00:00 Speaker A
Amanda, these two Chinese hedge fund managers, there’s a kind of bubble talk going on in the background of all this. Obviously, this bubble talk is nothing new. We keep seeing it, um, kind of spur of the moment, pop up here and there. Well, bubbles last for a very long time, right? Without some kind of facilitating event, some kind of catalyst, some kind of pin to pop that bubble, the bubble can continue to expand, so there’s nothing to say.
00:31 Speaker B
Yeah, I mean, I can totally hear you and everyone else talking about a bubble where everything is AI. We’re just not in that camp. We believe there is a very long way to go as the build continues, use cases take shape, and returns and revenue streams are realized for invested capital. All that my fellow panelists are talking about here this morning is that this is not a quarter or two quarters. This is 10 years worth. I think the problem is that investors are not very creative and they are not very patient. Well, that includes myself, right? I want to know exactly what’s going to happen next quarter, but I think we need to take a completely different approach and look at things in a completely different light. Valuations aren’t necessarily cheap. That’s true in some places. I mean, I can’t believe my cron is only 9 times. Therefore, it seems relatively cheap. However, the ratings are generally quite high. I think some kind of natural tension points are in fundamentals and growth trajectory. etc.
02:00 Speaker B
We don’t see this as a bubble that could burst anytime soon. It’s a rally that goes on and on, seemingly unabated. So I actually think this is a healthy and natural next step in the cycle of innovation, and I think we’ll be back to it again soon.
