AI SPENDING SPREE: What it means for markets and tech

REVELATION UP HYPER SCALARS IS ONLY WILL $1.3 TRILLION WAS AMAZING OUT THIS MOST RECENT ACTUALLY NESTLED THAT INCOME INTO 2028 NOW IT WILL HAPPEN IN 2027th OF WHAT IS ME FOR THIS TALKS AND THINK ABOUT ALL THE HANDWRINGING OVER THIS AT ONE POINT WALL STREET WANTED TO SPEND MORE SAID SPINNING TOO MUCH RECENTLY WAS NO BRING IN JERRY HATFIELD FOUNDER AND CEO NJ TO SAY WELL I GUESS CONCERNING SEASONS BECAUSE WE KICKOFF LIKE GOOGLE AND THEY WERE SAYING THAT THEY WERE MAKING MONEY WITH CLOUD AND THERE'S A RETURN ON INVESTMENT WALL STREET STILL WAS NOT SURE THEY DON'T WANT TO SPEND IT I CALL IT INVESTING THE SPENDING MONEY GOING FACT THIS IS IS A GOOD ABOUT HOUSE IMPACT YOU AS YOU ULTIMATELY SAME. >> OF COURSE IS BULLISH FOR CHIP STOCKS WE HAVE A LOT OF CHIP STOCKS AND NASDAQ OPTIONS EARNINGS FUNDS BUT WE HAVE A VIEW ON THIS X-UPPERCASE-LETTER AND WE WOULD LIKE COMPANIES TO INVEST FREE CASH FLOWS IS OLD-SCHOOL. >> IS IS VERY OLD-SCHOOL TO HAVE YOU INVEST HINDER BUSINESS AND I WILL GROW OKAY SMACKING OF U.S. FREE CASH FLOW PRETTY UNTIL IT'S NOT AND SO PEOPLE COMPANIES AND TONS OF FREE CASH FLOW GUESS WHAT THEY SHOULD BEEN INVESTING THEY SHOULD BE DOING STREAMING AND SO WERE NOT FREE CASH FLOW BUT A LOT OF HEDGE FUNDS ARE SO WE LOVED IT WHEN I WAS ON SPENT MONEY BECAUSE WE KNOW THE GETTING LUCRATIVE CONTRACTS AND LESS RISKY BUSINESS TO MAKE CHIPS BECAUSE YOU HAVE FIVE OR SIX YEAR CONTRACTS WALKED AND WALKED IN TERMS 20s AND SO BULLISH ON CUTBACKS IS BETTER THEY DELIVER SPENT THEY HAVE TO RAISE EQUITY BECAUSE THEN THE PANEL YOU TRY TO COME YOUR SOCKS DOWN YOU BECOME A TARGET IS JUST MORE OF A TARGET AND SO YOU STILL COOL WITH AMAZON IS ON BROUGHT IT ON AND FEEL COME FULL SMITH BECAUSE OF SOME OF OUR LARGEST POSITIONS IN THE CABLE AND HAVING SAID THAT WE HAVE A 300 TARGET ON AMAZON WE DID FADED IT TO 75 BUT NOW US DOWN EVEN AGAIN TODAY AND WE ARE ADDING UP XOR EVALUATION DRIVEN SO WE DO NOT WANT TO OWN SOMETHING TEMPLE MARV L HIS NAME AND LIKED IN THE PAST USED TO LIKE IT YOU AND YOU GET I JUST SPOKE WITH RAY ABOUT THIS THESE KIND OF THINGS PULL BACK THE REGROUPING HERE AND THIS IS TOURING RUN FOR TODAY ABOUT AND HOLDING THIS INTERLINK. >> WELL WE HAVE AN INCREASING OPPOSITION SO THE CHART DOES NOT REALLY WORK IS OF THE ANNOUNCEMENT OF THE GOOGLE DEAL AND SO IT'S 1,120,000,000,000 REVENUE OVER SIX YEARS THE COMPANY IS AN ADVANTAGE OF MARVELL NUMBER ONE OVERWEIGHT AND SO THAT'S HAVE BEEN FULLY REFLECTED IN THE ASSESSMENT SO CARRY $12 IN FISCAL 29 WHICH IS REALLY 28 AND IS IT TEN AND WE ARE HOPEFUL ABOUT WILL THEY MAKE NOT JUST LIKE NVIDIA NORMALLY DOES A GUIDE BUT EVEN IF THEY DON'T FEEL THE GOING IF YOU TO GET THIS $12 OF EARNINGS WE ARE CARRYING 16, FOR FISCAL 30 WHICH IS 29 AND SO IS A SMALLER COMPANY WITH RIDICULOUSLY GOOD GROWTH GREAT EXECUTION IN A BROAD ARRAY OF PRODUCTS AND BROAD, NUMBER WHAT IDEA IS MARAV L MARVELL SMITH LIKE BANK OF AMERICA'S KKR AND LYING AROUND SOME OF THESE PRIVATE EQUITY NAS AND YOU KUIPER TO GLIA THROUGH SOME OF THE SOFTWARE SEEN IN THE LAST 24 HOURS, TO BE THE COAST CLEAR BUT THAT WAS ONE OF SORT OF A DARK CLOUD. >> WE THINK IT WAS COMPLETELY STUPID HEDGE FUNDS BECAUSE PRIOR CREDIT AS OF THIS REALLY THE CATALYST LIKE TODAY'S MOSTLY SHORTCOMING REALLY LIKE HEDGE FUNDS BELONG UP SO KKR IS RALLY IS A PHENOMENAL BUSINESS OCTAVE CAPITOL, METERING PREVENT GREAT AGUE AND BOTH NOT REALLY EVEN GOT EXPOSED TO PRIVATE CREDIT SO THAT IS ON THE FINANCIAL SIDE AND YET BECAUSE THE OTHER TWO IDEAS THAT WERE THE WARS OVER SIMILARLY JUST ASK YOU BEFORE I LET YOU GO, AND A RED SUMMER YOU SAY SOCIALLY HARSH IS A DEAD MARIA SAYS HE'S A DONE NOW AND MEMBER OF THE HE OWES INVESTORS JACKSON HOLE RESET AND IS ON A TREMENDOUS AMOUNT OF PRESSURE TO FALL IN JULY AND OTHER EVERY OTHER VENTURE BAND AND WHENEVER HE SAID HE WANTED TO REMAKE CLOSE TO LIMIT YOU COME TO THE CONCLUSION IS A HAWK WRONG PICK PRESIDENT TRUMP IS MADE A MISTAKE. >> TOTAL TALKING ABOUT PUCKISH AND WE ARE HOPEFUL THEN THERE'S NO REAL EVIDENCE OF THE CITIES ME POCKET TO STAVE OFF EVEN MORE HAWKISH DEMOCRATS WILL BE PROSECUTED BY TRUMP SOUTH MAJOR TRUMP LEADERS. IN NORMAL HOPEFUL BUT THERE'S NO RECITING SOME REALLY INDICATED THAT BUT THE ONE THING THAT I WOULD FOCUS ON IS THAT IF SAID THAT HE WANTS TO GET RID OF PCE, AS A FOCUS AND SIVA MERITED A GREAT JOB SLICES COMPLETE GARBAGE SO HE MAKES A RUN FOR FOUR THAT WILL SAVE US OF OUR HE HAS HAVING TOUGH AND I AM HOPEFUL BUT I HAVE NO EVIDENCE OF THIS THAT HE'S JUST DOING IT TO STAVE OFF THE DEMOCRATIC IT TALKS COMMITTEE OKAY FOLKS I KNOW IS THAT HE WANTS TO .3 PERCENT INFLATION IN THE HEADLINE IS 3.7 AND IT GIVES HIS WAKE IS A LOT CLOSER TO TH