Investor's Edge with Gary Kaltbaum - NVIDIA AGAIN [09.22.2025]
Episode Date: September 22, 2025website: https://garykaltbaum.com/garyk-radio/youtube: https://youtube.com/playlist?list=PLaXuKAateIQ7zkhkFxiLIbKa_j3b311_E&si=0Qg9kP6GWQflckF8...
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Investor's Edge with Gary Cultbaum.
Straight talk about you and your money.
Now from the BizTalk Studios, here is Gary Cultbaum.
And welcome once again to Investors Edge.
I'm Gary Coltbaum, your host.
Hey, thanks for being with us today.
Glad you here, ladies and gentlemen.
Happy that you are listening.
It is Monday, 22nd, September, 2025.
Hope you are having a good day.
Hope you are having a,
hope you had a good weekend.
And for those,
tomorrow is Rosh Hashanah,
leading it to Yom Kippur.
For those who celebrate,
happy, happy, happy, happy, happy, happy and healthy holiday.
Happy New Year.
To all who will celebrate,
Ladies and gentlemen, this is serious talk on everything that affects you.
We'll do the markets, the economy, your job, your industry, and everything that affects it.
And by the way, there's a lot of things affecting it.
As usual, I get more emails these days on other things because there's so many other things that are going on.
we'll do a little bit of that
and boy oh boy
I'm going to take somebody on today
you'll get the idea when I get there
and if you do not get this radio show in your city
we'll post it at garyk.com
it'll also be on our X feed
and if you don't follow us on X
you should just put our name in
if you'd like to email us just be nice
and again
very important
if you don't get this radio show
in your city again
Gary K.com, Biz TV YouTube channel, a bunch of podcast apps.
And we've got a few other things up our sleeve as we move forward, ladies and gentlemen.
Okay.
And if you email me, just be nice.
If you like Hamas, don't email me.
I want to get right into it.
So we have posed the question in the market.
on whether we're going to get some sort of 1999 move in the artificial intelligence space,
that some of the things that have been going on are reminding me of way back then.
I wrote to my peeps this weekend about it.
I added up, and by the way, none of this is about you buying, selling, shorting, or covering.
none of this is about bearishness or bullishness.
We're just stating some things,
and we just want to keep it in our file manager.
So I have said to you a bazillion times throughout the years,
be careful.
Be careful of no sales companies,
because when it's all said and done and the music stops,
they all crash.
But in the meantime, they can go much higher.
And recently and to today, nuclear stocks, drones, robotaxis, quantum computing.
There is a craplode of companies that have no sales.
Some of them have been published.
trading for 20 years with no sales, yet their stocks have lit up like a pinball machine as of recent.
And I added it up this weekend, and when I say I added it up, believe me, I did not touch the surface.
but I pretty much counted $50 billion of market cap in these areas with no sales.
Now let me repeat that again.
No sales.
I'm looking at one right now that says engages in the development and commercialization of next generation nuclear fuel technology.
terrific. It has been public and we are not making this up. Since 2000, 25 years of no sales and it's been able to stay a public company in business. They still have no sales. They're still losing money and in the last two days the stock has gone from 15 to 20. A year ago it was three. No, not kidding. The high of it all.
Time was 4,000.
No, no, no, we're really not kidding.
They must have done a bazillion reverse stock splits.
So we're just letting you know it's still going on.
Today, I saw some of these nuclear stocks, one of the strongest ones, open up down 13 or 14, finished up five.
No sales.
But they say they're going to and they probably will.
but as I look at it
it has a
$21 billion market cap
$21 billion
and I can go on and on
we're just letting you know
a lot of things
that we are seeing right now
remind me of $99
buy at any price
because it's on the move
and make it
I know some very good
O'Neill type, fundamental type people that are on social media touting no sales companies
when they would never do that, getting caught up in.
And let me repeat, they're probably going higher.
You never know where they stop.
We're just letting you know, just keep it in your file manager,
because when the music stops, by precedent, if nothing changes, remember those words, if nothing changes,
they're all going to crash. And I mean crash, 90s. So just letting you know. And again, they look higher.
I'm seeing some drone stocks, drones. I am seeing.
Let's see.
Here's one.
Quantum Computing.
A $8.2 billion market cap.
The stock just went from 18 to 28 in the last five days.
It was 72 cents a year ago.
They have no sales.
Buy at any price.
8.2 billion dollar market cap.
Again, where?
not here to rip on the companies, I'm sure they're all trying to become great. We're just letting
you know, always eventually, always eventually, always eventually, always eventually,
valuations are going to matter. And we're letting you know it's getting, what's the word,
it's getting more frothy
I'm seeing dollar stocks in the last week go to three
no I'm not mentioning you'll have to find them yourself
I do not want to be responsible I just wanted to start with that
but on the other end of the spectrum
have you ever heard of Metcera
I haven't it was an $18
IPO in February
they were bought out today at a 60%
sent move today, they were bought out by Pfizer.
They have no sales.
Pfizer is buying them, I think, for about $6 billion with no sales.
Obviously, they're making a bet that whatever they do is going to work out very good.
By the way, there was a 10 million share short position in that stock going into today.
In other words, whoever short drank a lot of tequila today because they lost their butts.
So again, again, we've seen no-sale stocks fly.
We've told you we've seen a bunch of no-sales biotechs bought out throughout the years.
We just want to make sure you know from our studies of history,
we're starting to see some pretty damn good froth
by the way MTSR being bought out for 4750 per share in cash
but the stock closed at 53 huh oh there's some things tied to it also
anyway that's the skinny on that up next NVIDIA news Apple stuff
I'm Gary. This is the one only Investors Edge.
Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge.
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Hello, hello, I'm Malcolm Gladwell, host of Smart Talks with IBM.
I recently spoke with IBM's new director of research, Jake Mbata.
We discussed his vision for the future of quantum computing.
At IBM research, what we always do is answer what is the future of computing,
whether it's coming up with new algorithms, coming up with better AI,
coming up with quantum, or coming up with just,
just how do different accelerators go together.
It's our DNA to answer the question of what is the future.
Isn't it a perfect problem for IBM
because you kind of need to have a legacy of building stuff?
Yes.
Building actual physical machines.
Yeah, it's why I came to IBM.
I wanted the experience, the culture of building hard things
that others have not done before.
Where do you imagine we are in the timeline of this technology?
There will come a point when it will mature.
Right?
My cell phone is a mature technology at this point.
How far are we from that point with Quantum?
By 2029, we'll build the first fault-tolerant quantum computer.
That is one that can run a very, very large, large problem.
To learn how IBM is building the future of computing, visit IBM.com slash quantum.
Hey, it's Ryan Seacrest for Albertsons and Safeway.
It's stockup savings time.
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It's time to switch on the integrator units and get the brain cells working.
You're listening to.
Hey, this promises to be fun.
Investors Edge.
The last bastion of quality programming.
With Gary Coltbaum.
It doesn't get better.
Okay, so earlier today, market had a decent tone.
Nothing spectacular.
The Dow finished up 66 today.
At 1202 came across my little thing of a bob here.
Nvidia and Open AI announced a letter of intent for a landmark strategic partnership.
And I'm going to read it to you, but I don't have a comment.
clue what the hell it means.
To deploy at least 10 gigawatts of Nvidia's systems for OpenAI's next generation
AI infrastructure to train and run its next generation of models on the path to deploying
superintelligence.
To support the partnership, Nvidia intends to invest 100 billion in Open AI progressively
as each gigawatt is deployed.
Well, maybe it's me, but it sounds like that
Nvidia is going to give OpenAI billions to buy Nvidia chips.
I could be wrong, but that's what it sound like.
Here's what juiced Nvidia stock.
The CEO, Jen Sing Wong, tells CNBC that today's news
is additive to everything in terms of guidance it is given already.
Additive. On top of.
So, Invidia, which has been dormant since earnings,
and I just been sitting there watch it.
Boom, just popped up.
Finished up $6.70 today, which is a good move for Nvidia.
I gather my good buddy Gil Morales,
would call this a pocket pivot with volume, a move through 180, well, a move through today's highs,
which was a little bit above a few weeks ago's highs, and it goes higher.
Duh.
And what did that do?
I can tell you that.
Here's symbols.
C-E-G, G-E-V-V-S-T, E-M-E-F-I-X, A-G-G-E-E-F-I-X, A-G-E-G-E-E-E-E-F-I-X, A-E-E-E,
GX, V-R-T, N-B-I-S, and it's enough.
These are all kind of the data center building construction of the data center.
Energy type stuff, stocks, all had good moves today, and I will tell you, it is news-driven, but I will tell you, it really looks set up for higher prices going forward.
I wish the move was not on any news, but it was.
So just letting you know.
Those symbols, we're not telling you to buy, sell short a cover.
We're just letting you know the very good setups.
And if NVIDIA can bust above range, it's gone higher.
Next, Apple.
Well, I must tell you, I must admit something.
I love admitting things of my foibles.
Notice the big words.
On Friday, Apple made this technical move that I should have bought, but I didn't.
It was up another 11 today.
It is being announced or the thought process and Apple's not arguing.
Apple
their new phone
looks like
there's some strong demand
for the latest iPhone.
So not only Apple on the move, but
some of the suppliers also.
By the way, Taiwan semi-big
one of those. Cirrus Logic,
Corvo, and
some of those names.
So that helped the NASDAQ also.
And let me just give you a little
technical picture of Apple.
It broke above the 241 and change on Friday, broke above the 250 back from February, and the old high was 260.
I can never guarantee or ever promise anything here.
I will say this.
It feels like it's going to take out that 260 also.
Very high volume Friday and today.
Just letting you know.
Also juiced off of the AI.
Oracle. Remember that
gaped up big time?
I think on Friday I said to it
looked like it did some defense.
You have to pull him back from the gap.
Up 19
bucks today to 327
with volume.
So definitive
buying in that space. What else?
Tesla.
So
in case you didn't know,
they had
the
Charlie Kirk Memorial in Arizona yesterday.
And Elon Musk was sitting with the president.
And I will tell you that there are people out there saying they hired people that
read lips and they were saying to each other nice things and good that you're here.
I missed you.
so Tesla's up nine bucks today
but you know Tesla broke above range at 360
it's 435 the old highs is 488
probably go in there with their crappy numbers
and why would it go there
robotaxies what do we say before
robotaxies drones
quantum computing
nuclear
so
Tesla on the move also
and if Tesla and Apple and
and viti are on the move.
Well, the NASDAQ up 157 today.
Need I say more?
And then also the semiconductor.
Strong move in those equipment makers again.
Applied materials, lamb research, KLAC, ASML Holdings.
And Terradine, I didn't see any news today, but, oh, it got upgraded today.
That was up a juicy 10%.
And that's been a weaker name.
So the semiconductors, again, strong.
Again.
Nice.
The big indices, good day.
And then gold.
We bought the 300, we bought the 18 week breakout.
We were talking to you about it every single day on when it broke out.
We told you about it.
The breakout was 318.
We bought it.
We thought it was going to break out.
We paid 3.14 and change.
And we were going to buy more moving above 318.
And on that Tuesday, they gapped it up so we didn't.
It's 345 already.
A few weeks.
The gold miners and Fuego.
So big bull market going on in gold here.
In spite of the fact, the many are now talking about it.
So good day.
Except these following areas.
Up next.
On this, the one only investor's edge.
Hello, hello, I'm Malcolm Gladwell,
host of Smart Talks with IBM.
I recently spoke with IBM's new director of research,
Jake Mbata.
We discussed his vision for the future of quantum computing.
At IBM research, what we always do is answer
what is the future of computing,
whether it's coming up with new algorithms,
coming up with better AI,
coming up with quantum,
or coming up with just how do different,
different accelerators go together. It's our DNA to answer the question of what is the future.
Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff?
Yes.
Building actual physical machines.
Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things
that others have not done before.
Where do you imagine we are in the timeline of this technology? There will come a point.
when it will mature.
Right?
My cell phone is a mature technology at this point.
How far are we from that point with quantum?
By 2029, we'll build the first fault-tolerant quantum computer.
That is one that can run a very, very large, large problem.
To learn how IBM is building the future of computing, visit IBM.com slash quantum.
Hey, it's Ryan Seacrest for Albertsons and Safeway.
It's stockup savings time now through March 35.
First, spring in for storewide deals and earn four times of points.
Look for in-store tags to earn on eligible items from Celsius, body armor,
ORAIDA, silk, Capri-San, Bavarian Meets, and Charmin.
Then clip the offer in the app for automatic event-long savings.
Stack up those rewards to save even more.
Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick-up
or delivery.
Restrictions apply.
See website for full terms and conditions.
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I'm listening to... America is talking.
Investors Edge.
He's got to be pleased with that.
The crowd is just on his feet here.
He's a Cinderella boy.
With Gary Colbomb.
It comes highly recommended.
You're going to feel better if you talk to him.
And welcome once again to Investors Edge.
In late breaking news.
Hey, Jimmy Kimmel's going to be back on the air tomorrow night.
Yay.
What happened to this world, by the way?
All these stupid things matter.
I couldn't give a crap.
So ABC's putting him back on good.
Terrific.
Hope he does well.
He should just have a show on MSNBC though because all he does is rip the Republicans.
But whatever.
By the way, I had mentioned the Charlie Kirk thing.
And as I said, I never met him, don't know anything about him.
I used to see him on TV every now and then about, I think, eight, nine months ago.
I saw, I was on Instagram because.
on Instagram you know what I look for. I look for Bobby Flee and other people that cook and
workouts. And it just so happened that one of his videos came up where he's in a tent and he's
debating students. And I had no idea he was doing that. I had an idea what turning point was.
Anyway, I loved the videos. And believe me, I disagreed with half the things he had to say.
easily half the things.
But I loved the conservative part of him, the good conservative part.
But there's some things, let me put it better.
There's certain things I don't think any, what's the necessity?
If you're conservative, he's supposed to live and let live, right?
Why comment on every person, every type, every, you know, you get my point.
Anyway, I love the debates.
They were, you know, three or four minutes long they showed.
And they had some duffuses come up.
They had some other people come up curses, live in hell out of the guy.
And he just sat there with a smile on his face.
But I loved the interactions.
And we should have more of that.
That's why I say on this show, email me just be nice,
because I'm going to respect you back unless you like Hamas.
So I thought it was terrific.
I wish more people do it.
And of course, you know, some stupid, cowardly piece of crap murdered him.
So I'm on an airplane flying back.
And, you know, I'm watching football and switching back and forth.
And then his wife came on.
And I broke down in tears at my seat watching this young lady
forgive the murderer.
I broke down.
I couldn't believe it.
I wouldn't forgive him.
In fact, if I was in the courtroom, I'd jump over the table.
And kick as you know what.
But I just thought that that was one of the more powerful things,
powerful moments I've seen the very long time.
Powerful.
imagine
imagine
some piece of crap
person
did that
and you forgive him
anyway
just letting you know
just letting you know
we segue again
other stuff
we want to remind you about the hot IPOs
do you know Stubhub just came public
it was a
$23.5 dollar deal
they opened it up at this is three or four days ago
they opened it up at
$27.89
it's $17.40 now
just letting you know
at this price it's a $6.5 billion
market cap
and it's showing they lose money
three out of the last four quarters
so
our little theme on be careful of hot IPOs continues.
This being the latest.
What we have stated to you is they've been opening these initial public offerings hot
and they're just crumbling.
And this is the latest.
We hope you have listened.
We're watching other IPOs come out and we'll let you know if that changes.
we're also noticing
a lot of the IPOs that are coming out
are money losers
they lose money
if they continue to lose money
when we go into another bare market
they will all crash also
based on precedent
we'll keep you advised
and also of course
we'll let you know if the market gets in big trouble
How's that?
But Stubhub is the latest.
That's all I can tell you.
Quite interesting.
27 and change down to 17.
By the way, in four days.
So the people who did that deal are probably getting to talking to.
But they don't care as long as they get the deal done.
They get their big fees and everybody's happy camper.
Yay.
So going into tomorrow, we're going to be watching these AI,
setups, starting with NVIDIA, which I was hoping to stay dormant for a while.
The data centers, the constructor of data centers, the energy of them, they're all setting up
right now for a further move as quite the few popped off the 50-day moving average today
like a trooper.
Now, I did want to repeat on the NVIDIA.
Back in 99, you had a bunch of this.
Just so you know.
You know what that is.
You cut deals.
You give a bunch of money to somebody
or lend a bunch of money to somebody
and they buy your stuff.
They call it vendor financing,
if I do recall.
We're going to do some investigating on that.
Something you really don't want to see.
But for today, pretty darn good day.
One of the bad ones today is meta.
Got hit for a little bit in that TikTok.
Some deal is cut and I guess Oracle's going to be part of it
and this was going to be part of it and that's going to be part of it.
And the algorithm will stay here so China couldn't do this and do that.
They were never.
I even said this on TV.
Friday. There's no way in hell any politicians getting rid of TikTok. There are so many businesses on there and a lot of young voters. I mentioned earlier, housing stocks, another bad day because interest rates ticked up a little bit more. I have to tell you, a lot of retail stocks act like the south end of a northbound jackass. I have to tell you, I believe I mentioned recently, I thought some of the travel related was getting in trouble.
they're topping them out
I notice Hilton
is topped out
I notice Hyatt is topped out
I notice Marriott
topping out I notice
let's see is it Alaska Air
Alaska Air
Topped out
How's
Sky West
Topped out
How's the big ones
United still looks okay
Delta
Little topped out
An American topped out.
So some of these travel-related and a reminder on food and beverage.
Bear market.
We've been warning you about the food and beverage.
And now tobacco is getting hit too.
These are the consumer staple areas.
And if you go look at something called XLP, that's the ETF for Staples.
not good
up next
whatever else we have in store
oh and NBC
yeah
NBC
NBC
hello I'm Malcolm Gladwell
host of the podcast Smart Talks with IBM
I recently sat down with
IBM's chairman and CEO
Arvin Krishna
and I asked him
how can companies use AI
to its fullest potential
to create smarter business
my one advice to that
Pick areas you can scale.
Don't pick the shiny little toys on the side.
For example.
If anybody has more than 10% of what they had for customer service 10 years ago,
they're already five years behind it.
If anybody is not using AI to make their developers who write software 30% more productive today,
with the goal of being 70% more productive,
Yeah. Wow.
So we are not asking our clients to be the first experiment on it.
We say you can leverage what we did.
We're happy to bring out all our learnings, including what needs to change in the process,
because the biggest change is not technology,
is getting people to accept that there's a different way to do things.
To listen to the full conversation, visit IBM.com slash smart talks.
Hey, it's Ryan Seacrest for Albertsons and Safeway.
It's stockup savings time now through March.
31. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on
eligible items from Celsius, Body Armor, ORA-Ida, Silk, Capri-Sung, Bavarian Meets, and Charmin. Then
clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more.
Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go-pick-up
or delivery. Restrictions apply. See website for full terms and conditions.
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You're listening to.
What are we waiting for?
Well, what are you waiting for?
By the way, ready, go.
In the Gester's Edge with Gary Kulpaw.
By the way, the next time I tell you, something is an 18-week, tight, range-bound action, and then it breaks out, go look at it.
The GLD has gone from 318 to 345, 1, 2, 3, 3 weeks.
The gold miners, I mean, holy crap.
Breakout was at 55 bucks.
One, two, three, four, five, six weeks ago.
55 to 74 gold miners.
And the clue was they broke out while the gold was sitting.
And as we have said to you, miners leading is usually bullish scenario.
Now I'm asked a thousand times right now, is it a worrisome sign what gold is doing?
Here's my answer.
So far, no.
But watch the 10-year yield.
Do you know ever since the Fed lowered rates?
We've not had a down day on yields?
Interesting.
things.
Ladies and gentlemen, we love doing other things here.
We do lots of the market, lots of the economy, and if we have to do full markets, we do that also.
But there's so much crap going on, we just have to, we like warning you.
As you know, we're in nobody's tank.
We're not Republican.
We're not Democrat.
We're not Whig Party.
We're none of that.
We're tired of all of them, but we're really tired of the media.
Let me explain what they did today.
And we say this because we just want you to remember,
because a lot of people get their information from these people,
and they believe it's, in my world, the Emmis, the truth.
But they're a horror show these days.
Let me explain one thing that happened this morning,
the Today Show.
It's a, you know, they do some news and then they bring on celebrities and then they have a food part and all that stuff.
But they did a story today in a man walked into a wedding, a country club, and shot the place up, killed somebody in New Hampshire.
The local news interviewed an eyewitness that explained that the man, the murderer, yelled out free Palestine.
The Today Show reporter played the interview and cut it off before the person who was interviewed said that the man yelled out free Palestine.
The reporter never mentioned the Free Palestine part.
We just want you to remember these little things.
We are nothing more than their marks if we let them.
They don't care about us.
They lie all the time only because they do take sides.
It would not have fit their template.
it if they were reported the Free Palestine.
They actually cut the interview off because I don't need to go further.
We just want you to remember this going forward.
We want you to remember when 10 million people were allowed in on purpose, they never reported it.
Never reported on Biden.
And six months before the election, when the poll numbers for Biden were worse than
Root Canal and Jockich on immigration, Biden had to pivot, and he got the media to go on
and interview Biden people and blame the Republicans for the 10 million people coming in,
even though for the four years Biden had said, the border is secure. Everything's fine.
And then when things got out of hand said, there's nothing I can do about it.
the media covered it they covered hunter biden total corruption total corruption of the family we want you to remember this we want you to remember the climate scam has anybody ever asked al gore how 20 some odd years ago he said we had 10 years or else even though the earth was 4.5 billion years old had do you think anybody has asked him
how he's worth $200 million and how do he make it?
You think they did?
You think they're going to?
No.
They take sides.
And we're not talking opinion, people.
We're talking the anchors and reporters.
The people that are supposed to just report the news,
not make up the news.
So here we have it again,
where they had to go in their little production,
meeting this morning, and they were told to cut the part of the interview where the guy said
the murderer yelled out free Palestine, and they told the reporter, do not bring that up.
We just want you to remember this as we roll forward, because they don't care about you.
We do.
And all we ever ask for is the freaking truth, just the freak.
truth. That's all we want. Nothing more, nothing less. That's why we call out Trump. That's why we called
out Biden. That's why we called out Obama. That's why we called out Bush. Because we don't care
about anybody. We just want good policy and the truth. What a concept, huh? Hey, you'll have a great
evening drive carefully. Let's see if Nvidia can bust out tomorrow. That would be pretty darn good going
forward, when you get home, do like we do, quite simple. Make sure you hug your family. Make
sure you hug your children. They will feel better. You'll feel better. I promise they will be well.
Really appreciate you listening. Good night, all. Bye-bye.
This has been Investor's Edge with Gary Cult Bomb on BizTalk. To listen to past episodes or to get
in contact with Gary, go to GaryK.com. That's GaryK.com.
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