Bullish Infrastructure Bets: NVDA, DELL, HPE, HUT Lead the Charge

0:00Welcome back to opening bell. We're getting you ready for the trading day. Steven or CEO and founder of Quiz Our Market is with us and so glad you're with us. You come on and you make some big calls and then they come true. We've done a couple of the last. I think you were shorting silver. That came true. What was the one before it? I can't remember. I mean, Nvidia and Palantir and all the big names. I mean, but before they were big, right? I don't know what it was, but maybe it was gold coming down. I can't remember, but I will tell you, but at this point, you're shorting oil. And why is that? Well, you know, I think the cold, the big worry we're hearing around the markets today is the word messy. I mean, that's the term that I've been using for the markets in general. But we know one thing. The United States is an exporter of oil and that exportation of oil, we're at the largest glut of oil we ever had. And to be honest with you, yes, I know there's a war. I get that, right? And but the straight-up for movies will open back up. Yeah, on that thought, hold that thought. Sure. We have a great chart that I was looking at. The source was Bloomberg. And I know you know this, but it really,

1:03look at how many, look at the difference of what's happening in the straight-of-war movies. I mean, you're starting to see the crude tankers going through there. Steve and I know you know this, but the container ships. The green is the bulk carriers. The blue is there. The chemical and tankers. So you are seeing the action in the last few days. So that's why you're shorting oil, this kind of chart? Yeah, there's a lot of reasons why shorting oil. Number one is the glut, obviously, and we have picked up production of oil in the Gulf of Mexico. But when you look at the next level of oil and sell, $65, $70, $75 is the perfect area for producers of oil. When you get too high like this, oil producers don't like this kind of oil pricing because quite frankly, it throws them loop. And nobody wants to go drive a car and then the gasoline prices get too crazy and they stop driving and they don't like that. But they also don't like it when it's too small too low. So they like this $65, $70. That's what we're going to go back to. So when you say I'm shorting oil, what kind of numbers

2:04are you looking at? Like at what point do you say, oh, I've reached my goal? $75, $80 a barrel, I think. We're going back over what period of time? I'm on through two. I think it all depends on what Trump has to do. It looks like a couple of things that are going on, right? I mean, there's just back and forth with Iran and the IRGC right right now. But I'm not talking to certain about any of that. I think we're bomb the heck out of them, right? So $75 to $80. All right. Let's see that. And then you're hot on AI. And you have some names that you like in tech. And I'm going to get to gold and some of the other things. But let's get to tech. Why do you like tech and what kind of names do you like? I think the situation is still the same, right? It's still AI, right? We're still the first inning and everybody's like, oh, well, AI is dying. No, it's not. We're not even started. It's kind of like saying.com is dead at the beginning or the internet. And so what we're looking at right now with AI is the producers of AI, right? So in video, I went to go buy a new computer and I had to go to Dell and I didn't buy one in video chipset. I had to buy two. One for the video itself and then one for the AI. I don't have just one AI. I don't have chat GPD running. I have

3:0727 AIs. And so that needs a specific type of chipset. And I also think there's a backlog of black well chipsets as well for the infrastructure of larger companies. That's a big deal right now. And Nvidia's really is sitting at the forefront. And I know it's not a name that's so sexy. And everybody's like excited about it. Another name. But Nvidia is the powerhouse. Yeah. I mean, right now it's trading well off of the highs, right? The high was 212. It's at 177. What kind of upside do you want? 220 to 30. Woo. Okay. 220 to 30. I'm writing these price targets down folks. What else you have on there? You had some other names to watch. You mentioned Dell, right? So let's talk about that. I think your two names here is Dell and HP. Yeah. There's definitely a situation here where people are going to have to go brief, configure their computers. Well, what do you mean computers? We don't use computers anymore. I might know you do, right? In order to process major things, you're going to see workstations getting bigger and bigger. And Dell is one of those places. You look at Dell stock chart right now. It's still a highs right now. And I still

4:07think that has room to grow. But if you're going to look at those kind of companies with workstations, HP has a premium not baked into it yet. And they are producing these new AI chipsets and computers and laptops. I think workstations that are about to come out on the market here soon. And I like the HP. You're getting a getting an opportunity to buy like the way I like it. buying on the low. It's on the hot. All right. You have a couple more. You have a core weave in there. Yeah. H U T. What's H U T here? Yeah. Hut eight is one of those Bitcoin miners. Yeah. But you know what? The cool thing about them is they're switching their gears, going into quantum computing and they're actually starting their whole process with AI. So you're learning a lot of companies out here. Now we're going, okay, if I'm not making the money that I'm making in one sector, I'll go to the next sector. And that sector tells you if you have company that Bitcoin mining going into AI, that tells you where AI is right now. That we're the beginning of all of this. So I love it. I love how it ate. I'll also say when you talk about core weave and you're building out companies, you're building out these data centers. Yeah. You've got to have come as a core weave and they got an $8 billion money bond here not too long ago to build more. And we just got a

5:11we there was a call like last week on all those names too. So no, I don't mean that you're copying them. I mean that the trend is looking good for that kind of name for core weave there. So and it is on a bit of an upswing there of all of these names. Do you have a favorite? Which one's like the best bet? You don't have to have. I think the best bet is in video, right? The safer one. But if you were to if you really roll the dice a little bit here, it's HP. You've got an opportunity here to catch something in the low. Well, I don't like HP computers. I don't like this. Oh, the old the old days. No, HP is turn this gears. I think they're going to they're starting to work on their their their their tech stack a little bit for their AI workstations. And I think HP could be one that can catch the white. Right. HPE also gold. I mean, what do you think about gold? It's well off the highs. I know it's 11 bucks today higher. But well off the highs. Do you think it's going up or down? Down. When gold. Yeah, when gold gets 5,500 and everybody's getting crazy. No way. It's too high. And let me tell you why it's not the normal reason you think that gold is going to go down. Other countries, sovereign wealth funds are dumping gold to

6:14pay for their whatever their war their whatever it is. They're looking to sell. They're doing that rushes selling to pay for their war with Ukraine and China's dumping theirs. And France just pull out a whole bunch of gold out of the United States. So they're selling gold. All right. Well, I like that. And what else do you want to add in there? I mean, what's the big picture on the end of the year for the markets? Higher way higher, I think I think people are scared. They're just scared. And I love scared money. It's what makes money for us. But when you look, when you look at the next level of the markets, we have to find the next sector or the next, what is it that's going to take us to the next level? Well, we'll take what the next level of that is when all of this messiness gets cleared up. And the Fed, maybe with Kevin Warsh and with the power leaving. And there's a lot of things that it could be very good. And usually during an election year, when we start to realize that and it looks like the Democrats are going to go over the House, that's that's a lot of those bills that coming in that people don't like. Hey, all of a sudden, they're not going to cut and then we now we have a mixed Congress and all of a sudden, Marcus with a push up knows no new laws. We're getting some information this week. We'll have CPI

7:14and G and durable goods. And also, I think GDP consumer sentiment will be getting some of these prints. Are you looking forward to any of these? I know we have the jobs. inflation inflation inflation. I mean, they'll show inflation. Yeah, I don't think the camp. I mean, the war is definitely showing inflation, especially in the oil markets, right? But and I know the power is very keen on looking at this number. And of course, the jobs number, but the jobs number looked a bit better. But it was because of the, you know, there was there was a. There was a lot of things that kind of the weather. So those things are kind of discounted. If you take those things out, Nicole, there really wasn't a lot of jobs and there wasn't really a lot of inflation outside of the energy sector. So honestly, I think that will all abate coming this summer. And I think people should just relax, right? Go on vacation, enjoy life a little bit. I know that the angst and the messiness is happening to people and it sucks. But the truth, the matter is, Nicole, I think we find they will get through this and we're going to go right on up. Well, I was reading

8:15through Jamie Dimon's report and said he wasn't too worried about private credit, you know, but he talked about some other problems for the market, the unknown pertaining to the Rand War, the stock for financials overall has been down. Do you like the financials? Did you have any thoughts on the JP Morgan note? Jamie Dimon's note. One thing about JP Morgan and Go over the sex, they know how to make money. So, right, if you, I mean, look, this, they're an easy bet. I, you know, Jamie Dimon is a very smart man. I really, really respect him and the years he's been here. And he does have his finger on the pulse. And so, I am listening to what Jamie Dimon has to say. And he is right. There is some private credit issues, but not as crazy as I think they are. He is right about the war issues. So, and we talked about inflation, yeah. Right. And Sam's going to go through it in detail. But so, thank you for all of that. So, there it is. I mean, you sound really bullish. You're going to say bullish. I mean, what are you going to say here? I'm going to say messy bullish. You know, it's, it's, it's, yes, I'm bullish. At the end of the year, it's going to be higher. But you also have to think about how we get there. It's going to be a

9:17very bumpy ride. All right. And you're ready. I'm ready. Yeah. And I like those sailboat couplings, Stephen Orr. Well, thank you. It's a guy who likes the ocean and the boats. All right. Stephen Orr, quasar market. Great to see you. Thank you so much. Glad when you're here in person.