Is Tim Cook the Greatest CEO of All Time? | WAYT?
Спикеры
Josh Brown
— Генеральный директор, Ritholtz Wealth Management
Michael Batnick
— Управляющий партнер, Ritholtz Wealth Management
Josh Brown and Michael Batnick discuss Snowflake and AI software earnings, the Ed Zitron AI-bear episode, Tim Cook's Apple legacy, the software rebound, a momentum factor reversal, and Michael's new position in Clear Secure. They also review Dell, Broadcom, Nvidia, CrowdStrike, and cybersecurity themes. The conversation leans bullish on AI infrastructure and software recovery while warning about factor volatility.
- Snowflake earnings preview as a test of AI data-layer and agentic demand.
- Dell and Broadcom framed as AI infrastructure reads after strong server growth.
- Nvidia defended against the AI-mania bear case using earnings and valuation.
- Tim Cook case: Apple's 2,700% return, buybacks, services growth, and restraint.
- Software IGV rebound after the SaaS apocalypse and market mispricing.
- Momentum factor's sharp 51-day reversal and style-rotation risk.
- Clear Secure (YOU) as a speculative biometric identity long.
- CrowdStrike as a leading AI cybersecurity compounder.
Идеи
Dell beat; AI server revenue doubling.
Dell reported strong earnings after the close, lifted full-year guidance on the top and bottom lines, and showed AI-optimized server revenue of $16.4 billion, up 100% year over year. Josh is happy to own Dell in Porter House.
Snowflake is core AI data layer.
Josh bought Snowflake on a breakout this quarter and remains long with a trailing stop. He sees Snowflake as a critical AI data layer where LLMs and agentic workflows run directly on corporate SQL data. Last quarter the company beat, raised guidance, and the stock ripped nearly 40% and held gains. The Coco inference layer and 126% net revenue retention could provide further upside.
Broadcom is key AI infrastructure report.
Broadcom reports Wednesday as the last of the giant tech reports; analysts expect around 92% year-over-year growth in AI ASIC and networking demand, making it an important read on the AI infrastructure trade.
Nvidia earnings real; valuation not mania.
Josh pushes back on the AI mania bear case: Nvidia trades around 17 times forward earnings and its net income and operating earnings are real business earnings, not markups. The stock looks healthier than peers and supports the AI infrastructure trade.
Apple compounded massively under Tim Cook.
Josh argues Tim Cook is one of the best CEOs ever: Apple returned 2,700% including dividends since 2011, added about $4 trillion in market cap, shrank share count by 44% via buybacks, grew services revenue 1,200%, expanded gross margins by 820 basis points, and showed capital-deployment restraint while navigating China, India, Europe, and US politics. Josh is long Apple.
Software rebound; market wrongly killed software.
The software sector was crushed in the SaaS apocalypse while earnings estimates held. Software underperformed semiconductors by 40% early in 2026, then rebounded and outperformed, showing the market was wrong that software was dead.
CrowdStrike leads AI cybersecurity; own it.
CrowdStrike is Josh's best performing stock. The market has decided it is furthest ahead in AI-related cybersecurity, cyber spending is non-discretionary, and AI is expanding the threat surface. The stock has been under intense accumulation, split and made new highs, and announced an NVIDIA-related cybersecurity LLM.
Momentum factor reversed violently; risk remains.
The momentum factor just suffered one of its worst 51-day relative periods ever immediately after one of its best. The lesson for investors is that no style or factor always works, and momentum can snap back violently after periods of extreme performance.
Clear Secure biometric identity underpriced.
Michael bought Clear Secure, ticker YOU, a volatile small-cap biometric identity company. Bill Miller believes it remains significantly underpriced. The company has 21 straight quarters of revenue growth, 36% EBITDA margins, 33% bookings growth, 60% free cash flow growth, 44 million members, and a new CrowdStrike endpoint identity deal.
Далее
This The Compound News video, published September 01, 2026, features Josh Brown, Michael Batnick discussing DELL, SNOW, AVGO, NVDA, AAPL, IGV, CRWD, MTUM, YOU. 9 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Josh Brown, Michael Batnick · Tickers: DELL, SNOW, AVGO, NVDA, AAPL, IGV, CRWD, MTUM, YOU