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Brad Gerstner (Brad Gerstner) joined CNBC’s Halftime Report with Scott Wapner (@ScottWapnerCNBC) to address the software selloff. In a moment of “exponential change,” investors say “fog of war” and put application software in the “too hard bucket” — not because they’re “missing earnings or revenue today,” but because future... show more

Altimeter Capital

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259,994 次观看 • 5 个月前 •via X (Twitter)

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“I’ve been skeptical of software now for two years.” On CNBC Halftime with Scott Wapner (Scott Wapner), Brad Gerstner (Brad Gerstner) explained why many software names have reverted from a decade of premium multiples back toward market multiples in the AI era. “The closer you are to a point solution, that feels to me like you're on the front of the conveyor belt heading toward the guillotine, and to me it's just too hard.”

“I’ve been skeptical of software now for two years.” On CNBC Halftime with Scott Wapner (Scott Wapner), Brad Gerstner (Brad Gerstner) explained why many software names have reverted from a decade of premium multiples back toward market multiples in the AI era. “The closer you are to a point solution, that feels to me like you're on the front of the conveyor belt heading toward the guillotine, and to me it's just too hard.”

Altimeter Capital

169,944 次观看 • 2 个月前

Last week on CNBC Halftime, Brad Gerstner (Brad Gerstner) broke down the AI selloff — first with Scott Wapner (Scott Wapner), then alongside Jensen Huang (NVIDIA): With Scott Wapner on markets + AI CapEx: "There's a fog of war when the rate of change goes parabolic." "When the smartest guys in the world — Sundar, Elon, Andy Jassy, Mark Zuckerberg — are all saying we are going to earn a return on this investment, my bet is on them." With Jensen Huang on AI infrastructure + U.S. competitiveness: "This is like building the interstate highway system — $700 billion of investment, all funded by profitable private companies in America." "Could you imagine being large early investors in Google, Amazon, and Meta? Incredible. And that's what we're looking at." As founder of Invest America | Trump Accounts | Trump Accounts, Brad is focused on ensuring every American has a stake in the future being built. Watch the conversation 👇

Last week on CNBC Halftime, Brad Gerstner (Brad Gerstner) broke down the AI selloff — first with Scott Wapner (Scott Wapner), then alongside Jensen Huang (NVIDIA): With Scott Wapner on markets + AI CapEx: "There's a fog of war when the rate of change goes parabolic." "When the smartest guys in the world — Sundar, Elon, Andy Jassy, Mark Zuckerberg — are all saying we are going to earn a return on this investment, my bet is on them." With Jensen Huang on AI infrastructure + U.S. competitiveness: "This is like building the interstate highway system — $700 billion of investment, all funded by profitable private companies in America." "Could you imagine being large early investors in Google, Amazon, and Meta? Incredible. And that's what we're looking at." As founder of Invest America | Trump Accounts | Trump Accounts, Brad is focused on ensuring every American has a stake in the future being built. Watch the conversation 👇

Altimeter Capital

21,265 次观看 • 5 个月前

📈 Brad Gerstner on the insane revenue numbers coming out of Anthropic: "We had a $6 billion month out of Anthropic in February...It was only a 28-day month. That's more revenue than the annual revenue of Databricks and Snowflake – that are two of the greatest software companies of all time after 12 years, right? They could do, in the first four or five months of this year, the total revenue of SpaceX this year." –Brad Gerstner on The All-In Podcast

📈 Brad Gerstner on the insane revenue numbers coming out of Anthropic: "We had a $6 billion month out of Anthropic in February...It was only a 28-day month. That's more revenue than the annual revenue of Databricks and Snowflake – that are two of the greatest software companies of all time after 12 years, right? They could do, in the first four or five months of this year, the total revenue of SpaceX this year." –Brad Gerstner on The All-In Podcast

bg2clips

93,888 次观看 • 4 个月前

The top hacker in the US is not a human, but a machine. XBOW founder and CEO Oege de Moor and Apoorv Agrawal of Brad Gerstner joined Bloomberg TV this morning to talk about the milestone.

The top hacker in the US is not a human, but a machine. XBOW founder and CEO Oege de Moor and Apoorv Agrawal of Brad Gerstner joined Bloomberg TV this morning to talk about the milestone.

XBOW

58,665 次观看 • 1 年前

Brad Gerstner Brad Gerstner discussing why CoreWeave $CRWV is the only neocloud position he likes.. Interesting to hear from someone who knows Jensen, Altman, Satya etc. very well.. "We were investors in CoreWeave when it was a private company. We've been investors, you know, as they entered the public market and it's pulled back here, we've added to our position. We're not adding to other neoclouds. We don't think other neoclouds are created equal. We think CoreWeave stands alone in terms of its performance, the software that it's build on top of the cloud, its execution capability, its strategic importance to Nvidia in terms of deploying Rubin, etcetera. So we think it makes a really interesting opportunity."

Brad Gerstner Brad Gerstner discussing why CoreWeave $CRWV is the only neocloud position he likes.. Interesting to hear from someone who knows Jensen, Altman, Satya etc. very well.. "We were investors in CoreWeave when it was a private company. We've been investors, you know, as they entered the public market and it's pulled back here, we've added to our position. We're not adding to other neoclouds. We don't think other neoclouds are created equal. We think CoreWeave stands alone in terms of its performance, the software that it's build on top of the cloud, its execution capability, its strategic importance to Nvidia in terms of deploying Rubin, etcetera. So we think it makes a really interesting opportunity."

Rittenhouse Research

194,556 次观看 • 6 个月前

Brad Gerstner: Anthropic could *ADD* $200B of Revenue in 2027 - “We’ve never seen anything like this in the history of the world.” Brad Gerstner: “Let me be provocative here. If (Anthropic) ends the year with over $100 billion (in revenue), I think they're on a revenue trajectory that could 3-5x again next year. We've never seen anything like this.” @jason: “You're saying $100B to $300B, or $100B to $400B.” Brad: “Our minds were blown if a company could go from $100M to $300M. Now we're talking from $100B to $300B. $200B of incremental revenue is incomprehensible in the history of Silicon Valley.” Chamath Palihapitiya: “In the history of the world.” Brad: “Yeah, in the history of the world. The fact that we're even talking anywhere close to this tells us something different is going on here. I think the thing that's different is that intelligence is the largest TAM we've ever seen in the history of the world. These guys are penetrating it.”

Brad Gerstner: Anthropic could ADD $200B of Revenue in 2027 - “We’ve never seen anything like this in the history of the world.” Brad Gerstner: “Let me be provocative here. If (Anthropic) ends the year with over $100 billion (in revenue), I think they're on a revenue trajectory that could 3-5x again next year. We've never seen anything like this.” @jason: “You're saying $100B to $300B, or $100B to $400B.” Brad: “Our minds were blown if a company could go from $100M to $300M. Now we're talking from $100B to $300B. $200B of incremental revenue is incomprehensible in the history of Silicon Valley.” Chamath Palihapitiya: “In the history of the world.” Brad: “Yeah, in the history of the world. The fact that we're even talking anywhere close to this tells us something different is going on here. I think the thing that's different is that intelligence is the largest TAM we've ever seen in the history of the world. These guys are penetrating it.”

The All-In Podcast

217,948 次观看 • 21 天前

🚀 Brad Gerstner on Elon Musk's ace card with xAI's compute infrastructure: "There's nobody better on planet Earth than Elon at converting electrons to tokens... Now we see the ace card that Elon's playing. He said he was building AWS all along or EWS (Elon Web Services) all along. I estimate that this is going to generate in this year an incremental $4 to $5 billion of revenue... That's a material amount of incremental revenue to offset the cost of the investments that he's made here." — Brad Gerstner on The All-In Podcast

🚀 Brad Gerstner on Elon Musk's ace card with xAI's compute infrastructure: "There's nobody better on planet Earth than Elon at converting electrons to tokens... Now we see the ace card that Elon's playing. He said he was building AWS all along or EWS (Elon Web Services) all along. I estimate that this is going to generate in this year an incremental $4 to $5 billion of revenue... That's a material amount of incremental revenue to offset the cost of the investments that he's made here." — Brad Gerstner on The All-In Podcast

bg2clips

39,721 次观看 • 2 个月前

🚨 POD UP: Besties are back! Bestie Brad Gerstner (Brad Gerstner) fills in for david friedberg -- Economic fallout of Iran War, oil shocks, inflation -- Impact on midterms, Dems now favored to sweep -- Off ramps and escalation scenarios -- Anthropic/OpenAI scaling faster than any company ever -- AI's PR nightmare, why Americans don't trust it -- WA passes "Millionaire Tax" as Howard Schultz bails for Miami (0:00) The Besties welcome Brad Gerstner! (3:48) Economic fallout of the Iran War, escalation scenarios, impact on midterms (19:18) Off ramp strategies, Gulf state involvement, the China angle (27:05) Anthropic and OpenAI scaling revenue faster than any company ever (46:11) AI's PR disaster, open source's future (1:07:51) Washington passes "Millionaire Tax," Howard Schultz bails for Miami

🚨 POD UP: Besties are back! Bestie Brad Gerstner (Brad Gerstner) fills in for david friedberg -- Economic fallout of Iran War, oil shocks, inflation -- Impact on midterms, Dems now favored to sweep -- Off ramps and escalation scenarios -- Anthropic/OpenAI scaling faster than any company ever -- AI's PR nightmare, why Americans don't trust it -- WA passes "Millionaire Tax" as Howard Schultz bails for Miami (0:00) The Besties welcome Brad Gerstner! (3:48) Economic fallout of the Iran War, escalation scenarios, impact on midterms (19:18) Off ramp strategies, Gulf state involvement, the China angle (27:05) Anthropic and OpenAI scaling revenue faster than any company ever (46:11) AI's PR disaster, open source's future (1:07:51) Washington passes "Millionaire Tax," Howard Schultz bails for Miami

The All-In Podcast

178,925 次观看 • 4 个月前

ERP is a large + mission critical software category that is dominated by incumbents born in the prior century (SAP 1970s, Quickbooks 1980s, Netsuite 1990s). A lot has changed since then. Everest is re-inventing ERP from the ground up leveraging the latest advancements in AI! Brad Gerstner and I are thrilled to partner with Franz Faerber Sandeep Chopra and the Everest team. Check out our conversation w our thesis:

ERP is a large + mission critical software category that is dominated by incumbents born in the prior century (SAP 1970s, Quickbooks 1980s, Netsuite 1990s). A lot has changed since then. Everest is re-inventing ERP from the ground up leveraging the latest advancements in AI! Brad Gerstner and I are thrilled to partner with Franz Faerber Sandeep Chopra and the Everest team. Check out our conversation w our thesis:

Apoorv Agrawal

36,494 次观看 • 2 年前

🚨 Pod up: The fifth bestie returns Brad Gerstner Welcome back Brad Gerstner! -- Trump Brokers Gaza Peace Deal -- National Guard in Chicago -- OpenAI-AMD deal -- AI Roundtripping and the Bubble Myth -- Gold Rally -- Polymarket $2B investment, future of prediction markets (0:00) Bestie intros: Welcome back Brad Gerstner! (2:48) Israel-Hamas ceasefire, how Trump and his team got the deal done (13:27) National Guard sent to Chicago to protect ICE Agents (44:02) OpenAI's deal with AMD, state of the "AI Bubble" (1:05:45) Circular AI deals: cause for concern or no big deal? (1:15:00) What's behind the Gold rally? (1:20:38) Polymarket receives $2B investment from NYSE owner ICE, future of prediction markets

🚨 Pod up: The fifth bestie returns Brad Gerstner Welcome back Brad Gerstner! -- Trump Brokers Gaza Peace Deal -- National Guard in Chicago -- OpenAI-AMD deal -- AI Roundtripping and the Bubble Myth -- Gold Rally -- Polymarket $2B investment, future of prediction markets (0:00) Bestie intros: Welcome back Brad Gerstner! (2:48) Israel-Hamas ceasefire, how Trump and his team got the deal done (13:27) National Guard sent to Chicago to protect ICE Agents (44:02) OpenAI's deal with AMD, state of the "AI Bubble" (1:05:45) Circular AI deals: cause for concern or no big deal? (1:15:00) What's behind the Gold rally? (1:20:38) Polymarket receives $2B investment from NYSE owner ICE, future of prediction markets

The All-In Podcast

446,029 次观看 • 9 个月前

🤖 Microsoft’s approach to headcount in the AI era: "I will say we will grow a headcount, but the way I look at it is that headcount we grow will grow with a lot more leverage than the headcount we had pre ai. And that's the adjustment. I think structurally you are seeing first, right? Which is one you called it 'getting fit.' — Satya Nadella on Bg2 Pod with Brad Gerstner and Sam Altman w/ Brad Gerstner adding: "I think we're on the verge of incredible economic productivity growth."

🤖 Microsoft’s approach to headcount in the AI era: "I will say we will grow a headcount, but the way I look at it is that headcount we grow will grow with a lot more leverage than the headcount we had pre ai. And that's the adjustment. I think structurally you are seeing first, right? Which is one you called it 'getting fit.' — Satya Nadella on Bg2 Pod with Brad Gerstner and Sam Altman w/ Brad Gerstner adding: "I think we're on the verge of incredible economic productivity growth."

bg2clips

18,368 次观看 • 8 个月前

Just 3 month ago Brad Gerstner was on The All-In Podcast saying Anthropic was fully hooked into AltCaps data lakes because of security vs using OpenClaw. Is there a brewing concern that AltCap is giving its proprietary research and data alpha to Anthropic? Is open source now a viable option to protect it? Would love to see a 1:1 chat with Karp and Gerstner to unpack both sides of this debate

Just 3 month ago Brad Gerstner was on The All-In Podcast saying Anthropic was fully hooked into AltCaps data lakes because of security vs using OpenClaw. Is there a brewing concern that AltCap is giving its proprietary research and data alpha to Anthropic? Is open source now a viable option to protect it? Would love to see a 1:1 chat with Karp and Gerstner to unpack both sides of this debate

spiro 🇺🇸

43,091 次观看 • 24 天前

Brad Gerstner: Elon Just Merged the Two Biggest Markets in the World Brad Gerstner: “You're merging the two biggest TAMs in the world, right?” “All of artificial intelligence and all of space, together with the world's greatest entrepreneur.” “(Elon) said, ‘I'm going to have datacenters in space in 30 months,’ right?” “And if you're going to have a massive cost advantage with data centers in space – and remember, power is the proxy, power is the primitive to AI – if you can deliver that, then Elon’s your guy, and the combination of those make perfect sense.” “But Elon is like, kind of an N-of-one in his ability to dream this.” “I think that there will be dramatic retail demand and institutional demand, who want to bet on that future.”

Brad Gerstner: Elon Just Merged the Two Biggest Markets in the World Brad Gerstner: “You're merging the two biggest TAMs in the world, right?” “All of artificial intelligence and all of space, together with the world's greatest entrepreneur.” “(Elon) said, ‘I'm going to have datacenters in space in 30 months,’ right?” “And if you're going to have a massive cost advantage with data centers in space – and remember, power is the proxy, power is the primitive to AI – if you can deliver that, then Elon’s your guy, and the combination of those make perfect sense.” “But Elon is like, kind of an N-of-one in his ability to dream this.” “I think that there will be dramatic retail demand and institutional demand, who want to bet on that future.”

The All-In Podcast

333,435 次观看 • 5 个月前

🤖 Microsoft CEO Satya Nadella on layoffs, AI, and the future of work: "I'm a firm believer that the productivity curve does and will bend… there's going to be more agency for you at a task level to get to job complete because of the power of these tools in your hand." — Satya Nadella w/ Sam Altman and Brad Gerstner on BG2 Episode 39 A Halloween Special.

🤖 Microsoft CEO Satya Nadella on layoffs, AI, and the future of work: "I'm a firm believer that the productivity curve does and will bend… there's going to be more agency for you at a task level to get to job complete because of the power of these tools in your hand." — Satya Nadella w/ Sam Altman and Brad Gerstner on BG2 Episode 39 A Halloween Special.

bg2clips

15,682 次观看 • 8 个月前

"Warren Buffett has this old metaphor: the yes basket, the no basket, and the too-hard basket. For me, software is generally in the too-hard basket." — Brad Gerstner Brad shows how the recent rerating of software stocks simply brought them down to the average market P/E ratio. "So when I hear everybody crying, 'Hey, these multiples aren't fair,' it looks to me like the multiples reset from an above-market multiple — where everybody thought the revenue and earnings were impenetrable — to now, they're saying, 'Maybe 3-5 years out, they'll be replaced. So we're going to raise the discount rate and lower the multiple.' They've only lowered it to the market multiple." "Let me just suggest there's a possibility [software] will trade well below the market multiple. I'm not wishing for that, I'm just saying there's a distribution of potential outcomes here." "If you get on the AI train, if you get in the token flow, you're gonna get an above-market multiple. If you don't, if you slow down and it looks like every time that computational intelligence improves, your business gets worse, then I promise you, [you] will trade below the market multiple."

"Warren Buffett has this old metaphor: the yes basket, the no basket, and the too-hard basket. For me, software is generally in the too-hard basket." — Brad Gerstner Brad shows how the recent rerating of software stocks simply brought them down to the average market P/E ratio. "So when I hear everybody crying, 'Hey, these multiples aren't fair,' it looks to me like the multiples reset from an above-market multiple — where everybody thought the revenue and earnings were impenetrable — to now, they're saying, 'Maybe 3-5 years out, they'll be replaced. So we're going to raise the discount rate and lower the multiple.' They've only lowered it to the market multiple." "Let me just suggest there's a possibility [software] will trade well below the market multiple. I'm not wishing for that, I'm just saying there's a distribution of potential outcomes here." "If you get on the AI train, if you get in the token flow, you're gonna get an above-market multiple. If you don't, if you slow down and it looks like every time that computational intelligence improves, your business gets worse, then I promise you, [you] will trade below the market multiple."

TBPN

77,089 次观看 • 2 个月前

Brad Gerstner said the quiet part out loud when it comes to ROI on AI spending and what bears are missing about adoption As of today, the big impact and ROI from AI has been on the cost side of the equation, which has come primarily through headcount reductions and efficiencies Brad believes that we are on the cusp of breakthroughs that will change the revenue side of the equation as well Once that takes place, AI platforms such as Anthropic become mission critical for its customers, where you cannot rip it out of your enterprise even if you wanted to Jensen Huang has famously said that all new chip production design at NVIDIA is now happening with the help of AI. In some sense, we already have the futuristic recursive loop of "the machine building the machine." Brad goes on to predict that if Anthropic can end 2026 at a $100B run-rate, there is very real possibility that they will 3-5x again to $300-500 billion in revenue We have never seen anything like this in history

Brad Gerstner said the quiet part out loud when it comes to ROI on AI spending and what bears are missing about adoption As of today, the big impact and ROI from AI has been on the cost side of the equation, which has come primarily through headcount reductions and efficiencies Brad believes that we are on the cusp of breakthroughs that will change the revenue side of the equation as well Once that takes place, AI platforms such as Anthropic become mission critical for its customers, where you cannot rip it out of your enterprise even if you wanted to Jensen Huang has famously said that all new chip production design at NVIDIA is now happening with the help of AI. In some sense, we already have the futuristic recursive loop of "the machine building the machine." Brad goes on to predict that if Anthropic can end 2026 at a $100B run-rate, there is very real possibility that they will 3-5x again to $300-500 billion in revenue We have never seen anything like this in history

Boring_Business

37,085 次观看 • 19 天前

"Not much has changed," Stocktwits head of market research Tom Bruni, CPA, CMT says on $GME Q3 earnings. "We're seeing continual revenue declines because the core business of selling video games and software related to physical stores is struggling in the 21st century."

"Not much has changed," Stocktwits head of market research Tom Bruni, CPA, CMT says on $GME Q3 earnings. "We're seeing continual revenue declines because the core business of selling video games and software related to physical stores is struggling in the 21st century."

Yahoo Finance

26,753 次观看 • 1 年前

In conversation with Brad Gushue. About the decision to bring on Brendan Bottcher, sweeping, and a note to the fans. Here are some of Gushue’s thoughts on the massive news today:

In conversation with Brad Gushue. About the decision to bring on Brendan Bottcher, sweeping, and a note to the fans. Here are some of Gushue’s thoughts on the massive news today:

Devin Heroux

39,647 次观看 • 1 年前

The AI market rally in 2026 has one anchor. It's private. Brad Gerstner Gerstner holds Anthropic equity with non-public financial access. His claim: without Anthropic's 2026 revenue delivery, the market would be down 10-15% right now. Not NVIDIA. Not OpenAI launches. Anthropic's profit path. High gross margins and a path to positive FCF in Q2 2026 triggered the market's ascent out of a deep correction. One private company validated that AI revenue was real and profitable. The anchor is private. The companies depending on it are public. If Anthropic's next revenue update disappoints, every AI-correlated position loses its primary justification. Source: TBPN (TBPN) -

The AI market rally in 2026 has one anchor. It's private. Brad Gerstner Gerstner holds Anthropic equity with non-public financial access. His claim: without Anthropic's 2026 revenue delivery, the market would be down 10-15% right now. Not NVIDIA. Not OpenAI launches. Anthropic's profit path. High gross margins and a path to positive FCF in Q2 2026 triggered the market's ascent out of a deep correction. One private company validated that AI revenue was real and profitable. The anchor is private. The companies depending on it are public. If Anthropic's next revenue update disappoints, every AI-correlated position loses its primary justification. Source: TBPN (TBPN) -

Podcast Alpha

28,361 次观看 • 2 个月前

Software is Eating Labor At $300 billion in annual revenue, the global software market is huge. But it pales in comparison to the labor market, which weighs in at $13 trillion a year in just the US. The wages of nurses alone are more than twice the revenue of every SaaS company combined. Over the last 70 years, software fundamentally changed the way we record, store, and share information. Its next act is to perform the work itself and charge on outcomes, capturing trillions of dollars of value in the process. Alex Rampell explains in this talk from the 2025 a16z LP Summit. 00:00 The history of labor and automation 03:34 Software case studies 09:10 The business model of software has to change 11:39 Software will eat labor 20:08 It's not just about cost 22:48 AI creates new market opportunities

Software is Eating Labor At $300 billion in annual revenue, the global software market is huge. But it pales in comparison to the labor market, which weighs in at $13 trillion a year in just the US. The wages of nurses alone are more than twice the revenue of every SaaS company combined. Over the last 70 years, software fundamentally changed the way we record, store, and share information. Its next act is to perform the work itself and charge on outcomes, capturing trillions of dollars of value in the process. Alex Rampell explains in this talk from the 2025 a16z LP Summit. 00:00 The history of labor and automation 03:34 Software case studies 09:10 The business model of software has to change 11:39 Software will eat labor 20:08 It's not just about cost 22:48 AI creates new market opportunities

a16z

209,750 次观看 • 10 个月前