00:00 Speaker A
Let’s go down this list. Uh let’s start with Nvidia because you and I have been talking about Nvidia for years, but you also wrote another note today calling Nvidia the Rocky Balboa of the AI trade. What is left for Nvidia to achieve next year and where is the stock go?
00:10 Speaker B
Look, it comes down to like the demand to this point’s only been US. Think about sovereigns, what’s happened in Asia? And ultimately what I think with the we breaking back into the China market with the regulatory. Look, I think Nvidia earnings numbers, they’re underestimated probably 15, 20% over the next
00:27 Speaker A
Is that mostly because of China?
00:28 Speaker B
I think it’s China, but also I think it’s just the overall demand in the US. Now look, even though like on the Google TPU worries about Tommy Gun or whatever you want to say, Drago coming to get Rocky Balboa. just continuing the thesis. I
00:39 Speaker A
love Rocky 5, Dan.
00:40 Speaker B
It gets a lot of crap, but that’s a good movie. I’m not but I’m actually more bullish on Rocky 2. Yeah, but we okay. But but look the reality is is that there’s one chip in the world fueling the AI revolution. and that’s the Godfather of AI Jensen Nvidia.
00:52 Speaker B
But look, demand and supply is 12 to 1. Meta, they’re they can’t get all the chips they want from Nvidia.
00:58 Speaker A
As someone that is uh that has been very right on Nvidia, you’re very early on Nvidia. Is it laughable to you that Google is now getting some attention with its chips that it’s been making and suddenly we all supposed to care about them?
01:07 Speaker B
Look, I mean, it’s it’s part of the reason like, you know, we’ve been so bullish on alphabet or Google just because my view like you started off the year New York City cab drivers bearish on Google, right? Given yeah.
01:21 Speaker B
DOJ breakup, AI is going to ruin their business model, but it shows now, I mean they’re getting major mojo. But this is look, this is just another additional sort of catalyst for them. But I continue to view, I mean Nvidia 250 continues to be my view where that thing ends a year from now.
01:35 Speaker A
Nvidia, and then let’s hit up, let’s hit up Palantier. We just had Alex Karp at our invest event and he made obviously he’s co-founder of this company, he made a strong case for Palantier. What’s your case for Palantier?
01:44 Speaker B
It’s the Messi of AI. I mean look, it just comes down to like this is a company that when it comes to use cases, no one could compete. Now you could say it started off in the government side, but for all the work that we’ve done, that’s why there’s a name like the haters, they hated it 12, despised it 50, yelling from the mountain tops at 100. It continues to be in my view, what’s going to be a trillion dollar coming in the next two or three years. Look, is it super expensive today? Of course. But what happens when commercial bookings is 5X from where they are today?
02:11 Speaker A
And then, uh let’s hit another one on Tesla. Elon Musk signed, sealed and delivered. He’s got his pay package. What does next year hold for them? And are Robo taxis, that rollout next year, the main driver of the stock?
02:22 Speaker B
Biggest chapter of growth ever in its history. It’s about robotics, it’s about autonomous. Musk now wartime CEO. And I continue to view, I mean base case $600, bull case 800. They are going into what I believe when it comes to AI physical AI, two best companies in the world, it’s Nvidia and Tesla.
02:37 Speaker A
Are they a car company?
02:37 Speaker B
They’re not. Look, I I think it’s almost offensive to call them a car company. because I view them as just a pure technology company. I think investors can need to underestimate what that’s going to look like.
