Bluntly. Is there a bubble. Well, I mean, this is the question.I think it's interesting to put that in in context. So if you look at the Nasdaq in the past 15 years, like with every platform shift, which is every five years, so you had mobile cloud and the Nasdaq has doubled. So basically what where we are right now, where the Nasdaq is is basically in line with historical trends.So, yes, with every platform shifts, you know, you're seeing for us the evaluation and we're actually seeing that with with the A ...

Matt, good to have you on the program today. The first question I have is really about why San Jose is a good place for facility, a facility like this. This is some of the most expensive real estate and most expensive housing in the entire United States.Why San Jose. Well, we're in a really fortunate position in San Jose to have two gigawatts of new power coming online over the next four years. We're the only city in California with that kind of new load capacity.And this particular location is really uniqu ...

You're joining us now on the theme of the day. I think it has been all about data centers, whether it's 50 billion coming from anthropic, whether we're thinking about matter, continuing its focus in Wisconsin. But why do you think it's too much too soon from the Wall Street perspective.Well, for a lot of reasons. Living in a virtual world, as most of Silicon Valley does, it's really hard whenever they have to, you know, go out into the real world in and do physical things. And that's what we're talking abou ...

Clearly this is a positive market reaction to AMD saying, here's what we see for the next five years. But that 80% Tiger compound annualized growth for the datacenter business, that's the headline really, isn't it. Yeah, I mean, there were a lot of headlines, a lot of numbers.And if you actually look at what happened as I was speaking, Stark really didn't do very much. Then after hours when the management were on stage and were being questioned, they put in a strong performance and that's really when the st ...

That's the story. That's the reporting. Lots of investment up front.And you got to wait a long time to get more. Yeah. The thing to keep in mind about nuclear is that everything moves really slowly.You know, I mean, any of these power plants are major construction projects. So already that's a slow thing. And then it's nuclear.So you know that they are going to take their time because it has to be safe. So it's a very slow moving industry. There's huge demand for it Now. There's there's, as you know, just a ...

You've got this great take on sort of what the drivers are going for. Do you call it tire. But we are still trying to digest trade, We are still trying to think about interest rates.I think you go into what's happening with inflation, but earnings, what are we hearing from earnings to vindicate the run up that we've had of late. A looks thus far, right. I think it's fair to say that earnings have been really, really good.If you look at the performance of the HYPERSCALERS, in particular this most recent earn ...

There are some details worth understanding and knowing about and what anthropic plans to do with this $50 billion over which timeline and with who. But there's also some consideration around how big this $50 billion is relative to the rest of the field. That's right.You know, I think in one sense, if you had said a year or two ago that a four year old unprofitable startup was going to commit $50 billion to infrastructure project projects, said that's enormous and possibly insane. But when you compare it to ...

Isaiah, good to have you on the program. Congratulations on the race. When we talk about small modular reactors, you're not alone.Nano nuclear Oslo, Nuscale Just a handful of the companies working on this technology. What makes values different. Yeah.Tim, it's a huge pleasure to be on with you today and it's a really exciting day for valor. It's a great question. There are a lot of people tackling this very, very difficult problem of how do we make all of the energy needs that America has in the future.You ...

When is this going to pay off. It's not just with core. We've it's not just with Microsoft, It's not just with meta platforms.This is the existential question that every investor's asking themselves right now. When will it pay off. It's an existential question.However, the there's a lot of long range planning occurring at present. The commitments that opening I and these ecosystem partners are making are stretched out over a very long term horizon. And as you mentioned, I thought you summarized it well.Nobo ...

This is timely and this is very interesting. What do we learn in the course of reporting about how serious this this move is to push for way out of the market, that it is very strong in in Europe. Yeah, I think it's actually really important to note people do not realize that there's still so much Huawei kit in various EU countries infrastructures, and the European Commission for years has wanted to push EU countries to stop using this technology across their networks.They have really failed to do so. And t ...