Even fire trucks are an AI play now.
Kenny Polcari opens on the AI trade and gets an answer that keeps widening. Kevin Kelly, Founder and Chief Executive Officer of Kelly Intelligence, argues AI has stopped being a sector and turned into an attribute of almost everything, right down to the company building municipal fire trucks. Melissa Otto, CFA, Head of TMT Research at Visible Alpha, part of S&P Global Market Intelligence, brings the estimate data behind it and puts a number on what data centers will pull from the power grid. Then the host and the analyst disagree, on air, about whether cash is safe.
Timestamps:
00:00 The question going into earnings season
00:56 What the estimate data says about memory demand
02:26 Why everything has become an AI play
04:54 Picking a lane in a supercycle
05:34 High bandwidth memory, and why it changed the business
05:55 The obsolescence problem nobody prices
06:45 Individual names or broad exposure
08:31 Why the cost of capital splits the market in two
09:26 What the hyperscalers have committed to spend
11:14 The concentration inside a broad index fund
12:11 The case that riskless yield pulls money out of stocks
13:25 The pushback: cash in an inflationary economy
14:28 What Japan actually teaches here
16:18 The power grid number, and what it means
17:20 Third quarter earnings and what to watch
18:04 Buybacks as the signal this cycle
19:08 Dividend growers against dividend aristocrats
21:30 Why emerging markets ran
22:11 Year end, higher, lower or flat
Featuring:
Kenny Polcari, Host, Trader Talk, Yahoo Finance
Kevin Kelly, Founder and Chief Executive Officer, Kelly Intelligence
Melissa Otto, CFA, Head of TMT Research, Visible Alpha, part of S&P Global Market Intelligence
Kenny Polcari gives it to you straight. New episodes Wednesdays at 5pm ET.
#TraderTalk #YahooFinance #AI #Semiconductors #Earnings #Investing
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