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The Story Behind the Memory Stock Boom! (It's Not Over) · Earn Your Leisure

• 0:00
  Speaker 1: So let's talk about memory stocks. But before we talk
• 0:03
  Speaker 1: about memory, I want to show this video from Apple.
• 0:05
  Speaker 1: Can we show this video from Apple Wall Street Journal?
• 0:14
  Speaker 1: Sound please?
• 0:21
  Speaker 2: No sound?
• 0:21
  Speaker 3: No sound, no sound on the video. This is live.
• 0:29
  Speaker 4: Yeah, okay, well I'll give I'll get contexts. Well that's
• 0:32
  Speaker 4: trying to be loaded. So it's interesting because Apple was
• 0:35
  Speaker 4: in the news last week.
• 0:37
  Speaker 2: What was in the news in the past couple of weeks.
• 0:39
  Speaker 4: Right like, they had their conference and people were kind
• 0:42
  Speaker 4: of underwhelmed by it, which is rightfully. So right when
• 0:46
  Speaker 4: we talking about innovation and we were added, we still
• 0:48
  Speaker 4: don't know to have the path for artificial intelligence laid
• 0:51
  Speaker 4: out for us. And then last week what we saw
• 0:54
  Speaker 4: was they made a partnership with Intel. Why is that important? Well,
• 0:58
  Speaker 4: we know that the government obviously has made it a
• 1:01
  Speaker 4: priority for Intel to be in the business of manufacturing GPUs,
• 1:06
  Speaker 4: CPUs and TPUs and so the Apple proposition, when I
• 1:10
  Speaker 4: saw this is crazy. So the video we're trying to
• 1:14
  Speaker 4: get work. I sent to Shaddy on on Thursday.
• 1:20
  Speaker 3: Yeah, and he.
• 1:21
  Speaker 4: Said it to me today. So I'm like that sometimes
• 1:24
  Speaker 4: that tells you Number one. I appreciate it because that
• 1:28
  Speaker 4: tells me that he's looking at the memory space the
• 1:31
  Speaker 4: way I'm seeing it, but also says like we're on
• 1:34
  Speaker 4: the right path because not only we seen are we
• 1:36
  Speaker 4: seeing it? But CEOs like Tim Cook, CEOs like Jensen.
• 1:41
  Speaker 4: I know soign Jovat at Micron is seeing it the
• 1:44
  Speaker 4: same way, and so I sent him a picture of
• 1:48
  Speaker 4: Neo and the matrix. I like to use Neo and
• 1:50
  Speaker 4: the matrix when everything starts to become true, because you're
• 1:54
  Speaker 4: seeing life differently, and we're starting to see AI differently.
• 1:57
  Speaker 2: We're starting to see the layers.
• 1:58
  Speaker 4: It's not just hey, it's in Nvidia and good luck
• 2:01
  Speaker 4: with everything else. It's no, just needs to work in
• 2:04
  Speaker 4: order for that to work, in order for this to work.
• 2:06
  Speaker 2: And so the.
• 2:07
  Speaker 4: Pictures becoming very clear, and that's kind of of what
• 2:12
  Speaker 4: the video is. Hopefully we can get to domine.
• 2:14
  Speaker 5: Apple has a problem. It's so bad that Tim Cook
• 2:17
  Speaker 5: is calling it a one hundred year flood. The price
• 2:20
  Speaker 5: for tiny but critical components buried inside our electronics is skyrocketing,
• 2:24
  Speaker 5: specifically memory and storage chips, and Tim Cook told me
• 2:28
  Speaker 5: it's going to force Apple to raise prices. I spoke
• 2:31
  Speaker 5: with the outgoing Apple CEO in an exclusive interview about
• 2:34
  Speaker 5: the company's plan to adjust to this new reality. Cook
• 2:37
  Speaker 5: told me that the company's planned price increases are unavoidable,
• 2:40
  Speaker 5: and while Apple has tried to mitigate increased costs, the situation,
• 2:44
  Speaker 5: he said, has become unsustainable. So why is this happening now?
• 2:48
  Speaker 5: Chips have gotten faster and cheaper every couple of years,
• 2:50
  Speaker 5: powering a new technology revolution every decade or so. But
• 2:53
  Speaker 5: in the last few months, that magic formula has reversed.
• 2:57
  Speaker 5: That's because the prices for memory and storage, which are
• 3:00
  Speaker 5: inside virtually every computing device, have suddenly skyrocketed. Apple's latest
• 3:05
  Speaker 5: warning is remarkable because it's been the biggest buyer of
• 3:08
  Speaker 5: storage since the days of the iPod, and also a
• 3:11
  Speaker 5: giant buyer of memory. But now there's a new competitor
• 3:14
  Speaker 5: in town. Artificial intelligence AI companies are flooding the memory
• 3:18
  Speaker 5: and storage market with money and securing much of the supply. Suddenly,
• 3:22
  Speaker 5: Apple no longer has the leverage to push the storage
• 3:24
  Speaker 5: in memory makers for the lowest prices. It has to
• 3:26
  Speaker 5: wait in line. What Cook told me on our call
• 3:28
  Speaker 5: is that Apple has already been absorbing higher costs, but
• 3:31
  Speaker 5: now it is swinging over to option two price increases.
• 3:34
  Speaker 5: Cook didn't say how much prices will increase, or when,
• 3:37
  Speaker 5: or on what products. But to give you an idea
• 3:39
  Speaker 5: of the scale, research firm tech Insights says the cost
• 3:43
  Speaker 5: of memory and storage inside last year's iPhone seventeen Pro
• 3:46
  Speaker 5: was fifty dollars. The cost for the same components in
• 3:49
  Speaker 5: the upcoming iPhone eighteen Pro around two hundred dollars. Now,
• 3:53
  Speaker 5: the good news for Apple is that it's in a
• 3:54
  Speaker 5: better position than less profitable companies who have little cushion
• 3:58
  Speaker 5: to absorb the higher costs. Companies are saying this is
• 4:01
  Speaker 5: worse than tariffs, worse than the chip shortage during the pandemic.
• 4:04
  Speaker 5: So this isn't just an Apple story. It's attacks on
• 4:07
  Speaker 5: basically everything with memory and storage chips, and few consumers
• 4:10
  Speaker 5: realize this wave is coming.
• 4:15
  Speaker 3: So all right, let's put that in perspective.
• 4:17
  Speaker 1: If you watch that video and that your key takeaway
• 4:23
  Speaker 1: was that Apple is in trouble, or it's not even
• 4:28
  Speaker 1: about Apple. No, the video illustrates the need for memory,
• 4:35
  Speaker 1: the supply demand crisis that has happened, and the price
• 4:41
  Speaker 1: increase for the memory chips specifically, which is why Apple
• 4:46
  Speaker 1: is raising their price. Apple, It's not really the most
• 4:49
  Speaker 1: important part of that story, it's the memory. So that's
• 4:52
  Speaker 1: why these memory stocks have skyrocketing, right, just kind of
• 4:56
  Speaker 1: illustrates that puts it in perspective. So when we talk
• 5:00
  Speaker 1: about the memory stocks, and we'll talk about the memory
• 5:03
  Speaker 1: stocks now because that's the title that we're on right now.
• 5:05
  Speaker 1: But we talk about the memory stocks, we talk about
• 5:07
  Speaker 1: memory ETF. We've been talking about dram so vitally important
• 5:14
  Speaker 1: for you guys to understand that it's not over yet.
• 5:20
  Speaker 1: So like when the guy like so when I brought
• 5:22
  Speaker 1: the Micron, uh, and then you know, got ridiculed for that.
• 5:29
  Speaker 1: He didn't he didn't understand that it wasn't like Micron
• 5:34
  Speaker 1: was just like some meme stock that just shot up
• 5:36
  Speaker 1: for no reason. Yeah, there is a real demand for
• 5:41
  Speaker 1: these memory chips. There's a shortage of them. The price
• 5:45
  Speaker 1: has increased higher. So when you see a company like
• 5:48
  Speaker 1: Apple pretty much saying like we gotta we gotta raise
• 5:52
  Speaker 1: our iPhone because there's no all the there's no other option,
• 5:55
  Speaker 1: well that should tell you the future of the memory sector.
• 6:00
  Speaker 3: It's not. It's not over yet, right, So.
• 6:03
  Speaker 1: Let's talk about the individual because I know you was
• 6:05
  Speaker 1: early on talking about these stocks, So explain the memory sector.
• 6:09
  Speaker 1: Talk about the individual stocks, because we talk about these
• 6:12
  Speaker 1: stocks and a lot of them have went up over
• 6:14
  Speaker 1: one thousand percent this year and the last twelve months,
• 6:18
  Speaker 1: Like even Microns up eight hundred and eighty eight percent
• 6:20
  Speaker 1: in the last twelve months just to stock, not the option,
• 6:23
  Speaker 1: just to stock. So and then there's a bunch of
• 6:26
  Speaker 1: other memories that's not directly memory related, but kind of
• 6:30
  Speaker 1: spin off memories.
• 6:31
  Speaker 3: There's like subsector memory adjacent.
• 6:35
  Speaker 4: So yeah, we are I'm ian. Can I have a moment.
• 6:38
  Speaker 4: I'm gonna have like an in moment real quick right now.
• 6:43
  Speaker 4: September of twenty twenty four, inside of Eylu, this is
• 6:47
  Speaker 4: the first time, probably the second time I break down
• 6:51
  Speaker 4: this company called Micron. Why do I break it down
• 6:53
  Speaker 4: because I'm understanding this AI data centers specifically and the
• 6:57
  Speaker 4: components that are going to be needed inside of it
• 6:59
  Speaker 4: in order for it to function. In June of twenty
• 7:02
  Speaker 4: twenty four, this is the first time I actually invest
• 7:04
  Speaker 4: in a company. By December of twenty four, I'm saying
• 7:07
  Speaker 4: the business model for Micron. Well, why am I saying
• 7:10
  Speaker 4: the business model? Because it changed? And I told you
• 7:12
  Speaker 4: anytime you look at companies that start changing their business model,
• 7:15
  Speaker 4: to gain profit.
• 7:16
  Speaker 2: That's an interesting proposition.
• 7:17
  Speaker 4: What was the business model prior they were making memory
• 7:20
  Speaker 4: for CPUs, Well, that had been something that was done
• 7:22
  Speaker 4: for a generation pass which is why a company like
• 7:25
  Speaker 4: Apple can dictate, hey, we're not paying that price, because
• 7:28
  Speaker 4: when you're making it for the CPU and there's no
• 7:31
  Speaker 4: other component that's needed, then that becomes cyclical. And we've
• 7:34
  Speaker 4: been saying all along, this is not a cyclical situation, right,
• 7:38
  Speaker 4: this is something that's going to be here for a while.
• 7:41
  Speaker 4: And so part of that thesis was, Okay, well, Micron
• 7:44
  Speaker 4: isn't the only one Western Digital at the time. This
• 7:48
  Speaker 4: is again September twenty twenty four, Western Digital is prominent,
• 7:51
  Speaker 4: Seagate ticker STX prominent.
• 7:54
  Speaker 2: Sand Dis is not even a company yet.
• 7:56
  Speaker 4: Think about that, right September twenty twenty Sands is not
• 7:59
  Speaker 4: even a company. Is still a part of the Western
• 8:03
  Speaker 4: Digital conglomerate. It breaks off in February of twenty twenty five.
• 8:08
  Speaker 4: What are we seeing. We're seeing the demand for AI increase,
• 8:12
  Speaker 4: the memory demand. Why because in order for the heart, right,
• 8:15
  Speaker 4: we did this diagram. The heart of this AI revolution,
• 8:18
  Speaker 4: we can say, is the GPU, and the leader of
• 8:20
  Speaker 4: the GPU is in video now TPUs have been created.
• 8:24
  Speaker 4: Of course we've seen Google do that xpus with Burcom,
• 8:28
  Speaker 4: we've seen that. But at the heart those processing units
• 8:31
  Speaker 4: are there. In order for them to function at the
• 8:33
  Speaker 4: highest capability, they need a brain. The brain of the
• 8:36
  Speaker 4: operation is its memory. Now, all memories are not created equal, right,
• 8:40
  Speaker 4: which is kind of what you were just alluding to, Shatty.
• 8:43
  Speaker 4: We're talking about d RAM, which is the ETF name, right,
• 8:46
  Speaker 4: And we'll get into s K Heinex and Samsung in
• 8:49
  Speaker 4: a bit, But that is what is unit for use
• 8:52
  Speaker 4: for large language models, right, that is what's used for inference,
• 8:55
  Speaker 4: which is in the highest demand, and so we're starting
• 8:58
  Speaker 4: to see those numbers go up. Now, what has happened
• 9:02
  Speaker 4: is that they control the supply demand equation.
• 9:07
  Speaker 2: Right.
• 9:07
  Speaker 4: The supply is increeds, right, the supplies increased, the demand
• 9:11
  Speaker 4: has increased. Well, that has switched over the past eight months.
• 9:15
  Speaker 4: The demand is so high that they are not meaning
• 9:17
  Speaker 4: supply because they've sold out for twenty twenty six.
• 9:20
  Speaker 2: Who has sold out a s K hines.
• 9:22
  Speaker 4: Which as the world leader and just became the largest
• 9:24
  Speaker 4: company in South Korea's history, Samsung, which is number two.
• 9:28
  Speaker 4: Micron When we talked about American companies that are going
• 9:31
  Speaker 4: to dominate. Why do we say Micron because it's the
• 9:33
  Speaker 4: leader of American memory.
• 9:36
  Speaker 2: DRAM, plain and simple.
• 9:38
  Speaker 4: In that time, that sells out, so we have to
• 9:40
  Speaker 4: go to the next venture. Well, if we have DRAM
• 9:44
  Speaker 4: taken care of, look, can we get solid state memory?
• 9:47
  Speaker 2: Right?
• 9:47
  Speaker 4: So solid state disc that's the USB that you used
• 9:50
  Speaker 4: to use. That's the cars that go inside of a
• 9:52
  Speaker 4: lot of your devices. A company like sand is spun
• 9:55
  Speaker 4: off from Western Digital. That company has going up by
• 9:58
  Speaker 4: four thousand percent, not an option. The company has gone
• 10:02
  Speaker 4: up four thousand percent since February of twenty twenty five.
• 10:08
  Speaker 4: These companies are not going anywhere because the demand for
• 10:12
  Speaker 4: memory will not go anywhere. In fact, when you use
• 10:15
  Speaker 4: your chat GBT, I said this the other day to
• 10:17
  Speaker 4: one of the players. I've said, do you use chat GBT?
• 10:19
  Speaker 4: He said yeah? I said how often? He said all day?
• 10:22
  Speaker 4: I said, perfect, you're one person. Think about how many
• 10:24
  Speaker 4: times you prompt and how much memory is needed to
• 10:26
  Speaker 4: keep that prompt in conjunction with what.
• 10:29
  Speaker 2: You're trying to ask it. I said, Now you're one person.
• 10:31
  Speaker 4: You know how many people Open Ai has on a
• 10:34
  Speaker 4: monthly user base one billion? Yeah, they have one billion users,
• 10:40
  Speaker 4: and that's just open AI. How many does Anthropic have?
• 10:43
  Speaker 4: How does many does Gemini have? How many does XAI have?
• 10:46
  Speaker 4: Think about all those people that are prompting at the
• 10:49
  Speaker 4: same time and how much memory is needed.
• 10:51
  Speaker 2: That's just on the large language models.
• 10:53
  Speaker 4: That's not even including the type of money that's going
• 10:56
  Speaker 4: to be spent inside of these data centers. And so
• 10:59
  Speaker 4: when you look at that, I always say the same
• 11:01
  Speaker 4: quote I text him all the time, We're not done.
• 11:04
  Speaker 2: What does that mean? We're not done? Right?
• 11:06
  Speaker 4: Stay loner behind means look, we're gonna be in here.
• 11:09
  Speaker 4: We're going to be precise with when we execute. But
• 11:12
  Speaker 4: this story is far from finished. Why is this story
• 11:15
  Speaker 4: so interesting? Because when I see Intel saying that they're
• 11:18
  Speaker 4: going to make more manufacturing.
• 11:21
  Speaker 2: GPUs and TPUs for.
• 11:23
  Speaker 4: Apple, I say, more chips, more memory. Right, So it's
• 11:27
  Speaker 4: no coincidence that when we watch Microme run up today
• 11:30
  Speaker 4: towards all the time high, we watch this run up
• 11:32
  Speaker 4: to us all time high. These things are happening because
• 11:36
  Speaker 4: the demand for the key component inside the story is
• 11:39
  Speaker 4: still going to be here. The more AI we have,
• 11:42
  Speaker 4: the more large language models we have, the more Augentic,
• 11:44
  Speaker 4: the more robotics we have, they're going to need that
• 11:47
  Speaker 4: brain component, and that's why you're going to continue to
• 11:49
  Speaker 4: see these things run.
• 11:50
  Speaker 2: Now.
• 11:50
  Speaker 4: Drama is important because it has an ETF, but we
• 11:53
  Speaker 4: get access to it, so I know some of these
• 11:55
  Speaker 4: companies are run high. In fact, they might be a
• 11:57
  Speaker 4: split at some point in their future. So DROM gives
• 11:59
  Speaker 4: us access to it. Twenty seven percent of the allocation
• 12:02
  Speaker 4: is Micron. I love that. Twenty six percent of it
• 12:06
  Speaker 4: is s k Henex a company that we can trade
• 12:07
  Speaker 4: it because it's in South Korea, but it will IPO
• 12:10
  Speaker 4: in America sometime in the fall.
• 12:12
  Speaker 2: Perfect Samsung is number three.
• 12:14
  Speaker 4: And if you look at the allocations, there goes Western Digital,
• 12:16
  Speaker 4: they go Cgate, they go Sanders. These are all prominent
• 12:20
  Speaker 4: stories that I wouldn't say we're in the first inning,
• 12:24
  Speaker 4: but we're definitely not in the ninth. There's so much
• 12:26
  Speaker 4: room to go. And so this is why when you
• 12:28
  Speaker 4: see memory and you keep hair and memory and you
• 12:30
  Speaker 4: don't know why it's moving, this is why it's moving.
• 12:33
  Speaker 6: And if Shota Edwin, who sent me this, he's remember
• 12:38
  Speaker 6: when it was a memory shortage than twenty twenty, like
• 12:40
  Speaker 6: this is going to be a multi deck a story
• 12:44
  Speaker 6: like it went from Nvidio AMD and now it's the
• 12:48
  Speaker 6: trade and investment has kind of evolved. And the great
• 12:52
  Speaker 6: part is when there was a bunch of SPACs and
• 12:54
  Speaker 6: memes floating around, I've always said the great enterprise companies
• 12:57
  Speaker 6: are going to push back to take the reins, and
• 13:00
  Speaker 6: they actually have done that a ton, and so much
• 13:04
  Speaker 6: so that they've moved Mata out of the top ten
• 13:06
  Speaker 6: in terms of market cap. So for anyone who thinks
• 13:09
  Speaker 6: that this trade is going to be short lived or
• 13:13
  Speaker 6: this investment cycle is going to be short lived, because
• 13:15
  Speaker 6: I know there's a lot of people putting that so
• 13:17
  Speaker 6: XL chart versus the nineteen ninety chart, ninety nine chart
• 13:20
  Speaker 6: versus now. I keep saying the difference between the companies
• 13:24
  Speaker 6: then and now is that these companies alone print the
• 13:28
  Speaker 6: GDP of nations in nineteen ninety nine and two thousand,
• 13:31
  Speaker 6: they did not.
• 13:32
  Speaker 2: They're needed. Has Apple under delivered on the serie AI?
• 13:37
  Speaker 6: And yes, But I think the partnership, even though it's
• 13:40
  Speaker 6: a force and arranged marriage from Trump, I think that's
• 13:44
  Speaker 6: going to give them a little bit of a chance
• 13:48
  Speaker 6: in to finally build some AI infrastructure that they need.
• 13:51
  Speaker 6: If anyone will keep asking is it's going to go away?
• 13:54
  Speaker 6: It's not going away anytime, So it's not going to
• 13:57
  Speaker 6: you know.
• 13:58
  Speaker 4: You know what was when we talk about relationships, think
• 14:01
  Speaker 4: about where Apple was in terms of relationships when it
• 14:04
  Speaker 4: came to memory, I mean dominant, the number one compliment.
• 14:07
  Speaker 4: They were at the most legge. Yes, they were tsm's
• 14:11
  Speaker 4: number one customer. They are no longer TAM's number one customer.
• 14:14
  Speaker 4: Video is now past them. When you talk about the
• 14:17
  Speaker 4: idea of being the first in line and saying we're
• 14:20
  Speaker 4: not paying to now being maybe fifth in line and
• 14:23
  Speaker 4: saying you're going to pay the price or you won't
• 14:25
  Speaker 4: have it, or.
• 14:25
  Speaker 6: You won't have access to your leverage is going and
• 14:28
  Speaker 6: that's a great lesson. You have to make sure you
• 14:31
  Speaker 6: keep pole position when you have the leverage. Apple got
• 14:34
  Speaker 6: so comfortable, and that's why I kept pushing ten minutes
• 14:37
  Speaker 6: to leave. You have a small and fight nite window
• 14:41
  Speaker 6: to be the king of that market cap, and you
• 14:43
  Speaker 6: missed it, and not Meta slowly and at least the
• 14:47
  Speaker 6: matter has tried to build out an accurate AI infrastructure
• 14:51
  Speaker 6: and spend for what they need. But even and so
• 14:54
  Speaker 6: they went down to tenth. Thank god byd is not
• 14:57
  Speaker 6: available any United States. We will be having a different
• 15:01
  Speaker 6: conversation about the top ten market cap there as well.
• 15:05
  Speaker 6: But it's memory trade that's not going anywhere anytime soon.
• 15:09
  Speaker 1: Well, let's talk about okay, staying on a memory. Wednesday
• 15:15
  Speaker 1: is Micron reports. So what's been happening? And that's why
• 15:21
  Speaker 1: actually I bought that Micron call last time because it
• 15:24
  Speaker 1: dropped pretty sharply. So it's been a common theme with
• 15:28
  Speaker 1: a lot of tech stocks lately is that regardless of
• 15:31
  Speaker 1: what they report they be earning, they don't be earning
• 15:34
  Speaker 1: stock drops. So Micron being one of the leaders when
• 15:39
  Speaker 1: it comes to probably the leader trillion dollar company when
• 15:42
  Speaker 1: it comes to memory, they report on Wednesday.
• 15:47
  Speaker 3: So what we're looking forward to when Micron reports on Wednesday?
• 15:54
  Speaker 4: I think people need to anticipate something stupendous. It's going
• 16:00
  Speaker 4: to be monumentous in the words in my boy Carlos Miller,
• 16:04
  Speaker 4: It's going to be monumentous. Now it's great, great enough.
• 16:07
  Speaker 4: I mean, I don't move here. Think about this right
• 16:11
  Speaker 4: when we talk about EPs, earnings pressure, the expectation and
• 16:15
  Speaker 4: if I asked you, hey, if a company says they're
• 16:18
  Speaker 4: going to grow, buy a dollar twenty five in a quarter.
• 16:21
  Speaker 2: You say, what I am related? You're related, job well,
• 16:26
  Speaker 2: doing the job well.
• 16:27
  Speaker 6: Spectacular performance like this is MVP Brunze and esque.
• 16:33
  Speaker 4: Yes, yeah, the EPs for Micron when they report on
• 16:38
  Speaker 4: Wednesday is twenty one dollars.
• 16:41
  Speaker 6: They quick, okay, basketball terms, that's like expecting someone to
• 16:45
  Speaker 6: score like ninety two points in the game.
• 16:49
  Speaker 2: I think the expectation is so like, bro, what are
• 16:53
  Speaker 2: we doing?
• 16:55
  Speaker 4: So let's say let's say that they they maybe they
• 16:59
  Speaker 4: missed by and it's twenty dollars.
• 17:01
  Speaker 2: Appreciate it. Yep.
• 17:04
  Speaker 4: You're talking about a company that a year ago was
• 17:07
  Speaker 4: moving at that pace of a dollar forty seven EPs,
• 17:11
  Speaker 4: dollars seventy EPs last quarter. It went up to eight
• 17:14
  Speaker 4: dollars EPs this quarter, expected in twenty one. And if
• 17:17
  Speaker 4: you look at future guidance for the next three quarters,
• 17:20
  Speaker 4: we're at thirty.
• 17:21
  Speaker 6: Yeah, and at thirty they're in projecting to get to
• 17:23
  Speaker 6: the forties. But you let SpaceX had it f valuation
• 17:28
  Speaker 6: with that price of sales ratio.
• 17:30
  Speaker 2: Off the rim, that's a whole nother, that's a whole another.
• 17:36
  Speaker 4: Oh my god, the idea and there is some truth
• 17:40
  Speaker 4: to that, right, we watched it have a Monumentus quarter,
• 17:43
  Speaker 4: something that we had never seen. We came on here
• 17:45
  Speaker 4: and talked about it, and we watched Micron go from
• 17:48
  Speaker 4: like four thirty down to like three sixty, which was
• 17:51
  Speaker 4: an opportunity to say, we're gonna buy. The story's not over.
• 17:54
  Speaker 4: Like that's been a common theme. The story remains. The
• 17:57
  Speaker 4: story's not over. We're not going anywhere. We're not done.
• 18:00
  Speaker 4: Why because we understand the long term vision of it.
• 18:02
  Speaker 4: So if it pulls back on Wednesday, because it has
• 18:05
  Speaker 4: run up, right, think about that. That last time it reported,
• 18:08
  Speaker 4: we were talking about a four hundred dollars stock and
• 18:10
  Speaker 4: we were like, we said it on the show. Hey,
• 18:12
  Speaker 4: this is a four hundred dollars stock. It will be
• 18:14
  Speaker 4: five hundred by the end of the year. It will
• 18:16
  Speaker 4: be six hundred by the end of the year.
• 18:17
  Speaker 2: Here we are at twelve hundred three months later.
• 18:20
  Speaker 6: If it drops anywhere, they're nine thirty eight to nine
• 18:24
  Speaker 6: to twenty, I'm looking to buy.
• 18:28
  Speaker 2: I'll say that.
• 18:30
  Speaker 4: And now you take the information that we just had right,
• 18:33
  Speaker 4: like new contracts that might be going out to twenty nine.
• 18:36
  Speaker 4: You see a pullback like that, and these are going
• 18:37
  Speaker 4: to be expensive contracts. They're really expensive obviously because of
• 18:41
  Speaker 4: how the type of growth of Mike Ground has shown
• 18:44
  Speaker 4: over the past twelve months. So maybe that's when you
• 18:47
  Speaker 4: look at the ETF here and say, Okay, I still
• 18:50
  Speaker 4: believe in this story is not going anywhere.
• 18:53
  Speaker 2: Here's where I may grab drama.
• 18:55
  Speaker 1: And from a long term whole perspective, drama, I think
• 18:58
  Speaker 1: you definitely you might have to start looking at it
• 18:59
  Speaker 1: like smh. Like smhm from a long term hole perspective,
• 19:04
  Speaker 1: is done very very well. And you know it's because
• 19:07
  Speaker 1: it has those chip companies in it. So these memory
• 19:11
  Speaker 1: companies that make up drawn even from an option standpoint,
• 19:16
  Speaker 1: but just from an investment long term. If you really
• 19:18
  Speaker 1: think that this is going to be a long term
• 19:20
  Speaker 1: thing as far as memory, we're still at the beginning stages.
• 19:24
  Speaker 1: If all else, if all factors come into play, we're
• 19:29
  Speaker 1: still at the beginning stages. So and companies can change
• 19:32
  Speaker 1: over the course of time, just like any other things.
• 19:34
  Speaker 1: So the ETF gives you great exposure because it doesn't
• 19:36
  Speaker 1: just put all your bets in one you know stock,
• 19:40
  Speaker 1: So now you have the versification. So that's something to
• 19:43
  Speaker 1: look at from a long term whole perspective. Is like
• 19:45
  Speaker 1: if you really really really believe in the space then
• 19:48
  Speaker 1: that that ETF is going to be you know, valuable
• 19:51
  Speaker 1: in the future.
• 19:51
  Speaker 4: Yeah, we talked about the ETF when it debuted April second.
• 19:54
  Speaker 4: I think we were on here probably two weeks after
• 19:57
  Speaker 4: in a class and that we're in this call.
• 20:00
  Speaker 2: It was thirty dollars.
• 20:01
  Speaker 4: Some people got it at twenty seven, some people got
• 20:03
  Speaker 4: a little thirty five.
• 20:04
  Speaker 2: We're sitting at eighty dollars here. Now. The story's not
• 20:07
  Speaker 2: going anywhere.
• 20:08
  Speaker 4: The company that is leading it is not going anywhere.
• 20:11
  Speaker 2: It's only going to continue to grow.
• 20:13
  Speaker 4: I think I think both of it makes sense, right, Like,
• 20:16
  Speaker 4: if you're talking about semiconductors specifically, if you look what's
• 20:20
  Speaker 4: inside of SMA in videos, it's leader at TSM is
• 20:23
  Speaker 4: probably number two. I think Intel, which is crazy as
• 20:26
  Speaker 4: number three, and Micron is four. Right, But the exposure
• 20:30
  Speaker 4: level is at like seven percent for Micron, And so
• 20:32
  Speaker 4: if you really love Micron and you're saying seven percent
• 20:35
  Speaker 4: is not really the allocation you want, then you do
• 20:38
  Speaker 4: have an alternative a drama where it's at twenty seven percent,
• 20:40
  Speaker 4: a larger allocation.
• 20:42
  Speaker 2: So I like, I love both, I really do really cool.
• 20:46
  Speaker 3: I'm not saying the smah is not bad.
• 20:48
  Speaker 2: No, it's great.
• 20:48
  Speaker 3: I'm just saying he was given.
• 20:51
  Speaker 2: A correlation yet and today I tell what you to.
• 20:54
  Speaker 6: That point, we talk a lot about the tenure returns
• 20:58
  Speaker 6: on IPOs, and not enough kudos is given to the
• 21:04
  Speaker 6: ten year or five year old, to the ETF like
• 21:07
  Speaker 6: this is a generational opportunity, like even in d ram
• 21:13
  Speaker 6: like potentially I have to get into one ten by November,
• 21:21
  Speaker 6: but think of what it could be in five or
• 21:23
  Speaker 6: six years. And the waiting of the company and how
• 21:25
  Speaker 6: it's structured is really hot. Quality companies in here. You
• 21:30
  Speaker 6: can argue some of the best of the best. So
• 21:32
  Speaker 6: I think it would be remiss if I wouldn't tell you, like,
• 21:35
  Speaker 6: if you're going to get into this, don't think about
• 21:37
  Speaker 6: the next two years, look to thirty one before you
• 21:41
  Speaker 6: even start. And I've been working on my I'm putting
• 21:44
  Speaker 6: my final touches on the best best presentation. There should
• 21:47
  Speaker 6: be no liquidation of your ets or stocks, definitely not
• 21:51
  Speaker 6: pre five years, like I would argue at the ten
• 21:55
  Speaker 6: year mark, maybe take out twenty percent. I know some
• 21:57
  Speaker 6: of you gonna be like, oh, how do you make money?
• 22:00
  Speaker 6: But you're looking to liquidate assets to buy things to
• 22:03
  Speaker 6: put it online to impress people. For what reason, You're
• 22:08
  Speaker 6: going to miss out on a potential two or three
• 22:11
  Speaker 6: million dollars by selling to early. So if you got
• 22:15
  Speaker 6: in early, continue to hold stock. What prices will be,
• 22:18
  Speaker 6: and even for Eylu. You know, I'll do this for
• 22:21
  Speaker 6: the rest of you because I'm got to sell. I'll
• 22:23
  Speaker 6: put the prices for d Ram and Eylu five year
• 22:26
  Speaker 6: OP permission for the rest of the year for free.
• 22:29
  Speaker 3: Appreciate it, man, appreciate it. Thank you.