Tigress's Ivan Feinseth Talks AI, Tech Stock IPOs

Tigress's Feinseth: Fade the pure-play AI IPO hype; buy incumbents weaponizing AI. MSFT is the top pick—an underappreciated AI giant with real Copilot revenue. High conviction on GRMN ($325 PT) as a stealth AI health/wellness play. Expect a massive reception for the SpaceX IPO, a thematic 'faith' trade supercharged by compute power. He admits misses on INTC/ADBE, underscoring the dispersion in tech.

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Tigress's Ivan Feinseth Talks AI, Tech Stock IPOs | Bloomberg Talks

$NVDA; OpenAI; SpaceX

Introduces Ivan Feinseth as a tech expert and asks for his biggest mistake in tech.

Host (Paul)
Ivan Feinseth

I've been disappointed in Adobe; I was early on Nvidia; I've been wrong on Intel; I think Colby (AI creation platform) is underrecognized.

Colby is a powerful AI-driven creation platform that hasn't been recognized for its contribution to content development.
Asks Ivan to interpret upcoming AI IPOs like Anthropic and OpenAI.

Host (Paul)
Ivan Feinseth

My favorite AI is Perplexity; ChatGPT gives good data but needs time period quantification. There will be initial interest in AI IPOs, but they must perform. Microsoft is one of the best AI players not getting enough respect.

Microsoft has a powerful AI platform in Azure; Copilot is driving revenue and gaining subscriptions, especially with a shift to commercial users.
Mentions a headline: Microsoft up 1% on news that Anthropic will use Microsoft's AI chips.

Host (Paul)
Asks about the SpaceX IPO and how the market will approach its massive size.

Host (Paul)
Ivan Feinseth

There will be huge interest in SpaceX IPO; space is returning after 40 years, and AI/computing power will accelerate it. The IPO will be very well received despite its size.

People love space; the environment is more receptive now with AI advancements.
Questions how to value companies with long-term outlooks and seemingly nonsensical valuations, citing Tesla as an example.

Host (Paul)
Ivan Feinseth

It's about having faith in the future. If you like space, you should like Boeing.
Asks for Ivan's single best buy right now.

Host (Paul)
Ivan Feinseth

Big cap tech: Microsoft. Also, Garmin is a favorite with a $325 price target (currently ~$237), driven by AI-driven health and wellness.

Garmin is a play in many areas, especially health and wellness with AI functionality.
Asks if Ivan spoke to Bill Ackman about Microsoft; mentions Pershing Square's IPO.

Host (Paul)
Ivan Feinseth

I haven't spoken to Bill Ackman directly, but we were an underwriter for Pershing Square's closed-end fund IPO. Timing is perfect for Microsoft.

The fund launched during a pullback in tech stocks.

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