Ep 37: Finding AI Stock Investing Ideas with Jacey Saige

Jess: You're listening to Market MakeHer, the self-directed investing education podcast that breaks down the stock market from her perspective.

Jessie: This podcast is teacher learner style.

Jess: I'm your co-host, Jess Inskip.

Jessie: My job is to apply my 15 years of experience and knowledge share.

Jess: And I'm Jacy Sage, the Gen Z investor learning alongside you, filling in this week for Jacy Dinwi.

Jessie: My job is to ask all the questions and make sure Jess doesn't speak in a foreign language.

Jess: Yes.

Jessie: Thank you for being here, Jacy.

Jess: And you might be wondering, who's this new voice you're hearing? Who is Jacy? Well, I actually came across Jacy on TikTok and I stitched one of her TikToks, whereas a lot of you probably found us from, but immediately became obsessed with her and financial literacy, the whole vibe that's there.

Jessie: And you were taking the SIE or exams at one point, I remember.

Jess: Yeah.

Jessie: Studying the textbook and studying for it.

Jess: So exciting.

Jessie: Yeah.

Jess: I'm going to date myself, but when I first got my licenses, it's before they created the SIE.

Jessie: So I actually had to do it all in one six hour.

Jess: That's what I keep hearing.

Jessie: I was recently actually talking to this wealth manager guy and I was like, oh, I'm studying for the SIE.

Jess: And he was like, what's that? And I was like, are you supposed to be licensed? But then I was like, oh, it didn't exist.

Jessie: Exactly.

Jess: You got automatically, I think it's in 2018.

Jessie: If you broker check me, it says that I have it, but I never actually took it, but you just got grandfathered in.

Jess: Oh, see, aging again.

Jessie: This is going to be fun.

Jess: Nonetheless, JC makes some really good content.

Jessie: Even though JC isn't licensed, she does her research and we appreciate that at Market MakeHer.

Jess: We are very careful about who we allow on this podcast.

Jessie: So she wants to gain experience, she wants to be able to knowledge share.

Jess: And since Jesse is out of office this week for her birthday, she's feeling better, by the way.

Jessie: We thought, why not have JC? You can also follow her on TikTok.

Jess: It is at JC underscore Sage, S-A-I-G-E, and that will also be in the show notes.

Jessie: But JC, I would love for me to stop talking and for you to tell our listeners about yourself.

Jess: My introduction to finance started when I was accidentally put into a business class my junior year of high school.

Jessie: I actually ended up loving it so much that I took it again my senior year instead of having a free period.

Jess: Because of that class, I started investing my own money, reading finance books, listening to podcasts, and I saw that there was this sharp lack of resources by women or by queer people.

Jessie: There were just very few people who looked like me talking about finance.

Jess: So I started my TikTok page where I decode a lot of jargon.

Jessie: I share what I'm investing in, and I talk about what I'm learning finance-wise.

Jess: I love that.

Jessie: I stop scrolling when it's on, and I like the way you put everything together.

Jess: And I think your thought process is amazing.

Jessie: And there's a lot that everybody can really, really benefit from.

Jess: So I'm excited for today.

Jessie: Thank you so much.

Jess: I'm like giggling and kicking my feet over here.

Jessie: You've said a few times that like I do my research, and that makes me so happy because my goal is to be a very reputable source for Gen Zers because there's so many people who are talking about like sexy investing, how to make $1 into a million dollars.

Jess: That's just not realistic or applicable.

Jessie: It's not.

Jess: Yeah.

Jessie: And it's like sexy investing, you know? And I'm like, I do like non-sexy investing.

Jess: I'm going to be a millionaire because I have a plan.

Jessie: And it's a really simple plan.

Jess: I'm going to be a millionaire when I retire.

Jessie: And that's that.

Jess: And that's what I talk about.

Jessie: I love that.

Jess: It's sustainable growth and that's what lasts.

Jessie: That's amazing.

Jess: So since JC is filling in for Jessie this week, we also asked her what she would like to talk about.

Jessie: And we went back and forth a lot.

Jess: Peek behind the curtain, we are very last minute here at Market MakeHer.

Jessie: We sometimes film the episodes the day before.

Jess: One time we got two weeks in advance and that was amazing for us, but we all have day jobs.

Jessie: So here we are and JC, you said you wanted to talk about investing in AI, which is one of my favorite subjects.

Jess: So why this topic? AI is just all over social media right now and May is full of all these AI tech conferences.

Jessie: I know there's an Apple one coming up, so I would love to explore how that is impacting the stock market.

Jess: I love that.

Jessie: All right, let's dive into it.

Jess: There is a lot of AI tech conferences this month.

Jessie: And it's really funny because they keep trying to front run each other.

Jess: Apple's event is actually in June, WWDC.

Jessie: Apple hasn't done anything yet with AI.

Jess: So everyone is holding up on that, but they keep teasing stuff in and out.

Jessie: So I'm excited to see if they actually do something with that.

Jess: But what's really, really interesting about these events is how they're actually going to use AI and translate it into revenue.

Jessie: That's what we're focused on when we're looking at the impact of the stock market.

Jess: So is it a public company? When they are a public company and are they announcing a partnership? Are they utilizing NVIDIA a lot? And if they're using NVIDIA, then that would make their stock price go up.

Jessie: So it's what does it take to build AI? That was step one.

Jess: From there, how is it actually going to translate into revenue now that you have people that are building these models? Where's the next leg of AI investing is what I've been focusing on anyways, especially with those events.

Jessie: In episode 21, we talked about building an investment thesis.

Jess: This was really early on on AI.

Jessie: And whenever you're looking at finding an investment opportunity, totally like a science project, that's the way we laid out how to do an investment thesis.

Jess: We wanted to figure out, okay, if you wanted to build AI, what actually would it take? We came up with five separate categories.

Jessie: One, if you're going to build a large language model or machine learning, chat GPT, what do you need to do that? You need those big chips.

Jess: That's NVIDIA.

Jessie: And that's INTC, Intel, Google had a solution, AMD and Meta.

Jess: So like building the chips, companies with the biggest data.

Jessie: If you wanted to make your own large language model, what company would you have to get a contract with? And if you had to get a contract with that company, then that means they're going to recognize some type of revenue.

Jess: We are finding the companies that are going to build the AI because these companies' stocks are probably going to go up.

Jessie: Yes.

Jess: And that's what we did the first part on episode 21.

Jessie: And that was an important step.

Jess: But what we have to do now is say, okay, did that investment thesis play out? Because you're stepping in an advanced spot, Jacy, where we're going from a step two on we found stocks.

Jessie: How do we build upon that? So we threw you in to advance real quick.

Jess: So that was number one, NVIDIA.

Jessie: And if you look at NVIDIA stock all year, I want to say a good 70%.

Jess: Oh my goodness.

Jessie: Yeah.

Jess: It is ridiculous.

Jessie: But that's because everything points back to AI.

Jess: And if everything points back to AI, all AI points back to NVIDIA.

Jessie: Because in order to make these large language models, to make your chat GPT model inclusive of Microsoft, you have to use an NVIDIA chip.

Jess: The way that we would check on this when we have an earning season, and I like the way this is turning into like checking on your investment thesis.

Jessie: When Microsoft reports, Google reports, and Meta reports, all of these report before NVIDIA.

Jess: NVIDIA goes last on earnings.

Jessie: What are they reporting? Earnings? Yes, earnings.

Jess: That's right.

Jessie: But not only in their earnings reports, they say where they're spending money, like there's a conference call.

Jess: So you know, if you got your report card and you ever had those parent-teacher conferences, that's what happens on an earnings call.

Jessie: It's literally a bunch of analysts get on, they can ask questions, the principal or the head of it all is giving direction.

Jess: And the stock actually moves based on the earnings call, sometimes more than it does just earnings, depending on who it is.

Jessie: Can anyone jump on an earnings call? You can listen to them.

Jess: Not anyone can talk, but absolutely.

Jessie: So I can just Google like Google's earning call and then jump on it whenever it's going? Absolutely.

Jess: Because you're a shareholder.

Jessie: You own a piece of that company.

Jess: You own a right to it.

Jessie: It's a tiny piece.

Jess: It's not going to move much, you know, but everyone's vote counts, they say.

Jessie: But that was step one.

Jess: So some really good highlights from earnings so far, Meta, Facebook, they went down post earnings because even though they did okay, they said, hey, we're going to spend a lot of money.

Jessie: And if they're going to spend money, like companies, you want them to make more money than they're spending, just like us as humans, we call that the profit margin.

Jess: And so they told us that they're going to spend more money.

Jessie: Therefore the stock went down because they don't have an AI product yet.

Jess: But what happened is Nvidia went up immediately after because they're the recipient of the money.

Jessie: So when we're assessing stocks, we're constantly searching for where is the cash going? And then the recipient usually makes the market go up.

Jess: If I was to buy a stock from one of these companies, would I be looking at a long term or short term investment for this AI thing? Got it.

Jessie: So that's where your investment thesis comes into play.

Jess: The way that I personally invest, and this is people's personal risk tolerance, right? Like you're in different places in your journey.

Jessie: But for AI, I think it's a long term play personally.

Jess: And there are some things that could be shorter term, but there are others that I feel like are definitely longer term.

Jessie: That's a good question because the bigger question that a lot of the market has is, is Nvidia a short term play? How many chips are people going to need? And then what's the next step? This is about AI, but this could be about anything.

Jess: This could be about cars.

Jessie: And we could do our research on car companies and whether they're coming out with like a new muffler or whatever.

Jess: And then the stock can go up and down like randomly.

Jessie: Does that make any sense? It does.

Jess: Okay.

Jessie: I love where this is going.

Jess: The stock market's forward looking.

Jessie: So it's constantly searching for what is the price of this worth? I love to use the analogy of homes.

Jess: My parents are boomers and they don't believe in investing in the stock market despite what I do for a living, which is crazy.

Jessie: But they're really into real estate.

Jess: So if you ever gone on Zillow and like look at the prices of houses, so imagine that that changed every millisecond, it'd be crazy.

Jessie: It's the constant value of what that asset is worth.

Jess: The same thing happens with the stock market, but a lot of things will impact that price.

Jessie: The market is forward looking.

Jess: And then the check in to see if that price is what it should be happens quarterly when it's earning season, aka report card season.

Jessie: It's all like this huge domino effect.

Jess: So we're in an interest rate environment.

Jessie: If the Fed raises interest rates to tackle inflation, that means they're going to stop people from spending.

Jess: The stock market doesn't like that.

Jessie: The stock market likes people spending.

Jess: So when they raise interest rates, it costs more for you and I to carry credit.

Jessie: That's why I say the cost of capital is higher.

Jess: If you have debt on your credit card, your interest rate is going to go higher if you already have it.

Jessie: That's bad for you.

Jess: It makes your expenses go up and you didn't do anything.

Jessie: That sucks.

Jess: Same thing happens with companies.

Jessie: So technology companies require capital to innovate.

Jess: They need cash to go make AI.

Jessie: They need cash to go make the metaverse or whatever they're working on.

Jess: So when the Fed raises interest rates, it usually hits technology first because if they have a lot of debt, when that debt comes to mature, because they issue debt by issuing bonds, then it's going to cost them more.

Jessie: So just like it impacts you, it impacts them.

Jess: So meaning a piece of news like inflation is high, the Fed may raise interest rates or meta spending money, it will affect Nvidia, makes the stocks react immediately because the stock market is constantly saying, what is the price of this security actually worse? And when we're building an investment thesis, we are saying this is worth more than it is now.

Jessie: Why? So we're guessing on the gossip of the news, how much people are going to pay for these things? In a way, I would never say guess.

Jess: I mean, it is a guess in a way, but it is a educated, a very well educated guess.

Jessie: You don't want to say just on news that is not enough information.

Jess: But now, think about how long the stock market's been around, like 1930s.

Jessie: Before if you wanted to look at a company and look at their expenses and their revenue and all these models, you'd have to get a piece of paper.

Jess: That's insane.

Jessie: Now, you know what I mean? Paper? No.

Jess: Paper.

Jessie: Yeah, exactly.

Jess: Paper.

Jessie: That's why it's called a stock certificate.

Jess: You know that? Because- I found one of those in my basement.

Jessie: Yeah, it might be worth something.

Jess: I found a paper stock and it said, one stock in a hardware company, and I don't know what hardware company.

Jessie: Interesting.

Jess: Okay, so total tangent, I'll keep this in there.

Jessie: On your stock certificate, there is something called a CUSIP number.

Jess: Okay.

Jessie: It's like the social security number of a stock.

Jess: They all have that.

Jessie: You could look up the transfer agent.

Jess: If you tell me if- I could show you a photo.

Jessie: Yeah.

Jess: Yeah, send it to me.

Jessie: I'll tell you exactly what it is.

Jess: I could not figure it out because it just said hardware company.

Jessie: And I was like, okay, 1900s hardware company.

Jess: Amazing.

Jessie: So the reason why it has that CUSIP number, though, I have so much useless knowledge of my brain.

Jess: It's like, say you were to change your name over time, you keep the same social security number.

Jessie: So that might have, the hardware company could have been acquired by Target at some point and you have Target.

Jess: See what I mean? I'll send you a photo.

Jessie: You tell me what's up with that.

Jess: I will.

Jessie: Yes.

Jess: Is it in your name or someone else's? It's in my grandpa's name, but he might have given it to my mom or something like that.

Jessie: Okay.

Jess: Well, I can walk you through how to do that.

Jessie: We need an episode on that too, like inheriting stuff.

Jess: That would just so cool if we went over my paper stock.

Jessie: It's like in my basement right now.

Jess: Yeah.

Jessie: I would love that.

Jess: Back to AI.

Jessie: So with all this AI stuff, like AI, it's going to get better, right? So aren't all of these stocks going to go up? Well, this is the interesting thing about the stock market.

Jess: We're talking about large mega cap stocks right now, which are the biggest companies.

Jessie: You know, the dot-com bubble, what happened? If not, let's go, let's talk about it for a moment.

Jess: So the dot-com bubble is like a big stock market crash that happened before the great financial crisis.

Jessie: So I'm like 2001.

Jess: So when the internet was invented, I wasn't born, but history helps us know what's going.

Jessie: And a lot of people are comparing right now to the dot-com bubble.

Jess: So what happened is we didn't know what the internet was.

Jessie: So think about in a time where you did not have the internet, archaic.

Jess: I grew up with the internet, thank goodness, but it was disruptive.

Jessie: People are like, what is this? I don't understand it.

Jess: And it also transformed very fast.

Jessie: AI transforms very fast.

Jess: It's compounding.

Jessie: So what happened is because people didn't know how it was going to make money, people would literally make a company in their garage, put dot-com behind it, and then it would go bankrupt.

Jess: But people bought into it.

Jessie: And there were a lot of buyers anticipating that that price would go higher when they had no clear path to profitability, like they had no way of getting revenue.

Jess: They had no way of being steady and secure like you do with getting to a million dollars.

Jessie: It was just bad management.

Jess: And that caused a big bubble to burst.

Jessie: That's what it means is like there's so much demand, everyone's excited, it's inflated, an inflated market.

Jess: That's what it means.

Jessie: And then it burst and then it crashed.

Jess: That's not the case now because Google is a huge company.

Jessie: Microsoft is.

Jess: These are all established companies.

Jessie: They have revenue.

Jess: We all use Google all the time.

Jessie: They have healthy profit margins and clear paths to profitability.

Jess: So to answer your question, there are so many forces that want the stock market to go up.

Jessie: It does not matter if you are left or you are right, where you fall in the political spectrum, the Treasury, the Fed, everyone has a interest in some way, shape or form for the stock market to go up because that means companies are doing well.

Jess: So us as consumers, we would have a job that would make the economy look good for whoever is president at the time.

Jessie: The companies make money, so the companies want it.

Jess: It may not be the same thing for everyone.

Jessie: There are forces for in the long run why the stock market should go up.

Jess: And I really think that's why it goes up always over time.

Jessie: Very abstract answer, but it is the reality of the situation.

Jess: But nonetheless, these are very big established companies.

Jessie: And so what we want to do and drill down to is are they exhausted when they have these clear paths to profitability? So are they going to make money? How are they going to make money and who's going to be the biggest beneficiary? What headwinds are they going to face? And that's how we find additional investment opportunities.

Jess: What is a headwind? A headwind? So that's like, you know when you're in a plane and my husband's European, so I go to Europe a lot and fancy.

Jessie: One way is faster than the other because one has headwinds and the other has tailwinds.

Jess: So you're going with the wind and then or you're going against the wind.

Jessie: So it just means obstacle.

Jess: So headwind is hard, harder.

Jessie: Yeah, it's an obstacle.

Jess: Like what is an obstacle I have to overcome? Someone's got to tell the finance bros there's no need for all these bear market, bull market headwind.

Jessie: Like just say easy or not easy or going up or going down.

Jess: That's all these jargon things are.

Jessie: There are so many, but what we have learned, kind of like Latin, like it's all in the name and they're not crazy creative, but there is a lot of jargon in finance for sure.

Jess: Well, I'm going back to aren't all these stocks going to go up except for you said Nvidia might be like, maybe it's a fluke or whatever.

Jessie: I don't think so because Nvidia is constantly iterating.

Jess: Back to the events that are happening, Nvidia had their first event and they announced something called Blackwell.

Jessie: What's happening now is they have these chips that cost like $40,000 a piece.

Jess: That's a ton of money.

Jessie: That's not accessible for the, they're required to make the large language models.

Jess: So that was episode 21 though is we went through those models, what it took to build one.

Jessie: Now we have earning season to see where that came through.

Jess: The stock market's got up a lot because of AI, because the S&P 500 is 30% technology.

Jessie: Oh, it is.

Jess: It is.

Jessie: The biggest stock, do you know the biggest three stocks in the S&P 500? I don't.

Jess: What are they? That is Microsoft, Nvidia, and Apple.

Jessie: That makes sense.

Jess: And they make up about 10% of the market.

Jessie: So everybody's invested in AI and they probably don't even know it because the market is changing.

Jess: And so when investment crews are like, you don't need to pick stocks, I'm like, everyone is already over-concentrated in technology.

Jessie: If you're in the S&P 500 period, you already are, which I think is funny.

Jess: But here is the next layer that I've added since this episode.

Jessie: This is an example of a headwind.

Jess: So a obstacle that AI has all of a sudden created, which is grid pressure.

Jessie: I saw this really interesting TikTok and I followed up on it because it's just useful information.

Jess: Always do your research.

Jessie: I should send it to you, where it said that one chat GPT query, so asking chat GPT to do whatever, write an email, is equivalent to having a light bulb on for 15 minutes.

Jess: And that's insane, but the data backs it up.

Jessie: So grid pressure, meaning AI uses a lot, a lot of power.

Jess: It's becoming more efficient, but it's a byproduct of its compute growth.

Jessie: The demand is growing so, so high, but that's a headwind now that we've uncovered.

Jess: And if with a headwind, you got to say, who's the solution? And then we get stuck ideas that way.

Jessie: Oh my goodness.

Jess: This is like some crazy math.

Jessie: This is reading research constantly.

Jess: Yeah.

Jessie: Where are you getting this research? What news outlets are where? This is by day job.

Jess: So I do a lot, somehow become the Fox Business AI go-to person, which is very interesting.

Jessie: But I do watch CNBC literally all day long, when I do, understanding how AI is created though.

Jess: Let me give you exactly what happens.

Jessie: This is a very true story.

Jess: I was the first one to talk about it on something called the Schwab Network.

Jessie: It started because of TikTok.

Jess: Not kidding.

Jessie: I was literally on TikTok and everyone was like, Chachapiti, Chachapiti, Chachapiti, Chachapiti.

Jess: And so then I was like, Chachapiti, is that a public company? What is that? Then I looked it up, OpenAI.

Jessie: And then who owns OpenAI? Microsoft.

Jess: And then I was like, whoa, that's a big deal.

Jessie: Because think about what TikTok is.

Jess: TikTok's going to show you more content if a lot of people like it.

Jessie: And if a lot of people like it, and it's something that has revenue with it, then that's telling me that the stock's going to be impacted a lot.

Jess: So that's where the idea was born.

Jessie: So investment thesis can come from anywhere, absolutely anywhere.

Jess: And I think TikTok's a good source to get it.

Jessie: You can get mass interest and understand mass interest.

Jess: And TikTok's a solution to that, depending on what the algorithm does.

Jessie: So that's where it started.

Jess: I knew how to look for something with exposure.

Jessie: So look at Microsoft.

Jess: And then I analyzed it from there.

Jessie: But then the way I found these other stuff is I found this girl called Rachel Woods on TikTok.

Jess: And she used to be on the board for Facebook.

Jessie: And now she has an entire company called the AI Exchange, where she just talks about how to use AI.

Jess: It has nothing to do with investing, but she goes through if you want to build this model.

Jessie: And so just like on TikTok, where I saw, oh, this is a public company, I took her research — I told her I did this, too, because I love her — and outlined every public company that's impacted.

Jess: So it's kind of like a map of all of the companies and putting a puzzle together.

Jessie: And other people did this, too.

Jess: But this is how I did that, and then applied analyst on top, reading other people's opinions.

Jessie: Do you love Merrill's research? It's probably my favorite of all time.

Jess: Investing.com as well.

Jessie: But it's having an idea — that's what an investment thesis is — and then validating your idea with as much data as you can find.

Jess: Stay with us.

Jessie: We'll be right back.

Jess: Ready to plug into the future? Join myself, Sean Leahy.

Jessie: And me, Andrew Maynard.

Jess: On ModemFutura, where we explore the technologies shaping our futures.

Jessie: We bring the experts, the insights, and a whole lot of curiosity to every episode of ModemFutura as we boldly go where no one else has gone.

Jess: So join us as we navigate the intersection of innovation and humanity, uncovering the stories that will define our collective futures.

Jessie: Subscribe to ModemFutura wherever you get your podcasts.

Jess: We'll see you there.

Jessie: See you then.

Jess: It's like a massive scavenger hunt.

Jessie: It is a scavenger hunt.

Jess: You're right.

Jessie: That's what I was thinking.

Jess: That's what I was trying to come up with in the beginning.

Jessie: I like it.

Jess: It's like a massive scavenger hunt across the world and the web.

Jessie: It is.

Jess: There's like so much public information everywhere.

Jessie: It's insane.

Jess: What helps with this and why we started this podcast is to explain it all and talk about it and understand where your resources are.

Jessie: And something we talk about often is the stock market is around you.

Jess: So if you are on TikTok and all of a sudden everyone is using something, there is an investment opportunity there.

Jessie: It starts with an idea, but then you have to validate it.

Jess: My brain is transcending planes right now with this knowledge.

Jessie: That's hilarious.

Jess: I feel like we're talking less about AI specifically and how you track a stock in general because I know very level one of that and this is like level 27.

Jessie: We did go into something a little more advanced and this is finding stock ideas, just finding stock ideas.

Jess: And then we have to validate them, which we haven't even gotten into.

Jessie: But there is an episode on how to analyze a stock where we actually walk through that.

Jess: You say, oh, I like the stock.

Jessie: It has these buy ratings.

Jess: So here's its price target.

Jessie: That's the easy way or the hard way, just like you would yourself.

Jess: What are their earnings? Is that going up? Are their expenses going down? Are their revenue going up? Do they have a lot of cash or do they have a lot of debt? Just like you would look at yourself being healthy financially, you do the same thing with a company or you could look at an analyst and see what they say.

Jessie: Okay.

Jess: Yeah.

Jessie: You can pay attention to it as much as you want or you can just be passive and invest in index funds.

Jess: That's the beauty of the stock market.

Jessie: There's a solution for everyone.

Jess: Yeah.

Jessie: Back to, though, the new exciting opportunity that's emerging.

Jess: I don't know if it's exciting, but it's grid pressure.

Jessie: That is a great example of headwind solution is nuclear power with really good margins.

Jess: And then also like VC activity.

Jessie: If there is any big funding, then that means they've done these pitches and so there's good stuff there.

Jess: So VC is venture capital? That's right.

Jessie: Yeah.

Jess: Influx of cash.

Jessie: Who's getting the cash? Where's it going? That's all we're looking for.

Jess: You know? Okay.

Jessie: Apple, I think is the one to watch.

Jess: That comes in June.

Jessie: Apple is important because it makes up a very big piece of the stock market percentage wise.

Jess: Apple did not overhire during COVID.

Jessie: So you know how there were all those tech layoffs after COVID? Apple was not a part of that because Apple was not a part of the problem.

Jess: They didn't overhire.

Jessie: So that tells me they have good management and they're like the OG innovators.

Jess: They came up with iPhone and it was Blackberry before them.

Jessie: And then they flipped it and they always give us cooler, amazing products.

Jess: We haven't seen what they will do with AI.

Jessie: There's been pictures of them.

Jess: It is literally like gossip now that we're thinking about it.

Jessie: Yeah.

Jess: It's like news gossip.

Jessie: We're like, okay, so we've seen photos of this.

Jess: Okay.

Jessie: The news is this.

Jess: So perhaps the stock will be worth more.

Jessie: It's exactly it.

Jess: It's what I'm getting.

Jessie: It's just like girlies.

Jess: And it really is.

Jessie: I love learning about finance because it's supposed to be so like bro-y, but it's just like a treasure hunt.

Jess: It is a treasure hunt.

Jessie: It is a treasure hunt.

Jess: But it's investing in companies and companies you believe in.

Jessie: That's why it's called investing.

Jess: You're like literally invested in their success.

Jessie: For sure.

Jess: It's like, it'll work out.

Jessie: Apple.

Jess: Yeah.

Jessie: They're June.

Jess: June is so right around the corner.

Jessie: They're going to tell us what they're going to do.

Jess: But they also have what's called a cash neutral strategy.

Jessie: They issue debt.

Jess: Yes.

Jessie: They issue bonds, but they also have cash equivalent to it.

Jess: So cash neutral, which means they're not really impacted by these high interest rates because high interest rates means cost of debt goes up.

Jessie: But it also means if you have cash, you get more interest on that, which is why your Heights Livings account went up as well.

Jess: Okay.

Jessie: Which is, I'm excited to see what Apple does, is the point.

Jess: Apple has been underperforming the market.

Jessie: But since Apple is a big piece of the market, when it does do something, it will move the market a lot.

Jess: How do you know Apple is underperforming? Are you like comparing it to the S&P 500? Yes.

Jessie: Such a good question.

Jess: Whenever we say the market, we mean the S&P 500.

Jessie: So can you send me these gossip meetings when they happen? Like the Fed or the news? I don't know.

Jess: Where are they happening? They happen everywhere.

Jessie: There would be news on it.

Jess: So I guess like the paparazzi shows Taylor Swift with Travis Kelce.

Jessie: It was literally a news story that said Tim Cook with the Google CEO.

Jess: And people are like, oh my God, something's happening.

Jessie: Wait, that's so funny.

Jess: The finance pros are just like us.

Jessie: They're like Smith D's.

Jess: They are.

Jessie: They're they're they're scheming something.

Jess: But they also wanted us to know it and they wouldn't have done it in a public place.

Jessie: Oh.

Jess: Huh.

Jessie: That's so drama.

Jess: Wait.

Jessie: It's very drama.

Jess: They wouldn't have done it in a public.

Jessie: But you're so right.

Jess: So they're trying to stir up the pot.

Jessie: They are.

Jess: They wanted to.

Jessie: They must have.

Jess: Troublemakers.

Jessie: OK.

Jess: I guess I need to know the players.

Jessie: I need to learn these things now because I don't even know who the gossip is should be about.

Jess: I don't know.

Jessie: Is it Apple? This place.

Jess: It was Apple.

Jessie: But it could be anything.

Jess: But this is how the stock market works.

Jessie: The stock market is just a bunch of companies and we're constantly trying to figure out what those companies prices are going to be.

Jess: And then news and economic events can adjust that.

Jessie: So if there is a big partnership between Apple and Gemini that could lead to a really cool A.I.

Jess: product on our phones, that's going to make the stock go up.

Jessie: I would do both of them because Apple is going to be spending money and Gemini is going to be a recipient of that.

Jess: Gemini is Google's A.I.

Jessie: model.

Jess: OK.

Jessie: We'll be a recipient of that.

Jess: So that would be one piece.

Jessie: But if we get employment data where all of a sudden unemployment is going up really, really high, not a lot of people are probably going to have the discretionary income to buy an iPhone.

Jess: So that would make Apple go down.

Jessie: If you want to understand stock market anyways, it's like this internal and external impacts that can constantly move things.

Jess: But it's all centered around you as an individual.

Jessie: Because remember, it's where you're spending money, where the stock market goes up.

Jess: But you multiply times who the consumer is.

Jessie: My brain is like up here right now.

Jess: But this is good.

Jessie: I'm glad it's good.

Jess: I hope it's helpful.

Jessie: It's hilarious.

Jess: You sound just like Jessie.

Jessie: She's like, OK, hold on.

Jess: Yeah, I'm like, oh, it's very big.

Jessie: It's very up here thinking, if that makes sense.

Jess: Yes.

Jessie: So NVIDIA is one of the big three of the stock market, which means it has the power to move the stock market.

Jess: It is required for those large language models.

Jessie: So no matter where you invest in AI, NVIDIA is a piece of it.

Jess: So NVIDIA is going to tell us demand bull.

Jessie: If they say no one's buying our chips anymore, then that may mean that the AI trade is changing and that can send the market down.

Jess: So if you have an investment thesis on AI, it starts with NVIDIA.

Jessie: And then where does it move to next? So it's a big deal tomorrow for the AI trade.

Jess: How do I watch that? How do I read that? So there is my favorite place to look at earnings is actually called earningswhispers.com.

Jessie: Or you can pull up like Google NVIDIA earnings.

Jess: But as a shareholder, one, you can go on the company's website.

Jessie: But if you go to your brokerage firm and you just click the symbol in earnings, normally you can see it there.

Jess: But if you want to listen to the conference call itself, it's the NVIDIA's website.

Jessie: And then usually there's somewhere that says investor relations.

Jess: Okay, I'm writing those down.

Jessie: So all of the information that you want to know as an investor is found on investor relations.

Jess: Just literally Google company name investor relations and you will find it.

Jessie: Okay, well, I've learned something new and I hope our listeners have too.

Jess: Thanks for letting me fill in for Jessie.

Jessie: Always.

Jess: Loved having you here, Jessie.

Jessie: You're welcome back anytime.

Jess: If you'll join, we'll call on you.

Jessie: Definitely.

Jess: Definitely.

Jessie: Yeah.

Jess: And if you found this helpful, someone else might too.

Jessie: So share Market MakeHer with someone, tag us on social, leave us a review or a rating.

Jess: That's the thing that the algorithm really likes..