# NVIDIA & AMD‼️Major new developments! **Creator:** Jeremy Lefebvre Clips **Platform:** youtube **Duration:** 26m **Source:** https://www.youtube.com/watch?v=3I1KI0QHhnw ## Summary AMD's recent earnings report exceeded expectations, with revenue of $81.6 billion and an EPS of $1.85, leading to a positive outlook despite a slight stock decline. Nvidia's high market valuation and previously impressive performance have set high expectations, making it challenging for the company to excite investors even with strong results. The semiconductor sector, particularly AMD, stands to benefit from Nvidia's success, with significant growth potential ahead. - AMD's revenue and EPS beat expectations, signaling strong performance. - Nvidia's stock struggles to gain traction despite impressive earnings due to high market expectations. - Nvidia's market cap exceeds $5 trillion, making significant stock price movements challenging. - AMD is projected to grow significantly, with potential for a trillion-dollar market cap. - Long-term investment strategies are emphasized, focusing on diversified portfolios. - The importance of understanding company financials and metrics is highlighted for investors. - Several stocks, including Estee Lauder, SoFi, and Celsius, are identified as strong buying opportunities. - The current market environment shows a divide between successful and struggling stocks, with many investors not achieving high returns. ## Transcript [[0:00]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=0s) Nvidia. What does it mean for Nvidia? What does it mean for AMD? The stock market in general all sorts of things, okay? Listen. AMD got the job done. Revenue came in at $81.6 billion. $72. $79.2 was expected. EPS beat $1.85 versus $1.78, right? Data center beat. Gross margins were in line. Q2 guide was ahead of what Wall Street expected, which was also expected. The whisper number, if you're talking about for the stock price to really have a big upward move, the whisper number is very important. Everybody understands this, was 92 billion. [[0:34]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=34s) So, in order to really get people excited, the guide needed to be 92 billion or above, right? Now, keep in mind they likely end up doing 92 billion or 93 billion when the numbers actually come out cuz they usually beat by a few billion dollars, okay? So, but people wanted a 92 billion dollar guide, so then that meant they could probably do 94 or 95 billion. Now, this is all short-term crap that everybody gets caught up into, but you got to understand it's for the game of Wall Street, okay? And they got gross margins 75% roughly there, right? And so, you look at the the these and you're like, "Dude, the numbers are phenomenal." Like they beat across the board and the stock goes down 1%. It's brutal, right? But that's that's the game of Wall Street, right? [[1:12]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=72s) And Nvidia, you know, also priced in a lot. It's a 5 trillion plus dollar market cap on the stock. It's not like it's, you know, some stock that's been beaten down and it's, you know, some crap valuation, right? The stock priced in a lot, right? And so, it takes so and this what I've been trying to explain to people over and over in regards to Nvidia. It takes so much to get people excited. The Wall Streeters excited to say, "I'm going to go buy Nvidia stock heavy." It takes so much. And they could come out with these unbelievable numbers and people kind of eh. [[1:43]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=103s) Because the exciting phase already transpired with with Nvidia stock. The exciting phase was when they were first beating by billions of dollars. People are like, "Oh my gosh." And it was like such an exciting phase and like the numbers were just shocking quarter after quarter. Now they come in, they beat by $2 billion or so and people are like, "Yeah, they beat the guidance by a billion couple billion dollars, huh?" You know, that's what's expected now. [[2:07]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=127s) So, you know, if you go back to 2022, Nvidia numbers were getting really bad. The stock fell 50% peak to trough from the Q4 peak of '21 to the Q4 trough of 2022, right? Important you understand this about the game of Wall Street. Numbers were looking bad, then they go through this amazing up cycle and the business just booms, right? And so it was like going from like an F grade student that no one was excited about to all of a sudden they became a straight A student, right? [[2:33]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=153s) And now they're a straight A student and that's what we expect from Nvidia now. And so no one's really excited about it. When that student goes from F grade to A grade, everybody's getting jacked up. They're like, "Oh my gosh, they're not getting D, they're not C grade student, they're a B grade student. Oh my gosh, they they're they're one of the best students in you know, all of America. They're amazing." But then once you become that, now we expect that. The expectations are sky high. You got to understand? And that happens in life. [[2:57]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=177s) That's just what it is, right? You know, that's just what it is. And in regards to they're above an an A grade. Like they're an A++. This is the highest possible grade I can give for an income statement in my grading scale. Like this is only reserved for the most special companies reporting just ridiculous numbers. Revenue up 85%. Cost of revenue only up 18%. Gross profit up 129%. R&D up 58%. So way less than gross profit. SG&A was only up 25%. That's nothing for company growing gross profit 129%. Total operating expenses only up 52%. Operating income up Operating income up a shocking 147%. [[3:38]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=218s) Now they also had this other income. My guess is after digging into this, my guess is it's probably something with their investment in the Anthropic or maybe maybe OpenAI. Obviously the valuations of those companies have been going crazy. So they probably have some investments in those and they took, you know, this like basically like one-off gains that have to be recorded. And so, it's, you know, it's an accounting type thing, but that was an 8,950% gain there, right? So, total other income was $16 billion, but don't get too excited about this cuz that stuff comes and goes. Keep that in mind, right? Net income for the company up 211% at $58 billion, and diluted EPS up what, 215% at 239. It's an A++ grade um for the company. During the first quarter of fiscal 2027, Nvidia returned a record record approximately $20 billion to shareholders in the form in the form of shares repurchased and cash dividends. The company has another $38 billion remaining under its share purchase authorization. On May 18th, so just a couple days ago, uh the board approved an additional $80 billion share repurchase, which is a big number, but for a company that's a $5 trillion plus dollar num- you know, market cap, it's not as dramatic as you might think, right? So, they're doing everything right, man. I mean, Nvidia's doing everything right. If you're an Nvidia shareholder, you have nothing but to be proud of the stock, you know, and in the company. Like, the numbers are incredible. The, you know, guidance is incredible, right? They're doing everything you want to do with the dividends and the share purchase repurchases. Like, they're doing it all. [[5:06]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=306s) You have nothing to be ashamed of holding the stock. That's what I'll say about that, right? No. You know, what does this mean for the sector? Good news, right? So, tomorrow, whatever happens is whatever happens. Like, you know, if Nvidia's stock moves down, it moves the semiconductor stocks down a few percent, who cares? Um at the end of the day, this doesn't mean that much for AMD other than just good news. Like, we'll just see what type of potentials out there for AMD over the coming years cuz you've seen it now with Nvidia. Like, and I don't have AMD going to a $5 trillion plus market cap, but I do have it going to a trillion plus dollar market cap, right? And the potential is a couple trillion dollar market cap. And so, um the the opportunity for AMD is just monumental out there. Keep that in mind, right? Now, you have all these earnings coming out, all this craziness, all this chaos, right? Remember some of the things that I always preach to you guys. [[5:53]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=353s) Build a portfolio you'll be proud of years from now. Don't just get caught up in the short-term numbers with these companies. Make sure your long-term trajectory. Build a portfolio you'll be proud of years from now, not just today. Staying diversified is your alpha long-term, right? Too many people get too invested in just one or two stocks. Be in growth, value, and dividend stocks. Keep a little cash around, right? Conference calls are non-negotiable. Listen, you know, you care anything about semiconductors, make sure you listen to the video conference call. [[6:18]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=378s) If you care anything about health, make sure you listen to the conference call. That was a banger. You can do it right through 1000xstocks.com. Know your company's financials. Be grading these income statements for yourself. Know your stock's metrics. Where your forward P is at for these stocks, two-year forward P's, trailing 12-month P's. Run your projections, right? Outwork, outsmart, buy the dip, never trip, ladies and gentlemen. Hey, I want to thank you so much for watching that clip here today. I hope you really enjoyed that one. What you're looking at right now is 1000xstocks.com. [[6:43]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=403s) 1000x does not just show you a billion different metrics that are completely irrelevant. It's curated mandatory metrics, advanced metrics, curated for long-term investors, not for traders. So, you can understand a company on the highest level possible, how it operates, and most importantly, making judgments on whether you want to invest capital into a company or not. Understanding the upside, the downside with companies. Is that company worth our investments or shall we keep our hands away? So, how you can access 1000xstocks.com is you can go to the description area of this video or you can go to 1000xstocks.com, apply for access to the service. All righty, ladies and gentlemen, let's talk some stocks that I'm looking to buy and what prices, what upside, those sorts of things, okay? Listen. [[7:33]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=453s) One stock I have on there is TTD. This one actually has me very intrigued now at this point in time. Now, TTD, their revenue growth is not going up nearly as rapidly in regards to TTD at this point in time. Okay, this is a company called Trade Desk. I've never owned this stock. It's always had my attention. It was a fast-growing company, but the growth rates are definitely plummeting for this one. And so, you look at it like trailing 12-month revenue is at 15.5%. Current year now expected to be 12%. Before they had been growing like 20 plus percent, right? But the PEs have come down enough that actually has been rather intrigued. [[8:07]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=487s) So, this one definitely has my attention. It's definitely a possible buy. It's not one I'm ready to pull the trigger on right now, but you know, if this one keeps moving down, especially if it goes under 20, I might have to start a position here. Estee Lauder, I love this one. Oh, do I love this one. I love companies that I just don't have to worry about being disrupted over the next, you know, 10, 15, 20 years. Estee Lauder is one of those companies. The brands they own are still going to be just as successful from Estee Lauder to La Mer and a million other brands. Well, not a million other brands, but a lot of other very famous, very successful brands in cosmetics, beauty that they own. They make a lot of money. They make a lot of profit. Their business is headed back on the right track now at this point in time. They've really, you know, the turnaround has come now at this point in time for this company. And so, the profitability should likely skyrocket for this company over this next bit of time. If we go to the charts feature here on 1000xstocks.com, type in EL, you'll begin to see what I'm talking about in regards to EL. So, this company obviously was in a rough place, right? Like the revenues have been going down, going down, and now we have flipped this script. Right around here, we start flipping to positive revenue growth, and this is where we're expected to go. And I think things are just going to get better and better from here. Same exact thing in regards to earnings per share. We put this on a quarterly basis, you really get to understand what's about to happen here for the company in regards to EPS. So, EPS is going to improve dramatically. Look at the free cash flow. Obviously, we already troughed that now at this point in time. [[9:36]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=576s) Everything across the board is already trothed and everything's headed back in the right direction. It should just get better for Estee Lauder. So, I love Estee Lauder under 100. The further it is under 100, the more it's a buy. Hood has my attention. The one thing I'm waiting on with Hood is I want to buy Hood with more damage out there in the market. That's my one thing for Hood. I want to pick up Hood when, you know, the the issue we have out there is S&P 500, Nasdaq, Dow, Russell 2000. They're not far off all-time highs, right? [[10:10]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=610s) You really want to pick up a stock like Hood when the market's been damaged. That's usually the time to pick it up. So, I'm keeping an eye on it. I'm already intrigued, but if this market could get some damage, then we're really talking about something interesting in regards to Hood here, okay? Elf on a Shelf, anything under $100 is a steal deal for Elf. The further it is under 100, the more it's a steal deal for this particular company. Listen, it's a buy before earnings. It's 52 bucks. It's a buy before earnings come out. It's going to be a buy after earnings come out. It doesn't matter what happens with the short-term stock price move. It could go down to 45. It could go up to 65. It doesn't matter. It's still a buy after earnings, okay? So, keep that in mind. [[10:48]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=648s) Buy before earnings, it's a buy after earnings, regardless of what the short-term stock price does. It's irrelevant. The stock, in my opinion, is going back to 200. Let me see if I have updated um projections for if I can get my projections. My like computer's kind of messed up. Let me see if I got A Elf on a Shelf, Elf T. There we go. Load. Let me see if I have updated here. Yes. Look at this, ladies and gentlemen. [[11:17]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=677s) Look at my base case for Elf. We're talking about a 40% plus CAGR. Listen. Elf's a buy today. It was a buy yesterday. It's a buy tomorrow. It's a buy next week. It's a buy next month. It's a buy. It's a steal deal right now, right? Steel deal. SoFi, I love SoFi stock. This is another phenomenal one. Um I mean, this is a company that is clicking on all cylinders. Anthony Noto's growing the company great. They just got to make it through future recessions and the world is theirs. [[11:47]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=707s) They're on their way to becoming a financial giant. So, anything under 20, I really, really like for SoFi. If it goes under 15, steel deal in regards to SoFi. Cheesecake Factory. Listen. In regards to cake, that may be one you're like, "Dang, man. You know, you're up quite a bit from You know, when I started buying cake, it was like a $30-ish stock. And I'm still interested in buying it at 58. The bottom line is like cake still a steel deal. And so, you know, I understand like it's gone up a lot over the past few years since I started buying it, but it's still a steel deal. Forward P is 14. And they got two growth engines for this company for the next, you know, 10-plus years. I like companies that I can buy into. I know they're going to make profits regardless of the economic cycle, and I know can grow regardless of what's going on out there, right? And that's Cheesecake Factory. [[12:38]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=758s) Fubo is really intriguing here. Now, at this point in time, everything has gotten dramatically better for this company, but the stock price. Everything fundamental has gotten so much better over the past few years, and the stock price has done nothing but get worse, right? So, that's a classic example of the stock price not reflecting the fundamentals of the company. I believe that will change over time. ServiceNow, I love this stock. I've spoken a lot about ServiceNow recently. And, you know, this is one I think Wall Street has it wrong. I think they have it wrong on a lot of these SaaS stocks. I'll put ServiceNow in that category. I'll put Salesforce in that category as well. I do believe they have it wrong in regards to that stock. [[13:15]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=795s) Honest, I think it exits this year at $5-plus regardless of market conditions. That's my personal opinion on that. I think it's going to get more clarity on the the earnings, and people are going to get really excited cuz they had to make a lot of tough steps this year, well, really at the end of last year for this year for their numbers to get out of some bad businesses they were in, focusing on boosting the margin profile and then putting marketing dollars also like manpower dollars, you know, behind the workforce really behind the best businesses moving forward and I think it's going to make us stronger honest than we ever seen and I think those stock exits this year at $5 plus. [[13:48]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=828s) Meta, this one, you know, obviously once once Zuckerberg either chills on the crazy spend or people can get a better grasp of why he's spending such a ridiculous amount of money. When one of those two scenarios happen, the stock's ready to blast to $1,000 plus, but until then it's going to remain dormant, right? So just, you know, with a stock like Meta you buy it, you throw it in the filing cabinet and you buy it more and more and more, right? And you throw it in the filing cabinet and eventually one of two scenarios is going to happen. [[14:19]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=859s) It's only the one of these two scenarios. Either people are going to understand why Zuckerberg's spending such a ridiculous amount, which we don't yet. I I don't understand why we need to spend this much. So none of us understand that as of right now, right? Or like there's going to be a situation where he cuts back on spending big time, right? One of those two scenarios will play out long term. Um in the next 3 months, 6 months? No, he can keep spending like a drunken sailor and people might not understand. No one like, why do we need to spend this much, Zuck? But um long term, like it's going to be understood, right? So that's Meta. [[14:55]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=895s) That one has me really intrigued. PayPal still is a is a great value right now. You know, this is a classic example of a great value stock when it comes to PayPal, you know, 4 p8, you know, there's not much damage there that can happen really to PayPal now at this point in time, right? American Express, just a top-tier company in AXP. This is just an easy value stock to pick up, you know, I always preach GVD, right? [[15:19]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=919s) Growth, value, dividends. It's also a dividend payer if I recall. And yes, it is a dividend payer indeed. Um let me see if I have a projections for American Express. I believe I do. Let's take a peek here at Where's Amex? American Express. There it is. AXP. Load data. Here it is. My projections are modest for Amex. Oh my gosh, are they modest, right? And look at we're talking Oh my gosh, American Express may be one of the easiest buys in the stock market. [[15:54]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=954s) Look at my projections. My base case has 8% revenue growth on average 2027 through 2030 and 12% net income growth. That's nothing crazy. And for a business model as stable as this company, I mean, you know, you should easily be able to command deep into the 20s for a PE ratio. Wow. I like American Express. Oh, do I like American Express? Uh Celsius You want to see a crazy projections? Let me show you my Celsius. Get ready to have your flapjacks flipped here, okay? Look at this. [[16:28]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=988s) Look at this. My base case for Celsius, an energy drink company. I only have them doing 10% revenue growth a year. Now, with Celsius, Alani, if they can get Rockstar back reinvigorated now that they acquired that from Pepsi, the international expansion, 10% should be very doable, very doable. This isn't like all of them. This crazy This should be easy peasy lemon squeezy. 10% revenue growth on average for my base case. 20% net income growth, only getting net margins to 17% come 2030, right? [[17:02]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=1022s) And at a 29 to 34 PE, which would be very fair for a company growing top line 10%, bottom line 20%, right? We're talking about 35 to 40% CAGR. Celsius is a buy. Bath & Body Works has me pretty intrigued now at this point in time, right? Um there's a lot of negativity around the consumer, so I feel like anything consumer related is doing bad, right? In terms of the stock price. Six forward P? I'm intrigued. I am intrigued Bath & Body Works. Nike. So Nike 42 42, steal deal. Steal deal. [[17:40]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=1060s) That's another one that I put in the same category as I put in Estee Lauder. I don't have to stress about those companies long term. Same thing with Alphabet, I don't have to stress about those companies long term. They're going to be more relevant 10 years from now than they're relevant today. CRM, I believe they have this one wrong. The nice thing about CRM versus let's let's go like the compare feature here. I'll show you what I mean in regards to ServiceNow versus versus Salesforce. So in regards to Salesforce, the nice thing versus, you know, if you're trying to figure out Salesforce versus ServiceNow, the nice thing for Salesforce is much lower P ratios. Showing 12-month P, forward P, two-year forward P, right? Now you're also getting lower growth rates as well, so that's something to take into account there, right? But you know, you want a lower valuation one, there's there's less fear in regards to getting hurt in a stock like Salesforce, right? When you're talking about a forward P at 13 for a SaaS company that's growing like that, right? Uh next one up here, Palantir 135. Palantir has me intrigued, man. [[18:42]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=1122s) Uh do I have updated projections on Palantir? Let's take a peek. I might. But it's a how long has it been since I wanted to buy Palantir stock? It's been years, years. In terms of an active buyer, right? And my base case has 35% revenue growth on average, net income growth 40% on average. 70 90 PE because that's such fast growth rates, right? And we're talking about if that scenario plays out, 30% plus CAGR here. Now you can say, "Okay, what if the market really puts crap valuations on it?" Let's call it 30 to 40, which would be ridiculous for a company growing bottom line 40% a year to put a 30 to 40. It's just ridiculous. But still, you get a CAGR that's somewhere roughly in where the market's probably going to perform at for coming years, right? So, but I actually like Palantir here. And then like I said, that's the first time I can say that in years. Hims has me really intrigued. Now, at this point in time, this is another one with I'm flirting with buying Hims at this point in time. [[19:47]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=1187s) I do worry about, you know, if they have to go head-on with Amazon, that's always a tough tough one to go head-on with, right? But um Hims just looks interesting. I think they're going to get a lot bigger over future years. So, Hims has me very intrigued now at this point in time. Very intrigued. Let's pull up the charts feature for Hims. Their short-term growth might be a little impacted, right? No doubt, but over the long term, this should be a strong growth company, right? [[20:19]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=1219s) And so, Hims has me intrigued. Hims has me intrigued, okay? And then, we got RH down here at 122. When it comes to RH, I mean, you know, obviously housing's in the dumpers, been in the dumpers. But rich people been doing better than ever, but you can say that in any market, right? So, this is another business that is already troughing now at this point in time. It looks to be headed back in the right direction. [[20:47]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=1247s) So, that's good for RH. Uh 4 P/E 24 on this one, too, or 4 P/E 12, pretty darn low. But obviously, a stock like RH, $2 billion market cap, furniture, you know, obviously super high in furniture. I'm recording this on an RH desk, by the way. Um I mean, you know, you're never going to command super high P/Es for these stocks. It's just something to kind of keep in mind there, but definitely is up there. And the Whirlpool is actually interesting at 40 bucks. It's another one that you know, this one's more mass market for for you know, housing, but it has me intrigued. 40 bucks, I mean, we're not that far off of great financial crisis type pricing, right? [[21:28]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=1288s) So, you know, the stocks that I'm most interested in buying out of this bunch are ELF, Celsius, SoFi, Estee Lauder, right? Nike, I mean, Nike I think it's a steal deal here, but I've added so many Nike shares that I'm almost pretty much done buying Nike now at this point in time. So, do keep that in mind. After that, I already have pretty good size position on AS, but I could add some more on AS shares. [[22:02]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=1322s) Um ServiceNow, Salesforce, I believe those are still great long-term values out there. And so, and then stocks like TTD, HOOD, um RH, HIMS, those sorts of stocks I'm like strongly considering starting a position in some of them, right? It's just about like, you know, you know, there's only so much money to go around. So, it's like if money doesn't go there, should I went there? And even Meta looks intriguing at 600, right? But that one's a harder one to buy just because, you know, I have shares that I bought at 88.94. I have shares that I bought under 100. I have shares that I bought in the 120s. So, it's always hard to pay 600 plus for something that you in the past you paid 100, but it's it's honestly irrelevant in the end. [[22:48]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=1368s) Cheesecake Factory is always a buy. In reverse of that one, okay? So, private group, big day. Um obviously a ton of people hitting six figures, seven figures in there. Is this mean a top in the market, right? When you see that sort of level lot from retail investors? Here's my view on this as somebody that's been a retail investor now for how many years? 17, 18 years and been on YouTube for a decade now at this point in time. [[23:13]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=1393s) Here's my view on this, okay? In any sort of market, you're going to retail investors that are doing bad, retail investors that are doing good, right? It depends on how you're positioned in the market. I haven't seen it yet where, you know, everybody's doing amazing all at the same time or everybody, you know, if I mean Look at some of those stocks, right? If you are in If you're Imagine your portfolio's The Trade Desk, okay? You're down 44% roughly this year, right? And you're positioned in Hood, which is down 35% this year, and you're in SoFi, which is down 45% this year, right? And you're positioned in ServiceNow, which is down 30% this year, and you're positioned in Palantir, which is down 19%, and you're positioned in Hims, which is down 33%. [[23:57]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=1437s) Dude, this is not boom times for you. You're not hitting new milestones, right? However, if you're in stocks like, I don't know, let's say a stock like, oh, AMD. Oh, things are amazing for you, right? You probably just hit the six-figure club. You probably just hit the seven-figure club. If you're in a stock like Micron, hmm, best stock market ever. You're probably hitting new milestone, new comma after new comma. So, when I look out there and I see success, I see a lot of people that aren't having success in the market as well. I see a lot of people that aren't positioned in the right stocks that haven't benefited, right? [[24:36]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=1476s) Like, you know, I don't think everybody's made $2 million off AMD in the last like year or so. No. No. A lot of people are positioned in stocks that haven't done well. So, you know, it's very easy to look at people that are in Micron, in SanDisk, in AMD, these sorts of stocks and be like, oh man, stock market's a bubble, like everybody's so rich. No. No, it's just not the reality. If you're positioned those companies, you're doing amazing, right? And so, in the next cycle, stocks like AMD, stocks like Micron, some of these other stocks that are the hot ones right now, right? That might continue to be the hot ones in the short term, they might end up turn cold. [[25:15]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=1515s) And then stocks like all of a sudden Elf and Celsius and maybe the Trade Desk and maybe some of these other stocks, SoFi and Palantir, maybe those start to have a ripper rally and a lot of SaaS stocks come back. And then the other stocks go to sleep. And then if you're positioned in those stocks, you feel better than ever. But then if you're in AMD and Micron and those sorts of companies at that particular time, then you're going to be like in a position where you're like, "Oh, can we make some money over here?" So, that's my view on this whole game. Like, don't try to, you know, cuz trust me, not everybody's at all-time highs. Not everybody's hitting new milestones right now. Certain people are. If you're positioned in the right companies and those are big positions for you. But this I I'm, you know, we looked at it recently. It was like over 70% of the Russell 3000 is down double-digit percentage from their highs. [[26:00]](https://www.youtube.com/watch?v=3I1KI0QHhnw&t=1560s) Double-digit percentage from their highs. 70%. So, we're in a kind of a freakish market right now, where some are doing amazing and it's like boom times, you make more money than you know what to do with, and a lot of other people are not. Some people say it's very similar to the economy out there, right?