NVIDIA is a $5 trillion company and the stock trades at 18 times earnings. Revenue is supposed to grow 97% this quarter after six straight quarters of reacceleration. Even Jensen is out calling it the seventh wonder of the world while asking why the stock is not moving the way it should.

Shay Boloor and Brad Freeman spend the whole episode on that dislocation. The easy story is over. For two years the pitch was that GPUs were sold out and NVIDIA could not make enough of them. Now the market is pricing this as the peak capex year while the physical supply chain says the boom runs at least three more years, and the real question is whether the customers sitting above NVIDIA can monetize AI fast enough to justify what is being built underneath them.

They get into what NVIDIA has actually become, a networking leader with a $20 billion CPU business created overnight, the $500 billion financing pool with Apollo, BlackRock, and Blackstone, whether custom silicon from Google, Amazon, and Meta is really zero sum, the CPU renaissance that agents are driving, and what to watch when earnings land this week.

The verdicts split. Shay put 80% of his son's brokerage into NVIDIA and treats it like a T bill, the foundation of a new AI economy at the start of the S curve. Brad owns the cycle through an ETF instead, giving up upside so a bad ending costs him 30% and not 80%. Both think it is hard to imagine much more multiple contraction while the profit growth keeps coming.

Watch the full episode with chapters on YouTube: https://youtu.be/qa-gJCJbM_s

New episodes every Monday, so you know what to watch before the week trades.

Nothing in this episode is investment advice. Shay and Brad discuss their own portfolios; Shay's family accounts own NVIDIA, and Brad owns AI infrastructure through an ETF rather than the stock.