This Stock is the NEXT AMD‼️

Jeremy Lefebvre Makes Money•Apr 23, 2026

Summary

Jeremy provides a deep dive into the current volatility of the Software-as-a-Service (SaaS) sector, which has seen dramatic price drops in companies like ServiceNow and Salesforce. He identifies two main fears driving the sell-off: the belief that AI will replace established software platforms and concerns over rising expenses related to AI investments and acquisitions. Jeremy dismisses the idea that Large Language Models (LLMs) will replace enterprise software, arguing that building custom solutions would be significantly more expensive for corporations. He views the current expense bloat as a necessary investment cycle that will lead to massive revenue scaling in the next 3 to 5 years.

In addition to the SaaS sector, Jeremy highlights the continued strength of the AI infrastructure trade, specifically focusing on semiconductor and hardware companies. He remains highly optimistic about stocks that are currently hitting all-time highs, suggesting that the market is still in the early stages of a multi-year bull run for AI-related hardware. He also touches on the strategy of hyperscalers like Meta and Microsoft, which are prioritizing capital expenditure on infrastructure over headcount to lead the next industrial revolution.

**ServiceNow (NOW):** Jeremy highlights the stock's recent 17.7% drop as a 'great entry point' and plans to buy shares personally. He acknowledges the expense issues caused by recent acquisitions but points to the 22% revenue growth and the CEO's plan to double the company's size as reasons for optimism. He believes the stock can return to the $200+ range (referencing a previous valuation level or market cap milestone) and sees it as a 3-5 year wealth builder.

**AMD (AMD):** Jeremy describes AMD as his largest position and reports being up over $500,000 in his public account alone. He states that a price target of $500 is 'in the bag' for the next few years, with a realistic potential to reach $1,000 or even $2,000 depending on margin expansion. He notes that the upcoming summer ramp for the 450 series chips will provide continued momentum for the stock.

**Salesforce (CRM):** Jeremy categorizes Salesforce as an 'incredible opportunity' amidst the current SaaS market carnage and intends to add to his position. He argues that the bear case—that AI will render the software obsolete—is irrational and will eventually die out as the company continues to deliver numbers. He emphasizes that buying when sentiment is at its worst is the most effective strategy for long-term investors.

Summary

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