Hey, it's Kramer, and this is my morning take on the market from today's CBC Investing Club

morning meeting.

Now, we have to do with AI and Micron.

People say what's good for Micron could be good for the complex.

Not true.

Micron is pretty much of a tax on the system.

In other words, Micron makes chips.

They correctly gauge that there was going to be a lot of demand, but incorrect

in terms of like what they thought that they, I mean, they, no, they're an input cost, right?

Memory is an input cost for a lot of these things that-

Right, so they managed to be able to make a lot and charge a lot, and the companies that

pay are Apple and Dell,

Ulypafered enterprises.

Yeah, I think that explains what's happening in Apple today,

what's happening in Dell today.

Now, they did say demand still exceed supply.

They're completely sold out, a lot of unmet demand.

That is helping, I think, Nvidia today.

But not Broadcom. Not Broadcom. Memory Prices came up on the last earnings call. And they did say it's a little bit of a headwind. So not seeing the rebound yet. This is a taker. This is a buyer. Whoever's a buyer is getting knocked down. Invidia is not a buyer. Yeah, I think you have to watch Cisco too, although they've been managing it. It came up on their last call. Yeah, Cisco, I'd like to see Cisco pricing. I, Cisco, it used to be that you sold it when you saw DRAM pricing. But Chuck Robbins seems to have neutralized that input cost. Yeah. Cisco remains a very, very strong stock here. Now, at the same time, Open AI, maybe a new valuation round, the information reporting they held talks with investors about raising new funding at a valuation of $750 billion could

raise tens of billions, maybe $100 billion. If they get $7.50 and we slow down the data

build out, then everybody wins. That's a real dream. So, yeah, I mean, I'm viewing this as positive.

I know all the headlines are negative around it, but if they can pay the bills, then if they can be able to around and around we go. You don't want a situation where I'm paying you to take my chips. Sure. That's the problem because when in the course of human events do I pay you to give you something? Yeah. Government doesn't like that. Even this government doesn't like something to watch.

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