Show Notes
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Dan Nathan sits down with Imran Khan, CIO and founder of Proem Asset Management, to break down one of the wildest weeks in tech earnings. They dig into Nvidia's latest quarter and why the stock keeps trading well below the market multiple despite the growth — and make the bull case for why that's about to change. From there: the increasingly circular web of financing between Nvidia, OpenAI, Microsoft, and CoreWeave, why OpenAI is building a chip to compete with its own biggest investor, and what Imran learned on a recent trip to South Korea about the memory market (Micron, SK Hynix, and the trade that's already up huge). They also unpack Salesforce's surprise post-earnings pop after Marc Benioff and Anthropic's Dario Amodei sat down with Jim Cramer, and close out with the question everyone's asking: are we in an AI bubble, and if so, who's left holding the bag?
Articles Referenced
Would There Be an AI Revolution If There Were No Nvidia? (WSJ)
Nvidia’s $279 Billion Supply-Chain Gamble (WSJ)
Nvidia Has Become a Banker to the AI Boom, Putting It on Dangerous Ground (WSJ)
OpenAI Claims Its New Chips Can Outperform Nvidia Processors in Tests (Bloomberg)
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