Nvidia GTC Highlights, Uber Is Too Cheap, Cliffwater and the Private Credit Panic

Josh Brown (0:12)

All right, gangsters, we're back. That's right.

Luis Rojas in the chat, Michael, wants to know why we ditched last week. We were away, we were in Future Proof. Wake up, man, come on. We would never ditch you for no reason. We were in Miami. Actually, a week ago, on Tuesday of last week, we were interviewing the CEO, Charles Schwab. Got great feedback from that one. What about you?

Michael Batnick (0:40)

He was awesome, I had a great time. And credit to us, he's really good. I thought we did pretty good.

Josh Brown (0:46)

That was one of our most organized conversations, I would say. We were on point. It was good for that one. And he, dude, he spoke. He talked about Robin Hood, Goldman, everybody. He said, this is what I think. I thought that was awesome. All right, guys, we're back. It's five o'clock in the East on a Tuesday, which means it's an all new edition of What Are Your Thoughts? My name is Downtown Josh Brown.

My co-host is with me as always. His name is Michael Batnick. Say hello, guys.

Michael Batnick (1:16)

That's right, Josh. Hello, hello.

Josh Brown (1:17)

All right. Say hello, guys. I wanted to chat to give Michael a big wave. Guys, we have a big show tonight. We have tons to get to, but before we do, I want to say hello to a few people in the chat. I see Jimmy Moke made it. I'd like to go back to Miami if I am being honest. Me too, Jimmy. For those who don't know, Jimmy is the greatest publicist in all of financial services, and Jimmy is from Street Cred, which represents Ritholtz Wealth Management. Welcome to the show, Jimmy. Appreciate seeing you in the chat. Andrew Corman is here. Hello, Josh. Hello, Michael. What's up, man? Who else is here? Jeremiah is here. Georgie Day, I see you. Gary Walther is here. Caesar Vargas, 4200 is here. First time watching. Live shout out from Takalb, Illinois. Well, thanks for being here, brother. All right, we have a sponsor tonight. Michael, who's sponsoring the show?

Michael Batnick (2:15)

It is Public.

Josh Brown (2:18)

All right.

Michael Batnick (2:18)

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Josh Brown (2:52)

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Michael Batnick (3:00)

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Josh Brown (3:01)

Right immediately. It will tell you.

Michael Batnick (3:03)

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Josh Brown (3:25)

Today's show is sponsored by Janus Henderson Investors, where we believe working together is the way to work better. Like combining your portfolio plans and our in-depth strategy, your valued assets and our valuable insights, your mission and our vision. Always working in perfect harmony to find the right investment opportunities. Janus Henderson Investors investing in a brighter future together. Visit janushenderson.com Well that was a 10 out of 10 read, Michael. We're going to talk about Nvidia's GTC event, which took place today, is taking place right now. I think it's in the hockey arena where the San Jose Sharks play. It's in something called the SAP Center. And that's what I think. I think it's at the hockey rink, TBH.

You want to double check that before I run with it? Anyway, let me show you guys a chart of Nvidia. Full disclosure, I am long. I have been long for more than 10 years. The stock has not done much in the last six months.

Michael Batnick (4:32)

It's digesting.

Josh Brown (4:33)

Yeah, although it is one of the better performing mag 7s on most timeframes, including recent timeframes. And I have to tell you, I think it's going to 250

What do you think about that? This is the best stock. This is literally the best company in the world. And it's one of the cheapest stocks in tech. And I think it's in this slumber as the shareholder base sort of gets bored with great news. It's nothing but great news. And I think a few items of uncertainty will be removed from the story. And it's just going to launch. And there won't be any news because news doesn't move this stock. They put out the best earnings they've ever put out. The stock goes down 2%. It's not a news driven stock. One day, people are going to be like, oh, my God, I can't believe I didn't buy it.