Coming off the heels of NVIDIA’s one hundred billion dollar investment in OpenAI, Doug and Greg Stokes discuss the current state of AI and where it’s headed, as they explore the parallels between recent growth and the tech bubble of the late 90s. The conversation also touches on safe haven assets, market performance after all-time highs, exuberance indicators, and a huge college football weekend coming up. 

Key Takeaways

[00:17] - AI, self-driving cars, and the relation to the late 90s tech bubble

[05:31] - The AI bubble isn’t here yet

[09:18] - Why stocks continue to reach new highs

[13:46] - Indicators of exuberance

[17:00] - The staggering investment going into energy and defense

[20:34] - Looking at a big college football weekend

View Transcript

Links

Derek Thompson on AI’s timeline and how it relates to self-driving cars.

Goldman’s Total Positioning Indicator is STILL slightly underweight US equities.

Yardeni: Gold as a percent of total reserves. How much is left to go?

TikTok investment club

Zaccardi: US data center energy consumption (TWh) and as % of total US power demand (RHS)

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Doug Stokes

Greg Stokes

Stokes Family Office

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Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.