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Nvidia's record Q3 earnings of $57 billion reveal strong AI demand, but experts warn of potential financial bubble risks due to excessive borrowing by companies purchasing AI infrastructure.
Gil Luria from D.A. Davidson joins the podcast to dissect the potential AI bubble, discussing the risks of debt-fueled AI infrastructure investments, the challenges of rapid technological depreciation, and the complex game theory driving massive spending by tech giants.
Michael Burry's massive short bet against Palantir causes the stock to drop 10% despite the company's impressive earnings report, highlighting concerns about AI valuation and the stock's high trading multiples.
Oracle's stock surged 36% after announcing robust earnings and a potential $300 billion compute contract with OpenAI, though experts caution the deal's feasibility. Apple's latest product launch underwhelmed investors, with shares declining after the announcement of incremental updates to iPhone, Watch, and AirPods.
Here's a two-sentence description for the episode: Nvidia reported a record-breaking $46.7 billion quarterly revenue, with complex geopolitical challenges surrounding its China chip sales. The episode also explores the U.S. imposing a 50% tariff on India and analyzes California's efforts to revive Hollywood through tax incentives, ultimately concluding that the entertainment industry's structural decline cannot be reversed by tax breaks.