Ross Gerber

The appointment of John Ternus as Apple's CEO is a positive development that brings new blood, hardware expertise, and internal knowledge to lead innovation, particularly in areas like AI glasses and potential acquisitions, addressing past software shortcomings and leveraging Apple's hardware monopoly for future growth.

He believes a merger or acquisition between SpaceX and Tesla is a foregone conclusion, supported by Gwynne Shotwell's comments on synergies. This expectation props up Tesla's stock as investors hold shares for the potential buyout premium, and Tesla would be worthless without the merger owning the AI IP.

NVIDIA is in a sweet spot profiting from massive investment in AI systems and data centers. The company is evolving beyond chips into CPU and other areas, and competitors should be more scared of NVIDIA than vice versa. The breakout of datacenter revenue from hyperscalers to sovereign and enterprise AI builders suggests the addressable market is broadening, supporting sustained growth.

Power and energy infrastructure is critical for AI data centers. Bloom Energy provides innovative technology powering data centers and is a key holding added to the fund. The massive suck of power and energy creates enormous opportunity in companies like Bloom Energy.

Netflix is in a phenomenal position, continues to print money with tons of free cash flow for reinvestment or shareholder returns, and is a core holding. They masterfully handled the Paramount and Warner Brothers situations to reduce competition, solidifying their position as the top player in the entertainment industry with a monopoly-like advantage. The stock is relatively cheap compared to historical valuation, and strong leadership under Ted Sarandos and Greg Peters supports future growth in areas like sports and gaming.