Woods argument that Drew, which you heard, is that if they continue and achieve the dog goals, that this proposed package is set for mass by the board, then the outperformance of the stock will make it in the interest of shareholders. You don't agree with that. Why.Oh, thank. Thanks. So, you know, we can't predict what the market's going to do.And we're we're evaluating pay packages. We look at them vis a vis the other comparable companies. So let's say he does achieve all those goals.But to say the market ...

How do you digest this sort of market move. Now you're a public company. Well, thanks for having me on, guys.It's great to be with you again. I remember being with you on our on our iPod. Yeah.Look, we're a recently issued stock. We've had two quarters now where we've. The team has done an amazing job executing.We just announced 29% revenue growth year over year, 21% growth in our member base. We added 400,000 new active members. So and we're improving our profitable profitability program profile at the sam ...

Compensation Package & Governance - The proposed compensation package for Elon Musk is a 10-year plan, potentially worth $1 trillion, split into two tranches, contingent on operational and financial milestones [1] - Operational milestones include delivering 20 million vehicles, building 1 million robots, and scaling robotaxi service to 1 million cars [2] - Financial targets involve adjusted EBIT and market capitalization goals, with voting power tied proportionally to milestone achievement [3] - A key point of contention is voting power, particularly for institutional investors and advisory services recommending against the package [3][6] - The board views Musk as irreplaceable, stating he is the only person capable of achieving the set goals [5] - One mandatory requirement for later tranches is Musk's participation in a succession plan, including identifying a successor by year ten [11][12] Shareholder Concerns & Key Man Risk - Major shareholders like Norway's sovereign wealth fund (ninth largest) and CalPERS have voted against the package, citing key man risk [8] - These shareholders believe there is excessive reliance on a single individual, Elon Musk [9] - There are concerns about Tesla potentially funding Elon Musk's other ventures, such as X (formerly Twitter), particularly regarding capital expenditures for data center infrastructure [17] Market & Product Strategy - There is consideration of scrapping the electric version of Ford's F-150 truck [14]

Company Strategy & Performance - Qualcomm's strategy is executing well, exceeding expectations in various aspects [2] - Qualcomm is expanding beyond handsets into diverse markets, showcasing versatility from 5 watts chips for earbuds to 500 watts chips for data centers [3] - Non-Apple related growth reached approximately 18% in the fiscal year [10] - Qualcomm anticipates $2 billion in revenue by fiscal year 2029 from new ventures, currently ahead of schedule [12] - Qualcomm is a technology competent company, ranking number one in America for patent applications last year [14] Market Trends & Opportunities - The premium tier of the handset market is expanding globally, driving growth for Qualcomm and Android [6][7] - Automotive is experiencing significant year-over-year growth, driven by cars becoming "computers on wheels" and Qualcomm gaining market share [9] - Qualcomm is optimistic about personal AI devices, such as smart glasses, as a new category of mobile devices [11] - The need for compute is increasing across various sectors, including phones, cars, and PCs, creating opportunities for innovation [20] - Morgan Stanley estimates a potential $3 trillion investment in data centers by 2028 [18] AI & Data Center Focus - Qualcomm is focused on the next phase of data centers, particularly inference, emphasizing power efficiency [15][16] - Qualcomm is developing a unique architecture optimized for high compute density and efficient power consumption in data centers [17] - The AI market's long-term traffic potential is likely underestimated [22]

Financial Performance - Robinhood's third-quarter net income increased by 271% to $556 million [1] - Assets held at Robinhood reached $333.33 billion (one-third of a trillion) [9] - Prediction markets achieved $100 million in annualized revenue, with a run rate of $300 million [21] Business Growth & Strategy - October showed continued strength, with record net deposits and trading revenues [4] - Robinhood is experiencing sustained engagement driven by the "Robinhood Flywheel," including more customers, deeper engagement, and increased trading volumes [5] - Robinhood's market share is growing across all assets [8] - Robinhood aims to become a 24/7 platform by expanding beyond US equities to include 24-hour markets, crypto, and prediction markets [12] - Robinhood's credit card has surpassed half a million cardholders with $8 billion in annualized spend, offering 3% cash back on all categories [15] - Robinhood has $25 billion in assets entrusted to them in retirement accounts [16] - Robinhood plans to expand into institutional and international markets, aiming for more than half of revenue to come from these sources within ten years [18]

David, I would love to start with you. You're trying to tackle the concept that you have labeled the Franken stack, even though the term is new to me. The concept is something that's been discussed on this program a lot.Just to explain what Riva wants to achieve it. Sure. Well, first off, thanks for having me.It's a big day for us. Look, I is the biggest shift in enterprise software since the cloud. But the reality is, revenue teams are still stuck.And like you said, what we call the Franken stack, which is ...

Dispute Overview - Amazon accuses Perplexity of masking its website activity, alleging automated agents are disguised as regular Google Chrome users [1][2] - Amazon raises concerns about account integrity and responsibility for returns [2] - Perplexity counters, accusing Amazon of bullying and defending its approach as no different from a user navigating with a mouse and keyboard [3][4] Core Issue - The central conflict revolves around control over the customer experience in the age of AI agents [2][6] - Debates are emerging about the definition of a browser and the ownership of online experiences when AI agents are involved [6] Potential Outcomes - The industry anticipates a potential settlement to avoid a public court battle and discovery process [6][7] - The case is viewed as the first of many debates regarding the role of AI agents on the internet and their impact on user experience [6] Amazon's Perspective - Amazon views Perplexity's actions as a potential threat, prompting a defensive response [5] - Amazon is closely monitoring the evolving landscape of AI and its impact on its business [5][6]

A restart with you how it did with Peter, right. The market is confronted with AMD's earnings and trying to work out is this them gaining some territory on Nvidia in the accelerator card market or are they getting a boost, particularly in the quarter gone from those legacy business lines. PC processors, CPU for server, Let's just start there.What did you learn from AMD. Yeah, good morning Ed. We're seeing all of that from AMD.And let's start with what the old boring part aimed at the PC cpu's the standard s ...

Compensation Plan & Shareholder Concerns - The proposed compensation plan for Elon Musk is under scrutiny, with concerns raised about its size and potential dilution [4][5] - Norway's sovereign wealth fund, a significant Tesla shareholder, opposes the pay package due to its magnitude [4] - Proxy advisors have commented on the plan, prompting efforts to ensure shareholders are fully informed about its details and rationale [3][4] Voting & Control - Elon Musk aims to maintain approximately 25% voting influence within Tesla [8] - Current exchange rules prevent the implementation of high-vote or dual-class listings [9] - Under Texas law, insiders, including Elon Musk, can vote their shares on the compensation plan, a change from Delaware law [13][14] Risk Mitigation & Future Strategy - There is a risk that a no vote on the compensation plan could lead to Elon Musk reducing his involvement with Tesla [10] - The board is primarily focused on securing approval for the plan rather than focusing on contingency plans [11][12] - Tesla highlights that the previous compensation plan received over 70% shareholder approval, even without Elon Musk's vote [14] Shareholder Value - A shareholder has experienced a nearly 40,000% increase in their share value since 2011 [7]

The one that caught my eye was the relationship with Google Cloud and bringing the availability of the latest Gemini models to Snowflake. And the reason I want to start with that is you are all about choice, right. Because you can look at anthropic or AI, but there must have been an indication to you, Sridhar, that those Gemini models are in demand amongst your customer base.Hey, it's great to be here. Absolutely. Gemini models are among the best in the world, and a lot of our customers are asking for acces ...