00:00 Speaker A
I’d like to ask you specifically about Nvidia. I know you’ve been a bull on Nvidia in the past. Obviously, Nvidia has been incredibly dominant in this phase of building AI. Do you think that dominance is nearing its peak as we move into the application part of AI?
00:20 Speaker B
Well, you need them both, and they are in the driver’s seat, and they will remain so for years to come. So obviously the AMDs of the world will follow suit and everyone will say, oh, here’s the next great chip. But Nvidia started 25 years ahead of everyone else. And they’re going to move just as fast, if not faster. Well, Rubin is coming, and then the next generation of chips is coming. And no one is better positioned to remain a leader than them. Therefore, they are necessary components. The app is also a required component for future builds. Oh, both will be successful.
01:13 Speaker A
And I know you’re focused on very specific stocks where you see a lot of upside. But do you think there is something to appeal to investors as well? Do you just buy everything that has to do with AI, or do you think it’s better to make these very targeted bets?
01:40 Speaker B
Well, I think as an observer, uh, there’s a lot of skepticism around Nvidia, for example. So, from the moment Chat GPT 3 came out, you know, three years ago now, there was kind of an epiphany that, oh, the way to play this is not to play Nvidia, but to play a catch-up trade like the next set of chips. And that was terrible advice. So I don’t think baskets are recommended for most investors. I think we need to pick winners in every niche across the AI stack and collaborate with those leaders.
