RiskReversal Pod Gene Munster on The Fateful Eight & Elon's Faithful Base
Mar 25, 2025
Gene Munster, Managing Partner at Deep Water Asset Management, provides keen insights on the tech market dynamics. He discusses the recent surge in Tesla's stock and NVIDIA's pivotal GTC event. Gene dives into the effects of potential tariffs on tech giants and explores Apple's innovation challenges, including Siri delays. He also addresses CoreWeave's IPO concerns and the shifting landscape of AI development. The conversation culminates in analyzing Google's competition and the innovative strides of X (formerly Twitter) in the face of rising market pressures.
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Market Sensitivity to Tariffs
- The market's positive reaction to news of more targeted tariffs suggests the administration is concerned about market stability.
- This contradicts previous statements downplaying the importance of the stock market.
Tariff Impact and AI Trade
- Gene Munster believes the April 2nd tariffs will negatively impact the market, especially tech stocks, due to recessionary implications.
- Despite this, he remains optimistic about the long-term AI trade.
Tesla's Stock Surge
- Despite anticipating weak delivery numbers, Tesla's stock price continues to rise.
- This reflects investors' faith in Elon Musk's long-term vision, even with short-term headwinds.