Asking about AI bubble concerns and market corrections globally including China
Andrew
Doug Clinton
NASDAQ down 7% from highs, core AI stocks down 30-50%, sees this as healthy correction similar to dot-com era
Questioning semiconductor depreciation schedules and upgrade cycles as key to AI investment math
Andrew
Doug Clinton
Sees both sides of chip depreciation argument - Nvidia upgrades every 18 months but older chips still functional for inference workloads
Citing Marc Benioff tweet praising Gemini 3 over ChatGPT, asking if Google outpaced competitors
Andrew
Doug Clinton
Confirms Google has pole position with Gemini 3, hard to bet against Google stock despite recent move
Questioning lock-in effects and switching costs between AI platforms
Andrew
Doug Clinton
Sees distribution as key 2026 theme - moving from point solutions to integration into existing tools