What if the AI boom isn’t a bubble, but just getting started? On Episode 238 of The Compound & Friends, Josh Brown and Michael Batnick sit down with Dr. Ankur Crawford (Portfolio Manager, Alger) for a deep dive into what’s really happening behind the AI explosion, and what most investors are still missing. They cover: • Why the world is “short compute” (and what that actually means) • The truth about AI stocks, Nvidia, and the semiconductor trade • Why Amazon might be one of the most misunderstood AI winners • The real reason AI demand could be exponential, not cyclical • The biggest risk to Big Tech (and it’s not what you think) • Whether this is a bubble… or the early innings of something massive Plus: inside insights on chips, data centers, tokens, hyperscalers, and how AI is already changing the way businesses, and investors, operate. This episode is sponsored by Invesco. To learn more, visit ⁠https://www.invesco.com/us/en/solutions/invesco-etfs/income-advantage.html?audienceRole=FinancialProfessional ►00:00 - Cold Open ►05:55 - Intro ►07:43 - Ankur Crawford's Investment Philosophy ►11:21 - Where are we in the AI story ►20:57 - Market Imbalances and Compute Shortage ►34:57 - Is This a Bubble? ►44:06 - Are All AI Tokens Created Equal? ►01:04:04 - Talking Stocks: NBIS, QXO, INTC ►01:15:29 - SaaSpocalypse ►01:23:02 - Have you heard about HALO? 👕 Check out The Compound shop: https://www.idontshop.com 🎙️Listen to our podcasts: TCAF: https://podcasts.thecompoundnews.com/show/TCAF/ Animal Spirits: https://podcasts.thecompoundnews.com/show/animalspirits/ Ask The Compound: https://podcasts.thecompoundnews.com/show/ATC/ The Compound Newsletter: https://www.thecompoundnews.com/subscribe Linkedin: https://www.linkedin.com/company/the-compound-media/ Instagram: https://instagram.com/thecompoundnews Twitter: https://twitter.com/thecompoundnews Tik Tok: https://www.tiktok.com/@thecompoundnews Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Josh Brown and Michael Batnick are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. #thecompound #ai #investing #stocks #techstocks #artificialintelligence #aistocks