DRAM prices surge 200% as memory cycle peaks
Good morning. Hyperscaler capex acceleration is driving unprecedented pricing power across the semiconductor and memory supply chains.
Memory chip pricing is entering an unprecedented supercycle, with DRAM costs projected to surge over 200% year-over-year as hyperscaler data center buildouts accelerate. Dan Kim warns the market is currently at an eight out of ten for craziness, projecting maximum supply constraints will persist through at least the end of 2027.
The Tape
What the smartest operators are pricing in today — names and trades.
▲ Bull
“we always thought that as the stock went down and down and down on the negative sentiment that people had got it wrong and Google's proving it right now”
Dan Chung · Animal Spirits Podcast
▼ Bear
“YouTube just came out and said, we're demonetizing thousands or millions of like faceless AI generated channels. They're not banning AI. Sure. But they're basically saying we're deprioritizing it.”
Chris Koerner · The Koerner Office - Business Ideas and Deep Dives with Chris Koerner
▲ Bull
“In general, I would just say I think he's the best CEO of all time. The numbers are on my side.”
Josh · The Compound and Friends
▼ Bear
“The second issue is they've like contorted themselves for competitive reasons around a privacy and on device story that is like absolutely like put some far away from the frontier.”
JD · The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
▲ Bull
“What he's saying is we are going to acquire sufficient supply to deliver 70% growth.”
Ben Thompson · Sharp Tech with Ben Thompson
▲ Bull
“I would take meaningful creative risk, but I would never take bankruptcy risk. And that's what this company does. We're not ever going BK under my leadership. That's not happening.”
Strauss Zelnick · The Learning Leader Show With Ryan Hawk
▼ Bear
“Lots of zero money when it turns out that there, oh, there is no such thing as a metaverse. Oops, no one wants VR entertainment.”
Strauss Zelnick · The Learning Leader Show With Ryan Hawk
▲ Bull
“My bullish thesis is memory is becoming more strategically important. AI is dramatically increasing memory demand. Advanced memory is more difficult and capacity-intensive to manufacture.”
Ross Mandell · The Ross Mandell Podcast
▲ Bull
“the companies that are going all in on this, Google, Microsoft, Amazon, Meta, and so forth, they're not going to give up anytime soon. like their CapEx plans for this year and next year have continued acceleration”
Jens Nordvig · The Compound and Friends
▼ Bear
“none of those competitors are at the forefront of AI coding right now, in large part, not because of any incorrect decisions that they made or any lack of resources on their part, but this cultural inability to move quickly”
Roman Ugarte · Lenny's Podcast: Product | Career | Growth
“we always thought that as the stock went down and down and down on the negative sentiment that people had got it wrong and Google's proving it right now”
Today's Signals (16)
Operator-validated investment signals before they reach consensus.
“I would take meaningful creative risk, but I would never take bankruptcy risk. And that's what this company does. We're not ever going BK under my leadership. That's not happening.”
bullish · 10/10 conviction
Discussing: Take-Two's financial risk management
“So one of the things I had to promise to investors around here after we turned around and take two was that I would take meaningful creative risk, but I would never take bankruptcy risk. And that's what this company does. We're not ever going BK under my leadership. That's not happening. We might have some failed projects, but we'll always be there to live, to play another day.”
704: Strauss Zelnick - The Leader Who Greenlit Dirty Dancing, Owns Grand Theft Auto, Loves Being Coached, and Might be the Fittest CEO Alive · Sep 6, 2026
“we always thought that as the stock went down and down and down on the negative sentiment that people had got it wrong and Google's proving it right now”
bullish · 9/10 conviction
Discussing: Google's AI search integration
“They associate themselves with this company. So Google didn't have to be the first to invent anything. And we always thought that as the stock went down and down and down on the negative sentiment that people had got it wrong and Google's proving it right now, which is the easiest way for introduce an ordinary person to AI is is you have the leading search product, and then you power it with AI, and you give them even better and better search results.”
Talk Your Book: AI Winners & Losers · Sep 7, 2026
“YouTube just came out and said, we're demonetizing thousands or millions of like faceless AI generated channels. They're not banning AI. Sure. But they're basically saying we're deprioritizing it.”
bearish · 9/10 conviction
Discussing: platforms deprioritizing AI content
“Snapchat just came out and said, no more AI videos. YouTube just came out and said, we're demonetizing thousands or millions of like faceless AI generated channels. They're not banning AI. Sure. But they're basically saying we're deprioritizing it. Right.”
The $7K/Month Side Hustle Most People Think AI Killed - Ep. #333 · Sep 8, 2026
“will a handful of CIOs get very publicly flogged and fired in the next year? because they accidentally didn't understand this and just did an API deal because they wanted to feel popular and leaked data into these models? Guaranteed.”
bearish · 9/10 conviction
Discussing: enterprise AI data leakage risks
“And what they will do is they'll stand up your own hardware, and then you'll stand up your own models, and then they'll provision those models to you. And that's how you should probably be consuming it. And if you don't do that, you are creating risk. And look, let's be clear, will a handful of CIOs get very publicly flogged and fired in the next year? because they accidentally didn't understand this and just did an API deal because they wanted to feel popular and leaked data into these models? Guaranteed. Why will people get fired, Shamath?”
AI Kills Everybody or Doomer Psyop? OpenAI's Math Breakthrough, Nike's $200B Collapse · Sep 11, 2026
“So what I often say is walk away. But when you do, you have to pave a path for graceful reentry.”
neutral · 9/10 conviction
Discussing: the right way to walk away
“They're walking away, but it's more of a stalemate and an insult. It's like, I don't need you. It's not a thoughtful walk away with a path to coming back to make the deal. So what I often say is walk away. But when you do, you have to pave a path for graceful reentry.”
Best of Negotiations: Daylian Cain · Aug 31, 2026
“And consistently, we found that high levels of psychopathy was associated with less influence in government. It was also associated with making less money as a hedge fund manager, whereas it's very like counterintuitive, I think, to people.”
bearish · 9/10 conviction
Discussing: psychopathy and hedge fund performance
“So we were kind of pitting these like good versus evil concepts against each other. And consistently, we found that high levels of psychopathy was associated with less influence in government. It was also associated with making less money as a hedge fund manager, whereas it's very like counterintuitive, I think, to people. What about some of these other ones like narcissism and Machiavellian?”
Human Lie Detector: The #1 Sign They’re Lying To You, Catch Liars Instantly! | Dr Leanne Ten Brinke · Sep 7, 2026
“In general, I would just say I think he's the best CEO of all time. The numbers are on my side.”
bullish · 9/10 conviction
Discussing: Tim Cook's legacy at Apple
“I would not say he's a better inventor. Right, obviously. Or product creator or creative. In general, I would just say I think he's the best CEO of all time. The numbers are on my side.”
Tim Cook the GOAT? Snowflake earnings preview, the software comeback, reactions to Ed Zitron · Sep 1, 2026
“we have a 2028, 2029 maturity cliff or maturity wall that is going to result in a significant portion of defaults and losses and deep loss severities”
bearish · 9/10 conviction
Discussing: 2028-2029 maturity cliff
“Now, as we roll that clock forward, that cash flow situation is not improving. Rates are high and likely to stay higher, especially because of inflation tied to the war. And then we have a 2028, 2029 maturity cliff or maturity wall that is going to result in a significant portion of defaults and losses and deep loss severities, especially because a lot of these businesses that were LBO'd prior to the last year or two were asset light businesses. And to Bob's point, they've been starved of cash.”
Crossroads · Sep 10, 2026
“Lots of zero money when it turns out that there, oh, there is no such thing as a metaverse. Oops, no one wants VR entertainment.”
bearish · 9/10 conviction
Discussing: consumer demand for VR entertainment
“I said, well, we're not devoting capital to this. We got every single VR project we did here, we got paid for and made a margin on every single one of them. Lots of zero money when it turns out that there, oh, there is no such thing as a metaverse. Oops, no one wants VR entertainment. And, you know, that's just the state of play.”
704: Strauss Zelnick - The Leader Who Greenlit Dirty Dancing, Owns Grand Theft Auto, Loves Being Coached, and Might be the Fittest CEO Alive · Sep 6, 2026
“the companies that are going all in on this, Google, Microsoft, Amazon, Meta, and so forth, they're not going to give up anytime soon. like their CapEx plans for this year and next year have continued acceleration”
bullish · 9/10 conviction
Discussing: hyperscaler infrastructure investments
“But I think what we can say with great confidence that the companies that are going all in on this, Google, Microsoft, Amazon, Meta, and so forth, they're not going to give up anytime soon. like their CapEx plans for this year and next year have continued acceleration in them, right? And in terms of how many bonds they're going to issue, it's kind of like a nonlinear thing because initially they could fund it out of their free cash flow, right?”
The Most Interesting Macro Moment of My Lifetime with Jens Nordvig · Sep 11, 2026
“The vast majority of stocks in the S&P 500, particularly in the largest stocks, if you run them through those dividend discount models, would suggest that they are trading at valuations that are much, much, much higher than they deserve.”
bearish · 9/10 conviction
Discussing: large cap equity valuations
“I encourage people who have access to a Bloomberg go into Bloomberg type in a PL Apple equity DDM. There is a dividend discount model which At one point, people used enough that they would incorporate the feature within Bloomberg. It was a very quick valuation check that you could run. The vast majority of stocks in the S&P 500, particularly in the largest stocks, if you run them through those dividend discount models, would suggest that they are trading at valuations that are much, much, much higher than they deserve. In the case of some of these stocks, that are amongst the 10 to 25 largest.”
E428: Michael Green on Peter Thiel, SpaceX, and Inefficient Markets · Sep 11, 2026
“What he's saying is we are going to acquire sufficient supply to deliver 70% growth.”
bullish · 9/10 conviction
Discussing: Nvidia's revenue forecasting and supply constraints
“You are selling every single chip you can make and you can forecast it that way. We're going to grow 70% next year. What he's saying is we are going to acquire sufficient supply to deliver 70% growth. Yeah, like that's why in your NVIDIA coverage, I believe it was a week ago, you said their real moat is their supply chains at this point.”
(Preview) Fable 5.1 and Anthropic’s Data Retention Pivot, AI Civilizations and Related Matters, Q&A on Meta, Shopify, 3-D Printing · Sep 3, 2026
Sector Heat
Where conviction's concentrated this week — and where it's cooling.
Information Technology
▲ 93.0%tailwind
Hyperscaler capital expenditures and agentic workflow adoption are driving unprecedented demand for compute infrastructure.
Communication Services
▲ 338.0%tailwind
Premium media business models and AI-integrated search platforms are demonstrating unexpected resilience against generative content.
Financials
▲ 120.0%watching
Private credit faces a looming maturity wall while tokenized equities and prediction markets gain retail traction.
From the Conversations
The Learning Leader Show With Ryan Hawk
704: Strauss Zelnick - The Leader Who Greenlit Dirty Dancing, Owns Grand Theft Auto, Loves Being Coached, and Might be the Fittest CEO Alive
Sep 6, 2026 · 52m · 2 quotes pulled
▶ Listen“I would take meaningful creative risk, but I would never take bankruptcy risk. And that's what this company does. We're not ever going BK under my leadership. That's not happening.”
“So one of the things I had to promise to investors around here after we turned around and take two was that I would take meaningful creative risk, but I would never take bankruptcy risk. And that's what this company does. We're not ever going BK under my leadership. That's not happening. We might have some failed projects, but we'll always be there to live, to play another day.”
Talk Your Book: AI Winners & Losers
Sep 7, 2026 · 34m · 1 quote pulled
▶ Listen“we always thought that as the stock went down and down and down on the negative sentiment that people had got it wrong and Google's proving it right now”
“They associate themselves with this company. So Google didn't have to be the first to invent anything. And we always thought that as the stock went down and down and down on the negative sentiment that people had got it wrong and Google's proving it right now, which is the easiest way for introduce an ordinary person to AI is is you have the leading search product, and then you power it with AI, and you give them even better and better search results.”
The Koerner Office - Business Ideas and Deep Dives with Chris Koerner
The $7K/Month Side Hustle Most People Think AI Killed - Ep. #333
Sep 8, 2026 · 1h 2m · 1 quote pulled
▶ Listen“YouTube just came out and said, we're demonetizing thousands or millions of like faceless AI generated channels. They're not banning AI. Sure. But they're basically saying we're deprioritizing it.”
“Snapchat just came out and said, no more AI videos. YouTube just came out and said, we're demonetizing thousands or millions of like faceless AI generated channels. They're not banning AI. Sure. But they're basically saying we're deprioritizing it. Right.”
Sources
▶ ListenAnimal Spirits Podcast
Talk Your Book: AI Winners & LosersOn this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Alger's Dan Chung to discuss: investing in concentrated portfolios, what it's like picking stocks during a boom, sorting through the winners & losers in AI, Meta vs. Google and more. Find complete show notes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Feel free to shoot us an email at [email protected] with any feedback, questions, recommendations, or ideas for future topics of conversation. Check out the latest in financial blogger fashion at The Compound shop: https://idontshop.com Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Alger Disclosure: The views expressed are the views of Fred Alger Management, LLC (FAM) and its affiliates as of August 2026. This material is not meant to provide investment advice and should not be considered a recommendation to purchase or sell securities. Holdings are subject to change. Past performance is not indicative of future performance. Risk Disclosures: Investing in the stock market involves risks, including the potential loss of principal. Growth stocks may be more volatile than other stocks as their prices tend to be higher in relation to their companies’ earnings and may be more sensitive to market, political, and economic developments. Before investing, carefully consider the Fund’s investment objective, risks, charges, and expenses. For a prospectus and summary prospectus containing this and other information or for the Fund’s most recent month-end performance data, visit www.alger.com, call (800) 223-3810 or consult your financial advisor. Read the prospectus and summary prospectus carefully before investing. Distributor: Fred Alger & Company, LLC. Listed on NYSE Arca, Inc. NOT FDIC INSURED. NOT BANK GUARANTEED. MAY LOSE VALUE. Learn more about your ad choices. Visit megaphone.fm/adchoices
▶ ListenThe Koerner Office - Business Ideas and Deep Dives with Chris Koerner
The $7K/Month Side Hustle Most People Think AI Killed - Ep. #333<p>Check out my newsletter at <a href="https://tkopod.com/" rel="ugc noopener noreferrer" target="_blank">https://TKOPOD.com</a> and join my community at <a href="https://tkowners.com/" rel="ugc noopener noreferrer" target="_blank">https://TKOwners.com</a></p><p>━</p><p><br /></p><p><br /></p><p>I sat down with <strong>Steph Spector</strong>, a freelance writer, editor, and coach making around <strong>$6K to $7K a month</strong> in the age of AI. We talked about why companies still pay her up to <strong>$1,200 per article</strong>, how she uses tools like <strong>Claude, Gemini, and ChatGPT</strong> without letting them replace her voice, and why real human experience is becoming more valuable. Steph also breaks down how beginners can build a portfolio, find clients through <strong>Upwork</strong> and cold outreach, and turn freelance writing into a real business.</p><p><br /></p><p>Find Steph and learn more about working with her:<br /><a href="https://stephspector.com" rel="ugc noopener noreferrer" target="_blank">https://stephspector.com/</a></p><p><br /></p><p><br /></p><p>Enjoy!</p><p>---</p><p>Watch this on <strong>YouTube</strong> instead here: <a href="https://www.youtube.com/@thekoerneroffice?sub_confirmation=1" rel="ugc noopener noreferrer" target="_blank">tkopod.co/p-yt</a></p><p><strong>Ask me a question</strong> on or off the show here: <a href="http://tkopod.co/p-ask" rel="ugc noopener noreferrer" target="_blank">http://tkopod.co/p-ask</a></p><p>Learn more about <strong>me:</strong> <a href="http://tkopod.co/p-cjk" rel="ugc noopener noreferrer" target="_blank">http://tkopod.co/p-cjk</a></p><p>Learn about <strong>my company: </strong><a href="http://tkopod.co/p-cof" rel="ugc noopener noreferrer" target="_blank">http://tkopod.co/p-cof</a></p><p>Follow me on <strong>Twitter</strong> here: <a href="http://tkopod.co/p-x" rel="ugc noopener noreferrer" target="_blank">http://tkopod.co/p-x</a></p><p><a href="http://tkopod.co/p-x" rel="ugc noopener noreferrer" target="_blank"></a>Free weekly <strong>business ideas newsletter:</strong> <a href="http://tkopod.co/p-nl" rel="ugc noopener noreferrer" target="_blank">http://tkopod.co/p-nl</a></p><p><strong>Share this podcast:</strong> <a href="http://tkopod.co/p-all" rel="ugc noopener noreferrer" target="_blank">http://tkopod.co/p-all</a></p><p><strong>Scrape</strong> small <strong>business data:</strong> <a href="http://tkopod.co/p-os" rel="ugc noopener noreferrer" target="_blank">http://tkopod.co/p-os</a></p><p><a href="http://tkopod.co/p-os" rel="ugc noopener noreferrer" target="_blank"></a>---</p>
▶ ListenAll-In with Chamath, Jason, Sacks & Friedberg
AI Kills Everybody or Doomer Psyop? OpenAI's Math Breakthrough, Nike's $200B Collapse<p>(0:00) Bestie intros!</p> <p>(0:35) AI Doomsday: Valid concern or Doomer psyop?</p> <p>(33:40) Steelmanning AI Doomsday scenarios and the impact on Anthropic's IPO</p> <p>(58:45) OpenAI says it cracked a 200 year old math problem, but did it front-run users with their own data?</p> <p>(1:19:55) Nike removed from S&P 100 after stock tanks 80%: What went wrong?</p> <p>Follow the besties:</p> <p><a href="https://x.com/chamath">https://x.com/chamath</a></p> <p><a href="https://x.com/Jason">https://x.com/Jason</a></p> <p><a href= "https://x.com/DavidSacks">https://x.com/DavidSacks</a></p> <p><a href= "https://x.com/friedberg">https://x.com/friedberg</a></p> <p>Follow on X:</p> <p><a href= "https://x.com/theallinpod">https://x.com/theallinpod</a></p> <p>Follow on Instagram:</p> <p><a href= "https://www.instagram.com/theallinpod">https://www.instagram.com/theallinpod</a></p> <p>Follow on TikTok:</p> <p><a href= "https://www.tiktok.com/@allin">https://www.tiktok.com/@allin</a></p> <p>Follow on LinkedIn:</p> <p><a href= "https://www.linkedin.com/company/allinpod">https://www.linkedin.com/company/allinpod</a></p> <p>Intro Music Credit:</p> <p><a href="https://rb.gy/tppkzl">https://rb.gy/tppkzl</a></p> <p><a href= "https://x.com/yung_spielburg">https://x.com/yung_spielburg</a></p> <p>Intro Video Credit:</p> <p><a href= "https://x.com/TheZachEffect">https://x.com/TheZachEffect</a></p> <p>Referenced in the show:</p> <p><a href= "https://x.com/hilbertspaess/status/2097476196791709843">https://x.com/hilbertspaess/status/2097476196791709843</a></p> <p><a href= "https://x.com/EvanHub/status/2097497037956891126">https://x.com/EvanHub/status/2097497037956891126</a></p> <p><a href= "https://x.com/BernieSanders/status/2097705093520863568">https://x.com/BernieSanders/status/2097705093520863568</a></p> <p><a href= "https://x.com/GovPritzker/status/2097715871309312220">https://x.com/GovPritzker/status/2097715871309312220</a></p> <p><a href= "https://x.com/DavidSacks/status/2097861539491463331">https://x.com/DavidSacks/status/2097861539491463331</a></p> <p><a href= "https://www.youtube.com/watch?v=e_ZDQKq2F08">https://www.youtube.com/watch?v=e_ZDQKq2F08</a></p> <p><a href= "https://x.com/DavidSacks/status/2097861539491463331">https://x.com/DavidSacks/status/2097861539491463331</a></p> <p><a href= "https://polymarket.com/event/ipos-before-2027">https://polymarket.com/event/ipos-before-2027</a></p> <p><a href= "https://x.com/bgurley/status/2097690522437444050">https://x.com/bgurley/status/2097690522437444050</a></p> <p><a href= "https://x.com/polynoamial/status/2097381286193316203">https://x.com/polynoamial/status/2097381286193316203</a></p> <p><a href= "https://x.com/OpenAI/status/2097374640582668336">https://x.com/OpenAI/status/2097374640582668336</a></p> <p><a href= "https://x.com/OpenAI/status/2097375276384567642">https://x.com/OpenAI/status/2097375276384567642</a></p> <p><a href= "https://finance.yahoo.com/markets/stocks/articles/nike-loses-spot-p-100-120000497.html"> https://finance.yahoo.com/markets/stocks/articles/nike-loses-spot-p-100-120000497.html</a></p> <p><a href= "https://x.com/libsoftiktok/status/2096970501017010461">https://x.com/libsoftiktok/status/2096970501017010461</a></p> <p><a href= "https://x.com/spencerpratt/status/2096390079132360936">https://x.com/spencerpratt/status/2096390079132360936</a></p> <p><a href= "https://x.com/DrEliDavid/status/2096519550103691364">https://x.com/DrEliDavid/status/2096519550103691364</a></p>
▶ ListenThe 10X Capital Podcast
E428: Michael Green on Peter Thiel, SpaceX, and Inefficient MarketsWhat if passive investing is actually one of the biggest active forces shaping markets today? In this episode, I sit down with Michael Green, Founder and CIO at Tier1 Alpha Asset Management. Michael challenges the conventional view that stock prices primarily reflect fundamentals, arguing that the transaction itself moves prices and that the rise of passive investing has fundamentally changed who trades, why they trade, and how markets respond to capital flows.
▶ ListenCapital Allocators – Inside the Institutional Investment Industry
Best of Negotiations: Daylian Cain<p><span data-8ba188f7-1cd3-4f3f-9e28-1ad8e591628c-7="true">This week's Summer Series is another two-fer, this time on negotiations. The first is with legendary former FBI-hostage negotiator Chris Voss, the author of Never Split the Difference and founder of the Black Swan group where he teaches tactical empathy in negotiations. The second is with Yale professor Daylian Cain, who opened my eyes to the importance of walking away.<br data-8ba188f7-1cd3-4f3f-9e28-1ad8e591628c-27= "true" /></span></p> <p><span data-8ba188f7-1cd3-4f3f-9e28-1ad8e591628c-7= "true"><br data-8ba188f7-1cd3-4f3f-9e28-1ad8e591628c-28="true" /> Learn more about <a title="" href= "https://www.capitalallocators.com/capital-allocators-university/" data-8ba188f7-1cd3-4f3f-9e28-1ad8e591628c-30="true">Capital Allocators University</a>.<br data-8ba188f7-1cd3-4f3f-9e28-1ad8e591628c-33= "true" /></span></p> <p><span data-8ba188f7-1cd3-4f3f-9e28-1ad8e591628c-7= "true"><br data-8ba188f7-1cd3-4f3f-9e28-1ad8e591628c-34="true" /> Try <a title="" href="https://tryalex.admiredleadership.com" data-8ba188f7-1cd3-4f3f-9e28-1ad8e591628c-36="true">ALEX</a> by Admired Leadership.<br data-8ba188f7-1cd3-4f3f-9e28-1ad8e591628c-39="true" /> </span></p> <p><span data-8ba188f7-1cd3-4f3f-9e28-1ad8e591628c-7= "true"><br data-8ba188f7-1cd3-4f3f-9e28-1ad8e591628c-40="true" /> <strong data-8ba188f7-1cd3-4f3f-9e28-1ad8e591628c-41="true">Learn More</strong><br data-8ba188f7-1cd3-4f3f-9e28-1ad8e591628c-43= "true" /> Follow Ted on Twitter at <a title="" href= "https://twitter.com/tseides?lang=en" data-8ba188f7-1cd3-4f3f-9e28-1ad8e591628c-45= "true">@tseides</a> or <a title="" href= "https://www.linkedin.com/in/tedseides/" data-8ba188f7-1cd3-4f3f-9e28-1ad8e591628c-48= "true">LinkedIn</a><br data-8ba188f7-1cd3-4f3f-9e28-1ad8e591628c-50="true" /> Subscribe to the <a title="" href= "https://capitalallocators.com/" data-8ba188f7-1cd3-4f3f-9e28-1ad8e591628c-52="true">mailing list</a><br data-8ba188f7-1cd3-4f3f-9e28-1ad8e591628c-54="true" /> Access Transcript with <a title="" href= "https://capitalallocators.com/signup" data-8ba188f7-1cd3-4f3f-9e28-1ad8e591628c-56="true">Premium Membership</a></span></p> <p><span data-8ba188f7-1cd3-4f3f-9e28-1ad8e591628c-7= "true"><br data-8ba188f7-1cd3-4f3f-9e28-1ad8e591628c-58="true" /> Editing and post-production work for this episode was provided by The Podcast Consultant (<a title="" href= "https://thepodcastconsultant.com/" data-8ba188f7-1cd3-4f3f-9e28-1ad8e591628c-61= "true">https://thepodcastconsultant.com</a>)</span></p>
▶ ListenThe Diary Of A CEO with Steven Bartlett
Human Lie Detector: The #1 Sign They’re Lying To You, Catch Liars Instantly! | Dr Leanne Ten BrinkeAre you dealing with a master manipulator? Learn how to identify the hidden red flags of liars, psychopaths and narcissists before they cause lasting damage. Dr. Leanne ten Brinke, a renowned psychologist and director of the Truth and Trust Lab at the University of British Columbia, breaks down the science of deception and toxic behavior. Drawing from her extensive peer-reviewed research and her eye-opening book, Poisonous People, she shares practical, evidence-based strategies to help you recognize dark personality traits and protect your mental well being. In this episode, she explains: ■ The Warning Signs: How to spot the early behavioral red flags of the "Dark Tetrad" (psychopathy, narcissism, Machiavellianism, and sadism) before you get hurt. ■ The Manipulation Playbook: The exact psychological tactics toxic individuals use to control and deceive others, including what gaslighting actually means. ■ The Lie-Detector Myth: Why relying on eye contact, fidgeting, and body language is actually a terrible way to catch a liar. ■ The Two Faces of Narcissism: How to identify the different types (including why one completely crumbles at the slightest criticism), and the devastating toll of working for a psychopathic boss. ■ Defense Strategies: Proven techniques to outsmart dangerous personalities, set ironclad boundaries, and dramatically improve your life. Chapters 00:00:00 Intro 00:02:21 Why This Research Into Psychopathy Matters 00:02:58 Why Psychopathy Is Getting More Attention 00:04:05 Can You Spot a Psychopath in 5 Seconds? 00:05:30 How Facial Expressions Reveal What People Really Feel 00:08:56 Can You Predict If Someone Is Guilty? 00:09:59 Three Signs Someone Might Be Lying 00:13:46 Can Anyone Learn to Spot a Liar? 00:20:29 Why the Eye Contact Myth Gets Body Language Wrong 00:21:53 Psychopathy, Narcissism, Machiavellianism and Sadism Explained 00:34:49 The Biggest Myths About Psychopaths Debunked 00:36:28 How Common Are Dark Personality Traits? 00:38:05 Are Dark Traits Caused by Genetics or Childhood? 00:41:13 How to Increase Your Chances of Becoming a Good Parent 00:44:23 What Happens Inside a Psychopath's Brain? 00:46:06 Can Dark Personality Traits Be Cured? 00:49:30 Ads 00:51:32 Why Being Lied to Makes You Feel Distant 00:57:14 Can You Be Warm and Competent at the Same Time? 00:59:57 Why Dark Personality Traits Don't Get You Ahead 01:04:43 What a Real Job Applicant's Voice Note Revealed 01:09:06 How to Spot Red Flags in Dating Profiles and Relationships 01:17:08 Ads 01:18:17 Why Setting Boundaries Matters More Than You Think 01:19:36 7 Rules for Dealing With Dark Personalities 01:23:32 How to Spot Gaslighting and Coercive Control 01:27:55 7 Rules for Dealing With Dark Personalities Continued 01:35:03 How to Communicate With Dark Personalities 01:37:54 How to Become a Better Detective of People's Cues 01:38:25 Why You Should Avoid Face to Face Negotiations 01:42:18 Three Mistakes People Make With Dark Personalities 01:44:02 How the 10% Do the Damage and the Biggest Lie About Success 01:45:35 What Is the Greatest Lie We've All Been Told? Independent Fact Check: https://stevenbartlett.com/wp-content/uploads/2026/09/DOAC-Leanne-ten-Brinke-Independent-Research-Further-Reading-v1.pdf Follow Leanne: YouTube - https://link.thediaryofaceo.com/EkuzZ3K Instagram - https://link.thediaryofaceo.com/2MRcXEs TikTok - https://link.thediaryofaceo.com/EL537g7 You can purchase Leanne’s book, ‘Poisonous People: Psychopathy, Narcissism, Manipulation, Sadism: How to Resist Them and Improve Your Life’, here: https://link.thediaryofaceo.com/3lYxLjb Learn more from the online resources, here: Assess your own levels of (light and) dark traits - https://link.thediaryofaceo.com/1OsGuG0 Get support - https://link.thediaryofaceo.com/4F2i8Oj The Diary Of A CEO: ◼ Join DOAC circle here - https://doaccircle.com/ ◼ Buy The Diary Of A CEO book here - https://link.thediaryofaceo.com/BWjLTZK ◼ Shop The Diary Of A CEO collection: https://thediary.com/collections/shop ◼ Get email updates - https://bit.ly/diary-of-a-ceo-yt ◼ Follow Steven - https://g2ul0.app.link/gnGqL4IsKKb Sponsors: Fiverr - https://fiverr.com/diary and get 10% off your first order when you use code DIARY Wispr - Get 14 days of Wispr Flow for free at https://wisprflow.ai/steven
▶ ListenThe Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: The $100 Billion AI Assistant Race: Town vs Instinct vs GrokBot | We Spend $75K Per Engineer on AI Tools | Why the AI Assistant Market Is Not a Bubble & AI Assistants Will Replace Every App on Your Phone with JD, Founder of Town<p>Jean-Denis "JD" Grèze is the Co-Founder and CEO of Town, the AI work assistant reportedly in talks to raise funding at a $1BN valuation. Before founding Town, JD spent seven years as CTO of Plaid. Before Plaid, he was Director of Engineering at Dropbox. He is also a prolific angel investor backing companies including Modal, BaseTen, Merge and NexHealth.</p> <p>AGENDA:</p> <p>00:00 Why AI Assistants Are Silicon Valley's Hottest Market<br data-start="122" data-end="125" /> 07:00 How Does Town Compete With Grokbot, Instinct and Big Tech?<br data-start="189" data-end="192" /> 11:00 Will We Have One AI Agent or Different Agents for Every Part of Our Lives?<br data-start="272" data-end="275" /> 17:00 How Many Mistakes Can AI Agents Make Before We Stop Trusting Them?<br data-start="347" data-end="350" /> 20:00 How Does Town Choose the Best Models Without Destroying Its Margins?<br data-start="424" data-end="427" /> 29:00 Is the AI Assistant Market Already Too Crowded?<br data-start="480" data-end="483" /> 37:00 Can Apple Win the Agent Race—and Are We Entering a Cybersecurity Nightmare?<br data-start="564" data-end="567" /> 41:00 What Does a Successful Town User Look Like—and Which Pricing Tier Makes Money?<br data-start="651" data-end="654" /> 47:00 What Will AI Agents Be Able to Do in Three Years That They Cannot Do Today?<br data-start="735" data-end="738" /> 54:00 Is the Skepticism Around Billion-Dollar AI Assistant Companies Justified?<br data-start="817" data-end="820" /> 58:00 What Needs to Happen for Town to Become a $100BN Company?<br data-start="883" data-end="886" /> 1:02:00 How Has AI Changed Hiring—and Why Does Town Spend $75K Per Engineer on AI Tools?<br data-start="974" data-end="977" /> 1:06:00 What Is JD Most Excited About Over the Next Decade?</p>
▶ ListenThe Compound and Friends
Tim Cook the GOAT? Snowflake earnings preview, the software comeback, reactions to Ed ZitronJoin Downtown Josh Brown and Michael Batnick for another episode of What Are Your Thoughts and see what they have to say about: Snowflake ahead of earnings and what the report could tell us about AI demand and the future of software. They also look back at Tim Cook’s incredible run at Apple, debate whether software stocks are really dead, discuss the sudden momentum crash hitting Wall Street, Clear Secure, and much more. This episode is sponsored by Betterment Advisor Solutions. Learn more at Betterment.com/advisors Please take our 2026 audience survey HERE. Sign up for The Compound Newsletter and never miss out! Instagram: https://instagram.com/thecompoundnews Twitter: https://twitter.com/thecompoundnews LinkedIn: https://www.linkedin.com/company/the-compound-media/ TikTok: https://www.tiktok.com/@thecompoundnews Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices
▶ ListenThe Insight by Oaktree Capital
CrossroadsBob O’Leary and Armen Panossian (Co-CEOs, Credit) shared their latest credit market insights in a recent webcast held for clients. They discussed the forces reshaping the direct lending landscape and examined how investors can assess risk and capture opportunities in an increasingly complex lending environment. Listen to an excerpt from the conversation in the latest episode of The Insight: Conversations.
▶ ListenSharp Tech with Ben Thompson
(Preview) Fable 5.1 and Anthropic’s Data Retention Pivot, AI Civilizations and Related Matters, Q&A on Meta, Shopify, 3-D PrintingOn today’s show Ben and Andrew begin with notes on a home networking project before turning to the release of Fable 5.1, including Anthropic’s announcement that it has walked back the data retention safety initiative the company announced earlier this year. From there: Reactions to a viral post on the OpenAI-Hugging Face incident, the problem with anthropomorphizing machines, and why Ben finds this discourse unhinged and unproductive. At the end: Follow-ups to last week’s Meta discussion on the tension between libertarian and conservative impulses, Shopify is a platform and not an aggregator (and that’s great), a well-timed question about 3-D Printing, an F1 app PSA, a listener’s girlfriend hates vibe coding, and apropos of last week, a pronunciation email.
- ▶ Listen
Sharp Tech with Ben Thompson
(Preview) Astra (and AGI?) Arrives, Meta’s Muse and the Agent Opportunity, Anthropic and the Revival of (P)Doom AngstAndrew and Ben begin with Ben’s article on Tuesday on the transformative value of LLMs writing things down. Topics include: How assistants have helped Ben solve his blindspots, the omnicompetent assistants that are now available to everyone, a brief detour into markdown file history, the arrival of OpenAI’s Astra models, a future of models that use computers, the astounding value of a pro subscription to Anthropic and OpenAI, and the pace of AI progress in the fall of 2026. From there: More on the Hugging Face incident, a listener asks for advice on getting started with agents, and Meta’s Muse arrives to help normal unlock the potential of agents. At the end: Reactions to a pair of viral p(doom) tweets from Anthropic employees, why one writer’s pandemic callback offers an unintentionally instructive parallel, and an emotional announcement about the iPhone Air.
▶ ListenThe Learning Leader Show With Ryan Hawk
704: Strauss Zelnick - The Leader Who Greenlit Dirty Dancing, Owns Grand Theft Auto, Loves Being Coached, and Might be the Fittest CEO Alive<p>The Learning Leader Show with Ryan Hawk <a href= "https://www.LearningLeader.com">www.LearningLeader.com</a></p> <p><strong>My new book, <a href="https://amzn.to/4cNwKso" target="_blank" rel="noopener">The Price of Becoming</a>, is a USA Today, LA Times, Success Magazine, and Publishers Weekly bestseller! I think you'll find it useful.</strong></p> <p>This is brought to you by <a href= "https://insightglobal.com/learningleader/" target="_blank" rel= "noopener">Insight Global</a>. If you need to hire one person, hire a team of people, or transform your business through Talent or Technical Services, Insight Global's team of 30,000 people around the world has the hustle and grit to deliver.</p> <p><strong>Key Learnings</strong></p> <p><strong>All the greats have a coach.</strong> <span style= "font-weight: 400;">Strauss is one of the most disciplined humans alive, and he has had one since he was 30. His argument: Tom Brady is an amazing athlete, but would he have performed as well with no coach, or a lousy one?</span></p> <p><strong>A great coach is objective, encouraging, smart, and experienced.</strong> <span style="font-weight: 400;">They warn you of obstacles you can't see yet.</span></p> <p><strong>Strauss doesn't want the Socratic method from his coach. He wants direct advice.</strong> <span style= "font-weight: 400;">He'll use questions when he's leading others. But when he brings a problem to his own coach, he wants to be told: "</span><span style="font-weight: 400;">You have that wrong; you're missing this."</span></p> <p><strong>So What?</strong> <span style= "font-weight: 400;">Strauss was avoiding a confrontation because he knew the other person would be really upset. His coach said, "</span><span style="font-weight: 400;">So what?</span><span style="font-weight: 400;">" He had the conversation. The person was upset. They got to the other side, and it was better than leaving it out there.</span></p> <p><strong>Bad news doesn't get better with age.</strong></p> <p><strong>The most effective people are the most open-minded and self-critical.</strong> <span style="font-weight: 400;">The ones who insist they don't need a coach are usually the ones losing.</span></p> <p><strong>"Arrogance is the enemy of continued success."</strong></p> <p><strong>Humility isn't pretending you're not good.</strong> <span style="font-weight: 400;">Strauss says claiming he's bumbling through the job would be silly, and he's proud of what he does well. The humility is in staying open. His team's description of him: strongly held opinions, freely shared, and a mind that changes when the facts do.</span></p> <p><strong>"You're just a terrible speaker."</strong> <span style="font-weight: 400;">Strauss was 31, newly president of Vestron, and had written an eloquent after-dinner speech he was proud of. He read it off the page. His boss pulled him aside afterward and told him it was terrible.</span></p> <p><strong>What two days of media training taught Strauss:</strong></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Talk about what the audience cares about, not what you want to say</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Never deliver a written speech unless you're President of the United States</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Inject your personality</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Try to make them laugh</span></li> </ul> <p><strong>Be of service to the audience.</strong> <span style= "font-weight: 400;">Strauss opens his class at MIT Sloan by asking the students why they came and what they want out of it. It surprises them every time, because speakers never ask.</span></p> <p><strong>One meeting with 20 people beats 20 meetings with one person.</strong> <span style="font-weight: 400;">A young CEO Strauss coaches was sleeping four hours a night and spending 20 hours a week on one-on-ones. Strauss told him to do one weekly meeting with all 20. </span></p> <p><strong>Delegate with information.</strong> <span style= "font-weight: 400;">Everyone running a group is in the same room once a week and shares everything, including the problems. If it's business, it goes in the room. If it's personal, they can talk one-on-one. Politics shrink because nobody has information nobody else has.</span></p> <p><strong>Happy stuff doesn't reach the CEO's desk.</strong> <span style="font-weight: 400;">If it landed on his desk, it's either bad or genuinely complex. That's the system working.</span></p> <p><strong>Align the words with the dollar signs.</strong> <span style="font-weight: 400;">Mission, strategy, culture, and compensation all have to point in the same direction. Say you want to be the best in the world while paying people regardless of performance, and they will follow the money every time.</span></p> <p><strong>The worst comp structure is CEO discretion.</strong> <span style="font-weight: 400;">It builds a culture where everyone is trying to please one person, and people think pleasing someone means telling them what they want to hear.</span></p> <p><strong>Hire the most talented people on earth, then support them through thick and thin.</strong> <span style= "font-weight: 400;">Strauss greenlit Dirty Dancing at Vestron on a $5.5 million budget. The first-time director was too scared to speak, so the team pitched it. They claimed the film would change how women dressed, produce an award-winning soundtrack, and win an Oscar. Strauss thought the pitch was nonsense. He didn't even like the script. He greenlit it anyway because he trusted the team over his own judgment. It became the biggest independent hit of all time to that date, a record it held until The Blair Witch Project.</span></p> <p><strong>Be a good judge of talent, not of products.</strong> <span style="font-weight: 400;">Knowing which one you are is the whole thing.</span></p> <p><strong>Leave the escape hatches open.</strong> <span style= "font-weight: 400;">When competitors poured hundreds of millions into VR and the metaverse, Strauss said no. But Take-Two did enough experimentation to move fast if he was wrong, and got paid for every VR project they took on. They lost nothing on the wrong bet.</span></p> <p><strong>Be creatively risk-forward and financially risk-averse.</strong> <span style="font-weight: 400;">A well-run film studio had a 30 percent hit ratio, meaning 70 percent of what it released broke even or lost money. So you build the balance sheet first, then take the creative swings.</span> <span style= "font-weight: 400;">"If you can't afford to lose, you don't play the game."</span></p> <p><strong>Carl Icahn won because he was a good poker player with a huge stack of chips.</strong> <span style="font-weight: 400;">When things went against him, he didn't sit around moaning. He went to the next game.</span></p> <p><strong>At 68, he's up at 4:45 and in the gym by 6:45, often twice a day.</strong> <span style="font-weight: 400;">Looking your best is a form of respect for other people and for yourself. If you look sloppy and out of shape, it's harder to lead. The other half is simply feeling good enough to show up with energy and a smile.</span></p> <p><strong>He refuses to hold anyone else to his own personal standard.</strong> <span style="font-weight: 400;">Everyone is on their own journey, and he doesn't want clones. Thirty minutes of walking five days a week is genuinely good for you. That person is showing up for themselves too.</span></p> <p><strong>No AI slop in Grand Theft Auto.</strong> <span style= "font-weight: 400;">Take-Two builds handcrafted, building by building. Their teams will use state-of-the-art tools to do great work more efficiently. What they won't do is push a button on someone else's model and call the output theirs.</span></p> <p><strong>"That's yesterday's headlines."</strong> <span style= "font-weight: 400;">Strauss's father-in-law's answer whenever anyone congratulated him. Take-Two doesn't do the who's-better-than-us party. They show sincere appreciation for great work, and then they get up the next morning and do it again.</span></p> <p><strong>Reflection Questions</strong></p> <ul> <li><span style="font-weight: 400;">Who is the person in your life who will tell you that you have it wrong? </span></li> <li><span style="font-weight: 400;">What is the confrontation you're avoiding right now, hoping it resolves itself? Have that conversation today.</span></li> <li><span style="font-weight: 400;">Where are you taking real risk without the balance sheet to survive being wrong? And where are you so protected that you aren't taking any risk at all?</span></li> </ul> <p><strong>More Learning</strong></p> <ul> <li><a href="https://learningleader.com/nickthompson/"><span style= "font-weight: 400;">#662: Nick Thompson</span></a> <span style= "font-weight: 400;">- Move at an Uncomfortable Pace</span></li> <li><a href="https://learningleader.com/kimbel/"><span style= "font-weight: 400;">#626: Rob Kimbel</span></a> <span style= "font-weight: 400;">- The Power of Grit and Generosity</span></li> <li><a href= "https://learningleader.com/frankslootman525/"><span style= "font-weight: 400;">#525: Frank Slootman</span></a> <span style= "font-weight: 400;">- Raise Your Standards & Push the Pace</span></li> </ul> <p><strong>Podcast Chapters</strong><strong><br /></strong><span style= "font-weight: 400;">00:00 Apply for the Learning Leader Circle</span></p> <p><span style="font-weight: 400;">01:01 Meet Strauss Zelnick</span></p> <p><span style="font-weight: 400;">03:00 President of Fox at 32</span></p> <p><span style="font-weight: 400;">06:15 He Greenlit Dirty Dancing and Thought It Would Flop</span></p> <p><span style="font-weight: 400;">09:55 How He Finds Talent</span></p> <p><span style="font-weight: 400;">11:30 Align the Words With the Dollar Signs</span></p> <p><span style="font-weight: 400;">18:56 One Meeting With 20 People</span></p> <p><span style="font-weight: 400;">22:33 Up at 4:45, Gym by 6:45</span></p> <p><span style="font-weight: 400;">26:20 No AI Slop in Grand Theft Auto</span></p> <p><span style="font-weight: 400;">27:55 Why He Doesn't Feel Lonely at the Top</span></p> <p><span style="font-weight: 400;">28:53 His Coach's Advice Was "So What?"</span></p> <p><span style="font-weight: 400;">29:51 Every Great Leader Has a Coach</span></p> <p><span style="font-weight: 400;">32:37 Direct Advice, Not the Socratic Method</span></p> <p><span style="font-weight: 400;">35:31 What He Teaches at MIT Sloan</span></p> <p><span style="font-weight: 400;">37:03 "You're Just a Terrible Speaker"</span></p> <p><span style="font-weight: 400;">39:27 Arrogance Is the Enemy of Continued Success</span></p> <p><span style="font-weight: 400;">41:03 Why He Said No to VR</span></p> <p><span style="font-weight: 400;">43:52 Creatively Risk-Forward, Financially Risk-Averse</span></p> <p><span style="font-weight: 400;">47:20 That's Yesterday's Headlines</span></p> <p><span style="font-weight: 400;">49:51 EOPC</span></p> <p> </p> <p> </p>
▶ ListenThe Ross Mandell Podcast
The AI Stock You Need to Watch Right Now (It's Not Nvidia)<p>Join Ross’s Patreon Community for exclusive content and LIVE events <br><a href="https://www.patreon.com/cw/TheRealRossMandell?utm_campaign=creatorshare_creator" rel="noopener noreferrer">https://www.patreon.com/cw/TheRealRossMandell?utm_campaign=creatorshare_creator</a></p><p>In this episode of Going Public with Ross Mandell, Ross delivers a deep dive into Micron Technology (NASDAQ: MU) and explains why he believes Micron stock could be one of the most overlooked AI stocks in the market. While Nvidia and other semiconductor companies dominate the artificial intelligence conversation, Ross argues that the AI revolution cannot function without one critical component: memory. He breaks down Micron’s role in the booming AI infrastructure market, why high-bandwidth memory (HBM) has become essential for advanced AI processors and data centers, and why increasing demand for memory could fundamentally change the way Wall Street values Micron.</p><p>Ross examines the history of MU stock, Micron’s highly cyclical past, and why the current AI memory boom may represent something different from previous semiconductor cycles. He explains how HBM, DRAM, AI servers, data centers, AI PCs, smartphones, autonomous vehicles, and robotics are creating massive new demand for advanced memory. Ross also discusses the relationship between supply constraints and pricing power, why semiconductor manufacturing capacity cannot be expanded overnight, and how Micron could benefit as AI infrastructure spending continues to accelerate. He also explains why the AI investment opportunity goes far beyond Nvidia and why companies supplying the critical infrastructure behind artificial intelligence may become some of the biggest winners of the AI boom.</p><p>Finally, Ross breaks down his bullish Micron stock analysis while addressing the risks investors need to understand ahead of Micron’s upcoming earnings. He discusses competition from SK Hynix and Samsung, the risks of semiconductor oversupply, geopolitical exposure, capital expenditures, HBM adoption, pricing, margins, and the dangers of chasing a stock simply because its price has already moved higher. Ross explains what he will be watching in Micron earnings, why investors should focus on future demand and economics rather than a single quarterly number, and why he believes AI may have permanently increased the strategic importance of memory. For investors researching Micron stock, MU stock prediction, AI stocks, semiconductor stocks, HBM memory, Nvidia alternatives, Micron earnings, and artificial intelligence investing, this episode breaks down the bull case, the risks, and the long-term opportunity.</p><p>Topics Covered<br>Micron stock analysis and MU stock outlook<br>Why Micron could be an overlooked AI stock<br>Micron Technology and the artificial intelligence revolution<br>Why AI needs high-bandwidth memory (HBM)<br>Ross Mandell’s bullish thesis on Micron<br>Why Wall Street may need to revalue Micron<br>The future of MU stock and AI memory demand<br>Artificial intelligence stocks and semiconductor investing<br>Why “where intelligence goes, memory follows”</p><p>This content is for informational and educational purposes only and does not constitute financial or investment advice.</p><p>🔗 Links & Resources<br>📌 Book A Call With Ross<br><a href="https://buy.stripe.com/9B64gydlh4dJfhXecP5Vu08" rel="noopener noreferrer">https://buy.stripe.com/9B64gydlh4dJfhXecP5Vu08</a></p><p>📲 Follow Ross Mandell on Instagram<br><a href="https://www.instagram.com/rossmandell/" rel="noopener noreferrer">https://www.instagram.com/rossmandell/</a></p><p>⏱️ Chapters<br>00:00 — Micron Stock: The Overlooked AI Memory Opportunity<br>02:34 — Micron Stock History: Booms, Crashes and Memory Cycles<br>05:00 — AI Changes Everything: HBM Memory Explained<br>07:10 — Micron Earnings, Revenue Growth and Profit Margins<br>08:47 — Why the AI Boom Is Bigger Than Nvidia<br>11:44 — Market Risks, AI Valuations and September Volatility<br>13:02 — Micron Risks: Samsung, SK Hynix, Oversupply and Taiwan<br>14:07 — What Ross Is Watching in Micron’s September 30 Earnings<br>15:33 — Ross Mandell’s Bullish Micron Stock Thesis<br>17:51 — The AI Gold Rush: Why Micron Could Be a Major Winner</p><br/> <p>Hosted by Simplecast, an AdsWizz company. See <a href="https://pcm.adswizz.com">pcm.adswizz.com</a> for information about our collection and use of personal data for advertising.</p>
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The Compound and Friends
The Most Interesting Macro Moment of My Lifetime with Jens NordvigOn episode 259 of The Compound and Friends, Downtown Josh Brown and Michael Batnick are joined by Jens Nordvig to discuss: rising Treasury yields and the risk of something breaking in the bond market, Scott Bessent’s intervention in the yen and Treasury markets, the massive AI capex and hyperscaler debt boom, whether AI is actually inflationary, oil prices and the Fed, the surprisingly resilient consumer and labor market, America’s growing debt problem, and why Korea could be one of the most interesting macro trades heading into 2027. This episode is sponsored by Franklin Templeton and Vanguard. Learn more at www.ftprivatemarkets.com Learn more about Vanguard bonds at https://vanguard.com/audio Sign up for The Compound Newsletter and never miss out: thecompoundnews.com/subscribe Instagram: instagram.com/thecompoundnews Twitter: twitter.com/thecompoundnews LinkedIn: linkedin.com/company/the-compound-media/ TikTok: tiktok.com/@thecompoundnews Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Franklin Disclosure: Before investing, carefully consider a fund's investment objectives, risks, charges and expenses. You can find this and other information in each prospectus, or summary prospectus, if available, at franklintempleton.com. Please read it carefully. All investments involve risk, including possible loss of principal. © 2026 Franklin Distributors, LLC. Member FINRA/SIPC Learn more about your ad choices. Visit megaphone.fm/adchoices
▶ ListenLenny's Podcast: Product | Career | Growth
How we built Grok Bot in a month | Roman Ugarte (SpaceXAI)<p><strong>Roman Ugarte</strong> helped incubate and build Grok Bot, the popular new knowledge-work agent from SpaceXAI. A small, isolated team took it from first line of code to a working internal product in four weeks, and to a hugely successful public launch just three weeks later. Before Grok Bot, Roman led Growth at Cursor, where he helped scale the company from 15 people to over 1,000 before its acquisition by SpaceX.</p><p></p><p><strong>In our in-depth conversation, we discuss:</strong></p><p>1. The origin story of Grok Bot</p><p>2. The key decision to build it from scratch instead of adding it to Cursor</p><p>3. Why the team personally onboarded nearly 300 of its first users</p><p>4. The two early product decisions that made Grok Bot so successful</p><p>5. Their “colleague-pilled” product philosophy</p><p>6. Roman’s advice on moats, and what has allowed Cursor to keep winning in the most competitive market in the world</p><p>—</p><p><strong>Brought to you by:</strong></p><p><a target="_blank" href="https://workos.com/lenny"><strong>WorkOS</strong></a>—Make your app enterprise-ready, with SSO, SCIM, RBAC, and more</p><p><a target="_blank" href="https://mercury.com/command?utm_source=lennys&utm_medium=sponsored_newsletter&utm_campaign=26q3_brand_campaign"><strong>Mercury</strong></a>—Radically different banking, now with Command</p><p>—</p><p><strong>Episode transcript:</strong> <a target="_blank" href="https://www.lennysnewsletter.com/p/how-we-built-grok-bot-in-a-month">https://www.lennysnewsletter.com/p/how-we-built-grok-bot-in-a-month</a></p><p>—</p><p><strong>Archive of all Lenny's Podcast transcripts: </strong><a target="_blank" href="https://www.dropbox.com/scl/fo/yxi4s2w998p1gvtpu4193/AMdNPR8AOw0lMklwtnC0TrQ?rlkey=j06x0nipoti519e0xgm23zsn9&st=ahz0fj11&dl=0">https://www.dropbox.com/scl/fo/yxi4s2w998p1gvtpu4193/AMdNPR8AOw0lMklwtnC0TrQ?rlkey=j06x0nipoti519e0xgm23zsn9&st=ahz0fj11&dl=0</a></p><p>—</p><p><strong>Where to find Roman Ugarte:</strong></p><p>• X: <a target="_blank" href="https://x.com/romanugarte_">https://x.com/romanugarte_</a></p><p>• LinkedIn: <a target="_blank" href="https://www.linkedin.com/in/romanugarte">https://www.linkedin.com/in/romanugarte</a></p><p>• Website: <a target="_blank" href="https://x.ai">https://x.ai</a></p><p>—</p><p><strong>Where to find Lenny:</strong></p><p>• Newsletter: <a target="_blank" href="https://www.lennysnewsletter.com">https://www.lennysnewsletter.com</a></p><p>• X: <a target="_blank" href="https://twitter.com/lennysan">https://twitter.com/lennysan</a></p><p>• LinkedIn: <a target="_blank" href="https://www.linkedin.com/in/lennyrachitsky/">https://www.linkedin.com/in/lennyrachitsky/</a></p><p>—</p><p><strong>In this episode, we cover:</strong></p><p>(00:00) Introduction</p><p>(02:09) The origin story: building from scratch in one month</p><p>(08:40) Why Grok Bot was built as a separate product</p><p>(11:20) Manually onboarding a couple hundred people</p><p>(14:29) Hiding internal mechanics from users</p><p>(18:41) Timeline from beta to public launch</p><p>(19:14) Unshipping features and simplifying</p><p>(23:50) Early use cases and feedback</p><p>(26:50) Product philosophy: “Grok Bot can now”</p><p>(30:02) Cloud-first architecture</p><p>(33:12) The fresh-start advantage</p><p>(35:54) The vision: a true team of AI colleagues</p><p>(39:20) The “colleague-pilled” framework</p><p>(42:36) Work versus personal: one product or two?</p><p>(47:14) Long-lived agents, persistent memory, and the computer abstraction</p><p>(51:04) Grok Bot as an always-on infovore and chief of staff</p><p>(53:35) How fast the team moves and what preserves the startup feeling</p><p>(58:20) SpaceXAI pillars</p><p>(1:00:44) The first 90% vs. the last 10%</p><p>(1:03:30) Moving fast at scale</p><p>(1:06:40) How Cursor kept winning in the most competitive market in the world</p><p>(1:10:04) Company values: “deleting the product” and “just do the thing”</p><p>(1:11:45) Moats: discovered, not planned</p><p>(1:15:11) Tips for new users and power users</p><p>(1:18:00) Lightning round and final thoughts</p><p>—</p><p><strong>References: </strong><a target="_blank" href="https://www.lennysnewsletter.com/p/how-we-built-grok-bot-in-a-month">https://www.lennysnewsletter.com/p/how-we-built-grok-bot-in-a-month</a></p><p>—</p><p>Production and marketing by <a target="_blank" href="https://penname.co/">https://penname.co/</a>. For inquiries about sponsoring the podcast, email <a target="_blank" href="mailto:[email protected]">[email protected]</a>.</p><p>—</p><p>Lenny may be an investor in the companies discussed.</p> <br/><br/>To hear more, visit <a href="https://www.lennysnewsletter.com?utm_medium=podcast&utm_campaign=show-notes-no-free-preview-language">www.lennysnewsletter.com</a>
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