THIS sends a ‘signal’ to the market: Portfolio manger

DOUBLE, SHELBY JOINS US NOW TO BREAK DOWN AI SPENDING INTO EVEN BIGGER PROFITS AND WE WERE TALKING ABOUT THIS EARLIER IN THE SHOW, IS IT A GOOD THING IF THEY EXPAND SPENDING OR BAD? IF THEY PULL BACK A BIT, THAT WILL REALLY SENT A FRIGHTENING MESSAGE TO THE MARKETS. >> YOU RAISE EXCELLENT POINTS, HYPER SCALER IN BETWEEN ROCK AND A HARD PLACE SO IF THEY GO AHEAD AND ANNOUNCE EXPANSION, IT HAS TO HAVE EXPANSION FOR THE PLAN. A FEW YEARS AGO WE WERE SEEING MANY HYPER SCALER'S PUNISHED FOR SAYING THEY WERE GETTING INVOLVED IN AI SO JUST BECAUSE IT'S MORE POPULAR NOW AND THERE SEEMS TO BE A PREMIUM DOESN'T MEAN YOU CAN'T HAVE A PLAN. IF THEY GO AHEAD AND CUT BACK, SENDS A SIGNAL OTHERS MIGHT CUT BACK, TO BECAUSE EVEN THOUGH HYPER SCALER'S ARE DIFFERENTIATED IN OTHER BUSINESS SEGMENTS, SOME MORE AT FOCUS AND OTHERS NOT SO MUCH, IT SENDS A SIGNAL TO THE MARKET OF WAIT A SECOND, IF THEY WANT TO PULL BACK ON THIS DAY I SPENT, I NEED TO QUESTION HOW MUCH OF A PREMIUM I ALLOW FOR THINGS LIKE TO DESIGN AND MANUFACTURING SO IT'S NOT A VACUUM IF THEY DECLARE THEIR TAKING A STEP BACK, IT'S MORE OF FALLING DOMINOES. >> ISN'T IT QUITE TO TALK ABOUT ADDING SALES AND NUMBERS? THAT'S WHAT EVERYBODY SEIZED UPON WITH THE NUMBERS AND AMAZON AND NOW IT'S ABOUT WHAT THEY WILL SPEND ON AI BUT MAYBE THEY SHOULD JUST REAFFIRM GUIDANCE. >> BACK AND IT'S INTERESTING TO THINK ABOUT DIVERSIFICATION OF THE BUSINESSES SO SEEING APPLE OVERTOOK NVIDIA ON MARKET CAP TAMIKA SIGNALED PEOPLE WANT A MORE DIVERSIFIED TECH SO YOU LOOK AT GOOGLE AND META AND SAY THEY DO HAVE THE AD BUSINESS, THEY ALSO HAVE THIS ALMOST AI NATIVE, SOME OF THE FIRST MOVERS, INFRASTRUCTURE WHEN IT COMES TO ADAPTING A HIGH-POWERED AD TECH SO NOT REALLY EXCITED TO RUN OUT AND SO MANY GOOGLE EITHER WAY, I THE DIRECTION. >> YOU LIKE APPLE, FRIDAY, APPLE MARK 16 RECORD CLOSE OF THE YEAR, SURPRISING SOME PEOPLE WHO SAID THEY ARE BEHIND AI, WHAT IS THE REAL ATTRACTION, SHINY OBJECT FOR APPLE WHEN IT COMES TO WHY YOU LIKE IT. >> ONE REASON I LIKE IT IS BECAUSE THEY DO HAVE ANNUITY STRUCTURE WHEN IT COMES TO HARDWARE SALES SO THAT SOMETHING YOU CAN ALMOST MODEL OUT SEPARATELY BECAUSE YOU KIND OF UNDERSTAND ALMOST AN ELASTIC NATURE OF THE ITEMS OF YOU CAN MODEL THAT AND SAY THIS IS WHAT I GET FOR SURE AND YOU CAN MOVE THE DIAL ACCORDINGLY, FOR IT COMES TO AI PARTNERSHIPS AND PRODUCTS TO ME IS THE MOST EXCITING, KNOWING THEY HAVE SOMETHING IN THE MARKET MOST ALWAYS AND BEING ABLE TO TUNE AND AND OUT OF UP NEXT KNOWING THE PARTNERSHIP IS DESIRABLE. >> THANKS TO YOU AND THE DOW HOLDING ONTO AGAIN, THE ONLY MAJO