You have been thinking.
Just broader than the chip infrastructure you've been thinking
about and energy needs, for example, how are you seeing this broadening out?
Good morning. Great to be here today.
Well, you know, I think that the air

trade continues to chug along.
We might have some blips in the road and feedback on trips and things like this.
And you know, so much in terms of the near-term performance on semiconductors
and tech will be hanging on in the video

and video earnings.
But there's more to do, right? So if we think about where AI goes in
the future and how it can continue to broaden out and develop how you need the
energy to essentially power all of these different things that we're doing,
you know, whether it's cloud, whether

it's data centers, whether it's AI or
crypto mining, whether it's quantum computing and supercomputing, you're
going to need these companies like Vistra, like Constellation Energy or
NOVA, like there's power that has to

come into play here in order for this steam to continue to work. And so I love the air trade, which is
classically chips, right? But now I'm going down the line and I'm
saying, like, what else matters? 

I think quantum computing matters.
I think AI and and it's it's power sources matter.
I think Tesla connectivity matters and things like this.
So we'll go back to looking at those mobile and broadband providers.
So the air trade is is, you know,

diverse, let's just say, and I think
it'll broaden out. Why does quantum matter to you and how
do you play that? Yeah.
So content matters, I think, because, you know, so first when we say quantum,
we think of supercomputers, right?

Basically computers that are able to
process data at, you know, these insanely fast speeds so that the data
can be utilized, whether it's through, you know, medical research, whether it's
through robotics and surgery, you know,

banks analyzing risk, aerospace and
defense. So in order for A.I.
to work, you need the data to be processed and it has to be processed
efficiently and it has to be processed quickly.
And so, you know, I think a big future

development that we'll see is is
supercomputing and quantum computing. So you can use a quantum ETF, you can
use companies like IonQ. You can look at companies like D-Wave.
I mean, they're all pretty small cap

companies, but this is kind of when you
start looking at them right in their infancy.
People started looking at Palantir a while ago and boy, has it ridden the
wave. And I know this is a name that you've
thought about a lot, and it's getting

caught up in a lot of volatility down on
today after a big run up on Friday. How did you play Palantir and and Dr.
Karp's vision? Yeah.
You know, I think you just named the the new, you know, the new kid on the block
after Nvidia.

Right.
So Palantir, I think is, is likely going to be the stock of the next couple of
years that people really look at and that's because of their role in aerospace and defense. You know government funding and things
like this will go their way.

I think it's a pullback like any
other. And I think it's a definite, it's an
opportunity to buy on a dip. This is a stock that, you know, I think
people traded ahead of that Nasdaq

inclusion.
And so, you know, they did pretty well with that.
It's kind of a natural relief to take a little bit of profits and, you know,
hold that name for the longer term. But I'm not worried about the pullback.
I just think it's an opportunity to get

in again.
I mean, talking of pullback, you would just talk about Quantum name Iron Q and
that's having a big pullback on the day as well.
And how do you ride those bouts of volatility?
Is it that you just cannot be in a one

name?
You do go broader, like with the ETF perspective, or do you have to be
willing to take such downs when you are on a longer term?
The direction is higher. So, I mean.
We launched an ETF on this for that

reason.
Like the ticker Quantum, we hold all of these stocks in there.
And you know, to answer your question, we did it for that reason, right?
You want that broad based exposure. So you want exposure to, and video to
M.D.

to to Microsoft, to Alphabet, to all of
these companies that have, you know, robust and quality balance sheets that
that serve as a ballast for any kind of volatility.
And then you get the smaller names in there like the D-Wave, the, you know,
Ambarella, the Iron Qs and some of the

smaller companies out there that are
more volatile. Right.
So kind of smooths out the ride. But when they get their opportunity to
shine in the sun, you know, they take off and they take off big.
So if you look at the performance chart

for Iron Q, you know, it's kind of
fairly, fairly decent path. They're not on like Palantir in recent
days, right? It's just been kind of running straight
up. And I think same thing.
I think investors are taking a little

bit of profit off the table.
But how do I think about this? I'm a long term investor, right?
So I buy these stocks and I hold them for for years and years.
That's how long I think it's going to play out.
Right.

And so I'm not so worried about these
these moves. I just kind of dabble back in when they
pulled back. So you've been talking about crypto for
a long time as well. And I'm just I mean, how have you
written this wave?

How you thinking about ensuring that
you're not too overweight? What has been a phenomenal run up?
Yeah. So a couple of years ago, I was actually
talking with you guys. I think I said that, you know, crypto's
probably going to hit 100,000 in the

next couple of years.
There is a solid year there where I was getting a lot of emails.
Like, "So much for that, right?" We're going to pull back by.
But here at I don't want to leave. I've said that and have, you know, even
higher targets.

Right.
But I, I play crypto through MicroStrategy.
I think that the latest election of President Trump is actually going to be
great for crypto. You know, people kind of ask like, well,
what changes? You know, deregulation changes, tax cuts
change.

But, you know, if you also have a
president that's kind of open to deregulation, you know, that could mean
more products that are filed, you know, a change up in the FCC. It could mean
potentially holding crypto on the

government balance sheet, like you don't
know where this can go. But I think overwhelmingly there's a
there's an optimistic and positive view on cryptocurrency going forward because
of the recent election. And not to, you know, not to mention that
crypto has just been on a tear anyway,

right.
For the last year. Risk asset, strong economy, you know, tech
is doing well. I kind of throw crypto in that bucket
and you know, it's been a good, a good trade for a lot of investors.

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