WEBVTT - Cliff Notes: Microsoft Passes Apple to Become the World's Largest Company

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<v Speaker 1>An illegal alien from Guatemala charged with raping a child

0:00:03.680 --> 0:00:07.480
<v Speaker 1>in Massachusetts. An MS thirteen gang member from Al Salvador

0:00:07.720 --> 0:00:11.840
<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

0:00:11.920 --> 0:00:15.840
<v Speaker 1>filming and selling child pornography in Michigan. These are just

0:00:15.920 --> 0:00:19.680
<v Speaker 1>some of the heinous migrant criminals caught because of President

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<v Speaker 1>Donald J. Trump's leadership. I'm Christy nom the United States

0:00:23.320 --> 0:00:28.120
<v Speaker 1>Secretary of Homeland Security. Under President Trump, attempted illegal border

0:00:28.160 --> 0:00:31.680
<v Speaker 1>crossings are at the lowest levels ever recorded, and over

0:00:31.760 --> 0:00:34.960
<v Speaker 1>one hundred thousand illegal aliens have been arrested. If you

0:00:35.040 --> 0:00:38.920
<v Speaker 1>are here illegally, your next you will be fined nearly

0:00:39.000 --> 0:00:43.000
<v Speaker 1>one thousand dollars a day, imprisoned, and deported. You will

0:00:43.040 --> 0:00:46.680
<v Speaker 1>never return. But if you register using our CBP home

0:00:46.720 --> 0:00:50.120
<v Speaker 1>app and leave now, you could be allowed to return legally.

0:00:50.479 --> 0:00:55.240
<v Speaker 1>Do what's right. Leave now. Under President Trump, America's laws,

0:00:55.400 --> 0:00:57.840
<v Speaker 1>border and families will be protected.

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<v Speaker 2>Sponsored by the United States Department of Homeland Security.

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<v Speaker 3>Microsoft has surpassed Apple as the world as the world's

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<v Speaker 3>largest company by market cap. So the great thing is

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<v Speaker 3>that is that we posted that like a week ago

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<v Speaker 3>that they were Microsoft was only one hundred billion dollars

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<v Speaker 3>away from passing Apple in market cap, and at that time,

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<v Speaker 3>you know, there's a lot of people in the comments

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<v Speaker 3>that was like, laugh out loud, only one hundred billion, Like.

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<v Speaker 4>Yeah, but you know it's a teachable moment as far

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<v Speaker 4>as for corporate finance, and you know how things that

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<v Speaker 4>can look like a large number to some is a

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<v Speaker 4>very small number to somebody else.

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<v Speaker 3>Perception is everything, and that's that's that's the thing about life.

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<v Speaker 3>One person's mountain is another person's hill, right, One person's

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<v Speaker 3>trash is another man's treasure. We could go down the

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<v Speaker 3>line here.

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<v Speaker 5>So no, pun intended, reception isn't very important.

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<v Speaker 6>Perception is a very important thing.

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<v Speaker 3>So one hundred one hundred billion, yeah to an average person.

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<v Speaker 3>To me, like as I'm looking at it from a

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<v Speaker 3>bank account standpoint, if I was looking at it from

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<v Speaker 3>that standpoint, then yeah, I'll be like, oh yeah, one

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<v Speaker 3>hundred billion dollars. That's crazy. But I think it's important.

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<v Speaker 3>Part of the job is to educate people. So we

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<v Speaker 3>wasn't look, we wasn't talking about it as far as

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<v Speaker 3>like in somebody's net worth.

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<v Speaker 7>Yeah, just in our bank America Mark America, I have.

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<v Speaker 6>One hundred million, So it's a teachable moment.

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<v Speaker 3>But so Microsoft has surpassed Apple that quickly, one hundred

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<v Speaker 3>billion dollars.

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<v Speaker 6>They caught up that quickly.

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<v Speaker 3>So do you do you foresee Microsoft maintaining this lead

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<v Speaker 3>and how does this play out for the future of

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<v Speaker 3>both companies? Do you see Apple reclaiming the petition? Does

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<v Speaker 3>it matter? Is it like just a celebroteatory thing that

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<v Speaker 3>you know doesn't really matter in the grand scheme of things,

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<v Speaker 3>or is it actually important?

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<v Speaker 7>I think it's actually important. Anytime you lose pole position

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<v Speaker 7>and you're not number one, you have to start to

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<v Speaker 7>be worried. Some stats around Microsoft profit margin. This is

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<v Speaker 7>a multi trillion dollar company. Thirty four percent profit margin, amazing,

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<v Speaker 7>operate margin forty three percent, gross margin sixty eight percent,

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<v Speaker 7>return on assets nineteen percent, institutional ownership seventy two percent.

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<v Speaker 7>So at a time when Apple is not the innovator,

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<v Speaker 7>the leader and breaking edge technology wants you, and we

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<v Speaker 7>have to compare this to Apple is also a consumer

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<v Speaker 7>based company that does some enterprise and some BDG. Microsoft

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<v Speaker 7>does a ton of BDG, ton of enterprise with wider margins.

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<v Speaker 7>You have to be worried when someone passes you up.

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<v Speaker 7>This isn't just like some milestone that does not matter.

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<v Speaker 7>And normally when these companies are number one, and of

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<v Speaker 7>course for the next year or two, I think they

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<v Speaker 7>go back and forth in terms of market cap. But

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<v Speaker 7>once again, if they don't innovate, I can see Microsoft

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<v Speaker 7>keeping that lead and with the interest in AI.

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<v Speaker 8>And it's the interesting part. Microsoft hasn't partner with.

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<v Speaker 7>Anybody to make an electronic vehicle, which we can talk

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<v Speaker 7>about that's Space Slater. They have not gotten into healthcare,

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<v Speaker 7>and they don't have a consumer product that people love.

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<v Speaker 7>If they actually innovate and make a product that people

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<v Speaker 7>really love at scale with the leadership, with Satia just

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<v Speaker 7>being focused on the business, this could be the era.

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<v Speaker 7>Well Microsoft remains dominant for a decade, and I keep

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<v Speaker 7>saying that if it wasn't for Barber, there would be

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<v Speaker 7>no Microsoft.

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<v Speaker 6>Kudos to Barmber and everything that you're doing.

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<v Speaker 7>I think you're amazing, but he wasn't right for the

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<v Speaker 7>CEO position, and Gates had a lot to do with

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<v Speaker 7>that with the infighting. But I think this is probably

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<v Speaker 7>and I still love Apple for everyone who's messaging me

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<v Speaker 7>like should I sell Apple?

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<v Speaker 6>No?

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<v Speaker 7>But I think we are seeing a passing of the

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<v Speaker 7>guard if you will. And most importantly, we need publicly

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<v Speaker 7>traded companies to build things that actually work and that

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<v Speaker 7>people need.

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<v Speaker 6>We don't and I have three of them.

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<v Speaker 7>We don't need another iPhone seven upgrade that's called a fifteen.

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<v Speaker 8>Microsoft is actually innovated.

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<v Speaker 7>And then once they got into the AI space, amazing

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<v Speaker 7>partnership with like their joint venture that they did with

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<v Speaker 7>Open Ai and put them in a different category. So

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<v Speaker 7>if I was Apple, I would be a little bit worried.

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<v Speaker 7>And Microsoft as of now definitely is a better company.

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<v Speaker 1>An illegal alien from Guatemala charged with raping a child

0:07:30.480 --> 0:07:34.280
<v Speaker 1>in Massachusetts. An MS thirteen gang member from El Salvador

0:07:34.520 --> 0:07:38.640
<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

0:07:38.720 --> 0:07:42.600
<v Speaker 1>filming and selling child pornography in Michigan. These are just

0:07:42.720 --> 0:07:46.480
<v Speaker 1>some of the heinous migrant criminals caught because of President

0:07:46.520 --> 0:07:50.040
<v Speaker 1>Donald J. Trump's leadership. I'm Christy nom the United States

0:07:50.120 --> 0:07:54.920
<v Speaker 1>Secretary of Homeland Security. Under President Trump, attempted illegal border

0:07:54.960 --> 0:07:58.480
<v Speaker 1>crossings are at the lowest levels ever recorded, and over

0:07:58.560 --> 0:08:01.800
<v Speaker 1>one hundred thousand illegal as have been arrested. If you

0:08:01.840 --> 0:08:05.679
<v Speaker 1>were here illegally, your next you will be fine nearly

0:08:05.800 --> 0:08:09.800
<v Speaker 1>one thousand dollars a day, imprisoned and deported, you will

0:08:09.840 --> 0:08:13.480
<v Speaker 1>never return. But if you register using our CBP home

0:08:13.520 --> 0:08:16.880
<v Speaker 1>app and leave now, you could be allowed to return legally.

0:08:17.280 --> 0:08:22.000
<v Speaker 1>Do what's right, leave now. Under President Trump, America's laws,

0:08:22.200 --> 0:08:24.640
<v Speaker 1>border and families will be protected.

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<v Speaker 2>Sponsored by the United States Department of Homeland Security.

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<v Speaker 5>See I mean it was short lived, right, So Apple

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<v Speaker 5>did go back on top as the number one as

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<v Speaker 5>far as market cap, But I'm with you. In twenty

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<v Speaker 5>twenty four definitely, And we said the six months ago

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<v Speaker 5>when we were looking at the market caps were analyzed

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<v Speaker 5>and the same based on the four momentum that Microsoft has,

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<v Speaker 5>especially with the partnership, like you said in open Ai,

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<v Speaker 5>there's a chance here that they're going to pass them in.

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<v Speaker 5>That day came, and I think it's gonna be prolonged

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<v Speaker 5>for a couple of reasons, but I think that AI

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<v Speaker 5>space is one of them. You mentioned that there hasn't

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<v Speaker 5>been a product that Microsoft has had, a consumer product,

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<v Speaker 5>and so I had to when you said it, I

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<v Speaker 5>started thinking, like, was there a product?

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<v Speaker 6>Is Windows the last product? Right?

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<v Speaker 5>Is that the last thing that people could say that

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<v Speaker 5>we really loved in the nineties in the nineties, right?

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<v Speaker 5>And interestingly enough, what they've now done with open Ai

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<v Speaker 5>and creating Copilot, this might be the thing. So if

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<v Speaker 5>you look at the numbers on Copilot that just did

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<v Speaker 5>a quick research on it, nearly half of Fortune one

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<v Speaker 5>hundred companies have incorporated into the enterprise software already. And

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<v Speaker 5>so you're talking about large revenue right when you're talking

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<v Speaker 5>about Fortune one hundred companies. But they're going to have

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<v Speaker 5>it for consumers as part as their their their office package.

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<v Speaker 5>Uh and this year what that does now when you

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<v Speaker 5>have open ai right and you have copilot using that,

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<v Speaker 5>now you need more cloud space. And so what has

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<v Speaker 5>been increasing over the past three quarters for them bazoor right,

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<v Speaker 5>And it's kind of dented in the space where Amazon

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<v Speaker 5>Aws was is far by far the leader. It's cracked

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<v Speaker 5>the dent in their in their their their lead, it's

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<v Speaker 5>cracked that in Google Clouds lead. And Ozor is that

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<v Speaker 5>third place player with a lot of momentum. And so

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<v Speaker 5>if you're looking at these two things alone, and last

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<v Speaker 5>week we talked about it, what's the innovation? What is

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<v Speaker 5>the thing that Apple will have and we don't know

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<v Speaker 5>it yet?

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<v Speaker 6>Yeah.

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<v Speaker 5>No, the fact that they are already in the lead

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<v Speaker 5>in this AI space with these mountain factors. I like

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<v Speaker 5>them for twenty twenty four and maybe for twenty twenty

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<v Speaker 5>five if we don't see the exact innovation. I know

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<v Speaker 5>people in the comments, actually read the comments on the

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<v Speaker 5>other day when we did market Mondays, and they're like

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<v Speaker 5>people said the same things when Steve Jobs passed. They

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<v Speaker 5>don't innovate enough, they don't innovate enough. Okay, they have products,

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<v Speaker 5>they have had products, but that wasn't true. Well, this

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<v Speaker 5>is what the comments were saying. Right, they've had products,

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<v Speaker 5>and yes, right, we've seen what Tim Cook has done.

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<v Speaker 5>And I mean there's an argument that he could be

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<v Speaker 5>when it goes down right in history and we look back,

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<v Speaker 5>he might have been a greater CEO than Jobs.

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<v Speaker 6>Was also a question, that's right question.

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<v Speaker 5>Yeah, And so now now is the time, right over

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<v Speaker 5>the next twelve to sixteen months, it's going to be

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<v Speaker 5>important time. And I know it's like it's sematics, right,

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<v Speaker 5>your market cap.

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<v Speaker 6>Is number one. I was his number two.

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<v Speaker 5>But it means something right in those headquarters, right, it

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<v Speaker 5>means something. And Amazon's right there too. Right in the

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<v Speaker 5>past I think twelve years, there's only been three companies

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<v Speaker 5>that have been in that one and two spot, Amazon,

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<v Speaker 5>Apple and Microsoft. So it definitely means something amongst them.

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<v Speaker 5>And whoever comes out with the most innovative and is

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<v Speaker 5>leading in a way of the future, especially for technology.

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<v Speaker 5>I mean, they get the crown. And I'm sure that

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<v Speaker 5>people able to think about it the same way that

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<v Speaker 5>Amazon and Microsoft.

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<v Speaker 6>Doo. Everybody wants to be the top spot.

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<v Speaker 7>Yeah, if the enterprise value or the market cap value

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<v Speaker 7>is the same. Apple's profit margin is twenty five percent.

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<v Speaker 7>Microsoft is thirty four. For a multi trillion dollar company

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<v Speaker 7>that's like a one hundred million dollar business having an

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<v Speaker 7>eighty percent profit margin, it does matter. And if they

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<v Speaker 7>make another acquisition being Microsoft, that can give them a Furtherly,

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<v Speaker 7>it's never a good thing when you have a brand

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<v Speaker 7>and people are before it comes out are saying, I'm

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<v Speaker 7>not going to buy that product. Even Apple fans are

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<v Speaker 7>saying unless it can shoot out laser beams or transport

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<v Speaker 7>me to Davo, so put me in game and throw

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<v Speaker 7>I don't even I'm not even going.

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<v Speaker 6>To consider it. We're here, right, We walked the streets

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<v Speaker 6>for two hours.

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<v Speaker 5>Every ten feet two letters are posted all throughout the

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<v Speaker 5>streets and it's AI everywhere, and yeah, every single it's AI.

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<v Speaker 6>It's AI.

0:12:35.600 --> 0:12:38.080
<v Speaker 5>And if we think about AI, especially from the consumer side,

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<v Speaker 5>who's leading that space?

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<v Speaker 6>There's no doubt it's Microsoft. It's no doubt, not even

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<v Speaker 6>a question. So what I'll tell you what? You take

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<v Speaker 6>two index, no stress.

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<v Speaker 7>I even even remember people saying Microsoft wouldn't have the

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<v Speaker 7>number one spot.

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<v Speaker 8>Investing those two, you'll be good. But I still want

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<v Speaker 8>the companies that I'm invested in to keep their and

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<v Speaker 8>keep innovator.

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<v Speaker 1>An illegal alien from Guatemala charged with raping a child

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<v Speaker 1>in Massachusetts. An MS thirteen gang member from Al Salvador

0:13:09.640 --> 0:13:13.760
<v Speaker 1>accused of murdering a Texas. Man of Venezuelan charged with

0:13:13.840 --> 0:13:17.720
<v Speaker 1>filming and selling child pornography in Michigan. These are just

0:13:17.840 --> 0:13:21.600
<v Speaker 1>some of the heinous migrant criminals caught because of President

0:13:21.600 --> 0:13:25.160
<v Speaker 1>Donald J. Trump's leadership. I'm Christy nom the United States

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<v Speaker 1>Secretary of Homeland Security. Under President Trump, attempted illegal border

0:13:30.040 --> 0:13:33.600
<v Speaker 1>crossings are at the lowest levels ever recorded, and over

0:13:33.640 --> 0:13:36.880
<v Speaker 1>one hundred thousand illegal aliens have been arrested. If you

0:13:36.960 --> 0:13:40.800
<v Speaker 1>are here illegally, your next you will be fine nearly

0:13:40.880 --> 0:13:44.920
<v Speaker 1>one thousand dollars a day, imprisoned and deported, you will

0:13:44.920 --> 0:13:48.600
<v Speaker 1>never return. But if you register using our CBP home

0:13:48.640 --> 0:13:52.000
<v Speaker 1>app and leave now, you could be allowed to return legally.

0:13:52.360 --> 0:13:57.120
<v Speaker 1>Do what's right, leave now. Under President Trump, America's laws,

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<v Speaker 1>border and families will be protected.

0:14:00.000 --> 0:14:01.959
<v Speaker 2>Answered by the United States Department of Homeland Security