NVIDIA Posts Earnings. Wall Street Says “That’s It?”

Summary

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Motley Fool Money Podcast Summary

Episode: NVIDIA Posts Earnings. Wall Street Says “That’s It?”
Date: February 26, 2026
Host: Tyler Crowe
Analysts: Matt Frankel, John Quast

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Episode Overview

This episode focuses on the latest earnings reports from NVIDIA, Mercado Libre, and The Trade Desk. The analysts discuss whether mind-boggling growth numbers still impress Wall Street, probe long-term risks for leading tech stocks, and debate the shifting narrative around other investor favorites. The discussion is rich with data points, personal investing perspectives, and healthy skepticism over valuation, margin sustainability, and growth quality.

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Key Segment Summaries and Analysis

1. NVIDIA Earnings – Growth Still “Wows,” But The Market Is Hard To Please

[00:06–04:42]

• Headline Reaction: NVIDIA posted Q4 and full-year 2025 results, with shares down ~4% post-earnings despite reporting 73% year-over-year revenue growth.

  • Tyler summarizes: “Apparently 73% year over year growth for revenue doesn’t wow anyone anymore.” [00:54]

• Staggering Numbers:

  • John marvels that NVIDIA’s growth is accelerating, expecting 77% next quarter.
    • “Nvidia for the year it just reported $216 billion in revenue. It added $85 billion in revenue compared to the previous year.” [01:31]
    • “That comes with $120 billion in net income on top of that. I don't know how to even say that out loud. It's so incredible.” [01:51]
    • He points out these results don’t even include potential revenue from China, and mentions sovereign AI as a major future growth driver. [02:12]

• Valuation Concerns:

  • Matt puts the brakes on the hype: “Nvidia trades for about 46 times earnings, about 24 times sales... a 73% growth rate... implies $4.5 trillion in spending in the year 2030. If we keep that growth rate up, clearly that’s not likely to happen.” [03:04]
  • He frames the pullback as rational given “valuation and sustainability concerns.” [03:53]

• Macro AI CapEx Spend:

  • Meta, Amazon, and Alphabet are expected to spend ~$500 billion combined this year, much earmarked for NVIDIA chips in data centers. [03:27]
  • Implied: this growth cannot last forever—important context for investors.

Notable Quote:

“Nvidia for the year it just reported $216 billion in revenue. It added $85 billion in revenue compared to the previous year. There are companies that have existed for decades and never reach $85 billion...It’s absolutely mind-blowing.”
— John Quast [01:31]

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2. NVIDIA Risks: Is the Party Ending?

[04:16–08:19]

• Competitive Threats & Product Evolution:

  • Tyler asks if Nvidia risks losing pricing power: “As more AI companies shift from training models to actually deploying models to customers, they will need more of the generalized computing power from CPUs versus the lots of smaller tasks...that Nvidia GPU processors...worked well for training models.” [04:33]
  • He flags competition as big “hyperscalers” like Alphabet roll out their own custom chips (e.g., Tensor Processing Units). [04:52]

• AMD as an Alternative:

  • Matt explains why he personally prefers AMD.
    • “AMD’s GPUs, they don’t command the pricing premiums that Nvidia does...For one thing, data center GPUs are a much smaller percentage of its business. Second, AMD’s GPUs...don’t command the pricing premiums that Nvidia does. And third, AMD...CPUs are a core product for the business.” [06:41]

• Margin Sustainability:

  • John notes NVIDIA’s margins have doubled in 5 years, now over 50%. “At some point, I’d expect the margins to go back from otherworldly right now to just great in the future, and that margin compression could impact this as an investment.” [07:17]
    • Both admit to being amazed (“wowed”) by the scope of Nvidia’s success, but neither is currently buying.

Notable Quote:

“At some point, I’d expect the margins to go back from otherworldly right now to just great in the future, and that margin compression could impact this as an investment.”
— John Quast [07:17]

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3. Investing Decisions: Buying, Holding, or Adding?

[08:19–09:05]

• Different Mindsets:
  • Tyler highlights the difference between buying, adding to, or holding a stock. “Adding to a position or buying something today is very different from owning the stock.” [08:27]
  • Deciding on capital allocation depends on where the company’s going, valuation, and future risks. [08:36–08:42]

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4. Mercado Libre – Growth vs. Quality & LatAm Context

[09:44–16:15]

• Valuation Context:

  • Shares dropped sharply post-earnings. John says it’s now at its cheapest price-to-sales valuation since the Great Recession. [10:14]
  • Other valuation metrics: trades at 16x free cash flow, 8x operating cash flow. [10:47]

• Q4 Results:

  • E-commerce growth: Gross merchandise volume up 37%; items sold up 43%.
  • Fintech: Mercado Pago up 53%; credit portfolio up 90% to $12.5 billion.
  • Profitability declining: Net margin fell to 6.4% from over 10% YoY. [12:16]

• Quality of Growth Concerns:

  • Tyler: “Not all growth is good...charges for bad or questionable accounts...now equivalent to 25% of its gross profits this past quarter.” [12:45]
  • He presses: Does rapid growth at the expense of quality (and higher credit losses) concern shareholders?

• Watchful Optimism:

  • Matt acknowledges the concern but remains optimistic: “Of the nearly 4 percentage points of net margin compression...more than 3% was due directly to rising costs. That includes lost reserves. It includes Capex, which rose by 53% year over year.” [13:38]
  • He’s a happy but watchful shareholder.

• Latin American Credit Reality:

  • John provides local context: “There is higher credit risk in these markets...but the income potential from the accounts not in default is higher because they’re charging higher rates...we need to make sure that we’re running this through a Latin America grid and not a US grid.” [14:47]
  • He draws a parallel to Amazon’s margin-suppressing, scale-building tactics starting in 2005.

Notable Quote:

“If we look back at 2005 at Amazon...operating margin dropped by about 30%. So that doesn’t look good at first, but revenue soared 400% during that time...I think that Mercado Libre is playing the long game here just as Amazon was...”
— John Quast [15:09]

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5. Trade Desk – Slowing Growth & Takeover Musings

[17:01–21:22]

• Growth Deceleration:

  • “The market is reacting to the fact that growth is decelerating for the Trade Desk, plain and simple. It just reported 14% growth...its guidance for the next quarter implies 10% growth.” [17:42]
  • John points out Amazon’s advertising growth is now accelerating at a higher scale (22%), versus Trade Desk’s deceleration. [18:15]

• Investor Concerns:

  • Matt: Investors want answers about recent executive turnover, future growth, and risk from big tech competitors (esp. Amazon). [18:44]
  • Current valuation: 11.4x forward earnings. Matt remains optimistic—it’s still profitable, perhaps a takeover target, but expects volatility will continue. [19:32]

• “Who Acquires Trade Desk?” Speculation:

  • John’s picks:
    • Walmart—already partners with Trade Desk for retail media.
    • Roku—potential for a merger that would combine trading tech and TV distribution. [20:10]
  • Matt’s pick: Microsoft—affordable acquisition that could turbocharge Microsoft’s ad business, “a rounding error on its balance sheet.” [20:49]
  • All agree this is pure speculation and not inside insight.

Notable Quote:

“Any mention of a takeover target makes for a fun topic, especially for, you know, talking heads in financial media.”
— Tyler Crowe [19:43]

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Standout Quotes & Memorable Moments

• “These results don’t include any revenue from China that could come online soon as that gets worked out...these results don’t include any revenue from China that could come online soon as that gets worked out, then you have other drivers such as sovereign AI...” — John Quast [02:07]
• “Adding to a position or buying something today is very different from owning the stock. ...It can drastically change the way you frame the thought on a company, whether it’s adding to or continuing to hold.” — Tyler Crowe [08:27–08:42]
• “Not all growth is good. I don’t always think that it’s worth pursuing those extra few percentage points of growth if it erodes things like margins and rates of return.” — Tyler Crowe [12:33]

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Timestamps for Key Segments

| Segment | Start | End | |-----------------------------|----------|----------| | NVIDIA earnings reaction | 00:06 | 04:42 | | NVIDIA risk and competitors | 04:16 | 08:19 | | Decision: Buy/Hold/Add? | 08:19 | 09:05 | | Mercado Libre analysis | 09:44 | 16:15 | | Trade Desk discussion | 17:01 | 21:22 |

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Takeaways for Investors

• Even record-breaking growth numbers can disappoint the market when valuations are sky-high and future sustainability is questioned.
• Pricing power and margins for industry leaders like NVIDIA aren’t guaranteed, especially as customers strive to develop alternatives.
• Not all revenue growth is equal—investors should scrutinize the quality (not just the headline figures) as seen in Mercado Libre’s credit segment.
• Context matters—what looks risky in a US setting may be routine (and compensated with higher rates) in emerging markets.
• Slowing growth and executive turnover can quickly shift sentiment on former investor darlings like The Trade Desk, leading to speculation about possible acquisitions.

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For the long-term investor, the episode offers a nuanced look at how even great companies face both opportunity–and headwinds–that go far beyond headline performance.

Transcript

[A]

Foreign.

[B]

Come on.

[C]

You knew we were going to talk about Nvidia earnings.

[B]

This is Motley Fool Money. Welcome to Motley Fool Money. I'm Tyler Crowe and today I'm joined by longtime pool contributors Matt Frankel and John Quast. Earnings are still the topic of the week and some investor favorites are certainly reporting. We're going to get into the results of the trade desk and I'm going to pester John and Matt about Mercado Libre's most recent quarter. But first, it would be hard to be taken seriously as an investing podcast and not discuss Nvidia's earnings right at the top. So we're going to get right into it here. Shares are Nvidia are down about 4%

[C]

as we tape today after the company

[B]

reported fourth quarter and full year 2025 results. It's been a minute since we've seen Nvidia report earnings that didn't blow analysts and investors away. And it looks like based on the stock market reaction, that was kind of the case today because apparently 73% year over year growth for revenue doesn't wow anyone anymore. John?

[D]

Well, it wows this guy. I mean, look, here's what wowed me somehow. Nvidia's growth is still accelerating. You, you pointed to the 73% revenue growth in its most recent quarter. That's insane as it is. But next quarter it expects around 77% growth. I mean, let's just put these numbers into a little bit of more tangible contextualized perspective here. Nvidia for the year it just reported 216 billion in revenue. It added 85 billion in revenue compared to the previous year. There are companies that have existed for decades and never reach 85 billion, period. And that's what Nvidia just reported that it added to revenue in a single year. It's absolutely mind blowing. That comes with 120 billion in net income on top of that. I don't know how to even say that out loud. It's so incredible. And here's something that's even more wow if we need some more wow here. These results don't include any revenue from China that could come online soon as that gets worked out, then you have other drivers such as sovereign AI that's a potential revenue driver over the long term here, sovereign AI revenue tripled to 30 billion. You know, a lot of countries are seeing this as a national security issue. And so we could see more countries investing more money into Nvidia's products to build their own infrastructure. So very wow results as far as I'm concerned.

[A]

Yeah. I will say that this is not the first time that Nvidia has beat earnings estimates and issued strong guidance only to see its stock fall the next day. I agree with John. The numbers look strong to the point where they're tough to put into words. But Nvidia trades for about 46 times earnings, about 24 times sales, and although revenue grew by 73% year over year, not taking anything away to about 68 billion, that's clearly not sustainable year after year, even though they're expecting it to accelerate into the first quarter, for example. So a large part of the hundreds of billions of dollars that we've heard in Capex, planned by Meta, Amazon, Alphabet, et cetera, it's earmarked for data center chips, specifically Nvidia chips. And data center chips are most of Nvidia's business today. Those three companies alone are spending about $500 billion this year between them, primarily to build out their AI infrastructure. So a 73% growth rate, just to go full math guy on you right now, implies $4.5 trillion in spending in the year 2030. If we keep that growth rate up, clearly that's not likely to happen. So this is a long way to say that unless Nvidia posts blowout numbers, which I'd call this quarter good, not a blowout, it's not too surprising to see the stock pull back a little bit just on valuation and sustainability concerns.

[C]

John, apparently Matt is not impressed with 73% growth and hasn't read the McKinsey report that they do expect us to be spending somewhere in like $7 trillion

[B]

between now and 2030 on all this stuff. But I digress.

[C]

I mean, this could easily become the like the finance version of that SNL

[B]

skit, the Chris Farley show, where we just kind of go around the room and say how great Nvidia is. But let's kind of poke and prod some of the soft spots in Nvidia and maybe we can see where this conversation goes. Because, look, we can say how great it is, but people want to buy this company and they should know upsides and downsides. One Reuters report that I read about today's earnings and was and it's kind of discussing some of the shifting demand and compute power and made me think a little bit and kind of talking through this a little bit here. As more AI companies shift from training models to actually deploying models to customers, they will need more of the generalized computing power from CPUs versus the lots of smaller tasks all running in parallel that Nvidia GPU processors were known for and worked incredibly well for training models. Also, some of the big hyperscalers are starting to develop their own proprietary equipment. We were just talking about their big spending, but Alphabet, for example, has its application specific Tensor processing units that it claims are better designed to accelerate machine learning workloads when deploying these things into the real world. Look, Nvidia isn't just a GPU company. It has CPUs as part of its product suite and it has other ways to monetize a lot of what's going on here. So it's not like I'm saying the company is cooked from here. But I do wonder if Nvidia's pricing power might start to take it on the chin slightly as competitors start to find ways around paying that massive premium for an Nvidia product. I mean, that if anything, would be my concern from here going forward. Are either of you considering this when looking at Nvidia? Or maybe I'm missing a bigger challenge here that you guys have identified.

[A]

No, I love that you brought this up because I've said before that unless you've tried to talk yourself out of an investment, you should have made it. And you're absolutely right. And it's one of the biggest reasons why I own AMD in my portfolio and not Nvidia. Although I completely acknowledge that Nvidia is an amazing business. So obviously if Alphabet and others develop their own processors, it doesn't help either of the companies I just mentioned. But you're right that pricing power could be under pressure and the premium nature of Nvidia's GPUs could certainly be less in demand in a couple of years. Amd, just to kind of talk about my own investment, has a 12% net margin versus 53% for Nvidia. That's due to its markups because of the premium nature of its products, like you mentioned. But for amd, I see margin compression as being less of an issue. For one thing, data center GPUs are a much smaller percentage of its business. Second, AMD's GPUs, they don't command the pricing premiums that Nvidia does. And third, AMD doesn't just have CPUs as you put it with Nvidia, they're a core product for the business. So that's why that's a very legitimate concern and it's why I went another direction.

[D]

Yeah, I think both Matt and Tyler are hitting it on the head here. You look at Nvidia's margin, it's essentially doubled over the past five years, over 50% now. As Matt pointed out, I think it's unreasonable to expect the margins to stay this high until kingdom come. At some point, I'd expect the margins to go back from otherworldly right now to just great in the future, and that margin compression could impact this as an investment. It's one of the reasons that I'm personally not buying Nvidia, even though I'm wowed. I'm wowed, as we pointed out. But how much higher can the revenue go? I can't answer that to my own satisfaction. And how much longer before that margin goes back down to just a great margin and not a otherworldly margin? I don't know that either. The situation has prevailed and lasted way longer than I ever originally thought possible. So I'm already way in the wrong here. But I can't really predict it into the future, and so that's why I'm on the sidelines.

[C]

I like the way you frame that too. And perhaps an important message as we discuss these sort of things was talking

[B]

about adding to a position or buying

[C]

something today is very different from owning the stock.

[B]

I'm sure that people who own the stock are pretty satisfied with what's going on here, but when trying to make

[C]

that next capital allocation decision based on

[B]

valuation, based on where you think the

[C]

company is going to be going, it

[B]

can drastically change the way you frame the thought on a company, whether it's adding to or continuing to hold. So I think something investors in Nvidia will want to consider when we talk about these things, because there is some nuance here. And now after the break, I'm going to play a little devil's advocate here for two Mercado Libre investors Introducing Fidelity

[E]

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[B]

it out by now, I do like

[C]

to be a little antagonistic and kind of play the devil's advocate from time to time, especially with Matt and John, because we've been doing this for a long time.

[B]

They don't it, they don't.

[C]

Their blood doesn't boil when we do these sort of things.

[B]

So in that vein, I want to talk about Mercado Libre and their most recent earnings report, shares dropped about 8% after announcing earnings yesterday. And over the past five trading days, she's shares are down like 12.8% as we are recording this now, if I remember right, John, you said on one of our other like group chats, kind of before we discussed this here, that it is trading at its cheapest valuation since the Great Recession. Did I read that right?

[D]

Yeah. So in that group chat, I want to acknowledge I was referencing basically the dumbest of all valuation metrics, and that is the price to sales ratio. Now, the reason I do look at the price to sales ratio, it's not my entire valuation process, but it's part of the picture. I like that it smooths out some inconsistencies, potentially in the profits. But right now it trades at just three times its sales. If you go back to the absolute height of the Great Recession market crash, it traded at 2.6 times sales. So it's only trading for a hair above what it traded for during one of the worst market crashes of our investing careers. Right. If you look though at other valuation metrics, right now it trades at about 16 times its free cash flow, which is actually quite reasonable when you consider how much it's investing into its infrastructure, which naturally suppresses its free cash flow generation. You can look at cash from operations. It trades at eight times its cash from operations. That is absolutely incredible for a business that just turned turned in its seventh consecutive year of greater than 30% growth.

[B]

Look, we're setting the table here.

[C]

We have seemingly cheap stock based on historical metrics and things like that.

[B]

Matt, run us through the fourth quarter numbers. And then I'm going to, as I

[C]

put on my devil's costume to ask

[A]

a couple questions here, on the surface, things look really solid. I'm not saying the stock's down for no reason, as we're going to get to in just a little while, but just consider the headline numbers. So gross merchandise volume, this is their E Commerce platform, was up 37% year over year and 43% more items were sold on the platform. The Mercado Pago Fintech business, which I'd call kind of like a, like a stripe, I guess, in Latin America, was up 53%. The credit portfolio, which is credit cards, business loans and other kinds of lending, grew by 90% to $12.5 billion. All of this produced a combined 47% revenue growth year over year. So it's clear this is still a rapidly growing business. The big concern, which I'm Sure. We're about to get into is profitability, but the net margin fell to 6.4% from over 10% a year ago. So now go for it.

[C]

Yeah, it sounds like you see the headlights coming down the road here. So here's kind of my antagonistic view on this a little bit.

[B]

But I do genuinely believe this as an investor. Not all growth is created equal. Not all growth is good. I don't always think that it's worth pursuing like those extra few percentage points

[C]

of growth if it erodes things like

[B]

margins and rates of return and margins and rates of return for Mercado Libre peaked in 2023. It's. And one of the things I've really kind of picked up on is that charges for bad or questionable accounts, you know, things that they've written down because they aren't sure people are going to pay them back, that's now equivalent to 25% of its gross profits this past quarter. Now, I'm not a Mercado Libre shareholder. I know both of you are, and many have done incredibly well with this stock, as have many other investors at the Motley fool, both members and analysts. But things like this would give me pause, especially the questionable account credit provisions, things like that. To me, it looks like the company's growth isn't as quality as it looks on paper. And so I want you guys to kind of convince me and the audience here. It's like, am I just shouting at clouds here?

[A]

No, it's a valid concern. Of the nearly 4 percentage points of net margin compression that I mentioned a minute ago, more than 3% of that was due directly due to rising costs. That includes lost reserves. It includes Capex, which rose by 53% year over year, you know, faster than revenue. But we've seen this similar story with other companies that I follow, like Klarna, for example, where its US banking services are growing over 100% year over year. Where some forms of growth, especially in the financial sector, where people are borrowing money from you and then paying it back, it doesn't need to happen quite so fast. It's really hard. It's easier to assess risk on, say, $100 million of loans than it is on $12 billion worth worth of loans. And it's easier to handle it when things go bad. So I'm not too concerned yet. Still a profitable business. It's still doing well. As John mentioned, It's grown over 30% for the seven consecutive years. That includes during the COVID years. But it's something that needs to be Monitored for sure. So I'm a shareholder, I'm a happy shareholder, but I'm watching this very closely.

[D]

One quick comment I would add to that is this is a Latin American business. When I lived in Latin America I was appalled at the interest rates when it comes to borrowing. That's was particularly true of mortgages, but credit cards as well. There is higher credit risk in in these markets. A lot of people don't have a credit history so that can be really hard to assess the the risk as the lender. So reserves naturally are higher but the income potential from the accounts not in default is higher because they're charging higher rates. So it we need to make sure that we're running this through a Latin America grid and not a US grid when it comes to looking at its credit portfolio. The other thing I'll say is this. Another reason that margins are down for Mercado Libre is because it recently lowered the threshold for free shipping in Brazil. We can open up our history books here and and see what can happen in a situation like this. I agree with you Tyler that not all growth is good. You do need to think about long term margins. But if we look back at 2005 at Amazon it started offering free two day shipping for its prime members. Now from 2005 through 2010Amazon's operating margin dropped by about 30%. So that doesn't look good at first but revenue soared 400% during that time and eventually that greater scale was important because it was able to monetize in new ways. So all I'm saying is I think that Mercado Libre is playing the long game here just as Amazon was playing the long game 20 years ago.

[C]

Let's just put it this way because again I like to be antagonistic whenever Mercado Libre quarterly earnings report is. We'll do our check in and and see if things are trending in the right direction.

[B]

After the break we'll go and see if Trade Desk can pull out of its nosedive.

[E]

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[B]

I'm going to do my best to not be that the podcast host equivalent of has this ever happened to you

[C]

person on those like gimmicky as seen on TV Commercials as we go through Trade Desk's earnings, because this is not a company I follow much, but I know both of you do, and so

[B]

I'm going to lean on you to

[C]

make everyone's smarter about the Trade Desk here. Shares of the Trade Desk are down

[B]

about 6% as we tape and down 67% over the past year. Now, there's been lots of chatter about turnover at the executive level and a cursory glance. For me, there's been a drastic change in valuation for this company. So what is the market reacting to here in this most recent earnings report? And did the Trade Desk's most recent earnings, for you at least change some of that narrative that we've seen?

[D]

The market is reacting to the fact that growth is decelerating for the Trade Desk, Plain and simple, it just reported 14% growth, which I believe is the slowest growth it's reported as a publicly traded company. And its guidance for the next quarter implies 10% growth. And so there's a real chance that it dips into the single digits in 2026 and the market is reacting to it being a low growth business now. Now, what's interesting is there's competition, at least competition in the narrative. And we're talking about Amazon. What's so interesting is that the Trade Desk management called out Amazon by name in the call, saying, hey, our product is better than Amazon's. And so it's almost like it called attention to the elephant in the room and told investment and told investors that it wasn't an elephant. Here's the thing. Amazon just turned in 22% advertising growth at a higher scale. And I know it's not apples to apples, but still, growth accelerated in advertising for Amazon in the past year, whereas it's decelerating for the Trade Desk. And I think that that is something that investors are very cognizant of.

[A]

Yeah, as John said, for the time being, this is a slower growth business. Right now, for a few reasons, investors want reassurance on a few things. They want to know why they couldn't keep a CFO more than a few months. They want to know when the company's growth might accelerate again. With Amazon putting 22% advertising growth, when can we expect that? We want to know whether companies like Amazon are truly a disruptive threat to the business or not. We haven't seen that yet, at least to the extent that investors would like to. So having said that, this is a business that is still growing, it's still profitable, and right now it's trading for 11.4 times forward earnings estimates. I don't think AI or any of the big tech companies are truly an existential threat to the Trade Desk. Plus I think it might be appealing as a takeover target at this point. It's cheaper than it would cost someone to build this. Bottom line is I don't think investors would be making a bad move if they bought the stock today. But I certainly expect this roller coaster ride to continue for a little while.

[C]

Any mention of a takeover target makes for a fun topic, especially for, you know, talking heads in financial media. So it's going to be a fun way to close out. You know Matt, if this really is a takeover target, as you might be suggesting here, let's play a little game. You guys get to, you know, make your best case as you know, analysts or somebody on one of the larger financial like TV shows or something like that.

[B]

Who would you like to see acquire the Trade Desk?

[D]

Well, I'm not sure how much I would necessarily care, but speaking of Amazon, I know that Walmart loves to stay step for step with Amazon and so I think that Walmart might be an interesting acquirer here of the Trade Desk. Interesting importantly, the Trade Desk already powers Walmart's retail media products. So there is some already some relationship there. I think a more compelling idea in my view would be Roku. That would probably more of be more of a merger than an acquisition. So Roku, of course the Connected TV platform, the Trade Desk has a large presence in Connected tv. Roku is excelling with adoption but struggling with monetization. Maybe having the Trade Desk would help it.

[A]

Amazon would love to have this, but I think there would be too many antitrust concerns that it wouldn't be regulatorily possible. I'm going to say Microsoft would be a great acquirer for it. Microsoft has some advertising business, but nowhere near on the level of like an Amazon or Alphabet. The companies that it directly competes with in so many other ways. I think Microsoft can make a play for this. It would, I mean acquiring the Trade Desk would be a rounding error on its balance sheet and it could seriously take its advertising business to the next level. So not that it's going to happen, but just for a fun little speculation, I think Microsoft would be a likely acquirer.

[C]

This is all just rampant speculation here. So I don't think any of us have any inside information on whether Trade Desk really is a takeover target. Just a, a fun way to end

[B]

a Thursday conversation here. And unfortunately that is all the time we have for today.

[C]

Matt.

[B]

John, thanks for sharing your thoughts. As always, people on the program may have interests in the stocks they talk about, and the Motley fool may have formal recommendations for or against don't buy or sell stocks based solely on what you hear. All personal finance content follows Motley fool editorial standards and is not approved by advertisers. Advertisements are sponsored content and provided for informational purposes only. To see our full advertising disclosure, please

[C]

check out our show.

[B]

Thanks for producer Dan Boyd and the rest of the Motley Cool team for Matt, John and myself. Thanks for listening and we'll chat again soon.