BIGGEST STOCK CRASH In US History (Uncut) 02-22-2025

BIGGEST STOCK CRASH In US History, Market on Thin Ice | Eric Jackson

We’re clearly in an arms race now, and it’s sort of like a geopolitical battle between the US and China and and everybody else is sort of, you know, you know along for the ride and they’re gonna have to basically choose sides whether they want to be You know in the US camp versus versus the Chinese Chinese camp or or try to do their own thing Hello and welcome to Soar Financially, a channel where we discuss the macro to understand the micro. My name is Kai Hoffman. I’m the Ed.J.R. Mining guy over on X and of course your host of this channel And I’m excited to welcome another first-time guest.

It’s Eric Jackson He’s the founder of EMJ Capital and I’m really looking forward to catching up with him because we’re a we’re gonna talk Of course general market outlook. How’s the S&P looking like what’s driving markets these days? But we’re also gonna dive a little deeper into AI and tech stocks We don’t want to quiz them It’s like should we always buy the dip on tech stocks and video had a massive wipeout the other day six hundred billion dollars I don’t want I wouldn’t say destroyed because the stock is now trading back where it was So should we buy the dip is the question and we’ll get to the root of that question here in a second with our guest Before I switch over kindly hit that like and subscribe button is a free way to support our channel and we do Tremendously appreciate it now without much further ado Eric. It is great to welcome you on the program.

Thank you so much for joining me Thanks for having me. Yeah, really looking forward to our conversation here because you know Yeah AI tech and Bitcoin to degree we’ll be talking about today. It’s not really my strong suits I’m looking forward to learn something as well.

So Educate our listeners and myself. I always love doing that So but maybe to set the scene a little bit Eric since you’re a first-time guest as well Maybe we’ll start with a general assessment and outlook of the economy What is your assessment? How strong is the economy right now, Eric? well, it’s I always look at it with the tech lens on obviously and I think tech is is a Binary market in some senses we’ve seen the emergence in the last really five years of the the dominance of these max seven names and They are almost you know, they trade in a universe unto themselves in some ways in general they have Done well over these last a couple of years especially since the market market sort of had a short-term bottom at the end of 2022 And they sort of went through the downturn of you know, 2021 2022 remarkably stronger than most other stocks, but they are cash generating behemoths They have you know They have multiples that are higher today than they than they used to be which gives give some people pause But they are really different and they trade really differently than the rest of the tech market And especially when you start looking at the mid-sized and smaller tech stocks that are out there Those names have not done as well they sometimes get referred to as part of the you know, the IWM or the small cap names and so When you say like how are things going? How’s the market going in tech? you know, I would say that the the max sevens have done really well and Because they they have elevated multiples today. You get a lot of people saying they’re overpriced We’re due for a pullback and yet when you when you kind of leave them aside and you look at the rest of the tech Market, those names have not done.

Well, they’ve been sort of like in a bull market or sorry bear market for less Really three three and a half four years in some cases and so and just recently Are you starting to see some of those names start to perk up? So I I would say that You know, there’s I’m more optimistic than most that we actually can see things continue to do well because I think There’s a reason why the mag seven names, you know are So different and trade so differently and we can talk about that in a bit but you know I kind of put them in their own category and I say the rest of the market is just starting to kind of get its Feet under it and so I I could see this bull market that has been going on for two years continuing on for the next Two or three years perhaps and seeing more participation across a wider swath of names So I’m optimistic Interesting. Yeah, no interesting summary, of course lots to follow up here and we need to talk valuations. Of course Eric as well Maybe we’ll maybe we’ll start with what I mentioned in the intro like Nvidia wiped out six hundred billion dollars I think it was the biggest like Destruction of capital.

I don’t know for a lack of better term in a single trading day But we’re pretty much back to where we were within a few short trading days actually So maybe explain that strength to us a little bit and maybe to generalize and you know Maybe generate a YouTube title here as well. But should we buy the dip Eric? I Think that Nvidia is is its own special name and in the AI chip world there and so the you know, they’re Value destruction, you know a couple weeks ago is due to obviously the advent of deep seek And kind of you know the market kind of making sense of that and we can we can talk about deep seek in particular in more detail, but There was no reason, you know for For Nvidia to sell off the way it did and so it hasn’t surprised me that it’s come back The fact is and we’ve seen this in some of the more recent mag7 earnings announcements that that the predominant buyers of Nvidia chips Are still hungry and will fight over each other to get on the top of the shopping list to get as many New Nvidia Blackwell chips as they possibly can not just for this year probably for the next several years Nvidia Their chips are just so good that that demand is there There’s no one else in the short term that is going to be able to touch them People have been looking for the last few years, you know, for example to like an AMD or some other Potential providers like it. It’s one company cannot have such a monopoly on these kind of GPU AI chips And yet that is exactly the case in videos You know Nvidia, you know spent 25 years to get to this competitive position and they are just you know That much further ahead than anyone else.

So, you know, should you buy the dip? I would say, you know the reason to buy the dip in Nvidia even even back here where well You know, we we’ve sort of made up all the losses that we’ve seen since January The the fact is even before this white value wipeout this Historically, you know hasn’t you know Nvidia hasn’t been trading at a premium compared to what it has traded up in the last five years Even though that the stock has gone up tremendously when you look at it from a from a forward price earnings perspective In terms of you know what they’re expected to do in the next year or the next two years from an earnings perspective They they’re actually so still trading at a discount, you know from you know compared to where they have obviously You know, they’re they’re multiple always has gone up and down and it sometimes you know I think people have been very optimistic other times very Pessimistic over the last five years where they’re trading at right now is actually below the mean of That forward price to earnings multiple in the last five years. So I And I think that’s a function of that The market just couldn’t believe that this that this pace of growth Could would continue over the next few years that we’ve seen just in the last 18 months or so So that’s why Nvidia stock price is basically traded flat since about last June So we’ve sort of been here although, you know, we have the big dip down in January and now we’ve come back but nothing has happened so if you think and and I do that They their order book is going to continue to be full for the next two three and maybe more years than that I think that it’s quite possible that you know You could expect like eventually like the market is going to say hey, you know We haven’t been optimistic enough and you’ll see that premium rise And if it does it should trade well about where it is currently Yeah, I was just in preparation for our interview I was browsing like Amazon and different websites in Germany just to see if I can snag myself a 5090 graphics card Sold out no chance or way too expensive way overpriced I think the the MSRP is like 1599 for the 5090 graphics card Like I saw shop selling it for three thousand two hundred euros, which is pretty much three thousand three hundred US dollars So twice the price it’s ridiculous. So it must be a good product I would assume so if we were to come from this angle, but you touched on something order books Which is interesting because capex you touched on deepseek.

Maybe we can combine that topic here but to capex investments into AI projects a ROI what’s the return on investment and B? Do you see a dent in potential capex over the next 12 24 months based on what we learned from deepseek here? Um You know you we haven’t yet seen the kind of the list of case study apps that kind of definitively show that hey this the shift to AI and gen AI is real and The cost benefits are you know obvious for all to see? We obviously we have indications from how much the mag 7 companies are spending that they are fully body They believe that that they have to make this this significant capex investment now And and for the next probably year or two years To keep pace with with all their peers and to accrue the benefits that they that they think are coming we see some evidence in names like Palantir and and just you know, their revenue growth and as sort of an Indication that hey that you know, there is real Significant benefits here people are believing in this shift to AI, but it still Has yet to sort of manifest itself other than obviously people can go on to you know Use chat GPT and they can kind of you know, see for themselves like oh wow. This is a significant increase in functionality and Benefit from what I you know traditionally used to from from traditional search engines. So we are still in that kind of transition phase though however They you know You have to trust that these the smartest people in the world the people running meta and Amazon and Microsoft You know, they are Jumping ahead full full steam in a significant way That and and that’s not you know, that’s not for no reason So I think we will start to see as this year You know continues to play out more and more Health examples of AI or financial firms, you know use of AI and and You know to show, you know call center adoption of AI and how it’s significantly benefiting You know them and their bottom line from making that shift.

We’ll probably also start to see evidence of Significant sort of Traditional cost reductions and so that that will be sort of the negative side of that And you know something that we will as a society or from a macro perspective, you know We’ll have to grapple with I think we’ve sort of you know We know intellectually that they’re going to be some job cuts, you know as we as the world shifts to AI But we haven’t yet seen that in a kind of a major way and so But I think we will and and so we’ll have to deal with those kind of negative societal aspects as well I Think we need to break that down a little more because I think that’s quite Important to understand the impact of AI in general and what it could mean especially for the u.s I spoke with Dan Niles earlier today, and that’s why it’s fresh in my memory But like the u.s. Debt situation is a big problem and one way to get out of debt is just increase productivity increase your GDP Right and you know AI seems to be the Savior and project Stargate which we can touch on here in a minute as well It’s supposed to be that Savior It seems like for the u.s. Because it was announced the day after the president Trump took office 500 billion dollar package supposed to create six-figure amount of jobs So it seems to be that Savior everybody’s maybe praying and hoping for Is that maybe too much to expect from AI at this point and like what’s the I don’t know we use the term lag The lag time here for AI as well until it really is reflected in the economy Well, and I’m speaking to you from Canada And so, you know Canada has had its own productivity issue in relation to the u.s For some time even before AI came about and Canada’s not alone I mean There’s a lot of other countries in the Western world who just haven’t kept pace with the u.s from a productivity perspective. And so You know, there’s it’s different kind of layers to answering your question, I mean, I think just My you know, first reaction is that AI definitely will help all the economies around the world become more productive They will get more from from you know from less in terms of their investments in in IT spend They you know the u.s. I expect will continue to Continue to lead the way though. They’ve the u.s. Has always sort of had this Bias towards, you know heavy IT Investment and kind of seeing the payoffs and then kind of reinvesting the profits that they get and other Countries will have to do work to try to you know Close that gap with with where the u.s. Is sort of has seen that widen over the last ten years however, there there there is going to be No question, there’s no question in my mind that there’s going to be you know an effect of more people especially from kind of middle management that See job losses net job losses over the next five years as this shift to AI happens and so You know you get the Pollyanna’s on AI saying.

Oh, well, you know They’ll simply just kind of get reoriented this is always it’s always been that’s and always will be and you know when we had the shift from horses to The Model T, you know car or whatever of course there were job losses, but then people just sort of reoriented themselves and you know found other things or you know, I guess half of society is going to become like Instagram Influencers or something and everyone will be fine. I’m not sure I buy that I I think that this that this shift and the job losses from middle management I think will you know potentially have more Profound effects on our society and won’t kind of you know, at least not initially be so easy to kind of just You know go off into some other area So we’ll have to manage that and we’ll have to kind of grapple with that Especially if there’s some sudden kind of spike in unemployment Which you know has not happened, you know just in the last, you know a few decades But another layer though to your answer the answer to your question, though Kai is that You know when you talk about Stargate and deep-seek, you know, we’re clearly in an arms race now I know and it’s sort of like a geopolitical battle between the US and China and and everybody else is sort of you know, You know along for the ride and they’re gonna you know I have to basically choose sides whether they want to be you know in the US camp versus versus the Chinese Chinese camp or or trying to do their own thing, but but it’s it’s US and China and so the whole deep-seek thing was just an incredible shot across the bow of kind of the the US’s sense of of tech supremacy and kind of just sort of caused a questioning of that and a sort of a reorientation and And if anything just like a stepping on on the gas By the Americans that hey, we you know, we thought we were spending more money before and we thought we had an edge because we have kind of the world’s best chips and stuff and yet what we learned from that whole deep-seek person, you know event was that Just more money and just kind of the latest in video chips will not be enough potentially to have the best models and the Chinese sort of Showed us up in the sense of their own Optimization of their their their algorithms and their investment in kind of software and there are they’re kind of deep you know tech backgrounds and the workforce that they have to draw upon there and so it it’s competition is good and You know, it’s good for the Nvidia’s I want to sell more chips because if anything the Americans coming out of this this whole deep-seek thing From a from a government perspective from a policy perspective They just said hey, we have to redouble and triple our efforts here Which means, you know spending more time and focus and energy so that that’s going to go on and the productivity stuff Is going to come along for the ride? Because of this part partly because of this geopolitical battle, so it’s it’s not going to slow down There and you know, I think that the American government will would say, you know, if there’s going to be some bumping unemployment to Middle-level managers, you know in two years from now three years from now. Hey, you know, that’s that’s the price We’re gonna have to pay because we are not willing to sit back and let the Chinese have the best AI Models out there for kind of any period of time we have to kind of win this battle.

It’s it’s just it’s not even a question It seems like it’s a matter of national security As well Depends who controls the AI controls the world, right? Yeah, or at least controls the answers the AI is going to give you Which is already tricky enough So that that’s an interesting topic like and you know We touched on deep-seek and one thing I should have mentioned earlier because we touched on in NVIDIA crash crashing It’s just the fragility of the market like how nervous is the market? You expect it to continue to go up for next two three years potentially But it seems it is quite nervous because the 600 billion dollar wipeout is nothing to laugh at obviously So a lot of people try to get out of that door at the same time it seemed so they’re willing to sell at any price How nervous is the market right now when it comes to that like deep-seek could have been that black swan that nobody expected that Came out of nowhere But the market just absorbed it. It took a day or two, but it seemed like it was absorbed So like how nervous is the market is my question, really? I Mean the market’s always nervous I mean There’s always a reason to wring your hands and kind of you know feel like we’re just about to fall out of bed here Things just you know It’s just like if you go back in time And you pull clips from CNBC from like two years ago five years ago ten years ago I mean, there’s always a reason there’s always somebody who’s you know getting on and and basically saying you know This just can’t go on and it’s not right You know therefore you know the bottom is about to fall out What’s different about the market now compared to two or five or ten years ago, though? Is is a the mag seven you know? they’re just so much bigger and more a Significant part of the composites than they ever have been before we really haven’t seen companies this big and therefore If there’s some like you know discreet event that comes along like deep-sea that sort of calls into question You know the the fundamental valuation of one of those you know max seven names like Nvidia in this case You have you have that kind of working against you and potentially causing like a significant ripple To the markets, but you also have today like these 2x 3x ETS that are tied to specific names like Tesla or Nvidia or some of these other names and so that also contributes to the Just the volatility even when you know the overall kind of VIX level You know appears like not to be that that significant like those You know something comes out of the blue and these like triple ETS Suddenly cause a lot more short-term damage than they used to two or five years ago, so Things are you know? They kind of allow for this market to be very easily disrupted And so we just have to live with that. I mean, that’s that’s sort of like the environment We’ve been in you can’t really hide from that even if you try to hide out and value names or in You know in small cap names You know the fact is that if some of these names Even even if it’s one name like Nvidia or all the Meg seven suddenly take a hit It’s just it’s gonna take every everyone else down for the ride I mean, they’re going to be part of that as you know by nature of their their importance to the overall composites No interesting like there’s lots of facets of course to the whole story One thing we haven’t done on our channel so far is really discuss project Stargate And you know if you have some Intel there just just explain to myself and our viewers like what is project Stargate? What are they trying to achieve? What’s the goal? And maybe we need to talk dollars as well because there’s some ridiculous numbers being mentioned well Stargate was announced like right before deep-seek and so you know in some ways It’s kind of like an artifact of that in pre deep-seek era and where basically Numbers matter And this sort of the way of thinking was for the opening eyes of the world and kind of you know the other like big American LLMs like anthropic and you know others who are basically all private They all fund themselves from the American VCS writing big checks that the kind of the the thinking was More capital is better built more billions.

You know allow us to kind of buy more Nvidia chips To you know just spend more money on improving our models And we the way that we’ll stay ahead and the way American LLMs will stay ahead from from other countries LLMs It’s just through a continuous You know spending more and more capital so Stargate was You know Basically if you believe in that model you need more data centers You need more chips, and you need more capital and so you had this coming together in that announcement at the White House of Open AI kind of you know that the world’s leading LLM today With Oracle you know basically stepping up and saying hey We want to be your the data center partner here and you had Masayoshi son from SoftBank as sort of like the predominant capital provider and in Masa Someone who is extremely bullish about AI and its effects on You know what it’s going to be on the world over the next several years and someone who has invested and made money on Nvidia Although he he sold you know he’s Masa has said he regrets selling down his stake in Nvidia prematurely He’s also then decided to kind of Combat you know selling too early by by buying in big to arm which is a You know has its own kind of AI story, but it’s it’s a traditional CPU chip provider Works closely with Nvidia Nvidia tried to buy them at one point Anyway, Masa has has experience investing in AI Companies and is a big believer in it and sort of saw this Opportunity of kind of putting his capital together with open AI with Larry Ellison from Oracle helping to kind of you know shine, you know shine the light on kind of What what he thought and I’m sure what what Sam Altman and Larry Ellison were hoping kind of would be you know that the sign Of you know that the future of of AI in general a coming together of you know You know billions and billions of dollars worth of investment in you know you know helping power that kind of the next generation of open AI’s models and Then no sooner did that press conference kind of sort of finish when we kind of got the the story of deep seek and This that you know, basically we you know, the honest truth is we don’t know you know how much they deep seat spent on developing their models or Exactly how many Nvidia chips they might have actually had where of course, they’re not supposed to have them being based in China But regardless it was clear that you know some upstart that nobody really had heard of two years ago had suddenly almost caught up to Open AI’s latest and greatest kind of models or you know, at least was, you know within you know, sort of spinning distance of that and so the fact that they were able to You know bridge that gap so quickly with obviously a lot less capital It’s sort of, you know sort of raised questions about is this is this really kind of is the Stargate model sort of what is going to win the day or do we need to have a rethink here and Do we do we need to ensure that from an American perspective? we’re we’re just you know, we’re we’re doing things a little a little different than than what we have have been doing and and so You know to basically ensure, you know, if they’ve caught up to us so quickly in two years, where are they gonna be? You know two years from now as I was obviously like the big worrying question hanging over everyone. So Sorry, I think You know, we’ll see. I’m I think it’s going to probably not Develop in the way that it was announced at the White House press conference Because of just this sort of reorientation and re-questioning of you know What is the best way to to proceed go, you know going forward for for all? LLM makers where they’re whether they’re American or Chinese or some other nationality.

So We’ll see. I’m sort of skeptical that will actually, you know proceed the way it was announced Press conference. I was gonna say just wait till the Doge committee gets its hands on the on the budget So that should make a difference One quick question.

I’m not sure if you know the answer to it quite honestly It’s like how does SoftBank finance itself? like I was wondering because they’re pouring billions and billions of dollars into like project Stargate and other or committed that much money and I’m trying to figure out how they fund themselves I looked it up a little bit while you were giving you a previous answer and I still haven’t come up to a number That’s even close to to where we should be. Like I know they invested early in Alibaba And and turned 20 million into 60 billion congratulations on that but Like how does SoftBank finance itself? Do you know just curious like random question? Well, my masa is like one of the most singular Entrepreneurs or venture capitalists out there. I mean there are very few Like him anywhere close He’s had some big wins not just that 20 20 million dollar bet on Alibaba that turned into 60 billion but Before that he was, you know, one of the first backers of Yahoo And made significant amount of money on Yahoo He’s like I said, he made a significant amount on Nvidia.

He has made a significant amount on arm But he’s had some big losses too, and you know, probably we work is the big one he also Had you know, he’s always had this public company SoftBank as as sort of like a way to Raise capital and about 10 10 plus years ago He had the vision for developing something called the vision fund our funds Which was basically hey, I’m gonna go to the Middle East and approach a lot of these You know Sovereign nations that have said that they want to You know invest in the future and have a have a post oil kind of economy for for all their different nation states and masa Brilliantly sort of positioned himself as sort of like a way of facilitating that Through you know, give give us your money into our vision fund. We will make big bets I have this track record of succeeding and You know, we’ll all make money together. And so but you know, so he has you know, he has been able to Convince the market participants whether they’re investing into SoftBank directly or investing into something like a vision fund That’s it’s a it’s a worthwhile bet to take with him You know, it was it did come under criticism, you know, especially from Elon Musk after they made the Stargate announcement You know where Elon sort of said hey, you know, they had this nice press conference They announced that they were gonna invest.

I don’t know sixty billion dollars or something like that over these next several years They don’t have that amount today. And so any and he’s correct like they don’t but Of course masa is betting that he will you know, he’s not gonna raise it all in one shot He’s gonna start, you know by raising some money make that investment into the project see how that goes Have some success raise incrementally more and more So he’s yeah, and I mean he could in theory sell down like some of it some or all of his arm holdings which he’s had a substantial return on if he did have have the Necessity that he had to kind of raise capital immediately. He doesn’t want to he’s still a big, you know big believer in arm He thinks the arm story still has more to go.

So I think he’s always just he’s been a big dreamer and He’s delivered enough on those dreams to you know Come along for the ride with him and I think that’s that was his intent with with making this big kind of bold Stargate announcement so, you know Elon has his own reasons self-interested for Sort of shooting shooting down Stargate because he wants obviously trying to develop his own AI But we’ll just have to see how it goes Yeah, no appreciate you Eric there, you know Humoring my question here and we could take this even one further like how does Saudi Arabia and the PIF? sort of See the investment into like project Stargate as well. That’s a different discussion We it’s more geopolitics than anything else, but it’s an interesting angle I’ll have to bring up with one of my geopolitical guests in the future how that sort of rubs the the Saudis like the Investment from South Bank. So Interesting topic.

I’m Eric I’m gonna try to poke some holes into your theory that the markets gonna go up and you know next few years here and Inflation expectations is probably one of the bigger topics that we need to discuss here that could sort of derail Potentially derail higher markets and then with that higher Fed interest rates Derail the market maybe you can elaborate like how is that? How is your theory with standing like higher inflation and potentially even higher interest rates and perhaps later this year? Well, I mean the higher interest rates that that were brought about from from kovat spending You know as part of the reason why The non mag seven tech market has sort of like been in this bear market really for I guess three three and a half years now so We’ve been living with that already and Of course, there is this You know worry that inflation is is now kind of ticking back up again And therefore central banks around the world are gonna have to increase interest rates and You know in order to kind of deal with that and then that would be a negative for tech stocks It would be negative for stocks in general So that that is a risk that’s that’s hanging out there I do think though that you know with this commitment to AI That that is happening is going to continue to happen That’s a potential offset in terms of like the increased productivity that we’re going to see Potential slack that we might see in terms of job losses and and so forth that that investment cycle You know might have so And there’s just sort of like continued Slack in the economy death, you know the u.s You know we Trump got elected because there you know The majority of Americans felt like the economy US economy wasn’t doing well enough compared to what they were used to and And yet if you ask the citizens and kind of any other Western economy around the world like they you know trade their left arm To have the version of the American economy that exists today. The others are just are much weaker. So I Believe that that that slack, you know is an offset to the to this risk of kind of a bounce back in inflation and And You know, we’ll have to see along with this and you know investment phase that’s happening from from the technology side in So that’s that would be my response to the risk of inflation Now do you see any other impacts to your like positive or you know theory here is like tariffs is another one You know, I could think of like how is the impact of tariff is sort of reflecting on the max sevens here How do you see that? Yeah impact, you know the charts here Yeah, I mean, we’ll have to see I mean we’ll I mean tariffs obviously like our you know you know I Have an immediate hit initially to inflation But it are those, you know, first of all, do the tariffs that actually happen? I mean we or do we get sort of some version of the Canada Mexico? Version of tariffs where there’s this threat and there’s this reaction from the market and then some pullback and negotiated settlement on tariffs and so the actual Implementation of tariffs is is far less than you know what we worry about today You know and and does the American government, you know Responds to any pullback in the markets with some relenting of their tariffs Policy, I mean, we still don’t know about that If they did go ahead with it Is it you know, is it offset through things like, you know, for example, like the Canadian dollar? would likely crash and and you know, I assume other currencies would as well in relation to the American dollar and therefore does that take some of the the impacts of and the inflationary impacts of Of tariffs off the table through the you know, the lowering of the of the currencies relative to the US dollar so I I think it’s It’s a concern obviously has we have to watch that but I think there are you know, several potential off-ramps You know That that could come into play that make me, you know less concerned about tariffs Eric maybe last question here, but you’re your tech investor based in Canada.

How does that work? There is not a huge There’s more in Canada like that. I guess is up your alley in terms of like miners gold, you know pits and Folks that are interested in that there are some obviously some some big tech tech names in Canada Also, there have been some kind of infamous, you know tech stories from Canada over the years like Nortel and Blackberry and all that kind of stuff. So but you know for me like, you know tech is you know, my my my passion and my love and you know It’s where I’ve chosen to kind of focus my career and interest and I just so happen to be based in Canada at least for the moment, so you know, I just I you know, I try to keep my ear to the What’s going on in in the rest of the world as opposed to what’s happening in with startups in in Canada? Yeah, no, I bet you’re seriously considering becoming a snowbird the last few days You gotta love snow Keep living in Canada.

We’ve gotten our share this winter. That’s for sure. I can imagine Eric.

No wonderful conversation I really really appreciate your time. Where can we send our viewers? Where can we learn more about your work Eric? EMJ capital dot LTV is my website for for my I tried and Follow me on exit at Eric Jackson if you don’t mind getting the occasional tweet about What’s going on with Canadian and American hockey? Very entertaining last few last few matches especially the last one I hear so friends and friends do tell me so no fantastic Eric Thank you so much for your time. It was great having you on the program when we catch up soon Lots happening, of course in the AI and tech space.

So we’ll need to catch up and get you back on the program here soon Eric, thank you so much and to everybody else. Thank you so much here for tuning in for to sort of financially Really appreciate you watching if you haven’t done so hit that like and subscribe button. It helps us out tremendously It’s a free way to support the channel.

Also leave a comment down below What do you think tech is doing? Like are you buying the dip? How are you following the space? It’s a new area for us to explore We do want to broaden the reach of our channel a little bit by discussing topics that are not necessarily close to gold But but they shape the macro landscape they shape the investment landscape and we do want to educate you and myself So it’s it’s a twofer here. So thank you so much for tuning in And of course, we’ll be back with lots more here on store financially. Thank you