Just the Tips (by the Stock Jocks)

Send us Fan MailWelcome to Just the Tips! In this action-packed episode, George and Bruce welcome their first-ever guest stock jock, Luca, for a deep dive into the tech market's hottest topics.What We Cover:🤖 The AI Bubble Debate - Are GPU depreciation schedules signaling trouble ahead? We break down the Michael Burry thesis, discuss Nvidia's dominance, and explore whether hyperscalers can sustain their massive capex spending.💻 Nvidia's Monster Quarter - Despite crushing earnings expectations with $57 billion in revenue, the stock sold off. We analyze what this means for AI infrastructure investing and whether it's still a buy.🏢 The Vertical SaaS Showdown - Our main event features a head-to-head battle over AppFolio ($APPF). George makes the bull case for this property management platform trading at attractive valuations, while Bruce argues it's growth-at-an-unreasonable-price. Luca breaks the tie as guest referee.Key Debates:Will AI destroy or enhance vertical SaaS businesses?Are lower gross margins the new normal for AI-powered companies?Can legacy software companies defend their moats against next-gen AI competitors?Is Google finally catching up in the AI race with Gemini 3.0?Plus: College football rivalries, holiday photo strategies, and dad jokes courtesy of George's button.Stock Tickers Discussed: NVDA, APPF, GOOGL, MSFT, ORCL, PLTRDisclaimer: This podcast is for educational purposes only and is not financial, investment, or legal advice. Always consult with a qualified professional before making investment decisions.

Send us Fan MailDo you like beating the market? So do we. In this episode, we conduct our third review of stocks previously covered on the pod—and spoiler alert: we handily beat the market. Our last six picks returned 37%, outperforming by 38 percentage points!We revisit SoftBank ($9984:JP), $WLDN, $IOT, $CRCL, $NBIS, and $UBER, covering recent earnings, news updates, and our latest buy/sell recommendations. We also discuss OpenAI's massive CapEx commitments and Sam Altman's reactions to questioning, plus try to solve the mystery: where is our missing Stock Jock, Gordo.

Send us Fan MailRecorded 9/7/2025. The Stock Jocks tackle the bull/bear case on AI-focused Japanese conglomerate (and OpenAI investor) Softbank Group. News: jobs report / rate cuts.

Send us Fan MailRecorded 8/17/2025. The Stock Jocks build the bull/bear case on potential “hidden gem” and energy/AI infrastructure play Willdan Group.  News: Inflation/rate cuts, $CRWV earnings, $CRCL, $BLSH IPO.

Send us Fan MailRecorded 8/3/2025. The Stock Jocks give the bull/bear treatment to Internet-of-Things (IOT) and fleet telematics specialist Samsara ($IOT). The Jocks also give their always spicey takes on the news, including $MSFT/$GOOG earnings, the AI space ($META, $NVDA), the Figma ($FIG) IPO, and why Jensen Huang is the Sidney Sweeny of tech.

Send us Fan MailRecorded 7/13/2025. The Stock Jocks give the bull/bear treatment to stablecoin specialist Circle, a high-flying recent IPO. Spoiler: the Jocks all ultimately agree on this one. As usual, The Jocks give updated thoughts on tariffs, inflation, and the arms race in the AI space ($NBIS, $META, $NVDA, $AMD, $GOOG).  

Send us Fan MailRecorded 6/30/2025. The Stock Jocks give the bull/bear treatment to “neocloud” and AI-infrastructure specialist Nebius, perhaps the fastest-growing public tech company in history. As usual, The Jocks also reflect on recent market developments (the conflict in Iran, inflation, tariffs, deportations, etc.) 

Send us Fan MailThe Stock Jocks look back on the stocks featured in recent episodes ($COIN, $CRWV, $DOCU, $PLTR, $DDOG, $APP, $PATH, $META, $TWLO, $CRWD ). To the shock of all, Gordon AGAIN takes the Just the Tips stock-picking crown (relative long performance: 34% vs. S&P) based on his prescient insight on $CRWD and $META.

Send us Fan MailRecorded 5/26/2025. The Stock Jocks debate whether Uber continues to have abundant growth opportunities, or if autonomous vehicles present an existential threat. The Jocks also reflect on the Q1 earnings season, AI ($NVDA, $SMCI, $CRWV, $NBIS), tariffs and the stock market outlook. 

Send us Fan MailThe Stock Jocks kick off Episode 20 (recorded 5/4/2025) with a little “locker room talk” on whether they’re buyers or sellers of the recent stock market recovery after the post “Liberation Day” sell-off. This episode’s bull/bear discussion focuses on cryptocurrency specialist Coinbase ($COIN), with Bruce as Bull and Gordon as Bear. 

Send us Fan MailThe Stock Jocks provide the bull/bear takes on recent IPO Coreweave ($CRWV). Gordon plays the role of Bull, pitching that fears about AI “poster child” Coreweave’s sustainable competitive advantage are unfounded. In contrast, George presents the Bear case that Coreweave will inevitably be “boxed out” by other cloud players. In the news, we riff on the recent (and massive) tariff-driven market dip and whether investors should buy or sell it. 

Send us Fan MailThe Stock Jocks provide their bull/bear takes on another pandemic stock, Docusign ($DOCU). George plays the role of Bull, pitching that their fledgling Contract Lifecycle Management (CLM) business can be a “second act” that re-accelerates revenue growth into the teens, while Bruce plays the “negative Nancy” and presents the Bear case. In the news, we hit tariffs and DOGE, the Wiz acquisition and regulatory environment for M&A, $CRWV and the IPO market, $PATH and $RBRK earnings.

Send us Fan MailIn Episode (#17, recorded 2/27/25), the Stock Jocks provide the bull/bear takes on big data and analytics software specialist (and darling of the military-industrial complex) Palantir ($PLTR). As we go to publication, Palantir is falling on budget cuts at the Pentagon! Some timely (and timeless!) stuff found herein - as always, lovingly packaged in adults-only (yet childish) bravado and buffoonery. In the news, we discuss the long-term implications of DeepSeek, closed vs. open models, and who will ultimately capture the economic value in AI ($NVDA, $SMCI, OpenAI ($MSFT), $GOOG). George reiterates his positive view on $APP (AppLovin'). 

Send us Fan MailIn Episode 16 (recorded 2/17/25), George and Gordon provide dizzying insights about 5 companies that have been topics of prior episodes and have also recently reported earnings. Topics: Supermicro ($SMCI), Twilio ($TWLO), Shopify ($SHOP), AppLovin ($APP) and Datadog ($DDOG). We address key questions such as: Is $SMCI still the psychotic ex-girlfriend, or has she changed? Should we let her move back into our hearts and our portfolio? (Gordon insists this metaphor has nothing to do with his pending 2nd divorce.) Is $APP the most under-covered tech story out there? Is $DDOG a “buy” after its recent miss? Will Gordon work out his issues in therapy or repeat the cycle of destruction in his personal life?

Send us Fan MailIn Episode 15 (recorded 1/12/25), the Stock Jocks provide the bull and bear cases for observability leader Datadog ($DDOG). Gordon makes the bull case and argues DDOG can meet or exceed already-high street expectations as the market consolidates among DDOG, Dynatrace ($DT) and New Relic ($NEWR), while George points to a potential in revenue growth driven by decelerating new customer acquisition.

Send us Fan MailIn Episode 14 (recorded December 29, 2024), The Stock Jocks give their bull/bear treatment to high-flying mobile marketing specialist AppLovin ($APP). Gordo hosts, George, as El Toro, argues $APP can leverage AI to meet already high Street expectations, while Bruce channels El Oso and picks apart $APP’s valuation. In the news segment, the Jocks touch on the changing interest rate and inflation outlook and the H1B visa policy debate.

Send us Fan MailIn lucky Episode 13 (recorded December 8, 2024), The Stock Jocks give their bull/bear treatment to UIPath ($PATH).  Bruce plays Bull and makes the pitch that Robotic Process Animation specialist UIPath can become a long-term winner from Generative AI. Meanwhile, Gordo takes the role of Bear, and George hosts. In the news segment, the Jocks touch on Rubrik ($RBRK), SentinalOne $S (and in turn CrowdStrike ($CRWD)), the ServiceTitan $TTAN IPO, and $SMCI. 

Send us Fan MailIn Episode 12 (recorded November 17, 2024), The Stock Jocks give their bull/bear treatment to $META, the company formerly known as Facebook. Gordon does the Bull dance and extols the virtues of “Fonzi Zuck”, George takes the role of “negative nancy” (Bear), and Bruce hosts. In the news segment, the Jocks discuss the market implications of the Trump victory and also revisit the never-boring $SMCI. 

Send us Fan MailThe Stock Jocks look back on the stocks featured in their first 10 episodes ($SMCI, $NET, $DOCN, $LULU, $RBRK, $NTNX, $SHOP, $ON, $CRWD, $TWLO). To the shock of all, Gordon takes the first Just the Tips stock-picking crown based on his prescient insight that $SMCI is trash. 

Send us Fan MailThe Stock Jocks give their bull/bear treatment to cloud communications specialist (and beleaguered stock) Twilio ($TWLO), with Gordon hosting once again, George donning the bull horns, and Bruce playing the bear.  In our news segment, we hit a number of topics, including the implications of the coming election, ASML's premature (and disappointing) earnings release, and the set up into Q3 earnings.  $ASML, $TSMC, $INTC, $TSLA, $SMCI, $NVDA

Send us Fan MailIn Episode 9 (recorded September 12, 2024), the Stock Jocks give their bull/bear treatment to security powerhouse Crowdstrike ($CRWD), purveyor of the Falcon platform (hence the episode title, “Flipping the Bird”. So clever and on-brand!) We begin with a heartfelt apology from Gordon on behalf of the team for the month-long delay in the editing room; technical issues nearly killed this gem of an episode but we managed to salvage it through many hours of tedious effort. Gordon hosts, Bruce puts on his bull horns, and George puts on his “other” bear suit (not the one he gets defensive about when asked.) Was the “Blue Screen of Death” debacle a buying opportunity, or likely to result in further blues for investors? Listen and find out!

Send us Fan MailIn Episode 8 (recorded August 11, 2024), the Stock Jocks give their bull/bear treatment power semiconductor specialist Onsemi ($ON). Bull Gordon gets into a virtual “sword fight” with co-host George, who puts on his bear suit (very much unlike the one he dons in his basement on the weekends.)  We of course also recap $SMCI earnings and implications for $NVDA. George would like us to advise listeners that this episode has some particularly “naughty” comments and is hopeful that his mother won’t listen (and give us 1 star!) You’ve been warned! Gordon would like everyone to know he thinks George is being a weenie. Compliments / complaints / nudes: [email protected]:(2:44) Obligatory take on the shifting sands of our Idiocracy / recent changes to political landscape for investors(4:18) George pontificates on why recent market volatility is overdone; the Jocks debate the current state of the macro and the finer points of the “Sahm rule” for calling a recession(10:49) $SMCI earnings (did anyone get the plates on the truck that hit those margins?) and implications for AI demand and $NVDA (on its road, per Bruce, to $10 trillion in market cap)(18:44) Bruce floats a new income idea for unemployed Gordon: fraudulent invoices to the Mag 7! And why Gordon will never have $100 million dollars (hint: it’s a “naughty” reason!)(19:58) George takes a brief victory lap on $SHOP (the topic of our last episode!)(21:57) The Main Event: $ON is giving Gordon a semi! Company overview, and how Onsemi is like He-man (and Orko’s incomparable legacy as a “submissive”)(32:25) Recent financial performance and outlook(38:36) What might have been: May 2023 analyst day projections vs Street(39:26) DA COMPS!(42:05) George kicks off the bear case. A falling knife? Timing is everything. Host Bruce makes early deductions for style.(49:29) George argues that cars (a key end market for Onsemi) is a market that is challenged by extending replacement cycles near-term and will be decimated by robotaxis in the long term.(1:03:25) Stock Jocks “open their kimonos” and reveal their “real” opinions. 

Send us Fan MailIn Episode 7 (recorded June 28, 2024), the Stock Jocks give their bull/bear treatment to e-commerce specialist Shopify ($SHOP). Bull George (a proud owner of $SHOP) shameless “talks his book” and tries to convince us the put some $SHOP shares in the basket (or we get the hose again!).  Conversely, Bear Bruce makes the case Shopify is basically GoDaddy plus shitty pass-through payment revenue and therefore should be comped to other similarly shitty companies. Listen in to learn why Gordon thinks  Shopify should be hosting bat orgies!Highlights:(2:17) The Jocks´ ¨hot take” (this episode was recorded the day after the debate) on the Presidential debate and what it means for stocks (if anything) and how it may have impacted lotion consumption in David Sack´s house(s). (6:56) Newsbreak! $NVDA shift in sentiment and $400B pullback(10:36) George cops to his losses in SolarEDGE ($SEDG) (and begrudgingly, to his “edging” hobby) and the Stock Jocks half-assedly discuss the current state of the EV and Solar end markets(17:44) George kicks off the Bull case for $SHOP.(20:07) Why Shopify is a “Perfect Company” / George bull “fever dream”(35:00) WAM, BAM, thank you TAM! George dives deep into the key question: how big is the market opportunity for Shopify?(48:17) The AI opportunity for Shopify(54:51) DA COMPS!(1:02:05) Bruce pleads with us to empty our basket of $SHOP shares: “Shopped Till IT DROPPED”(1:07:38) A dive into the “quality” of Shopify´s revenue (1:11:10) DA REAL COMPS! (per Bruce)(1:21:55) Shopify´s earnings trajectory reflects its status as a “poster child” pandemic stock (and why Shopify should start hosting bat orgies!)(1:25:17) The Stock Jocks reveal their “real” opinions. 

Send us Fan MailIn a blissfully more succinct Episode 6 (recorded June 16, 2024), the Stock Jocks give their customary bull/bear treatment to  hypeconverged infrastructure specialist  Nutanix ($NTNX), which, turns out, is not a breakfast cereal and is instead, per Bear Gordon, “a shitty on-premise box company.” Highlights:(1:50) Gordon´s budding feud with the Reddit Advertising Overlords (We´re still hopeful they may adopt the moniker we´ve given them – “Glory Hole of the Internet”. The Jocks know a “shakedown” when they see one!   (3:31)  At last, fans of Just the Tips will get the answer: How many children has Gordon conceived on 4 Loko?(5:16)  In celebration of Pride month, George starts “shooting his shot” on Bruce, aggressively complimenting his “guns”. (6:37) In the News: $RBRK earnings update and $RBRK investment banker “locker room talk”(13:11) In the News: Georgie takes an $ORCL victory lap; Cathie Woods´ “fluffing” the wrong tech CEO and missing out on a cool billion. Is Oracle a real public cloud player? (18:23) At last, an e-mail where you can send nudes (and feedback, stock ideas, etc.) to the Stock Jocks! ([email protected]). Gordon is ready to provide your much needed feedback on that summer bod! Gordon would like it known he doesn't accept e-service from family court lawyers at this address!(19:41)  The main event: Nutanix, breakfast of champion investors, or Nutty floater in the bowl? Bruce, with a little help from George, explains what Hyperconverged Infrastructure (HCI) is and its benefits to managers and owners of IT infrastructure. (22:29)  Bruce title´s his bull case, “Mutanix”, cementing why he never became a comedy writer. Real talk about Teenage Mutant Ninja Turtle Michelangelo´s pioneering cannabis advocacy and his drunken attempts to find and fertilize April O´Neil´s egg nest. (Side note: April was clearly Bruce´s childhood, cartoon “Hauk Tau” girl…as evidenced by the “TMNT Boner Jams ´97” VHS tape on the bookshelf over his shoulder.)  (27:21) Three reasons Bruce thinks Nutanix is “inflecting”: 1) Massive dislocation from Broadcom´s ($AVGO) acquisition of VMWare; 2) Dell selling direct and Nutanix disaggregating its hypervisor for separate sale from its HCI offering; 3) strong forecasted growth for the HCI Market.(41:38) Gordon kicks off his deeply insightful Bear Case: “Nutanix: Bustin´a Nut!”  Featuring AI-generated cereal box art to help inspire Nutanix´s marketing department. (49:57) Reddit “Glory Hole” checks on Nutanix leave a burning sensation in Gordon´s investing “divining rod.” (51:56) Say it ain´t so, Northland! Nutanix catches a downgrade.  (59:11) Concluding thoughts, our “real” opinions. 

Send us Fan MailIn Episode 5 (recorded May 19, 2024), the Stock Jocks give their customary bull/bear treatment to recent IPO and data security specialist Rubrik ($RBRK). Bruce takes his turn as moderator as Gordon makes the case that the stock is just too cheap on the likely 30%+ growth, even accounting for a cash burn not entirely unlike Gordon’s on a number of wistfully remembered nights in Miami. George points to a host of metrics heading in the wrong direction, including sales force efficiency.(3:41) The return of Keith Gill (“Roaring Kitty”) and Gordon’s “colorful” analogy for trading “meme” stocks (like $GME and, arguably, $DJT)(7:46) Gordon has the dark realization that he trades like Tommy Tuberville; why does the senior senator from Alabama have long-dated puts on Lattice Semiconductor ($LSCC)?(9:54) Observations from software and cloud earnings season (mentions of Episode 3 topic $DOCN, $ORCL, $AMZN, $GOOGL, $MSFT) (12:29) Obligatory interest rate/inflation discussion (good time for a pee break) (14:53) GPT-40 and implications for customer service and sex robot industries(20:46) The Main Event: Rubrik. Gordon leads an overview of the company; “ Backup with Ransomware protection focused on Cloud”(40:36) Valuation deep dive(49:49) Introducing: the Just the Tips “Quant” Department (Nerds!)(1:05:30) George kicks off the Bear Case (1:09:13)  $RBRK’s “installed base” advantage vs. peers; is growth not as strong as advertised? (1:18:20) Why George think’s $RBRK’s S-1 “Subscription ARR Contribution Margin” is spurious. (1:21:02) George does some serious ‘rithmetic to highlight increasingly weak new customer ARR growth despite increasing spend.  Is $RBRK’s “new customer engine” broken?(1:39:24) Bruce declares a “winner” / “besties” give their “real” opinions.

Send us Fan MailIn Episode 4 (recorded 4/21/2024), we address a topic that is near and dear to Gordon’s heart: the master of yoga pants, Lululemon Athletica ($LULU).  As per our usual format, we give $LULU the bull/bear treatment, with Georgie (he started calling himself that - waiting for him to show up to the Pod with a diaper and bonnet…) tries to bull us up that $LULU can evangelize its magical booty-support/presentation technology to new corners of the globe on its path to becoming the next $NKE, while Brucie makes the case that $LULU a “Lemon”. Highlights:(1:09) Deep dive on Bruce’s obsession with Taylor Swift (man card: revoked!) (5:29) Bruce news drop intro is a baffling techno remix; $RBRK IPO (the subject of our next episode!)(6:38) Is $RBRK a storage company or a security company? (18:05) Georgie tees up the bull case for $LULU(26:03) Gordon inquires: do men really wear $LULU? (30:04) Gordon asserts: $LULU is best known for “booty optics” (making women’s (?) butt’s look good!); the Stock Jocks address the underlying fabric technology and sustainability of $LULU’s competitive advantage(50:32) Bruce aims to “dismantle” the bull case with the “bear” view: “$LULU is a lemon”(1:00:01) What are the right “comps” (comparable companies for valuation); does $LULU have a public peer? Is it $NKE?(1:07:35) $LULU is “losing on the Street, and losing in the Streets” (nice one, Brucie!)(1:10:40) Georgie nervously discusses his $LULU “wife channel check” and his observations of emerging brands (Aloe) supporting Silicon Valley booties in his area(1:15:21) Bruce unveils decidedly un-woke quotes from the $LULU founder and ex-CEO (cringe! Say it ain’t so, $LULU!)(1:17:29) Conclusions / “actual” views

Send us Fan MailIn our third episode, we take a walk on the “small cap” side and debate the “bull” vs “bear” side of DigitalOcean ($DOCN), which currently sits squarely in the “IPO Class of 2021” bargain bin. Should DigitalOcean be thrown back (next to Leprechaun 2, which besmirched the legacy of Jennifer Aniston’s Hollywood debut) or seize it furtively like you would “Weird Science” (or perhaps that’s just Gordon’s unhealthy wistfulness for 90’s Kelly LeBrock – Google it, you’ll thank Gordon later.) In our weekly news segment, we discuss whether the IPO “window” is about to open like Gordon’s wallet at a Miami “night ballet”, or whether Silicon Valley bankers should put off that third divorce.Highlights:(1:22) Bruce channels David Sacks (of All-In) and drops the Easter Bunny from a helicopter in Florida (4:02) Is the IPO window opening up? ($RDT, $ALAB)(7:41)  $RDT: The monetization opportunity for the “Glory Hole” of the Internet (15:03) The main event: $DOCN(26:39) Anatomy of a “bed-sh!tting”(51:08) Bruce short case: $DOCN is a “dead company walking” (53:54) Dude, where’s my NDR? (Net Dollar Retention)(1:04:22) Conclusions

Send us Fan MailIn our second episode, the Stock Jocks, George, Bruce and Gordon take a fresh look at Cloudflare, starting around (19:48).  Recording date: March 17, 2024 (St. Patty’s day!) In the news:(2:00) $SMCI: Goldman no likely, Gordon straps on some puts, and the WSJ Comment Section as a research tool(5:59) Revisiting $PANW, management sh!t-talking at $CRWD, $ZS(10:53) $ORCL and why George is dusting off this old gray mare of tech for the first time in years  (Also at 27:26 – What version of facelift technology is Larry Ellison sporting?)(14:36) $ADBEOn Cloudflare (19:48)(23:18 ) Stepsister porn and Gordon’s OnlyFans business model (29:03) Charting Elon Musk’s “Follicle Density” vs. $TSLA(29:57) What Jeff Bezos says to Elon when they are alone and the relative difficulty of muscle vs. hair growth (38:59) Are TAMs just total bullsh!t?(44:46) Bruce proclaims a “world class ass-whupping” by $NET(47:26) The GILF olympics: Biden, Trump and Hellen Mirren(1:02:19) George loses all credibility (NOT THE MAGIC QUADRANT!) and destroys a podcast sponsorship opportunity

Send us Fan MailIn our inaugural “Just the Tips” podcast (recorded 2/25/2024), three Wall Street and tech industry veterans (George, Gordon, and Bruce – “stage names” to protect the “innocent”) as they share their candid (and irreverent) takes on tech stocks. Periodically (as often as we can -- we have day jobs!) we will make the bear and bull case for a tech stock. Our first “victim” is Supermicro ($SMCI – “Super Duper Micro!”) In this episode, we address:The emotional rewards of losing money (generating “alpha”!) on shorts Palo Alto Networks ($PANW) and implications for their recent bed defecation NVDA blowout, the smell of Jensen Huang’s jacket, and implications for interest ratesWest Coast vs. East Coast Investing, FOMO and Momentum investingThe highly motivating impact of CEO packages designed to make the CEO filthy rich (the Hock Tan plan)How big will the Artificial Intelligence (AI) investment cycle be? Is it just for generating Podcast thumbnail graphics?Are “servers” a commodity – or not?