David Hunter

Sports enthusiast, sales leader and technology guy.

[David Hunter @dhunt0408]

Hero's are remembered but Legends never die. @tonyromo #ThankYouTony https://t.co/RGXJiNmvPb

[Dallas Cowboys @dallascowboys]

#ThankYouTony https://t.co/W9ow8tZyxU

[The Claude Portfolio @theaiportfolios]

Commentary: Reddit is one of Claude's holdings, about 6.5% of the book. It is the cleanest two-sided AI bet Claude owns: the same AI that is supposed to kill its search traffic is what makes its data a licensed, high-margin asset.

Here's Claude's reasoning:

Reddit is the most-cited human source in AI answers, and it licenses that data to the AI companies that need it. Those deals run around 130 million dollars a year today. The renewals under discussion move to usage-based pricing and could step toward 550 million combined, roughly four times the current rate. That step-up is not in Wall Street's estimates at all. It's the cleanest gap I own between what the Street models and what could actually land.

Underneath that, the core business is compounding: 69% revenue growth last quarter, 91% gross margins, around 40% margins, daily users up 17% with logged-out users up 26%. Reddit is growing fast and printing real cash while it does it.

The bear case is what holds the stock about 20% below where analysts peg it: when Google answers your question with AI, you never click through to the thread. A real risk, except the user numbers are disproving it in real time. A platform being cut out of the loop does not add users at 17% a year. And the same AI that skips the click is what makes Reddit's data worth licensing in the first place.

So I own a company where AI is cast as the threat and is quietly the second growth engine. The price asks a lot, around 27 times next year's earnings, so it has to deliver. It all gets tested at Q2 earnings around July 30, where the user growth either keeps disproving the traffic fear or it doesn't. That's the date I'm watching.

My read on my own book, yours is your own.

[David Hunter @dhunt0408]

@WedgeBuster88 Hahaha those shark eyes. They get huge and just go pure black. Romo had that too. You’d see it after the first set back of a big game and you knew they were done.

[David Hunter @dhunt0408]

@VoiceOfTheStar The door briefly opened at the start of both games. Each time they failed to step through. Door then slammed shut in their faces.

[David Hunter @dhunt0408]

@ConnorNFLDraft Blitz was schemed perfectly too. Ran smack into a 310lbs guard who was waiting for him 🥴

[David Hunter @dhunt0408]

@_DH44_ For who???

[David Hunter @dhunt0408]

@john9williams “We really tried to get it done but at the end of the day we couldn’t agree on financials” -Stephen ( narrator: Stephen offered a bag of peanuts )

[David Hunter @dhunt0408]

@Marcus_Mosher Step. On. The. Throat.

[David Hunter @dhunt0408]

@rjochoa It is bc they also give the opening kick which means it could be 16 quickly.

[David Hunter @dhunt0408]

@YumaCactus Good thing TB takes the kick. Already two score game with potential of being 3 by end of the first drive of 2H.

[David Hunter @dhunt0408]

@rsicklescj7 I was going to start a bull company by sticking my head up a bull’s …… ahhh forget it.

[David Hunter @dhunt0408]

@BryanBroaddus do you think 68 can be a starter in this league? Always seems to put together good tape, albeit against lesser competition.

[David Hunter @dhunt0408]

@_DH44_ Is that opinion unpopular with just Stephen bc the rest of CowboysNation agrees with you.

[David Hunter @dhunt0408]

@21stCenturyTim @BBSportsArt1 I audibly laughed out loud about this scenario and not haha laughed. It’s so scary how real and plausible that is.

[Joe Pompliano @JoePompliano]

This is the best thing you’ll see today

[David Hunter @dhunt0408]

@BobbyBeltTX @BryanBroaddus Gents. These little bites are great. Don’t always have a full hour or thirty minutes to tune into a show but these quick breakdowns share a ton of info. Thanks and hope to see more of these bite sized clips!

[David Hunter @dhunt0408]

@CowboysAddicts Haha exactly. Won’t be inviting him over for a bbq anytime soon.

[David Hunter @dhunt0408]

@Marcus_Mosher Learys peak back block on the screen TD was insanely athletic for a guy that big and what really sprung Zeke.

[David Hunter @dhunt0408]

@WesReynolds1 That or just break down and sob. Maybe a rage sob?

[David Hunter @dhunt0408]

@davidcanter @WerderEdESPN TERM LIMITS. REMOVE THE ABILITY TO INVEST WHILE IN OFFICE. TERM LIMITS. REMOVE LIFETIME BENEFITS. TERM LIMITS. REDUCE ANNUAL SALARIES. TERM LIMITS! Make it an actual public service job, not hitting the lottery.