Chit Chat Stocks SpaceX and OpenAI Prepare Monster IPOs; Netflix + Wise Earnings; A New Micro Cap Defense Play
Jan 23, 2026
In this discussion, the hosts dive into Wise's remarkable earnings and its potential U.S. dual listing. They analyze Netflix's strategic shifts towards advertising and content integration, pondering its valuation and viewer trends. Intel's significant role in the AI landscape is scrutinized, alongside Interactive Brokers' impressive operating margins. Additionally, they introduce a promising micro-cap defense play while speculating on the impending IPOs of SpaceX and OpenAI, raising questions about market dynamics and possible valuation bubbles.
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Wise Is Becoming A Low-Cost Global Rail
- Wise's card and account network let users move and spend money across borders with near-zero transfer fees.
- That dynamic makes Wise a low-cost global payments rail and strengthens its stickiness and interest income potential.
Intel's Value Lies In National-Scale Foundry Play
- Intel's strategic importance and government backing change the investment calculus despite mediocre near-term numbers.
- The key value is long-term foundry capacity, customer commitments, and national incentives versus TSMC's lead.
Interactive Brokers' Margins Reveal Massive Leverage
- Interactive Brokers shows exceptional scalability with very high operating margins and durable account growth.
- Strong margins plus low employee growth suggest large operating leverage if account expansion continues.