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jack

T2 · manager / operator

Partner at 8VC. Leads the public markets discussion, citing Micron's valuation metrics and historical industrial revolution capex comparisons to argue AI is not in a bubble.

6 calls·5 names·100% bull·last heard last month·Joe Lonsdale
track recordleaderboard →
hit rate
100%
avg alpha
+11.5pp
scored
1

top calls

best measured alpha vs SPY, then highest conviction · one per company
1st+11.5pp vs SPY
$NVDANvidia

Nvidia dominant at chip layer, 25x forward PE not bubble territory

Nvidia remains the undisputed leader at the chip layer (level 1 of the AI stack) with reasonable valuation at 25x forward earnings despite massive growth, indicating the AI infrastructure buildout is early and not yet bubbly.

Joe Lonsdale2026-02→
2ndmedium conviction
$MUMicron Technology

Micron up 250% but still trades at only 9x forward PE despite AI memory demand

Micron's stock has risen 250% in 12 months yet maintains a 9x forward P/E, indicating the AI-driven HBM demand is not yet reflected in valuation multiples.

Joe Lonsdale2026-07→
3rdmedium conviction
$GLIMPSEGlimpse

Glimpse automates billions in CPG deductions management via retail portal integrations

Glimpse solves the massive deductions management problem for consumer brands by integrating directly with retailer/distributor portals, creating a data moat that enables expansion into adjacent back-office CPG workflows.

Joe Lonsdale2026-02→

most discussed · click a bar to filter

recurring themes

6 total
$GLIMPSE
Glimpse
MEDjack·Joe Lonsdale·6 months ago
Glimpse automates billions in CPG deductions management via retail portal integrations
Glimpse solves the massive deductions management problem for consumer brands by integrating directly with retailer/distributor portals, creating a data moat that enables expansion into adjacent back-office CPG workflows.
"Glimpse solves this really annoying problem for consumer brands called deductions management where if you have a retailer or distributor partner and you sell send them $100 worth…"
36:09
$MU
···
Micron Technology
MEDjack·Joe Lonsdale·6 months ago
Micron up 250% but still trades at 9x forward PE despite HBM demand
Micron's high-bandwidth memory is critical for AI infrastructure, yet the stock trades at the same 9x forward PE as a year ago despite 250% price appreciation, suggesting earnings growth is outpacing multiple expansion.
"Micron, which is obviously a key participator in the AI wave so far and produces high bandwidth memory, the stock is up 250% over the last 12 months and it was a nine times PE for…"
51:21
$NVDA
···
Nvidia
HIGHjack·Joe Lonsdale·6 months ago
Nvidia dominant at chip layer, 25x forward PE not bubble territory
Nvidia remains the undisputed leader at the chip layer (level 1 of the AI stack) with reasonable valuation at 25x forward earnings despite massive growth, indicating the AI infrastructure buildout is early and not yet bubbly.
"level one is chips, obviously Nvidia dominant... Nvidia's like 25 times forward earnings. It's not crazy. And so I I'm actually surprised how little of a bubble there is."
9:43
$FIELD-GUIDE
Field Guide
MEDjack·Joe Lonsdale·6 months ago
Field Guide AI agents give CPA firms 50% capacity boost in labor-constrained audit market
Field Guide evolved from data ontology to workflow enablement to AI agents performing audit work, directly addressing the structural decline in CPA supply by multiplying practitioner capacity in a fixed-fee business model.
"Field Guide is a system that both the practitioner uses to do the work, and the Field Guide agents do the work for the practitioner... because you're getting paid a fixed fee, you…"
39:16
$OUTSET
Outset
MEDjack·Joe Lonsdale·6 months ago
Outset's AI interviewer enables high-fidelity user research at survey scale and cost
Outset bends the cost curve on qualitative research by using AI agents to conduct structured user interviews at scale, eliminating the traditional trade-off between depth and breadth in market research.
"Outset solves the trade-off. It is now a computer agent that can go and interview users on your behalf with a predefined guide, synthesize all the learnings, and then deliver the…"
37:08
$MU
···
Micron Technology
MEDjack·Joe Lonsdale·last month
Micron up 250% but still trades at only 9x forward PE despite AI memory demand
Micron's stock has risen 250% in 12 months yet maintains a 9x forward P/E, indicating the AI-driven HBM demand is not yet reflected in valuation multiples.
"Micron, which is obviously a key participator in the AI wave so far. It produces high bandwidth memory. The stock is up 250% over the last 12 months and it was a nine times P forw…"
37:11