Rebels Edge · Tue, Jun 2, 2026
Jensen Huang Says This AI Stock Could Hit $1 TRILLION
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The hosts discuss strong corporate earnings, subdued volatility, and gains in AI infrastructure-related stocks. They highlight Marvell following a reported comment from Jensen Huang that it could become a trillion-dollar company, alongside bullish discussions of Hewlett Packard Enterprise, Lithium Americas, and Generac.
- The hosts credit strong earnings with supporting equities despite geopolitical uncertainty, while suggesting the VIX could fall below 16.
- Hewlett Packard Enterprise reportedly posted earnings of $0.79 versus $0.53 expected, with strong server revenue and bullish unusual options activity.
- Lithium Americas attracted bullish call-buying and put-selling; the hosts highlight its Thacker Pass project and roughly 37% monthly stock gain.
- Jensen Huang reportedly called Marvell a potential trillion-dollar company, helping drive a sharp rally tied to AI infrastructure demand.
- The hosts explain rolling profitable calls to higher strikes as a way to retain upside exposure while taking money off the table.
- Generac's rally is linked to data-center backup-power demand; the hosts express optimism but say they are watching for unusual options activity.
- Prediction-market volume growth draws praise, but the hosts favor stocks and options over prediction markets for assessing earnings expectations.
- The episode concludes with discussion of an NFL trade and the NHL's playoff schedule and audience.
Full transcript
Welcome back to the Rebel's Edge, where one of the biggest men in tech says that a certain company is about to become a trillion-dollar club member. You want to know what that stock is? Well, stay tuned to today's Rebel's Edge.
>> [music] [music] >> Bang.
>> [laughter] >> God, Pete, we were playing some golf at Liberty National for the Velocity fifth annual golf outing. And suffice it to say we didn't win it.
>> [laughter] >> Well, you you and I probably play less golf than about anybody in the our industry.
>> [laughter] >> We can hit it, we can get it around, and all that stuff, but it's might take a little bit of time. But, uh how did it go?
>> [laughter] >> Uh it was okay. It was a shamble.
Not a scramble, but a shamble. And a scramble, folks, is where, of course, you play best ball, everybody tees off, and then you hit it from wherever the best drive went. Um whether it's par three or par five, everybody goes up and drops their ball there. And so forth. A
shamble, everybody has to finish the whole on their own after that initial drop. So, for instance, Pete drives the ball 350 down the middle. We all get to go, well, I'm not even going to tee off.
I'm just going to walk up to Pete's and drop my ball, which you can do. Um but then, you play your own ball to the close, Pete. So, it's not a team thing.
You don't all putt from the same spot or anything else like you do in a scramble, where it's continuously best ball and everybody has to get in at least two drives and things like that. But, we had one birdie
um natural birdie.
Um I think I had two pars, Pete. Uh and I'm a 16 or more handicap. They only let you go up to 16.
>> [laughter] >> But, just like Pete, I can drive the ball and uh you know, that worked out pretty well on some holes. But, uh the guys that are really good, if you're in a foursome that you've got an A player and a B player instead of four D players like we [laughter] had.
It's But, it's fun. And gosh, uh Mike Logan and the team at Velocity, Pete, they couldn't have put on a better show.
They really couldn't. And it was 78 and sunny. You got the Statue of Liberty when you tee off on this one that's hence the name Liberty National. You're right against the statue, Pete, on the Jersey side. And then, you know, uh we just had a fabulous time. It was very, very fun.
>> Yeah.
>> of cool people. And uh yeah. In fact, Vinnie Viola's uh nephew, Pete, Danny Viola, who I've known for a while was there and I said, "We got to get together with Vinnie." >> [laughter] >> And he said, "Yeah, let's all go down and see a Panthers game." >> That is That would be fun.
>> It would. [laughter] All right. Let's dive right into macro, Pete. Uh macro today I'm going to say is that uh people are beginning to uh believe that Iran really is a paper tiger at this point, Pete, because, you know, they're talking tough. They don't want to
negotiate and the president hasn't pulled the trigger literally or figuratively yet. Yet.
But, um look at the markets. The markets don't care cuz they're like, "Oh, if you guys want to just get slaughtered again, line up." >> [laughter] >> So, that's my macro.
>> That is I think it's a great one. I'm just going to go right back to something that we've talked about for the last maybe three or four weeks as a possibility. Now, we've we've had other things right in front of us that we've gone with, but I'm just going to say, John, we continue to absolutely crush the earnings. And I know we're going to
be talking about the biggest and the baddest of of today, but I take a look over at, you know, Hewlett-Packard and I'm like, "Okay, well, that's what you do. If you want to crush it, these guys crushed it." And we're going to be talking about that, but that I think is still lifting up these markets in in a solid way and has been and that's why
when you're basically beaten on the top and the bottom at about a clip of 80 to 85%, I would say you're doing pretty well.
>> Yep. And because of that doing pretty well and a lot of people thinking we're going to beat that we're going to see earnings growth of maybe 24% for the S&P.
Wow.
Again, all the people who are short, they just keep telling me how overvalued the market is and they just keep getting hammered, hammered, hammered every day.
>> Yep. It's amazing.
>> What do you got for VIX?
>> You know what? It is in the tightest band I've seen in a little while, John.
You know, let's call it basically 16 to 1630 or something like that, but I think that the part that's the most interesting I think about about what we're seeing right now is that's even too high. I mean, once again, you take a look over at the S&P 500 and it's like, "Okay, at a 16, you're looking at well, you're probably going to be about 1%
move." And John's talked about the math of the whole thing. We're moving very, very little on the S&P, but it's positive. It's going to be probably about a quarter of a percent or so to the upside, but you know what? The possibilities of being somewhere into the 15s is probably pretty strong, John,
as we get get through the day. It's a possibility, we'll see.
>> Well, um I've got one for you, Pete, that I know you're going to like on Kalshi, um because this one is just one for the ages, folks. Now, I'm not saying that it's as big as the stock market, so please, you know, cuz some people, Pete, are are saying, "Well, you should pay attention to what people are saying on
Kalshi in terms of earnings or this or that." No, you shouldn't.
>> [laughter] >> I mean, you know, the whole of the crypto, the whole of the uh uh prediction markets are the pimple on the butt of an elephant when you look at them versus the $78 trillion stock market.
>> Yeah.
>> But, it doesn't mean you don't pay any attention to it. Just means that if you really thought that a particular stock was going to beat or miss or any stock market-related thing, you'd probably look at the options or the stock rather than Kalshi or Polymarket. However, take
a look at that chart, Pete. Um what they're saying there is it's up 2,500% the volume on there. I mean, look at it.
May, June, July, August, it started getting a little bit, and all of a sudden, boom, to the upside. Um 2,500% Yeah, that's pretty significant, I'd say. Um it's to a record 17 billion in May, but
again, you know, the opening print of Nvidia, Pete, is probably 17 billion.
>> [laughter] >> Well, and and I totally agree with you, John. I mean, you know, it it's it's smaller. We we get that whole thing.
But, I mean, you know, all you got to do is take a look at what that volume really looks like, and it looks pretty extraordinary, quite honestly. So, it's not comparable to the market itself, but certainly, you know, hats off to what what's going on and the growth that these guys have got. I mean, 2,500% is nothing to sneeze at. There's no doubt
about that. Pretty impressive. Very very impressive with Kelce.
>> Well, now let's take a look at the one you mentioned, Pete, Hewlett Packard Enterprise, because oh my.
Um somebody had a pretty nice bet on in this one, Pete, because did we have unusual activity, folks? Yeah, we had unusual activity. And there it is, Hewlett Packard Enterprise. I mean, it was a $36 stock, Pete, last week. Last
week. And then, um it ran, uh probably propelled by Dell as much as anything, Pete.
>> Yeah.
>> It ran to the upside, and as of yesterday's close, it was a $47 stock.
But then, it just kept going. And that uh unusual activity there tells you something about people believing that this thing um really is uh going to be at the core of anything that's AI-related. And they certainly reflect
that in the earnings and this huge monster move to the upside today.
>> It's their biggest beat in 8 years, John. That's pretty impressive. They're earning 79¢ versus 53. That's that's a butt-kicking right there. It's what we've been talking about day after day after day on this show that we do. And the revenue, same thing, by the way.
Absolutely destroyed it on the on the rev. The rev, by the way, the server revenue is about half or better than half of the entire revenue. It's absolutely incredible. These guys are doing everything right right now, and uh it's really really impressive. Like you were talking about, I mean, up 25%, up
27%, whatever. I mean, this thing looks a little bit or maybe a lot bit like Dell in terms of they crushed it. People are very excited about it and they think that it's not over with and these guys are part of that whole cloud world and the AI and you know, everything infrastructure.
Um, that's what they do and they're crushing it right now, John.
>> Well, tell you who else is crushing it, Pete.
Lithium America.
And it's a Canadian-based company though, folks. Canada-based lithium company. Now, I'm not putting Canadian mining down, not at all. But, I'm saying it's kind of funny that they call it Lithium Americas even though um, it's in Canada, but I guess they're
part of North America, Pete. So, they could slip by with that one. But, did we have unusual activity in this one? Yes, we did. We did. And that one has played out very nicely as well. I mean, look at that. It was uh, the end of April.
People were betting on a $5 stock that became 550 yesterday, Pete. And that's an outright bullish trade there, folks.
Because what they did, they being whoever the smart money was, we don't know. Um, they came in and bought the 550 calls and they sold uh, the five puts. So, that's a synthetic long position. Um, split strike because
it's five puts and 550 calls. But, nonetheless, that is straight out a bullish position. If the stock goes down, you lose on both of those bets.
Um, but the stock went up, so they're making money on both of those bets, Pete. And it was a good day to be in Lithium Americas.
>> Yeah, it it's it's a great part of the market anyway and then obviously these guys uh, did what they needed to do, John, when it got up there. You talked about this Thacker Pass project that they're doing, completion looking at about 2027, which um, apparently is something that people were pretty excited about the fact that that's when this will start to move
around a little bit. They also talked about how much cash they've got, 1.2 billion dollars worth, which includes some loans that they've got, but just an unbelievable move and that that chart just matches up perfectly to what I was going to say next, John, which is in the last month the stock's up what what?
37%? Something like that? So, not so bad. You know, people sometimes are like, well, it's a $5 stock or well, it's this. You know what? Don't listen to them. It It's still percentage-wise, it's still 37%. Doesn't really matter.
So, I like what they were able to accomplish and just take a look at what that just the start of June is looking like for these guys. Absolutely incredible. Absolutely incredible. But the entire last month the stock has had a really nice run.
>> Yeah, and your point is well taken, Pete, because again, uh would I rather make 37% on Nvidia or Micron or 37% on this? And my answer would be I don't care.
Um you know, if you put the same dollars in, folks, um now for instance, let's say that you're somebody who is willing to buy a thousand shares or a thousand share equivalent in options of Nvidia.
Well, you know, it's $200 stock, so that's 200 grand. But if you buy the options, you can probably buy, you know, next month's just out of the money call options and spend five grand. Well, if you spent five grand on a $5 stock, you own a lot of stock. And if you do it in
the options, you're going to own a ton of options on this that controls the upside. And again, do you care that you made 37% or 50% or 100%? No.
However you do it, it works. And doesn't matter if it's a $5 stock, $50 stock, or $200 stock. All right, one more for you, Pete. Marvell. Not Marvel, not Iron Man, not Doctor Doom, or any of that stuff.
Marvell. And Marvell is up almost 30% today. And yes, folks, they were buying calls in Marvell. And many of you might look at that and say, well, you know, that was a while ago. Yeah, and look where the stock was. 119, 120, something
like that. So, this is one of those where when Pete and I talk about you roll up, and you roll up, and you roll up, what does that mean? That means if you were in those calls, folks, and it's 120, then you uh take the profits off the table for that first trade, but as long as they still have the other one
out there, and it is still out there, what you do is you buy up to the 150s, and that thing goes in the money. And then you buy up to the 180s, and then that one goes in the money. As long as you're pulling money off the table, rolling is one of the ways where you make the most money, and you stay disciplined, because you're
constantly pulling money off the table.
Oh, now I'll roll it up to this. As long as that initial trade that got Pete or me into the trade, meaning that first unusual activity, you stick with it.
Doesn't matter that it happened back in April. The stock has more than doubled since April. And keep in mind, though, that Micron has tripled since April.
>> [laughter] >> Which is incredible, by the way. And by the way, uh you bring up Micron. Well, that became a trillion-dollar company, right? Well, when Jensen Huang decided to say, "You know what, guys? I think Marvell could be the next trillion-dollar stock." Well, that that kind of moves things around, and that's exactly what we're seeing from Marvell
with this move. A great 20-plus percent move to the upside. they're you know, Marvell is is is got that growth in demand for AI infrastructure and autonomous AI and all the rest of these things. So, he sees that and he makes that statement and I don't know, was there anything else that you saw John, but that that's
what I saw as far as like what was the catalyst of this move? And I think when Jensen speaks, people kind of listen to him for probably all the right reasons.
He knows exactly who's doing what and who's probably got the most potential out there. So, kudos to Marvell for having him >> [laughter] >> make that statement.
>> Yep. Well, um, you know, it was under 200 billion market cap when he's doing making that statement Pete uh over in Taipei uh where he's on stage and he says, "I think they're the next trillion-dollar company." Well, that's 5x folks. That's five times where it was
when he made that statement. Now, today's move moves it up, but it's still a far cry from being that trillion-dollar company. Um, so if you believe in his vision, you might want to have some out of the money calls in Marvell at some point.
You don't have to do it today, but you might want to keep an eye on it.
>> Yep. Yep.
>> All right, what about Generac Pete? This is one sadly that you and I know a thing or two about because um when you have storms folks, you need backup power supply. But it isn't just for people with storms anymore because you know who else needs power backup
Pete? Hyperscalers like Meta, like Google and so forth, like Microsoft. I mean, they need it and that's exactly why we're seeing this one jump as much as it's jumping today, a double-digit gain for Generac.
>> Yeah, they've really and you know, just take a look over for few weeks and so forth and I don't know, you know, this is one of those where it makes enough sense that if everything else continues, John, with the data centers and they continue to, you know, grow the way they have been, uh this has got to be something very, very good for the future for Generac. I mean, you know, you talked about the
hyperscalers uh with the data center operators and all the rest of it. I mean, these guys are the guys that are going to be the ones hopefully supplying enough of that power and consistently being able to do that with strong momentum. Uh I would think that this thing could potentially go a lot further. Now, am I doing something about that right now?
No. But, um it's it's now back in front of us and we can take a look. And uh as we scan for everything, if we start to see anything in Generac itself, John, on the unusual option side of things, this is one reason why you want to keep that in the back of your mind because we start seeing some of that, then people
are going to be telling us, "Hey, there's a possibility that this thing is for real going much, much higher than it is right now." And I think that could be a strong possibility.
>> Well, um it's certainly a huge move, Pete. And you know, you go all the way back, I think the last time it was this level was uh April of '22.
>> Wow. Then it came screaming down and got down below 100. But now, especially with this kind of demand, could it go back to those highs of 5 years ago, which was like $500?
>> Yeah, it could. Yeah, it could. Because uh again, they're not a one-trick pony.
It's not just for data centers. It's for people that need power and have outages.
>> Yeah. Which is pretty much everybody on the island of Puerto Rico.
>> [laughter] >> And parts of Florida at times.
>> Parts of Florida, too. All right. Uh let's do a little sports, Pete. And uh I I have uh at least one interesting uh sports video for you guys to see.
And this was a monster trade Pete, monster. And you talk about putting it all on the line.
Cronky, is that his name Pete? The guy that owns the the Rams or something like that. Basically must have just said, yep. I ain't getting any younger. Let's get that man in here and let's give up what we got to give up to get him. So, take a look and listen about the monster that the Rams just got.
>> The NFL just witnessed one of the craziest trades in years. And honestly, this trade may have changed two franchises overnight.
Myles Garrett is officially a Ram.
The Browns traded the reigning defensive player of the year to Los Angeles for Jared Verse, a 2027 first round pick, a 2028 second, and a [music] 2029 third.
Rams didn't just add a superstar. They added a monster.
Myles Garrett is coming off a record-breaking 23 sack season.
>> He's the best player in the NFL right now.
>> already has the NFL leaders in pass yards and pass touchdowns, Matthew Stafford.
Receptions, >> [music] >> Puka Nacua.
Receiving touchdowns, Davante Adams.
>> They're loaded.
>> Terrifying.
>> Vegas instantly made them Super Bowl favorites. And honestly, it makes sense.
The last time the Rams made an all-in move like this [music] with Stafford and Von Miller, they won the Super Bowl.
But here's the crazy part. The Browns may not have lost this trade.
Jared Verse is only 25, already a Pro Bowler and Defensive Rookie of the Year.
>> Yeah.
>> Cleveland also gets massive draft capital and cap flexibility after years of being trapped in the Deshaun Watson disaster. This trade feels like two teams going in completely different directions. The Rams are chasing a ring right now. The Browns are finally admitting the rebuild has begun.
>> I'll tell you what, that is that is so accurate in every way, John. I mean, one of them's going youth, right? I mean, with the draft picks that they're getting and a young guy who just basically came out not too long ago in verse, who's a hell of a football player. But, you've also got a guy who's an absolute first ballot going to go as
into the Hall of Fame. I mean, this is he's the best edge rusher in, you know, for the I don't know how many years of the last few years, but quite a few. And he's he's dominant and he's all those kind of things. You know what? It could be really beneficial to both of them, John, the way I look at it. I look at it as, you know what? You're getting a guy
who still looks like he can play for multiple years. I mean, he keeps himself in such great shape, it's incredible.
So, yes, he's older, I get it, but I still think he's got plenty of fuel in the tank. And And what he's been able to do as I mean, the guy The guy's a defensive player of the year last year.
Now, you put him up with a guy who's an offensive player of the year, and all of a sudden you've got a pretty damn good shot, like they said, now they're the number one pick to go to the Super Bowl.
So, you've got all that going on. And the Browns The Browns haven't done anything right in a really long time.
But, this does open things up a little bit for them, right? I mean, because now all of a sudden, they're getting a guy who kind of reminds them maybe a little bit, anyway, of of Garrett. So, that is that's a good thing. Then they get these draft capital that they're getting. That's going to be pretty strong. Do they go ever for a
quarterback? That's my big question, John. Because they still got a boatload of quarterbacks, but are any of them any good? And And the answer is I I don't know that we know, but no so far. You've got Deshaun Watson, Shedeur Sanders, Dylan Gabriel, and then they got the kid from Arkansas, who I think is an
absolute physical freak, you know, 6-6, two and a quarter, throw the ball everywhere and everything. He's a great, you know, he can run really well. The Tylan Green, these he's really an outstanding player. But, you know, you can see where he got drafted, which is pretty low, and you can understand that,
you know, that they think he might take some time. But, what they've got is, you know, the first rounder, the second rounder, and the third rounder over the next couple of years, that really could build them up. I think at some point they do have to address quarterback and figure it out, whether they've got one or they need to go out and get one, John, because
um this is a great opportunity for them.
And maybe they're going to use that first rounder for next year. That That's a strong possibility because I don't know, when I look at that quarterback lineup that they have got, I don't know that they've improved much uh from last year. So, I'll just leave it at that. What do you think of this trade? It's a big one.
>> Yeah, it is a big one. Um it's uh it definitely is let's win, baby. Just win, baby, you know, this is an Al Davis, if he was around and in his right mind, um he might have made a trade like this, Pete. And it's a right trade for Cleveland, too, quite frankly, because frees up some cap space. They
already had some. They already had nearly 19 million, I think, Pete, in cap space cap room, but this will free up a little more. I think they say about 8 million net when you take the dead money versus, you know, what they had already uh put on the books, but I think uh like you say,
for next year, um it really puts them in a great position, and it's a great quarterback draft next year. So, if the kid from Arkansas doesn't shine, and I don't expect Deshaun Watson to look like anything, Pete. I mean, you know, again, fire that GM, of course, that's did that
contract, but I I think overall, if the kid from Arkansas doesn't do it, they're in great position to get a quarterback next year.
Um and if he does do it, then they can spread it around a little bit and really get some positions that are going to help them out right now. So, this is good for the Rams short term, but he's only 30 years old, too.
>> Yeah.
>> So, he's going to still sign another contract cuz our friend Von Miller's 36 37 37. So, this kid's 30.
Um and like you said, unstoppable. So, great trade for both teams as long as you have that short-term focus like the Rams must have.
>> Yeah, they absolutely do. How about the NHL, John? I mean, the Stanley Cup playoffs, the ratings have been good.
Let's Let's give props to these guys.
They've really done well um this particular year, better than some previous years, but the one thing is so you got the Golden Knights and you got the Hurricanes, right? They're going head-to-head with each other and that that's going to kick off tonight. So, that's going to be a lot of fun for the for those the fans and everybody else.
My question to you is this.
Hockey in June.
Do you think that they're their season is long enough already? I mean, the number of games that they've got to play, how they fill it all in, John, and I'm just curious about this one because here it is June. I know you're out in New York, and you said it was like 80 yesterday, beautiful day. Here in Minnesota, 85, beautiful day, sunny. The
last thing I'm thinking about is hockey.
So, and I and I know there's people out there that are really into it, and obviously the ratings are good, but what do you think? I mean, is is there any way or should they have even toy with the idea of trying to figure this out because it just doesn't feel like it's hockey time, does it? I mean, [laughter] we're in June, for God's sakes.
>> Right. Well, um they're they're doing better at the live gate for sure Pete Uh because of probably the Olympics didn't hurt. You know, when you had back in February, you know, the USA beat Canada in that overtime game. That's something that you
know, really I think focused a lot of fans, but they're drawing like 23.1 million fans across all these games. So it averages 17,000 600.
Um, that's in person walking through the doors, not just sold tickets.
But I like it that they're they have to unfortunately Pete, they have to play all the way out here in June because the other leagues do. Um, I mean do they have to be playing because the NBA finals are right now?
They don't have to, but I I think in order to get the fans really revved up about it, it would have helped a little if Buffalo could have uh gotten away with the goal that was a goal instead of the
whistle blowing it dead in that game.
That would have been great because I think you'd see even bigger numbers Pete if that was the case cuz the Buffalo you know, Cinderella story if you will, that would have played out even better.
But you know, can't cry over spilled milk.
I think you just have to suck it up folks and realize that hockey just like it is played out in Las Vegas when it's 100° is going to be played when it feels more like summer than winter.
>> Same thing for the Hurricanes too, man.
I mean they're they're two warm weather.
It's like you know what? It is it's the interesting thing about how that actually stands out because you've got Las Vegas and then you got Florida, you got Tampa, you've got hurricanes out here. I mean, there's some folks out there. And you know what? They keep kind of kicking around the idea, John, of maybe maybe a team someday in Houston.
So, you know, who knows? But, if there is if expansion goes further, that's certainly one of the places that I think they're going to target. Should be pretty interesting.
>> Yeah. And I bet they'd have a decent fan base, too.
>> Yeah.
>> Um but, uh as far as the Dallas Stars, um right now the only team in Texas.
Um I I don't know what their numbers look like right now, Pete. But, Florida works because you get so many snowbirds, like Pete, that goes down there, you know, and and creates a residence in Florida for half the year. So, a lot of those people that go to the Tampa Bay Lightning or the Panthers are probably
snowbirds from the Northeast or the Midwest, depending which side of Florida you're in.
>> Yeah.
>> So, Yeah. You need the fan base, though. I don't think you can train a bunch of Friday night lights fans, Pete, for football to all of a sudden say, "Well, yeah. What are those guys doing? What are What's those things [laughter] on their feet?
What are those things?
And why are they running AROUND WITH STICKS?
>> [laughter] >> SO, FOR ALL OF MY Texas fans, >> [laughter] >> All right. Well, I got to jump on the jet, Pete. It's not our jet this time.
It's going to be Sheldon Adelson's old jet, folks, that we're going to be flying over to Monaco tonight. And we'll be putting up some content from there and hopefully the Rebel's Edge from Monaco tomorrow, Wednesday, and Thursday. So, make sure you tune in for that. And Pete, what time will it be on, even
though I'll be in a completely different time zone?
>> Well, we'll still go with 1:00 1:00 Eastern, but that's going to be a heck of a lot different than where you are.
>> [laughter] >> That's for sure.
>> It will.
Bang. Have a good one, everybody.
Transcript from the show's YouTube captions; automatic captions may contain errors. Educational content, not investment advice.