What Joseph Carlson After Hours said in this video:
- OtherneutralHost briefly mentions CoreWeave and asks what is going on with it, but offers no stance or investment view.Source
- SPCXneutralHost views SpaceX (SPCX) as a great, real company with the connectivity/Starlink business being the most bullish segment, but sees the opportunity cost as too high at a $2.56 trillion market cap on $40-50 billion revenue versus Amazon's much larger revenue and cloud business moat, so he prefers allocating to Amazon. If forced to choose between Tesla and SpaceX, he would pick SpaceX for its more unique, defensible product and larger technological moat with less competition.Source
- AMZNbullishHost sees AMZN as a similar company to SpaceX at a roughly comparable valuation, but with $775 billion trailing revenue and its cloud business alone at $148 billion—three times SpaceX's hypothetical revenue—and a deeper moat, so he prefers allocating his dollar to Amazon over SpaceX.Source
- NFLXbullishlong-termHost is actively bullish on NFLX and invested, with it as his 8th largest position despite a 45% drawdown. He notes the 19 forward P/E is near 2022 lows but the business remains strong and management reaffirmed full-year guidance, so he believes it will be rerated to a 25 P/E over time, implying upside.Source
- ASMLbullishHost is a proud owner of ASML and calls it one of his favorite portfolio holdings. After management's cautious 2026 guidance triggered a 10% sell-off despite strong earnings, he viewed it as a short-term overreaction and bought more below $700, boosting his gains.Source
- AI CapexneutralHost criticizes Brad Gerstner for painting a bullish AI view on TV while actively selling in his largest hedge fund (15x the size of his long-only fund), calling the contradictory messaging super lame; he argues it would have been acceptable if Gerstner honestly said he cut exposure due to difficult short-term valuations.Source