Asks why Doug Clinton prefers Amazon, Apple, and Google over Nvidia.
Scott
Doug Clinton
Prefers Apple and Google due to potential for personal AI, a new $1T+ market not priced in, while Nvidia's strong results are expected.
Notes market nervousness about hyperscaler spenders vs. Nvidia as receiver.
Scott
Doug Clinton
Apple stands out with high free cash flow yield and low capex, offering yield plus AI upside if Siri improves.
Doug Clinton
Expects muted Nvidia price action tonight vs. past 8-10% jumps, as good numbers are priced in.
Notes tech trade broadly hangs on tonight's results including Salesforce and Snowflake.
Scott
Doug Clinton
Expects Nvidia earnings to reaffirm AI trade on hardware/hyperscaler side; software side more interesting with questions about AI agents.
Asks if he would own SaaS stocks now.
Scott
Doug Clinton
Owns SaaS like ServiceNow; big enterprise deployments resilient to AI displacement near-term, but tools like Salesforce may face long-term justification issues as AI agents change work.