Episode 50 lands in a strange tape. Google grew its cloud business 82% and the stock got sold anyway, and Daniel Newman and Shay Boloor spend the show on what that selling actually means for everyone holding the AI trade. The guys go deep on Alphabet's print: a $25 billion cloud quarter growing 82% with 36% operating margins, a $15 billion capex raise, and the earnings math behind Shay's call that Google is "a great business, bad investment" until EPS clears $20 again in 2029. Nvidia at 18x earnings gets the other side of that trade. From there it's the $11.7 trillion cumulative AI capex bull case through 2030, TSMC raising capex $8 billion in a quarter while flagging a bigger 2027, Intel's blowout on server CPU pricing and Shay's rule that INTC has to prove an external foundry customer to earn its price above $100, Tesla converting record deliveries into a 1% operating margin, Micron and the HBM demand curve the market keeps mispricing, and IREN's $2.8 billion AI cloud contract with roughly half the GPU capex prepaid by customers. Plus SpaceX lockup math and entry levels, Meta at 18x with Shay's $1,200 thesis, and Jensen Huang joining X mid show. The back half is all viewer Q&A: ServiceNow as the benchmark for AI software, Shay's tier one and tier two software framework, whether Meta is the best Mag 7 buy right now, IREN position sizing, and the drone bucket ahead of the Anduril IPO. The show is live every Friday. If you're tracking AI infrastructure or trading this earnings season, bring your tickers and questions to the chat and the guys will take them on air. If this one helped you make sense of the tape, a like genuinely helps the show reach more investors. Subscribe and hit the bell so you catch the next live, and come argue with Shay about NVDA at $100 in the comments.