This is the GREATEST STOCK EVER.
Summary
Jeremy provides a comprehensive review of several high-profile earnings reports, focusing on the shifting dynamics in the semiconductor and software sectors. He acknowledges Nvidia's 'A++' income statement but expresses concern that growth rates have peaked. He highlights the threat posed by AMD, led by Lisa Su, which he believes will begin eating into Nvidia's market share and margins within the next three months. Jeremy predicts a multi-year trend where AMD outperforms Nvidia, driven by tech giants like Meta and Google seeking alternative suppliers to manage their capex.
Regarding software and retail, Jeremy is highly bullish on Salesforce despite its 'sleepy' guidance, emphasizing the long-term value of its stake in Anthropic and a massive $50 billion buyback program. He also provides a detailed breakdown of Honest Company, praising its strategic shift toward organic growth and its robust cash position relative to its market cap. Conversely, he issues a stark warning about C3.ai, describing its financial performance as disastrous and suggesting that the company’s future solvency could be at risk if spending is not curtailed.
Mentioned Stocks
Reasoning: Jeremy acknowledges an 'A++' quarter but warns that growth rates are set to decrease as tech giants reach capex limits. He also emphasizes that AMD is becoming a serious competitor that will eat into Nvidia's margins and market share.
Reasoning: Jeremy is extremely bullish, predicting the stock could reach $300 to $400 in the next four months. He believes AMD will significantly outperform Nvidia over a multi-year trend as it captures market share in the AI space.
Reasoning: Jeremy notes that Revolve is his fifth-best percentage gainer at 118% and recently reported a 'Grade A' income statement with increasing sales.
Reasoning: Jeremy is aggressively adding to his $191,000 position throughout March. He values the company's stake in Anthropic, its massive $50 billion buyback program, and sees current prices as a rare buying opportunity.
Reasoning: Jeremy is very optimistic about the strategic shift toward high-margin organic growth. He highlights the company's strong cash position of nearly $90 million relative to its small market cap and intends to 'load up' on shares.
Reasoning: The stock is down significantly and revenue growth is slowing. Jeremy gave the income statement an 'A-minus' but is waiting to do more digging into potential AI disruptions before taking a definitive action.
Reasoning: Jeremy gives the income statement a 'D-minus' due to excessive spending. Despite high gross profits, the company continues to report massive operating losses, which Jeremy finds unsustainable.
Reasoning: Jeremy describes the income statement as one of the worst he has ever seen, with revenue and gross profit collapsing. He expresses concerns about the company's future solvency and long-term viability.