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Dan Niles bets dinner that $NVDA goes up on a beat and raise even if Jensen Huang is out, because Apple's stock didn't care when Steve Jobs died [ Zach: Clearly it is all Jensen Huang right now and how that stock's trading in the short term. ] "I don't know that it is, because what happens if they beat and raise next week?" "Do you think people are going to care? They didn't care when Steve Jobs passed away." "...I'm telling you this right now. I will bet you dinner next time we meet. If they beat and raise with an 11 PE, that stock is going up." "Because there's 40,000 people at Nvidia. Do you think Jensen's the only one at the company?" [ Zach: No. ] "Think there's not other people there designing chips that are competent?"

Dan Niles bets dinner that $NVDA goes up on a beat and raise even if Jensen Huang is out, because Apple's stock didn't care when Steve Jobs died [ Zach: Clearly it is all Jensen Huang right now and how that stock's trading in the short term. ] "I don't know that it is, because what happens if they beat and raise next week?" "Do you think people are going to care? They didn't care when Steve Jobs passed away." "...I'm telling you this right now. I will bet you dinner next time we meet. If they beat and raise with an 11 PE, that stock is going up." "Because there's 40,000 people at Nvidia. Do you think Jensen's the only one at the company?" [ Zach: No. ] "Think there's not other people there designing chips that are competent?"

Scott Galloway says a normal board would put Jensen Huang on leave until the independent counsel reports back, and Nvidia is keeping him on as CEO "Now here's the issue from a governance standpoint. It was very interesting today. They said he's going to continue to operate as CEO and they've hired a special counsel to investigate it." "Typically on a board, what you would do in anything of this gravity, you would ask him to take a leave of absence until you got the report back from the independent counsel." "The board is human. And I did some research on the board today. And it's a group of what I'll call talented, accomplished executives, but not what you would typically see on the board of the most valuable company in the world." [ Kara: I don't know one. They're mid level. ]

D.A. Davidson's Gil Luria says Jensen Huang personally bailed out CoreWeave three or four times, which is a problem if he has to step down "Nvidia didn't bail them out. Jensen Huang bailed them out."

D.A. Davidson's Gil Luria says Jensen Huang personally bailed out CoreWeave three or four times, which is a problem if he has to step down "Nvidia didn't bail them out. Jensen Huang bailed them out."

Dan Niles says Goldman's $300 billion Anthropic forecast for 2030 is Cisco in 2000 all over again [ Charles: A lot of people are holding on to a lot of great tech names that fundamentally look like they should be screaming buys ] "No, they're not. They're not screaming buys. That's the point. When you have the growth rate slowing like this... Anthropic, right? And we just walked through it. 145%, 45%, 25%. We don't know what the profitability is, right?" [ Charles: Is it reasonable to expect a company to go from 0 to $50 billion in six months and keep that kind of a pace? ] "Well, Charles, the problem is when you have people at Goldman Sachs putting out these forecasts of it's going to be $300 billion out in 2030, I go, this is like Cisco in 2000 saying we're going to grow sustainably at 30 to 50% for the next several years." "You can't, when your business is accelerating, say, hey, look at my growth rate, and then when it's decelerating, oh, don't look at that, it had to slow down. You can't do that."

Dan Niles says Goldman's $300 billion Anthropic forecast for 2030 is Cisco in 2000 all over again [ Charles: A lot of people are holding on to a lot of great tech names that fundamentally look like they should be screaming buys ] "No, they're not. They're not screaming buys. That's the point. When you have the growth rate slowing like this... Anthropic, right? And we just walked through it. 145%, 45%, 25%. We don't know what the profitability is, right?" [ Charles: Is it reasonable to expect a company to go from 0 to $50 billion in six months and keep that kind of a pace? ] "Well, Charles, the problem is when you have people at Goldman Sachs putting out these forecasts of it's going to be $300 billion out in 2030, I go, this is like Cisco in 2000 saying we're going to grow sustainably at 30 to 50% for the next several years." "You can't, when your business is accelerating, say, hey, look at my growth rate, and then when it's decelerating, oh, don't look at that, it had to slow down. You can't do that."

CoreWeave CEO Mike Intrator says when high yield got expensive he raised $9 billion in prepayments and deposits instead [ Jim: You indicated there's another kind of debt to the company that actually is basically trading at par. ] "That is correct. Our asset level debt has basically been rock solid through this entire thing." "We're about to launch another asset level debt in the next week or two that has already been rated high investment grade. You know, we suspect that that will be underwritten in the market at a 7 to a 7.5% interest." "You saw that in our earnings when I said, okay, high yield debt is getting expensive, we'll go to prepayments, which we have done in the past, and we raised $9 billion worth of prepayments and deposits."

OpenAI chairman Bret Taylor says we've already passed AGI as most people would have defined it three years ago "Three years ago, if I asked you to define AGI, you probably would have defined something that we've passed already."

OpenAI chairman Bret Taylor says we've already passed AGI as most people would have defined it three years ago "Three years ago, if I asked you to define AGI, you probably would have defined something that we've passed already."