Future Investing
Talking BMNR, NVDA, SOFI & MORE | Feat. Steven Fiorillo
9/15/2025, 3:17:59 AM
Economic Summary
- Fed rate path: speakers expect rate cuts beginning in September, preferring a sequence of 25 basis point cuts (total ~75 bps by year end) and target a ~3.0% policy rate to unlock housing and lending activity.
- Hyperscaler CapEx is accelerating — major cloud players may spend hundreds of billions on compute, which is driving demand for Nvidia (NVDA) GPUs and related infrastructure and supporting sustained revenue growth for chipmakers.
- AI labor impact: guests worry AI and robotics will cause meaningful job loss in transport, coding, and back-office roles, raising unemployment risk and recession probabilities over the next 5–10 years.
- Ethereum network dynamics: increased Layer‑2 activity and stablecoin issuance on L2s (payments by Mastercard, Shopify, PayPal, Circle noted) could raise on‑chain transactions and fee burn, potentially making ETH disinflationary/deflationary and benefiting ETH-linked treasuries like BMNR.
Bullish
- NVIDIA demand accelerating from hyperscaler CapEx and AI workloads, supporting significant revenue and margin expansion.
- SoFi stands to benefit from upcoming Fed rate cuts and could re-rate higher with improved lending conditions.
- BMNR/treasury-style products acquiring and staking Ethereum could increase ETH-per-share and benefit holders if ETH becomes deflationary.
Bearish
- Tesla valuation priced for unproven RoboTaxi and Optimus outcomes.
- Large AI-driven job losses could push unemployment higher and trigger a recession.
- Easy shorting and retail-first features on Robinhood could lead to retail investor blow-ups.
Bullish tickers
NVDASOFIBMNRETH
Bearish tickers
TSLAHOOD
NVDA
2 price targets
225250
Bullish
Strong accelerating revenue and margins, large hyperscaler CapEx demand, and multi-year EPS growth make NVDA a 'screaming deal' in the discussion.
SOFI
2 price targets
2740
Bullish
Likely beneficiary of rate cuts; audience expects meaningful upside if loan growth and user acquisition accelerate.
BMNR
Bullish
Treasury-like structures that stake/restake and acquire ETH can raise ETH-per-share and compound holdings as network fees burn ETH, offering upside if ETH adoption grows.
Bearish
Lacks traditional fundamentals and earnings — valuation is hard to determine because it's primarily an ETH exposure vehicle.
ETH
Bullish
Layer‑2 stablecoin and payments adoption could increase transaction volume and fee burns, potentially making ETH disinflationary and supporting price appreciation.
Bearish
Uncertainty remains versus Bitcoin and around issuance/burn dynamics; outcomes depend on future on‑chain activity.
TSLA
Bearish
Valuation appears to price in very aggressive RoboTaxi and Optimus outcomes that remain unproven and mathematically difficult to justify.
HOOD
Bearish
Opening easy shorting and catering to retail clientele raises concerns about users taking excessive risk and blowing accounts.
MU
Bullish
Viewed as undervalued with growing DRAM demand in servers; speaker expressed long-term bullishness on Micron.
DLO
1 price targets
14
Bullish
Guest initiated a position at ~$14, signaling positive sentiment toward DLocal.
People mentioned
Steven FiorilloTannerTom LeeMichael BatnickJensen HuangElon MuskMark ZuckerbergJoseph CarlsonJesse DowJohanAmitScott Barks