This is breaking. Nvidia's CEO just went

on CNBC to tell you that 660 billion for

a shopping spree. Totally normal. Let me

show you why he's nervous. Nvidia is up

8% today. But this 8% comes after a $500

billion wipeout in their value over the

past week. When the guy selling shovels

to the gold rush has to go on TV and

tell you the gold rush is real. What

does that mean? Here's exactly what

Jensen told CNBC today so we can dig

into it. He claims that the AI buildout

will continue for 7 to 8 years and

demand for AI is quote just incredibly

high. He also called it quote a once in

a generation infrastructure buildout.

Then he dismissed worries about adding

too much capacity that this is too much

too soon and maybe it's not even going

to be achievable. And he dismissed

obvious connections between this and the

first internet buildout. And then he

name dropped the homies Meta and Amazon

and Microsoft using Nvidia chips for AI.

He went on to claim companies like

Anthropic and OpenAI are generating

quote profitable revenue which is

provably incorrect. Open AAI is

projected to lose money until 2030. They

do not make money. They are a company.

They do not have positive revenue. Their

operating expenses are far more than

what they are earning off of measly $20

subscriptions. We've covered this

before. OpenAI is not profitable. They

do not make money. What's more important

when any of these tech elites speak, and

Jensen is certainly no exception to

this, is not what they say, it's what

they do not say. And you're going to

notice he omitted two key points in this

interview. Any specific ROI numbers from

his customers, like quantifiably, how

much revenue is this generating? How are

they generating that revenue? and then

just totally went around the fact that

his own infrastructure caused a massive

software selloff in the stock market

this week. But zooming out even more to

understand what happened in this

interview today, you have to understand

it in the context of the past 7 days cuz

a lot has been going on with the AI

bubble popping. It's been a total

bloodbath. And if you have any kind of

investment in these tech stocks

leveraged in AI, you would have seen

your portfolio take a beating this week.

Let's take them one at a time. So,

Anthropic seems to set this pop off.

They released Claude Co-work plugins for

legal, sales, and marketing workflows on

Friday, Jan 30. And so, Claude Co-work

is basically an extension of the AI chat

that you know and love or know and hate.

And now they have plugged that in so

that you can edit files on your

computer. You can connect it to

different business systems like Slack,

like your Google office suite, and even

your marketing workflows like if you

work in Salesforce or some kind of a CRM

like that, you can plug Claude in now,

which makes a lot of stuff very

irrelevant very quickly. And so because

of this there is a $285 billion upset in

the stock market specifically in

software financial services asset

management stocks as everyone raced to

dump their shares as they would software

as a service being the main one hit also

financial services and asset management

because why do you need a whole army of

analysts if you can just plug into your

system and a couple of figures on that

Thompson Reuters fell nearly 16% on

Tuesday MSCI lost around 7% and RAX shed

14%. Salesforce alone is down 26% this

year making it the second worst

performing stock in the D. These things

always fall like dominoes and their

effects propagate outwards. So this

triggered sell-offs in Indian IT stocks,

European software companies and even

private equity firms with high SAS

exposure because people are asking the

question if Claude can do this why do we

need a SAS product? And predictably at

the Cisco AI Summit, this is Tuesday,

February 4th, Jensen said a lot of crazy

things, and you can look at my other

videos for some of those that we covered

earlier in the week. One we haven't

covered is he called the software

selloff quote, "The most illogical thing

in the world." I would call it that,

too, if it was caving out a bunch of my

company's value. And then I I don't

know, drugs or something. He gives this

insane analogy. It's a screwdriver

analogy. It's almost like a Zen Cohen.

He says, quote, "Would you use a

screwdriver or invent a new

screwdriver?" Yeah, I don't get it

either. So, this is like some weird

psychological dissonance to just be like

pushing that same narrative we've been

talking about on the channel. You are

too dumb. You cannot understand this. Do

not ask questions. Shut up. Buy the

stocks. Relinquish your graphics cards.

We are going to move forward with this

data center infrastructure build. That's

what we're doing. You have no say in

this and you do not get it. Then we have

what I'm referring to mentally as the

hyperscaler earnings parade over the

rest of the week. And this is

essentially every major tech company

lining up to kiss the ring of of Jensen

to kiss Nvidia's ring to say we are all

in on data centers. We are all on the

same page here. Look at some of these

numbers. You got Alphabet 175 to 180

billion capex guidance for 2026. Stock

fell despite strong earnings. Wall

Street's like, "I'm sorry, what?" Amazon

$200 billion capex forecast for 2026. We

covered it early here on the channel.

You can go check that video out a few

days ago. Analysts expected 146 billion.

Stock plunged 10%. Andy Jassy's quote

there. With such a strong demand, we

expect to invest about 200 billion in

capital expenditures across Amazon in

2026. And it is crazy. Pretty much as

soon as he says that, if you're watching

a stock ticker, boom, straight down

after he says, "We're just going to

spend 200 billion on this thing that we

don't really know how to make money off

of yet." And Quartz had the best take

here. They described it as quote, "The

market's response wasn't nice quarter."

It was, "Excuse me, you're spending how

much?" So combined spending from Amazon,

Alphabet, Meta, and Microsoft is

expected to reach 650 billion. So that's

the ter that's the number we're going

with. 650 billion on AI infrastructure

in 2026, which is a 60%

increase from last year. So over that

5day stretch, crazy week for Jensen,

Nvidia lost $500 billion in market cap

with all of this going on. Since Jensen

is too weak to talk about the numbers,

let's do what he can't and get into the

numbers and follow the money here. I

know it's not the most fun thing in the

world to make a budget, but let's just

sit down for a minute, consider the

numbers, and start to ask the question,

does it make sense to spend $660 billion

on AI data center infrastructure

buildout? And just to contextualize that

number, $660 billion in capex, that is

more than the entire semiconductor

industry's global revenue in 2023.

their whole revenue, all of their

earning. It's roughly equivalent to the

entire GDP of Switzerland, which is not

a poor country by any stretch of the

imagination,

just being pumped into AI infrastructure

in one single year. And let's remember

our funding bubble. A quick refresher on

this if you're newer to the channel.

Nvidia invests in OpenAI. Open AAI pays

for cloud. The cloud providers buy

Nvidia chips and the revenue comes back

to Nvidia through this circular shell

game. Microsoft, Amazon, and Google are

all running hot financially speaking.

They have 10 to1 ratios on AI capex to

AI revenue. So, they are blowing cash

and they're seeing none of this come

back through AI. The Amazon earnings

were the real kicker here. Their cash

flow plummeted 71% year-over-year to

11.2 2 billion, which I know sounds like

a lot of money, but a 70% decrease that

is caving out the company. Despite all

of this, Jensen, who may be the biggest

con artist of our time, next to only

Sam, all his only response is, "Trust

me, bro. The demand is real. I don't

have numbers for that, but you know, I'm

a good guy and you know I'm good for

that." And of course, he's saying it

because he's getting the money back that

he's spending through this circular

funding scheme. Remember this is the

same guy that got cold feet last Friday

about the OpenAI Nvidia hundred billion

dollar deal. Remember he called that

quote never a commitment and that's just

a sixth of the number that he's now

defending. I would also be remiss if I

didn't mention Jensen has been on major

TV interviews three times this week.

When things are going well for a

company, the CEO is not trotted out for

this many interviews. His PR team is

like, "We got to get ahead of this. you

need to start laying down some cover

fire. And just to summarize that, we got

Feb 3, CNBC, quote unquote, no drama

with OpenAI, quote unquote, complete

nonsense about deal concerns. We cover

that on the channel. Also covered on

February 4th, Cisco AI Summit, quote,

most illogical thing in the world about

software selloff. Feb 6th, which we're

talking about now, this is breaking.

This just happened. CNBC halftime

report, $660 billion is quote

sustainable and appropriate. You're

going to notice a pattern with Jensen.

Anytime the narrative cracks, he appears

to try to get people back on track with

his V. And what's most damning about

this whole thing that really proves the

thesis is there's an internal memo that

leaked where he admitted Nvidia is in a

quote no- win situation with market

expectations. He told employees this is

these are Jensen's words. Okay. quote,

"The expectations are so high that if we

miss by just a little bit, people think

the whole story is broken." Meanwhile,

Jensen is arranging a cushy landing for

himself. He has a stock sale plan for up

to 6 million shares, which is currently

valued at 873 million through the end of

the year. So, if this buildout is

sustainable for the next 7 to 8 years,

as Jensen claims, why is he selling off

almost a billion dollars in stock? And

why is he going on all of these media

interviews this week despite not being

asked about these things proactively

telling you, the public and the

shareholders and the people on Wall

Street, everything is okay and it's

better than okay. This is $660 billion.

I mean, come on. That's that's a weekend

in Vegas, baby. Don't even worry about

it. So, here's what to watch. On

February 25th, in 19 days, he has to

stop talking and he has to show

receipts. And he's getting nervous about

this because their earnings are going to

be on February 25th. Here's exactly what

I'm going to be looking for. Analysts

are projecting EPS of 1.52 on

approximately 65 billion in revenue. But

what matters more than this, and what

I'm really concerned to see, is what

does their forward guidance look like?

Are they still advising on a continuing

65 billion? And what are they going to

say about the Blackwell demand versus

the thought that OpenAI might have been

quote dissatisfied with the chips? And

is there any change in their circular

funding disclosure, which seems all but

totally obvious now? I've been covering

this as a conspiracy theorist and a

lunatic since last fall on this channel,

and now I see mainstream outlets like

the Wall Street Journal actually

creating infographics of this circular

funding. So, this is a well-known fact

at this point. So, when the pressure is

on, when he is under SEC disclosure

requirements, is he going to give the

same talking points as he's giving on

these CNBC shows to try to hopefully

pump some life back into that stock?

Subscribe if you want that earnings

breakdown on February 25th, the night it

drops. We will have a video analysis of

that up just hours after the earnings

call ends. So, please make sure you're

subscribed and click that bell to be

notified. So, if you take away one thing

from this video, here's what I want you

to take away is ask yourself the

question, if everything is going very

well at your company, it's the richest

chip company on Earth, why do you send

your CEO on a positive media tour, and

if he's telling you the money is well

spent, it makes you think maybe the

money isn't so well spent. Thanks for

watching. If you want my AI spending

tracker, please sign up for the

newsletter below in the description.

that's going to be dropping shortly.

You'll be the first to be on that list.

Sign up below.