Welcome to OK Computer. I'm Dan Nathan, joined by Dear Jibosa. She is the host of CNBC's Tech Check Debo. Welcome back to the pod and Merry Christmas.

Merry Christmas last episode of the year. I can't wait to get into it because it's just been such a wild year in the markets and tech especially.

It's been a wild year. Like you and I started doing this, I think, routinely back in January,

and again, covering some of these generative AI stories out of some of the names that you've

covered for a very long time in the public markets and then some new ones that we've gotten

very familiar with and spent a lot of time on, whether it's Open AI or Anthropic or a few others,

and there's been some twists and turns a little bit. But it's interesting as we kind of head into year end in 2023. When we started this year, if you think about

how negative the sentiment was towards the broad markets, towards the economy, towards some mega-cap

tech stocks. And, you know, the NASDAQ 100 is up 53% on the year. The S&P 500 is up nearly

25% in the year. And it's truly astounding

with this magnificent seven being coined this year, seven stocks that make up 30% of the S&P, 50%

of the NASDAQ 100. And just to put some context around that. Think about Apple and Microsoft.

Each of these are about $3 trillion in market cap. Each of them are up over 50% of the year. Invidia, up over a trillion dollars in Microsoft. Each of these are about $3 trillion in market cap. Each of them are up over 50% of the

year. InVIDIA, up over a trillion dollars in market cap, 234% in the year, higher. Google,

up 60% of the year. Amazon up 82% of the year, meta up nearly 200% of the year. Just amazing.

I don't think anybody could have predicted this, but the enthusiasm in and around

generative AI has literally been like the reason that we got through this regional banking

prices that seemed to hit Silicon Valley kind of hard back in March and the like. So let's just

kind of reflect a little bit. I mean, in me and my career, I have to go back to the internet bubble

to even just kind of experience or once again put any context to the enthusiasm around this tech shift and market sentiment.

Thoughts like from you about this because I have to assume you're feeling kind of similar.

Yeah, especially when you look at the private markets, right?

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