On episode 239 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by Adam Parker (Founder, Trivariate Research) and Rob Sechan (Managing Partner, NewEdge Wealth) to break down what’s really driving markets right now. They discuss the state of software stocks, whether the semiconductor rally has gone too far, how AI is impacting corporate profitability, and where investors can still find value in an expensive market. Plus, the spinoff playbook, favorite stock picks for the summer, and a debate on Nvidia’s path to a $10 trillion valuation. Topics covered include: -The bull vs. bear case for software -AI, margins, and earnings power -Is the semiconductor trade overcrowded? -Market structure and recent volatility -Spinoffs as an alpha opportunity -Summer stock picks: AVGO, LRCX, NRG, APA, GILD -Crypto, ETH, and Tom Lee -Can Nvidia really 10x from here? This episode is sponsored by Public. Learn more at ⁠https://public.com/compound ►00:00 - Cold Open ►05:56 - Intro ►07:26 - We Need to Talk Software ►24:33 - Is the Semiconductor Rally Out of Control? ►32:10 - How the Markets Stair-stepped Lower ►39:53 - The Markets Today ►48:18 - The Spinoff Playbook ►55:04 - Favorite Stocks of the Summer. AVGO, LRCX, NRG, APA, GILD ►01:03:16 - NewEdge ►01:16:20 - BMNR, ETH, Tom Lee ►01:21:23 - Why Nvidia is Going to 10 Trillion Dollars 👕 Check out The Compound shop: https://www.idontshop.com 🎙️Listen to our podcasts: TCAF: https://podcasts.thecompoundnews.com/show/TCAF/ Animal Spirits: https://podcasts.thecompoundnews.com/show/animalspirits/ Ask The Compound: https://podcasts.thecompoundnews.com/show/ATC/ The Compound Newsletter: https://www.thecompoundnews.com/subscribe Linkedin: https://www.linkedin.com/company/the-compound-media/ Instagram: https://instagram.com/thecompoundnews Twitter: https://twitter.com/thecompoundnews Tik Tok: https://www.tiktok.com/@thecompoundnews Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Josh Brown and Michael Batnick are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. #thecompound #investing #stockmarket #stocks #nvidia