This is a secular rout, more sentiment/momentum wind-down. Positive numbers from Alphabet/Microsoft benefit memory makers; current sell-everything rout presents opportunities.
Should investors distinguish between companies with cash for capex vs. those without?
Joumanna Bercetche
Rashmi Garg
Yes, debt-free companies financing from cash flows should be distinguished, but question is return on investment for huge capex like Google's $185B.
How to play chip/semiconductor space given supply crunch?
Joumanna Bercetche
Rashmi Garg
Best play is memory chipmakers, especially Korean leaders Samsung and Hynix, who benefit from high memory prices for AI HBM and DRAM.
Is commodities volatility affecting other markets?
Joumanna Bercetche
Rashmi Garg
Gold surge driven by dollar debasement, Fed independence concerns, fiscal deficit, geopolitics - still a hedge. Silver speculative, margin requirements caused volatility. Copper structural long-term play due to AI electrification needs.
How to get exposure to rare earths?
Joumanna Bercetche
Rashmi Garg
Rare earths driven by resource nationalization for AI/aerospace/defense. Likes MP Materials, rare earth fund, smaller players like Solvay.