Brian Stewart

What would you say about Bitcoin specifically, its movement in the crypto space? I'd like to remind the audience of one of my favorite quotes that we heard from John D'Agostino at our investing summit last summer. And he said in talking about cryptocurrency that volatility is not the same thing as risk, which I think would be wise for us all to keep in the back and front of our minds.

What would you say about Bitcoin specifically, its movement in the crypto space? I'd like to remind the audience of one of my favorite quotes that we heard from John D'Agostino at our investing summit last summer. And he said in talking about cryptocurrency that volatility is not the same thing as risk, which I think would be wise for us all to keep in the back and front of our minds.

What would you say about where Bitcoin is going and how volatile it's been?

What would you say about where Bitcoin is going and how volatile it's been?

What would you say about where Bitcoin is going and how volatile it's been?

And broadly speaking, macro wise, what are you sensing? What are you seeing based on the news that we've had this week, based on the tariffs, based on this geopolitical brouhaha?

And broadly speaking, macro wise, what are you sensing? What are you seeing based on the news that we've had this week, based on the tariffs, based on this geopolitical brouhaha?

And broadly speaking, macro wise, what are you sensing? What are you seeing based on the news that we've had this week, based on the tariffs, based on this geopolitical brouhaha?

Anything else to note for investors or any other data points or things to look for or possible catalysts or possible opposite of catalysts coming up?

Anything else to note for investors or any other data points or things to look for or possible catalysts or possible opposite of catalysts coming up?

Anything else to note for investors or any other data points or things to look for or possible catalysts or possible opposite of catalysts coming up?

Great to be back.

Great to be back.

Great to be back.

We're professionally bound to talk about NVIDIA at the start. The earnings just came out. The stock is down about 4% after earnings. The earnings themselves were very solid, beating expectations, stronger than expected guidance, but the stock is still down a bit. To be fair, the stock was up a bit beforehand. It was up about 4% the day before its earnings report.

We're professionally bound to talk about NVIDIA at the start. The earnings just came out. The stock is down about 4% after earnings. The earnings themselves were very solid, beating expectations, stronger than expected guidance, but the stock is still down a bit. To be fair, the stock was up a bit beforehand. It was up about 4% the day before its earnings report.

We're professionally bound to talk about NVIDIA at the start. The earnings just came out. The stock is down about 4% after earnings. The earnings themselves were very solid, beating expectations, stronger than expected guidance, but the stock is still down a bit. To be fair, the stock was up a bit beforehand. It was up about 4% the day before its earnings report.

So this is kind of just giving back that free earnings enthusiasm. I think the general feeling is steady as she goes. NVIDIA is about 20%, 25% off of its highs. So the idea is we're not in bubble territory yet for the AI, but there is sort of signs of slowing growth. The NVIDIA data center revenues, that's the area that's very AI focused. That showed 93% growth.

So this is kind of just giving back that free earnings enthusiasm. I think the general feeling is steady as she goes. NVIDIA is about 20%, 25% off of its highs. So the idea is we're not in bubble territory yet for the AI, but there is sort of signs of slowing growth. The NVIDIA data center revenues, that's the area that's very AI focused. That showed 93% growth.

So this is kind of just giving back that free earnings enthusiasm. I think the general feeling is steady as she goes. NVIDIA is about 20%, 25% off of its highs. So the idea is we're not in bubble territory yet for the AI, but there is sort of signs of slowing growth. The NVIDIA data center revenues, that's the area that's very AI focused. That showed 93% growth.