I mean, it sounds like you're a fan, but there could be some other items there that investors should consider.

Yeah, I mean, where could we start? I mean, we are big fans of the whole AI CapEx infrastructure play, but at the end of the day, we've held some of these names for multiple years now just from their competitive moats at large with Taiwan Semi being one of them.

And when you really break it down, Taiwan Semi has been a near monopoly now for five to ten years because of, frankly, Intel has been stumbling.

for quite a long period of time now.

We've started to see a bit of a turnaround story from Intel.

They're wanting to get back in to more of the foundry aspect, really start helping build out those leading edge chips that really the only place you could go was Taiwan Semi.

Nobody else can make the leading AI chips.

Are you concerned at all that we might see a slowdown in growth on the data center side? And then what would that mean for the united states with this ai arms race

I mean, it sounds like you're a fan, but there could be some other items there that investors should consider.

Yeah, I mean, where could we start? I mean, we are big fans of the whole AI CapEx infrastructure play, but at the end of the day, we've held some of these names for multiple years now just from their competitive moats at large with Taiwan Semi being one of them.

And when you really break it down, Taiwan Semi has been a near monopoly now for five to ten years because of, frankly, Intel has been stumbling.

for quite a long period of time now.

We've started to see a bit of a turnaround story from Intel.

They're wanting to get back in to more of the foundry aspect, really start helping build out those leading edge chips that really the only place you could go was Taiwan Semi.

Nobody else can make the leading AI chips.

Are you concerned at all that we might see a slowdown in growth on the data center side? And then what would that mean for the united states with this ai arms race

But how are you approaching that space right now?

Yeah, kind of pick your token name of how you want to describe what's been going on lately the first couple of months of the year.

But yeah, IGV obviously is the extended software ETF.

And we've been in that for a little bit now given the sell-off that we saw earlier in the year.

And we seem to echo a lot of the sentiments that you're saying.

A lot of these companies are some of the industry leaders.

across the board when it comes to enterprise software there is inherently high switching costs and workflows ingrained in that to where ai is pricing it essentially like they're never going to grow again and their business models are going to go away pretty much overnight And, you know, I don't know about you, but it'd be very hard to get our leadership team to trust essentially, you know, anybody on our team vibe coding up a software platform to replace any of our enterprise infrastructure and trust it going forward.

So how are you looking at Nvidia right now in the report we're going to get next week?

Tell me your thoughts.

Yeah, and just like any other PM, it's very difficult and very tumultuous and volatile times like we're seeing right now.

That's why you really like to lean back on high quality companies that have larger secular tailwinds.

On one side of the plate right now with energy, we'd like to hold major oil integrated companies like ExxonMobil.

They are type of companies that can weather these types of energy disruptions given their vertical integration.

And then other companies such as Broadcom is one that we like on the AI connectivity side with data centers.

And then where they kind of converge on both sides of the plate is the fact of energy and power management.

And then why Broadcom versus Nvidia?

But what parts of tech should people really be focusing on?

Yeah, so for the better part of the last two to three years, ever since NVIDIA really came out with their new AI chip, the chip makers, AMD, NVIDIA, have really been the industry darlings.

What we're getting our arms around here at Prime Capital is more of the infrastructure build-out like we talked about earlier.

That's going anywhere from power generation to management, cooling, connectivity, the land that these data centers are being built on.

You know, there are a lot of layers to this trade and this longer-term AI secular trend that you can peel off numerous layers to find opportunities.

You know, some names, especially, we like to go across the entire supply chain of this and not just be looking at the chip makers themselves.

You know, some names that we've got, you know, within our strategies that we like quite a bit, Nextera Energy, Broadcom, like you mentioned, and then Eaton as well, that kind of make up the entire supply chain of that infrastructure build-out.

Why is Eaton on your radar right now?