Platform & Content Overview - Qualtrim is a stock analysis platform with over 11,000 paying members [1] - The content includes stock analysis, reactions to company news (e g Duolingo), and discussions of technology advancements (e g Google TPU) [1] - The content creator shares personal investment experiences, including successes and failures, with transparency [2] Investment & Portfolio Strategy - The content creator focuses on buying high-quality, long-term investments in world-class businesses, viewing them as businesses rather than stocks [2] - The content creator shares growth and dividend portfolio examples [2] Disclaimer & Risk Management - The content is for informational purposes only and not intended as investment recommendations [1] - The content creator is not a professional investor and advises viewers to consider their own financial situation, risk tolerance, and consult with financial advisors before making investment decisions [1][2] - Investment decisions are not guaranteed, and mistakes may occur [2] Resources & Links - The content provides links to the Qualtrim platform, favorite investing books, tech used for video recording, and sample portfolios [1][2] - The content creator shares social media links for more free content and random thoughts [2]

Earnings Reports & Market Analysis - This week features earnings reports from Palantir, Uber, AMD, Spotify, Shopify, DoorDash, FICO, Texas Roadhouse, and Duolingo [3] - Tom Lee believes the market will continue upwards aggressively, citing historical precedence, negative market sentiment, falling inflation, and record profitability [4][84][85][87][89][90][92] Palantir Analysis - Palantir's revenue growth is accelerating, driven by a strong increase in US customer count from 161 to 485 [8][9][10] - Palantir's free cash flow has increased from less than $200 million in 2022 to $17 billion in the trailing 12 months [10][11] - Palantir's valuation is extremely high, with a forward price to sales ratio of about 90, making it reliant on fast growth [12][13][14][15][17] Company Specific Insights - Shopify is expanding into AI-driven commerce and targeting larger enterprise merchants, with a focus on merchant solutions, payments, and Shop Pay [22][23][24] - Uber's CEO is bullish on autonomous vehicles, but partnerships beyond Waymo are largely on paper, and Tesla could pose a competitive threat [29][30][32][33][35] - Spotify is experiencing continued monthly active user growth, leveraging its refined product, user interface, and network effects to compete with larger competitors, aiming for nearly 700 million active users and embracing video and AI tools [42][43][45][46][47] - AMD is a serious competitor in the AI race, with deals with OpenAI, but trades at a high valuation with a forward price to earnings of 46 and free cash flow yield below 1% [48][49] - Duolingo aims to be the dominant digital learning app, expanding beyond language learning into chess, math, and music, with 477 million daily active users and over 109 million paid users [66][67][68][71][65][66] - Texas Roadhouse is a top-tier restaurant with a good value proposition, but its relatively small size makes it a riskier holding compared to tech companies [78][81][82][83] OpenAI & Amazon - Amazon has announced a $38 billion multi-year partnership with OpenAI to run and scale its AI workloads in Amazon Web Services [96] - Sam Altman's defensive reaction to a question about OpenAI's revenue versus spending commitments was deemed a "fail of the week" [102][103][117]

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Investment Decisions - The investor allocated $8,000: $5,000 to Google and $3,000 to Amazon, both existing holdings in the "story fund" [4] - The "story fund" is nearing $400,000 with $163,000 in gains, concentrated in six positions [6] - Google is a significant position across multiple portfolios, with substantial gains and further potential [8][9] - Amazon is considered an easy long-term investment due to its optionality and growth potential, leading to an increased position [41] Google's Performance and Future Outlook - Google Search continues to grow at a rate of 10-12% per quarter [16] - Google Cloud is experiencing accelerated growth, attracting more smaller customers and integrating with DeepMind and Gemini [22][23] - Waymo is rapidly expanding, including international expansion and partnerships like DoorDash, with expectations of significant future value [25][26][27] - YouTube is consistently increasing its lead in streaming time compared to competitors like Netflix [28] - Google is actively developing quantum computing technology, with expectations of commercial availability in a few years [72] Salesforce Analysis - Salesforce projects a reacceleration of growth to 10% plus organic growth [3] - Salesforce's operating margins have doubled from 17% to 34% between 2021 and 2025 [44] - Salesforce plans to return 99% of its free cash flow to shareholders through dividends and buybacks [44] AI and Technological Developments - Google views the emergence of ChatGPT as an opportunity and is confident in its AI capabilities, including Gemini [54][55][56] - Google is developing Gemini 30, with expectations of significant progress [58] Amazon's Growth Drivers - AWS (Amazon Web Services) is predictably growing as a profit engine, with expectations of accelerated growth [34][35] - Amazon maintains its dominant lead in US e-commerce, which supports its advertising business [36][37] - Amazon aims to expand its logistics, robotics, and automation technologies, potentially licensing them to other companies [39][40]

ASML 公司分析 - ASML 股价上涨 3%，超过每股 1000 美元，管理层语气比上季度乐观[1][16][34] - ASML 的垄断性体现在其技术独特性和与供应商的独家协议上[9][10] - ASML 的安装基础管理业务在过去 12 个月内增长了 39.75%，是公司投资组合中最重要的方面[24] - ASML 回购了 1.48 亿股股票，总计 59 亿美元，但预计 120 亿美元的回购计划不会在 2025 年底完成[25][26] - ASML 预计 2026 年的销售额不会低于 2025 年的总销售额，暗示销售额将增长[31][32] AI 行业观察 - 市场对人工智能是否存在泡沫的讨论很多，但 Brad Gersonner 认为不一定存在泡沫，Howard Marks 也曾表示在泡沫出现之前人们就已经在讨论泡沫了[41][42][44][48] - Palantir 的估值（市销率超过 100）远高于其他公司，甚至超过了互联网泡沫时期的公司[63][64] - OpenAI 的 Agentic commerce 正在改变市场动态，通过与 Uber、Booking Holdings、Expedia 等公司合作，降低客户获取成本[2][70][75] 其他公司动态 - Waymo 计划于 2026 年在伦敦推出完全自动驾驶的乘车服务[77] - Salesforce 与 OpenAI 扩大了 AI 合作，但股价却下跌，反映出市场对该公司前景的担忧[79][80]

Investment & Portfolio Strategy - The content creator shares their growth and dividend portfolio strategies via provided links [1] - The creator emphasizes a long-term investment approach focused on "compounders," which are high-quality, world-class businesses [1] - The creator views investments as businesses rather than stocks [1] Risk Disclosure & Disclaimer - The content is for informational purposes only and not intended as investment recommendations [1] - The creator is an amateur investor and advises viewers to consult with professional advisors before making investment decisions [1] - Viewers should consider their specific income, risk tolerance, personality, timeline, and overall circumstances when building their portfolio [1] Content Creator & Community - The content creator has a Patreon membership with over 10,000 members [1] - Patreon membership includes access to Qualtrim.com, a private Discord community, and exclusive episodes [1] - The creator shares links to their social media accounts, including YouTube and Twitter [1]

Spotify Analysis - Spotify's core thesis revolves around the spoken word, including music, being the most undervalued form of communication on the web [1] - Spotify's business model focuses on delivering an exceptional search and discovery user experience in exchange for user data and premium subscriptions [1] - Spotify has made significant progress in closing the monetization gap between audio and video [2] - As of June 4th, Spotify's 145 million US users can directly purchase within the app, bypassing Apple's App Store 15% commissions [4] - Advertising and related revenues represent approximately €2 billion, or 10% of Spotify's total revenue [11] - Spotify's valuation is optically expensive, but could look cheap if management achieves their goals of $20 billion of operating earnings [12] Uber Analysis - Uber operates a network-based marketplace, aggregating supply and demand for transportation services in over 70 countries with more than 170 million monthly users [17] - Concerns regarding autonomous vehicles (AVs) are misplaced, as AV adoption will be longer than expected and ultimately beneficial for Uber [21][22] - Uber's marketplace model with human drivers can naturally adjust to peak demand, allowing for optimized utilization [24] - AVs could lead to more consumers forgoing car ownership, accelerating Uber's business [25] Google (Alphabet) Analysis - Alphabet is successfully executing on its AI potential, with key advantages stemming from industry-leading models and a full-stack approach to technical infrastructure [34] - AI-powered summary responses called AI overviews are now served to more than 2 billion users across 200 countries [37] - Google's cloud segment is a $50 billion run rate revenue business growing at a 30%+ rate [41] - The cloud segment has increased to a 21% profit margin in the most recent quarter [43] - Google has seven different apps with over 2 billion users each [36][45]

Amazon's Stock Performance & Future Potential - Amazon's stock is underperforming compared to other Mag 7 companies, with only a 6% year-to-date return [1] - Despite underperformance, there's belief in Amazon's potential to double its stock price in the next 5 years due to factors like AWS, robotics, and advertising [1] - Amazon Web Services (AWS) revenue grew 175% in the last quarter, with trailing 12 months revenue of $116 billion [1][2] - Amazon has over 4 million customers on AWS, significantly more than competitors like Microsoft Azure and Google Cloud [2] Amazon's Strategic Advantages - Amazon is uniquely positioned to benefit from robotics and automation due to its tech talent, complex operations, and large labor-intensive workforce of over 15 million employees globally [3] - Amazon Prime subscription provides high lifetime value with benefits like fast delivery and entertainment, making it a standard membership for family households [9][10] - Amazon's advertising business is growing near 20%, positioning it as a strong player behind Google and Meta [17] - Amazon's logistics network is expanding, with plans to launch in every major manufacturing location, offering multi-channel fulfillment coverage [24][25] Other Companies and Market Analysis - Netflix is considered a strong company with potential for 20% growth from its current share price of $1200 [47] - YouTube is reversing bans on channels terminated for COVID-19 and election misinformation, aiming for more free speech [41][42]

Welcome back everyone. Today on the Joseph Carlson show, as companies like Google, major companies today, trade off at the beginning of September, as they often do, we have Google hair down 2.44%. The company is now at a market cap of around $2.5% trillion.But we have reason to believe that Google could be worth much more in the very near future. In fact, just around a week ago, CNBC shared this graphic, this breakdown of all the various businesses of Google. We know that Google's not just doing one thing.T ...

Welcome back everyone. Today on the Joseph Carlson show, Nvidia reports earnings. The biggest company in the world is posting its earnings and this gives us a little bit of a weather vein of how things are going to go for the next 3 months.So, we'll be looking at the biggest things to look for going into these earnings as well as follow-up questions from the earnings call. We'll be going over all of that. Now, we also have a lot of other news to get into.For example, Tom Lee is now making the rounds online ...