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Day: September 28, 2026

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Futurum Equities

@FuturumEquities ·
15h 2121007981185618204

"At some point, the connection between the chips just becomes as important as the chips themselves." -@StockSavvyShay

$ALAB revenue grew 49% from Q2 to $584.9M, and the company guided Q4 to $730M to $750M.

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@FuturumEquities ·
20h 2120928813181743590

"AMD, they're the most obvious direct beneficiary because they've been that credible merchant second source." -@StockSavvyShay

Shay on why Nvidia's board investigation could take $AMD from about 5% to 10% share, with hyperscalers looking for a second supplier.

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Futurum Equities

@FuturumEquities ·
22h 2120895214906687780

"It's bullish with such a short leash that it would really not take much for me to move to a more neutral stance." -@StockMarketNerd

Both hosts give their $AMD verdict after a record quarter and a 17% drop. @StockSavvyShay is bullish, and says owning it is another question.

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Shay Boloor

@StockSavvyShay ·
24h 2120878209122357661

HERE ARE 3 AI STOCKS I'M CATCHING A FALLING KNIFE IN

Between Texas data center fears and uncertainty around Jensen's future at $NVDA, the market has found two more reasons to sell AI stocks but I think we're losing sight of what actually matters.

Open models keep getting better

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Futurum Equities

@FuturumEquities ·
24h 2120873401573056543

"When I see a stock falling dramatically faster than the earnings curve actually indicates... that's usually where I start getting a lot more interested." -@StockSavvyShay

Shay is buying $DOCN, SiTime and Astera Labs. All three are down about half from their 2026 highs.

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@FuturumEquities ·
11 Nov 2120575638478139880

"This is a baby with the bathwater moment. Like everything in a subsector and category is getting thrown out indiscriminately." -@danielnewmanUV

$NBIS trades at less than half its 52-week high. Daniel on why funds are selling every AI infrastructure name at once.

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@FuturumEquities ·
11 Nov 2120528163637809196

$MRVL is up 8.5% today as chip stocks rally after CoreWeave's results.

On Nov 10, @StockSavvyShay and @danielnewmanUV discussed how Marvell compares with Broadcom and the tradeoff between deal risk and concentration risk on the Futurum Equities Podcast.

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@FuturumEquities ·
10 Nov 2120283069089190080

"One Anthropic engineer used Claude to bring a frontier model onto MI355 racks over one weekend." -@StockSavvyShay

Shay on how AI coding is lowering the CUDA switching cost for $AMD, and why the Anthropic deal includes using Claude to speed up ROCm. With @StockMarketNerd.

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UPDATED THOUGHTS ON $NVDA OPEN AGENT SAFETY

  • Nvidia
  • Daily Shay

Podcast

Nvidia's board opened an independent investigation on Sunday after reports that Jensen Huang was the target of a foreign intelligence effort. Daniel Newman and Shay Boloor went live on Tuesday for episode 64 to work through what it means for Nvidia, for Huang's role and for the rest of the AI trade, on a morning when October CPI came in hot. Daniel, who spoke with about 40 reporters in the 24 hours before the show, expects the review to hang over the stock until it is settled, possibly for 12 to 24 months. He is holding. His case is the supply chain: Nvidia has more capacity at TSMC, more substrate, memory and optics, and hundreds of billions of dollars of cash, so any shift to rivals takes years. On succession, he says Nvidia has made no public comment on a plan and would likely be run by operators, the way Apple went from Steve Jobs to Tim Cook. Chief Market Strategist Shay Boloor calls it purely a key-man risk issue, with nothing changed in Nvidia's technology or roadmap, and says the stock could fall another 20% to 25% and still be cheap at 10 times earnings. He sees AMD as the most direct beneficiary, the credible second source that could move from about 5% to 10% share, and Daniel asks whether neoclouds like Nebius, IREN and CoreWeave now open their doors to AMD. The Q&A covers data centers after the midterms (Daniel says Futurum and ETR held their 2028 capex forecast at $4.1 trillion, with a wider range around it), two picks from Broadcom, Credo, Astera Labs and Marvell, whether AMD could bid for Lumentum, HIMS after its report, Micron over two to five years, CPI and a December rate hike, the best pick among Quanta, GE Vernova, Eaton, Constellation and Bloom Energy, and why Nebius is falling. Bring your tickers and questions to the chat on the next live show and the guys will take them on air. Chapters: 00:00 Episode 64: hot CPI and a green open 01:45 Nvidia's board investigation: what it means 10:15 How long the overhang lasts 13:30 Shay: key-man risk at 10 times earnings 14:42 Daniel: Nvidia's supply chain advantage 17:13 Who benefits: AMD as the second source 20:33 Succession: who could run Nvidia 26:59 Q&A: data centers after the midterms 28:46 Futurum and ETR capex: 2027 and 2028 33:30 Q&A: Broadcom, Credo, Astera Labs or Marvell 37:37 Q&A: HIMS 43:02 Q&A: Micron over two to five years 47:10 Q&A: CPI and a December hike 50:45 Q&A: Quanta, GE Vernova, Eaton, Constellation or Bloom 53:12 Q&A: what is happening with Nebius 58:08 Close: Zeta on The Deep End #FuturumEquities #DanielNewman #ShayBoloor #Nvidia #AIStocks #AMD 58:53 Jensen Huang under review. What it means for Nvidia and the AI trade | Ep 64.

Jensen Huang under review. What it means for Nvidia and the AI trade | Ep 64.

Futurum Equities November 10, 2026 8:05 am

Democrats swept the midterms on Tuesday, and on Thursday tech stocks had what Shay called their worst day since COVID, with the Nasdaq down about 6% while the show was live. Daniel Newman and Shay Boloor went live a day early for episode 63 to sort out what the election changed for AI stocks and what it left alone. Daniel starts in Texas, where about a quarter of planned US data center capacity sits and the new governor campaigned on slowing data centers. He says Governor Abbott's moratorium was already in place and slowed nothing, the new policy covers projects that are not yet approved, and the 2027 build is already locked in. Later projects can move to other states or overseas, and he argues the new majorities have no reason to stall the build before 2028. He walks through ETR semiconductor analyst Rolf Bulk's scenarios: $3.1 trillion of capex in 2027 with less than 10% of it exposed to the election, and a worst case of $2.7 trillion. Chief Market Strategist Shay Boloor says the only thing that changed this week was the cost and process of building AI infrastructure, and demand for compute is where it was. He calls the drop a technical deleveraging: funds cutting exposure across every high beta AI name at once, with Nvidia down 9% and Astera Labs down 20% after a strong report while the show was on air. The Q&A covers more downside into 2027, whether Anthropic still lists next week (both hosts expect it to), how each host hedges, whether a slower build is healthier, whether hyperscalers cut capex, why Shay says Nvidia needs the neoclouds, Shay's rotation of about 8% of his portfolio into Nebius, Rocket Lab, DigitalOcean and SiTime, position sizing, and Cipher and IREN ahead of IREN's earnings. Bring your tickers and questions to the chat on the next live show and the guys will take them on air. Chapters: 00:00 Episode 63: the midterm selloff 01:12 Texas, the midterms and the data center vote 07:34 Why the 2027 build is locked in, and where new projects go 09:34 Shay: what changed is the cost of building 18:08 ETR's 2027 capex scenarios: $3.1T base, $2.7T worst case 21:38 Why Shay calls it technical deleveraging 26:20 Q&A: more downside into 2027? 27:45 Q&A: does Anthropic still IPO next week? 31:00 Q&A: capitulation and hedging 37:08 Q&A: is a slower build healthier? 38:32 Q&A: do hyperscalers cut capex? 42:08 Why Nvidia needs the neoclouds 45:40 Q&A: rotating capital in a selloff 52:35 Q&A: how to size positions 56:38 Q&A: Cipher and IREN, then the close #FuturumEquities #DanielNewman #ShayBoloor #AIStocks #Midterms #DataCenters 1:0:58 Texas may pause data centers. Tech's worst day since COVID | Ep 63

Texas may pause data centers. Tech's worst day since COVID | Ep 63

Futurum Equities November 5, 2026 1:50 pm

Google, Amazon and Intel all reported this week, and on Friday QQQ fell 3.4%. Daniel Newman and Shay Boloor went live at 3 PM ET on episode 62, with QQQ down about 4% while they were on air, to sort out what changed in AI this week and what did not. Chief Market Strategist Shay Boloor says his line in the sand, the 21-week moving average on QQQ, broke before the open, and 680 is the next level he is watching. Daniel lists every Friday that QQQ gapped down more than 2.5% after a down day: 2001, June 2002, October 2008, twice during COVID, Liberation Day, and today. He says each one came during a real capitulation. His read on the week is that none of the misses were about AI. Google Cloud grew 103% and AWS grew 39%. What weakened was the business that pays for AI: Google's ads and Amazon's free cash flow. On Google, Shay says this was the first quarter Search came in under half of revenue, and AI Mode earns less per query than traditional search does. Reddit fell about 29% on the same shift in traffic. He would buy Google for Cloud, with a backlog near half a trillion dollars and more than 100 TPU customers. On ServiceNow, Shay sold near $140 before the print and still sees it as the control tower for enterprise AI agents, with the revenue arriving in 2027. Daniel bought more at $110 and plans to hold it for five years. On Intel, which fell 29% on Friday, Daniel says Intel could sell every data center chip it can make and cannot make more, and that the stock ran from $20 to almost $150 before the numbers showed up. Shay says the CPU demand Intel cannot fill goes to AMD and Nvidia. The Q&A covers the 10-year near 5% and the funding squeeze on neoclouds, a stagflation playbook, the reported Marvell and Lumentum deal, Credo against Google and Amazon, robotics picks, SpaceX at $135, Cipher and IREN, the Anthropic IPO, and whether AMD could have an Intel quarter. Bring your tickers and questions to the chat on the next live show and the guys will take them on air. Chapters: 00:00 Episode 62: QQQ down 4% on a Friday 01:21 Broken levels and a capitulation stat 05:37 None of the misses were about AI 10:17 Why Google fell hardest: Search and AI Mode 12:55 The case for Google Cloud and TPUs 15:53 Trading it or owning it 21:01 ServiceNow: why Shay sold and why Daniel bought 26:22 Intel's supply problem and who gets the overflow 36:17 Q&A: the 10-year at 5% and the neocloud squeeze 40:20 Q&A: a stagflation playbook and the ServiceNow dip 43:49 Q&A: Marvell and Lumentum 47:21 Q&A: Credo, or Google, Amazon and Nvidia 51:01 Q&A: robotics picks and SpaceX 54:20 Q&A: Cipher and IREN 56:36 Q&A: the Anthropic IPO 59:04 Q&A: could AMD repeat Intel? Then the close #FuturumEquities #DanielNewman #ShayBoloor #Google #Intel #AIStocks 1:0:32 Google, Amazon and Intel all showed AI demand. QQQ still fell 3.4%. | Ep 62

Google, Amazon and Intel all showed AI demand. QQQ still fell 3.4%. | Ep 62

Futurum Equities October 30, 2026 1:51 pm

SpaceX, Meta and Tesla all reported this week, and AI stocks still sold off. Daniel Newman and Shay Boloor went live Thursday morning on episode 61, with QQQ down about 2% while they were on air, to work out why strong earnings did not lift the market and what they are buying. Daniel says good tech earnings cannot outrun the headline, and the headline is that Iran is not solved. He says the analysts who downgraded CoreWeave after it fell from above $100 to about $50 are making their call after the move already happened. Chief Market Strategist Shay Boloor says SpaceX gave AI bulls everything they could ask for and the trade still did not reset. To him that means yields and the discount rate are setting prices right now. He is adding to his AI names while the macro holds them down. On SpaceX, Daniel says it could be the largest hyperscaler within 18 months and can charge 40 to 50 billion dollars a gigawatt for compute. Shay points out that 84% of SpaceX's capex went to AI. He reads the quarter as good news for Nebius, IREN and CoreWeave, because one of the largest new suppliers still cannot find enough spare compute for its own needs, and he says the bottleneck is moving from GPUs to power, cooling and electrical equipment. On Meta, Daniel calls the quarter a Goldilocks beat with a small capex raise. Shay says Muse produced real engagement and shopping data for the first time. Daniel flags how many users drop off two weeks after signing up and says agents that see ads are the bigger upside. On Tesla, Daniel thinks the company is getting ready for a merger with SpaceX. Shay calls it the best Tesla report yet for FSD and still prefers SpaceX. The Q&A covers when to move from buying dips to protecting capital, Daniel's muni bond fund and healthcare names, Shay's 21-week EMA line on QQQ, whether supply can catch up to demand before the macro clears, Google below its 200-day against Nebius and space stocks, and Cipher and IREN's untapped power. Bring your tickers and questions to the chat on the next live show and the guys will take them on air. Chapters: 00:00 Episode 61: another selloff on earnings week 02:35 CoreWeave downgrades after the move 05:59 Good tech earnings cannot outrun the headline 08:22 SpaceX gave AI bulls everything. Yields set the price 10:31 What Daniel is buying: Micron and SpaceX 13:04 SpaceX as a hyperscaler 15:12 The read through for neoclouds and AI power 18:22 Meta: the capex raise and Muse 23:20 Tesla: FSD and the SpaceX merger 28:51 Neoclouds and AI power lead the selloff 31:12 Q&A: dip buying or capital preservation 45:40 Q&A: can supply catch up before the macro clears 49:58 Q&A: Google below its 200-day, or Nebius and space 54:15 Q&A: Cipher, IREN and untapped power 58:06 Shay's close: buying the fear #FuturumEquities #DanielNewman #ShayBoloor #SpaceX #AI #Stocks 59:18 SpaceX’s AI unit passed Starlink. Meta beat, Tesla’s profit fell 56%

SpaceX’s AI unit passed Starlink. Meta beat, Tesla’s profit fell 56%

Futurum Equities October 22, 2026 7:33 am

TSMC raised its 2026 growth outlook to about 44% and ASML said customers want more machines than it can build through 2028. In the same week CoreWeave's bonds traded at a record 14.5% yield and the neocloud stocks fell double digits. Daniel Newman and Shay Boloor are live at 3:15 PM ET on why the AI trade sold off while its suppliers posted records. The slate opens with the suppliers. TSM reported third-quarter revenue of $46.72 billion, up 41% from a year ago, net income of NT$763 billion against NT$746 billion expected, and guided the fourth quarter to $52.3 billion to $54.3 billion. ASML reported record sales of €11.7 billion at a 57.5% gross margin, guided the fourth quarter to €14.2 billion to €15.2 billion, and said planned supply for 2027 and 2028 will not fully meet demand. Both stocks fell about 7% on the week. Then the neoclouds. CRWV fell 15% in a day after its 2032 bonds hit a 14.5% yield, its credit default swaps reached a record, and Gartner forecast that 80% of neocloud providers will stop operating independently by 2030. NBIS and IREN fell with it, while MSFT and META were up on the week. Jensen Huang said CoreWeave's cost of capital is falling. Then the labs. OpenAI told investors its annualized revenue was about $50 billion, below the $68 billion that had been reported, and Anthropic's third-quarter revenue grew about 45% after more than doubling the quarter before. Then the prints: September CPI rose 3.7% from a year ago, PPI jumped 1.3% in a month, and the 10-year Treasury yield still fell to about 5.1% ahead of the October 27 to 28 Fed meeting. This is a live show and the chat runs the back half. Bring your tickers and your questions and Daniel and Shay take them on air. On the list: whether to buy the neocloud dip, TSMC and ASML on the pullback, IREN after the Anthropic report, Micron after its slide, and whether the Fed hikes in October. Chapters: 00:00 Episode 60: the AI selloff, live after the close 02:24 Shay's plan for a VIX above 25 04:28 Anthropic's valuation and Daniel's ARR math 09:26 The cost of capital and the CoreWeave canary 12:31 Daniel's CoreWeave trade and the $105B backlog 13:25 Which neoclouds become hyperscalers 16:16 CPI, PPI and the energy shock 18:13 TSMC and ASML: the adults in the room 21:40 Hyperscaler earnings and the capital raise risk 23:01 Why neocloud CEOs should buy their own stock 24:57 Q&A: falling yields and debt-dependent stocks 29:41 Q&A: Nebius against CoreWeave, and Rocket Lab 32:32 Q&A: what Daniel is buying 35:18 Q&A: HBM against DRAM and NAND 40:50 Q&A: Qualcomm and the Meta deal 46:13 Q&A: more downside and the 200-day rule 48:15 Q&A: midterms, the QQQ RSI and Shay's hedge 51:04 Q&A: a Tesla and SpaceX merger 53:34 Q&A: TLT, XLU and Daniel's healthcare names 56:16 Q&A: Oracle's backlog and its bonds 58:02 Q&A: ASTS and launch access 1:00:12 Q&A: Oklo and names that burn cash 1:02:15 The weekend plan and 6% safe yields If the read helps you make sense of the tape, a like puts the show in front of more investors, and subscribing with the bell on means the next live shows up in your feed while you can still bring a question to it. #FuturumEquities #DanielNewman #ShayBoloor #TSMC #CoreWeave #Semiconductors 1:5:13 AI is dead. Long live AI. TSMC guides up as CoreWeave bonds crack. | Ep 60

AI is dead. Long live AI. TSMC guides up as CoreWeave bonds crack. | Ep 60

Futurum Equities October 16, 2026 1:47 pm

Payrolls rose 29,000 in September against roughly 90,000 expected, and unemployment ticked up to 4.2%. Micron guided its next quarter to $61.5 billion at an 87% gross margin, and AMD agreed to buy Fei-Fei Li's World Labs for about $8.2 billion in stock. Daniel Newman and Shay Boloor take the jobs report, Micron, Synopsys, AMD and Nvidia's agent safety platform on episode 59, then take your questions. Shay calls the jobs report Goldilocks: labor cooled without falling apart, and he does not see the Fed needing to raise rates again. His worry is the consumer, with wage growth of about 3% roughly matching core inflation. Daniel says the hikes were justified on war-driven inflation that should fade, while jobs keep getting revised lower, and that the bond market has already done the hiking for the Fed. Both hosts say the end of the war in Iran is the catalyst for a year-end rally. Daniel calls Micron the World Series of Earnings. He says the revenue growth came on roughly the same supply as a year ago, so the story is pricing, mix and margin, and that memory supply may stay tight until 2030. He expects Micron to use its growing cash pile to invest across the ecosystem the way Nvidia has. Shay walks through how much of the quarter came from pricing rather than bit growth and why the market still prices MU like a commodity. On SNPS, Daniel says OpenAI found that chip design tools cannot be vibe coded, and that GPT-Synopsys adds AI to the tools instead. He calls ServiceNow's Flow the right way to package vibe-coded software for the enterprise, and Shay calls NOW fair at 30x earnings. Shay calls AMD's World Labs deal a genius acquisition that ties model research to AMD's chip roadmap, with the payoff in products around 2028. Daniel reads NVDA's safety platform as zero trust for agents, which start with no permissions and are granted them, and argues AI companies should carry liability when their systems cause harm. The Q&A covers cybersecurity valuations, Muse use cases and why Apple should have built it, IREN's Horizon handoffs, why Shay bought Cerebras, Axon after the Flock backlash, oil and gas, SoFi, and Oracle LEAPs against its credit rating. The show is live every Friday at 1 PM ET. Bring your tickers and questions to the chat and the guys will take them on air. Chapters: 00:00 Episode 59: a week of AI agent safety headlines 03:50 The September jobs miss and the Fed 09:10 The bond market already hiked 11:15 Micron: the World Series of Earnings 21:13 Synopsys investor day: you can't vibe code EDA 23:54 ServiceNow Flow and vibe coding for the enterprise 26:37 AMD buys World Labs 30:06 Nvidia's open agent safety platform 35:01 Q&A: cybersecurity valuations 38:18 Q&A: Muse use cases and the product Apple should build 42:29 Q&A: IREN's Horizon 2 to 4 handoffs 45:24 Q&A: why Shay bought Cerebras 49:20 Q&A: Axon after the Flock backlash 51:24 Q&A: oil and gas, and SoFi 54:35 Q&A: Oracle LEAPs and the credit rating 56:05 Rocket Lab and the close #FuturumEquities #DanielNewman #ShayBoloor #Micron #AMD #Stocks 57:15 Micron guided $61.5B. OpenAI shipped agents. AMD bought World Labs. | Ep 59

Micron guided $61.5B. OpenAI shipped agents. AMD bought World Labs. | Ep 59

Futurum Equities October 2, 2026 10:15 pm

Meta got the re-rating both hosts called at the start of 2026. META closed Thursday up 27% from the day Muse launched on September 8, AMD crossed $1 trillion on September 21, and Micron reports a 14-week quarter on September 30. Daniel Newman and Shay Boloor take the three in order on episode 58, then take your questions. Daniel says the AI winner will be the company with the most compute and energy at its disposal. Meta kept buying CPUs, GPUs and its own accelerators while the market wrote it off, and Muse puts that compute to work. Muse is free up to 100 million tokens a week, with $20 and $100 tiers above that, and Meta plans to take a small fee on each transaction. Daniel calls the transaction model the move Apple should have made. Shay's four qualities of an AI winner are proprietary data, install base, compute and energy. He says Meta had three of them all along, argues it now deserves a Google-like multiple for a consumer AI product, and warns that the next quarterly report will not show any of it. On AMD, Shay counts 40x 2027 earnings against 15x for NVDA and warns that warrants held by Meta and OpenAI will lift the share count in any 2030 model. Daniel says the market treats Nvidia as the incumbent with everything to lose and AMD as the entrant with everything to gain, and that the stock is priced as if Helios, AMD's first rack-scale system, carries almost no execution risk. On MU, Shay explains why the guide could look light: fiscal Q4 had 14 weeks and Q1 has 13. He is watching strategic customer agreements, HBM4 share and capex timing, and has not heard one plausible sign that memory pricing power is eroding. Daniel says Futurum's 2030 CPU forecast has more than doubled since January, walks through the follow-up reporting on the Coxon post, and says every AI scare so far has ended in a rally. He is long VKTX after Viking's maintenance data and says Novo Nordisk should buy it. The Q&A covers DigitalOcean and its move past GPU rentals, Everpure after its investor day, the rest of the year with the 10-year at its highest since 2007, Shay's agentic AI picks for 2027, AI power and 800-volt DC, Muse against Grok, the Anthropic IPO, Amazon in 2027, and why crypto has not rallied more. The show is live every Friday at 1 PM ET. Bring your tickers and questions to the chat and the guys will take them on air. Chapters: 00:00 Episode 58: Daniel is back from Snapdragon Summit 04:09 Meta's re-rating on Muse 14:49 AMD at $1 trillion against Nvidia 22:31 Micron preview: the 14-week quarter 28:01 Futurum's CPU forecast doubled, and the Coxon post follow-up 34:54 Viking Therapeutics after its maintenance data 37:33 Q&A: DigitalOcean beyond GPU rentals 39:34 Q&A: Everpure after its investor day 42:48 Q&A: the rest of the year, the war and 5% yields 47:19 Q&A: agentic AI picks for 2027 49:25 AI power and 800-volt DC 50:38 Q&A: Muse or Grok, and the Anthropic IPO 53:07 Q&A: Amazon in 2027 and agentic commerce 55:29 Q&A: why crypto has not rallied 56:40 Micron's cycle and the close #FuturumEquities #DanielNewman #ShayBoloor #Meta #AMD #Stocks 58:28 Meta is up big on Muse. AMD is priced for no mistakes. Micron is next. | Ep 58

Meta is up big on Muse. AMD is priced for no mistakes. Micron is next. | Ep 58

Futurum Equities September 25, 2026 10:09 pm

Meta's Muse hit No. 1 on the US App Store ten days after launch, cybersecurity had its best week of the year on AI fear, and the Fed hiked for the first time since 2023 with both hosts on record for no hike. Daniel Newman and Shay Boloor open episode 57 a week after the pace the frontier call and grade what it changed. Daniel brings ETR survey data from about 50 enterprise CIOs: the buyers of AI are fine with a slowdown, want third-party evaluation, and will pay a premium for the testing. They cannot keep up with the releases, he says, and both hosts call the labs' slowdown push regulatory capture ahead of the OpenAI and Anthropic IPOs, which Shay has zero plans to buy. Nebius raised prices about 20%, Anthropic wants 5 gigawatts by year end, and Daniel repeats that the compute is the moat. Daniel calls the hike bullish for cash holders and a problem for anyone on a credit card or a 7.5% mortgage. Shay's rule is to separate demand from financing: the buildout does not slow, the neo clouds that borrow to build get replaced by Microsoft and Meta funding from cash flow. META is Shay's case of monetizing intelligence a company already owns. Muse turns a hotel ad into a booked reservation, which moves Meta from creating demand to participating in the transaction. Daniel calls it the Apple move Apple never made. Cybersecurity, the show's application winner call since the SaaSpocalypse, is now fully priced by both hosts' account. Daniel says the opportunity was the Mythos selloff. Shay holds CRWD and NET at about 8% of his portfolio, counts them at 100x free cash flow, and would not be surprised if they go nowhere for two years. His replacement trade is memory and power: MU, VRT, ON and NBIS, with SITM, AEHR and CRDO as the less obvious bottlenecks for 2027. Daniel backs memory, calls NVDA undervalued for the systems it builds, and puts META and GOOGL back on his list as stack owners. The Q&A covers whether the hike changes either host's buying, the 2027 themes, Daniel's long healthcare in OSCR and HIMS, ORCL as a 2028 story and a 0.3% trade, DELL at 21x against MU at 6x, and the first lightning round: short DELL and INTC, long MU and NVDA. The show is live every Friday at 1 PM ET. Bring your tickers and questions to the chat and the guys will take them on air. If this one helped, a like puts the show in front of more investors. Subscribe for next Friday's live, and tell us in the comments whether you are with Shay on memory or holding your cyber names. Chapters: 00:00 Episode 57: still standing after the slowdown week 00:30 ETR's CIO survey: enterprise buyers are fine with slowing down 04:13 Shay: enterprises will pay a premium for third-party testing 04:27 Open models at pennies on the dollar and the regulatory capture question 05:40 Shay: pure gamesmanship ahead of the OpenAI and Anthropic IPOs 07:21 Daniel: every FUD moment has been a buying opportunity 07:35 Safety needs more compute: Nebius prices, Anthropic's 5 GW, compute is the moat 09:19 All-In, Dreamforce, and why Meta and Google already went slow 10:58 Shay: the smog check analogy and zero plans to buy either IPO 12:31 Daniel: overcooked valuations and the calls we got wrong 13:35 The rate hike both hosts got wrong 14:29 Who the hike hurts: credit cards, car loans, 7.5% mortgages 16:45 Shay: higher for longer through 2027 meets the first AI job trim 18:33 Bad economy, good market: separate demand from financing 19:59 Housing volume, the oil shock, and a Middle East resolution 21:52 The bond market is trading the war, then Meta and Muse at No. 1 23:29 Daniel: Muse is the Apple move Apple never made 24:58 Shay: from creating demand to participating in the transaction 26:43 Daniel on Zuckerberg: right on compute, AI and agents 27:47 Cybersecurity: the application winner at COVID level valuations 29:10 Daniel: two pure plays, a small pond with big fish 31:04 Q: are cyber stocks still worth buying? Shay: overpriced 32:18 The opportunity was the Mythos selloff 32:49 Shay: CrowdStrike and Cloudflare may not move for two years, memory and power are forgotten 34:09 Daniel: software outside security, Nebius at 4x 2028 EBITDA, own the stack 37:33 Shay: the previous winners can be the new winners 38:51 Q&A: does the hike make you cautious? Shay's QQQ 21 week EMA plan 40:31 Daniel: a bullish hike, 95% invested 41:44 Would the market be red without a hike? Fed independence 43:05 Q&A: 2027 themes, AI power, SiTime, testing, Credo 44:03 Daniel: infrastructure, energy, and long healthcare 45:47 Q&A: Oracle is a 2028 story and a 0.3% trade 47:07 Daniel: the $650B backlog and the price leader's balance sheet 49:02 Q&A: Dell at 21x vs Micron at 6x, one of those has to be wrong 50:09 Daniel: Dell and HPE fully valued, Nvidia at $10T is only a double 52:10 Lightning round: short Dell and Intel, long Micron and Nvidia 53:28 Wrap: a quiet FOMC week #FuturumEquities #DanielNewman #ShayBoloor #AI #Stocks #Meta 55:26 AI labs asked to slow down. The Fed hiked. Cybersecurity won the week. | Ep 57

AI labs asked to slow down. The Fed hiked. Cybersecurity won the week. | Ep 57

Futurum Equities September 18, 2026 10:04 am

An AI doom post from a former Anthropic researcher passed 100 million views this week, and Daniel Newman and Shay Boloor open episode 56 by grading it against what got signed and reported. Oracle grew cloud infrastructure revenue 121%, Amazon tied warrants on Qualcomm stock to as much as $60 billion of chip orders, and Meta's Muse agent ranked fourth on Signal65's Pinnacle benchmark. Daniel reads the Jacob Coxon post as a media event with nothing actioned after the tour. Shay files it under the doomsday narratives the market has cycled through and names the risks he actually watches: power constraints, capital intensity and higher rates for longer. Oracle is the test case. Daniel calls 121% cloud infrastructure growth the pace setter among hyperscalers and still cannot get past the cash Oracle does not have. Shay says nothing in the quarter changed the narrative on ORCL: half of a $664 billion backlog converts inside three years, the GPU fleet runs at 98% utilization, free cash flow is still negative, and only time fixes the stock. That leads into the dislocation both hosts see in DELL at 23x forward earnings, more than NVDA, while memory names like MU trade as a commodity. Daniel's answer is cash conversion. Shay would rather own memory. Qualcomm's segment is Shay's frame: QCOM only has to be at the table, and AWS just gave it a multi-generation seat in custom inference silicon and 1.6 terabit optics. Shay reads the deal as bullish for the whole data movement group, CRDO, ALAB, AVGO and MRVL included. Muse sits fourth on Pinnacle behind three frontier models, and Shay's case for META is a move from monetizing intention to monetizing action. The Q&A covers what a Fed hike next week does to a capex pipeline both hosts call price inelastic, AeroVironment and Kratos after the drone selloff, Daniel's covered call and put spread playbook, Shay's rule of buying when the VIX is above 20 and his 10% cash position, the prisoner's dilemma that keeps every hyperscaler spending, and Apple as the safe haven with the largest install base. The show is live every Friday at 1 PM ET. Bring your tickers and questions to the chat and the guys will take them on air. If this one helped you separate the doom narrative from the receipts, a like puts the show in front of more investors. Subscribe and hit the bell so you catch the next live, and tell us in the comments whether you side with Shay on memory or Daniel on Dell. Chapters: 00:00 Episode 56: a new doomsday scenario in the AI narrative 01:27 Hike odds near 80% and Shay's 5 to 1 bet that the Fed holds 02:09 Leaving IREN without leaving the neo cloud theme 02:46 The Jacob Coxon post: a six week Anthropic hire goes viral 03:47 Anthropic's doom playbook: Dario, Mythos and the misuse report 06:55 Cancel the IPO or slow the buildout: Sacks vs Jensen 07:56 Daniel's Terminator thesis: humanoids plus autonomous weapons 09:36 Best case a slowdown campaign, worst case a psyop 10:08 Shay's list of doomsday narratives and the risks that matter: power, capital, rates 12:07 Nothing got actioned: the media tour and the follower count 12:47 Oracle: 121% cloud infrastructure growth and the cash it does not have 15:31 Shay: no narrative change, half the RPO converts in three years, 98% utilization 18:30 First to blink: why no hyperscaler can cut capex first 20:42 Dell rewarded, memory not: the market's dislocation 22:10 Daniel: Dell is the pick and shovel, Oracle's revenue moves right 23:40 Dell at 23x is more than Nvidia. Why not memory instead 25:50 Qualcomm and Amazon: Daniel on the deal and the abundance era 30:14 Shay: Qualcomm only has to be at the table, plus 1.6T optics 32:22 This will not be the last hyperscaler deal 33:34 Meta's Muse: fourth on the Pinnacle benchmark at a fraction of the cost 35:13 Shay: Meta from monetizing intention to monetizing action, 25x is fair 36:36 Amazon and Meta were the 2026 best ideas: taking the L 37:57 The Apple foldable, an engagement and Grandpa Dan 40:26 Q&A: does a Fed hike slow the AI capex pipeline 43:56 Shay: strong commitments hold, tier three neo clouds get dinged 45:48 Q&A: AeroVironment and Kratos, record backlogs in a broken down group 47:49 Anduril's IPO as the drone trade's SpaceX moment 48:49 Q&A: Daniel's option spreads and covered call playbook 51:50 Shay: buy above VIX 20, 10% cash in each portfolio 53:02 Q&A: the capex prisoner's dilemma and the earnings bubble 56:16 Apple as the safe haven with the biggest install base 57:30 Wrap: Fed week ahead #FuturumEquities #DanielNewman #ShayBoloor #AI #Stocks #Oracle 57:41 The AI doom post passed 100M views. Power and rates are the real risk. | Ep. 56

The AI doom post passed 100M views. Power and rates are the real risk. | Ep. 56

Futurum Equities September 11, 2026 10:16 pm

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Nvidia's board opened an independent investigation on Sunday after reports that Jensen Huang was the target of a foreign intelligence effort. Daniel Newman and Shay Boloor went live on Tuesday for episode 64 to work through what it means for Nvidia, for Huang's role and for the rest of the AI trade, on a morning when October CPI came in hot. Daniel, who spoke with about 40 reporters in the 24 hours before the show, expects the review to hang over the stock until it is settled, possibly for 12 to 24 months. He is holding. His case is the supply chain: Nvidia has more capacity at TSMC, more substrate, memory and optics, and hundreds of billions of dollars of cash, so any shift to rivals takes years. On succession, he says Nvidia has made no public comment on a plan and would likely be run by operators, the way Apple went from Steve Jobs to Tim Cook. Chief Market Strategist Shay Boloor calls it purely a key-man risk issue, with nothing changed in Nvidia's technology or roadmap, and says the stock could fall another 20% to 25% and still be cheap at 10 times earnings. He sees AMD as the most direct beneficiary, the credible second source that could move from about 5% to 10% share, and Daniel asks whether neoclouds like Nebius, IREN and CoreWeave now open their doors to AMD. The Q&A covers data centers after the midterms (Daniel says Futurum and ETR held their 2028 capex forecast at $4.1 trillion, with a wider range around it), two picks from Broadcom, Credo, Astera Labs and Marvell, whether AMD could bid for Lumentum, HIMS after its report, Micron over two to five years, CPI and a December rate hike, the best pick among Quanta, GE Vernova, Eaton, Constellation and Bloom Energy, and why Nebius is falling. Bring your tickers and questions to the chat on the next live show and the guys will take them on air. Chapters: 00:00 Episode 64: hot CPI and a green open 01:45 Nvidia's board investigation: what it means 10:15 How long the overhang lasts 13:30 Shay: key-man risk at 10 times earnings 14:42 Daniel: Nvidia's supply chain advantage 17:13 Who benefits: AMD as the second source 20:33 Succession: who could run Nvidia 26:59 Q&A: data centers after the midterms 28:46 Futurum and ETR capex: 2027 and 2028 33:30 Q&A: Broadcom, Credo, Astera Labs or Marvell 37:37 Q&A: HIMS 43:02 Q&A: Micron over two to five years 47:10 Q&A: CPI and a December hike 50:45 Q&A: Quanta, GE Vernova, Eaton, Constellation or Bloom 53:12 Q&A: what is happening with Nebius 58:08 Close: Zeta on The Deep End #FuturumEquities #DanielNewman #ShayBoloor #Nvidia #AIStocks #AMD 58:53 Jensen Huang under review. What it means for Nvidia and the AI trade | Ep 64.

Jensen Huang under review. What it means for Nvidia and the AI trade | Ep 64.

Futurum Equities November 10, 2026 8:05 am

Democrats swept the midterms on Tuesday, and on Thursday tech stocks had what Shay called their worst day since COVID, with the Nasdaq down about 6% while the show was live. Daniel Newman and Shay Boloor went live a day early for episode 63 to sort out what the election changed for AI stocks and what it left alone. Daniel starts in Texas, where about a quarter of planned US data center capacity sits and the new governor campaigned on slowing data centers. He says Governor Abbott's moratorium was already in place and slowed nothing, the new policy covers projects that are not yet approved, and the 2027 build is already locked in. Later projects can move to other states or overseas, and he argues the new majorities have no reason to stall the build before 2028. He walks through ETR semiconductor analyst Rolf Bulk's scenarios: $3.1 trillion of capex in 2027 with less than 10% of it exposed to the election, and a worst case of $2.7 trillion. Chief Market Strategist Shay Boloor says the only thing that changed this week was the cost and process of building AI infrastructure, and demand for compute is where it was. He calls the drop a technical deleveraging: funds cutting exposure across every high beta AI name at once, with Nvidia down 9% and Astera Labs down 20% after a strong report while the show was on air. The Q&A covers more downside into 2027, whether Anthropic still lists next week (both hosts expect it to), how each host hedges, whether a slower build is healthier, whether hyperscalers cut capex, why Shay says Nvidia needs the neoclouds, Shay's rotation of about 8% of his portfolio into Nebius, Rocket Lab, DigitalOcean and SiTime, position sizing, and Cipher and IREN ahead of IREN's earnings. Bring your tickers and questions to the chat on the next live show and the guys will take them on air. Chapters: 00:00 Episode 63: the midterm selloff 01:12 Texas, the midterms and the data center vote 07:34 Why the 2027 build is locked in, and where new projects go 09:34 Shay: what changed is the cost of building 18:08 ETR's 2027 capex scenarios: $3.1T base, $2.7T worst case 21:38 Why Shay calls it technical deleveraging 26:20 Q&A: more downside into 2027? 27:45 Q&A: does Anthropic still IPO next week? 31:00 Q&A: capitulation and hedging 37:08 Q&A: is a slower build healthier? 38:32 Q&A: do hyperscalers cut capex? 42:08 Why Nvidia needs the neoclouds 45:40 Q&A: rotating capital in a selloff 52:35 Q&A: how to size positions 56:38 Q&A: Cipher and IREN, then the close #FuturumEquities #DanielNewman #ShayBoloor #AIStocks #Midterms #DataCenters 1:0:58 Texas may pause data centers. Tech's worst day since COVID | Ep 63

Texas may pause data centers. Tech's worst day since COVID | Ep 63

Futurum Equities November 5, 2026 1:50 pm

Google, Amazon and Intel all reported this week, and on Friday QQQ fell 3.4%. Daniel Newman and Shay Boloor went live at 3 PM ET on episode 62, with QQQ down about 4% while they were on air, to sort out what changed in AI this week and what did not. Chief Market Strategist Shay Boloor says his line in the sand, the 21-week moving average on QQQ, broke before the open, and 680 is the next level he is watching. Daniel lists every Friday that QQQ gapped down more than 2.5% after a down day: 2001, June 2002, October 2008, twice during COVID, Liberation Day, and today. He says each one came during a real capitulation. His read on the week is that none of the misses were about AI. Google Cloud grew 103% and AWS grew 39%. What weakened was the business that pays for AI: Google's ads and Amazon's free cash flow. On Google, Shay says this was the first quarter Search came in under half of revenue, and AI Mode earns less per query than traditional search does. Reddit fell about 29% on the same shift in traffic. He would buy Google for Cloud, with a backlog near half a trillion dollars and more than 100 TPU customers. On ServiceNow, Shay sold near $140 before the print and still sees it as the control tower for enterprise AI agents, with the revenue arriving in 2027. Daniel bought more at $110 and plans to hold it for five years. On Intel, which fell 29% on Friday, Daniel says Intel could sell every data center chip it can make and cannot make more, and that the stock ran from $20 to almost $150 before the numbers showed up. Shay says the CPU demand Intel cannot fill goes to AMD and Nvidia. The Q&A covers the 10-year near 5% and the funding squeeze on neoclouds, a stagflation playbook, the reported Marvell and Lumentum deal, Credo against Google and Amazon, robotics picks, SpaceX at $135, Cipher and IREN, the Anthropic IPO, and whether AMD could have an Intel quarter. Bring your tickers and questions to the chat on the next live show and the guys will take them on air. Chapters: 00:00 Episode 62: QQQ down 4% on a Friday 01:21 Broken levels and a capitulation stat 05:37 None of the misses were about AI 10:17 Why Google fell hardest: Search and AI Mode 12:55 The case for Google Cloud and TPUs 15:53 Trading it or owning it 21:01 ServiceNow: why Shay sold and why Daniel bought 26:22 Intel's supply problem and who gets the overflow 36:17 Q&A: the 10-year at 5% and the neocloud squeeze 40:20 Q&A: a stagflation playbook and the ServiceNow dip 43:49 Q&A: Marvell and Lumentum 47:21 Q&A: Credo, or Google, Amazon and Nvidia 51:01 Q&A: robotics picks and SpaceX 54:20 Q&A: Cipher and IREN 56:36 Q&A: the Anthropic IPO 59:04 Q&A: could AMD repeat Intel? Then the close #FuturumEquities #DanielNewman #ShayBoloor #Google #Intel #AIStocks 1:0:32 Google, Amazon and Intel all showed AI demand. QQQ still fell 3.4%. | Ep 62

Google, Amazon and Intel all showed AI demand. QQQ still fell 3.4%. | Ep 62

Futurum Equities October 30, 2026 1:51 pm

SpaceX, Meta and Tesla all reported this week, and AI stocks still sold off. Daniel Newman and Shay Boloor went live Thursday morning on episode 61, with QQQ down about 2% while they were on air, to work out why strong earnings did not lift the market and what they are buying. Daniel says good tech earnings cannot outrun the headline, and the headline is that Iran is not solved. He says the analysts who downgraded CoreWeave after it fell from above $100 to about $50 are making their call after the move already happened. Chief Market Strategist Shay Boloor says SpaceX gave AI bulls everything they could ask for and the trade still did not reset. To him that means yields and the discount rate are setting prices right now. He is adding to his AI names while the macro holds them down. On SpaceX, Daniel says it could be the largest hyperscaler within 18 months and can charge 40 to 50 billion dollars a gigawatt for compute. Shay points out that 84% of SpaceX's capex went to AI. He reads the quarter as good news for Nebius, IREN and CoreWeave, because one of the largest new suppliers still cannot find enough spare compute for its own needs, and he says the bottleneck is moving from GPUs to power, cooling and electrical equipment. On Meta, Daniel calls the quarter a Goldilocks beat with a small capex raise. Shay says Muse produced real engagement and shopping data for the first time. Daniel flags how many users drop off two weeks after signing up and says agents that see ads are the bigger upside. On Tesla, Daniel thinks the company is getting ready for a merger with SpaceX. Shay calls it the best Tesla report yet for FSD and still prefers SpaceX. The Q&A covers when to move from buying dips to protecting capital, Daniel's muni bond fund and healthcare names, Shay's 21-week EMA line on QQQ, whether supply can catch up to demand before the macro clears, Google below its 200-day against Nebius and space stocks, and Cipher and IREN's untapped power. Bring your tickers and questions to the chat on the next live show and the guys will take them on air. Chapters: 00:00 Episode 61: another selloff on earnings week 02:35 CoreWeave downgrades after the move 05:59 Good tech earnings cannot outrun the headline 08:22 SpaceX gave AI bulls everything. Yields set the price 10:31 What Daniel is buying: Micron and SpaceX 13:04 SpaceX as a hyperscaler 15:12 The read through for neoclouds and AI power 18:22 Meta: the capex raise and Muse 23:20 Tesla: FSD and the SpaceX merger 28:51 Neoclouds and AI power lead the selloff 31:12 Q&A: dip buying or capital preservation 45:40 Q&A: can supply catch up before the macro clears 49:58 Q&A: Google below its 200-day, or Nebius and space 54:15 Q&A: Cipher, IREN and untapped power 58:06 Shay's close: buying the fear #FuturumEquities #DanielNewman #ShayBoloor #SpaceX #AI #Stocks 59:18 SpaceX’s AI unit passed Starlink. Meta beat, Tesla’s profit fell 56%

SpaceX’s AI unit passed Starlink. Meta beat, Tesla’s profit fell 56%

Futurum Equities October 22, 2026 7:33 am

TSMC raised its 2026 growth outlook to about 44% and ASML said customers want more machines than it can build through 2028. In the same week CoreWeave's bonds traded at a record 14.5% yield and the neocloud stocks fell double digits. Daniel Newman and Shay Boloor are live at 3:15 PM ET on why the AI trade sold off while its suppliers posted records. The slate opens with the suppliers. TSM reported third-quarter revenue of $46.72 billion, up 41% from a year ago, net income of NT$763 billion against NT$746 billion expected, and guided the fourth quarter to $52.3 billion to $54.3 billion. ASML reported record sales of €11.7 billion at a 57.5% gross margin, guided the fourth quarter to €14.2 billion to €15.2 billion, and said planned supply for 2027 and 2028 will not fully meet demand. Both stocks fell about 7% on the week. Then the neoclouds. CRWV fell 15% in a day after its 2032 bonds hit a 14.5% yield, its credit default swaps reached a record, and Gartner forecast that 80% of neocloud providers will stop operating independently by 2030. NBIS and IREN fell with it, while MSFT and META were up on the week. Jensen Huang said CoreWeave's cost of capital is falling. Then the labs. OpenAI told investors its annualized revenue was about $50 billion, below the $68 billion that had been reported, and Anthropic's third-quarter revenue grew about 45% after more than doubling the quarter before. Then the prints: September CPI rose 3.7% from a year ago, PPI jumped 1.3% in a month, and the 10-year Treasury yield still fell to about 5.1% ahead of the October 27 to 28 Fed meeting. This is a live show and the chat runs the back half. Bring your tickers and your questions and Daniel and Shay take them on air. On the list: whether to buy the neocloud dip, TSMC and ASML on the pullback, IREN after the Anthropic report, Micron after its slide, and whether the Fed hikes in October. Chapters: 00:00 Episode 60: the AI selloff, live after the close 02:24 Shay's plan for a VIX above 25 04:28 Anthropic's valuation and Daniel's ARR math 09:26 The cost of capital and the CoreWeave canary 12:31 Daniel's CoreWeave trade and the $105B backlog 13:25 Which neoclouds become hyperscalers 16:16 CPI, PPI and the energy shock 18:13 TSMC and ASML: the adults in the room 21:40 Hyperscaler earnings and the capital raise risk 23:01 Why neocloud CEOs should buy their own stock 24:57 Q&A: falling yields and debt-dependent stocks 29:41 Q&A: Nebius against CoreWeave, and Rocket Lab 32:32 Q&A: what Daniel is buying 35:18 Q&A: HBM against DRAM and NAND 40:50 Q&A: Qualcomm and the Meta deal 46:13 Q&A: more downside and the 200-day rule 48:15 Q&A: midterms, the QQQ RSI and Shay's hedge 51:04 Q&A: a Tesla and SpaceX merger 53:34 Q&A: TLT, XLU and Daniel's healthcare names 56:16 Q&A: Oracle's backlog and its bonds 58:02 Q&A: ASTS and launch access 1:00:12 Q&A: Oklo and names that burn cash 1:02:15 The weekend plan and 6% safe yields If the read helps you make sense of the tape, a like puts the show in front of more investors, and subscribing with the bell on means the next live shows up in your feed while you can still bring a question to it. #FuturumEquities #DanielNewman #ShayBoloor #TSMC #CoreWeave #Semiconductors 1:5:13 AI is dead. Long live AI. TSMC guides up as CoreWeave bonds crack. | Ep 60

AI is dead. Long live AI. TSMC guides up as CoreWeave bonds crack. | Ep 60

Futurum Equities October 16, 2026 1:47 pm

Payrolls rose 29,000 in September against roughly 90,000 expected, and unemployment ticked up to 4.2%. Micron guided its next quarter to $61.5 billion at an 87% gross margin, and AMD agreed to buy Fei-Fei Li's World Labs for about $8.2 billion in stock. Daniel Newman and Shay Boloor take the jobs report, Micron, Synopsys, AMD and Nvidia's agent safety platform on episode 59, then take your questions. Shay calls the jobs report Goldilocks: labor cooled without falling apart, and he does not see the Fed needing to raise rates again. His worry is the consumer, with wage growth of about 3% roughly matching core inflation. Daniel says the hikes were justified on war-driven inflation that should fade, while jobs keep getting revised lower, and that the bond market has already done the hiking for the Fed. Both hosts say the end of the war in Iran is the catalyst for a year-end rally. Daniel calls Micron the World Series of Earnings. He says the revenue growth came on roughly the same supply as a year ago, so the story is pricing, mix and margin, and that memory supply may stay tight until 2030. He expects Micron to use its growing cash pile to invest across the ecosystem the way Nvidia has. Shay walks through how much of the quarter came from pricing rather than bit growth and why the market still prices MU like a commodity. On SNPS, Daniel says OpenAI found that chip design tools cannot be vibe coded, and that GPT-Synopsys adds AI to the tools instead. He calls ServiceNow's Flow the right way to package vibe-coded software for the enterprise, and Shay calls NOW fair at 30x earnings. Shay calls AMD's World Labs deal a genius acquisition that ties model research to AMD's chip roadmap, with the payoff in products around 2028. Daniel reads NVDA's safety platform as zero trust for agents, which start with no permissions and are granted them, and argues AI companies should carry liability when their systems cause harm. The Q&A covers cybersecurity valuations, Muse use cases and why Apple should have built it, IREN's Horizon handoffs, why Shay bought Cerebras, Axon after the Flock backlash, oil and gas, SoFi, and Oracle LEAPs against its credit rating. The show is live every Friday at 1 PM ET. Bring your tickers and questions to the chat and the guys will take them on air. Chapters: 00:00 Episode 59: a week of AI agent safety headlines 03:50 The September jobs miss and the Fed 09:10 The bond market already hiked 11:15 Micron: the World Series of Earnings 21:13 Synopsys investor day: you can't vibe code EDA 23:54 ServiceNow Flow and vibe coding for the enterprise 26:37 AMD buys World Labs 30:06 Nvidia's open agent safety platform 35:01 Q&A: cybersecurity valuations 38:18 Q&A: Muse use cases and the product Apple should build 42:29 Q&A: IREN's Horizon 2 to 4 handoffs 45:24 Q&A: why Shay bought Cerebras 49:20 Q&A: Axon after the Flock backlash 51:24 Q&A: oil and gas, and SoFi 54:35 Q&A: Oracle LEAPs and the credit rating 56:05 Rocket Lab and the close #FuturumEquities #DanielNewman #ShayBoloor #Micron #AMD #Stocks 57:15 Micron guided $61.5B. OpenAI shipped agents. AMD bought World Labs. | Ep 59

Micron guided $61.5B. OpenAI shipped agents. AMD bought World Labs. | Ep 59

Futurum Equities October 2, 2026 10:15 pm

Meta got the re-rating both hosts called at the start of 2026. META closed Thursday up 27% from the day Muse launched on September 8, AMD crossed $1 trillion on September 21, and Micron reports a 14-week quarter on September 30. Daniel Newman and Shay Boloor take the three in order on episode 58, then take your questions. Daniel says the AI winner will be the company with the most compute and energy at its disposal. Meta kept buying CPUs, GPUs and its own accelerators while the market wrote it off, and Muse puts that compute to work. Muse is free up to 100 million tokens a week, with $20 and $100 tiers above that, and Meta plans to take a small fee on each transaction. Daniel calls the transaction model the move Apple should have made. Shay's four qualities of an AI winner are proprietary data, install base, compute and energy. He says Meta had three of them all along, argues it now deserves a Google-like multiple for a consumer AI product, and warns that the next quarterly report will not show any of it. On AMD, Shay counts 40x 2027 earnings against 15x for NVDA and warns that warrants held by Meta and OpenAI will lift the share count in any 2030 model. Daniel says the market treats Nvidia as the incumbent with everything to lose and AMD as the entrant with everything to gain, and that the stock is priced as if Helios, AMD's first rack-scale system, carries almost no execution risk. On MU, Shay explains why the guide could look light: fiscal Q4 had 14 weeks and Q1 has 13. He is watching strategic customer agreements, HBM4 share and capex timing, and has not heard one plausible sign that memory pricing power is eroding. Daniel says Futurum's 2030 CPU forecast has more than doubled since January, walks through the follow-up reporting on the Coxon post, and says every AI scare so far has ended in a rally. He is long VKTX after Viking's maintenance data and says Novo Nordisk should buy it. The Q&A covers DigitalOcean and its move past GPU rentals, Everpure after its investor day, the rest of the year with the 10-year at its highest since 2007, Shay's agentic AI picks for 2027, AI power and 800-volt DC, Muse against Grok, the Anthropic IPO, Amazon in 2027, and why crypto has not rallied more. The show is live every Friday at 1 PM ET. Bring your tickers and questions to the chat and the guys will take them on air. Chapters: 00:00 Episode 58: Daniel is back from Snapdragon Summit 04:09 Meta's re-rating on Muse 14:49 AMD at $1 trillion against Nvidia 22:31 Micron preview: the 14-week quarter 28:01 Futurum's CPU forecast doubled, and the Coxon post follow-up 34:54 Viking Therapeutics after its maintenance data 37:33 Q&A: DigitalOcean beyond GPU rentals 39:34 Q&A: Everpure after its investor day 42:48 Q&A: the rest of the year, the war and 5% yields 47:19 Q&A: agentic AI picks for 2027 49:25 AI power and 800-volt DC 50:38 Q&A: Muse or Grok, and the Anthropic IPO 53:07 Q&A: Amazon in 2027 and agentic commerce 55:29 Q&A: why crypto has not rallied 56:40 Micron's cycle and the close #FuturumEquities #DanielNewman #ShayBoloor #Meta #AMD #Stocks 58:28 Meta is up big on Muse. AMD is priced for no mistakes. Micron is next. | Ep 58

Meta is up big on Muse. AMD is priced for no mistakes. Micron is next. | Ep 58

Futurum Equities September 25, 2026 10:09 pm

Meta's Muse hit No. 1 on the US App Store ten days after launch, cybersecurity had its best week of the year on AI fear, and the Fed hiked for the first time since 2023 with both hosts on record for no hike. Daniel Newman and Shay Boloor open episode 57 a week after the pace the frontier call and grade what it changed. Daniel brings ETR survey data from about 50 enterprise CIOs: the buyers of AI are fine with a slowdown, want third-party evaluation, and will pay a premium for the testing. They cannot keep up with the releases, he says, and both hosts call the labs' slowdown push regulatory capture ahead of the OpenAI and Anthropic IPOs, which Shay has zero plans to buy. Nebius raised prices about 20%, Anthropic wants 5 gigawatts by year end, and Daniel repeats that the compute is the moat. Daniel calls the hike bullish for cash holders and a problem for anyone on a credit card or a 7.5% mortgage. Shay's rule is to separate demand from financing: the buildout does not slow, the neo clouds that borrow to build get replaced by Microsoft and Meta funding from cash flow. META is Shay's case of monetizing intelligence a company already owns. Muse turns a hotel ad into a booked reservation, which moves Meta from creating demand to participating in the transaction. Daniel calls it the Apple move Apple never made. Cybersecurity, the show's application winner call since the SaaSpocalypse, is now fully priced by both hosts' account. Daniel says the opportunity was the Mythos selloff. Shay holds CRWD and NET at about 8% of his portfolio, counts them at 100x free cash flow, and would not be surprised if they go nowhere for two years. His replacement trade is memory and power: MU, VRT, ON and NBIS, with SITM, AEHR and CRDO as the less obvious bottlenecks for 2027. Daniel backs memory, calls NVDA undervalued for the systems it builds, and puts META and GOOGL back on his list as stack owners. The Q&A covers whether the hike changes either host's buying, the 2027 themes, Daniel's long healthcare in OSCR and HIMS, ORCL as a 2028 story and a 0.3% trade, DELL at 21x against MU at 6x, and the first lightning round: short DELL and INTC, long MU and NVDA. The show is live every Friday at 1 PM ET. Bring your tickers and questions to the chat and the guys will take them on air. If this one helped, a like puts the show in front of more investors. Subscribe for next Friday's live, and tell us in the comments whether you are with Shay on memory or holding your cyber names. Chapters: 00:00 Episode 57: still standing after the slowdown week 00:30 ETR's CIO survey: enterprise buyers are fine with slowing down 04:13 Shay: enterprises will pay a premium for third-party testing 04:27 Open models at pennies on the dollar and the regulatory capture question 05:40 Shay: pure gamesmanship ahead of the OpenAI and Anthropic IPOs 07:21 Daniel: every FUD moment has been a buying opportunity 07:35 Safety needs more compute: Nebius prices, Anthropic's 5 GW, compute is the moat 09:19 All-In, Dreamforce, and why Meta and Google already went slow 10:58 Shay: the smog check analogy and zero plans to buy either IPO 12:31 Daniel: overcooked valuations and the calls we got wrong 13:35 The rate hike both hosts got wrong 14:29 Who the hike hurts: credit cards, car loans, 7.5% mortgages 16:45 Shay: higher for longer through 2027 meets the first AI job trim 18:33 Bad economy, good market: separate demand from financing 19:59 Housing volume, the oil shock, and a Middle East resolution 21:52 The bond market is trading the war, then Meta and Muse at No. 1 23:29 Daniel: Muse is the Apple move Apple never made 24:58 Shay: from creating demand to participating in the transaction 26:43 Daniel on Zuckerberg: right on compute, AI and agents 27:47 Cybersecurity: the application winner at COVID level valuations 29:10 Daniel: two pure plays, a small pond with big fish 31:04 Q: are cyber stocks still worth buying? Shay: overpriced 32:18 The opportunity was the Mythos selloff 32:49 Shay: CrowdStrike and Cloudflare may not move for two years, memory and power are forgotten 34:09 Daniel: software outside security, Nebius at 4x 2028 EBITDA, own the stack 37:33 Shay: the previous winners can be the new winners 38:51 Q&A: does the hike make you cautious? Shay's QQQ 21 week EMA plan 40:31 Daniel: a bullish hike, 95% invested 41:44 Would the market be red without a hike? Fed independence 43:05 Q&A: 2027 themes, AI power, SiTime, testing, Credo 44:03 Daniel: infrastructure, energy, and long healthcare 45:47 Q&A: Oracle is a 2028 story and a 0.3% trade 47:07 Daniel: the $650B backlog and the price leader's balance sheet 49:02 Q&A: Dell at 21x vs Micron at 6x, one of those has to be wrong 50:09 Daniel: Dell and HPE fully valued, Nvidia at $10T is only a double 52:10 Lightning round: short Dell and Intel, long Micron and Nvidia 53:28 Wrap: a quiet FOMC week #FuturumEquities #DanielNewman #ShayBoloor #AI #Stocks #Meta 55:26 AI labs asked to slow down. The Fed hiked. Cybersecurity won the week. | Ep 57

AI labs asked to slow down. The Fed hiked. Cybersecurity won the week. | Ep 57

Futurum Equities September 18, 2026 10:04 am

An AI doom post from a former Anthropic researcher passed 100 million views this week, and Daniel Newman and Shay Boloor open episode 56 by grading it against what got signed and reported. Oracle grew cloud infrastructure revenue 121%, Amazon tied warrants on Qualcomm stock to as much as $60 billion of chip orders, and Meta's Muse agent ranked fourth on Signal65's Pinnacle benchmark. Daniel reads the Jacob Coxon post as a media event with nothing actioned after the tour. Shay files it under the doomsday narratives the market has cycled through and names the risks he actually watches: power constraints, capital intensity and higher rates for longer. Oracle is the test case. Daniel calls 121% cloud infrastructure growth the pace setter among hyperscalers and still cannot get past the cash Oracle does not have. Shay says nothing in the quarter changed the narrative on ORCL: half of a $664 billion backlog converts inside three years, the GPU fleet runs at 98% utilization, free cash flow is still negative, and only time fixes the stock. That leads into the dislocation both hosts see in DELL at 23x forward earnings, more than NVDA, while memory names like MU trade as a commodity. Daniel's answer is cash conversion. Shay would rather own memory. Qualcomm's segment is Shay's frame: QCOM only has to be at the table, and AWS just gave it a multi-generation seat in custom inference silicon and 1.6 terabit optics. Shay reads the deal as bullish for the whole data movement group, CRDO, ALAB, AVGO and MRVL included. Muse sits fourth on Pinnacle behind three frontier models, and Shay's case for META is a move from monetizing intention to monetizing action. The Q&A covers what a Fed hike next week does to a capex pipeline both hosts call price inelastic, AeroVironment and Kratos after the drone selloff, Daniel's covered call and put spread playbook, Shay's rule of buying when the VIX is above 20 and his 10% cash position, the prisoner's dilemma that keeps every hyperscaler spending, and Apple as the safe haven with the largest install base. The show is live every Friday at 1 PM ET. Bring your tickers and questions to the chat and the guys will take them on air. If this one helped you separate the doom narrative from the receipts, a like puts the show in front of more investors. Subscribe and hit the bell so you catch the next live, and tell us in the comments whether you side with Shay on memory or Daniel on Dell. Chapters: 00:00 Episode 56: a new doomsday scenario in the AI narrative 01:27 Hike odds near 80% and Shay's 5 to 1 bet that the Fed holds 02:09 Leaving IREN without leaving the neo cloud theme 02:46 The Jacob Coxon post: a six week Anthropic hire goes viral 03:47 Anthropic's doom playbook: Dario, Mythos and the misuse report 06:55 Cancel the IPO or slow the buildout: Sacks vs Jensen 07:56 Daniel's Terminator thesis: humanoids plus autonomous weapons 09:36 Best case a slowdown campaign, worst case a psyop 10:08 Shay's list of doomsday narratives and the risks that matter: power, capital, rates 12:07 Nothing got actioned: the media tour and the follower count 12:47 Oracle: 121% cloud infrastructure growth and the cash it does not have 15:31 Shay: no narrative change, half the RPO converts in three years, 98% utilization 18:30 First to blink: why no hyperscaler can cut capex first 20:42 Dell rewarded, memory not: the market's dislocation 22:10 Daniel: Dell is the pick and shovel, Oracle's revenue moves right 23:40 Dell at 23x is more than Nvidia. Why not memory instead 25:50 Qualcomm and Amazon: Daniel on the deal and the abundance era 30:14 Shay: Qualcomm only has to be at the table, plus 1.6T optics 32:22 This will not be the last hyperscaler deal 33:34 Meta's Muse: fourth on the Pinnacle benchmark at a fraction of the cost 35:13 Shay: Meta from monetizing intention to monetizing action, 25x is fair 36:36 Amazon and Meta were the 2026 best ideas: taking the L 37:57 The Apple foldable, an engagement and Grandpa Dan 40:26 Q&A: does a Fed hike slow the AI capex pipeline 43:56 Shay: strong commitments hold, tier three neo clouds get dinged 45:48 Q&A: AeroVironment and Kratos, record backlogs in a broken down group 47:49 Anduril's IPO as the drone trade's SpaceX moment 48:49 Q&A: Daniel's option spreads and covered call playbook 51:50 Shay: buy above VIX 20, 10% cash in each portfolio 53:02 Q&A: the capex prisoner's dilemma and the earnings bubble 56:16 Apple as the safe haven with the biggest install base 57:30 Wrap: Fed week ahead #FuturumEquities #DanielNewman #ShayBoloor #AI #Stocks #Oracle 57:41 The AI doom post passed 100M views. Power and rates are the real risk. | Ep. 56

The AI doom post passed 100M views. Power and rates are the real risk. | Ep. 56

Futurum Equities September 11, 2026 10:16 pm

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