00:00 Speaker A
broadly when you look at that AI trade, you see some evidence that maybe investors are getting a little some jitters are popping up, some nerves.
00:07 Speaker A
But then you see the companies drawing like I my micron earnings after the bell. I did a double take on that guidance. I thought I had been reading it wrong, right? It was that much of a beat. That thing reported and surged and it’s this story of demand strong, supply tight. I’m just curious what you make of that.
00:23 Speaker B
We are in the we’re in the infrastructure
00:30 Speaker B
building period
00:32 Speaker B
of the next new economy. This is like the transcontinental railroad, which transformed our entire economy uh with transportation stuff, you know, back in the 1870s.
00:43 Speaker B
So when you look at right now, we’re spending a tremendous amount of money, not all the companies are going to be winners. You got to look at it one by one. But
00:51 Speaker B
when you recognize the amount of capital that’s going into this, we’re just in the early stages. We’re in the infrastructure stage.
00:58 Speaker B
What’s going to happen when we go to the implementation stage where companies are now going to use this AI technology and all of this infrastructure to increase labor productivity and and and jobs. That’s that’s really going to push earnings not just for the Mac 7,
01:11 Speaker B
but for the entire economy.
