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we're expecting a massive week next week in terms of for the hyperscalers I think Apple the Bears have owned this narrative they will prove the doubters a little weak in terms of China I think overall they actually beat numbers I I think Apple's one that this is this sort of marks the bottom that we believe we'll see for the year in in apple Dan let's go there spend a little bit more time on on Apple the stock is down uh about 10% year to date um which is really unusual for that name here give us the what the concerns are specifically about phone sales in China look and let's go through numbers too um look China has been soft clearly like the last few quarters in terms of what we've seen with the headwinds there in the market but when it comes to the AI release Apple intelligence that we believe that that that's actually not going to get released till April bu do 10 cent bite Dan's likely going to be the partner is it a little softer it's about 2 to 3% softer in China so just to put numbers around it Street was anticipating 225 million units for the year we believe right now it's tracking about 230 million 5 million ahead the best case was 240 million so maybe that's off the table Paul and time I think this is as way overdone sell off as I've SE on Apple in a number of years Dan talk to us about paler that's a name that maybe not a lot of people know when they think about these big tech stocks and I know you guys have been aggressive on this name and it's been just such a great performer over the trailing 12 months stocks up 370% give us your call on paler I I believe it's the next Oracle or Salesforce because my view when it comes to the AI Revolution this is probably the best software pure play in the market just like Nvidia on chips this is how I view where palente teers on software side that's why look you know many have hated this they hated this as a as a teenager to start the year 1213 and they despise as a senior citizen living in Florida at 80 right so you know and I believe this could ultimately be a stock that ultimately when you look out who could be the next Oracle sales I think it's pounder Dan go down the apple income statement okay I got single digigit Revenue growth and the Gloom crew hangs on that given the multiple 2030 wherever the multiple is but the magic happens down the income statement to generate cash is any part of that system given Paul's question on China or frankly another six worries like you know is what's going to happen in silos season 3 but with any worries of Apple is the cash generating machine broken free cash flow is going to increase 12 to 15% the next two to three years so what happens stop what happens the end of the month at 4:22 p.m.
when we go OMG China was light but cash flows up how much Dan I I believe cash flows probably beats 3 to 5% and free cash for the year will be up 12 to 15% which is why I believe this marks the bottom I I believe apple is a stock okay so you know good morning Mr Buffet Mr Buffet likes to listen when Dan IES is on are you telling Warren Buffett at Burk Shear to buy more Apple oh I think it's a table Bounder because it's my view you talk about Apple being light in the quarter but they're going to announce an apple intelligent partner in the next few months and then you ultimately you're going to have 25% of the world's population when they access AI it's going to go through an Apple device so my view is just it's one that's how so many have missed the last two and a half trillion in marap and apple they focus on the Bears coming out they own the narrative they scare White Knuckles and then cooking copertino come through and you're like and that look and that that that continues to be the Mantra here this is a name you own you don't sell Apple you own it Dan IES drops some truth bombs and gushes about Nvidia steadily emerging as the torch bearer of the AI explosion casting a spotlight that just got even brighter with anthropics ambitious funding plans riding on the coattails of AI advancement reports suggest an astounding trajectory for anthropic with talks of a multi-billion dollar deal that's stirring conversations in Tech circles everywhere but what does this mean for NVIDIA and the AI domain as we prepare to venture into 2025 let's unravel the suspense welcome back to invest ocracy it's great to have you so we had the update from meta here this morning just in terms of their spending plans for AI exceeding the streets expectations is this a sign of just what's to come here over the next week or two yeah look I think it's just get the popcorn out because in my opinion this is the start of this massive build out of AI capex that I think the Street's massively underestimated think about the 80 billion number from Microsoft now you got meta and it's cost the rest of tech that that's bullish for Tech and of course with Trump and Stargate I think it just shows this fourth Industrial Revolution just starting you hear of a a $60 billion type of spend that is coming forward from meta on that AI what is the multiplier from meta for those dollars that are going out and and being invested into some of their efforts it's about use cases because ultimately when when you look at meta the AI capability is on advertising on subscriber growth and ultimately building out businesses that don't even exist today because it's all about monetizing and install base and that's there's no different than the way that the hyperscalers have done with Microsoft you know Amazon Google and and now it's going to be start playing out on the consumer side and I think look Zuckerberg and meta they're they're one step ahead here in terms of where this is all heading clearly Google's heading down the same path and I think it just shows the street is underestimating what the growth is going to look like for Tech not just next week but for 2025 2026 why I think tech stocks are uping under 25 % this year especially with a lowed the regulatory sweep the legs you know in the Karate Kid reference in terms of where that's all been going as the wheel of innovation spins AI startups are igniting flames of investment enthusiasm anthropic with its eye-catching leap from a$6 billion valuation to a prospective $60 billion is Testament to this Relentless optimism though one might wonder if these AI ceilings are made of glass or steel the data speaks volumes Nvidia commands roughly 95% of the data center GPU Market adding profound depth to this narrative Amazon and open AI parade in anthropics Halls with their own chips yet Nvidia emerges with an advantage due to its dedication to semiconductor Innovatio talk a little bit more about the regulatory efforts in the Trump Administration maybe the impact it's going to have on some of these names let's kick it off with Tesla since we're getting those results on Wednesday there they've been they outperformed the mag 7 since we got the election results here of trump Dan I'm curious why is it viewed as such a catalyst here for Tesla given the fact that we are going to see a bit of a clawing back here of some of those Biden era policies that were very Pro EV yeah look I think when you look at the $7,500 credit and that's more of me being negative for new entrance Detroit big three and others for Tessa the game here the foot I think 90% of what's going to drive the stock it's the autonomous and the AI future because that is that the ultimate story here because when you think about I think the autonomous piece could be worth a trillion dollars Al loan the biggest issue has been regulator that now is going to drastically change on the Trump Administration obviously musk having playing I think a strong role in terms of where this is all going and and that's why I think this stock is actually underestimating what this is going to do the story in terms of cyber cabs autonomous FSD Robotics and that's why I think this is a$2 trillion Mark cap next week week starts what I believe is going to be a massive year ahead a a lot of that regulatory red tape though has been delegated to the states with regard to the full self-driving and implementation on the roads so to what extent do you expect a federal Force to come forward and resend that from the states and then it add into to Tesla's Outlook I mean you just you nailed it brat because I mean to me that's where it's all going it's going to be taken to the federal perspective Federal Ro map ultimately where autana is going to go you're almost going to need like a federal license to operate even on a fleet perspective the states will have a role but it goes back to like you have to take it away from the kids at the little kids table at Thanksgiving Federal needs to actually rule this because that's why when you look where this has gone it's gone nowhere and it speaks like Trump coming in a lot of these AI initiatives at star with Stargate autonomous is going to be the next piece I think in terms of federal road map coming out and that weighs the groundwork for what's going to be a new age you know when it comes to not just for Tessa but I think when you at wayo and others and just overall autonomous all right Dan real quick we only have about 20 seconds here but also Tesla launching that new model Y in North America and Europe what do you think that pricing strategy is going to look like just given the fact that we have seen consumers and many of these companies slashing prices in order to boost that volume it's a barbell that's one and I think they'll have the sub $335,000 vehicle though now's first half of this year they're in a massive position of strength but as we always say heaters will heat I think this is Ultimate a stock that has a massive run this year lot of talwin autonomous front and center Dan thanks so much for taking the time look uh I I guess I'll have to take a ride in a cyber cab one day once they're available uh just to Oh by by next year by next year you'll be in a cyber cab late next year you and szu will be in a cyber sounds sounds good we'll put it to the test uh thanks so much Dan appreciate it such gestures ink nvidia's signature onto the evolving parchment of AI intertwining their legacy with emerging giants like anthropic in this vibrant AI theater it's pivotal to note the intertwined Destinies of these companies and nvidia's persistent Frontier pushing the escalating arms race shouldn't overshadow nvidia's strategic plays after all elbowing out Nvidia resembles racing a Formula 1 car with a tricycle furthermore the challenge of budding Challengers like Amazon aligns with Matt Garmin statement of their AI processors supplementing not replacing nvidia's 'm wondering as an analyst who covers a lot of these names at what point do you start actually modeling in do you wait until their contracts or do you acknowledge that they is some sort of expectation and and therefore you get excited along alongside you know we saw the stock react uh in the late afternoon yeah look mois I think this is It's son you're gonna have to start the model in I mean not just for names like Oracle but especially when it comes to any of these sort of data center Innovation plays the palun teers Microsoft and others and and I think now it's a question of the multiplier fact how quick this is going to happen but we're seeing this off to a fast start and everything we're seeing in the Beltway this is going to be just really really positive for more of the data center players for Microsoft for Amazon for Google and of course for Oracle hey Dan it's Dan um you know when you think about some of these numbers being thrown around there's no specifics here you know Microsoft gave a capex guidance I want to say a few weeks ago they kind of guided to maybe 80 billion do in the next year or so 40 of that was going to be overseas don't you get to a point where you can only build so much data center structure here in the US especially for these big multinationals who has to serve other places around the world and the last part of this question is and what about power consumption like some point there's only so much data centers you can build in the near term because you are power constrained yeah Dan I mean you you hit on a great point because the reality is we could talk about these capex numbers but it's about you need the ultimate the grid you need the energy and we could talk about nuclear and other names like AO and you know and other but if you look on the data center side I mean there's essentially going to be more data centers under construction than actual data centers but now how quickly that gets built and especially when it we'll see in earnings but for Microsoft for Amazon for Google the capex is there but now it's about monetizing and how quick that's that's what the Street's going to be focused on for the next 2 three four quarters this unfolding Saga sets a persuasive stage for investors keen on surfing the AI wave with Nvidia as Market Titans align themselves in the AI Arena Nvidia carves its Niche with a proven track record and Visionary leadership that continually transcend conventional limits forecasts supported by robust growth indicators suggest Nvidia is geared for something way bigger than its current state but what's your take in this narrative join the conversation and
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