Investors / stance tracking
What Malcolm Ethridge is saying
FollowFollowingUnfollowWealth advisor & CNBC contributor
21 dated public stances tracked since 2025-11-18, most recently 2026-10-22. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.
The stances below are c8alpha's editorial distillation of Malcolm Ethridge's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Malcolm Ethridge is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
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21
tracked stances
18
themes
0
side flips
2026-10-22
last heard
Returns 90d -8.5% 0% correct · 5 calls
Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances. “% correct” is the share of those scored calls whose direction-aware return was positive at the horizon — in a rising market a bullish call is correct by default, so read it beside the market, not alone.
Scored calls
Every tracked call with at least one matured horizon: the rows behind the Returns line above. A dash is a horizon that has not matured yet.
| Date | Name | Call | 90d | 180d | 1y |
|---|---|---|---|---|---|
| 2026-07-03 | GOOGL | bullish | -7.6% | — | — |
| 2026-05-21 | NVDA | bullish | -0.8% | — | — |
| 2026-01-21 | IBM | bullish | -13.6% | -27.5% | — |
| 2026-01-02 | V | bullish | -13.0% | +1.7% | — |
| 2026-01-02 | AMZN | bullish | -7.4% | +6.7% | — |
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|---|---|---|---|
| NVDA | 2 | 1 bullish / 1 neutral | 2026-05-21 | |
| AI APPLICATION LAYER / SOFTWARE COMPANIES | 1 | 1 bullish | 2026-10-15 | |
| AI SOFTWARE BENEFICIARIES | 1 | 1 bullish | 2026-10-15 | |
| AMZN | 1 | 1 bullish | 2026-01-02 | |
| CEREBRAS | 1 | 1 bullish | 2026-10-22 | |
| CRBS | 1 | 1 bullish | 2026-10-22 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2026-10-22
CEREBRAS
bullish
CNBC (uncut) · uncut_tv
Down 71% from its high and 37% in a single month on fears around customer concentration with OpenAI, but Cerebras has proven its chip architecture solves data-center latency — a critical bottleneck for agentic-AI governance systems and autonomous…
“this is setting up to be an opportunity... Cerribus has already proven itself to help solve the latency problem”
CNBC uncut 2026-10-22 12:12 ET (5 min)
2026-10-22
CRBS
bullish
CNBC (uncut) · uncut_tv
Cerebras has proven its ability to solve data-center latency and is gaining traction in agentic AI and cybersecurity workloads, with CrowdStrike as an anchor partner and room to add more, while the stock is down 71% from its high offering a meaningful…
“this is me making a bet that this company that's been beaten down a lot has an opportunity to turn the corner”
CNBC uncut 2026-10-22 12:17 ET (5 min)
Market has zero tolerance for hyperscalers going cashflow negative, and the unexplained early earnings call introduces an unknown risk that overwhelms the bull case on near-term sentiment
“there's a zero tolerance policy for companies, hyperscaler companies, going cashflow negative”
CNBC uncut 2026-10-22 12:07 ET (5 min)
2026-10-16
long NVDA / long AMD / long ASML / long TSM
basket
CNBC (uncut) · uncut_tv
Capital flows and purchase orders concentrate in the four supply-chain-critical semiconductor names where commitments are last to be cancelled even if AI spending comes under pressure, making them the only 'safe' way to stay exposed to the chip cycle
“ASML, Taiwan Semic, AMD, and NVIDIA — all of the real traffic is going to flow through all those names”
CNBC uncut 2026-10-16 12:01 ET (30 min)
2026-10-16
long GS / long MS / long BANKS
basket
CNBC (uncut) · uncut_tv
Diversified Wall Street banks deploying AI across hundreds of internal projects will generate compounding efficiency gains and margin improvement over five years that the market is missing by fixating solely on net interest margin headwinds
“I added to all three that I just mentioned as recently as last week, once we got to a place where they were 10 percent sold down or more”
CNBC uncut 2026-10-16 12:01 ET (30 min)
ServiceNow leaning into agentic AI governance with new AI passport tool positions it as enterprise AI infrastructure; multiple analyst ratings upgrades and price target increases validate the thesis.
“I'm encouraged by the way this company is leaning into agentic governance with the new AI passport tool”
CNBC uncut 2026-10-16 12:31 ET (30 min)
Semis have sold off sharply but sentiment headwinds from AI debt fears and big-tech earnings guidance risk mean the sector could get cheaper still, arguing for holding existing positions rather than adding aggressively now
“I'm not sure I'm as enthusiastic to rush into it just yet. I think they may get a little bit cheaper”
AI debt fears fuel tech volatility: The Investment Committee's strategy
2026-10-15
AI SOFTWARE BENEFICIARIES
bullish
CNBC (uncut) · uncut_tv
Companies beneath the hyperscalers that will weaponize AI to do more with less represent the second leg of the AI revolution, with software being the most direct link
“I'm thinking software, obviously. That's a very direct link.”
CNBC uncut 2026-10-15 12:01 ET (30 min)
Rising enterprise cyber spending — exemplified by BofA allocating hundreds of millions in six months to address vulnerabilities — benefits CrowdStrike as a leading cybersecurity platform
CNBC uncut 2026-10-15 12:31 ET (30 min)
Said again: 2026-10-15 (CNBC Halftime Final Trades)
2026-10-15
AI APPLICATION LAYER / SOFTWARE COMPANIES
bullish
CNBC Halftime Committee · video
Software and enterprise companies that weaponize AI to generate large efficiency savings will drive the second leg of the AI revolution as value shifts from infrastructure build-out to deployment productivity
“they're going to figure out ways to do a lot more with a lot less”
The AI trade in focus: Altimeter's Brad Gerstner joins 'Halftime Report' live in San Francisco
2026-10-15
SOFTWARE STOCKS / AI APPLICATION LAYER
bullish
CNBC Halftime Final Trades · video
Software companies that weaponize AI to do more with less — rather than just building AI infrastructure — represent the second leg of the AI revolution, evidenced by bank-scale deployments generating hundreds of millions in savings and creating durable…
“They're the companies that are really going to weaponize the AI technology... that is what's going to drive the second leg of the AI revolution.”
JOSH BROWN'S AI WARNING — What the Charts Really Show (10/15)
Hyperscaler AI spending commitments are flowing into second- and third-order beneficiaries like industrials, HVAC, and heavy equipment companies, extending the durable AI trade well beyond mega-cap tech
“the second and third order effects…these companies exist and have ticker symbols because they're helping to power the AI build out”
Trading stocks as yields rise: Here's what investors need to know
Said again: 2026-10-03 (Tom Lee)
Netflix's 300 million existing subscribers provide a monetization runway that will drive earnings growth, making the current 20x forward multiple temporarily depressed and unsustainable at the low end
“Won't be trading at 20 times forward forever.”
CNBC halftime report August 13, 2026 | Nvidia, Micron, Amazon, Microsoft, Cerebras Systems & more
Said again: 2026-10-16 (CNBC (uncut))
Google Cloud remains one of the fastest-growing businesses in technology and AI is making Search meaningfully better, sustaining Alphabet's revenue growth across its two largest segments
“Google Cloud remains one of the fastest growing businesses in tech and AI continues to make search better”
90d -7.6%
CNBC HOST PUTS TOM LEE ON THE HOT SEAT + Josh Brown's Top picks in 1st segment(07/02)
At 18x forward earnings with 85% revenue growth and a dominant software moat on its GPU stack, Nvidia is underpriced on an investment horizon even if near-term price action stays muted ahead of analyst price-target upgrades
“An investor is going to look at this particular period and say this company is obviously underpriced.”
90d -0.8%
How investors can trade AI after Nvidia's earnings report
2026-04-09
TECHNOLOGY STOCKS
bullish
CNBC Halftime Committee · video
Tech has been sold off the most during the conflict and represents the clearest recovery opportunity as ceasefire fears ease and investors rush to right-size underweight positions
“The only thing that's going to matter here is tech and financials, because that's where the opportunity is”
Halftime Committee: Investing in stocks amid the fragile ceasefire
2026-04-09
FINANCIALS
bullish
CNBC Halftime Committee · video
Financials were among the hardest-hit during the Middle East conflict selloff and are seeing crowded re-entry as investors reset portfolio weights on ceasefire optimism
“Those are the things that have been sold off the most, and that's what everybody's crowding into”
Halftime Committee: Investing in stocks amid the fragile ceasefire
Annually recurring revenues growing double digits and upcoming earnings next week expected to be strong
“Annually recurring revenues growing double digits. Earnings next week should be good.”
90d -13.6% · 180d -27.5%
Final Trades: IBM, Alibaba, Nu Holdings and the IYH
Amazon's heavy robotics investment, expected to replace ~600k warehouse jobs and generate ~$4B in savings, will flow to the bottom line as a major earnings catalyst in 2026.
“all of that should fall to the bottom line for Amazon”
90d -7.4% · 180d +6.7%
CNBC's Investment Committee's Top Picks for 2026: Amazon, Sabra and Visa
Visa's new stablecoin/Circle partnership positions it to disrupt the $6-fee global remittance market, a catalyst not yet priced in, while benefiting from deregulation and fintech's faster AI adoption relative to traditional banks.
“the story isn't really baked into the price yet”
90d -13.0% · 180d +1.7%
CNBC's Investment Committee's Top Picks for 2026: Amazon, Sabra and Visa
Receivables-to-inventory ratio is the key signal to watch ahead of earnings; noise elsewhere should be ignored
“Focus on receivables versus inventories. Ignore the rest”
Final Trades: Netflix, Nvidia, Lockheed Martin and Freeport-McMoRan
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