PLTR, MU, META compute leasing, and the software bounce: Shay added to Palantir in the $115 range as Alex Carp&#x27;s CNBC interview reframed the proprietary data moat, and every Future 15 software pick turned green in the same week. This episode covers why the application and data layer sits above frontier model companies as the durable AI winner, what META leasing 500 megawatts of excess GPU capacity actually means for neo clouds like NBIS and CRWV, and why the hosts think that sell-off was overdone. Futurum&#x27;s price target on MU sits at $155 with street highs above $200. MSFT announced a $2.5B forward-deployed AI joint venture. AWS raised GPU rental prices 20%. OpenAI giving 5% equity to the US government gets called out as pure IPO valuation mechanics, not patriotism. The memory trade, physical AI sensing plays, and the AI CapEx prisoner&#x27;s dilemma all get full treatment in the back half. Tickers covered: PLTR, MU, META, MSFT, NVDA, SNOW, NOW, CRM, ADBE, ORCL, NBIS, CIFR, WULF, CRWV, ASTS, AXON, AMBA, AVAV, KTOS, ACHR, JOBY

META flipped $145B of CapEx into a new business overnight. | Ep 48

Futurum Equities Podcast

# Full Transcript

**Podcast:** Futurum Equities Podcast

## Transcript

Ladies and gentlemen, welcome to the 48th episode of the Futurum Equities Podcast. You got myself, Shai Belor, we got Dano Newman, and we got a special 4th of July episode, which is why we're doing it today in some of our usual Friday cadence. But before we get into all the details of the stock market, how are you doing, Daniel? Any fun 4th of July plans? 4th of July plans? No, I was just joking with my bankers. I said I got nothing to do but read documents and plan for what's coming next.

Who takes time off? Who does that? When the market's doing all this. Volatility, it's always fun, creates so much opportunity. I know people hate down days. I just jokingly replied to your Micron Broke Below a Thousand tweet, and I'm like, going to zero. It's going to zero. Every good thing happens in volatility. And so it's the entry points, it's the exit points, but people, they lose their freaking minds.

And I think that's why you've done so well. You've capitalized on where other people get nervous. But in serious, barbecue, cool, probably spend more time in the gym than anyone should, and watch a lot of World Cup because that's awesome right now. I'm having so much fun. I'm going to be so sad when it ends because right now, every day from 2 o'clock, there's just a game to have on in the background. Just so cool. Totally. I mean, I feel like you're a hoster.

You're the type who hosts everyone to come for the 4th of July. Is that the case or are you going somewhere? No, no, going nowhere. I'm going on vacation in a week, and I'm doing like my annual. It's kind of a vacation. We also have a board meeting while I'm there in the Caribbean. Always, of course. A board meeting with like 12 days. So, you know, it's like all this happens at the same time. I literally go from May where it's like my wife's birthday, mother's day, my birthday,

father's day, my son's birthday, my anniversary, 4th of July, and then vacation. All happened within like 45 days. And so, like, it's just I'm invented out. Like, I told my wife, like, let's get some good meat, stick it on the Barbie. Just my family, like me, my wife, my son, my daughters are all grown now. So they don't, they don't, they come home sometimes, but they also, you know, they have friends. They have relations, they're in relationships. So they want to go be with their people. Like, you know, I'm getting old, man.

I'm like the old guy with the kids moved out and the big house with no one in it. And I love it. I love being alone. Like, I absolutely could not be happier than just me, my television. And like I said, I'm the guy that puts the hood on in the gym, the ear pods in. Talk to nobody. So people are always like, you love being in person and active. I see you on TV, on the podcast. I'm like, I am such an introvert. I just eke it out for the people. I do it for the business.

Well, life's all about balance for sure. I'm sure you have like...

META flipped $145B of CapEx into a new business overnight. | Ep 48

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
edge in conversations you're not hearing.

META flipped $145B of CapEx into a new business overnight. | Ep 48

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.