Jonah and Obby from 1000x break down why the AI trade still has legs, why gold is quietly setting up as a great buy, and why the Iran conflict probably won't wreck markets.
Key Points
Key Highlights:
- Only 2.2% of US households pay for an AI subscription right now, same spot e-commerce was in years before it exploded, meaning this trend is still early
- After memory stocks like Micron and Intel dropped 30 to 40%, Obby went all in expecting another 2 to 3x, even a coin flip odds makes that a great bet
- Korean retail traders got wrecked with $26 billion in margin loans blown up and 1.2 million accounts liquidated, showing people are leveraging up hard because they believe in the trend
- Gold has held $4,000 for six weeks and looks technically strong, since gold moves mostly on central bank buying not fundamentals, watching key price levels actually works here
- Trump seems to be controlling the Iran conflict's intensity based on oil prices and market reaction, ramping it up then backing off, so it likely won't tank markets
Takeaway This trade still has room to run. Retail is already leveraging hard into AI, and rotation into beaten down plays like gold and crypto looks like the next move as things stabilize.
