Zaid Admani

Also break down the latest fundraising numbers from XAI.

Then stick around to the end of the show to find out how much traffic is down at ChatGPT since Gemini 3 was launched.

We got a great show for you today.

Let's go.

Stocks were setting records on Tuesday with the S&P 500 and NASDAQ both gaining 0.6%.

That was enough to push the S&P to its first record close of 2026.

The Dow Jones continues to outperform as well, jumping 1% yesterday and closing above 49,000 points for the first time ever, which is cool, but like I still don't care about the Dow.

Now, what I do care about though, is what's happening with memory and storage stocks, because these companies are absolutely ripping right now.

Yesterday, SanDisk was up 28%, Western Digital was up 17%, and Seagate was up 14%.

to buy a hard drive or a flash drive or an SD card, you've probably heard one of these companies.

But the big reason that they're ripping right now is because of comments from NVIDIA CEO Jensen Huang.

At NVIDIA's keynote at CES on Monday, Jensen stressed that AI isn't just about GPUs anymore.

It's also about memory and storage.

He said the storage market is largely unserved and could become one of the biggest hardware markets on the planet as AI usage expands.

So those comments from Jensen sent these storage stocks flying yesterday.

Now there was already hype building around these names.

These were some of the best performing names last year as well.

And it looks like the rally isn't slowing down anytime soon.

I think we might have to do a deep dive on these storage companies because storage prices increasing from AI will impact other things like the price of phones and computers.

So that might have to be a future deep dive that we do.