What Meet Kevin said in this video:
- AAPLbullishHost says that with the trend toward running AI models locally, four Mac Studios (Mac 256 Studios) can run a 700GB model for only about $40,000, far cheaper than alternatives, so this shift is good for Apple.Source
- DELLbullishHost notes that Dell sells plenty of hardware for companies to run AI models in-house, and with the shift toward local AI compute, this is good for Dell.Source
- NVDAneutralHost notes that with the shift toward agentic compute and running smaller models locally, demand for training frontier models is falling in the short term, so Nvidia's H100 and even Blackwell training GPUs may matter less. He does not state a direction for NVDA stock.Source
- AI Capexneutralshort-termHost believes AI training will continue for quite a while, but in the short term there is a shift away from training toward operating AI at home or agentic compute that can run on smaller models, changing the focus of infrastructure demand.Source
- Othernegative for stocksHost says he would take the opposite side of the rally in CoreWeave CDS, believing the market's implied probability of default is overstated. With potential Nvidia funding and remaining financing options, default fears should recede and CDS prices should fall.Source
- Valuationnegative for stocksHost thinks the entire AI space is a bubble that will eventually pop and collapse one day in the future, with no specific timing given; this is separate from his view that the real systemic risk is the labor market.Source
- Employmentnegative for stocksHost says the labor market is fine right now but will not last as agentic AI keeps improving; the labor market, not CoreWeave, is the real canary in the coal mine.Source