$META's @Muse is the first AI that I have given access to my emails and calendar and it's already been incredibly helpful, similar to having a human assistant! Today, I told it "find my daughter's soccer games and put them on my calendar, but lookup the location of the game to see how far away it is from my house and give me a 15 minute buffer plus the drive time" and 30 seconds later, it was DONE! My calendar entries are perfect! The other day, I was waiting on an important email while I was at a conference...I told muse alert me when an email from [name] comes in...couple hours later, boom! "The email you were waiting on just hit your inbox." I didn't have to swift through hundreds of emails and I could stay focused on the conference. I also wear Rayban prescription glasses all the time, mainly for reading. I expect that next week, Meta is going to release a new version of their Rayban Smart glasses without a camera (so they would basically be headphones with mics). I CAN'T WAIT to have these glasses on all the time and be able to just say "hey Jarvis, let me know when the docusign I've been waiting for comes in" and just have Jarvis (my Muse) whisper in my ear that "it's here" without ever taking my phone out! Pretty incredible!

Aaaaand it's #1#. $META distribution is absolutely bonkers. Combine it with a really really good product for free, and you have the ingredients of a new Billion-User product in the works! Now they just need more compute!

The year: 2022 The stock: $META Meta Revenues in 2022: ~$115 Billion Analysts & the Market's take on Meta: FB and Instagram are losing to Ticktock, YouTube and Snap. Product usage has peaked. Mark Zuckerberg is stubbornly wasting tens of billions on AR/VR with huge losses and he clearly doesn't get it. Sheryl Sandberg, the COO who is credited with much of Meta's success, sees the writing on the wall and leaves the company. Overall assessment in 2022: Meta is dead. How did that prediction turn out? 2026: $META Revenue: $252 Billion (up ~120% from 2022) Since Meta was declared dead in 2022, the company has added more revenues than it had in 2022! The equivalent of creating a new business, bigger than 2022 Meta! Interestingly, all of that growth has come from the same products that were declared dead in 2022. @finkd's "stubborn" investments in AR/VR also meant that it would be well-positioned (from both a talent and Datacenter perspective), to enter the AI race. So far Meta hasn't had much direct revenue from AI, but it's now releasing new AI products on a regular cadence and is considered 1 of the top 5 players in the AI race. Meta Connect 2026 which is Meta's big annual event where they launch new products and announce there plans is less than 30 days away. I might be more excited about Meta now than I was when I was accumulating it in 2022!

It's hard to remember that prior to the AI boom, a typical data center was 10-50 Megawatts of power, and that was HUGE! Now, those data centers would be considered tiny by comparison. A 1 Gigawatt data center campus can use 100x more power than traditional data centers. Kind of crazy numbers! This is Gemini's best estimate of $AMZN, $MSFT, $GOOGL, $META and $SPCX building the next generation of DCs:

Elon's timelines, fwiw, are worth -0-. Maybe negative. He thinks SpaceX, by itself, will be 10% of the entire US Economy in 7 years. By comparison, $AMZN, the largest revenue company in the US today, with over $775 Billion in revenues (or more than 25x $SPCX), represents just 2% of the US economy.

I literally had to remind someone of this yesterday who compared $CSCO, which got crushed in the DOT-COM Bust, to $NVDA. Cisco had a PE of 200 during the DOT-COM BOOM, and $NVDA has a PE of about 1/10th. So even though Cisco crashed almost 90% during the Dot-Com bust, it's POST-CRASH PE was about on-par with $NVDA PE today. IF you're going to argue that we're in an AI bubble, $NVDA shouldn't be your poster-child of over-valued companies. Maybe you can argue $SPCX is, or OpenAI is, or maybe some other company that's $100 Billion+ with no profits, but $NVDA is not it!

$MU is expected to make ~$35 Billion of profits THIS quarter! There are only 4 other US companies in that ballpark: $NVDA, $AAPL, $GOOGL, and $MSFT. Their valuations are $5.4 Trillion, $4.6 Trillion, $4.2 Trillion and $3.7 Trillion respectively. $MU is valued at $1.1 Trillion. One of these is not priced like the others!

I love that $NVDA destroyed it with 106% YoY revenue growth and then increased guidance for next year to >70%. The AI boom is not over...and if you think $NVDA is undervalued (as I do), then you're going to be shocked at how undervalued $MU is in this AI BOOM! Absolutely unbelievable!

$NVDA Reported its Q2 revenue of $96 Billion, up more than 100% year-over-year, BUT, it now expects revenue growth to slow to just 75%. IT'S. SO. OVER! You know what this means if $NVDA grows at just 75%, faster than any company in history of its size? It means Michael Burry is going to have a heart attack!

Ep 54 of the Buy Hold Rant podcast is going live today at 1pm Pacific, 4pm Eastern where we'll discuss: - $NVDA Earnings!!! (oh $CRM and $CRWD are also reporting) - $META Settlement - $AAPL's new Macs and their praise of $MU Plus portfolio changes, your questions answered and so much more! What else should we cover? Join us live!

This table might help put $META's ~$2 Billion a year for 10 year settlement in perspective. Meta's trailing 12-month operating profits were over $100 Billion! It's called a NOTHING BURGER! Neither are any of the other unsettled lawsuits. And neither are any of the product restrictions that Meta has agreed to. I'll be discussing this on today's Buy Hold Rant podcast at 1pm Pacific / 4pm Eastern with @DustinAlper. Join us live and we'll answer your questions too..