THE NVIDIA TRADE NOBODY IS TALKING ABOUT
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NVIDIA stock more than doubled again last year, making it the most valuable company in the world. Their market cap right now, $3.6 trillion. We just saw everything that they revealed at CES a couple of weeks ago. The new GB10 Grace Blackwell super chip, the Project Digits home supercomputer, the Omniverse Cloud, the AI workbench.

And of course, the RTX 50 GPUs, all of it continuing to position NVIDIA as the dominant powerhouse for the kind of high power processing needed for AI autonomy and gaming. But is it at all possibly feasible that NVIDIA could double again? That would make it worth more than Apple and Microsoft combined.

Well, maybe. But today we're looking at a different stock, one that is actually down more than 30% last year, a stock that one of our community members on Discord says has a lot of pent-up demand stemming from something that NVIDIA showed us at CES. It is a company whose CEO is calling 2025 a rebound year for them. So today on Dumb Money, the NVIDIA trade that nobody is talking about.

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This is Dumb Money Live. Hey there, Dave here along with Chris and Jordan. We are Dumb Money. Welcome to Dumb Money Live. Quick reminder, smash the like button. And also, if you want to be a part of the community that found today's stock, you can join us on our Discord. Head to dumbmoney.tv slash Discord for an invite. It's absolutely free, no strings attached. We'll never ask you for money. We won't offer to manage your money for you. We don't have coins to sell. A lot of disclaimers here, but if

If anyone is asking you for money, assume it's a scam. With that out of the way, Chris, Jordan, as I mentioned, today's stock came from Discord. Chris is in a different background. Do you want to tell everyone where you are right now?

Well, I mean, I'm at one of my favorite robot companies, and I have a few favorite robot companies, but I'm definitely at one of them today. It's an exciting day. Are you not going to say which one? Because if not, you should probably take off the lanyard that might give it away. Yeah, I probably should take it off my visitor badge. Oh, there you go. Generic visitor badge.

I can't get enough of my robot time. I just, I can't get enough. Every time I get in front of these humanoids and start seeing them doing their thing. And I got to see a little bit of a new walking gate today. It's awesome. And by the way, like there are things happening behind the scenes and some of them more public at Tesla, I guess. But there are definitely things happening at all the robots.

you know, all three of my favorite robot companies that are just super exciting right now. Like, I think the next 60 days, 90 days, we're going to see some really exciting developments for the sector, for the leadership companies in this sector. And wow, like it's just, it's starting to happen, guys. I'm so pumped.

We're not talking about robots today. We've got to shift gears back to something that is also NVIDIA adjacent, which is, do you know the name of the person who found it on our Discord? Yes, I do, Dave. The individual is, first of all, before we even talk about this, I think this is a case where it's really important to say, when we talk about social ARB stocks that aren't

multi-billion dollar companies, a lot of times our community will immediately just buy the stock because we've said it on the show. This is definitely, I've acquired a position, a long position in this company. And I could tell you through my experience trading it, the market makers are brutal. They will run up the price of this stock. And that is probably the dumbest thing to do right now. And I think the strategy,

The thesis that we'll discuss on today's show related to this company is not a short-term thesis. It's not like they're coming out with earnings in the next few weeks. This is not like an earnings trade. So I would be extremely careful for anybody to jump in this stock at an inflated premium because that's what will happen if people start buying it when we mention the name of the company. I would not do that personally. It is up today already. It's up 4.5%. So it is kind of moving.

Yeah, we're not financial advisors. We're just kind of sharing our thoughts on a trade that we made based off of something that someone in our community surfaced for us that I've done a bunch of due diligence in. Well, it's been volatile too, right? So you look at the ticker, and we'll find out the ticker here pretty soon, but

I mean, it went up like 10% either yesterday or the day before and then straight back down to par. Straight back down. And so that's what we'll have. Like, if people want to like overpay for it here today, what's going to happen more than likely, I would imagine, is it going to come right back down and you're going to feel like an idiot. But we're not financial advisors. Like I said, we're just going to share with you something from our community. I mean, it's dumb money. There's a good chance you're going to feel like an idiot anyway. Yeah.

Yeah, but I mean, I loved it back a few years ago when we could talk about this stuff and the stocks didn't just move. It kills me that people do this stupid stuff. Anyway, it is 30% in the past one year. And then if you look at one month, it's up 47%. So this stock is a mover.

so first so let's give credit where credit's due to the discord server neon zeon is the uh the one who wrote the no it's not what are you talking about that's who i found are you talking trace homos trace comments uh commented on it and there's a whole conversation back and forth but the original thesis that i saw was this one the uh

the the 2025 pc gaming super cycle oh you're not seeing that on the screen you don't see anything wait wait no i i think you were referring to two different posts i didn't even know did you get in our discord date are you i'm gonna discord yes

You don't see me in Discord often, but when I'm there, there's some serious business. Did you find this in the trade research channel? It was in the trade research channel. And I saw you copied and pasted a quote to me. So I searched for that quote, and then I found the thread that that quote was related to. But that quote came from Trace Comblest, right? The quote was from Trace Comblest.

Trace commas is what I wrote down. Commas? I'm the worst. This is the original, and I believe Neon Zeon was the one who posted this trading document and their whole thesis. Oh, I didn't see this. And they have low conviction on NVIDIA, medium conviction on AMD, and then here's the one that we're talking about, Corsair Gaming, ticker symbol CRSR.

oh okay well let's get let's give dual credit here to both those uh community members that surfaced it i've been so busy messing around with robots and and i i haven't had time to kind of you know catch up on this stuff but when i saw this when it was posted in the discord i thought it was interesting enough to kind of do a deep dive which is which is what i've done so i i put in probably like

close to 15 hours of research into the sector. You know, I'm not that big of a nerd. I don't build my own PCs from home, but this is an interesting company. Corsair is kind of the company behind a lot of the products and a lot of the parts and a lot of the

the heating, cooling elements that are associated with building high-end PCs, which, for those of you all that are not familiar with high-end PCs, most high-end PCs are for gaming, obviously, right? So this is a company that, during the pandemic, obviously, experienced just...

anomaly, anomaly years of demand. Like just demand that I don't think they ever thought they would see because everyone in the world was stuck at home. And what are you doing when you're stuck at home and the government gives you a bunch of free money and you're a nerd and you're a gamer? You build an insane PC. Yeah. You build your own insane PC.

So like a lot of companies, kind of like companies like Zoom, they had a pandemic hangover. Their sales were so unrealistically high, not just of those components for high-end PCs, but also all the peripherals that they sell related to PC gaming, that they could never do anything like that post-pandemic. And so the stock has gotten crushed since the pandemic. Dave, is it down 70%?

80-ish percent from their peak pandemic. - From their peak, yeah, I believe so. Let me just pull up. - And so what's really interesting about this company is they are to some extent cyclical because what happens is when you have chips,

that are meaningful for home PCs that come out, that excite everybody. People tend to refresh their home PCs, but the PC refresh cycle for this sector, and I had to do a lot of work to kind of figure out what it was. There's a lot of differentiating opinions. It seems to range between two and five years. So somewhere between two and five years is when people refresh their built by home high-end PCs for gaming.

we're really in that window from that pandemic uh refresh cycle where everybody was upgrading you're stuck inside you want a good gaming experience you're in the you're in the pandemic you build a pc right so we're in the window but what's so fascinating about this in this insight is that right when we're in the window anyway nvidia

who's the hottest company in the world just happens to come out with a new line of breakthrough chips that are actually ai centric to kind of take this level of home computing to a completely other level uh very similar to the other blackwell chips that they released uh for more

kind of institutional artificial intelligence. These chips are, from what I understand, in many cases are giving you like 3x, up to 3x the performance in varying ways. Or you could look at them as being kind of like three, meaningfully cheaper for the same or better performance. And specifically, it's this new GeForce 50 chip, the GTX 50 that they released or they talked about at CES.

And they talked about how they're going into full-fledged production. There should not be shortages of these chips. They have them in a whole series of price points going down the line. But it is something that was widely expected in the marketplace. Even naming it 50 was something that...

On their last earnings call, Corsair signaled that they're expecting the 50 chips and they're expecting it to be in all of the price points from super expensive to not quite super expensive. From what I've read that, you know, now that with the fit with the 5000 series chip, that, you know, a chip that would cost maybe $600 is going to perform as well as one that cost $1,800 on the previous 4000 series.

Yes. By the way, I'm reading comments. I just kind of looked at comments and I love it. This is like one of my favorite parts about this particular trade, which by the way, I want to make it very clear. For me, this is a medium conviction trade, not a high conviction trade. And I'll get into why in a minute. But

comments like Corsair's dead been dead for a long time I lost so much money this is what I love so this is a company that if you have been invested in it since the pandemic and there were some people pumping this stock uh during the pandemic and you've stayed in it since you really have a bad relationship with this particular name it is it has been just absolutely horrible horrible

horrible the last few years. And so I actually love that. I love it. There's a negative sentiment around this company because they've just listen, you can say they've done a terrible job managing their way out of the pandemic. But truthfully, they had headwinds that were so strong coming out of the pandemic is and there are so many companies like this, right? Like they're just one of dozens of companies that were beautiful during the pandemic, but

you can't make any reasonable case that they could sustain that type of demand once people get back into the real world. So it's all, it all makes a lot of sense. Yeah. That's the pandemic chart. And then here's what's happened since it's been a, not a pretty picture down, down 70 ish percent from, from that high. Yes. That said,

I believe that this is a company that's fairly straightforward and simple. So I'm looking at people bringing up Unity and other things here. No, this is actually a simple company that makes simple products. They make products that are both – they have a peripheral division and they have a component division. Now, the component division –

are more expensive products at generally a lower margin than the peripheral division. This is a company that their strategy is trying to move more into peripherals over time. So the future of this company is aggregating lots and lots of other smaller peripheral companies that have very high margins.

but are very niche. And then they're going to bring efficiencies to those models and aggregate them and provide them with bigger and more connected distribution, which that's their kind of core looking forward business model. And that's a business model that quite honestly, you could like

or not like you could believe in it or you could not believe in it but it's not part of the thesis of my social arb trade okay so i'm not taking like a stance on the company or their management team or their strategy to move more into peripherals or the role like that i don't care about that guys all i care about is going from this massive multi-year headwind to

radically changing to what I believe

is a pretty meaningful tailwind that should last a few quarters here. I love it. I love that stuff, right? Because it's just like, it's a simple company. It's pretty easy to see what this tailwind is, but they're so beat up and the market hates them so much that they're a prove it to me company. It's a, oh, show me the money. Show me that you're actually worthy enough to actually take advantage of this tailwind.

Yeah, and I see both sides of it. This is not a high conviction trade for me either, although it is one that I plan to make. But the things that I like about it is this is a huge market opportunity for a small company. They're under a billion dollars, like $920 million market cap.

They, uh, they basically came out and are warning their users that this new 50 series processor is going to be 50% hotter than previous models. So it might be time for what we sell. And that's the, the, the cooling system and the, the whole system. Um,

But I mean, it's, it's also, this has been, this is, this is not new information. Everybody knew that they were going to be coming out with these chips, even like I was showing their, this is their website and their kind of product mix. But the top of their website is, are you G force 50 series ready? This is something that, that they have, uh, they've been preparing for. They've been talking about all in their earnings call. Um,

Their CEO actually said that all the people that are selling enthusiast gear for people building PCs are also realizing that it's going to be a big year because of the rumors that Nvidia will launch the 50 series very quickly. So there's going to be a card at all price ranges that will be expensive, obviously, but for the price ranges, the ripples from COVID surge are huge.

kind of over and we should see a more steady growth from here on out. That's the CEO of Corsair saying that we're not expecting big moves. We're expecting this to kind of level out. Yes. So, um, you know, one of the other comments, uh, you know, that I'm seeing right now is a lot of the, uh, home gaming PC cycle is driven, uh,

by game releases as well, right? So obviously that is also true. And we do have yet another tailwind kind of in front of us with the eventual GTA 6 launch, right? Which, you know, GTA 6 is going to launch when it actually launched. I mean, the date seems to keep on moving, right? I don't know. I think the date might even be pushed right now

you know, ridiculously late, especially for, for, for TC, the PC version of it. Uh, but, uh, it is in the future as well. And there are, I believe the actual, uh,

game cycle is improving as well so that that's yet another tailwind not just gta6 because that's somewhat still out in the future for them um but it looks like that is improving as well but again really this is a single piece of information that i think the market is probably a little bit resistant to trade on a stock because it's a prove it show me stock it's a show me stock they're going to have to show it in earnings they're going people are not willing to really speculate

on anything related to this stock, I don't believe, they have to show it. And that's why- And they do have earnings coming out in just a few weeks, but that will not, you'll not see any move-

uh in their earnings because this is this is this is going to be in the next quarter well let's discuss that so so the chips come out in late january and february that would theoretically be driving this cycle so while you won't obviously you will not see any of the revenue reflected in this quarterly earnings what you will see i believe is a meaningful amount of conversation on this call

about the new refresh cycle, uh, about what management is anticipating, maybe what they're seeing from, uh, from vendors in terms of orders, right. Preparing for this. Uh, so I think you'll see a little bit of that there. Now this is going to be one of those conference calls to actually listen to and have AI summarize for you so that you can kind of get in ahead of, uh,

everybody else correct now they also have this exclusive partnership with call of duty it's you know tbd uh as to how impactful that was on the company sales of peripherals that were kind of co-branded and oriented and marketed uh with this most recent call of duty uh release i had pulled data on corsair i don't have it here to share or show but i'll talk to it the

the web traffic on Corsair, both in terms of the top level domain and at the checkout page, does look pretty impressive this last quarter. So I think one of the people in our Discord that were doing their analysis was it was based on Google Trends. The Google Trend data on Corsair looks pretty

slightly better year over year for the holiday season, slightly better. I would say that the web traffic data that I am seeing in my data source looks meaningfully better year over year. So it will be interesting to see the extent

that they did have a better holiday quarter. And we'll know that here pretty soon. You have to remember, though, it's not just about volume. This is a company where if you look through their recent earnings reports, they've in some cases have done pretty well on the top line. But the margins are really important as well for this company. Now, one thing that

we've already discussed is that the margins are meaningfully better on peripherals than they are computer components. Our trade happens to be on the component side, but long-term they are moving more towards peripherals. I don't really want to get involved with analyzing their long-term strategy or to the degree to which I will be successful. I don't really see myself necessarily being in this name more than weeks to months.

I don't see myself retaining a multi-year position unless I learn something new that makes me think there is some, I guess, disconnect in terms of information flow that investors are underappreciating long-term. For me, it's a short to medium-term trade. I think it's interesting. I wanted to share it with the community because like,

It is associated with NVIDIA, right? Like, so it's an NVIDIA. We're all looking for, you know, ancillary. The next NVIDIA is what we've always wanted to find is what is the next one? And I don't think there is a true next NVIDIA. So it comes down to finding companies that benefit.

- Yeah. And like, listen, does Corsair have to be even a mega cap? No, it could be a small company that sees a meaningful lift. And as a trader, that's all you really need. It doesn't matter if you're talking about a trillion-dollar company or, you know, a few billion-dollar company. Or in this case, what is Corsair's market cap? - It's sub-billion. It's like in the 920 million range.

We don't normally discuss, Naren's already starting to move, we don't really discuss stocks that are in this market cap range. The reason why is because as a social arbitrator, stocks like this, I don't want to use the word manipulation, but they could move for reasons that you will never consider. And I'll give you the perfect example. If there is a large...

controller or a fund that is touching this stock, they could move the needle on this stock due to reasons that have nothing to do with the fundamentals or improving information. If an insider wants to dump, you can see this thing dump 20% just because they've been looking for a reason to exit for the past year or two years. And they might actually sell into the strength

of a good earnings report or sell into the strength of positive momentum and improving landscape for a company like this. So there are a lot more risk factors that you have to take into account when you have a small cap stock like this.

that really don't come into play with larger cap names. So that's why I'm kind of hesitant, one, to trade them myself. And two, I'm even more hesitant to talk about them. And when we do talk about them on the show, I want to be ultra cautious and make sure that people understand. And listen, I warn you guys not to trade it up just because we're discussing it. And that's what people are doing anyway. It's a really risky thing to do. So you need to be careful. We're not endorsing this company or

or trying to pump the stock here. Now me, I own a position of it because we're doing a show this week on it. And it is a small cap. It could double in the next three days. I will not sell, uh, for, for many, many days. Like I won't, I don't, I feel guilty doing that. Like if it's going to move up based on us doing a show, uh, I'm not exiting my position no matter what, uh,

at least over the next few days i'm gonna use this position it is over one billion dollar uh stock now it is at 1.01 million after today's move bonus yeah uh yeah exactly so anyway i think it's super interesting guys um i want to thank the community for surfacing it uh

I think it was a really cool playoff of them in this NVIDIA news. And that's why when you're watching, you have to watch every Jensen keynote, right? You have to be watching CES. You have to watch these technology news events and then kind of connect the dots back to potential winners and losers. That's what social arb investors do. I haven't really had the time to do it.

uh recently and i'm glad the community kind of picked up the slack on this one and we'll see if it works right yeah so uh jordan did you ever build your own pc you seem like someone that might have done that no well you're not a gamer but i feel like no i don't play games that's not my jam i like software way more than i mean i like hardware but i don't like messing with it it's not you know

Before the iPhone, I was a PC user. And as soon as the iPhone came out, everything in my house switched to Mac. And I have not looked back. But pre-iPhone, I actually...

Never built a PC from scratch, but I have a lot of experience like installing video cards and like all sorts of like extra weird peripherals to and then having to bump up the power. Like I almost built a whole PC. Just I started with a Dell shell.

So, Dave, I feel like you have a lot of Corsair products that like through their Elgato division that for content creators, don't you utilize some of those funky like sound? This mic stand might be, this stream deck is a Corsair product. This is what we control the show. If I want to share my screen, I push this button. If I want to go back, I push this button.

Although I don't have a lot of their stuff. Like literally, I think that might be it. Where I can switch cameras just with my feet too.

you know uh so they made an acquisition recently of uh uh fanatec uh i don't know if i'm pronouncing that correctly it was a really interesting acquisition so fanna you know guys that one of my one of my uh strongest themes macro themes that i have as a social art theme is nerdcore i i'm a strong believer in nerdcore i believe it's a multi-year theme that

numerous companies will benefit from. And one of them is like they acquired this company Fanatec, which makes, you know, like those people that make like simulated racing car things at their house. Like it's like PC gaming, but they have steering wheels and pedals. - Yeah, I've got a friend that recently built a rig for that. - Okay, so here's the rig, exactly. They had the rig. So here's what's so fascinating is that this company went bankrupt

And Corsair basically bought them for pennies on the dollar and they're able to kind of operate them way more efficiently under their umbrella. Right. And so they're able to just roll them in, fit them into their distribution. And a lot of the parts and a lot of the components,

kind of, you know, components and ancillary stuff are actually Corsair products. So they can cross market. And that's kind of what they're thinking they're going to do here. But that industry is bigger than you think. It's niche, but it's growing as a part of Nerdcore. In fact, when I went this summer to speak at, meet Kevin did like this Vegas like show where he had like six,

speakers and he has asked me to come speak at it and I did and he I think he had it like the palms Casino which is you know he's kind of frugal right so he had it like the palms Casino and their convention center and so when I went there I wouldn't stay there but but I went there I was walking through and there was another convention at the time and the convention was guys that do flight simulator simulators you know I'm talking about like the airplane simulators

So like,

Dave, do you remember in like the late 80s when we first met each other as kids, like 1990, 91? When Microsoft Flight Sim was the game to own. Do you remember a couple of our friends like Jason was really, really into it? And Patrick was probably watching. Patrick was into it. He was watching. Do you remember how much time we used to spend on Microsoft Flight Simulator? And I was just like, even then,

I thought it was kind of cool, but there were a lot of people that were really into it. So now fast forward, like 30 years, 35 years, God, we're old. So fast forward, like 30, 35 years.

They had a convention and I went in, I snuck in because I had to see what the hell was going on. Because I was like, there were like thousands of people. And they had probably 100,000 square foot convention room. And all of these companies from around the world that made, I guess, flight simulator rigs, Jordan, or software pack, they had them all set up in there. There's so many companies in that space.

Yeah, I mean, it spans the gamut from hobbyist enthusiast all the way up to full-on trainers for people that are trying to get certified and get the right number of hours for their credentials, right? Yeah, but people would wait for an hour or an hour and a half just to get to experience this random company's flight simulator rig with the seat and the screens and all the stuff. I'm like,

Once you get in that world,

You're in that world. I don't think you're ever leaving it. And if you look at the demographic trends of people are not dating anymore and the sexes hate each other and all the stuff that social media has created with this new generation. Have you seen the stats the last few years? They're really concerning. And add robots into the mix and we might be changing our...

who we are as humans. Like, are we even going to like be procreating in 25, 30 years? I don't even know guys. It's crazy. You saw the, the companion robot at CES that, that made all the news cycles. Oh, you're talking about robot procreation or something? I'm not saying anything. I'm out.

all I'm saying is these are really strong demographic trends and these demographic trends are resulting in a growing nerd core. That's why I own Collecticon, right? I'm a part owner in Collecticon that I helped

co-found years ago, which is Pokemon and Yu-Gi-Oh and Magic the Gathering. And this industry, these industry segments are growing so fast. But that flight simulator stuff,

like the car simulation stuff uh and so this company Corsair for those of y'all that are considering it as a longer term social or play if there was a thesis out there it would be attached to this nerdcore thesis there will be more gamers not less uh there will be more niches and this company

is going to continue, they said, their roll-up strategy of just rolling up these smaller companies that operate really inefficiently. They don't have proper capital. They don't have proper distribution. And it actually makes a lot of sense. So we think about roll-up companies like Beacon Roofing, where they'll acquire every single roofing distributor in the world, which is what they've been doing, by the way, for like 20 years. Companies like this

I find it like a really viable strategy to roll up these types of companies, but I'm not, I wouldn't be as interested in it if it didn't have a strong tailwind of Nerdcore. So there is, I haven't like fully thought that out, but there is a theoretical longer term social arm trade strategy here for Corsair that I think the community should at least kind of research and everybody should make their own opinions on that, right?

I haven't made up in it. I don't know if this is a company I want to be in long-term or not, but I like the risk-reward short-term of this new NVIDIA chip driving kind of a cycle of component builders at home. As long as we don't get into like a deep recession,

or like we have a situation where people don't have the money because the stuff is not cheap guys. It's not cheap. Or rates. I mean, so they've got a lot of debt. So rates, so if they have to refinance, then rates could be an issue. There's a lot of, there's a lot of issues facing this company. What about the tariff? What about China tariff? It's, is that already priced into the stock? Is the 100% priced in and a 10% would be good news or is it, what do we think about that? Uh,

That's great. I mean, this is a I actually didn't do the research to assess the degree that they would be impacted by the tariff. But I'm going to make an assumption that a lot of these components are made overseas, whether it's China or elsewhere. So it feels like that would be a potential negative for Coursera that people should also consider.

You know, a lot of these companies that are at risk have been pulling forward a lot of their inventory. And so they have like multiple quarters of inventory already here to protect themselves against a short term tariff situation, because a lot of people feel that if the tariff does happen, it's likely to be short term. It's a negotiating tactic. It's to use as leverage. And so if they can, you know,

you know, pull forward a few quarters of inventory companies can potentially circumvent any tariff risk. And that's what a lot of companies are currently doing. I don't know if Coursera is doing that yet. So that's it guys. I mean, I don't know. I like it though. But again, it's a medium conviction. I will probably not buy the stock just by some options, limit my downside risk.

and control more of the stock. That's my thought. And I think that's what the original poster of this was going to do. Yeah, I think that's reasonable. Listen, Tommy Lynn says that he thinks we're wrong on the PC refresh cycle. He thinks it's more like five plus years. I think that's fair to say that for a lot of casual gamers, it could be five plus years. But again...

you have to ask yourself, is this? - But we're, I mean, we're edging into that with, you know, we're not quite at five years since the pandemic, but from the beginning, we're almost there, you know?

Yeah, yeah. I mean, I would tend to agree, Jordan. And again, the thing is, is this a normal refresh cycle or is this a refresh cycle that is perhaps more interesting due to the high performance of these AI-centric chips that NVIDIA is releasing today?

I think that's the gamble, right? And we don't know, but that's the gamble. And I will say the CEO of Corsair, Andy Paul, in the last earnings call said, quote, we typically see an average of two cycles for people to upgrade. So in other words, people with a 40 series card were upgrading from their 20 series card. And we'd expect in the 50 series launched next year, people will upgrade twice.

the 30 series. So people who have the 30 or older will be upgrading in this cycle. And that 30 was, was what they were buying in the pandemic, right? Yeah. Yeah, exactly. I mean, I might be wrong about that. People might've been buying the twenties. Yeah. But I'm always, I'm always a little, uh,

you know well there's a shortage of everything from nvidia gaming wise you're buying anything they could get their hands on yeah they could exactly yeah oh yeah one other thing we we use all three of us uh have the uh corsair uh elgato uh capture card speak for yourself i don't need mine anymore but i've got the knockoff version jordan you are so cheap you are so cheap it looks great what are you talking about do i look weird at all

No, I'm using an AV or media one now. I'm on my laptop right now. By the way, people wanted just updates on the holiday season trades. Guys, I'm still in Elf and I'm still in Birkenstock. The data still looks good on Birkenstock. Looks a little more mixed on Elf, quite honestly. But I am still in Birkenstock and I...

am no longer in ralph lauren i and the data became too mixed on ralph lauren relative to the market expectations which were just climbing and climbing so i'm not in ralph lauren anymore uh i still feel that there is massive downside risk in crocs uh i'm not currently shorting crocs

i'm i'm considering uh opening up a croc short going into crocs earnings but i'm not currently short crocs i want to keep a close eye on the data uh as we kind of approach crocs earnings so that that's that's where i am when it comes to those holiday i think i think crocs has already beaten up so much with their last earnings that i can't imagine them making a huge move to the downside

although i don't see i don't see a huge move to the upside either i'm not going to play crocs this time around yeah uh celsius guys i've canceled my subscription for celsius data so i no longer get my weekly celsius data so i can't even comment on anymore i've been out of that trade for so long i don't even think about it i i did think that the shark ninja data was

Pretty good. I'm not in it. I'm not in the stock, but it was pretty good. I don't know when their earnings date is, but I am going to take a closer look at Shark Ninja and I'll share that. I will share that data pre-earnings as I will do the same thing with...

with Crocs and with the company I just mentioned, Birks Birkenstock pre earnings. The earnings are out a little bit. BFC still looks really bad to me, at least as it relates to Vans shoes. The Vans data looks horrific, quite honestly. Permanently bad. Really bad. Really, really bad. Also,

uh nike still looks bad uh so i'm still kind of negative on nike but i'm not shorting the company nike's up isn't it it's been up in the last few days hasn't it well i i i don't i'm not talking about the stock yeah i'm talking about the data i'm not talking about

Oh, no, not really. I mean, it bounced a little bit. It's up in the last few days, but down for the last three months. That's a try. I'm just... The data looks bad. I still want to take a close look at Starbucks. And I still am skeptical on the...

The rebuild of Starbucks. I don't know if they can bring that company back. I'm still negative on Starbucks, but I need to continue to look at the data there. So these are the names that I'm kind of tracking as it relates to like consumer traction. So more to come there and we'll keep you guys up.

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Obviously, Tesla earnings is coming up next week. And I am at odds. I'm going to say right now that I'm more excited than I have ever been as it relates to the humanoid division at all three of the big humanoid companies. Okay? Tesla, Figure, and Apptronic.

I know things that are happening at all three of these companies that are exceptionally good. Now, the problem with Tesla is they don't talk about future robots at earnings. They talk about what has happened in the past and how their autos are selling and their energy. Dave?

you think you think nilon's gonna i think it might change this quarter i think i listen i think that this is the quarter where that might change i think elon i would love to see that and his team might really go all in on optimus for the first time this quarter things are not you know there's no growth to speak of in the auto sector okay but jordan my concern is i believe that part of the reason why

Elon is starting to hone in on Optimus right now more publicly is because he's concerned about the market perception of what's happening in auto. That's what I'm saying. That was my point. And I agree 100%. And so I think he'll probably try to do something there. Maybe. We'll see. So the question that we have to answer is earnings next week.

if it is a bad quarter for auto but they pump and hype Optimus more than they ever have what does the market care about I thought about that quite a bit

And I believe that Tesla would initially get hit in that situation and it would be a negative and then immediately snap back. And I hope that's how it plays out because I'm going into Tesla earnings levered, but not levered enough. And I'm hoping for a bad earnings day. And then I'm going to go in on it. I want to get this quarter out of the way. I want to get that negative auto news. If the,

to the extent that there is negative auto news out of the way maybe we'll see just how much money they made selling the tesla bot action figure for 40 a piece that sold out immediately maybe that will have materially affected earnings i can't i can't believe i didn't get one of these

um so i'm 100 i'm gonna pay way too much money for that on ebay the second it comes out a hundred percent no it's out i mean they've sold out you can you can probably find them on ebay now wait when do i how did i not see that how do i not know these were released i guess you don't uh spend enough time on x you're spending too much time on uh tick tock so maybe we need to maybe we need to just uh ban tick tock in this country so you'll have enough time to read x

Okay, so here's the thing. I am sitting here 20 feet away from the CEO of one of the other big humanoid companies, right? And I have determined- Why is not a robot wandering into the background of your shot right there? I didn't, no, because I'm in the crappiest little side room. So here's the thing, guys. I have made up in my mind

that I need to have the Gen 1 version of the robot that's in this robot factory right here. And I know how many of them exist and they're moving on. They're like, they're moving on. They're moving on to new generations. They're like, I need to own one of those Gen 1s. I really want to.

Does it do anything functional that you can actually use around your house or is it just a prototype? The Gen 1 is like a full... It's the first... You want it to be functional or you just want it to display? I'm not going to have it be functional. If you're going to trash one, I also would like one. No one's trashing any, but I

I don't know what they're going to make me pay. I don't know when the right time is for me to ask for this. And I don't want them to give it to me. I'm going to buy it. The sooner the better. Just float the idea out. Just say, we need three of your Gen 1 prototypes just for our museum. It will live. I know exactly. It'll just be on a stand. Mine will be right there.

Oh, I want one so bad. I want one so bad because it's like having an iPhone 1, right? And so, yes, we all don't know who the ultimate Apple will be in this space. I don't believe it will be one. I think it's going to be three or four companies globally that you can look back 30 years from now and be like, here's all three of those Gen 1 companies.

work you know actual humanoid bots are going to be super cool to have when we're living in a robot world in 30 years right a lot there's a window of time it's part of the reason that i bought the vision pro because you know version ones of products are the ones that become collector's items i sold my vision pro run you know that right like i sold it why'd you sell it

I used it and I thought it was the coolest thing ever. As you know, we did a show on it and it kind of blew my mind how insanely good it was. But when I didn't use it again for a few weeks, you know how I get frugal with stuff. Like having something that costs that much money in my closet that I have to look at that I'm not using, I just felt it didn't feel right to me and I had to sell it. So I sold it on eBay for almost the same amount of money that I bought it for.

So I just had to do it. I didn't know that I wouldn't, I wasn't holding their value that well. I doubt they're holding their value. I mean, now I'm, I'm keeping mine. I rarely use it. I haven't even updated to the latest operating system, but I have it zipped up and it's special pouch that, that I bought that like crazy expensive, like padded cloud pouch. And it's sitting in the bedside table next to, next to my bed, just in case I ever need to watch a movie.

Oh my gosh. It's on display. How much were those things? $3,500. They were $3,500. $4,000 once you bought the case. $4,500 once you factor in taxes. It was an expensive purchase. Yeah. How much do you think I'll ultimately end up having to pay for this robot?

just kidding let's just guess right when they're decommissioning and they're not going to be able to salvage parts for some other experiment knowing your like connection to the company i can't imagine that like if they literally are getting rid of it they would just give it to you i think they're not getting rid of anything i think they would give you going to be something now you to the parts gen one that's like not functional yeah

They have the older ones that are just hanging on a frame out there. I want the actual... I want the actual...

one. Not that old prototype. I want the actual one that they've been testing. They're going to keep that for their collection because they already have several iterations and they're hanging on stands. No, I don't want the old, old one. I want the one that has 25 of them or 30 of them. They're going to want to keep the whole lineup for their lobby. No, Dave, they have dozens of those. They have dozens of these. I just want one of the dozens that they have. Ask for one of the dozens. It might be free.

It should be free. I mean, you know how much they cost to make those? It's like

hundreds of thousands of dollars i mean it's a handmade humanoid robot it's like hundreds of thousands of dollars well i guarantee you could get it for a hundred thousand dollars but they will probably work a really good deal for you all right i'm going depending on how should i try to get three should i try to get three get three for sure and if you only get two dibs okay okay um

We've gone off the rails. I did bookmark a couple of things. Pedro noted that exactly one year ago today, Chris, you posted your thesis about the X Optimus and how it will change labor as we know it. Everything going according to plan, your prediction at the time? Can I just say that I'm stunned? It's been a year that I reviewed that recently, that 15-part

uh tweet thread it's a pin to my Twitter account at Chris camillo yeah if you want to read it it still holds today I actually feel that there are there's very little that I would change in that tweet thread and the tweet thread was essentially uh how by the end of 2030 if Tesla has a million

and commercial bots being leased under a RAS model, robots as a service model, based on the current lease rates that the industry sector, that I had anticipated they would likely sell for, that's materialized. It's coming in right there. That's the pricing that the sector is coming in at. It's a $10 trillion division of Tesla if that happens. And I still feel that that's relatively accurate

accurate in terms of a prediction by the end of 2030. I think they're going to be roughly at a million lease bots by the end of 2030. And I think there'll be roughly somewhere between 60 and $110,000 a bot on a RAS model, right in that kind of range. I think roughly 70 or 80 or even 90 PE is what that division of Tesla would trade at based on the

The TAM, the TAM being larger than global GDP is today, I know is ridiculous. It doesn't even make sense to economists. That is a new world. Well, no, I mean, listen, what Elon says is not crazy when he says that we are going to re-election.

restructure what an economy is. We're basically going to rebuild the global economy from the ground up with a completely different economic model once we have an infinite labor machine. An infinite labor machine changes everything for our global economy, and that will happen. So yeah, I stand by it right now. I feel it's a projection. It's an

It's a prediction. I still, I wouldn't change it right now. I'm just going to keep it the way it is. Maybe a year from now, I'll probably feel differently, but I think it's viable. 10 trillion. It's like a 7X in what? Five years? 7X? If you're just in equity, if that ends up working out. Yeah.

And that's where I am. I don't have any Tesla options. I just have an outsized proportion of my net worth invested in that company.

yeah I I need I need to be levered and I am so uh but I hope that Tesla has a bump in the road next week I hope that earnings are not awesome I hope that the automotive news is not great next week and that we see a dip in the stock and that just might be my window guys uh to really go in deep and and by the way

If that doesn't happen and we see a 10% or 20% move in the stock, that might also be my win. Basically, either way, you're buying? Maybe, maybe. It might be the last chance to buy Tesla?

here's the reason why okay you know you've seen these numbers that that Elon has been putting out with Optimist production that he's going to was it is it six what 600 a week six thousand six hundred a week that's what he wants to do I think he wants to do 600 bots a week uh so was it 600 or six thousand am I losing too many things uh so here's the thing guys

Tesla and affiliated Tesla companies, okay, SpaceX, for example, they employ enough physical laborers and they are growing quick enough

to where Elon could essentially put his manufacturing of bots into overdrive the next 12 months, make an unreasonable number of bots and only circulate them inside his own companies. And why that's really important, I want you to think about this, okay, is that what the market will see, what capital markets will see

is a raw number of robots that are being manufactured and utilized without any sharing of negativity. Meaning Elon can control the narrative around how productive those bots actually are, the fault rate,

any bumps in the road with mechanical issues or durability or safety, no one is going to know anything negative about the optimist over the next 12 months. All we will hear about and see is, oh my God, he has 5,000, he has 10,000, he has 15,000, a fleet of them,

working and you're going to see video footage, okay guys, of them working on the assembly line. It could all be a facade in terms of like their actual productivity, whether they're working at 30% of human speed or 90%, we might never actually know because he'll only share the best data in a way that is most advantageous to Tesla, the stock. And by the way, this is why we love Elon, right? This is what as investors,

You have to anticipate this. So I asked Brock about the recent predictions from Elon, and he didn't specify a weekly production rate, but he did indicate that...

that Tesla will produce several thousand this year. But then the big news was that they plan to scale up to 50 to 100,000 in 2026 and potentially scaling to a half million to one million by 2027. But the exact figures not disclosed yet.

by the cited sources. I mean, Dave, it just got disclosed like three, three days ago. So he, uh, the, your GROK is based on old information. Uh, but the new information that just broke in the last few weeks, how do I not have this here sitting in front of me? And how could the guys watching the show, how could GROK not know calling it out? I mean, just call it out. He, he, he, he leaked, he leaked a production of production number leaked, uh,

uh to test 600 a week i was right thank you pedro thank you 600 a week is what he informed his uh suppliers uh that he was going to be at by the end of 2025 and the 2025 600 a week now

Maybe that's too ambitious. Maybe he'll be at 100 a week. But that's what was leaked to suppliers. So 600 units per week by the end of 2025, which would equate to an annual production run rate of 31,000 if sustained for a full year. Let's say he has 5,000 by the end of the year, right? That's insane. There's such an insane number because if he's then at 600 a week,

guys like the second that those numbers actually hit the street as believable as real like it's it's going to be long before we actually see a production optimus delivered i think that i think the news is going to be uh real long before then that's why i don't i don't know why you're waiting chris i just don't understand why you're

so hesitant to buy the stock that you, you're not looking at 10 or 20% difference. Dave, Dave, you said, why am I waiting? I have a massive lever position in Tesla right now. It's levered. It's options, right? How much, how much levered are you going to go? Are you going to be maxed out in your brokerage account? I have 5% of my liquid account.

trading account in Tesla call options right now, I want to have 25% of my entire portfolio in levered

call options okay but the thing is the thing you have to remember dave is that these are short-term options i'm not you're doing short term which that would make me so nervous to have five percent of my brokerage account in a short-term zero day to expire option i know you're like but i would have i would have a breakdown no let's just be clear here if if tesla earnings are just like

flat-ish next week, I just lost 5% of my liquid net worth. Okay? So 5%. And honestly, maybe I'll go up to 10%. I'm not comfortable. Wouldn't it be...

Wouldn't it be a little more sane to just like push that out and buy the January 2026? I can't get leverage on that. That's like not enough leverage. I want like 8x to 10x leverage. And the only way you can get 8x to 10x leverage on Tesla is

is to do and by the way i don't really i i don't have like i don't want to pay the premiums of like the big out of the money options i think i don't think the risk reward is worth it so like i have to go short term i have to time this and yeah it's where we have to remind you we are not financial advisors and chris's risk tolerance makes me sweat but does it drive a lot of anxiety yeah it does right but like it's stressful yeah it's stressful um

But I'm not going to have another opportunity come around where a single publicly traded company is basically going to print the most important product the world has ever seen.

That doesn't happen every day. And there's only a couple other companies in the Western world that are competing with it. And they're both private. So investors can't even invest in those companies. So the second that the world wakes up to this narrative that I've been preaching for a couple of years now, basically everybody is forced to concentrate their bets into a single publicly traded company.

you know, like, like, yeah, I mean, I just don't see that happening very often and I'm not going to lose this opportunity. So if I have to get in 20% higher, I will, I prefer to get in 20% lower. I hope they have a bad earnings next week. Well, and this, this is why you, you will, uh, your, your beard is more gray than mine because, uh, I buy the stock and chill and you need to, you need to grow a beard. You're, uh,

I try to shave frequently, but I'm not clean shaven. I did notice in the chat people were commenting on... You've got about a week to go. You need to let it go a little.

I was told that I look terrible in a beard by someone recently, and so I shaved. That wasn't very nice of them. It was terrible. It was a very mean thing to say. This is why I don't read comments anymore on YouTube. I just like... There are people who get brutal in there. They get brutal about things that are so irrelevant. This is a real human from my face that told me that. Yeah.

Well, there was a back and forth earlier. Was that Megan? It wasn't Megan, no, but she tended to agree. Oh, man. Anyway, so yeah, Tesla earnings next week. We have to do a Tesla earnings show, so...

I don't think we can say much more about it now. Tesla earned and Tesla's down today. Tesla's been down. I like it, man. I'm losing money every day, but I like it. I like it because I ultimately I'm ultimately mentally preparing myself to go in heavier. And this is the number one thing that I think investors just never understand. They don't understand that unless you're completely 100% broke in a stock and don't earn income,

If you love something, you should want it to go down because you should want additional as long as the information doesn't change. If it's just a matter of short term fluctuations due to things outside of the narrative that you care about, you should want those things to negatively impact the company that you have a strong thesis in long term because you want to always own more, right? You always want to own more, not less.

So is it short-term painful? Yeah. Long-term? But when you've been doing this for decades, this is the one takeaway, right? Like, you know, you just, you got to play the long game. So let's hope Tesla gets crushed next week on auto news, because I'm sure as hell can guarantee you there's nothing negative that's going to come out related to the humanoid division. That I guarantee you. I just hope they talk about the humanoid division so that I don't have a...

less, less, a lower balance in my brokerage account. I just want to see, I just want to see stocks only go up. Remember? See number go up. Stocks, stocks only go up. All right, guys.

I'm on my way back to Dallas here. They're noticing that you're wearing AirPods and we both have our Apple watches on. 8X into Apple. Apple. Apple's been...

been kind of painful lately so i i was discussing apple uh with someone on on x and i truly do think that apple is still in the pole position as it relates to embodied ai and humanoids i think they were going to be really late to the game i i still believe to this day that they repositioned some percentage of the team that was once on automotive uh to to

embodied AI robotics and humanoids, I think they will still, they're the most trusted ecosystem in the world for consumers, right? So like. - Well, I think that's it, right? And so you made a comment on Twitter the other day, I saw it, I didn't interact with it, my apologies, but yeah, I think that that's right. So that's why you own Apple because,

they can surprise you in a really good way because of their readout, right? And their trust. I'm just hoping that the, you know, I follow Apple so closely that I feel like I know every product that is rumored that has been leaked. I know what the iPhone 17 looks like. I know what the iPhone 18 looks like. I know what the iPhone 19 looks like. I follow way too closely. I am not, I've not seen anything leaked about anyone working on robots. I know that they probably are, but I feel like Apple as a company does not,

really go in until there's already been a proven winner in that space. Look at how kind of behind they seem to be in virtual, what do they call it, spatial computing. They invented the term, but I feel like their product is not as strong as what we saw from Meta. But Dave, wouldn't you say that- Better quality, better product, but-

the price point and wait on your faith so i just they took a different approach they took a different approach than meta and maybe they took the wrong approach at least short term the the initial robot that apple is going to come out with is going to be an ipad on a motorized arm and i just no way will they do that it's coming that is the one that will be coming out first

It is, unless they scrap it at the last minute, they are actively working on an iPad that has an articulating arm that can nod its head at you and maybe even follow you around. Isn't that what came out in Silicon Valley? Amazon already had one come out that rolls around on your desk and...

I mean, the whole thing is like, I just, I just haven't seen the innovation from Apple that I was hoping for, especially at a time like this. I feel like Apple intelligence is great and all, and it's the one that you trust. And it's the only one that I would share my calendar and contacts and email with, but it's still not even delivered. Okay, Dave, I'm going to read to you. The .4 beta release is not out yet.

They just came out with a release candidate of the dot three beta release. So everybody else will be getting the minor features that come in a dot three release. The dot four release is going to not even, I mean, I just feel like Apple is, is behind.

I've gotten information that they are working on this internally, but even your Mac rumors, and you're right. I mean, the tabletop robot actually shows an iPad on top of something hilarious. - Wait, is this still going on? - Yeah, yeah. But no, I mean, that's just an image I showed. But according to Bloomberg's Mark Gurman, this came out in August, Apple's looking for its next big thing, and robotics are one area of focus. Apple has engineering teams.

working on various in-home robotic devices and the AI software and functionality that might be able to make a home robot useful. Apple's work on robotics takes place in the hardware engineering division and in its AI and machine learning group under AI chief John Gianandrea.

So I have heard that they are working on this now. Also, what's this? Apple reportedly has a secret facility that is designed to look like the inside of a home. And that's where it is testing future home products. I firmly believe. They also have a very nice set that looks like a home that they use for their keynotes.

What I'm saying is I think they're behind and they're not going to have a humanoid robot until the Optimus seems like old news. Okay, of course. Apple will not have a humanoid robot until we are bored with Optimus and it has been proven to be success in the home.

We are never going to be bored with Optimus in our lifetime or any of the humanoids. Once it feels like it's commonplace to have a robot in your house, then Apple will have one. We were driving from a robot meeting last night that we had and we're driving aside the highway and there's construction workers and the guy I was with looked over to me and he said, isn't it crazy to think that, I don't know, in eight or nine years, 10 years,

Those we're just going to look over the side of the road and those are going to be those are going to be robots working on the highway, just doing that. And there'll be a few humans working with them, but probably like five to eight to 10 robots for every human just doing that work. And we're just going to like won't even mean anything. I'm like the same way, the same way.

At one point, they built roads with shovels and then they invented a tractor. I mean, it's it's a tool that we will become so used to seeing that it won't even seem special. And once you are so used to seeing it in your house, Apple will come out with it. That's just that's my prediction. Yeah, you're right. I would love to buy an Apple. I would buy an Apple robot the day it came out. I wish it would be next year.

It's going to be three years after Tesla has one in the house. Oh, probably. Maybe more than that. Maybe more. But...

They're not going to give you a lot of space. I see people in the comments, Apple's done. No, I don't think Apple's done. I just think that they have a measured approach to releasing products and they don't jump into categories until the category is real. They didn't have an, they weren't the first to have a phone that did smart things. They just did it different and better. Yeah. Yeah.

Yeah, absolutely. I'm not giving up on Apple yet. I still have a pretty decent size Apple position.

The problem with us, Dave, is that we've owned these companies for so long from such a low price point that we're just afraid of taking the tax hit. And so it's just like the tax hit is like, it's up like it would be like 90%, 95% of what we own in the stock. We'd have to pay taxes on all of it basically. Right. And we never want to take that hit.

i feel like do you agree like oh i agree like apple yeah i would like to pare down my apple position just to make my uh portfolio kind of make a little more sense but i don't i don't want to do it and i still believe in apple enough not to not to pull the trigger on that yeah i'm not giving up on apple either

But what I do, I basically think of Apple as a, uh, as a blue chip stock in my portfolio that I have no problem borrowing against. So I use it as like hardcore, like it's, it's, it's the base balance that I can, uh, that I can leverage off of.

Are you borrowing margin off of Apple? I use Apple. I basically think of Apple as cash and then I feel no problem borrowing on margin on top of Apple. That sounds fair. Where Tesla is more volatile and I have to think of my balance in Tesla as less marginable. And by the way, the brokerages have the same opinion and that's why the ratios are as they are. Maybe so.

All right. Do we, is anyone still watching? Oh yeah. We still have almost 4,000 people watching us right now. Oh, wow. We have a large, we have more view. This is our new thing. We have always have more viewers on X than we do on YouTube. That's that's wild. I never thought that would happen. Let's see how, how many people we can lose. Let's just tell us about your Africa trip. Just give us the highlights. Like what, what are the highlights?

You've been there for a month. So boring to talk about. Nobody wants to hear vacation photos, but I put together a slideshow for you. Is there one thing you've been in Africa for a month? Like one takeaway, one take. So Africa is so I was in South Africa. You say Africa like the country. I was in South Africa. And I think that like most of like what do you think of when you think of traveling to South Africa?

You're probably afraid to go there, right? Chris. Yeah. Yeah. I'm not, I'm not going there. Yeah. Cape town is like a first, first class city. It is like, it is beautiful there. Uh, the airport is modern. I mean, it's, it's not like you would imagine. I, and I know it and I feel like that's, that's the one takeaway is I think

Americans do a terrible job of traveling. I think that everybody who's locked into the rat race of, I can take two weeks of vacation per year, which means I, I'm trying to fit three vacations in, which means I'm going to do four days at one place and book into weekend. And I'm like, you need to, you need to just take a month and travel somewhere.

That's my, that's my takeaway. So we spent time in South Africa, all down in Cape town for a couple of weeks. We went to a private game farm from a friend of ours who owns it. So wait, hold on question. Cause I know you do things right. How nice was it? Like, or do you feel like when you're at that, when you were, when not the game farm, when you did the safari thing, you did the safari. So that's the three things we did were we spent time in South in Cape

Cape Town and a game farm in the Karoo, which, by the way, this game farm, it's a privately owned game farm. It's right next to one of the national parks in

I asked him how big it was and he told me in acres and it's like a mind-blowing number. I asked ChatGPT how big that is in something that I could understand. His personal property fenced off with animals that he stocks for hunting purposes is three times the size of Manhattan.

It's insane. But you said he doesn't even hunt anymore. So then the final part of our trip was we went to the Savannah, which is a whole different geography. And we did a safari there. And it was by far the nicest place you can possibly do a safari. What is it? What's it called?

Uh, the, well, the one that we went, I can't tell you what the name it's, it's like a long word that I look it up. I don't recall the name resort. No, it's a resort. Here. I'll tell you, I'll tell you what it was. It was like a nice five-star five-star resort. Uh, it's called Copano at the mid midway safari lodge.

is the name of the lodge. And then our actual, uh, the, the division of it, we were saying is Capano. Um, it's like seven private cabins. Basically each one is separate. We were the only person staying in the entire thing. So we had our own Butler, our own chef, uh,

our own two different guides who took us out every morning and every evening for like a four hour safari drive to look at like crazy animals. So did they tell you...

did they tell you before you left that a Rhino might just run into your little golf cart and kill you? Or like, is that just an assumed risk? No, you have to sign off on, you know, like, like any event, they have a sign out front that says, you know, entering this premises can be dangerous, but no, it was fine. Um,

Our guide did carry a rifle. So, you know, if, if something went down, he would, uh, they are, they are trained in, in all of the safety precautions, but we were in one of those, you know, like extended Jeep things or they're actually like land crew cruisers in the front. And then in the back, it's like seating and it can hold like nine people, you know, the Safari tarp over it. Like, it's just like what you see in the movies, but every single time it was just the two of us.

on a private tour with two guides taking us around and looking for leopards and lions and elephants and like zebra and giraffe or whatever. Zebra, you get bored seeing zebra because they're, or zebra as they like to call them there because there's so many of them. Oh man. So like I said, follow Megan on Facebook because she has all of our photos. Yeah.

And if you really want to see him, I'm sure you can. Chris, you're friends with her. You can just see her photos there. She's posted like so many photos. I'll check them out. But it was a good trip. But key takeaway for everybody watching, you don't have to go to South Africa. Just go somewhere and enjoy your life.

You're, you're not, you're not working to just stay in your closet all day and talk to people on zoom. Is that geared to me? It's geared towards someone on this panel. It's geared to me. I know it is. Hey,

Hey, I'm traveling right now. I'm traveling to see robots. Yeah, you're wearing a lanyard and you're in a conference room with a robot outside because you're trying to make a deal to buy version one. Yeah, true, true. All right, guys. No, no, to wrap that up, guys, I do want to express there'll be more...

Detailed and granular information coming when I'll be able to talk more about all the things that are happening. But I will tell you, there are really exciting things happening across the humanoid sector right now that I think are all going to come out publicly in the next few months. And I probably know less about Tesla than the other...

things. But my assumption is that Tesla is absolutely crushing it on their plans internally as well. And I think we've seen that with the leaked reports about where he thinks he's going to be by the end of this year.

Guys, the information is only going to get better every week. It's only going to get better as it relates to that sector. I'm hoping it's not in Tesla's prepared remarks that the analysts are going to drill them on optimist projections because I think that's what I want to hear. I think it might happen on this earnings call. We'll see. All right. We'll see. And with that, look, we actually picked up more listeners and viewers during that story time than we had before.

And it's still going up for some reason. I don't understand why anyone is watching right now, but we appreciate it. All right. Later guys. We'll see you next time. All right. We're, we're clear.