Zaid

I'm not so concerned about the AI doomerism stuff where AI is going to destroy the economy.

I'm more concerned about the potential pullback in AI spending from the hyperscalers in competition from custom-made chips.

But that being said, the valuation is pretty mind-blowing.

Nvidia grew revenues at 65% in 2025, and their guidance continues to blow past expectations moving forward.

Not to mention the shift from AI training to agentic AI is a massive tailwind, and then China could also come back into play.

22 times forward earnings, it's hard not to think that Nvidia might be undervalued.

The fundamentals of the company are strong, but given that the market is spooked about AI right now, there could be some short-term pain and volatility as everyone tries to figure out what an AI economy will look like going forward.

And while you're at it, don't forget to hit us with a five-star rating and vote in today's Spotify poll.

All that engagement really does help us out and it helps other people find the show.

Thank you guys so much for listening, watching, and commenting.

Shout out to Mike and Connor for all the work behind the scenes.

And we'll see you guys back here tomorrow.

Welcome back to The Rundown for another weekend deep dive.

Today, we are talking about Walmart.

Walmart has been one of the best performing retail stocks in the market, and the company recently crossed the $1 trillion market cap for the first time ever.

So in today's episode, we'll break down how Walmart went from a dinosaur brick and mortar retailer to an absolute digital powerhouse and a legit competitor to Amazon.

We'll dive into the numbers behind the transformation and some of the challenges they face moving forward, including a new CEO.

We got a great one for you today.

Let's dive in.

Now to understand where Walmart is today, you have to go back to 2014.