Tyler Crowe

We don't normally get a lot of surprise earning stuff, but then Broadcom had to go and give its earnings and now it's stocks down, I think almost 15% as we are taping today.

As we're going to get into it, I'll let you guys really digest the numbers here, but I

By all objective metrics, all the numbers looked good.

The guidance looked fine.

Is this really just expectations game, Lou?

Yeah, Matt, you were the kind of task a little bit more with the nitty gritty of the numbers here.

What did you see in this that was like...

Yeah, we certainly did see a lot of blowouts this most recent quarter, looking at a lot of these suppliers, Taiwan Semi.

Basically, everyone was like, everything is awesome.

With Broadcom's numbers looking pretty good, it was almost like comparing to everyone else.

It's like, well, they were that good.

Can you do as well?

And this kind of touches on a couple top themes and topics we've

discussed so far during this week like when you and the three of us were on the show on tuesday we were talking about like how much does narrative play into your thesis and narrative kind of is a also valuation based and we were talking about this with dollar general because as a value play as a stock you kind of are betting on a return to median return to average kind of valuation and

Right now, we're kind of all the narrative is defying expectations to justify very high valuations.

And at the same time, too, it touches on this idea of kind of the start-stop whack-a-mole discussion about the AI build-out that Lou, UI, and Travis were talking about yesterday, where it seems like every couple months here, we're talking about the next bottleneck.

At first, it was...

It was going to be chips.

Right.

And then it became memory chips.