Mag 7 sell-off, Wiz rejects Google, UBI, Kamala in, China's nuclear buildout, Sacks responds to PG

If Wiz maintains its current high growth rate, its public market valuation (equity market cap) could reach roughly $100 billion, comparable to Palo Alto Networks, within approximately two years of this July 26, 2024 episode (i.e., by around mid-2026).

“if Wiz continues to grow at this rate, it's conceivable they could be in the range of a Palo Alto Networks $100 billion market cap in a couple of years.” View on YouTube

By fall 2024 (roughly September–November 2024), there will be a broad-based pattern of corporate revenue misses in earnings reports, indicating significant consumer weakness and a deteriorating consumer credit cycle in the U.S., making the economic environment during that period notably more difficult than in mid-2024.

“I think that when you see a broad based set of revenue misses that that will kind of mean that the consumer is really under pressure. I still think that that's more in the fall, but we're headed in that direction... And then the whole consumer cycle, the consumer credit cycle, that doesn't look good to be honest. And so I think the fall is going to be complicated.” View on YouTube

In the near term following Biden’s withdrawal in 2024, a large share of ‘anyone but Trump’ voters will quickly rally behind Kamala Harris, strengthening her polling performance.

“I do, however, think that pretty quickly. There's a lot of people who are anyone but Trump that are going to rally behind her, and she seems to be polling well in the polls that have come out in the last couple of days here.” View on YouTube

By 2050, total U.S. electricity generation capacity will approximately double from ~1 TW to ~2 TW. By 2050, China’s electricity generation capacity will increase to about 8.7 TW, with roughly 88% of its power coming from renewables. By 2060, about 18% of China’s total power generation will come from nuclear reactors, if current stated plans are executed.

“So today, the US has roughly one terawatt of total electricity production capacity... by 2050, the US is projected to build out an additional terawatt to getting us to two terawatts of capacity. So we're going to double our total electricity output by 2050. China, meanwhile, has a plan stated to increase electricity production to 8.7 terawatts, so basically tripling between now and 2050. 88% of their power by 2050 will be renewables. And by 2060 they've stated this goal, that they want about 18% of their overall power to come from nuclear reactors.” View on YouTube

China will continue its current nuclear buildout, from 26 reactors under construction toward a program targeting roughly 300 reactors and about 500 GW of nuclear capacity over the coming decades (by around mid‑century), consistent with current planning statements.

“They currently have 26 nuclear reactors in the construction phase. They've got planning going on around building 300 of these. and they've already got stated plans, around 500GW of capacity.” View on YouTube

As China expands renewables and nuclear power, its average retail electricity price will decline to below $0.06 per kWh in the future (by around 2050), remaining significantly below U.S. retail electricity prices.

“Just to give you a sense on the relative cost of electricity, China is about 7 to $0.09 a kilowatt hour. The US is 17 to $0.25 a kilowatt hour, and China is projected to drop their price to less than $0.06 due to the expansion of renewables and nuclear power in the country.” View on YouTube