Matt Frankel

Robinhood was considered a meme stock back then, and its investors have done very, very well.

But most will cool off, exactly what happened to most meme stocks in 2021.

I almost view this ETF as being riskier than buying individual meme stocks or trying to find the ones that are actually going to be decent businesses and work out well, like the Robinhoods of the world.

You're buying a basket of stocks, and you know 80% to 90% of them are not going to work out well.

You might as well just take a chance and buy the ones that you think are going to be the winners.

Like John said, I can't call a top here or anything like that.

If anything, I think we're a little bit away from a top, just because the people who launched this ETF, they already had the framework in place.

They already knew what to look for.

It's less reactionary than the first time around.

Less, not completely unreactionary.

I'm not investing in it, but I don't know what you guys are going to do.

I was actually narrowing it down to the two on the list that, to me, are not real businesses yet.

That's QuantumScape and Oklo.

I went with Oklo.

They're a pre-revenue nuclear reactor company.

They're building small-scale nuclear reactors.

Generally, the thesis here is that the latest tech trends, specifically AI, are going to have a lot of power demand that really wasn't accounted for.

Even the future power forecast from 10 years ago, AI power demand wasn't included.

No one wants to build the old, dirty sources of power.

The newer, renewable sources of power, like solar and wind, may not be able to meet all the demand by itself.