THE AI BUBBLE IS BURSTING? ⚠️ 4 Tech Stocks I’d Hold No Matter What

Summary

Earn Your Leisure Podcast: “THE AI BUBBLE IS BURSTING? ⚠️ 4 Tech Stocks I’d Hold No Matter What”

Date: July 18, 2026
Hosts: Rashad Bilal, Troy Millings, Ian, Sean
Podcast: Earn Your Leisure (iHeartPodcasts)

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Episode Overview

This episode tackles the hot topic of whether artificial intelligence (AI) is in a “bubble” and if that bubble is popping. The hosts analyze whether current AI hype matches real-world results, dig into recent warnings from tech industry heavyweights, debate what constitutes foundational value in AI tech, and—most importantly for listeners—share the tech stocks they’d still hold “no matter what.” The conversation blends practical stock market advice with real talk about AI’s capabilities (and limitations), all in the show’s signature energetic, collegiate tone.

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Key Discussion Points & Insights

1. Is There Really an AI Bubble?

• Sean opens by questioning the use of the term “bubble” in reference to AI, arguing that while AI hasn’t delivered on all its promises, it’s not necessarily in a speculative bubble—a distinction often forgotten when drawing parallels to the dot-com era.

  “Bubble. No, I think people forget even in the dot com era it took a while for things to be calibrated.” — Sean (02:20)

• Ian references Jeff Bezos’s bulldozer analogy to illustrate how AI will accelerate—not replace—work, fundamentally altering how things get done rather than eliminating the need for human workers.

  "Think of AI as a bulldozer. ... The actual tasks won’t be replaced. How we get the tasks done will be altered. So companies will survive. Some will falter. But that’s business and that’s what happens inside of revolutions." — Ian (04:17)

2. Enterprise Distrust in AI & The Alex Karp Rant

• Clip of Alex Karp (Palantir CEO) on CNBC:
  • Karp highlighted two major enterprise AI issues:
    1. Data security and IP risks: Enterprises don’t trust outside AI vendors with proprietary data.
    2. Owning the AI stack: Big companies want control—from compute to models to data—since that’s where the real edge lies.
  • Key quote:

    “Safe because it doesn’t touch your unlearning data. Safe because it prevents the large language model from caching your data and replicating your business. Safe because it doesn’t transfer your IP.” — Alex Karp (06:45)

• Hosts’ Reaction:
  • Many “AI” companies are not fundamentally sound; slapping “AI” on a business isn’t enough.
  • Content creation example:

    “AI cannot create content. If it did, everybody would be a content creator.” — Troy (07:23)

3. “The Idea of AI Is Ahead of Reality”

• Capacities and Limitations:
  • Hosts share experiences attempting to automate or offload work using AI—it hasn’t lived up to dreams of “business on autopilot.”
  • Large Language Models still require human supervision and input.
  • Even the top tools, like Opus Clip and viral AI-driven content accounts, require significant human direction.

    “As far as the hands-free pilot, I’m chilling, autonomous AI is doing everything for me—that hasn’t happened yet.” — Troy (13:08)

4. Timeframe and Investment Reality

• Long Arc of the Tech Revolution:
  • We’re in early innings—returns on huge AI capital expenditures haven’t fully materialized yet.
  • Infrastructure, energy, and killer applications are still maturing.

    “We haven’t seen the revenue generated from the spend in AI, and that takes time.” — Ian (15:13)

  • Models (like OpenAI, Anthropic) keep advancing—what’s “best” today could be dethroned tomorrow (see the rise of Anthropic).

    “In a year we might not even say OpenAI is our leader. It might be something different.” — Ian (18:19)

5. Tech Stacks and Monopoly Power

• Owning the Full Stack:

  • Very few companies (Microsoft, Amazon, maybe Google) have the resources to fully own their AI infrastructure.

    “How many companies can afford to keep the entire stack?... Three. Maybe not even Google.” — Ian (20:05)

• Monopoly Dynamics:

  • If only a few can do it, winner-take-all risk becomes real: “It become[s] not a monopoly, but ... it is a monopoly in a sense if I’m doing everything in-house.” — Ian (23:19)

• Nvidia’s Moat:

  • AI is software, but the companies selling the “picks and shovels” (hardware, chips, core infrastructure) win.
  • Nvidia is “a beacon of safety,” with governmental moats, control over both software and hardware, and unmatched demand.

    “That’s why the suppression of Nvidia... If we argue moats, they literally have governmental moats on both sides. They have the spend, they have the hardware, the platform, the partnership and likability.” — Sean (25:16)

6. Which Tech Stocks to Hold No Matter What

• The Big 4 Tech Stocks (recommendations for long-term holding):

  • Nvidia (NVDA)
    • Still seeing massive demand, especially for AI compute.
    • Hosts expect continued upward movement despite recent consolidation.
  • Taiwan Semiconductor Manufacturing Company (TSMC)
    • Produces ~80-90% of the world’s semiconductors; its demand reflects overall tech sector health.
    • “Last quarter they said Nvidia’s orders were in such high demand that they passed Apple as their number one client.” — Ian (27:21)
  • VO/QQQ and broad-based ETFs
    • Diversified, low-drama core portfolio stocks.
  • Add-on exotics: TQQQ, TECL (higher risk, higher reward, not for everyone)

  “You only need four that you’re going to marry... Your core four have to be ones that you never... you never wake up in the middle of the night worried about.” — Sean (29:01)

• Invest Versus Gamble:

  • Patience yields the real payoff—citing the example of holding 80 shares of a stock that turns into 17,000 post-splits over a lifetime.

    “There's only upside potential if you're holding equities for a long period of time. ... My question for you is why are you not executing? ... If you gamble, you deserve to be broke. I think you deserve to be rich and wealthy—hold for the long-term.” — Sean (29:51)

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Notable Quotes & Memorable Moments

• “We still don’t have the Jetsons car that we’re supposed to have 25 years ago. Still waiting for that to happen.” — Troy, reflecting on expectations versus reality, (13:06).
• “The idea of AI is ahead of the practicality of AI.” — Troy (14:28)
• “If that model was that great, you would have traded arbitrage every day to not raise capital. That was the first sign to me this wasn’t working.” — Sean, on the gap between AI promise and business reality (17:39).
• “For those who don't know, AI is software.” — Sean (23:41)
• “People are just chasing a return and I’m chasing quality.” — Sean, on investment philosophy (25:16)
• “TSM should be at $600 in 18 months and we can argue if it was American born bred, it probably [would] be number one.” — Sean (28:39)
• “If you want to gamble, you deserve to be broke. I think you deserve to be rich and wealthy—hold for the long term.” — Sean (29:51)

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Key Timestamps

• 02:12 — Kicking off the “AI bubble” warning topic
• 04:17 — Bezos “bulldozer” analogy and AI’s real impact
• 06:19–07:23 — Alex Karp CNBC rant clip and enterprise AI skepticism
• 08:15–14:11 — Real-world use cases for AI (and where they fall short)
• 15:08–18:50 — How far are we really from true AI autonomy/promise?
• 19:56–21:05 — Stack ownership, monopolies, and the limits of most companies’ AI ambitions
• 25:46–29:51 — The “four stocks” philosophy and why long-term holding wins

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Summary Takeaways

• While the AI revolution is real, most promises remain in the “idea” stage—businesses and society have yet to see the large-scale, hands-off automation touted by the hype.
• Only a handful of companies have the resources to build and own the full AI stack—making picks like Nvidia, TSMC, and the major ETFs smart, patient bets.
• The best strategy: Ignore the noise (“AI bubble!” panics), focus on quality companies with real moats, and hold steadfast for the long-term.
• The “AI bubble” isn’t so much a bursting as it is a process of weeding out the hype from true foundational builders.

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Final Note:
This episode delivers the EYL blend of honest skepticism, optimism about innovation, and practical investment counsel. Whether the AI bubble is “bursting” or not, the path to wealth is holding strong positions in real companies doing the hard work beneath the hype.

Transcript

[Ian]

This is an iHeart podcast. Guaranteed Human earners.

[Troy]

What's up?

[Ian]

Look, building wealth isn't just about making money.

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It's about knowing where your money is working for you.

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[Ian]

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[Troy]

AI bubble warning. There's been a recent AI bubble warning issued a new one. What's your thoughts on this?

[Sean]

I don't know if bubble is the right term, but a few institutions have issued this warning. We'll get to Alex in a second. I do think that the AI Promise has not been delivered. Like I asked the question last week and it was slightly controversial for whatever reason after but shout out to everyone at Microsoft. I love you guys silly from the bottom of my heart. One of my favorite companies of all time. Shout to one of my favorite CEOs ever better than Tim Cook, et cetera, et cetera. You can't run your business off copilot like for all the automations that we have and shout to perplexity and everything's tied on. Shout out to Alicia Little. Still to this day I can't set up all these agents and then just go off to Mexico and do no work for two weeks and come back and the agents have everything done. The first company that provides that kind of premise and return they're going to and as a result with even AI not delivering as as well as it should, it's obliterated the software category. So bubble. No, I think people forget even in the dot com era it took a while for things to be calibrated. I don't think it would take that long but I think we may be three or four years off from having systems of scale and tech at scale that really allows you to offload your workforce and the cost isn't so high to be able to do so. So I wouldn't say bubble but it hasn't delivered on the return that it was initially promised. If you can lay off your workforce and enjoy more of your life and be off grid and just let LLMs running in the background like that premise isn't there. Like I don't. Do you guys know of anyone? I've asked this question to probably 200 people over the last year. No one is just leaving their business to be run solely by LLM.

[Ian]

Yeah, yeah, the, the idea, I mean I think one of the the greatest minds that has lived through both and his business has been benefited tremendously because of it. Spoke on this recently, Jeff Bezos was asked about the bubble and he said I want you to think of it like this. Right now businesses are being done in terms of picks and shovels, right? Like people are manually doing the work. He said think of AI as a bulldozer. So if you were digging with a pick and a shovel, well, a bulldozer is about to come and make everything happen a lot faster, more efficiently and have more skill. And so the actual tax won't be replaced. How we get the task done will be altered. So companies will survive. Some, some will falter. But that's business and that's what happens inside of revolutions, especially in the technology space. And he has a great vantage point because in 1997, yeah, look at what his company was. And in 2026, obviously he's not the CEO anymore, but look at what that company has grown to. Right. Because he was able to adapt, he was able to use the technology to his advantage and he was able to scale it. So that's how we got to have to look at it. The AI bubble. We've been talking about this thing for at least 18 months now, man. I'm like, okay, okay, if there's going to be a bubble, let's find the companies that are going to be here when this so called bubble burst. Who will be the standing companies? I think we were spot on with the ones that we've been saying for sure, time will tell and I think we're going to be on the right side of it.

[Sean]

Sean, what are your thoughts?

[Troy]

Bubble is relative. I feel like, yeah, there's a lot of companies that. Well, this actually leads to the Alice Carp clip. Let's actually look, let's play this, let's play the clip from Atlas because this kind of just leads into this conversation.

[Alex Karp Clip Narrator]

The Alex Karp go on CNBC last week and torch the entire AI business model. Like Becky Quick had to stop a mid rant. Like, you sound pretty angry. And his response, this is the voice of American Business Channel through me. I mean his rants are usually pretty epic, but I think he hit on two sticking points that are really decide how AI diffuses through the economy. Number one is that enterprises are losing trust in a lot of these AI model companies, he's saying, because they're not safe. And safe is a little bit different than you think. So let's hear him out.

[Alex Karp]

Safe because it doesn't touch your unlearning data. Safe because it prevents the large language model model from caching your data and replicating your business. Safe because it doesn't transfer your IP of how to fight secret data, top secret data or in a clinical context.

[Alex Karp Clip Narrator]

And the second is that a lot of these large enterprise customers are now wanting to own the entire AI stack. Compute models, their data, all of it. Again, take it away, Alex. Here's the structural problem that he's calling out. Your edge as a company depends on that proprietary data. Your AI vendor depends on their models getting smarter. And how do you think they do that? So there's a collision course because the labs aren't just selling tokens anymore. They're not.

[Troy]

Okay, so Alex Carp, he went on a whole rant on CNBC about AI, his frustration with a lot of AI companies and, you know, he's been known to go on rants from time to time about a variety of different things. Okay, so back to the AI bubble thing. AI bubble, yeah, for sure. Because a lot of the companies are not built on anything found fun, foundationally strong. They're just putting AI in front of their name or just saying, are we going to do this, are we going to do that? Like you said, I personally have yet to see AI do a variety of different things that people think it can do. Even if you look at our world, AI cannot create content. If it did, everybody would be a content creator. Yeah, I know, I know. This first.

[Ian]

Is it yet or just.

[Troy]

Well, until, until it's done. It. We can't, we can't. It, it can help you make content.

[Sean]

Yeah, it can't make it. It can't future project. It can go off the past.

[Troy]

It can make content. It's not, it's not, it's not good. It's not good enough.

[Sean]

Not great.

[Troy]

It's not great. It's not great. But I can't. You would think, okay, I could just make. I don't think I do no work. I could just make a video. I'm going to have AI cut up and then it's going to get a million views and that's going to be my pathway to become the next Logan Paul. It has not happened.

[Sponsor Announcer]

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[Ian]

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[Ian]

Look, building wealth isn't just about making money.

[Earners Host]

It's about knowing where your money is working for you.

[Empower Representative]

That's why we partner with Empower. Empower is all about helping you invest

[Sponsor Announcer]

well so you can go out and

[Ian]

live a little bit.

[Sponsor Announcer]

Their free Empower Personal Dashboard gives you a complete view of your financial life in one place.

[Earners Host]

Track your net worth, monitor your budget,

[Sponsor Announcer]

analyze your investments, set retirement goals and more.

[Empower Representative]

You've worked hard for your money, now

[Earners Host]

make sure it's working hard for you.

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Download the Empower Personal dashboard or visit empower.com not an empower client, paid or sponsored.

[Sean]

And I like Opus Clip but it's

[Ian]

not what happened for I just. Who's happy for I just watched AI travel channel that has like 10 million followers completely made up. She goes in history and takes you through history and it feels like I follow that page. Yeah, you follow that page. So like yeah, yeah.

[Troy]

But even that, that's different. That's utilizing AI to give you like we have a French market.

[Ian]

I'm not saying like what we do but like in terms of content we

[Troy]

can say that we. Because we use AI for our content. So, so we had French Montana episode a few of those clips. One clip went viral, had a million views. We use AI in it because it's narrating, telling the story. That's different. That's still a editor that's actually knows what they're doing. That's placing AI in it utilizing that's still work involved. I'm saying as far as the hands free pilot I don't got. I'm chilling. Autonomous AI is doing everything for me that's not. That hasn't happened yet. So okay. The idea of AI, I think is ahead of the reality of AI. The idea of AI is ahead of the reality AI in a lot of different, in a lot of different places. We still don't have the Jetsons car that we supposed to have 25 years ago. Still waiting for that to happen. There's still pilots in, in the sky. We're supposed to have autonomous planes by now like commercial. I mean that's what, that's what you would think would happen at this point in time in 2026. Like that's, that's, that's what was the promise based on.

[Sean]

What was that in 90 the justice came out almost 70.

[Troy]

Exactly.

[Ian]

I'm saying AI the, the, the current state of AI the revolution that has happened over the past three years. What is what like we're just doing large language models right now. So like what are you basing that off?

[Troy]

Even the large language models are still being prompted. So what I'm saying like what Ian said, there's still a person attached to it. This idea that humans are going to be not needed anymore. That's the narrative that's been pushed a lot. Humans will be no longer needed. I haven't seen that. I haven't seen that the idea of AI has gotten ahead of the practicality of AI. Of course AI is going to be here. AI is going to change the world. AI is changing the world every single day. But there's a lot of companies that's just coming up with random ideas for AI and it's not going to work. And when that happens, a lot of these companies are going to fall by the wayside.

[Sean]

And I'm not sure I agree, but. Okay, tell me why, Troy.

[Ian]

Well, I think we're so early inside of it. I think the argument that's fair to make is that we haven't seen the revenue generated from the spend in AI and that takes time. Yeah, right. So we're still, we still have infrastructure yet we still don't have energy yet. The applications are still trying to. Software hasn't even been put out. Yeah, you have a few models, platforms that you use. You have five now. But like that's drastically going to change in the next five years. Right. So I think we're so early that that argument I think still needs time to come to fruition. Right. Like obviously Agentic will be here at some point in the near future. Autonomous, that's it's going to happen. It's going to take time for it to happen. I think that the fair argument from my standpoint would be, and I could agree and kind of what Alex is saying here is yes, the spend and the capex, where's the return? The other part for a lot of companies yet.

[Sean]

Right.

[Ian]

You can't, you wouldn't say that for Micron there's been a return.

[Sean]

Yeah, I said they were the smart them, SK, Hynix, Nvidia. But the premise of. Yeah, but for open AI, like I've been using chat since 20 end of 21 or 22. Even the premise there on the business side or consumer side, a lot of the stuff that it said it could do, it hasn't been able to do. Even like when Charlamagne made that post like Ian, you're in trouble. Open AI out and show us like, no, you need human intuition, like it can. And Even for investing OpenAI, when you prompted it last Invest Fest for what the next stocks were going to be, it got all of them wrong. So I think there's a way to go. But I think the initial premise and promise for what is being spent in terms of like he talked about token pricing and then the thing I've been always asking, how do you get 5 extra I said it with OpenAI. Okay, going to. Okay. Why you need to sell 5% of open a off to the government if you got a machine that could replicate God. Well, you're bullshitting on one side or another.

[Troy]

And it's just Elon Musk. You change a company from a car company to a robotic company, there's no need to have 100 million humanoid robots. Not going to happen. It's a fairy tale. That's a fairy tale. It's not gonna happen. It's never gonna. It's not gonna happen.

[Sean]

Because if that's the case, they would have just traded the arbitrage on if the model was that great to open the shot to open air. But if the model was that great, you would have traded arbitrage every day to not raise capital. That was the first sign to me this wasn't working. That's why dropping does not have that issue.

[Ian]

I that's why I think the key word is yet. Right? Because the one thing that we do know about the models is that even as we're talking, they're getting better.

[Earners Host]

Right?

[Ian]

And so three years ago we sat here to a T like you said open AI would lead. You said open AI would lead. Is it our leader today?

[Sean]

No, it adjusted. And I was just.

[Ian]

That that goes to the case that that models are getting better.

[Earners Host]

Right.

[Sponsor Announcer]

In a year we might not even

[Ian]

say open AI is our leader. It might be something different because something would have surpassed it. So we're still early in this.

[Sean]

I think they already been surpassed. And I brought up the. And also too, the Elon. That's why I always be telling y' all that beef. It doesn't help. The Elon battle destroyed the company because the length he was willing to go. And then here comes Anthropic. They take the lead. The model is back anytime they get to asking for that 200. So I'm happy with it.

[Ian]

And that kind of ties back into the Nvidia piece.

[Sean]

Right?

[Ian]

I'm going to put the capital. I'm going to give the compute and let's see who comes back with the thing that is going to lead. I think that the Alice, I watched that thing live. So it's a. If you haven't seen it, it's a seven minute segment. But I'm glad we cut this piece because he keeps bringing the word up. Safe, safe, safe. And if you think about safe, I keep hearing him talking about. In my mind he's talking about his own company. Why are we getting. Why are we getting beat when these People aren't making money. And we have the idea and the platform and the technology to keep.

[Sean]

He was talking his own book for sure, right?

[Ian]

We want to keep you safe, right? We have the government contracts. Our platform is the place. Those applications aren't ready yet. These people are trying to spend and spend. Now the AI model is, hey, we're going to build inside of our in house. Which again, two things can be true. Because I just read the report that Broadcom and Google. Google might say, hey, you know what? We're going to use our own silicone to build our own tpu. We may not need you anymore. At the same time, Apple says, okay, cool. Broadcom, you're going to be our partner into 2031.

[Sean]

Right?

[Sponsor Announcer]

So people are saying, how can we

[Ian]

keep the stack inside? The problem with that theory is that how many companies can afford to keep the entire stack?

[Sean]

Not many.

[Sponsor Announcer]

Three.

[Ian]

Three? Maybe not even Google.

[Sponsor Announcer]

Amazon, maybe.

[Amazon Health AI Voice]

Earners.

[Sponsor Announcer]

What's up? Look, you probably think of Walmart as the store that carries just about everything under the sun and maybe not as the place to discover small brands. Well, two things can be true at the same time, because Walmart is home to thousands of small brands founded by people who had an idea, took a chance, and built something of their own. Behind everyone is a real story and a lot of hard work. So why not take a little time to recognize all the people building small brands across the country and support everything they're creating? Walmart is proud to give those brands a place on its shelves. And online, it's never been easier to find and support small brands. So take a look at Walmart. You might come across something new, something unexpected, or a brand whose story speaks to you. You never know what you're missing until you look. Discover thousands of small brands. At Walmart.com we talk a lot about ownership. And one of the most important assets

[Ian]

you can own is your digital real estate.

[Sponsor Announcer]

Too many entrepreneurs rely on social media platforms they don't control. Your website should be the center of your business. Framer helps you build a professional website without all the friction. And it's more than a website builder. It's a complete website platform. Your entire team can collaborate in real time, make changes instantly, and publish updates in minutes instead of days. Framer's AI agents work alongside your team to create content, refine pages, manage your cms, and optimize your SEO all in one place. And because everything stays editable on the same canvas, you maintain complete control over what goes live. That's why everyone from startups to Fortune 500 companies and brands like Perplexity and Miro trust Framer to power their websites. Learn how you can get more out of your site from Framer specialists or get started building for [e-mail] earn for 30% off a Framer Pro annual plan. That's Framer.com earn for 30 percent off Framer.com earn rules and restrictions may apply. Earnest what's up?

[Ian]

Look, building wealth isn't just about making money.

[Earners Host]

It's about knowing where your money is working for you.

[Empower Representative]

That's why we partner with Empower. Empower is all about helping you invest

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[Troy]

Amazon Health AI presents painful thoughts why

[Amazon Health AI Voice]

did I search the Internet for answers to my cold sore problem? Now I'm stuck down a rabbit hole filled with images of alarmingly graphic sores in various stages of ooze. I can clear my search history, but I can never unsee that.

[Troy]

Don't go down the rabbit hole. Amazon Health AI gets you the right care fast. Healthcare just got less painful.

[Sean]

They'll put up some money, but they won't.

[Ian]

But they won't. So that's such a limited space of how many people can actually do that, right? So it become not a monopoly. But I mean it is a monopoly in a sense if I'm doing everything in house. So he, he's saying the right thing, but he's also promoting what they do, right? Because he's why? Why is the software space getting beat down?

[Sean]

AI is software. That's the other funny part of that equation. For those you don't know, AI is software. But going back to the picks and shovels. Yeah, Micron, amd, Intel, when they got selected, they made a great return on Capital Conversation Put this in chat. Every business is in a hedge fund business. How much money can I make you? How much can I save you? How reliable can I be if I made you money? Please put yes in chat. What OpenAI has not done, they haven't done a great job of letting the consumer base know how much easier your life can be. Even like when Open Claw came out, that was an issue. Deep Seq was an issue. And then also too we haven't had an American company that is open sourcing yet. That's the real Trojan horse and threat. Yes, that could lead to enterprise growth. Kind of like. But now we get into the Microsoft, we're going to open source it and let you be in our ecosystem. But we're open sourcing. There's going to come some IP and idea theft. It happened with Word. For those you don't know, like, even though Microsoft, my biggest favorite company of all time, the origins are still nefarious.

[Ian]

So even if they open source, what platform will they build on? What's the first place, where's the first place they going?

[Sean]

You got to go home, you got to go to the mothership.

[Ian]

So even open source, right, you can see Cuda still being the software that they're going to build on.

[Sean]

You got to go to the mothership. And that's why the suppression of Nvidia. If we argue moats, they literally have governmental moats on both sides. They have the spend, they have the hardware, they have the platform, the partnership and likability. I don't get the compression, I really don't. But it's going back to. People are just chasing a return and I'm chasing quality.

[Ian]

I saw somebody in the chat said 300 by end of the year. I'm not mad at Nvidia at like in the 270s by the end of the year. I can, I can see the path for it, the consolidation now. Is it frustrating? Yeah. What's also frustrating is that people tell me like, yo, Nvidia doesn't move. I'm like, what, what are we talking about?

[Sean]

Like, yeah, because everybody, everybody's looking to trade, they're not looking to invest. And that breaks my heart because it's going. You're gonna see me in like, and one of them other countries with another place. And you're like, man, I should have listened. You should have. You should have. It doesn't move for the gambler in you if you have some capital in it. 50 grand, 100 grand, 200 grand. It is a beacon of safety for sure.

[Troy]

What's the outlook for tsm?

[Ian]

TSM is for those not in the know, the number one manufacturer and packaging company for, for semiconductors in the world. I think at this point they produce 80 to 90% of the world's semiconductors. And so when I talk about my favorite companies, this is at the top of the list. When we talk about the most important companies, obviously at the top of the list, they report on the 16th, which I believe is Next Wednesday, early expectations right now they're looking at a 50% jump in revenue which is absolutely ridiculous. The, the future guidance looks like they're going to increase it as well. I think TSM and I like that it reports early, it reports before everybody because it will tell us are they

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getting orders from Nvidia?

[Ian]

How high? Last quarter they said Nvidia's orders was in such high demand that they passed Apple as their number one client.

[Sean]

Right.

[Ian]

So much so that TSM said, okay, we've got so much demand that we might have to offshoot some of our demand to some of these companies. Which is why we talked about Amcor as a company that's going to be a beneficiary of that. There's another company but South Korean one ACI that we can't directly invest in. So we'll go with Amcor for now. But that demand story will be on the forefront. Is Nvidia still having that same level of demand? Is Apple's demand? Is the appetite still? There is AMD's demand. So there AMD is like, I mean we quite was up $20 today, just quietly at over. I think it was at 570 today. What does that demand story look like? You're going to see the AI hyperscalers come to the forefront and if TSM is able to say hey, demand has peaked again now we're going to see another start of ticking up of that semiconductor space in the technology space. Because capex hasn't slowed down. In fact it's getting increased. The demand hasn't slowed down. Have companies pulled back?

[Empower Representative]

Yeah.

[Sponsor Announcer]

Have people taking profits?

[Ian]

Yeah. You know my favorite question, has the story changed?

[Sean]

No. TSM should be at 618 months and we can argue if it was American born bred, it probably be number one,

[Ian]

we getting closer for real like hold

[Sean]

for the long term. And before we wrap, I don't know if we close to rapping. Please put this in chat. I only need four stocks to hold on to for a lifetime. I had an interesting conversation with a brother in stock club, his granddad in 1980. Shout to stock club put yes and chat. If you saw it in telegram, 80 shares. If you would have held it through all the splits would have turned into 17,000 shares. So even in the desire to want to sell off early, some of these companies are going to have to split and then you go from having 100 shares to a thousand shares or 100 to 500. There's only upside potential if you're holding equities for a long period of time. You only need four that you're going to marry. Like even Rashad talked about it earlier. Even with qqq, you can't go wrong. I know some of you go, what about tqq and what about tecl? Yeah, you can add the exotics on top of it, but your core four have to be ones that you never like. You never wake up in the middle of the night worried about VO or VTI or VUG or qqq. You only need four. My question for you is why are you not executing because you want to gamble. And if you gamble, you deserve to be broke. I think you deserve to be rich and wealthy whole for the long term. But at this point, I'm being real. Do what you want to do. If you want to blow through your money and mess up your money, I'm not. If you want to, I love that for you.

[Ian]

You're right, you're right, you're right. Have it your way.

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[Ian]

Look, building wealth isn't just about making money.

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It's about knowing where your money is working for you.

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That's why we partner with Empower. Empower is all about helping you invest

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well so you can go out and live a little. Their free Empower Personal Dashboard gives you a complete view of your financial life in one place.

[Earners Host]

Track your net worth, monitor your budget,

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analyze your investments, set retirement goals, and more.

[Empower Representative]

You've worked hard for your money, now

[Earners Host]

make sure it's working hard for you.

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Download the Empower Personal dashboard or visit empower.com not an empowered client, Paid or sponsored when traveling for events or festivals throughout the country, every dollar matters. We compare flights, prices, hotel rates and restaurant options. So why wouldn't we compare rides? Personally, I always check Lyft before booking a ride. Prices can change throughout the day depending on traffic, weather and what's happening in the city. If you're headed to a concert, out to dinner, or catching up with your friends on a Friday night, taking a few seconds to check Lyft could leave you with more money to Enjoy the experience. Save money.

[Ian]

Check Lyft.

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[Ian]

This is an iHeart podcast. Guaranteed Human.