Nov 12, 2026 · 1h 2m
Investors weigh AI infrastructure bets against execution risk
Ep 64: $RKLB, $IREN & $EOSE Earnings, $NVDA Espionage, $TSLA Cybertruck
The discussion tests whether rapid AI demand can justify ambitious valuations while corporate controversies, tax decisions, and strategic reversals reshape individual positions.
- 1Rocket Lab’s growing backlog and Neutron investment strengthen its long-term case despite expensive current metrics.
- 2IREN’s shift from Bitcoin mining to AI data centers offers rapid growth but leaves delivery and execution risks unresolved.
- 3Tesla’s Cybertruck exit raises questions about prioritizing an unproven robotaxi strategy over an established vehicle program.
Don't miss
The hosts challenge Tesla’s decision to discontinue the Cybertruck and prioritize Cybercab despite limited robotaxi deployment.
The brief
Hamid and Dustin open with a volatile market week, then examine Jensen Huang’s alleged ties to a Chinese spy and whether controversy alone warrants removing NVIDIA’s CEO.
Their portfolio discussion turns on buying NVIDIA, Micron, Rocket Lab, and IREN after a selloff, while tax-loss harvesting and allocation targets shape what they keep or sell.
Rocket Lab’s earnings and backlog support its growth story, while IREN’s move from Bitcoin mining to AI data centers offers greater upside alongside delivery and customer-concentration risks.
Eos posts strong growth but still faces a longer path to scale, illustrating why the hosts may like a technology yet exit the investment for tax reasons.
Tesla’s decision to stop producing the Cybertruck and prioritize Cybercab prompts a broader debate over replacing an in-demand product with a robotaxi strategy still limited in deployment.
Listener questions bring the framework together: buy when valuations justify it, stage purchases around allocation targets, and favor durable leaders when AI infrastructure bottlenecks emerge.
What was said on this episode
17 statements · 12 positive · 3 negative · 2 neutral
Jensen Huang should leave NVIDIA if he permanently harms the company or shareholders.
“if he did anything that actively hurt NVIDIA or shareholders in a more permanent manner, not that the stock price is down temporarily, but if like company secrets were divulged to competitors.”
Listen at 5:41
Hamid’s poll found 89% favored Jensen Huang remaining CEO and 11% favored jail.
“89% of people thought he should remain CEO and he's the victim of a crime. 11% thought he's a criminal and should go to jail.”
Listen at 10:18
Fewer than 1% of NVIDIA employees reportedly favor Jensen Huang stepping down.
“fewer than 1% of NVIDIA employees think he did something wrong and needs to step down.”
Listen at 12:18
NVIDIA is extremely attractively priced at a forward P/E of 15.
“NVIDIA is now at an extremely attractive price, forward PE of just 15.”
Listen at 15:28
Hamid may buy more NVIDIA if its price falls without worsening fundamentals.
“if things get worse for NVIDIA in terms of stock price, but not the facts, then I might add to that position.”
Listen at 15:59
Rocket Lab’s products are in high demand and the company is executing exceptionally well.
“One is the things that they're making is in high demand, right? And they're doing a phenomenal job at it. They're just like knocking it out of the park in terms of execution.”
Listen at 23:08
Rocket Lab’s Neutron launches are essentially sold out through 2030 once operational.
“once Neutron goes live, these launches are going to... they're basically sold out until 2030, essentially.”
Listen at 24:22
Rocket Lab’s outlook is extremely bright.
“Everything is looking extremely bright for this company. Super excited about Rocket Lab.”
Listen at 26:16
Dustin plans to exit his EOS position for tax-loss harvesting.
“I've been saying for a while, like I'm probably going to exit this position and just take the tax loss harvesting on it completely.”
Listen at 34:00
IREN has a clearer path forward than EOS.
“Relative to Iron, I just feel like there's a clearer line of sight of where Iron is going as a company.”
Listen at 35:44
Tesla ending Cybertruck production will probably benefit Rivian R1T sales.
“this is probably going to be a very positive thing for the R1T sales”
Listen at 40:29
Hamid buys assets he considers underpriced and sells those he considers overpriced.
“I personally buy when I think things are underpriced and sell when I think they're overpriced.”
Listen at 44:46
Rocket Lab’s valuation may become reasonable over five or six years of growth.
“if you extrapolate five or six years down the road, then the valuation is not that bad.”
Listen at 47:45
Space demand is enormous, evidenced by Rocket Lab’s $1.2 billion backlog increase.
“the demand for space is enormous, as we just saw Rocket Lab's backlog just grow by another 1.2 billion in the course of three months.”
Listen at 49:31
Dustin will hold and accumulate IREN while execution remains strong.
“As long as everything is playing out from an execution standpoint, not talking about stock price, but how they're executing, I'm happy to hold and even accumulate”
Listen at 56:58
IREN has a strong long-term strategy.
“I think they have a strong long-term strategy”
Listen at 57:35
IREN revenue could rise from $216 million to over $770 million within two quarters.
“if they do, for example, go from 216 million in revenue this last quarter to over 770 million in revenue two quarters from now, that level of growth is like, it fixes all kinds of things.”
Listen at 58:57
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
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