META flipped $145B of CapEx into a new business overnight. | Ep 48

PLTR, MU, META compute leasing, and the software bounce: Shay added to Palantir in the $115 range as Alex Carp's CNBC interview reframed the proprietary data moat, and every Future 15 software pick turned green in the same week. This episode covers why the application and data layer sits above frontier model companies as the durable AI winner, what META leasing 500 megawatts of excess GPU capacity actually means for neo clouds like NBIS and CRWV, and why the hosts think that sell-off was overdone. Futurum's price target on MU sits at $155 with street highs above $200. MSFT announced a $2.5B forward-deployed AI joint venture. AWS raised GPU rental prices 20%. OpenAI giving 5% equity to the US government gets called out as pure IPO valuation mechanics, not patriotism. The memory trade, physical AI sensing plays, and the AI CapEx prisoner's dilemma all get full treatment in the back half. Tickers covered: PLTR, MU, META, MSFT, NVDA, SNOW, NOW, CRM, ADBE, ORCL, NBIS, CIFR, WULF, CRWV, ASTS, AXON, AMBA, AVAV, KTOS, ACHR, JOBY 00:00 Intro 01:14 MU breaks below $100 and the memory trade thesis 05:16 Alex Carp CNBC interview and the PLTR data layer argument 08:34 OpenAI and Anthropic ARR approaching $100B 13:46 NVDA as model and cloud company via capacity deals 18:29 SNOW post-earnings and Shay's re-entry plan 19:19 MSFT as best Mag 7 opportunity and the $2.5B AI JV 20:44 Every Future 15 software pick green 23:56 META compute leasing and the neo cloud reaction 29:12 Why the neo cloud sell-off is overdone 33:45 AWS GPU rental prices up 20% and multi-year capacity locks 35:35 META $145B CapEx and 500MW compute leasing EPS math 37:25 OpenAI giving 5% equity to the US government 41:47 Futurum $155 price target on MU and memory supply through the decade 44:32 Physical AI sensing layer: AMBA and drone plays 45:12 AVAV and KTOS as drone pure-play bottom-fish trades 46:03 ACHR and JOBY eVTOL skepticism through 2029 48:32 ASTS as the last pure satellite connectivity play 49:44 AXON catches a bid on recycled news 52:00 AI CapEx prisoner's dilemma 56:15 Apple, memory, and iPhone 18 bill of materials Disclaimer: This episode is for educational and informational purposes only. Not financial advice. Past performance does not guarantee future results. Do your own research before making investment decisions.