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RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 30 May 2024

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dan Nathan and Guy Adami are joined by Deirdre Bosa, host of CNBC's Tech Check, for an engaging discussion on the latest trends in tech and finance. The episode kicks off with a market overview, highlighting NASDAQ's new highs and the S&P's performance, while also touching on the impact of interest rates on tech valuations. Deirdre shares insights on the excitement surrounding AI in Silicon Valley and the reluctance of startups to go public despite market highs. The conversation then shifts to the "Magnificent Seven" tech stocks, with a particular focus on NVIDIA's staggering market cap growth and its role as a proxy for AI investments. The trio delves into Amazon's AI strategy and its profitability push under Andy Jassy, as well as the resurgence of old tech companies like Dell in the AI hardware space. Speculation arises about Apple's potential AI hardware announcements at WWDC and the challenges generative AI startups face in monetizing their investments in NVIDIA chips. The discussion also covers the different AI models available to consumers and the potential for commoditization in the AI space. Guy raises questions about the relevance of monetary policy and interest rates on the tech market, with Deirdre providing insights from her perspective. The episode also touches on PwC's partnership with OpenAI and its implications for the enterprise Gen AI market. Articles We’re Reading Dell Should Keep Shining in Nvidia’s Halo (WSJ) Nvidia’s Cloud Spending Soars, as It Looks Beyond Chips (The Information) Hedge funds have never been more long the Magnificent 7 stocks, exceeding last summer’s peak exposure (CNBC) Google’s AI search setback (Platformer) China Creates $47.5 Billion Chip Fund to Back Nation’s Firms (Bloomberg) Apple Set to Unveil AI Strategy at June 10 Developers Conference (Bloomberg) PwC Set to Become OpenAI’s Largest ChatGPT Enterprise Customer (WSJ) The Great AI Challenge: We Test Five Top Bots on Useful, Everyday Skills (WSJ) — View our show notes here Learn more about Current: current.com Listen to 'Strategic Alternatives': https://www.rbccm.com/en/gib/ma-inflection-points Email us at [email protected] with any feedback, suggestions, or questions for us to answer on the pod and follow us @OkayComputerPod. We’re on social: Follow @dee_bosa on Twitter Follow @GuyAdami on Twitter Follow us on Instagram @RiskReversalMedia Subscribe to our YouTube page

Transcript

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0:00.0	All right, welcome to a very special edition.
0:03.9	Why is it special?
0:05.0	Because I just got interrupted.
0:06.6	I couldn't even say of OK Computer.
0:09.9	You know, Dear Drbosa.
0:11.2	She is the host of CNBC's Tech Check, joining us from one market out there in SF.
0:16.5	Hey, Dee.
0:17.0	This is a very special OK computer.
0:19.2	Two of my favorite people in business and finance news.
0:22.2	Guy Adom.
0:23.0	I'm one of those people.
0:24.4	Yeah, Guy C.
0:25.7	Adami is joining.
0:26.9	When I told Guy that Debo and I were going to do a hot 30 on OK computer, he said I'm in.
0:33.4	Listen, Dee, we got a lot to talk about both in the public and the private markets a little bit.
0:38.2	Obviously, when we speak about private, it is a whole host of AI, generative AI stuff to talk about.
0:43.3	The NASDAQ, this is Wednesday as we're recording, closed on Tuesday at a new all-time high.
0:48.6	The S&P is up more than 10.5% on the year.
0:51.7	Some stuff that Guy and I care about. Commodities are starting to kind
0:55.0	of reflate a little bit, guy. Interest rates are starting to move a little bit higher. The dollar's a
0:59.7	little stuck. These are all things that I think used to matter, I guess, as it relates to tech
1:04.5	valuation specifically, interest rates. But Dee, what is the level of excitement out there
	...

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