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This Man Found the Next Multi-Bagger | The Solid Report
Recorded: March 10, 2026 Duration: 0:55:36Space Recording
Full Transcription
so i really thought that we were going to have a good close today just like yesterday and like
every single day everything is a fake out to the
upside and to the downside. But we'll actually see if this turns out to be very bad news that
continues to get priced into the market. My name is Sam Bedow, here with you on The Solid Report.
Welcome to the show, everyone. The usual crew is here. What is going on? Zo cold, always in the house, putting the midnight oil
in the medical field. And anyways, we have a good show for you today. We are going to talk about
the markets, of course, like we do all day, every day. We're also going to talk about more software
FUD on the market, fear, uncertainty, and doubt. As we have seen over and over again, I mean,
let's be honest the igv has
been outperforming the socks for quite some time almost seven trading days now excluding yesterday
it is no surprise to see that it's getting a little bit of a pullback as far as the ratio goes
but it's very possibly might have seen the bottom in this one and we're going to talk a little bit
more as to the reason why igv is down just a smidge today. We're also going to talk
about Kraken Robotics, which is an amazing company that I want to dig into with our guest coming up
on in about 15 minutes, Michael C. Ken Forbes, 30 under 30, man of the hour, co-founder of Our
Future, recently sold to Market Brew. And then we're going to discuss
other plays that he's looking at right now, but a little more on the Kraken deep dive. Actually,
Kraken is performing quite well toward the end of the day once we got that headline
that just came out. So hello, everyone. How are you? What is going on? Nick,
Joe, how are you, sir? Julian, how are you? BM&R, Rover, how are you doing today? Okay,
so let's take a look at what the markets are looking at today. I haven't looked at this for
about 15 minutes, so I'm sure a lot has happened in the past 15 minutes like it usually does
every single day. And it looks like that might've been a little bit of a fake breakdown there,
which is always good to see because that is ultimately what pushes the market a little bit higher.
But even on an outside timeframe, we're still continuing to see a little bit of a trend up
from that dip that a lot of people got the opportunity to buy on yesterday.
The Qs can't seem to be getting over this 50 day EMA.
It'd be nice to see it close above that one, but we have a lot of strength in the stock
market. Like I've mentioned earlier, IGV down two and a half percent coming back here to back test
the 21 EMA. We are going to get that crossover, which does look very bullish for IGV. Sox again,
outperforming, bouncing off the hundred day moving average and finding a lot of momentum to the
upside. Volume isn't as much as yesterday, but we'll see if that volume doesn't match up this
pullback in software is not as much as meaningful volume i mean it is decent volume but it's not
as crazy as we've seen the days prior so let's go ahead and get on with the show why exactly
is software pulling back today i will tell you the reason why it's probably pulling back
today in fact i'm not going to tell you i'm going to let cnbc tell you from a clip that i do want to
play from them uh here we go real quick let me let me have this clip play out for you this probably
gives a good explanation why everyone does an open clause it is that agentic ai bought that was
released um by oh i forgot the gentleman's name but he did get hired by open
AI or at least his company to get hired exclusive hire or an exclusive partnership where he is
technically working for Sam Altman so let's go ahead and see what CNBC has to say about this
Nvidia now reportedly making its own version of the viral AI agent OpenClaw named NemoClaw.
Wired reporting it has been pitching to companies including Salesforce, Cisco and Google.
Our dear DeBosa has more on that in today's tech check. This is going to be an interesting one, Dee.
It will be, Carl, and good morning. So first let me explain what Claws are. If you haven't heard
of them yet, you certainly will. They're AI agents that run on your computer and they do the work for you autonomously. So they're not chatbots, but actual software that can complete tasks step by step
without you touching the keyboard. The most famous one, OpenClaw, it went viral earlier this year.
And now Silicon Valley is obsessed. China is embracing it like crazy as well. The problem
is that they are unpredictable and there's no standard guardrails yet.
So enterprises, they want the productivity gains, but they don't yet trust the tool.
So that is the gap that NVIDIA is reportedly going after.
Now, here's what makes this strategically fascinating.
For nearly 20 years, NVIDIA's moat has been CUDA.
That's the software ecosystem that locks developers into building the NVIDIA hardware.
NemoClaw would break that playbook because it's open source. It runs on anyone's chips, not just NVIDIA chips.
And that may actually be the bullish case.
Think of Microsoft under Satya Nadella.
He took a company built on Windows lock-in, put Office on the iPad, embraced Linux, and
went cross-platform everywhere.
The bet was that if you're the best,
you don't need walls. You just need to be everywhere. That took Microsoft from a few
hundred billion dollars in market cap to over three trillion today. So NVIDIA may be getting
ready to run a similar playbook. The enterprise agent market, it is growing. There's no slowing
it. And NVIDIA can afford to give the platform away because more agents everywhere means
more compute consumed everywhere. And no one makes better compute than NVIDIA. Now, the timing also
makes sense strategically. NVIDIA's lock-in, it's already under pressure from the likes of Google,
AMD, Amazon, Broadcom. They're all building custom AI chips to reduce their dependence on NVIDIA.
So instead of going on defense, NVIDvidia is racing to own the next layer up
and of course guys we will be watching this very closely at gtc we know that you know jensen huang
is a huge fan of openclown has just been talking about it sort of non-stop over the last few
all right so this is obviously a step into the agentic ai layer we've had the original chatbot which we were all really
introduced to back in 2022 2023 where it's like you ask chat gpt uh what is whether like going
to be tomorrow and it will tell you and then things got a little bit more advanced where
applications would be able to communicate with chat gpt or the open ai api and then things
progress into agentic ai which i still feel like people might not have a
good understanding of exactly what agentic AI is. But now we do know because now it is basically AI
performing tasks on your behalf. You integrate it with your Gmail, you integrate it with your
Google Calendar, you integrate it with your Facebook, whatever it is, and it'll perform
tasks for you on your behalf using your credentials and your login. The thing that NVIDIA released was
sort of an open source version of this. We already did have OpenClaw, which is already open source
in its own, but now NVIDIA released their own flavor of this product or their own fork of the
product, which basically does the same thing, but released more at scale. It's kind of like when you
think about Apple, whenever Apple releases something, it's generally already available,
but Apple just makes it better. And in this case, did the same thing i guess a little bit of a scary this
is that you have a renewal of the software fud that ai is going to go software i continue to
believe believer that this is not going to happen that'll take a long time at least three four years
until this actually starts to come fruition and by then you'll have software companies are already
taking advantage of the capability of ai in fact a lot of the software companies are even selling off today
are already taking advantage of this that is service now is selling off today rubric is selling
off today zeta is selling off today and they already have embedded ai into each one of their
platforms but the market is fearful that ai is going to take their job because this is a compliant
product that's already
approved by the government everything out there except people think that they could just build
something with their agentic ai tool and just have it do that for them in enterprise scale
very likely not going to be the case but that is in fact exactly what the market is fearful about
and that is probably the reason why we're continuing to sell off let's actually take a look
probably the reason why we're continuing to sell off let's actually take a look at some of the
software stocks here today see how they are performing and i would say semiconductors have
been leading the day for the most part congratulations to uh crossroad he is just
killing it with this aehr position marvel is continuing to move the upside which is good
good we're getting a lot of positive momentum from applied materials as well as limb research
we're getting a lot of positive momentum from applied materials as well as lamb research
not all software stock not all semiconductor stocks are moving uh we do have on semiconductor
bouncing off um significant levels on the chart over here which is good to see our recent networks
gapping up today doing pretty well a lot of the memory stocks of course are doing very well today
sandisk and micron are up a lot today but again not everything is feeding to
the upside as we've seen with last few days we are seeing a very nice bounce off nebbia so the
data center theme still does continue today it is not necessarily dead but a very volatile volatile
market like we've seen for uh quite some time so wolf uh actually this is a very interesting one
because this is bouncing off
a critical level over here iran's continuing to be weak obviously there's a lot of fear but it did
bounce out the twitter moving after to see if you can hold on to those gains and uh basically basically
most of the gains we're seeing today is bit farms apply digital terror wolf as well as nebius
scrolling down here to the software basket you can see there's just a sell-off across the board with software it is just not good for the software right now you have like four percent
plus moves down over here adobe doing what it does best by pulling back i'll argue though that this
is a decent bounce i mean these charts are balanced these charts are pulling back a little bit but you
can't have like this huge move to the upside and without any type of consolidation or anything.
So I'd attribute this as being a little bit healthy here.
It is interesting to see Palantir down as the escalation has re-escalated.
We did get that news recently that I ran.
I don't even know if this is 100% true or not, but I did see this online.
Mr. Shai Buller did post it.
Let me actually share the post over here real quick.
We have that, uh, U S intelligence attacks signs Iran might be using,
might be preparing to deploy naval mines in the street of Hormuz. And there has been that,
there has been that, uh, sub, uh, submarine, um, cracking robotics theme where it could be that if you have a lot of boats being shot down or
a lot of boats being bombed in the Shredder Moose you can then again have these boats underwater or
submarines take down a lot of the boats or a lot of the attacking vessels in the strait creating a
nice red carpet for our boats to go through the Shredder Moose. In fact, it was actually pretty interesting because you had the Secretary of Defense
tweeting that the first ship was able to move chips across the Shredder Moose.
And then apparently that tweet was deleted.
I don't know the full story about that one.
I did see that one on Twitter, so I don't know how true that actually is.
But it was interesting to see that that tweet was actually taken down so i'm guessing the market is probably finding a little
bit of fear after seeing that happen of course you know this is a choppy market so you're not
going to get everything in green shoots uh the whole time just gotta send a message here real Hold on.
Yeah.
Okay, so let's take a look at the Kraken robotics over here.
Oh, wow, this thing is up a lot today, so it'll be pretty interesting to hear more about that one.
Let me share this screen over here.
Yeah.
You know, unfortunately my data is lagging over here because I guess since it's an OTC stock, um, the data from the OTC markets is a little bit lagging.
I'm trying to find some way where I can see the actual data.
Cause if I look on here, let's see here.
Kraken Robotics is trading at 736 right now.
It's up about 9% today.
The thing was up as much as 759 because it did get a little bit of a boost when we saw that news about putting underwater mines or naval mines in the straight different moves.
But again, we don't even know if this is 100% sure or not.
A lot of the stuff that you see tweeting
or a lot of the posts you see on Twitter,
a lot of it's not confirmation.
We don't know if a lot of this is actually true.
I mean, I guess it'll be somewhat reputable
if we do have a news media outlet reporting this. But, you know, I wouldn't be surprised if Iran is actually
looking at putting in more naval mines in the strait just to prevent a lot of submarine warfare
going on there. And again, like if that is if that is going to be escalation of the war, then so be
it. But I do think I personally do think that a lot of the escalation of the war then so be it but i do think i personally do think that
a lot of the escalation that we've seen has already happened and that anything further is
likely not going to be further escalation i mean if trump is out there already stating that we won
this war uh or it was already a victory then it's very likely that we're not going to have any more
aggressive moves in iran especially if he wants the the war to end sooner than later um from what i've seen when it comes to
iran is that laying down the large hammer is not the way to end the war with them that have to be
some sort of deal or not now politics set aside you know that that is what it is but the market
certainly does like the prospects of the war ending sooner than later. And even if I look at oil, like if I look at us over here,
it's down 1% of the day, it was down as much as I think like seven or 8%. It has recovered since
then. If I do look at, I'm not sharing the chart right now, but if I do look at, um,
crude oil futures, it was in the seventiess already now it's bounced back to about 84 bucks
so it's definitely a bit of a volatile actually i do want to share this chart here with you guys
uh for ovx so ovx is the crude oil volatility index everyone knows what the vix is it measures
the 30-day implied volatility for the sp500P 500 index. OVX does the same,
but it does it for crude oil or the crude oil contracts. So the more that we see this go down,
the better it is for oil because that means that volatility is starting to be suppressed.
You can see this volatility to the upside and to the downside, right? So as oil moves up and spikes up at a very rapid rate,
the volatility of oil also goes up as well.
But now that we're getting price compressed a little bit
and being a lot less volatile,
we're starting to see the OVX, the crude oil volatility index come down.
We do want to see this come down more
because that would mean that there's less fear prices to the market.
And that would mean that risk would be introduced back into the stock market
as oil prices do reside.
So looking forward to having that happen.
One thing that I also want to look at are the earnings for Oracle today.
They do report earnings after hours.
I'm going to bring up the earnings hub over here.
And I know there's going to be a lot of people looking at these earnings.
I unfortunately will not be up the earnings hub over here. And I know there's going to be a lot of people looking at these earnings.
I unfortunately will not be streaming these earnings today.
I'm sure you could go ahead and check it out on Amit's live stream.
He's probably going to be streaming it.
But Oracle is expected to come in at about 17 or 16.9 billion dollars.
And EPS is supposed to be at $1.55.
I think the biggest thing about the Oracle earnings is going to be the RPO and any commentary they give on the RPO.
If I go to Fiscal AI over here, I'm going to share this tab.
And then I go to Oracle.
There's a couple of things that happen in the market today besides Oracle reporting earnings. But if I go to the financials over here and I go to the segments of KPI, let me take a look down here at remaining performance obligations. This is really
the big thing about the Oracle earnings that like really made it stand out for the last couple of
quarters. And in fact, it's actually been kind of scary for a lot of investors because we did have
Oracle kind of peak around here when they reported the $455 billion of RPO.
And they actually increased it last quarter, but the stock failed to continue to maintain momentum to the upside.
And Oracle is coming in today into its earnings trading about $150.
I think we're probably going to see this RPO number come back up.
I think we're probably going to see this RPO number come back up.
It's kind of a double-edged sword here because if Oracle reports lower RPO,
that's going to signal a bit of fear into the market that maybe the obligations
that they originally signed up for for OpenAI are not as great as we had expected them to be
and then that there is some sort of tangible risk with how much revenue Oracle is getting promised
from OpenAI. And therefore, the market might become a little bit fearful of that. But also,
if this number goes up, the market's also going to be fearful that they can't back the additional
spending they're promising to Oracle. So again, I think the best case scenario we can probably see
from these earnings is possibly the RPO go up a little bit, but commentary that they
have distributed where the RPO is coming from by signing on contracts with additional clients
other than OpenAI. That's probably the best case you want to see if there's earnings for the stock
to move up. Now, as far as the charts go over here, let me actually share my trade view again
as far as the chart goes here for oracle this is just like a fallen cliff but you are seeing a
little bit of a little bit of basing out over here in the 150s range and i think a lot of it is
actually priced into the market so they'd really have to have really bad earnings in order for this to continue coming down
and definitely a lot more fear in the markets. I would say that if Oracle is down like 10% today,
it's very likely you're going to have a little bit of a pullback in the markets.
But if you do get that distribution of the revenue come in, then it's possible you might
get a good bounce off of Oracle leading back here above the uh above the 21 and 9 ema which would bring it up about 155 bucks
which is up like three percent so we'll see i mean definitely a lot of recovery would look a lot more
optimistic if we did get above the 170 range but on the weekly chart you you do have a lot of work
to do did bounce off the 200 week moving average and on the monthly chart i you do have a lot of work to do. It did bounce off the 200-week moving average. And on the monthly chart, I mean, this looks a lot better than the weekly chart,
but you still have a lot of work to do.
So yeah, we'll take a look at the Oracle earnings a little bit later on.
You guys can go ahead and check that out for people who are streaming
the Oracle earnings VEAM and Amit's podcast.
But I did want to bring in a guest over here.
His name is Michael Seekin.
He is actually one of the Forbes 30 under 30 back in in 2022 and he did have a few accomplishments under his belt so let me go ahead and bring him on
michael how are you sir what's going on brother dude it's been a crazy day yeah man i can't bring
up the real-time price of kraken robotics but it definitely did see a lot of benefit off
of the news that we saw from Iran. So it is really good to see it, man. I mean, you've been in this
thing since like three bucks or something? First bought at $3 a share. There's been, you know,
I mean, of course there were people who were in a long time before then, but I really believe that
I entered at the time before the world really began to appreciate how important subsea autonomy is and subsea intelligence.
So this company has a monopoly on the core ingredients to producing underwater drones that could potentially open up a trillion dollar waterway.
So right now, I believe the price action we've seen today on
Kraken, we're just blowing past all time highs. A report, a notification just went out on Bloomberg
terminals saying that this micro cap stock is tied to the Iranian potential, their minds.
And Zero Hedge just tweeted, I mean, this is crazy. I think we're going to see a major
repricing around the scarcity of the companies that serve particularly the subsea autonomy space,
subsea drones, but in general, just a major appreciation for increasing our naval assets
in the West to be able to contend with these kinds of disruptions. So I'm stoked right now,
man. It's been a crazy day. Oh, this must be a really good day the stock is up like eight percent i you know again i can't see it i have to go to uh
i have to go to think or swim in order to see what the price is but i mean the thing is at 733
it's up eight percent in the day and i feel like ever since they released that uh well i i'd actually dude it's at 750. yeah dude we're at 750 it's up it's up seven
uh it's up 10 10.6 percent right what are you looking at i'm looking on the otc ticker which
is krknf which is okay then the data is probably delayed i'm looking at thinkers i mean it's at 733
it's still up eight percent in the day but yeah on trading view unless you have the otc data you're
not going to get it's going to be a little the day. But yeah, on TradingView, unless you have the OTC data, you're not going to get, it's
going to be a little bit, but 8%, 10% still good.
And that's already a double bagger right there.
So nice work.
I was looking a little bit into your background.
I did not know that you were the Forbes 30 under 30, which is really cool, man.
So that must have been like a crazy feat.
And I was also reading that you were one of the founders of the companies,
one of the co-founders for Our Future, which got sold to Market Brew, right?
Or Morning Brew?
Morning Brew, yeah.
So basically I basically started this business where we're kind of just like
in kind of social media platform where I would make short videos talking about
the latest in business, startups, and tech. And they were like really digestible, easy to
understand. And we scaled that to around like a million and a half combined followers. So that's
a morning brew. We also had like a business helping bigger businesses with their video,
you know, media, whatever. And then I spent two years at Morning Brew, kind of a bit in the
business news space. I wouldn't say finance in particular, more like general business news.
And then more recently, yeah, I've been focusing on bringing like my media
passion and skills to the public markets. And the reason I love doing this is because I used
to make videos about private startups and the latest in news.
But what can I benefit from that beyond being more informed?
But when you make news about stocks, the average guy can pull up his phone and he can maybe make a trade that changes his life.
And that's what I love about stock content.
You can basically change lives.
You can really positively impact people and get them more interested in growing their wealth, growing their money in the same way the richest of the rich people do, which is making asymmetric multi-bagger bets.
And, you know, I just, I love the power of media to help educate people in smaller companies.
That's cool, man.
And you're still under 30 right
yeah i'm still under 30 i just passed the 26 mark but wow 26 years old man
yeah uh but but hey man i'm impressed by you as well i know you've been in the game for a while
so um i know you're working with with wolf and i saw your streams and stuff. So, you know, some people were really excited in my chat about me coming on here.
So kudos to you as well.
That's awesome.
Yeah, thank you so much.
I mean, I'm definitely not under 30, but I mean, still, I don't think there's ever like,
like, you know, 20s, 30s, it doesn't matter.
It's never too late to start, obviously.
But yeah, I mean mean that was uh honestly
finding these stocks and being able to talk about them pretty early before like of course now they're
all over social media now and now wall street's starting to talk about it um back what was it like
not even a year ago kraken was in the low single digit range and it still is a single digit stock
was very interesting considering its fundamentals but like what were some other stocks you got in pretty early i think i saw
on your feed like asds was on there too as well yeah i mean i first bought into asds like 25 a
share so that's been that's been pretty good uh bloom energy at 100 or maybe under 100 um and
then more recently aoi so i on my sub stack i basically called the number one stock of
2026 so far which is applied opto electronics they're up another 13.5 today oh they're killing
it today i'm really bullish i don't know if this stock ever goes down yeah they're on like a
generational run right now i mean i don't know i to be honest i actually trimmed a little bit before
the uh but when trump everyone thought trump was going to ruin the world with the oil and then, but dude, it's kind
of painful now.
Yeah.
I mean, it's still, it's still running pretty hard, which is good.
I mean, 9% in a day where like a lot of the fear for the war is starting to come back.
I, that's still no joke.
The theme is pretty strong.
Um, what about ASTS? When did
you get in that one? Cause I was talking about that one last year. I had already exited. Uh,
I think I exited ASTS around like 60 bucks, which is obviously too soon. Um, are you still in ASTS?
Yeah, I still am in ASTS, like not a huge position for me. Um, I manage your fund of like
on autopilot, which is like, I'm sure you've seen like Wolf has there.
I don't know if you have an autopilot.
But ASTS is one of the largest positions there.
So I think of all the, from an economics perspective, of all the companies out there that retail loves,
that retail loves.
I think the one that has the true potential of becoming like a trillion
dollar company,
like up there with Meta and Broadcom and Tesla is ASD space mobile.
Just because of their business model,
they can operate at a 90 plus percent gross margin with,
you know,
a very cap,
you know,
it's very capital efficient because you put up a satellite,
you can oversubscribe at a thousand to one.
It's really only used for backup support. And, uh, you basically then roll that additional
value into the mobile phone plan, um, with these big carriers. So I think the economics there
are undeniable. The question is, do you want to be in AST space mobile now when you're seeing so
much momentum in photonics and you're seeing so much momentum in like defense so and and asd has
some defense times too but uh i think ast is just honestly probably the next the the community around
the stock on on x is uh is like tremendously powerful and if you want to find the community
that will take you in and you can you can ride with but the kraken community is good too i'm
really happy about that well fortunately the kraken community is good too. I'm really happy about that.
Well, fortunately the Kraken beauty is pretty small right now. And it's probably going to get really big of this stock continues to perform
well. Like wall street is obviously like, you know,
they're on top of the stock cause it basically doubled or tripled in the last
year. So that's what it becomes exciting to wall street,
but being a retail investor, you can get into these themes are pretty,
themes are pretty, pretty early. Like ACTS, I was in this thing, like around the 20 buck range.
pretty early like ACTS. I was in this thing, like around the 20 buck range.
And when I saw a triple, I was like, okay, you know, the story is great and it's probably going
to keep going higher. But now that it's already made that massive gain, it's time to rotate some
capital into other things that could possibly be multi-baggers. And it's like today, Kraken
Robotics is the thing. And I do agree with you. I mean, obviously when it comes to the war and
we already saw Venezuela, he's already talking about Cuba and everything. It doesn't seem like
this investment in defense and Trump has already talked about $1.5 trillion in the defense budget
or increasing it there. It doesn't seem like this is going to stop. In fact, if you even look at the
private valuation for Anderil, it was like a sub 20 billion dollar company a couple years ago now
it's reaching like 60 70 billion dollars and as you mentioned kraken is one of the partners of and
roll and honestly from a lot of the uh submarine warfare or what uh what was it uh defense secretary
haggitt uh was saying that we took down one of the ships using a submarine the first time since like World War Two is seeing a reintroduction of this theme back into the market.
But you've also seen like other shipment stocks like Hunting Angles that Stock Talks in and more than a few other companies are just these these charges don't go down.
are just these these charges don't go down right it's a theme that has been under invested by wall
street and it's continuing to pull in more investments as these stocks continue higher and
the theme is only going to get stronger like freaking lockheed martin trading near all-time
highs raytheon's near all-time highs and you're probably getting a little bit of a pull actually
my bad you're not even getting a pullback it's just consolidating right now if i'm looking at
these charts like the defense theme is definitely like somewhere to go in terms of the stock market right
now and i feel like this is probably the year where it's probably going to find much more
appreciation in fact dude like these defense stocks or xle specifically xle is one of the
most outperforming assets in the stock market but even on uh a, not the, not DEFN.
Um, what is it?
Defense ETF.
Yeah, I know.
There's like a defense ETF.
That's like Lockheed Martin, Raytheon, all that stuff.
But if I look at the LMT chart, actually I just bring it up over here.
Yeah.
And you screen share normally a lot.
There you go.
Yeah. I do a lot of screen sharing on here. So if I look at a lot. There you go.
Yeah.
I do a lot of screen sharing on here.
So if I look at Lockheed Martin, dude, like this thing is just the most bullish chart
I've seen in the stock market right now.
Like, look at this thing.
It's not even crossing the 21 EMA on the daily.
And if I look at the weekly chart, like, dude, this is insane, Lockheed Martin.
And then Kraken Robotics, like, look at this fricking chart. Like it's just,
this is like what pullback. Right. But then if I look at the Q is like, not so great.
Right. Even AOE, like this chart is just, it just keeps going up. And even in the weekly chart,
like this is like, I mean, you have to just target the sectors with the most momentum where like,
even, even like major disruption from,
from like an oil shock and like Trump going crazy in the middle East,
like it's not going to stop the momentum. Right. For, for, you know,
I think those sectors right now are photonics with the AI data center
networking. We're going to see more on that at GTC.
So I'm going to be really excited to be there. And then obviously,
you know, defense is exactly what you said.
Like you could have you could have predicted that Trump would be a little bit more belligerent.
He was going to be flexing American muscle.
He loves talking about our military.
So I think for for retail investors, a lot of them, I feel like I've done a good job of catching some of those drone names that blew up like Kratos and Redcat.
I saw that the underwater space in particular was kind of like ignored. that blew up like Kratos and Redcat.
I saw that the underwater space in particular was kind of like ignored.
And there's been a few companies there.
There's some other small caps like Exale and Coda.
And I just think, yeah, that whole use case
is not being thrust because mostly when we think of drones,
we think of these aerial little helicopter planes
that bond things, but people don't
realize drones are also underneath the water and they're putting out mines so it can blow
up ships, threaten global trade. So it's nice to have some appreciation because the thesis
is playing out in under six months since I made a big trade on this because I kind of
predicted that this is the way the world would go. And with any conflict, you have naval
conflict and the future of
Naval conflict is unmanned vessels.
Yeah.
I mean, that's, that was like the whole thing of world war II and, uh,
previous warfare you had was that you'd have people manning the submarines.
You'd have like a crew of like 12, 15 people underwater for weeks.
And they would basically be out there with, you know, just
commanding the ship and be out there underwater in the ocean for such a long period of time.
And obviously these are humans who are running the ship. So you'd have like a lot of overhead
in there and humans do make mistakes, but now that you're embedding AI, or at least
you're embedding robotics into this, you don't need to have that. You don't need to have
like the same
size form factor in fact a lot of these a lot of these submarines that kraken creates is like
like what what is what is what are the some of the smallest submarines that they have from what
i've seen them on scale like these ships are like no bigger than like just a regular robot or anything
but then they can sink an entire ship just by the amount of payload that they have on there
like especially when you think of how progressive technology is getting, you'll need like a
freaking missile, like the size of a car in order to take a ship down.
The form factor has got a lot smaller and that's from underwater submarine and also
outer space too.
So like literally when you take the humans out of the equation, these, these vehicles
don't need to be that big, which means that the more you produce them at scale, the cheaper it is and the more efficient they become as power as technology gets better.
And it's only assumed that this technology is going to get better exponentially as AI continues to take precedence.
So, like, what are your prospects as far as defense goes?
I know you're already in cracking.
Are there any other defense stocks you're looking at that, uh, you might be investing
Um, so yeah, I'd say cracking is my primary defense bet, but now everybody's talking
about laser weapons.
So there's crazy.
There's laser LAS are that's up, I think 6% or 7% today.
So I bought some at the open just because Trump talked about it last night.
And I think that was it.
And then there's EOS.ax, which is an Australian company that a lot of people have been asking me to make a video about and cover.
I haven't started the position yet.
Probably will start the position soon.
But, yeah, Laser Energy Directed Weapons, man, infinite ammo, basically like can take out
drones, you know, without needing to exhaust these multimillion dollar Patriot systems.
And I think it is the next phase of a war. Like basically like we're, we're literally
repositioning Patriots from Korea right now. And it's just like, it's screwing everything up.
We just need better missile defenses, drone defenses. Like it's just like it's screwing everything up because like dude we just need better missile defenses drone defenses like it's extremely underserved it looks like to be only two
companies building these kind of weapons so expect a major re-rating in that sector um you know i
think it's still probably pretty early um same with kraken i think it's still uh quite early um
you know for for because basically like a lot of the revenue hasn't come in yet because anduril
hasn't ramped their subsea drone fleet yet like that's probably going to happen the second half
of this year but because kraken gets uh every drone that andro makes there's like millions and
millions of dollars of kraken content per vessel so the revenue story scales extremely quickly
we've yet to see that show up but the the story is there. And they just made this huge acquisition that brings in 350 million of combined revenue with these two entities.
Canadian dollars.
I don't know, call it, I think like maybe 300 million USD.
I don't know.
Sorry about that.
I forgot that joke.
Canadian is more per dollar than US, I think.
So anyways.
74 cents in US dollars is one Canadian dollar dollars so you got like a three to four
ratio yeah so something like that right um it's always confusing with these otc stocks again you
can't buy it on robin hood you got to be a little bit resourceful and have that kind of interactive
brokers or otc set up i understand um and frustrating, I know, for a lot of retail investors who've
wanted to buy the stock and haven't been able to. So again, though, the Kraken thesis around
mine hunting specifically is one of the biggest tailwinds to the stock. Because basically the way
that we used to run mine countermeasures used to be through basically these mine hunting ships that
are manned by hundreds of crew cost hundreds of millions of dollars.
Most of the mine hunting ships, the traditional conventional kind, are actually Russian and
Chinese.
The US only has a few of these mine countermeasure ships available.
And that's why we're seeing kind of unmanned autonomous systems.
For one, like I said, these ships cost hundreds of millions.
They're extremely dangerous.
We don't want to risk our sailors' lives, right,
by having them run these mine countermeasure missions.
So basically, one of the biggest use cases for Kraken's tech
the past few years has been in this particular subset of defense.
So one of their core products is what helped build this business
to this point
was a product called the Catfish, which is a towed vehicle. So basically boats tow this and it uses
SAS, right, which is synthetic aperture sonar, and it allows them to map the seafloor with up to,
you know, three very high resolution. And it allows navies to understand where there are mines and where there
are not and where they can safely travel. So with what Iran is doing, and people have talked about
their Ardar UUV, which is their own subsea drone. We've been hearing a lot about Iran's drones
hitting Dubai and other kind of Gulf nations. There's actually videos and it's very scary of this basically
underwater drone serpent circling through the strait and probably laying explosives.
And this is exactly why Anduril has raised $4 billion from Kushner and A16Z to go out and scale
production of their maritime drone capabilities so that we can rapidly deploy our own affordable
mass to engage the enemy.
So that's really the mind hunting thesis on Kraken that's I really think going to help
re-rate the stock around this current news.
Yeah, I think it's trading around $3.2 billion right now.
Definitely if you think about what was like 600 million dollars uh that they're
gonna be having this year so that means trading like what's uh five times uh price of sales
probably even lower in a forward basis um i haven't looked uh too much into um a lot of the financials
yet but i do want to look into this a little bit more and possibly open a starter position here.
I do fortunately have Schwab,
so I could buy some stock if I wanted to,
but it looks like it's also available on public.com
in case anyone wants to check that one out.
Yeah, it is available on public.
There actually is, that is one of the sponsors of the stream.
And if you guys want to check that
out there is going to be a link in the show notes at the bottom but um i mean definitely if this is
like i i we're obviously not a fan of our buyers as we can't tell you what to buy um or at least
i'm not licensed to tell you what to buy and we're just telling what we're doing and really a lot of
the upside that i've seen in my portfolio.
And of course you've seen your portfolio is investing in small and mid caps
because they have the potential of maybe being a double or a multi-backer
in a very short period of time.
And most likely since they're a smaller mid cap,
they're not exactly discovered by Wall Street.
So you don't have that much coverage on it.
But as fundamentals start to improve with lightens companies,
Wall Street gets in the bandwagon.
They start making reports on it, giving price targets.
And then their clients who look at them start buying the stock.
And then that's when it's like you kind of get like a floor in a stock because you have buyers of last resort who are willing to buy it at a smaller price.
And this is why these things get re-rated so easily. So when you bought Kraken back in six months ago, the stock was trading around like, let's see here.
If I'm looking at the six-month chart, the stock is trading at $3.00 and something cents.
And it's already doubled from there.
And if I look at their TTM revenue, I don't know if this is right.
It's a $73 million TTM revenue.
It's probably wrong.
Cause I was reading 600 million after the acquisition.
No, that's correct.
Their TTM currently, their 2025 was a hundred million Canadian.
So I guess that's what 75.
Okay.
That makes sense.
Yeah.
Yeah.
And then, but they just made an acquisition that brings their total annual
revenue from 2025 to be around 360 million Canadian, which would be, I'd say, yeah, probably like upwards then of, yeah, 300 million US dollars.
So, yeah, if you put those two together and they haven't completed that deal yet, it depends on how you want to look at the business, but it's a done deal in my eyes.
So, yeah, it was like my first purchase was at three i've averaged in
throughout the whole way but yeah i mean for my first purchase it's up way it's up way more than
double like 130 percent i think something like that nice and it's probably still but it's just
starting yeah i i'm holding it i'm holding it i'm holding it to be a 10x like that's that's my goal
yeah so uh that's why i originally came into the position. And again, I like to look at other
stuff like photonic stocks, um, uh, you know, maybe some other defense stuff, but this is the
70% of my portfolio. So taking this one of the stars, honestly, there you go, man, really appreciate
your input on that one. Um, so I did put in the chat um some links if people want to do
want to follow you you got a sub stack on there uh asymmetric bad asymmetrical bets dot subject.com
i also threw in your youtube i you you got 50k followers on youtube and you did that in like six
months yeah crazy it was uh yeah dude i i've been in media for a while, so I kind of know the game.
Um, so I'm just, just now just bringing it to stocks, right.
Just trying to try to make an impact, but you know, I've helped you out with a few of those thumbnails.
I think they always give you advice, bro.
Just, just hit me up on, on Slack or whatever.
Uh, and, uh, yeah yeah happy to help out with that i'd
say i'm more i'm getting more focused on x because i feel like uh it's really hard to like you can
obviously create great stock content on youtube with the live stream but i find it really hard
because like once you put together like a video for youtube it's already like a week too late
you know what i'm saying on like a Yeah, you still do have the sub stack.
The cross platform conversions is, I would even say YouTube is harder than X because
in YouTube, you got to sit there and record a video and plan out the video and everything,
create the thumbnails and whatever it is.
On X, like you could just type up something and just like post it, right?
So I find it a lot easier, but the game is definitely a lot different and you're on sub stack too because i used to be on
sub stack and that game is a little bit different too and that one takes time as well um but i mean
all the power to your man under 30 still killing it already found your own company already sold it
yeah that next thing you know you're gonna be creating like open claw 2.0 or something
Next thing you know, you're going to be creating like open claw 2.0 or something.
Nah, bro.
Yeah, I'm not really a big tech guy.
I just love making content.
And what's more fun than content on stocks where like everybody can win?
You know what I'm saying?
Yeah, no, that's for sure.
That's the most fun part.
That's the fun part, dude.
Like what does everybody universally love?
Getting rich, right?
So if you just focus your content on that i mean like
you can't lose you know and like like you said like also in finance like you have the best
sponsors and stuff and you can um you can sell high ticket uh products and services and whatnot
so yeah man i'm excited i think we're about to enter a new revolution. We already have for retail
because they can use Claude and OpenClaw and all this stuff to be their own Wall Street firm.
And I do believe in concentration. I believe in people holding a couple of positions and
understanding each of those positions extremely deeply, just the same as any Wall Street analyst
does when they re-rate a stock and they put price targets. I think retail investors could, could, uh, you know, use AI to basically,
understand their, each of their stocks very, very closely.
Do you use, uh, do you use perplexity? Like what's your favorite,
what's your favorite LLM tool to use when you're doing research?
I love Claude. Claude is my go-to. Okay. Use an anthropic. That's good. Well,
at least you're not working with the government.
Cause then you can just freely use it. Otherwise they're gonna ban that from, you can't use it anymore. That's good. Well, at least you're not working with the government because then you can just freely use it. Otherwise, you're going to ban that from you. You can't use it
anymore. That's good, dude. Yeah. I mean, I'm finding Claude is like really good when it comes
to that. I use Claude a lot for work, but I'm finding Perplexity like really good for finance
stuff. And Chatty Patia is like your general LLM to use like basically for everything. So yeah,
to use like basically for everything so yeah these other ones like they have their own niches
these other ones, like they have their own niches and like things that they're better at.
and like things that they're better at but one thing that i find good about about uh perplexity
is that you can use you can use um lms from like different providers so like you can either use
gemini if you want to within there you can use um gpt or you can even use claude sonnet or claude
opus or whatever but yeah i mean, as long as they're using it,
it's a game changer once you introduce this into your everyday life,
not just with stock research, but like with everything.
It's definitely game changer.
And what's ticker PNG.V?
That's the Canadian Toronto Stock Exchange ticker.
The KRKNF one is just the OTC one. Ah, okay.
And the OTC one is the one I'm mostly in.
The Canadian one has a lot more liquidity,
so it's easier to trade. So yeah, I'd say it's getting a little bit confusing because
this isn't a regular kind of New York stock exchange or now stack listed company. But
yeah, man, the Kraken story is cool cool. Um, what, what's your thing?
Were you like, uh, one of those pounds, your guys have been me, like,
how did you get into investing?
Why is this your Palantir?
I did own, and then I sold it too early, uh, around like 45 bucks, 50 bucks.
Uh, so unfortunately I'm one of those people, um, but I'm mostly in like
swing trading, I've always had like.
A trading mentality that that's originally how I, I mean, but I mostly in like spring trading, I've always had like a trading mentality that
that's originally how I, I mean, like I, I started investing when I was just like buying
Apple or buying Google and just holding onto it. Um, but then like around 2018, 2017, it
was when like, they started introducing a lot of retail to it. So I started getting
to like options trading and I moved on to futures. Um, and then I focused more on macro, um, toward the end of, uh, 2021, thankfully,
cause it got me out of the stock market, uh, until like mid 2023.
Um, but since then, yeah, I found that alpha really is like concentrated investing,
uh, versus like some people that works where you could just have like a whole portfolio
of dividends and live off dividends for the rest of your life.
Like, don't get me wrong that, that anything works as long as it works where you could just have like a whole portfolio of dividends and live off dividends for the rest of your life.
Like, don't get me wrong that anything works as long as it works for you.
And some people do find success in that.
But like, if you're investing dividend stocks, you're not going to get a multibagger.
And through time, especially now that we're seeing the market broadening out, you're starting to see like you can't really, unless you lever up with options, you can't really get like a meaningful return with like mega caps
you can't and i feel like the whole strategy of just i guess maybe like the amit strategy of just buying into these mega caps um you know whenever they dip or i just i don't think that's going to
work for 2026 and beyond like i think a lot of these bank caps are just kind of priced to perfection and investors are scared.
You also have those horrible investors in those companies who want dividends and they want the company to give them back cash.
None of these companies should be holding any cash.
They should be throwing it into CapEx.
They should be getting more money on AI, not less than even they are right now, in my opinion. So I'm like very bullish in that regard. But yeah, it's like, it's like just
finding like these, these, these, these, these explosive AI infra trends that are still under
appreciated. And I feel like to be successful in this market as a trader, you have to be really
comfortable buying into stocks. They're already up a few hundred percent. So you can catch the
next few hundred. Yeah, no, that's 100% true. So that's been one of the
hardest parts I feel like about this market is feeling like you're late. But if you truly do
the work and understand the numbers, doing your own DCFs, understanding the industry,
understanding catalysts, like what events are coming up, what could re-rate.
I feel like there's a lot of, I feel like that's really where you win right now.
But again, you know, investing is a long-term game.
It's so funny.
Everybody's shitting on Bitcoin, but like when has Bitcoin not had these periods of like big lulls, right? And like one thing about investors is they think that whatever's happening today is what'll happen forever.
Yeah.
And I think everyone has a short-term mindset, which is why Warren Buffett, you know, it's like everyone always goes back to him.
Like, again, like he just bought the S&P, but I don't know, I'm trying to, I'm trying a little bit degen.
I'm sure you have that vein in you as well.
I mean, we're young, right?
Like I joked around with you being in your 20 mean we're we're young right like i joked
around with you being in your 20s like you're young like honestly i'm 38 i'm still i feel like
i'm still young and you we got time on our hands like i don't understand if like someone was like
70 years old and they can't they don't want to be buying crack and robotics 70 of the portfolio
because like dude they're gonna need that money right now, especially if they're not working, like that would make sense.
But I think, I do think that I've ever seen like videos of like 20 year olds
building like a dividend stock portfolio when they're like, like, like I said,
they're, they're 20 sometimes like even like 21 or 22 and fine.
That's cool and everything.
But you shouldn't really be thinking about that when you're 20 years old, 20
years old is like when you need to be the riskiest, right?
And you don't have to like buy zero TT options,
but you go buy companies that are small caps or mid caps that you really do
believe that they're going to be successful,
throw a lot of your portfolio in there and DCA over time.
And you'll need like two of them to win in order to make it big.
Like just how Peter Lynch said it, right?
Peter Lynch was a lot older back then.
He's outperformed the market multiple times in the 90s, right?
So with that being said, nothing goes up forever.
We're probably going to have a bear market at some point.
We just have one last year.
We have one 2022.
We had one in 2020 for a minute.
And they're going to happen.
They're going to happen regardless.
But when you build that conviction in something that you own, it shouldn't,
it should actually make you a little bit more excited when the stock pulls
back versus continue to go up every day.
Cause ultimately every leg up is fueled by a pullback.
Like you're never going to have another leg up unless it pulls back a little
bit to make people scared.
So that way they jump back in with FOMO when it goes back up.
That is ultimately what moves price.
And people need to understand that.
And even like you were saying, buying a stock, like I know people who are buying like A, A, O, I today.
And I wouldn't even say that's a bad buy, you know, but it really depends on your time frame.
Like if you want to like swing for like a week week then it's probably not a good buy over here but if you want to hold for like three four years
i don't see why it wouldn't make sense especially since this is a theme that's actually working in
the market right now and the same with memory stocks yeah dude there are people who like sold
out of micron at like 200 bucks because they thought that was it and even i thought that was
it but yeah you know i we all, oh, this can't keep running.
And I, I feel the same way about photonics.
Like, um, I just think there's only a couple of companies that make the lasers, uh, that are needed for transceivers in these data centers.
So, I mean, I don't even know if buying AOI like at the tippity top today is necessarily a bad trade either.
I think there's going to be continued momentum here, especially around NVIDIA GTC.
I think it's very obvious to see. So dude it's hard man i mean you're right why would a 20 year
old be building a dividend portfolio and like especially in this economy like literally
anthropics saying they're going to take like every job right and then the biggest tech companies in
the world are cutting their workforces while they're growing at like double digits per year
so it's like okay so if the biggest corporations in the world are not hiring more human beings, they're actually firing them.
Then what is, you know, how is the employment landscape going to change?
And I think like investing in the stock market and using AI to research is one of the best ways that the average American can be getting ahead during these times.
research is one of the best ways that the average American can be getting ahead during these times.
You know, if they can devote the proper time, attention and research, because most people
just kind of like, they're just going to lose money because they're not actually doing the
research and like doing the work to grasp like each of the companies that they're investing in.
And they'll just like buy at a top and then like sell and sell when it sells off. So you really
have to understand what you own, understand your basket.
And I think that's the best way to do it.
Just really deeply understand the businesses
because when a piece of news drops,
when the stock dies or, you know,
then you know, okay,
but I already know this doesn't change my thesis.
You can stay in the stock.
Yeah, I agree.
But I don't know.
Not everybody has, like,
I guess I was lucky, like,
because I was able to make money like right
out of college and i was able to just throw money a bunch a bunch and a bunch of accounts and just
forget about it and i didn't care about trading back then and now i do but i don't know i just
like some people are in different situations but i do believe that with the future of ai like it
is critical to to beed on, to be concentrated
and to really, really like look for, look for this opportunity because we're going through
a hyper, hyper tech super cycle, if you call it. And I think we should all share in the
gains.
Yeah, definitely agree, man. Definitely agree. Well, I mean, I appreciate you having
you on here, nearing the top of the hour over here, at least for the stream.
But I did post a few links in the chat.
I'm also going to put in the show notes as well on where to find you.
But I really appreciate it.
But man, we should definitely do this again sometime.
I mean, I need to look more into Kraken Robotics.
This is actually a very interesting company.
There was someone that was like swearing by this company at a meetup that i went to recently like he would not stop talking about this company that was back
when it was 650. i think like damn i should have listened to him but uh yeah i mean i i even if i
was buying now i wouldn't even think it's too late or anything but um wouldn't want to get shaken out
so for me it's like i want to know what I'm investing in before I get
in. Cause otherwise I might get shaken out. If it like pulls back inevitably at some point,
the question is, when is it going to pull back? Is it going to be when it's double from here or
is it going to be now? Like that's the question, but regardless, I wouldn't really put it as a
trade if anything. Well, yeah, a lot of people here really do appreciate you coming on and all
the knowledge you're sharing. And again, all the content is going to be in the show notes in case you want to check it out.
But really appreciate you being in here, Michael.
Hope to see you on the next one.
And everyone, in case you're watching on Twitter, go ahead to the Wolf Financial YouTube channel and go ahead and subscribe in there.
We have more videos on there as well.
And yeah, I mean, if you're at GTCc then you're probably gonna see your buddy michael on
there as well on stage thanks so much guys yeah i appreciate it y'all thank you all right talk to you
later man all right bye
