INSANE NOT to BUY NOW?

Reasoning: Luke highlights Amazon as a core holding that Luke has been consistently adding to for a long time, noting that the valuation currently sits at historically cheap levels. Luke explains that the massive capital expenditure is a standard cycle for the company, now focused heavily on building AI infrastructure. Luke believes Amazon's business model remains incredibly strong for the future.

Reasoning: Luke describes Meta as a cash-flow machine that retail investors were able to pick up at a discount in the $550 range recently. Luke appreciates the company's position at the forefront of the AI race and its strong financial performance. Luke plans to continue buying Meta shares for the long term.

Reasoning: Luke ranks Nvidia as the number one stock bought by retail investors and praises the company's ability to turn AI hype into actual profit. Luke notes that the valuation is reasonable relative to growth rates and expects the chip cycle to remain strong beyond this year. Luke considers Nvidia a top-tier pick for long-term investors.

Reasoning: Luke observes that retail investors are chasing AMD after a major run-up, whereas Luke preferred the stock when it was priced under $100. While Luke believes AMD has further growth potential, Luke notes that the retail group missed the best valuation window. Luke maintains a long-term positive view but warns against buying after a massive run.

Reasoning: Luke mentions that Palantir fell off the list just as it reached an attractive price point. Luke expresses disappointment that retail investors stopped buying exactly when pricing improved last month. Luke continues to view Palantir as a high-quality company that was beaten down relative to its recent highs.

Reasoning: Luke views Microsoft as a great business currently trading at a discount due to temporary negative sentiment in the software sector. Luke asserts that this is one of the cheapest prices available for such a high-quality company. Luke expects the market narrative to shift back in favor of Microsoft soon.

Reasoning: Luke likes Google as a business but finds the current price unattractive for new purchases. Luke mentions that Luke was buying heavily last year when the valuation was very cheap, but now retail is buying after the big move up. Luke suggests that while Google will do well, the most favorable entry points have already passed.

Reasoning: Luke identifies Apple as a favorite long-term stock due to the company's powerful ecosystem that locks in consumers. While Luke is not currently excited about Apple's specific AI developments, Luke trusts the strategy of letting others innovate before Apple perfects and monetizes the technology. Luke mentions that the current valuation has become more attractive for long-term holders.

Reasoning: Luke observes significant retail buying in Tesla, driven partly by speculation regarding potential future synergies with SpaceX. Luke emphasizes a long-term horizon of two to four years to see if Tesla can improve profit margins and resolve current business challenges. Luke remains interested in how upcoming earnings and delivery numbers will impact the stock's trajectory.

Reasoning: Luke is baffled by the inclusion of Ford on the list of top-bought stocks by retail investors. Luke does not see the value in buying Ford, especially when higher-quality businesses like Microsoft are available at attractive valuations. Luke provides no recommendation for the stock and chooses not to analyze it further.

Reasoning: Luke is staying far away from SpaceX, citing an astronomical valuation and a lack of current earnings. Luke points out that projections suggest the company may not be profitable until 2035, making the current hype dangerous for retail investors. Luke argues that there has never been a time in history where a hyped IPO did not eventually offer a better entry point later.