Memory Is a Bubble, Nvidia’s Blow-Out Quarter, SpaceX Is Coming With Jan Van Eck
5/22/20261 hr 28 min
On episode 243 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by Jan Van Eck to discuss: the AI infrastructure boom, Nvidia and the semiconductor trade, whether mega-cap dominance is structural or cyclical, the risks hiding in U.S. deficits and long-term rates, equal weight vs cap weight, the SpaceX IPO, and much more! This episode is sponsored by Tema ETFs. Learn more about their ETF lineup at https://temaetfs.com/ 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/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Clips
Transcript preview
First 90 secondsJan Van Eck· Guest0:00
Here's our annual tie.
Josh Brown· Host0:01
I love it. Wait, what's the theme this year?
Jan Van Eck· Guest0:02
See if you can figure it out.
Michael Batnick· Host0:03
It's, it's gotta be Wash, no?
Jan Van Eck· Guest0:05
No.
Michael Batnick· Host0:06
Hamilton?
Jan Van Eck· Guest0:07
Hold on. Hold on. Look at the eagle. What's CCL?
Michael Batnick· Host0:11
Carnival Cruise Lines.
Speaker 40:14
[laughs] Carnival Cruise Lines is a good one. Oh, I love pink.
Jan Van Eck· Guest0:20
Jan, what... No, who is this? What is CCL?
Josh Brown· Host0:22
Pan down a little please.
Michael Batnick· Host0:23
Is that- Dude, I'm walking out of here.
Jan Van Eck· Guest0:26
[laughs] You have it back up?
Speaker 40:27
No.
Michael Batnick· Host0:27
Is that, um, oh my God.
Jan Van Eck· Guest0:30
What's the C in Latin? What, what does the C stand for?
Michael Batnick· Host0:33
Cerebus.
Speaker 40:33
Hundred.
Jan Van Eck· Guest0:34
Hundred.
Josh Brown· Host0:35
It's for 250 in meta- Cerebus Oh my God. In meta- Is that George Washington?
Jan Van Eck· Guest0:38
[laughs] Cerebus?
Michael Batnick· Host0:39
[laughs] Cerebus. [laughs] Who's the other guy?
Jan Van Eck· Guest0:42
Celebrex.
Michael Batnick· Host0:43
[laughs] Who is it?
Josh Brown· Host0:43
Is it Celebrex?
Jan Van Eck· Guest0:44
The th- three most important things in financial history. Hamilton, the founding of the system.
Michael Batnick· Host0:50
Right.
Jan Van Eck· Guest0:51
FDR bailed out the banks.
Josh Brown· Host0:52
Can we get- Stable coin ... can we get a tight shot on this tie?
Jan Van Eck· Guest0:54
First, first time that- You know what he's talking about ... financial, uh, company- Hold that one up ... can compete against banks.
Michael Batnick· Host1:00
Is this Kissinger? [laughs] Who is it? It looks like him.
Jan Van Eck· Guest1:04
It's Hamilton, FDR- [laughs] ... and stable coins.
Josh Brown· Host1:07
Stable coin.
Michael Batnick· Host1:07
That's FDR.
Josh Brown· Host1:08
[laughs] I missed the stable coin.
Michael Batnick· Host1:10
That does not- Hold yours up next to mine. Oh. Where?
Speaker 41:12
Over here next to mine, next to mine.
Josh Brown· Host1:14
I thought it, I thought that was like just a, a normal one.
Speaker 41:16
Next to mine. Next to where mine is.
Jan Van Eck· Guest1:16
You know, I, it, it's, it's USDC. That's the symbol. I couldn't put- You don't have it ... I couldn't put Tether 'cause of course Tether is like- I love pink.
Michael Batnick· Host1:22
So thanks to Jan I wear blazers now, 'cause Jan invited me to an event and he said, uh, I said, "Yeah, right. Yeah, of course, I'd love to come. Thank you." And he goes, he emailed me back- [laughs] ... he goes, "Not