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[ America. My friends, I'm just trying to make you . On a day where the Dow dipped 179 points, that's declined .009%. NASDAQ actually inched up.13%. I want to talk to you about how the stock business works against you. While I am now on my incessant book tour to sell how to make any how to make money in any market, I've gotten intense push back from many who are in this racket, including those who don't even know it is a racket.
The whole point of my book is that it's possible for you you to make big money by picking individual stocks as long as you do it right. But there's a whole cottage industry of people who constantly argue that stockpicking is a mug's game and you're better off parking your money in index funds that simply mirror the market.
At the same time, the media loves to scare you away from great companies that produce terrific long-term returns because negativity, what's it do? It attracts eyeballs. Sometimes the company's credible, you just can't take the press too seriously. So, here's what we're going to do tonight. I'm going to walk you through three different incidents where I've seen the company tell you one thing while the street or the media said the opposite.
So, you know what's really going on. And we're going to start with Nvidia. For months, Nvidia has been looking to sell its best chips into China. Why? China's a 50 billion market. But our government and the Chinese government both said no. US because of national security and the Chinese because they want to develop their own industry and not rely on Nvidia.
And that's why Jensen Wong, the CEO, always describes China as a bonus opportunity for the company. Listen to this. I would like everybody to just assume that China is a bonus opportunity in the future. At the moment, we got plenty of our demand is really strong as you know. Uh demand is really skyrocketing and and over the next couple of years, we've got a lot of demand.
and we have to go serve and if uh if China comes along which I believe is going to be in the best interest of the United States as well as China and the rest of the world uh that's going to be a huge bonus opportunity for us. Now though our government just agreed with Jensen is allowing Nvidia to sell the Chinese a very high power chip the H200 only one generation behind the current Blackwell line of chips and worth a great deal in the market.
Nobody cares. In a novel approach, the federal government's putting a 25% search charge on the product, but I don't think that's going to deter any sales. And what happens? Wall Street shrugs. The media is almost universally filled with doubts about China even wanting these chips, which is totally untrue.
They seem to think this move is worth nothing to Nvidia because the Chinese aren't interested. That's totally untrue. That's why the stock's doing nothing. It fell 58 cents today to close at $184.97 because of these untruths. Now, here's what I know. The Chinese want these H200 chips badly. Their government won't crow about it because they've got this domestic they they have domestic competitors that they've been funding.
They're trying to play catchup with Nvidia. That the government is favoring the domestic competitors is pretty obvious, but we know still the government wants our products. I even think the president's going to push for Nvidia sales and the Chinese will ultimately be big buyers, but nobody cares. Keep in mind just a few months ago the media was acting like that the Chinese shut out was the seinal issue facing Nvidia an existential threat because it wouldn't be able to sell perhaps the best market in the world.
When the China story was going against them it was all important. Now they've got a big win. It doesn't matter. Why? Because Nvidia is what's known as a retail stock owned heavily by you by individuals who are easily scared and small institutions take their queue from Wall Street which was lukewarm on the deal.
Do you know why I say own Nvidia don't trade it? Because this kind of thing has driven regular individ individual investors including perhaps you out of the stock since it was trading at two bucks when I recommended it and that was a few years ago. I view it as my job to stop the trading madness that grips so many people to dispel the needless fear to quell the rebellion against simply owning a stock.
Should you stop believing the critics of the history of video says you should? I'm going with history. History is a strong ally. Second story equally well chronicled and how to make money in any market is Apple. It's about Apple and how some people seem dedicated to scaring you out of liking Apple. It's like they're on a mission from God to help you.
They think they're the Blues Brothers. Questioning Apple's one of the most timehonored pastimes on Wall Street, and it's been very effective at causing shareholders to panic. And so, one of the greatest long-term winners I've ever seen. In September of this year with the iPhone 17 was coming out. We were with Apple CEO Tim Cook in Harrisburg, Kentucky, where the Corning makes the glass for phones.
At the time, I was blown away by the new models. I question all those who told us these phones weren't any good or were merely incremental or meaningless for an already flagging bottom line. These same critics were quick to point out that many good people were leaving Apple, so how could it be safe to own the stock?
Bulls like me were considered dreamers or even heretics because the very idea of owning this one seems so irresponsible. I don't get this attitude. I didn't need to be a fusive. I could have been cold and circumspect. I chose not to be because I'm a student of Apple's phones and it CEO. Who are these other people?
What are the what the detractors? What do they know? How about nothing? The stock's been on a huge winning streak since September, almost straight up since we went to that factory. And the media that embrace these negative stories, they just want to pump out negativity to please their editors. We get one more price target bump just today.
As club members know, I say own it, don't trade it. Third, let's talk Warner Brothers discovery. I've always been a believer in CEO David's house. I've worked with him in CNBC more than 25 years ago where he was an executive for a long time. When he got handed the Warner Brothers portfolio from AT&T loaded with debt, he did his best to get that pile of debt down while cutting costs, creating some very good lasting properties.
He turned it into the number one studio for television and movies while refining HBO into a very important streaming product, maybe second only to Netflix itself. He knew Warner Brothers Discovery couldn't rally with all that debt. But he also knew that if he could solve the cash, which cash flow matches, which he very quickly did, then a stock that was trading at 10, then nine, then eight, would be a triple once the market came to its senses and the acquirers came calling.
Well, now the acquirers here and it looks like what the media originally called a preposterous price was too low. I have no idea how this bidding war between Paramount and Netflix will take the shape. By the way, I have no idea whether there's not another one bitter worth lurking. These kinds of properties don't come up for sale very often.
Here's what I do know. So, as I've told anyone who'd listened this could happen, that this would happen, that this was something pre-ordained and definitive, definitive. I was ridiculed, of course, for believing Warner Brothers. He has such a high high price tag. But I believed in this man the way I believe in Tim Cook and Jensen Wong.
Oh, and if you stick with us, by the way, you're going to hear another company rocked and wrong by the complex I described just now. Marvel Tax. Let's see what they have to say about some stories that I think seem almost planted to drive the stock down. and those stories have been successful. Here's the bottom line.
If you want to make big money in individual stocks, you need to be a believer. Sometimes it doesn't pay off. Everybody makes mistakes. But if you don't believe in your stocks, then you'll never be able to stick with them through thick and thin. Any stock that's a winner inevitably attracts endless negative attention from the press because that's how you sell papers.
And belief is the only thing that will prevent you from getting scared out of your best holdings instead of staying long and profiting from the big moves that could be ahead. Kathy in California. Kathy. Hi, Jim. How are you? I am good, Kathy. How are you doing? Good, thank you. Uh, wanted to thank you for all your help with the investment club.
I really love being a member. Thank you. Friday meeting. Friday meeting. Go ahead. Yes, I'll be there. I'll be there. Um, wondering about a stock called Viva Systems. What are your thoughts on that? Okay, it's very controversial because what's happened is that it was knocked several times and the Salesforce call.
Salesforce was very successful. It makes me feel like wait a second we got to I don't want to be in Viva right now. Not with the way that Salesforce took them on and uh talk about winning some huge clients from Viva. Let's stay away. All right. You need to believe if you want to make big money and I showed you what was really going on behind the scenes which you didn't know about May money tonight.
The CBS turnaround seems to be working. The stock being the best performer in healthcare sector so far this year. I'm hearing what lies ahead. So you don't want to miss my exclusive. to you. Then Marble Tech just mentioned sort a week ago in earnings, but this is spent a little time here in the dog house as investors try and sort out if Amazon's new chips could be more of a bust than a boom to the company's business.
Going straight to the co. Plus, I'm sitting down with the heads of Cororp and AV. A big show. .
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