JBWere

Its latest results are another sign of the AI boom's insatiable appetite for chips.

But with US consumers also under pressure, how long can the AI juggernaut keep powering without growth squeezing out the rest of the economy? JB Were's Phil Bawkin joins me now.

And Phil, welcome along.

The results, is the AI boom still accelerating?

Thanks very much, Phil.

Thanks for joining us.

That's, uh, JB Were's Phil Bawkin joining us this morning.

It's been repriced.

The broker I was talking to this morning, um, uh, from JB Were was saying we've heard it might have been repriced twice.

That's not a good sign.

Normally, it's a nice steady, like, we're thinking about listing this cool company, here's what it's gonna do, here's what we think it's worth, here's what you're prepared to pay for it, here's what it's listing at.

And, and then before you knew it, we hit the GFC, and I s- I maintained my job through that process.

And then after that, Goldman's decided globally that they didn't want to do stockbroking the, the wealth management side of it, and so they split it, split off part of it and called it JB Were.

And I put my hand up, and I said, "Can I run it?" [laughs] 'Cause I had no experience doing that either, and someone said yes, and then I ended up running JB Were, one of the leading wealth managers in New Zealand and Australia.

So I, I was the COO of the New Zealand business.

We had a CEO who didn't really run the company as such.