Asks for reaction to US jobs numbers and AI fears hitting sectors.
April Hong
Kim Forrest
Jobs report solid but data adjustments troubling. AI fears are an overreaction creating buying opportunities.
Asks how data adjustment issues affect Fed trajectory and stocks.
April Hong
Kim Forrest
Takes data with a grain of salt. Steady as you go for Fed. Most disturbing thing is AI fears going through sectors.
Asks about contagion fear in AI disruption and risks of business models changing quickly.
Shery Ahn
Kim Forrest
Investors are completely overreacting. Need to look at value add and moats. Microsoft not going away.
Asks about importance of being picky vs. blanket buying, citing Alphabet's 100-year bond.
Shery Ahn
Kim Forrest
Look at it like a long-term investor. Alphabet's 100-year bond signals they want to borrow cheaply for a long AI investment horizon. Be suspicious of such companies.
Asks about narrative for memory makers and concerns about meeting demand.
April Hong
Kim Forrest
Memory maker space is an oligopoly with a moat. Demand is strong for both model-building and inference chips.