
1:01Wall Streeters and then I would share my
1:02opinion, perspectives here. Okay, after
1:04we get done going through that, I want
1:05to get uh into kind of AMD versus Nvidia
1:08a little bit here. Then I want to go
1:09ahead and react to this one. This is a
1:11big statement here. Nvidia is an
1:13uninvestable at these levels. I think
1:15this is a very big statement. So, I want
1:17to go ahead and react to that one. Share
1:18my opinion, perspectives there. And at
1:20the end of this video, I want to talk
1:21about some of the best opportunities.
1:23Now, I see at this point in time because
1:24we have so many different stocks moving
1:26around huge and so I thought I would
1:27share my opinions and perspectives
1:29there. Uh, by the way, I appreciate you
1:30all for joining me as always. If you
1:31haven't already done so, just please
1:33smash that like button for me. That's
1:34all I need from you. Additionally, if
1:36you want to be subscribed to the
1:37channel, you can certainly subscribe.
1:38We're at a new all-time high subscribers
1:40in the history of the channel. I
1:41appreciate each and every one of you for
1:42being here. Okay. Um, you know, let's
1:45get started right off the bat with I
1:49actually want to start off talking about
1:51a big subject. Okay, because
1:55we this is such a shock and awe event.
1:57How do you even prepare your portfolio
1:59for something like this? How do you even
2:01think about something like this, right?
2:04Um because you're putting in your
2:05hard-earned money toward a stock and
2:07it's like, what happens if your CEO is
2:09caught up into a situation like this or
2:11something like this, right? Listen, if
2:14you want to make a lot of money here,
2:15here's the way I'd think about it.
2:16Listen,
2:18you have to whenever you go into
2:21investment, you have to understand there
2:23are certain companies that have what I
2:25would call key man risk or key woman
2:28risk. And this is a situation where the
2:31CEO of the company is so incredibly
2:35important to that company that if that
2:37CEO suddenly just left overnight,
2:41the stock should be derated 10%, 20%,
2:4530%, like a significant number, right?
2:47There's a plenty of stocks out there in
2:49the market that if the CEO was to depart
2:52the company, if they would be caught up
2:53in something like this, um the stock
2:55wouldn't move that much, like maybe down
2:585%, 10%, something like that, but it
3:00wouldn't be anything crazy and the
3:02company would move just on and it'd be
3:05fine. Like there's plenty of stocks I
3:07can think of like, you know, American
3:09Express, Visa, companies like that. like
3:12if their CEO was caught up in some stuff
3:14and next thing you know they're kicked
3:15out, I'm I'm sure in the short term
3:17their stock price would go down a little
3:18bit, but there's not like such a big
3:19risk that people are like worried about
3:21the next 5 10 years of that company.
3:24Now, there are other CEOs out there
3:26think Elon Musk at Tesla that people
3:28would there's a lot of investors that if
3:30Elon Musk was to go away suddenly they'd
3:32be like, I'm not investing in that
3:34company anymore. SpaceX, right? A lot of
3:36people would be like, if Elon's not
3:37there, I'm not there. Right? Jensen is
3:40one of those CEOs that's up in that Elon
3:42category of people are like if Jensen's
3:45not there, I don't want to be invested
3:47in that stock. And so you have to
3:49consider that always with these
3:51particular company and with any sort of
3:53company that has somebody leading it
3:55that's so important to that company.
3:58AMD, we're about to talk about AMD,
4:00right? that has a sort a level of risk
4:03that if Lisa Sue um ever just, you know,
4:07departed from the company suddenly for
4:09whatever reason, there's no doubt AMD is
4:12worth less money without Lisa Sue. She's
4:15a legendary CEO at that company. When
4:17she took over this company, you know,
4:18shortly after it was a $2 stock. It was
4:20a two- buck chuck and even less than $2
4:22a share. People thought it was done.
4:23They thought it was going bankrupt,
4:24right? And now you look at AMD and
4:26people are gladly willing to pay $580
4:29something dollars for that stock now,
4:30right? And don't be surprised they're
4:32eventually paying $1,000 plus for that
4:34stock. And so there's a level of risk
4:37even in an AMD that a situation like
4:39this could come out, right? And so when
4:41you're running your valuation, you
4:43always have to like think about that in
4:45the back of your head like how important
4:46is the CEO of this company? And a lot of
4:48people love to invest into these sorts
4:50of companies that are founderled where
4:52the CEO is really leading the company
4:54and those can be phenomenal investments.
4:55But you also got to understand it comes
4:57with risk, right? There's a some sort of
4:59level of risk uh at Meta with
5:01Zuckerberg, right? I would say there's a
5:03lower level of risk with Zuckerberg than
5:05Jensen or even Elon at Tesla because
5:07those companies don't have very well
5:11diversified business models, right? Uh
5:13Tesla makes almost all his money from
5:14selling cars, you know, and when it
5:16comes to Nvidia, they make almost all
5:18their money from just selling GPUs,
5:20right? And Meta is a very well-
5:22diversified business since they own
5:24Facebook, Instagram, WhatsApp, uh they
5:27have threads, they have news, AI, they
5:29have so many different businesses and
5:31components there. They're much more well
5:33diversified, but even with a meta,
5:35there's still some sort of level of
5:36keyman risk, I would call it, right? And
5:38so that's the higher level way of
5:41thinking about it. And depending upon
5:44how important that SEO is to the
5:45company, it might be 10% of the value is
5:47SEO. It might be 20%, might be 30%. But
5:51you know, it was a great saying I think
5:52I think it was a Warren Buffett saying
5:54if I recall, do you know what Warren
5:55Buffett used to say? He said, "Buy a
5:58company that's so great any idiot could
6:01run it because eventually somebody
6:04will." And I think there's a great
6:05thing. I think there's a great um I
6:08think that's a great way of looking at
6:10it. uh buy a company that's so strong
6:12that any idiot could run that company.
6:14That's when you know you're really in a
6:15strong business, right? You know, I love
6:17my country, United States of America.
6:19You you got to always be prepared that
6:22somebody's going to run the country
6:23someday. Somebody's going to be
6:24president. That's just woo a whole
6:27situation, right? And
6:30the country's got to move on and we got
6:32to be okay and we got to make it through
6:33and we got to be prosperous and those
6:34sorts of things. And so that's the way I
6:37would put it to you guys and that's a
6:38way to kind of think about this right
6:40now when it comes to AMD stock
6:42specifically here. You know, obviously
6:45the stock has massive momentum. And
6:47listen, what have I told you guys with
6:49AMD? I told you this is a stock big
6:52money has to be in for 2027. They have
6:55to be in it, right?
6:57With the news that has come out here,
6:59has my opinion changed? The answer is
7:03this might shock a lot of you. Yes, my
7:06opinion has changed.
7:09I feel stronger, way stronger about that
7:12than I felt before because before it was
7:15just a story about revenue growth
7:17accelerating and the revenue growth
7:19percentage in in 2027 will start to
7:22overtake Nvidia's revenue growth rate in
7:25terms of percentage growth, which is the
7:27first time in like forever that has
7:29happened. such a long time, right? So,
7:32that's very exciting. The growth rates
7:34are going to be stronger. The margin
7:35acceleration is going to be stronger
7:36than Nvidia, all these sorts of things,
7:37right? So, it's a stock you got to be
7:39in. But now, I feel even way stronger
7:41about it because they have now a clean
7:44story along with it. Nvidia doesn't have
7:47that story. So, now you're looking out
7:49there, you're thinking, gosh, who do I
7:51want to be invested into in the
7:53semiconductor industry in 2027? and
7:56you're looking out there and you're
7:57like, okay, the memory, you know, memory
7:59chip stocks are are an opportunity, but
8:02there's always fear about the memory
8:03chip stocks. That's why they trade at
8:04three and four forward a piece. People
8:06are like, ah, you know, um, as soon as
8:09demand starts to weaken at all, pricing
8:11is going to plummet and margins will
8:13plummet for those companies and
8:14profitability will plummet and no one
8:15wants to be in that sort of situation.
8:17So, memory chip stocks, great profitable
8:19companies making more money than they
8:20know what to do with for at least the
8:21next year or two, but people are scared
8:24of those. Nvidia story is a mess now,
8:27right? We know that Nvidia Story is a
8:29mess. The one company that, you know,
8:32you're getting the numbers and you're
8:34getting the story and you're getting the
8:36long-term opportunity and the long-term
8:38comfort is AMD.
8:40And so, I would feel I feel even
8:43stronger about like gosh, man, AMD is
8:45the one. Like, it's been the one and
8:48it's more the one than it's honestly
8:50ever been. It's incredible, right? And
8:52so as an AMD investor, you just got to
8:54be thankful. You just got to be
8:56thankful, man. You know, and to the
8:58Nvidia investors out there that are
8:59watching this, that's just tough, man.
9:00Like sometimes you're going to get into
9:01some situations where, and believe me,
9:04it's happened to me plenty of times in
9:05my 18 years of being in the stock
9:06market, right? It's been plenty of
9:08situations I've been caught up into that
9:11something shocking happened and it was
9:13just like, how? What? Like this
9:15situation? And you know, I lost money
9:17from the situation or I lost a ton of
9:19gains and
9:21it's what I call the cost of doing
9:25business. It's the cost of doing
9:27business in this game. Sometimes some
9:29things are just going to come out of
9:30nowhere and you're just going to be
9:32like, "No freaking way. This thing
9:34happened." It's a cost of doing business
9:37and you have to move on. You have to
9:39say, "Gosh, man. Is there something I
9:41can learn from this?" And there always
9:42is, right? And so that's that. Okay,
9:45let's go ahead and react to some Wall
9:46Streeters and then I want to uh share my
9:49opinion perspectives here. Then we'll
9:50get more into AMD and Nvidia, more in
9:52Nvidia again and then we'll talk about
9:54some of the best opportunities I see
9:56personally in the stock market.
9:57>> That was a really hard decision though,
9:58Frank um because the fundamentals are
10:00very very strong at this company and I
10:02expect the quarter next week to be very
10:04good with uh 300 billion in free cash
10:07flow next year. They're going to grow
10:09revenues by in 28 of 70% and gross
10:12margins in the mid70s. But this stock is
10:15not going to trade on fundamentals I
10:16don't think for a while because you have
10:18the overhang of the investigations of
10:21leadership changes of potential
10:23departures. And so I think it's really
10:25for me as as an investor I'm thinking
10:27the opportunity cost here cuz I do think
10:30it's going to be kind of in a trading
10:32range for the next 6 to 12 months in my
10:35opinion. Um I will not have a problem
10:37buying the stock back if we get a a
10:38really amazing leader and we can get
10:41past this. But I think we have time and
10:43as a result I actually added to Micron
10:46because that stock is down just as much
10:47from its high 35%. And the fundamentals
10:50are very uh attractive and it's trading
10:52at five times earnings and I think
10:54they're going to announce a buyback in
10:56when they report earnings in early
10:57December. So that has a clean
10:59fundamentals, clean story, cheap stock,
11:02whereas Nvidia is just not clean at this
11:05point.
11:05>> All right. Not calling it clean.
11:06>> The clo So I've been in the market a
11:09long time man. I've seen a lot of crap.
11:11the closest thing I have ever seen to
11:13this. Let me tell you about what the
11:14situation was and let me tell you about
11:16how it turned out for that particular
11:18company. Okay,
11:20win resorts. I call them winning
11:22resorts, right? There's a company I've
11:25tracked or owned on and off for
11:2812, 14 years, something like that,
11:31right? It's not a position I have in the
11:33public account, but I do have it in some
11:34other portfolios like I own in the
11:35Patreon portfolio and I own it in some
11:37private portfolios as well, right? Win
11:40Resorts had a situation very similar to
11:42this. Um, a little different in terms of
11:44the dynamics and we don't need to get
11:46into all the details, but basically uh
11:48Steve Win was, you know, basically
11:51forced out of Win Resorts, right? And
11:53he's a legendary figure in Las Vegas.
11:56He's, you know, the reason the strip is
11:58what it is. He built the Mirage when no
12:00one saw the future for the Mirage and
12:02built it on junk bonds and made it an
12:03incredible success. He built Treasure
12:05Island. He built the Bellagio that ch
12:08changed the strip forever. And then
12:09obviously he built Win and Encore,
12:11right? And he got his real start in
12:13regards to the resort business with uh
12:14the gold nugget back in the day. Legend,
12:17legend, legend at Win Resorts. And then
12:20suddenly all this stuff starts to come
12:22about about Steve Win and massages.
12:25Okay, let's just put it like that. Next
12:27thing you know, bang, he's gone.
12:30Shocking. Like it was shocking to the
12:32city. He had to divest his shares in the
12:34company. Like it was uh it was crazy.
12:37And so that was the closest thing I've
12:39ever seen to this. Now, how did it turn
12:41out for Win Resorts? Well, you know, the
12:44stock price is lower today than it was
12:46actually back when he got kicked out of
12:47the company, but that's for a multitude
12:49of other reasons that have nothing
12:51really to do with him. That's because of
12:53Rona and, you know, slowdowns of Macau
12:56and a bunch of other various reasons,
12:58right? But the thing I'll say about that
13:00is the company has not fallen off since
13:03Steve Win left. If anything, they've
13:05actually gotten more impressive. I'm
13:07talking on profitability metrics and I'm
13:09talking about just from a customer
13:10experience cuz I went to win countless
13:12times when Steve Win was still running
13:14the place and then I went to obviously
13:16win. I go to win all the time, right? I
13:18I would say if anything, they're even
13:20more well-run than they were actually in
13:22the Steve Win era, right? So, you might
13:24look at something like that and say,
13:25"Hey, if Win Resorts could do it, Nvidia
13:28can do it." There's a big difference.
13:29Okay, Steve Win resorts, he had already
13:33sold MGM years ago, right? Um, he sold
13:37the Bellagio, Mirage, and Treasure
13:39Island. He'd already departed from a
13:40company. So, when he came to win
13:42resorts, he came with a different
13:44thought process of I need to build an
13:45overall leadership team and an overall
13:49culture that is going to outlast my
13:52life. Okay, this is very similar to
13:54Steve Jobs. Steve Jobs got kicked out of
13:57Apple, right? Then when he came back, he
14:00understood he needed to build a culture
14:01of Apple that could outlast him and a
14:04leadership team that could outlast him,
14:06right? And he did it. And so in both
14:08those situations, those companies were
14:09able to be successful. The issue here
14:11with Nvidia and Jensen, he never got
14:13kicked out of a company. Like he went
14:15from, you know, whatever he was doing, I
14:18don't remember if he was working at
14:18Denny's or what the situation was or if
14:20he just came up with thought of Nvidia,
14:22I think he was working for a
14:23semiconductor company and then they came
14:24up with it out of Denny's or something
14:25like that, right? And then he's been at
14:28Nvidia since he founded it back in what
14:30was that the early 90s. He he never got
14:33kicked out of a company. So he never had
14:35to think about oh the culture I need to
14:37cultivate here and the management team
14:39that's going to outlast me because he
14:40never got put in that situation before,
14:42right? And so don't automatically assume
14:45because these other situations the
14:47companies have been able to still do
14:48great and prosper. Don't you know and
14:51also with the Win Resorts situation
14:53understand Win stock got derated after
14:56that it it it fell a lot because a lot
15:00of people were investing in Win Resorts
15:01because of Steve Win. He was so amazing.
15:04He was such a salesman and so they felt
15:07comfortable and were excited to invest
15:08in the win and once he left the company
15:11that whole like Steve Win premium went
15:13away. Same thing's happening with
15:15Bergkshire Hathaway actually right now
15:16and will over the next several years. A
15:18lot of people are investing in
15:19Bergkshire Hathway because of who?
15:21Warren Buffett. Without Warren Buffett
15:22there, even though the company should
15:23still be a great company, there's a lot
15:25of people aren't willing to pay as much.
15:26The people aren't going to be as excited
15:28to buy it, right? And with Apple, huge
15:30rerating that happened in Apple stock.
15:32Like I remember a few years after, you
15:35know, uh Steve Jobs had passed on, Apple
15:37was trading at like a 10 or a 12p ratio,
15:41forward P. like you know and in the
15:42Steve Jobs era it was way higher than
15:44that and so do understand people are
15:47going to be willing to pay a lot less
15:48without that legend uh at the helm you
15:51know over the next many years
15:53>> by the way a lot of people talking about
15:54the valuation trading uh at a very low
15:57valuation right now I believe about 14
15:59times Ford earnings Malcolm I want to
16:00come over here
16:01>> 10 times
16:01>> is it 10 times okay I'm looking at our
16:03system we have it about
16:04>> John these people man they got some
16:07crazy like they they're just running
16:09with their own crazy earnings per share
16:11estim And it's like, holy smokes
16:12>> times. They're going to do $20 a share
16:14in fiscal 28. So yeah,
16:15>> it's it's it's unbelievable. Who cares?
16:18>> Yeah.
16:20>> Well, we know who doesn't care. It's
16:21you, Malcol. You also sold out of Nvidia
16:22as well.
16:23>> You care if you're still in it. You
16:24don't care if you're out of full. I
16:26guess the question is, what are you
16:27still waiting for? cuz I I I sold the
16:29shares uh in after hours because
16:33essentially the only question I was
16:34still asking initially was sell the
16:37stock and then by what cuz there's not
16:39really a lot that you can use to replace
16:40a company like this that's seated at the
16:43center of the entire AI trade but then
16:46the whole reason that I wanted to own
16:48the stock in the first place has left
16:50the building so I understand everything
16:52Jensen
16:53>> yes everything uh related to Nvidia left
16:58with the CEO. So, I understand
17:00everything that Stephanie's saying in
17:01terms of the fundamentals and all the
17:03all of the reasons that the stock is
17:04still attractive eventually. I don't
17:07understand though why there's still so
17:08many buyers in this name. So, yes, if
17:11you're already in the stock, maybe
17:13you're deciding you want to hold on and
17:14see what happens over the next 12
17:16months. I know uh uh Josh, personally,
17:18you have a low basis in the stock. I
17:20started buying it in the '9s after
17:22tariff liberation day. So it it matters
17:25where you got into the stock, but the
17:26fact that it's holding up the way that
17:28it is means that there's a substantial
17:30amount of buying pressure in this name,
17:31too. That part I don't really understand
17:33because it's going to take a very long
17:36time before it turns the ship, if ever.
17:39And even when it does, without having
17:41the champion in Jensen Wong that it has
17:43had for the last four years, I don't
17:46know how you place the premium on this
17:48stock that you have for the last four
17:49years.
17:50>> Well, it's holding up right now. Let me
17:51explain that. Let me be very crystal
17:53clear about this. It's holding up and
17:55not falling crazy amounts right now
17:57because
17:59you still have the numbers agree. If you
18:02get any slippage in the numbers,
18:05any slippage in the next few quarters,
18:07that all goes right out the window
18:09because then people will have doubts
18:10about the numbers and the story, the
18:13longer term story with Jensen. And
18:14that's when people start to really throw
18:17in the towel. If you don't have that,
18:19then you always have, oh, look at the
18:21valuation, look at the numbers, right?
18:24Any slippage, any slippage in a revenue
18:27growth rate or a margin growth rate or
18:30an earnings per share number or
18:32something like that, that's that's when
18:35you start to run into some trouble.
18:37>> No premium in the stock. So, let me
18:39disagree with you right there. Okay?
18:40>> Stock has been selling at a below market
18:42multiple for 24 months. There is no
18:45premium on the stock. there hasn't been
18:47since even before you bought it.
18:49>> However, the reason that the stock has
18:52been trading the way that it has is
18:53because there's been the promise that
18:55Nvidia is in at the center of literally
18:57everything. If Coree wins, so does
19:00Nvidia. If OpenAI wins, so does Nvidia.
19:02>> Do you think that just changed?
19:04>> I do. I I do. I I the reason I say that
19:07is because it's going to be very hard
19:08for this company to move the way it has
19:10moved in the past with the overhang of
19:13we don't know what all has happened from
19:15a national security perspective. We
19:17don't know what meetings they'll now be
19:18shut out of. We don't know what
19:19relationships have now been destroyed.
19:21So there's just so many unknowns here
19:23that I think it's impossible to expect
19:25Nvidia to be able to move the way that
19:27they have and be able to command any
19:29sort of a
19:31centerpiece relationship that they have
19:33to the AI train.
19:34>> All right. So you're saying that Jensen
19:35Wong's out, you're out. By the way,
19:36William Blair coming out.
19:37>> Yeah. I mean, Jensen was one of the best
19:39salesman in the world. Let's be very
19:41crystal clear about that. Like the way
19:43that man could sell his products and his
19:46vision is legendary as a oneonone,
19:48right? And every single CEO in the world
19:51wanted to be there with Jensen, right?
19:54Didn't matter if it was Benny off at
19:56Salesforce, didn't matter if it was
19:57McDermott at at uh Service Service Now.
20:00Didn't matter who it was. Everybody
20:02wanted to be like tied in with Jensen,
20:04right? Like this the guy, the salesman,
20:07the business legend, right? And um that
20:11certainly goes away. That doesn't mean
20:12companies like, oh, we're anti- Nvidia
20:14or something like that. It's just it's
20:16not going to be the way it was, right?
20:18and the speed you can move being founder
20:20le with a guy with that much power you
20:22can just move a lot faster and uh speed
20:26will be slowed down now at this point in
20:28time in an industry where AMD's on it
20:31man like AMD's on it and so you just got
20:34to understand like AMD is not going to
20:36they're not going to slow down like AMD
20:37is just speeding up AMD's been catching
20:39Nvidia we know this we can see it in the
20:42products that AMD's been launching over
20:44the last you know couple years here we
20:46can see it in the moves Nvidia's been or
20:48AMD's been making for acquisitions. And
20:50we can see it with the customer results,
20:53right? So like you're not in a position
20:56where if you're Nvidia, you can really
20:58slow down, but they're going to have no
21:00choice but to slow down. Meanwhile, AMD,
21:04they don't have to slow down. They can
21:06just keep going 1,000 m hour. So it's
21:10it's it matters.
21:11>> That Nvidia is going to lose its
21:12creative relationship driven dealmaking.
21:14It sounds like you you share that
21:16sentiment as well. Uh, Bill, I want to
21:17come to you. You and Josh still in in
21:18the name. So, go ahead. Why are you
21:20staying?
21:20>> Well, we we did trim at 217 3 weeks ago.
21:23So, that does help a little bit here.
21:25It's still a top holding of ours. Now, I
21:27think you also want to look at the path.
21:29How did we get here at 165 right now?
21:32>> We can't get we can't get into how we
21:33got here.
21:34>> Well, I mean, but if you look at the
21:36want us to do that,
21:36>> but the selling that took place that
21:38broke 200 late in the month of October
21:41was on the heels of these big hypers
21:43scale earnings reports. And the
21:44sentiment around that was not only about
21:46the the election that came the following
21:48week, but as well that the hyperscalers
21:50are going to maybe pull back on the
21:51capex. A lot of banks still believe that
21:53the capex is still going to be there. So
21:56I think there was already a tremendous
21:57amount of selling that that got us here.
21:59And this is this the kick while you're
22:00down. But yeah, 101 forward earnings,
22:03the backlog and current infrastructure,
22:04it's it's highly probable that you're
22:06going to get an above market rate of
22:07return in the future off this name. But
22:10when you start to look one to two years
22:11out, yes, there going to be questions
22:13about how and will they move forward.
22:15Where does that competition going to
22:17come from? Maybe a Broadcom, maybe an
22:18Alphabet uh with the TPU. But again, I I
22:22think that we're [laughter]
22:23Oh, John mentioned AMD. Holy smokes, I
22:26can't listen to that guy anymore. Uh so
22:29here's a big mistake uh people are
22:31making with Nvidia. Big big mistake.
22:34Okay, if you watch my last reaction
22:37channel video I released on the channel,
22:39I called this out. A lot of you guys
22:41picked up on this, right? Remember what
22:42happened? Dan Niles is like, I can't
22:46imagine how much worse it can get from
22:48here. And I'm like, are you kidding me?
22:50This could easily get worse. More
22:52affairs could come out. He could be
22:53kicked out of the company. Like, there's
22:55so many things that could happen. And
22:57obviously, guess what happened? It got
22:59worse. So now people like, it can't get
23:01any worse. Yes, it can get worse.
23:03doesn't mean it for sure will, but it
23:05could absolutely get worse. You know,
23:07Jensen's going to have to get in front
23:08of Congress. There's always a potent
23:11like that's either going to be a neutral
23:13event or a negative event. There's no
23:14coming out of that where that's a
23:16positive event. It's either neutral or
23:17negative. Okay? So, there's that that
23:20things are going to have to be dealt
23:21with. There could be full-scale big
23:24government investigations into Nvidia's
23:26business. There can be things that come
23:28out of Nvidia's customers doing illegal
23:31business practices um and selling chips
23:34to China or whatever. There there's so
23:37much crap that is going to tie up
23:40executive teams attention for a certain
23:42amount of time, right? And how did they
23:45navigate all this without Jensen at the
23:49helm? Like Jensen's a genius with
23:51dealing with all this crap, right? It's
23:54like Jensen is not just a genius in
23:55terms of um understanding like here's
23:57the chips we need to come out with for
23:59the future and here's where this
24:00technology is going in the future. He's
24:02a genius with dealing with all this BS.
24:05He's the guy that does it. He's a guy
24:07that understands I need to, you know, be
24:09in with Xi in China and I need to be in
24:11with President Trump in uh United States
24:14and I need to, you know, be in with this
24:16person and this business legend and this
24:18business leader and and this big bank
24:20and he understands like this whole game.
24:22He's been playing this since the '9s.
24:24So, he's gone away. So, now, who's going
24:27to be able to take that spot and be able
24:29to deal with all these individuals
24:33the way he was? Who's going to be able
24:35to command that level of respect?
24:38Like, if Jensen's in a room with Trump,
24:41Jensen commands a level of respect
24:44that's incredible.
24:46a random CEO of Nvidia that's in that
24:49same room does not command that same
24:51level of respect.
24:53If if if Jensen's having, you know, a
24:56meeting with Xi in China or somebody
24:58that's right underneath Xi, there's a
25:00whole different level of respect that
25:02goes along with that versus a random CEO
25:04at Nvidia. They're they're not on the
25:07same level.
25:09They're not on the same level. And uh
25:11the same goes for any sort of situation.
25:14If Jensen's in a room with any sort of
25:17business CEO, the level of respect that
25:19other individual has for Jensen is is is
25:22skyhigh. Like you can't even imagine it.
25:25And um if there's another CEO in the
25:28place, there's just not that level of
25:30respect, right? Um and so that that's
25:33something very important to understand
25:34here, folks. Okay. Okay. Next up here,
25:37you know, I made a very a very big call
25:40back around liberation day last year,
25:43right? And I said AMD over the next
25:46several years is going to significantly
25:48outperform Nvidia. And I said it won't
25:50even be close. And so what are the
25:53results of that very big prediction? And
25:55I got a lot of hate when I made that
25:57prediction. Oh, I get so much hate all
25:59the time, man. It's unbelievable. I get
26:01a lot of love, too. Okay? I get a lot of
26:02love from you guys. I appreciate it. But
26:04I also get plenty of hate, especially
26:06when I make controversial statements.
26:08And a lot of times people then look back
26:10a year later, a few years later, and
26:11like
26:13he was he that was a controversial
26:14statement, but damn, he was he was right
26:16about that. And uh I'm not afraid to
26:18stick my head out there and get a lot of
26:20crap in the short term and then people
26:23usually get caught up to it in there and
26:25be like, "Oh, now we see it, right?" And
26:28so I made a very controversial statement
26:31and I put my money where my mouth is
26:33back, you know, early 2025, invested
26:35heavily into AMD and I said AMD is going
26:38to obliterate Nvidia's returns over the
26:41coming years. It's not even going to be
26:42close. And you know, at that time AMD
26:45was an underperforming stock that was
26:47seen as a disappointment. People called
26:49it advanced money decimator, right? And
26:52now they call it advanced money
26:53duplicator. And Nvidia could do no wrong
26:56at that particular time. like Nvidia was
26:58the one, right? And now you look at the
27:00performance of these two stocks and
27:03you know it speaks volumes. AMD is up
27:06648%.
27:09Since that time last year, Nvidia is up
27:1172%. 72% by the way is not bad. Um but
27:15it's a long way from 648%. Right? And
27:18this whole situation with Jensen, this
27:20is just one component. Even without
27:22this, AMD was already just absolutely
27:25knocking the, you know, the cover off
27:27the ball. And so, you know, you you got
27:30to have your conviction. You got to know
27:32what you're doing. And the thing gave me
27:33conviction is really understanding AMD's
27:35business model, understanding the
27:37financials around it, what could happen
27:38to the financials in the future, and all
27:40this sort of stuff, right? And if you
27:41need help understanding all this, I
27:43teach it all in my private group. I
27:44teach it all in my private group. All
27:46the stuff that's gotten me to this place
27:48where I can make a controversial call
27:49like that and then capitalize and make
27:51millions, literally multiple millions of
27:53dollars has come a long way. And I teach
27:55you all the stuff that I know right up
27:57here. There's no other like product I
27:59have that I'm like, oh, you know, I'm
28:01saving some for this other product. No,
28:02I teach you all in those course
28:04curriculums. I teach you everything I
28:05know. And so, you want to access that,
28:07that will be the pinned comment down
28:08there today. You go down there, click on
28:10that, fill out a form. Let's get you in
28:12there. Let's get you up to a much higher
28:13level than where you're at today. All
28:16right, let's get into the next one.
28:17Nvidia is in uninvestable at these
28:18levels and then we'll get into my
28:19favorite opportunities in this market.
28:22>> At these levels, I don't think so. I
28:24mean, there's too much, you know, too
28:26much to happen right now. We're probably
28:27going to see uh for better or worse,
28:29Jesse Young is going to be, you know,
28:31probably removed a CEO. I mean, it's
28:33it's pretty rare for a CEO to, you know,
28:36be involved with a subordinate and not
28:38ultimately it cost them their their job.
28:40So, I can't see how he survives this.
28:42and the board has painted themselves
28:45into a bit of a corner by not having any
28:47kind of succession plan. You know, I've
28:48heard him compared to, you know, this is
28:50like Steve Jobs being removed from
28:52Apple, but he he put in place a
28:54succession plan and cultivated and
28:56groomed Tim Cook for years. So that when
28:59his time, you know, when he finally
29:00passed away and he took over, there was
29:02a real leader there. And right now,
29:04Nvidia doesn't have that person in
29:06place. And so it's going to be either a
29:09choice of have keeping Jensen and being
29:11faced with months and months of being
29:13hauled in front of probably
29:14congressional
29:15uh you know uh uh uh boards and things
29:19to explain themselves and you know all
29:20kinds of interrogations or they're going
29:23to have to move on from him and that's
29:24just going to make the stock
29:25uninvestable. That doesn't make the AI
29:27trade uninvestable but it certainly
29:29makes Nvidian uninvestable.
29:33Richard, we're seeing right now the
29:34stock down more than 8% in extended
29:37hours. What happens to the stock if the
29:40board does decide to go ahead? Do I feel
29:43like Nvidia's uninvestable? My take is
29:48I wouldn't necessarily put it in that
29:49category. The category I put it in is
29:51the same category I've had it in since
29:54this time last year. Since this time
29:56last year, I said Nvidia is a rangebound
29:59stock. They're feeling really negative
30:01about it. it's going to go down to the
30:03125ish level, right? If they're feeling
30:06really bullish about it, they're going
30:07to move it up to 200 or a little above
30:09200. And ultimately, it's just going to
30:12be stuck there for the next several
30:13years. And that's the call I made last
30:15year, right? And it's still what I would
30:19say about that stock today. It's a stock
30:22that's just it's just a rangebound
30:23stock. And so, you know, it's the way
30:26it's been. It's the way it's going to be
30:28for a while. Um, and there could be a
30:32moment in the future when it is very
30:34interesting again, but it's not at this
30:36exact time, right? Uh, but I also
30:38wouldn't put it in the uninvestable
30:39category because that makes it sound
30:40like it's like a toxic asset that's, you
30:42know, going to crash 70% or something
30:44like that. And I I don't see that
30:46scenario
30:46>> and decide ultimately that Jensen Hong's
30:50position is untenable now.
30:53>> Yeah, I think the stock goes lower from
30:54here. I think we're getting the opening
30:56bid right now and then there's still a
30:58question mark. They may not do it. I
30:59mean, as some of the other analysts have
31:01mentioned, they have painted themselves
31:03in such a corner where they don't have a
31:05succession plan. There's no obvious uh
31:08bench there that can step right in and
31:10take over. And so, they may kind of ride
31:13try to ride this out and retain him. Um,
31:16but you know, there's that that's that's
31:18the issue. Jensen really made a big
31:20mistake here. He never even made it
31:22publicly known of who's the number two
31:25at Nvidia. Unless you are super into
31:28Nvidia, you have no clue who the number
31:30two is at Nvidia. Like who is that
31:32second most important person with Apple?
31:35It was a very different story. That's a
31:38very different story. You had um I
31:41remember Apple. You had Eddie Q. You had
31:45Phil Schiller we knew about. You had the
31:47amazing and legendary Johnny IV we knew
31:51about, right? You had Tim Cook we knew
31:53about. Like there was like this bench
31:55behind Steve Jobs and that's what I talk
31:57about when he left Apple. He, you know,
31:59we knew about all these individuals.
32:01Unless you're like insanely into Nvidia,
32:04you don't even know who the number two
32:05at Nvidia is. Like who's the second most
32:07important person at that company? Who's
32:09the number three? Jensen just never gave
32:11enough opportunity to really spotlight
32:15other executives and make them shine,
32:17right? Um he might have made him shine
32:19in different ways, but damn it, it
32:21wasn't in the public eye, right? Uh,
32:23okay. Let's talk about some of the best
32:24opportunities in the market that I see
32:26personally out there right now. And, uh,
32:28then we'll go from there. And once
32:30again, if you're looking to join the
32:30private group, that'll be pinned comment
32:32down there today. Fill the form. We'll
32:33see if we can get you access maybe this
32:34weekend or next week. That's also access
32:36to my Discord chat, exclusive weekly
32:38videos, see all the moves I'm personally
32:40making out there, and all that good
32:42stuff. Okay? And let's get you up to a
32:43much higher level than where you're at
32:44today. So, best opportunities I see in
32:47the market. There's a few, right? So
32:50honest is still a great opportunity I
32:53believe um in the market. I think that's
32:55the most undervalued
32:57uh under $1 billion company in the world
32:59and uh I think people will see that over
33:02time. Hims is interesting but I was
33:05looking at him recent numbers their
33:07their member numbers definitely is
33:10concerning. So you know I I don't know
33:14like him is getting to that valuation
33:16where it's very compelling. It's under
33:1720 bucks, but I'm just not sure if I
33:20feel super comfortable investing into
33:22him. So, it's one I'm I'm paying closer
33:24attention to as a potential, but I'm I'm
33:28slightly concerned there. Right. RH is
33:30still a great opportunity, I believe.
33:31Obviously, the stock has bottomed and
33:33has started to head up, but I think RH
33:34is a great opportunity. ELF continues to
33:36be a great opportunity. You guys know
33:38how I feel about that. I believe them
33:39and Eel both finished somewhere between
33:42120 and 140 this year. Uh, the hood's
33:45interesting, but I still the hood. What
33:46do I say to you guys about the hood? I
33:48need in order for Robin Hood u for me to
33:51want to buy Hood, I need that stock to
33:55not only be down, but I really need the
33:57market to be in like a bare market at
33:58that particular time. for me to buy hood
34:01when I mean how much the S&P 500's
34:03probably only down uh I don't know four
34:06or five% off all-time highs you know the
34:10the QQQ the NASDAQ's probably down I
34:12don't know 11% from alltime highs or
34:15something in that ballpark let's call it
34:1610 to 12% you know that's just not super
34:19big compelling
34:21you know reasons to buy hood like I
34:23really want to see the S&P 500 be hit
34:25double digit percentage and the Q's be
34:27hit like 20% plus for me to say, you
34:30know what, I want to buy Hood. Celsius,
34:31the wealthiest remains a phenomenal
34:33opportunity out in the market. Um,
34:35anything anywhere around these levels, I
34:37think, is just a great long-term buy
34:39there. The Flicks, I think, is a
34:41phenomenal buy there. Uh, that's super
34:44attractive right now. Wind as a
34:46long-term investment is a very
34:47attractive buy as well. E, I told you
34:51guys I think that stock finishes this
34:52year somewhere between 120 and 140. U,
34:55but the long-term opportunity there in
34:56E's immense. It's just not as big as
34:58ALF. Uh American Express, yes, you know,
35:02American Express anywhere in the high
35:03twos, low 3s is absolutely a great
35:06long-term buy. You know, Nike, we're
35:08staying with it, baby. We're staying
35:09with it. And uh yeah, so th those are
35:12kind of the ones that really stick out
35:13to me as great opportunities. Okay, I
35:15appreciate you all for joining me as
35:16always. Thank you so much for being
35:18here. If you want full access to
35:19thousandx.com, you want full access to
35:21all of my course curriculum such as
35:23become master of stock market,
35:24millionaire playbook, stock options
35:25mastery, dividend investing mastery,
35:27financial statements mastery, my
35:28valuation mastery course, you want
35:30access to all the moves I'm making out
35:32there, exclusive weekly videos, all that
35:33good stuff, that'll be the pinned
35:34comment down there. Click on that, fill
35:36out a form, see if we you're a good fit
35:38to join us in there, and then maybe we
35:39can get to you in there this weekend or
35:41next week. Much love and have a great

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