00:00 Jared
The other thing that people uh some critics have been lashing out at is all the spending, capital spending, so-called capital spending. Uh, we’ve seen it explode over the last few years. It will continue next year. But, for example, we’ve seen that in Mag 5 and we used to talk about them or Mag 7 uh as a whole. In fact, only Alphabet and Nvidia, and perhaps Tesla, as latecomers, have actually seen their share prices soar this year. So, is this a game of haves and have-nots? Or what do you think of this result?
00:32 bob
No, that’s a great question. I mean, look, I think Nvidia is obviously going to continue to do well, but I’m also sure that Nvidia is going to have a lot more competition in 2026. AMD is an obvious contender, but there are many other smaller players. I mean, you know, Nvidia recently struck a deal with Grock to bring in more of their technology, which reflects that we’re developing more specialized types of models. We are moving away from the days of the big, generic LL.M. that can be used for anything, to more specialized areas. Each one requires a different type of hardware, which I think in turn creates more opportunities, but also creates more variety, which will be harder to figure out. But obviously I think, you know, you’re going to continue to see companies like Nvidia and AMD do well. As I said, I think you’re going to start to see some of the smaller cloud companies that often have custom chips made through Broadcom start to benefit as well. We’ve seen Google do more work with TPUs and uh Amazon has their Graviton chips. Well, we have a lot of other companies. Microsoft is making custom chips. Many of them are arm based. So Arm is another company that, you know, we haven’t talked about them much lately, but Arm is helping to drive some innovation. As you mentioned, Intel is doing well. They continued to block traffic. Obviously, they had their challenges last year, but things are looking better in 2026. So, I think we’re going to see a lot of different players from different areas start to come together. We’ll see some smaller companies. Uh, there’s a little company called SiTime that makes uh timing chips, and all of these networks have to be perfectly aligned from a timing perspective. They are doing some interesting things. So, I think there are a lot of different opportunities in different areas. Um, but again we’re going to have a lot of bears on the sidelines waiting to attack these issues that raise concerns, I think, around a genetic artificial intelligence.
02:29 Jared
We’ll have to see if these are worth buying. Bob, I realize we’re going to be doing another podcast soon. So thank you for showing up.
02:39 bob
Yeah, man, I’d love to.
02:40 Jared
Nice to meet you here.
02:41 bob
Thanks, Jared.
