Let's Talk Money! with Joseph Hogue, CFA

🤔Help me out Bow Tie Nation! Do you want to see more of the type of video published today (and linked below)? I'm covering 3-5 news articles that catch my attention and the stocks you should buy on each. Check out the video and let me know if you like the format or want something else.


https://youtu.be/aYIdj6NOGqU

16 hours ago | [YT] | 28

Let's Talk Money! with Joseph Hogue, CFA

💵 If you didn't watch our weekly Stock Market Update at least halfway through last Monday, you would have missed a 12% boom in shares of LULU today. Back with a new update and stocks to watch every Monday 9am est before the market opens!

4 weeks ago | [YT] | 16

Let's Talk Money! with Joseph Hogue, CFA

🚨 The AI Chip War Is Changing — And So Are the Winners 🚨

Nvidia’s stock (NVDA) is up an unbelievable 1,300% in just five years. That is a fourteen-fold return, the kind of performance most investors never experience in a lifetime. But when a company grows revenue nearly 600% in under three years, it does more than attract headlines—it attracts competitors. And right now, every major tech company on earth is quietly building something designed to chip away at Nvidia’s dominance.

🧠 This isn’t a doomsday message about Nvidia collapsing. Nvidia remains an exceptional company. Instead, this is about understanding how the battlefield has changed and why the next 10X stock will almost certainly come from one of several emerging players in the new AI chip ecosystem—an ecosystem that now looks very different from even two years ago.

To understand where this market is heading, you first need to understand how Nvidia became the undisputed king of AI. More than a decade ago, AI researchers discovered something surprising: the same GPUs used for gaming happened to excel at the parallel math operations required in training AI models. Nvidia not only dominated gaming GPUs, but also provided the CUDA software layer, which became the default programming environment for AI developers.

That combination—powerful GPUs and a software ecosystem that locked developers in—gave Nvidia an enormous head start. When ChatGPT unleashed the AI boom in 2022, Nvidia was in exactly the right place at exactly the right time. Revenue, which barely moved before 2022, exploded soon after—up nearly 600% in less than three years.

Because its chips were so uniquely capable, Nvidia could charge $30,000 to $40,000 for a single GPU, and up to $3 million for a full rack of its Blackwell platform. With those economics, Nvidia posts operating margins around 59%, meaning it keeps more profit per dollar of sales than nearly any semiconductor company in history. AMD, by comparison, keeps only about $0.09 of profit per $1 of revenue.

But no competitive advantage lasts forever. And the AI chip landscape is rapidly splintering.

⚔️ The AI Chip War Has Split Into Four New Battlefronts

For years, Nvidia thrived because AI workloads revolved around training—the process of teaching massive models using huge datasets. That phase demands the most powerful hardware, and Nvidia’s GPUs were unmatched.

But once a model is trained, the economics of AI change completely. The everyday use of AI—so-called inference—happens billions of times a day across millions of devices. Those workloads don’t require expensive, ultra-flexible GPUs. Companies don’t want to spend $40,000 per chip just to run routine queries or generate simple outputs.

🔥 As a result, companies are now building specialized chips designed for specific tasks. This is where the competitive landscape becomes far more interesting.

1. ASICs (Application-Specific Integrated Circuits)

These are custom-built AI chips designed for efficiency rather than flexibility. While a GPU can do almost anything, an ASIC can do one thing extremely well—and far cheaper. Alphabet, Amazon, Meta, and even OpenAI are now building their own ASICs. Broadcom plays a unique role manufacturing and designing many of these chips for multiple companies.

ASICs represent the most direct challenge to Nvidia’s dominance in inference, where cost efficiency matters far more than raw power.

2. FPGAs (Field Programmable Gate Arrays)

Think of FPGAs as configurable “Lego block” chips. They are not as fast as ASICs or Nvidia’s GPUs, but they are dramatically more adaptable. Companies can reconfigure them for new workloads without designing an entirely new chip.

AMD leads here thanks to its Xilinx acquisition. Intel is also attempting a comeback with its Altera business.

3. Edge AI and NPUs (Neural Processing Units)

This is one of the most important shifts in AI. Instead of every AI request being processed in a distant data center, more AI will run directly on your device—your phone, your car, your laptop, your wearable.

Running AI locally reduces power costs, cuts latency, and avoids expensive GPU-based cloud costs. Qualcomm is currently the strongest player in this area, but AMD, Intel, Apple, Nvidia, and Google are all investing heavily.

4. Training GPUs

Nvidia still dominates training. It shipped six million Blackwell GPUs this year alone and has another fourteen million on order. The next-generation Rubin architecture arrives in 2026. AMD is making real progress with its MI series, winning deals with OpenAI and Oracle, but Nvidia remains the standard.

📉Understanding these four battlegrounds helps investors see where the next generation of winners is forming.

Alphabet (GOOGL) has surprised the market with its TPU line, now on its seventh generation. Its partnership with Anthropic and ongoing discussions with Meta show just how serious Google is about becoming a major chip supplier.

Amazon (AMZN) is investing tens of billions into Trainium for training and Inferentia for inference. Some AWS workloads now run entirely without Nvidia GPUs—an unprecedented development.

Broadcom (AVGO) is positioned better than almost anyone because it builds accelerators for multiple companies. It does not need to pick a winner in the chip war; whoever wins, Broadcom benefits.

Advanced Micro Devices (AMD) is no longer the underdog. Its MI450 is gaining traction, and its open-source approach appeals to developers who don’t want to be locked into Nvidia’s CUDA ecosystem. AMD is also strong in CPUs and expanding fast into Edge AI.

Qualcomm (QCOM) may be the most overlooked contender. If AI becomes heavily device-based, Qualcomm’s experience with mobile NPUs gives it an enormous opportunity.

https://youtu.be/fOR5wBHpXeo

4 weeks ago | [YT] | 25

Let's Talk Money! with Joseph Hogue, CFA

🤣Too funny not to share - but also TOO SCARY! Nvidia reports earnings after the bell tonight. Expected to post giant 56% revenue growth to $55B and 54% earnings growth to $1.25 per share. More important though will be the outlook! Can Jensen Huang surprise the market once again? Can NVDA do better than 40% expected revenue growth next year to $292B?

❓This is a BIG one and the stock market depends on it. What do you think will happen? 👉 Will Nvidia save the stock market or disappoint?

1 month ago | [YT] | 278

Let's Talk Money! with Joseph Hogue, CFA

What Would You Do? (from viewer)

🤔 I just fired my financial advisor— he’s underperformed the market 4 years straight now (the life of my Roth IRA, which is the account he managed). Now I’m trying to clean up my account. The photo shows all the sell orders I just placed to be executed at market open Monday. After these are executed, the remaining positions left in my account would be:
AAPL
AMZN
CAVA
COST
GOOGL
LLY
MSFT
NVDA
SHOP
SOXX etf
VB etf
VOO etf

I’m on the fence about whether to sell SHOP and CAVA. My plan is to focus on making ETFs the core of my account (right now they only make up 12%). I am thinking of adding QQQM and META.

Thoughts on these decisions: was it a good move to fire my financial advisor? Are there any positions I’ve got sell orders for I should keep? Any positions I’m keeping that I should dump? Anything I’m missing but should add?

I’m 33 years old and don’t plan to touch this account until I’m 59.5. I max out my account every year. Still relatively new to investing and would appreciate any advice.

1 month ago (edited) | [YT] | 48

Let's Talk Money! with Joseph Hogue, CFA

🌎 100% of stock gains... from just 3.6% of stocks
Let that sink in.

According to research from the Center for Responsible Investing (Dr. Bessembinder), out of 28,114 publicly traded companies, only 1,000 created all the net wealth in the stock market.
The other 27,114 companies?
📉 Collectively produced zero wealth.

So here’s the question that should be blowing up your group chats:
👉 Does this support passive investing?
(Because only a tiny fraction of stocks actually matter long-term…so you should own ALL stocks like in the VT or the VOO to make sure you get that fraction)
👉 Or is this the ultimate case for active investing?
(Because you must find those rare winners like NVDA and AMZN to make any money)

Some people say this is why you buy the index and let the winners rise to the top.
Others say this proves you can beat the market—if you can identify the 3.6% early.
What do you think?
💬 Drop your take in the comments.
Are you Team Passive, Team Active… or a little of both?

1 month ago | [YT] | 43

Let's Talk Money! with Joseph Hogue, CFA

😮 Sometimes if you just stop, relax and let something be... beautiful things will happen!
🤑 Getting ready to make some money this week! Who's with me?

2 months ago | [YT] | 163

Let's Talk Money! with Joseph Hogue, CFA

❤️ Wherever I go, I take my FEARLESS GIRL with me!

2 months ago | [YT] | 234

Let's Talk Money! with Joseph Hogue, CFA

🥳 Bow Tie Nation in Chicago!
Loved connecting with all the Bow Tie Nation in Chicago on the Blossom Tour - Eric, Carmen, Judd, Badr and everyone - great meeting you and hearing about your investing journey! 💰 Looking forward to meeting more of the Nation next year!
👉 Let me know where you're at and what cities I should put on our list for our Bow Tie Nation meetups!

Skip the Carousel

1 2 3 4 5 6 7 8

3 months ago | [YT] | 349

Let's Talk Money! with Joseph Hogue, CFA

🥳 Bow Tie Nation! Had so much fun meeting many of you in New York! Phani, Patricia, James, Rob - You INSPIRE me! 🤑 Looking forward to seeing more of you in Chicago next week and many more cities next year.

Skip the Carousel

1 2 3 4

3 months ago | [YT] | 371