Saagar Enjeti

unless you completely block the Chinese from competing, which is difficult to do, but maybe they can pull it off.

And it's somehow not a mass consumer product because it has competition.

I think their selling point is about the frontier model, you know, with their ability to sell to these enterprise, because that's where they make all the money.

They should just say, our business model is we're going to hack the Federal Reserve and steal all the money.

Did you see that, what was it, some company forgot to set spending limits and they spent half a billion dollars in a single month on Claude?

So that's what shows you a little bit about how they're making money.

I am interested also, let's put B2 up here on the screen just to highlight again how, look, we're all in.

Like we're beyond all in.

So April and May of 2026 is one of the best two-month bull runs in the history of Wall Street.

So they show here that you have got January to February 1975, January, February 1987.

Can't think of anything bad that happened after those years.

March to April 2009, famously a phenomenal time in American history.

April, May 2020.

Wow.

Yeah.

I remember that one.

And now April and May of 2026.

And actually, in the journal they write, it suggests the gains will keep coming.

However, of course, some sort of crash is inevitable.

We just don't know when or where.