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Speaker 1: So I'm gonna start with the ones that are obvious,

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Speaker 1: that are in the portfolio that will remain in the portfolio.

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Speaker 1: So TSM, we kind of highlighted that already am D

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Speaker 1: is still in the portfolio. It will remain in the

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Speaker 1: portfolio for twenty twenty six.

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Speaker 2: Meta.

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Speaker 1: And I'm gonna stop on Meta really quickly because I

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Speaker 1: didn't highlight it in the last class and I wanted

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Speaker 1: to save it for the top of twenty twenty six.

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Speaker 2: Meta is a very interesting stock.

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Speaker 1: We already know all the things in terms of social

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Speaker 1: media and all of.

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Speaker 2: The assets that it has.

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Speaker 1: We talked about spending the CAPEC spend, but I think

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Speaker 1: the most important spend that they had, and it kind

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Speaker 1: of got overlooked, was this two billion dollar acquisition of Mannas.

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Speaker 2: And so if that happened over the time we were off, you.

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Speaker 1: Probably overlooked it, probably like all that doesn't even make

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Speaker 1: What are they doing? I don't even know what that is?

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Speaker 1: So why is that important? Well, Meta has spent a

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Speaker 1: lot of money on shore. Part of it is the problem,

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Speaker 1: and why we've seen to stop pulled back, is that

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Speaker 1: the spend hasn't equated to actually making money, right, like

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Speaker 1: you have to yet Yeah, keyword. Yet the Mannus acquisition

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Speaker 1: changes all that. Right, It's like when Durant went to

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Speaker 1: the Warriors bro.

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Speaker 2: So what does what does Manus do?

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Speaker 1: They actually create AI agents that do real time work

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Speaker 1: like they do work now, right, and so why is

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Speaker 1: that important that? Because people were actually paying for those services,

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Speaker 1: and so you purchase a company that has revenue, now

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Speaker 1: you bring that revenue into your company.

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Speaker 2: Well, how much revenue were they doing? Well, Mannus was the.

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Speaker 1: First, and not the first, the fastest fastest company in

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Speaker 1: history to have one hundred million dollars of annual rate

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Speaker 1: of return one hundred million fastest ever. They saw what

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Speaker 1: they were doing, they said, look, we've spent a lot

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Speaker 1: of money, we have some debt, well a lot of

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Speaker 1: debt that we're building.

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Speaker 2: We need to get some revenue coming in.

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Speaker 1: Let's figure out an AI company that is actually making

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Speaker 1: money right now. Man, this was that they acquired it.

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Speaker 1: I think that was a huge deal. So Meta is

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Speaker 1: definitely on the list. We got GeV. We highlighted that

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Speaker 1: a few months ago.

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Speaker 2: Lily.

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Speaker 1: What you talked about ian hood we spoke about on

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Speaker 1: the last episode Visa and then I go into my

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Speaker 1: memory sector with Micron, and Micron is a company I've

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Speaker 1: been talking about for probably like I know, yeah, it's

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Speaker 1: tired of it now three years, three years. But you

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Speaker 1: know a lot of people are like, well, well Microns run,

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Speaker 1: is it over? I mean it went up two And

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Speaker 1: my answer is no. And here's why. When we think

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Speaker 1: about TSM and then manufacturing, Right, they're doing that for Broadcom,

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Speaker 1: they're doing that, for Google, they're doing f meta. Obviously

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Speaker 1: they're doing f in video and a m D. Right,

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Speaker 1: we're talking about GPUs and CPUs. But inside of that

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Speaker 1: component needs it needs to have memory, right, all of them.

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Speaker 1: I don't care if Google says they're doing TPUs, you

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Speaker 1: still need a memory component.

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Speaker 2: Now.

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Speaker 1: I know Samsung will play a role in that, and

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Speaker 1: we saw Samsung their numbers went up today, s k

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Speaker 1: highex right. This, this is the reason. If you look

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Speaker 1: at the history of what these tech CEOs are doing,

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Speaker 1: once a year they make a trip and they go

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Speaker 1: to South Korea to sit down and figure out how

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Speaker 1: they're going to get memory components. In fact, well I'll

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Speaker 1: save that for the next company, so that growth is

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Speaker 1: still going to happen. In fact, they're projecting a top

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Speaker 1: line growth of ninety three percent for the fiscal year

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Speaker 1: of twenty twenty six. So Micron remains on a list

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Speaker 1: as well as Western Digital and that kind of goes

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Speaker 1: into my send disk. So we got TSM and video.

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Speaker 1: We'll go that, AMD, Meta, Micron, GV, Lily Hood visa

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Speaker 1: Western Digital. Now in video, if you watched and I

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Speaker 1: know Ian you were watching it today, we saw Jensen

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Speaker 1: scs physical AI is a real thing. Physically I is

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Speaker 1: a real thing, and he went over it and in detail.

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Speaker 1: We can't run from that all the times. Vehicles are

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Speaker 1: real thing and they've been working on that and presentation

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Speaker 1: wasn't impressive, I think equally as impressive. And this happened

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Speaker 1: at that last week of December is their acquisition of Gron.

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Speaker 1: And we talked about this on people like what grog

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Speaker 1: isn't that what what Elon has? Well, same a different company.

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Speaker 2: The company was valued at six point nine billion.

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Speaker 1: Dollars six point nine they weren't even for sale, right

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Speaker 1: and Video offered them and they actually took it twenty billion,

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Speaker 1: so almost three times what the company was actually valued at.

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Speaker 1: Why they were finding mastery in an area that in

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Speaker 1: Nvidia wasn't finding mastery and that is language processing units LPUS.

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Speaker 1: So add that to your PUS, right, we talked about CPUs, GPUs, TPUs, XPUS,

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Speaker 1: LPUS language lot processing units, So those do it's a

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Speaker 1: different approach in the GPU. It's a different design and

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Speaker 1: it makes specific models. Right, So why I say let's

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Speaker 1: try to create when we have a cash load of money,

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Speaker 1: let's go acquire. And so they acquired Gronk. I thought

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Speaker 1: that was a very big acquisition. And video is still

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Speaker 1: going to be the lead in the GPU market. We

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Speaker 1: know that they talked about Rubin today, I mean.

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Speaker 2: Shipping out Oh my god.

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Speaker 1: Yeah, okay, but that isn't my number one company of

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Speaker 1: the year. My number one company is going to be Google.

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Speaker 1: You motherfuck, It's going to be Google. Well, on the

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Speaker 1: same page.

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Speaker 2: I got. So the TPU performance.

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Speaker 1: We've seen with Gemini, I mean Gemini has now rivaled,

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Speaker 1: if not passed open Ai for the time being in

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Speaker 1: terms of gbts and it's being powered by those tbus

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Speaker 1: So first thing, I think the SpaceX investment comes into

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Speaker 1: play this year, right.

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Speaker 2: The SpaceX investment is very important.

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Speaker 1: In twenty fifteen, when people weren't looking, they were like,

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Speaker 1: why are they investing in SpaceX. This company that is aerospace,

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Speaker 1: Well they had vision, Sundar has vision and the vision

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Speaker 1: is coming to life. Why we talked about this on

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Speaker 1: class right, when we think about that CAPEC spend for AI, Well,

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Speaker 1: there's a couple of places it goes.

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Speaker 2: Number one, it goes to infrastructure. Okay, Well, if.

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Speaker 1: We can't build here, can we build outer space? Well yeah,

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Speaker 1: we can send satellites out there.

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Speaker 2: Okay. Well the next thing that compounds is energy.

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Speaker 1: Well, it cost us energy here, liquid cooling, nuclear power plants,

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Speaker 1: all this infrastructure we got to put online. Well, if

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Speaker 1: we're not in this atmosphere, where do we get our

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Speaker 1: energy from the sun?

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Speaker 2: Right? So you got infinite energy, you got infrastructure.

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Speaker 1: The next thing is cooling, right, Like, these chips don't

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Speaker 1: work without liquid cooling. If you watch Jensen's presentation today

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Speaker 1: when he talked about that rubenship, he talked about the

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Speaker 1: liquid cooling that was inside, right, because it's necessary. If

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Speaker 1: it's not at that temperature, the chips will shut down,

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Speaker 1: they won't work. But out of space, you're talking about

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Speaker 1: a temperature that's stagnan, it stays remaining, it's cool. So

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Speaker 1: from that standpoint, now I look at the twenty fifteen acquisition.

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Speaker 1: I'm saying, oh my gosh, they're working with Tesla. There's

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Speaker 1: something here.

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Speaker 2: It's perfect. That's going to turn into a billion dollar investment.

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Speaker 1: We already know when SpaceX has its IPO at some

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Speaker 1: point this year, they'll add to the revenue for Google.

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Speaker 1: And then the last piece is this Samsung part. So

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Speaker 1: last year Samsung confirmed that they had they had Gemini

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Speaker 1: and forty no, four hundred million devices, right, four hundred

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Speaker 1: million Samsung devices had Gemini. They are projecting and have

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Speaker 1: confirmed that that number is going to double in twenty

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Speaker 1: twenty six. They're going to have Gemini in eight hundred

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Speaker 1: million devices. Why is that important? Well, you got Apple

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Speaker 1: already on your books, right, because you've already done the

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Speaker 1: deal with Surri. Anytime you do a search engine on

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Speaker 1: Apple and they renewed that that's going to be Google.

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Speaker 1: Now you've got Samsung, which is the other competitor, eight

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Speaker 1: hundred million devices that are going to be using your

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Speaker 1: Gemini product. You add that into it. It's like, okay,

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Speaker 1: I see what they've done here, right, you'd add all

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Speaker 1: those things up.

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Speaker 2: I'm taking they took away from and they took away

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Speaker 2: everything Apple should have done. Yeah, well we'll play it.

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Speaker 2: There you go, fellas,