WEBVTT - Tigress's Ivan Feinseth Talks AI, Tech Stock IPOs

0:00:02.720 --> 0:00:07.240
<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News.

0:00:08.240 --> 0:00:11.280
<v Speaker 2>This is our conversation of the day. Ivan finds it

0:00:11.320 --> 0:00:15.880
<v Speaker 2>is incredibly grizzled in the technology area. Ivan, what's the

0:00:16.000 --> 0:00:18.520
<v Speaker 2>number one thing you got rog and tech? Give me

0:00:18.920 --> 0:00:21.560
<v Speaker 2>give me a by hoold cell where you just didn't

0:00:21.560 --> 0:00:24.200
<v Speaker 2>get it right at Tiger's financial which is the one

0:00:24.760 --> 0:00:25.400
<v Speaker 2>you regret.

0:00:26.720 --> 0:00:29.800
<v Speaker 3>Well, so far, I've been disappointed in Adobe. I've been

0:00:29.800 --> 0:00:32.680
<v Speaker 3>a bull on Quest for a long time that finally

0:00:32.720 --> 0:00:35.639
<v Speaker 3>caught fire. I was early on Nvidie, I mean on.

0:00:37.080 --> 0:00:40.640
<v Speaker 1>Intel. I've been saying Intel would regain his former glory.

0:00:40.680 --> 0:00:47.120
<v Speaker 3>But so far, Obi, which is a very powerful AI

0:00:47.720 --> 0:00:53.720
<v Speaker 3>creation driven creation platform, has yet to be recognized as

0:00:54.240 --> 0:00:58.200
<v Speaker 3>that I think the contribution it makes in content development.

0:00:58.520 --> 0:01:01.480
<v Speaker 2>So that's when I have this and I'm going to

0:01:01.520 --> 0:01:04.200
<v Speaker 2>shout out charlest Cancer new bigger bourbon on this. Everybody's

0:01:04.240 --> 0:01:06.200
<v Speaker 2>looking at the Adobe management going.

0:01:06.240 --> 0:01:07.839
<v Speaker 1>What is going on? Ivan?

0:01:08.000 --> 0:01:13.080
<v Speaker 2>I want you to interpret the AI IPOs that are

0:01:13.120 --> 0:01:16.800
<v Speaker 2>coming down the block. You're more you're just so qualified

0:01:17.120 --> 0:01:20.080
<v Speaker 2>at this. How do you look at anthropic ipo? Paul

0:01:20.160 --> 0:01:24.559
<v Speaker 2>help me here. Open AI is another one, But Ivan,

0:01:24.600 --> 0:01:25.880
<v Speaker 2>how do you translate those?

0:01:27.280 --> 0:01:31.240
<v Speaker 1>Well, I mean there's My favorite is still Perplexity.

0:01:31.560 --> 0:01:35.240
<v Speaker 3>I like, uh, you know tat GPT that seems to

0:01:35.880 --> 0:01:38.399
<v Speaker 3>give me good information and good data. I think on

0:01:38.440 --> 0:01:41.080
<v Speaker 3>a lot of these when you are looking for specific

0:01:41.160 --> 0:01:45.760
<v Speaker 3>data on things, I find it does help to quantify

0:01:45.840 --> 0:01:49.600
<v Speaker 3>the time period because sometimes it defaults to different, you know,

0:01:49.640 --> 0:01:52.920
<v Speaker 3>older time periods. But uh, there is going to be

0:01:52.960 --> 0:01:55.920
<v Speaker 3>a lot of interest in these I pos, at least

0:01:55.920 --> 0:01:56.600
<v Speaker 3>in the beginning.

0:01:56.760 --> 0:01:58.040
<v Speaker 1>Then they're going to have to perform.

0:01:58.440 --> 0:02:00.840
<v Speaker 3>I still think one of the best AI plays that's

0:02:01.000 --> 0:02:03.920
<v Speaker 3>not getting the respect I think it deserves as Microsoft.

0:02:04.400 --> 0:02:06.280
<v Speaker 1>But it seems now to turn again.

0:02:06.400 --> 0:02:10.720
<v Speaker 3>I mean, they have a very powerful AI platform and Azure,

0:02:11.320 --> 0:02:16.120
<v Speaker 3>and I don't know if they're gaining the traction that

0:02:16.800 --> 0:02:19.720
<v Speaker 3>everybody has expected Copilot.

0:02:19.840 --> 0:02:21.200
<v Speaker 1>But again, co Pilot is.

0:02:23.200 --> 0:02:26.600
<v Speaker 3>Still it still is driving revenue, and they are getting

0:02:26.639 --> 0:02:29.120
<v Speaker 3>more and more subscriptions now that they've shifted to target

0:02:29.200 --> 0:02:32.000
<v Speaker 3>to more commercial or business users.

0:02:32.040 --> 0:02:35.120
<v Speaker 2>But okay, I gotta get this headline out, Paul, this

0:02:35.200 --> 0:02:38.920
<v Speaker 2>is too important to Microsoft up one percent instantly anthropic

0:02:39.080 --> 0:02:44.359
<v Speaker 2>in talks to use Microsoft's AI chips from Information. Thank

0:02:44.400 --> 0:02:46.679
<v Speaker 2>you Alexis for that earlier yep.

0:02:46.720 --> 0:02:48.600
<v Speaker 4>So yeah, I mean we've seen more and more headlines,

0:02:48.639 --> 0:02:51.680
<v Speaker 4>and the AI story just skating momentum. I haven't you know,

0:02:51.720 --> 0:02:54.440
<v Speaker 4>we've had the SpaceX ipo out there in the marketplace

0:02:54.520 --> 0:02:58.600
<v Speaker 4>maybe eighteen hours here today. How do you think the

0:02:58.639 --> 0:03:02.400
<v Speaker 4>marketplace will approach this company, this ipo? I mean, the

0:03:02.520 --> 0:03:05.840
<v Speaker 4>size is just staggering. How do you think the markets

0:03:05.840 --> 0:03:06.440
<v Speaker 4>can approach it?

0:03:07.919 --> 0:03:13.280
<v Speaker 3>Very There's huge interest, very enthusiastically. I mean, finally, after

0:03:13.360 --> 0:03:17.320
<v Speaker 3>a forty year hiatus of focusing on space, you know,

0:03:17.600 --> 0:03:18.760
<v Speaker 3>we're returning to that.

0:03:19.440 --> 0:03:23.720
<v Speaker 1>And the ability to with the computing.

0:03:23.280 --> 0:03:27.480
<v Speaker 3>Power and AI to actually move this forward also is

0:03:27.520 --> 0:03:29.480
<v Speaker 3>going to make help make huge leaps.

0:03:29.480 --> 0:03:31.840
<v Speaker 1>So there's going to be a lot of interest. Everybody

0:03:31.880 --> 0:03:32.520
<v Speaker 1>loves space.

0:03:33.160 --> 0:03:36.040
<v Speaker 3>I mean, I remember I've been around, so I remember

0:03:36.080 --> 0:03:39.400
<v Speaker 3>the Apollo launches and how exciting that was and a

0:03:39.440 --> 0:03:40.560
<v Speaker 3>lot of enthusiasm.

0:03:40.880 --> 0:03:42.440
<v Speaker 1>And now that.

0:03:42.440 --> 0:03:45.000
<v Speaker 3>It's coming back, I think in an even more receptive

0:03:45.120 --> 0:03:49.880
<v Speaker 3>environment with a lot more interest. So I think the

0:03:50.000 --> 0:03:53.000
<v Speaker 3>SpaceX ipo is going to be very well received.

0:03:53.440 --> 0:03:55.160
<v Speaker 1>Is this even for its massive size?

0:03:55.400 --> 0:03:58.560
<v Speaker 4>Yeah, massive size, And you know a lot of folks

0:03:58.680 --> 0:04:01.160
<v Speaker 4>or some folks may get hung up on no matter

0:04:01.280 --> 0:04:03.960
<v Speaker 4>how you try, and no matter how many years you

0:04:04.000 --> 0:04:07.920
<v Speaker 4>go out, the valuation just makes no sense. But one

0:04:08.000 --> 0:04:11.000
<v Speaker 4>can make that similar argument for the life of Tesla

0:04:11.160 --> 0:04:14.280
<v Speaker 4>as well, and that's worked out. How do you think

0:04:14.320 --> 0:04:17.120
<v Speaker 4>about valuations for some of these really big companies that

0:04:17.120 --> 0:04:19.719
<v Speaker 4>have really long term outlooks.

0:04:20.600 --> 0:04:23.479
<v Speaker 3>It's having faith in the future. But I also say,

0:04:23.520 --> 0:04:25.480
<v Speaker 3>if you like Space, you gotta like Boeing.

0:04:26.040 --> 0:04:26.800
<v Speaker 1>Yep, yep.

0:04:27.000 --> 0:04:30.039
<v Speaker 2>But what's your single best buy here before we go ivan,

0:04:30.080 --> 0:04:31.680
<v Speaker 2>what's your single best buy right now?

0:04:32.760 --> 0:04:32.960
<v Speaker 1>Well?

0:04:33.040 --> 0:04:37.279
<v Speaker 3>I think big cap tech is Microsoft and interesting play

0:04:37.360 --> 0:04:39.320
<v Speaker 3>in a lot of different areas. We just put out

0:04:39.320 --> 0:04:42.880
<v Speaker 3>a new report yesterday on Garment, up dur price target

0:04:42.920 --> 0:04:44.040
<v Speaker 3>to three twenty five.

0:04:44.160 --> 0:04:45.120
<v Speaker 1>The stock is like.

0:04:45.400 --> 0:04:48.680
<v Speaker 3>Two thirty seven right now. This is a play in

0:04:48.839 --> 0:04:53.920
<v Speaker 3>so many areas as far as especially in health and

0:04:53.960 --> 0:04:58.039
<v Speaker 3>wellness AI driven health and wellness functionality. So I think

0:04:58.320 --> 0:05:00.680
<v Speaker 3>right here Garment is one of my favorite stocks.

0:05:00.680 --> 0:05:03.120
<v Speaker 2>Did you talk to Bill Ackman about this on Microsoft,

0:05:03.120 --> 0:05:04.919
<v Speaker 2>as he's shown a commitment there with Pershy.

0:05:06.240 --> 0:05:08.120
<v Speaker 1>I have not spoken to him directly on that.

0:05:08.400 --> 0:05:11.120
<v Speaker 3>We interesting left were one of the underwriters of the

0:05:11.640 --> 0:05:15.600
<v Speaker 3>IPO for his management company, Pershing Square and the Pershing

0:05:15.640 --> 0:05:19.919
<v Speaker 3>Square closed end fund he just launched. And you know

0:05:20.000 --> 0:05:23.640
<v Speaker 3>I think the timing is perfect for Microsoft. He was

0:05:23.720 --> 0:05:26.440
<v Speaker 3>invited to launch the fund at the time we saw

0:05:26.520 --> 0:05:28.320
<v Speaker 3>a pullback in a lot of tech stocks.

0:05:28.480 --> 0:05:29.599
<v Speaker 2>Ivan, thank you so much.

0:05:29.600 --> 0:05:29.920
<v Speaker 1>Ivan.

0:05:30.720 --> 0:05:33.760
<v Speaker 2>Ivan find sight there with a thought on Microsoft again.

0:05:33.800 --> 0:05:36.760
<v Speaker 2>We protect the copyright of our guests. Go to Tigris

0:05:36.760 --> 0:05:41.040
<v Speaker 2>Financial Partners to get his just really special work there.

0:05:41.080 --> 0:05:42.640
<v Speaker 1>You learned so much with that guy.