Zaid

I do want to point out though that Walmart is in such an interesting spot right now.

Like it's somehow both seen as a tech company, but also as a defensive stock.

60% of Walmart sales are from groceries, which tends to be a stable business.

People are going to have to keep buying groceries no matter what the economy is doing.

In fact, consumers tend to shop at Walmart more during times of economic uncertainty or slowdown.

So if there is an economic slowdown, Walmart is going to benefit from that.

You add in all the uncertainty around potential AI disruption, the market seems to be putting a higher value on Walmart's core business as a retailer because that's not going anywhere.

At the same time, you get the upside in all the investments that Walmart is making in tech.

Welcome back to The Rundown for another weekend deep dive.

Today, we are talking about the hottest stock in the S&P 500 right now, Sandisk.

Sandisk was the best performing stock in the S&P in 2025, jumping more than 500%, and it's not slowing down so far.

The stock is up another 160% in January.

So in today's episode, we're gonna take a look at what SanDisk actually does, why AI has turned this boring storage company into the hottest stock in the world, the bull and bear case moving forward, and if the stock has any gas left in the tank, or if it's just another AI-fueled bubble waiting to burst.

We got a great one for you today.

Let's dive in.

Welcome back to the Rundown interview edition.

Today, we are talking to Kathy Wood, the CEO of ARK Invest.

Kathy is a legend in the investing space.

She's known for investing in disruptive technologies.

So in today's conversation, we talked about the big themes for 2026, including AI, robotics, and robo-taxis.