bg2
Brad Gerstner and Bill Gurley on tech, markets, and investing, with frequent investor and operator guests.
Speakers
Recent episodes
Latest calls
ANTHROPIC/long
Anthropic's coding-driven revenue scaling is the existence proof; coding may be fastest path to AGI
we do have an existence proof that once you really get on that Pareto frontier, right, revenue can scale rapidly and it's called Anthropic. And there does seem to be an exhaust— there seems to be a lot of demand for coding
Peak+3.3%
SMH/short
Semi stocks ran straight up a cliff and are tired; may need to rest or retrace near-term
You've had a lot of stocks that forget climbing a mountain or hill... They've gone straight up a cliff... They're tired. They need to rest. And we'll see, do they just rest at the top of that cliff they climbed... Or do they need to go downhill for a bit?
Peak+7.5%
SPCX/long
SpaceX IPO is a set-and-forget must-own; terrestrial AI compute alone gets to leaked $160B revenue
I don't know another entrepreneur or another business that's a better bet on the future, right, than SpaceX. And so I think for most institutional investors, it's a must-buy, a must-own, it's set it and forget it
Peak+33.0%
NVDA/long
Frontier models capturing 90%+ of AI profits; the lead is extending, not closing, so compute demand runs far longer
if you believe this to be true about long-running agents, then we're going to produce and consume more tokens in the future as far as the eye can see.
Peak+4.0%
GEV/long
Vernova wins as scarce gas turbines get sold to the fastest data center builders like xAI
if you're Vernova,. And you say we only have a certain number of gas combustion engines. Now we can sell them to X.AI or we can sell them to one of these startup neo clouds. Who are you going to sell them to?
Peak+31.7%