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Speaker 1: This episode is brought to you by P and C Bank.

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Speaker 1: A lot of people think podcasts about work are boring,

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Speaker 1: and sure they definitely can be, but understanding of professionals

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Speaker 1: routine shows us how they achieve their success little by little,

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Speaker 1: day after day. It's like banking with P and C Bank.

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Speaker 1: It might seem boring to safe plan and make calculated

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Speaker 1: decisions with your bank, but keeping your money boring is

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Speaker 1: what helps you live a more happily fulfilled life. P

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Speaker 1: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly

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Speaker 1: Boring since eighteen sixty five is a service mark of

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Speaker 1: the PNC Financial Service Group, Inc. P and C Bank

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Speaker 1: National Association Member FDIC.

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Speaker 2: I think Meta definitely in this class is incredibly strong.

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Speaker 2: Hell of a turn around from twenty twenty two. I

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Speaker 2: think it's unfair, but I think it's just like general

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Speaker 2: market conditions that's dragging them a help a lot lower.

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Speaker 3: With you one hundred percent.

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Speaker 1: Metal as a buy in fact, I when I saw

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Speaker 1: it drop fifteen percent, I bought it.

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Speaker 3: Now it's down.

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Speaker 1: Twenty three, I might have to add some share to

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Speaker 1: the portfolio again. I like the aggressiveness of Zucker Berg

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Speaker 1: their cap back spend. You know, they said they're increasing it.

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Speaker 1: They're all in on this. They understand the severity of

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Speaker 1: winning this this this AI race. They have the innovation,

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Speaker 1: they have the data. When you're talking about all the

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Speaker 1: platforms that they have at their disposal, they have products.

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Speaker 3: Now that the glasses are doing pretty.

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Speaker 4: Well, they are doing incredibly well, and they're expanding their

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Speaker 4: data center expansion in their vision for AI, all pun

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Speaker 4: intended is very clear, and it's going to cost, and

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Speaker 4: their understanding of that, and the fact I think, you know.

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Speaker 1: People took took his cadence during the earnings call a

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Speaker 1: little to heart and say that he was a little

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Speaker 1: two lackluster and a little frivolous about how you're speaking

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Speaker 1: about the cap backs.

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Speaker 3: But it's dual and fascinat that's the part that's it.

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Speaker 2: If he did okay, and I was super critical of

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Speaker 2: the metaverse investment that in that story, but he's investing

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Speaker 2: into the right things at the right price at the

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Speaker 2: right time. To not be left behind when Apple didn't

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Speaker 2: and they get punished makes no sense. You can argue

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Speaker 2: I won't do it this week. But this year Zuckerberg

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Speaker 2: has been better than Cook, there's no question.

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Speaker 1: Oh the resurgence has been incredible, right, like we're talking

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Speaker 1: about I mean, it was down in the four nineties.

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Speaker 1: I know it pulled back obviously during the deep Seak thing,

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Speaker 1: but it's rebounded. Was at seven over like seven to

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Speaker 1: fifty at one and obviously it is pulled back here.

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Speaker 3: And you know, it's probably one of those gold rules

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Speaker 3: in investment for me.

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Speaker 1: If if an asset that I truly truly believe in

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Speaker 1: is at a discount, if it's between twenty to thirty percent,

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Speaker 1: and then I also see the options down thirty.

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Speaker 3: It hits the check check, check check.

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Speaker 1: All I got to do now is executing and Matter

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Speaker 1: has done that and it's done it again, might have

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Speaker 1: to reposition it, but yeah.

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Speaker 3: Strong margin.

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Speaker 2: That margin is thirty two.

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Speaker 1: Yeah, which is which is the opposite for a company

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Speaker 1: like again, all these companies not created evil Core. We've

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Speaker 1: we've been speaking about it, and I know it's one

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Speaker 1: of the companies you just said, but we've been saying

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Speaker 1: six months. Six months has been our golden rules. Six

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Speaker 1: months came in September. It's been trending downwards since they reported,

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Speaker 1: and I like Core, We've I've always said, I liked it.

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Speaker 1: The only thing that troubled me was the debt, right Like,

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Speaker 1: that matter their data center expansion, it's not they had

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Speaker 1: to take on debt to expand.

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Speaker 3: Now they do have in Video as a partner.

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Speaker 1: But when you think of how they're using in video,

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Speaker 1: right like, in Video is supplying GPUs to them, but

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Speaker 1: they're not the top of the line GPUs, right like,

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Speaker 1: it's not black Well, it's not Blackwell, Ultra is not Rubin.

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Speaker 1: They were using the age twenties, and so the Hoppers

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Speaker 1: for those who are in the know. But when you

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Speaker 1: think about that, right like, people are going to lease

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Speaker 1: that compute, but they're leasing it at a lower tier model, right,

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Speaker 1: So that almost becomes a depreciating asset every time the

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Speaker 1: company puts out a newer version. So by the time

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Speaker 1: you're using the Hopper and they've already had Blackwell, by

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Speaker 1: the time you got Blackwell and you're least they've already

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Speaker 1: they've all and then it's Ruben and it's Rubuilt, and

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Speaker 1: so that becomes a depreciating asset. That business model is interesting,

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Speaker 1: but the debt that they're taking on to expand is

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Speaker 1: concerning because they have to generate a certain amount of

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Speaker 1: revenue just to offset it, and it doesn't look like

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Speaker 1: they're doing that right now, which is why you sort

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Speaker 1: of stop full so greatly from I think one things

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Speaker 1: training at like seventy.

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Speaker 3: Dollars now and so that that's my my slight issue

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Speaker 3: with cord we.

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Speaker 1: I think it'll be here obviously, as Nvidia is has

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Speaker 1: a vested stake in them, But that's my major concern

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Speaker 1: record with Even.

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Speaker 2: With that, koeve having a partnership with in video Kobe

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Speaker 2: is a mistress with a lot of debt. Just because

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Speaker 2: you get to hang out once a week, it does

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Speaker 2: not mean that your primary investment is over with all

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Speaker 2: y'all who kept acting like y'all in the video. It's

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Speaker 2: over with all the holders.

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Speaker 3: Some debt is good.

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Speaker 2: Just a prime example.

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Speaker 3: While it's not no what you're saying they're over with Koe.

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Speaker 2: Not saying that they're not a class.

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Speaker 3: No. I started it by saying.

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Speaker 2: You know, but it's a lot of people who were

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Speaker 2: like what they're going to Yeah, you know what?

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Speaker 3: Because people people traded it and they did make money.

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Speaker 1: So I'm not mad at those people who like, hey,

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Speaker 1: I was part of the I p O when it

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Speaker 1: was at forty and then around great.

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Speaker 2: I'm all for if you were in a private market,

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Speaker 2: but even the people at the private ship they got

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Speaker 2: rid of it that it's a shot, that's the stock game.

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Speaker 3: They're the selloff.

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Speaker 1: That's why I said we got away six months, because

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Speaker 1: after that six month hold up, we're going to see

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Speaker 1: people say, all right, we're taking profit. We've made money,

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Speaker 1: we've had pre ipo, this is a nice run up.

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Speaker 1: Let's let's take some profit off the table for events

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Speaker 1: like this. Whereas now trading at seventy. So we'll see

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Speaker 1: where it heads over the next couple of weeks. We'll

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Speaker 1: see Wednesday again will be a teller, right.

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Speaker 2: Like if they'll bounced back eventually get back into the

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Speaker 2: ninetiese hundred range. But they that run up from forty

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Speaker 2: to like one seventy.

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Speaker 3: Yeah, it was crazy overvalue. Chat put in chat, hit

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Speaker 3: the like button. Shit, what about pound two? I think

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Speaker 3: poundt's issue is evaluation. IFU like seventeen high, bro, but

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Speaker 3: what's the number? Seventeen seventeen hundred.

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Speaker 2: Is too hot? Like great company, I don't like what

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Speaker 2: they do. I'm starting to like Alex a hell of

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Speaker 2: a lot of the CEO I won't lie. I don't

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Speaker 2: like the mission because of how it affects black and

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Speaker 2: brown people. But when it ran from five to eighty

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Speaker 2: four to two of seventh, great returns. If you made

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Speaker 2: money on it, I'm incredibly happy. But I don't know technically, Okay,

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Speaker 2: if Palaenteer is publicly traded, Anderil getting as much coverage

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Speaker 2: and lore around it, it's scary. If I'm a Palenteer owner,

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Speaker 2: for sure. Now is there an ecosystem of both of

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Speaker 2: them can thrive? And I think, of course Alex is

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Speaker 2: a elon ask CEO where he's driving a lot of

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Speaker 2: the value through his vision, work, ethic, selection, and curation

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Speaker 2: of executive management team.

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Speaker 3: For sure.

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Speaker 2: But the valuation on this company is too hot. And

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Speaker 2: I even think if you look at Peter Tiel and

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Speaker 2: Alex would if you've got them in a private conversation,

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Speaker 2: they will tell you the same thing. Like the true range,

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Speaker 2: they should be in the one twenty one thirty range.

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Speaker 2: If they were there, there would be more room to go.

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Speaker 3: But they hit their high for the year, for sure.

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Speaker 3: The forward PE is one hundred and eighty five. That's

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Speaker 3: fucking insane.

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Speaker 1: So I mean the revenue, the revenue isn't matching that

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Speaker 1: just yet, will it at some point? Right when we're

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Speaker 1: talking about the amount of government contracts that they will secure,

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Speaker 1: and I'm not just talking domestically, I'm talking like global

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Speaker 1: government contract and that I'm sure that they'll play a

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Speaker 1: role in Yeah, that number that that that that revenue

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Speaker 1: has to come in at some at some point that

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Speaker 1: could even match this. I think they're they're a victim

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Speaker 1: of Hey, this thing is run too high. People are

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Speaker 1: talking about an AI bubble. This is AI tech and

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Speaker 1: the in the sense of having defense tech.

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Speaker 3: Who is the poster child for high evaluation?

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Speaker 1: I think they're the poster child and that this is

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Speaker 1: this is the repercussions of it.

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Speaker 3: Just pull back here.

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Speaker 2: After the Nvidia trade took off so well, everyone was

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Speaker 2: looking for or the next thing to park money into

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Speaker 2: great company once to get don like the Mission earners.

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Speaker 3: What's up?

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Speaker 1: You ever walk into a small business and everything just

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Speaker 1: works like the checkout is fast, their seats are digital,

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Speaker 1: tipping is a breeze, and you're out the door before

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Speaker 1: the line even builds. Odds are they're using Square? We

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Speaker 1: love supporting businesses that run on Square because it just

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Speaker 1: feels seamless.

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Speaker 3: Whether it's a local coffee.

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Speaker 1: Shop, a vendor at a pop up market, or even

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Speaker 1: one of our merch partners, Square makes it easy for

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Speaker 1: them to take payments, manage inventory, and run their business

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Speaker 1: with confidence, all from one simple system. One of the

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Speaker 1: things we love most is seeing neighborhood businesses level up

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Speaker 1: business West Indian Spire writing our community that started with

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Speaker 1: a small takeout counter. Now with Square they've been able

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Speaker 1: to expand into a full sit down restaurant and even

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Speaker 1: started catering events across the city. That's the kind of

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Speaker 1: growth that inspires us, and it's powered by Square. Square

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Speaker 1: is built for all types of businesses, from the corner

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Speaker 1: bagel shop that turned into a local chain, to the

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Speaker 1: specialty market with thousands of unique items, to the stylist

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Speaker 1: who's been holding you down for years. If you're a

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Speaker 1: business owner or even just thinking about launching something soon,

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Speaker 1: Square is hands down one of the best tools out

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