Episode 908: Such an Obvious Bubble. Micron MU Stock Analysis, Intel, Kioxia, Apple

**Martin Shkreli** (0:00)
This stock, Kioxia, is also a monster, having gone from a few thousand yen, just a few months ago, you know, literally months ago, to a hundred thousand yen now. Unbelievable.
I don't know, most people miss this because it's a Japanese stock, but this thing was trading three thousand yen forever, and then all of a sudden, a hundred and four thousand yen.

**SPEAKER_2** (0:23)
Wow, wow.

**Martin Shkreli** (0:25)
The Quantum has been an interesting ride. We're bullish on AbbeVax, of course. Of course, of course. Where does SaaS go from here? Probably up. I am going to do a serious podcast slash stream. Not right now, obviously, but I do plan on doing a stream, and I have two co-hosts, which is going to be crazy. It's a Rust business offering. What's... You got to explain that. I haven't played the video game Rust in goddamn long time. Sorry, a billionaire texting me. Dusty, Dusty, what's up? Dusty, you got to get out of that. You got to get out of that. SLS, man. I am certain that stock's at zero. We're talking about SLS here, which Dusty's, you know, he's got a real knack for our business. He bought this stock at like one. Good for you, dude.
And it's now a billion-dollar company. Two billion, brother, this drug don't work. There's no chance this drug works. You got to sell it. Trust me, I've been around the block 26 years, been in these streets. This is not, this is not going to work. Spruce I like. Not an Indian billionaire, no. I know a few of those, too. Beg a hundro. Thank you, still the same place. I haven't looked at RegenerX or Lens in a while. I'm going to look at some biotechs today. Still bullish on Spruce.
No real update. But yeah, I was playing Rust for a little bit. I was looking for foreigners to play with me, but at the end of the day, I'm just too busy to play any game, unfortunately. I am in a new office. We got like 20 people working here now. I do want to show you a lot of the new stuff Godel has. Don't know Orthocell, sorry. Intel, okay, I think the markets, people ask me about my view of the markets all time. Last night, I was sitting with a guy, and yeah, it's baggy bags. That is a good way to put it.
I think the market's never been murkier. And so you have two options. You can trade the vibes, or you can trade the fundamentals. And you know, trading the vibes is always kind of better.
And the vibes situation right now is obviously everything's sort of just, you know, gangbusters. Everything's bananas. You know, the business is amazing, and it will never stop being amazing. That's the current perception.
If you try to trade the fundamentals, I think it's a little harder. So if you look at Intel, again, very murky. It's hard to tell what's going to happen here. I think it's extremely expensive, and let's actually dig into it.
Let's open an Intel model. Let's figure out what to do. You know? It's a good place to start. Why not? I just want to close all my secret windows before I stream. I'm about to stream. I don't want you guys to see any of my secrets. Okay, so let's just get into this with Intel.
Absolutely insane.

**SPEAKER_2** (3:24)
Martin, what's his name? Martin Shkreli.

**Martin Shkreli** (3:27)
Yeah, I don't believe that the individual PC theory, Intel is not really a player in AI.
So this rally is a little bit suspect. And it kind of reminds me of the old days when good stocks, great stocks would rally, good company stock, and okay company stocks would all rally together despite there being an extreme difference between, say, Intel, NVIDIA, and Micron. That's kind of why I put NVIDIA is great, Micron is good, and Intel is maybe not good. A big sort of Intel bear case. So we get a lot more shares outstanding. So we're at $700 billion cap on Intel. They did grow revenue, but again, nothing to write home about. They beat guidance by quite a lot, actually. But, you know, down sequential, up slightly year over year, it's a turnaround. And I don't know if you get excited about 7% revenue growth. Obviously, that's the rear view mirror. Maybe they can do, they can accelerate meaningfully, but, you know, it's hard to imagine with what? Packaging? I mean, certainly hardware seems to be a lot more important, or just maybe just say is a lot more important. I should stop hedging so much.
Hardware is a lot more important than it used to be.