SoFi Technologies $13 stock here today. Stock in the past year is up about 88%. So it has been a very good past year for SoFi Technologies. Now SoFi Technologies, think of it as fintech meets banking, right? And so everything you would expect to do from a banking side, it has that, right? But it also has credit cards, investing loans, right? You can get a home loan through SoFi or student loans or personal loans, you know, you can get credit cards through them, right? You can invest through SoFi, all those sorts of things. So, it's like a one-stop shop for just about everything money related. Right now, SoFi then can go ahead and basically offsell other loans. So, let's say SoFi, you know, let's say you you're a SoFi customer and you want to get a car loan, right? And so, you apply for SoFi to get a car loan, but let's say SoFi says you're too much credit risk, right? cuz SoFi a lot of times only wants like higher credit people, like higher net worth folks to really give them loans, right? Well, you don't want to necessarily not make some money from that. So, what SoFi could do is they could go ahead and sell that lead to somebody else that will then go ahead and offer a loan, you know, whether it's a personal loan, a car loan, whatever, right? So, SoFi doesn't have to take the risk, but they get to make straight profit, straight margin because they have so many people using their platform. You know, Anthony recently said like the far majority of people that apply for different, you know, loan related products, they have to turn them away, right? Well, instead of just turning them away, now they can go ahead and they have ways to make money off of that, which is like straight profit, right? And making fees rather than trying to take loan risk in regards to this overall. Now, SoFi is doing an a a masterful job at attracting new members. They call them members, you can call them customers, however you want to look at it, right? But SoFi is up to around 11 million members now at this point in time. Right? Compound annual growth rate on the uh over the last few years of 52%. Right? They went from 3.4 million C members to 5.2 to 7.5 10.1 in this latest quarter 10.9. Right? And so the end of this year, SoFi should be, you know, I would say lowest end probably 12.5 million members. Um potentially 14 million members by the end of this year, right? Which is an unbelievable accomplishment. And once you have all those members, once again, you have so many different products to go ahead and uh sell them essentially, right? Now, if we think about the biggest banks out there, the biggest banks, you know, these ones can have 60 million plus customers, right? when you talk about the Wells Fargo, a Bank of America, Chase, those sorts of guys, right? Basically, you're you're a big dog bank if you got 50 million plus members, customers, whatever you want to call them, but it's pretty clear like if SoFi keeps executing, they're going to get there, right? Like they're going to get there. All they got to do is keep executing, make it through future recessions, don't go under, right? Like a lot of banks do in in recessions. get through to the other side, keep growing, keep attracting new members, which they're doing a phenomenal job, especially when it comes to millennials, Gen Z's generation, right? A lot of the folks that are digital first, right, rather than branch focused. So gosh, I mean, SoFi is just in a great position. Now, here's where it gets really interesting in regards to how big the potential is for SoFi stock to explode to the upside here. Okay. So, what I'm showing you now in front of you right now is the largest market cap financial institutions out there, the banks, right? JP Morgan has over a $700 billion market cap on it. Bank of America has over a $300 billion market cap on it. Wells Fargo over $200 billion market cap on it. SoFi's market cap recently has been trading somewhere between 10 and 15 billion. Right? Listen, if over this next decade, SoFi just keeps attracting members, right? They keep selling more and more products. They become a financial giant over this next 10 years. Like they're going to become one of these sorts of multiundred billion dollar market caps, right? And think about how small this company is as of right now. And it's very clear. You look at the trajectory and you're like, "Dang, man. If they just keep executing, the world is theirs." No. Anthony Notto, right? Listen, a CEO in regards to companies that you're going to buy that are $15 less stocks, they're everything, right? And CEOs are important no matter what type of stock you own. But when you're under $15 a share, the CEO is very important. I just showed you an example before of Carla who came in, you know, shortly after she came in, was the stock a dollar a share and look what she's done, right? And don't be surprised if honest is 10 plus dollars by this time next year. When it comes to Anthony Nodto, he he has an very impressive track record prior to him joining SoFi. Previously, he was a managing director at Goldman Sachs, CFO of the NFL, and the COO of Twitter back when, you know, Twitter was a little more uh you know, uh we can call it I don't even want to get into that. Okay. Uh SoFi Technologies, here's the deal. Okay. Now, if you look at the company recently, their their revenue is up substantially. Their net interest income's up substantially. The only thing you can poke at and say is bad in regards to SoFi is spending, right? They gota we could say it's a spending problem, right? Because they are just spending money left and right. Like soon as they get money, it's going right out the door. And so their net income for the latest quarter only came in at $71 million despite net interest income being $498 million. But here's the deal, okay? We could look at that as a negative and say, "Hey, they got a spending problem. Look at how much money they're spending." But listen, if you're SoFi, what are you trying to do? Who are you trying to become? Well, I just took you through it. You're trying to become a financial giant. I think Anthony wants SoFi to become a financial giant, a JP Morgan, a Wells Fargo, a Bank of America, right? A company, but that will emerge way more profitable than those old dog companies because the old ones, guess what? Those ones had to build a branch every 10 ft in a city, right? And had to have had this like big footprint where SoFi is just digital first, right? which allows them to be much more asset light than those traditional banks that had to worry about building, you know, thousands and thousands of locations everywhere, right? So, they're spending, but ultimately at the end of the day, it's because they're going after this massive thing. So, the the the name of their game is we got to get to 50 million members over the next 10 years. And how do you do that? You're going to have to spend a lot on marketing, right? You're going to have to spend a lot on your teams. Like, it's just the way it is, right? Now, here's the deal for SoFi, right? if they become a banking giant, right? If they really pull this off over the next 10 years, you're going to be talking about a stock that is going to anywhere from 10x to 100x the stock price if they really become a banking giant. And that makes SoFi extremely exciting because if they really pull this off and you look at the numbers, you look at the data and it's hard to disbelieve why would they not pull this off? Look at how many members they're attracting. Look at what's going on with their revenue, right? Why would they not pull this off? Anthony's been leading this company through a lot of messy situations already. High inflation, low inflation, Rona, student loan pause. He's led this company through so many messes already. Got them out to the other side. If there's a guy that's kind of proven that he's going to be able to get this company through future recessions, gosh, it's probably Anthony Notto. So, we could be talking about a stock in in regards to SoFi that, you know, between 10xes and 100 X's over the next decade, right? which is a lifecher. Like if you can make between a 10x and a 100x in a 10ear span, you know, it's a lifecher. So SoFi looks pretty darn good here. Now, let me take you through another scenario that could happen in regards to SoFi. Okay, listen. JP Morgan, Bank of America, Wells Fargo, the type of companies, they should try to buy out SoFi quick. I would try to I would try to buy out SoFi in the next 12 to 18 months if I was these companies. I would try to make it happen any way you can. Okay. And here's why. We know SoFi is clearly having tons of success attracting the younger generation, right? And getting those millennials, a lot of those Gen Z's, and then they're going to be very well they're going to be probably one of the most well positioned to attract Gen Alpha and and those folks to create bank accounts, right? Why would you not why would you not try to buy out SoFi? Like if I was Bank of America, Wells Fargo, any of these companies, man, I would be because here's the thing, like Bank of America, Wells Fargo, a lot of people don't want to own those stocks. They usually trade at very low P ratios. Like usually those stocks trade a P ratios anywhere between like 8 and 12 cuz a lot of people look at them and they're like, you know what? What about the future? That that's what they what about the future in regards to these companies? And there's a lot of doubt around that because of companies like SoFi, right? Now, additionally, you think about somebody like JP Morgan. I think JP Morgan would be it'd be very intelligent for them to try to buy out SoFi. Not because necessarily they need the SoFi members or something like that. Although that would be great. But Jamie Diamond, he's been such a famous figure at JP Morgan for years now at this point in time. He's always a guy that can go on TV and go on CNBC or Bloomberg or wherever and talk about the state of the economy, talk about JP Morgan's business, right? He's very well trained in all that. Does a phenomenal job. Listen, Jamie Diamond is likely retiring in the next few years. Some believe he's retiring at the end of 2026. Some say it's 2027. Some say it's 2028, right? And from my understanding, there has not been a successor picked yet. I think it would be really intelligent for JP Morgan to buy out SoFi, right? You get all that growth and all that future growth of SoFi, but then you get Anthony Notto who get him trained under right under Jamie Diamond for a few years. Make him CEO JP Morgan and you got your guy that's ready to take that limelight, right? Cuz Anthony goes on these, you know, financial media places all the time and speaks about SoFi's business, speaks about the consumer, speaks about the economy. He's a very He's almost like the perfect person to take the spot of somebody like Jamie Diamond when Jaime Diamond decides to retire. So, man, I like I think that would be very very intelligent. But we'll see. We'll see what happens. My hope is no one buys out SoFi cuz I think stock has a ability to 10x or 100x over the next 10 years, right? If as long as they can make it through recessions, keep growing larger and larger, like they're going to become a financial giant, right? Hey, it's Jeremy. I hope you really enjoyed that clip here today. What you're looking at in front of you right there, that's 1,000xstocks.com. That is my personal advanced software that I use to make my investment decisions when I go to invest in companies. As somebody that's been in the market 15 years, I got sick and tired of using these different services that folks have out there that are designed for traders in the market, people that are looking to get in and out of stocks. That's not what I'm here to do. I'm here to long-term invest. I need to be able to see all the different ratios and metrics that are very important for me as a long-term investor to judge if I'm getting a great deal on a stock or if I'm getting ripped off on a stock. I need to be able to compare different companies versus each other and be able to do that in a matter of seconds rather than it taking hours like it used to before I created this service. I want the ability to listen to conference calls, CSC filings all in one service. That is what we've created with thousandx.com. If you are looking to access this software, go down to the description area of this video. You can click the link down there and apply for access. If you don't want to do that and you want to search the website, go to 1,000xstocks.com. Enjoy it. Next up here, let's get into Alex Karp and the CEO of Palunteer, Alex Karp in a power lunch exclusive. Guys, thanks for your patience. Appreciate you being on. Uh, why do this deal with TWWG XAI? What does Palanteer get out of this? Well, first of all, Thomas is a legend. I love how she didn't even flex on the guy. You know, she could have pulled the Yeah, I'm the CEO of AMD. I'm one of the most powerful CEOs in the world. She just, you know, let it be. It's just so funny. Like, come on. Um, in the investing community and almost all the successful defense tech startups have been financed by him and has a reputation second to none. and I know his work and his reputation in the defense tech startup uh world which we know very well and without him many of the great startups that come after Palanteer would not exist. Um uh the mission of Palunteer is to give an unfair advantage to our friends. And if you look at what regional banks have been saddled with regulatory hurdles and deep technical issues, almost all of which can be solved by the combination of his insights into banking, which he's one of the most successful people in the world at our tech infrastructure and large language models and compute. And that combination will bring the unit economics of a company like F of Palunteer to regional banks and allow them to do what big banks are claiming to do uh and grow their revenue at much lower cost. Those are very he's very nice Thomas. I mean very complimentary. But here's the sad reality of AI. Every company wants to say I I've joked Alex we're going to change our name to CNBC AI because you get like a valuation pop. AI is really good at taking money. It's not been very good at making money. Yeah, I I think that's exactly right. You get pitched things like that all the time. And in our case, we hired Drew Kukor, who's a very well-known practitioner in artificial intelligence, built JP Morgan systems and built out our team. And before we put this together, uh, we use it at Guggenheim. We use our platform on all our systems and it's made an impact, a material impact and everything we talk about is if you made a dollar before, are you now making more than a dollar or are you just talking about it? So that's what we're most people are just talking about. This is the thing you've got to you've got to judge a company or an institution by the fruits they bear. And the thing at Palinger is we're quite good at making money. So we're highly profitable. There's a rule of of of financial hygiene called a rule of 40. We I think the highest ever recorded or one of the highest ever recorded 83. We make money by being downstream of value creation. At Palenteer and with our partners, we own value and we take a part of that value and get paid on it. So, we're not going to be making any big money unless the people we work with make even more money. And one of the problems of the AI revolution is it's a tale of two cities. It's a tale of people who take your money and give you flowery language and in the past it was woke now it's like you get to feel good about something that's not true or you can partner and we partner together in his bank so you can already see the value creation and we see this across every industry where the unit economics change which is why Palanteer is growing 71% in the US commercial we're going to get to that in a second but I I think I would say this it's fair to say that AI Thomas is like the seed we're planting a seed and hoping it grows goes into a tree with this deal. You're kind of already buying the tree in a way. Palanteers, I love what Palanteer, you know, the way Alex Karp's uh, you know, pitching it there as like we only are going to make a bunch of money if you make a bunch of money, right, in those sorts of things. So, I always thought it'd be fun like I would love to start a hedge fund someday down the road and do a 030 structure. So, usually how hedge funds work is they do a 2 and 20. So, they take 2% no matter what they do, they could get you literally negative returns and they still get 2%, right? and they get 20% of the profits. I always thought it'd be fun to have a hedge fund where I get zero 0% management fee, but I get 30% of the profits. So, I get a much bigger percent of the profits, but I don't take any management fees, but I'm only making money if my clients are making money, right? Like, I always thought that'd be fun to do a hedge fund like that someday. But, um, you know, and I love it. I love what Alex Karp's saying there because that that's what matters, right? Like if Palanteer is making a bunch of money, but then their customers feel like they're not getting anything out of it, right? Or they're not getting, you know, let's say they spend $10 million a year with Palunteer, but they're not getting $10 $10 million worth of worth out of Palunteer, right? You think they're going to sign that next contract? Of course not. And so Palunteer is trying to do business for the long term. They got to make sure, you know, somebody signs a three-year contract with them, they sign the next three-year contract as well. out XAI. They've got the infrastructure sort of built out. That giant processing center in Memphis, Tennessee, lots of land, lots of fresh water, by the way. Lots of electricity, the stuff it takes. How quickly does this put you sort of quote in the game to sell money-making AI to Wall Street and insurance companies and more right now? Because again, we have been doing this, you know, Mark built an incredible financial empire. Mark Walter. Mark, my partner Mark Walter, 30 years of doing this has an incredible deep knowledge set around finance structure etc. We know that world deeply and we know what's possible now because we've done it. So we're not do asking others to do anything that we haven't done ourselves. So by this year we'll be out with major customers across banking, insurance, money management and I think by having Palunteer their tool set already have customers interested. We absolutely do. Yes. Already. Already. And you just announced it this morning. Yeah. We I mean we've been working on this for a while. You better have some substance by the time you announce this. We're very excited about it. And with XAI, not only do you have their models, but as you mentioned, their compute is unparalleled. You know, by the way, a slight push back, it's not just making money. It's making money with less money invested. And what makes AI very special is not just that you grow the revenue in partnership, but the cost of getting the revenue should go down radically. And this again is particularly important for smaller institutions because in the past the way you would do this is by best investing billions and billions of dollars into complexity and the smaller institutions could not weave their way through that complexity. But what we can do to use your metaphor is supply the pre-built tree of your knowledge XAI models and our software infrastructure. And that pre-built tree lowers the cost of revenue and allows you to increase the amount of revenue you can take in because you know what I'm talking about. Okay. When when we talk about, you know, let's go back to what they call greenwashing, right? Every company was climate friendly, right? We make bleach and now we're climate we make, you know, chemicals and we're climate friendly. There's a lot every company wanted you to say they were green, they were whatever. There's a lot of that going on in AI right now, Alex. You know that, right? Companies like, "Oh, we we used to do this, but now we're AI and everything's great." How much of it is just BS? I was going to say something else. You've got to judge the You've got to judge the products by what they bear. So again, it are is the revenue cost of revenue less? Is the revenue going up? Are you out out able to deal with complexities you couldn't like regulatory complexities? Are you able to impose unique business strategies onto your business and those businesses are going to flourish and yes there's a lot of BS but you can really really see in the numbers. One of the things by the way I would say that's very contradictory is the people who are most interested in making money are going to gravitate to the things that actually work. And it's very similar to the battlefield. It's like there's not BS on the battlefield. And if you're going to partner with Thomas and his partners, you have to deliver real financial results or they're not interested. Because you're not doing magic. This is about success. And you better have metrics to weigh and measure everything you're doing and to be hyper honest about the results. That's it. And and look, I believe artificial intelligence is ultimately going to have an unbelievable impact on almost every aspect of life. But it's early, right? And it's not magic. It's going to take time to develop, develop use cases, find out what works. And you know, that's what we're diving. Millionaire hedge fund manager Paul Tudtor Jones, who you probably know, said on CNBC this morning that AI was like going to kill half the human population or something like that. It's an existential threat to humanity. Sounds like you would disagree with that. Well, I'd have to have the context. He's obviously a very smart guy, but I do know this. We have uh adversaries on this planet that are pouring everything into artificial intelligence, quantum computing, space, and if the United States is not willing to compete and go allin, I think we're going to have very big problems. And one one to just tie these, the biggest danger to your company or to our country is not being able to know what to invest in and what's BS. The stuff you can invest in on the battlefield all over the world has already changed the course of history and right next to it are a bunch of complete BS products where the unit economics are completely fail like what give me an example what's I mean look I'm not garbage okay I'm we're focused on making our business great but every business is going to have to reach out and one of the things that makes Thomas so special here is you can't expect everyone to have the taste to pick out the thing that's BS or the thing that's Thomas went and found the world's leader in b in battlefield operational AI and hired him. So you don't have to trust your taste on AI. You can trust his. You don't have to trust your taste in what's going to enterprise. You can go look at his. By the way, every government in the world is doing this. They're looking at what works and what doesn't. Well, he told me yesterday that Palunteer was pretty good at this. Most people in the world who are making money by lowering their unit economics and growing their revenue andor are alive on the battlefield have a partnership that looks a little bit like the three of us. Well, I want to ask about Aaron Rogers, but it's Steelers, but I know he's he's going to walk off very quickly. Your numbers look I got to ask you this. Stocks down today. You but you printed money. You made a lot of people millionaires. A lot of our viewers and listeners hopefully very rich. What's the market getting wrong about today? Hey, if you don't like 71% growth in USCOM, 45% growth in USG, a rule of 83, 55% growth in 90% of our business. Uh, it it is 55% growth in the US, 49% growth in 90% of our business. You don't like that, go look for something else. We're pretty happy. You don't have to buy our shares. We're happy. We're going to partner with the world's best people and we're going to dominate and you can be along for the ride or you don't have to be. Are we going to Very well put, you know, in regards to Palanteer stock price, right? What's going on? I'll tell you what's going on. It's all about the valuation. You know, the valuation's just gotten pushed so much that it gets really difficult to push it anymore. That's as simple as that. You know, there's nothing else going on there. The numbers are a banger. The numbers are phenomenal. The guidance was phenomenal. The conference call is phenomenal. The partners are phenomenal. Like, yeah, nothing. Um, other than the valuation is really high. Look at the price of sales ratio. Look at the trailing 12-month P. Look at the forward P. Look at the two-year forward P. And that's why it's gotten a lot harder to get Palanteer to try to like break through a new high and, you know, go to 150, go to 175. It's just gets really difficult the further your valuation gets up there when it comes to all those PE metrics.