Bloomberg Technology·2025-08-12 18:33Investments & Holdings - The firm recently added to its Apple holdings at $202 per share, viewing it as a lucky opportunity [3] - The firm is happy with its Tesla holdings, which were added to at $240 during tariff concerns [3] - Tesla is a significant holding in the firm's growth strategy, though not in the "12 best ideas" portfolio due to Elon Musk's volatility [9] Tesla & Elon Musk - Elon Musk is described as someone "programmed for war," using tactics to gain attention and potentially concessions from Apple [2] - Elon Musk requested the Dojo project be shut down, and the engineering talent has been reassigned across their other chip assets [6] - The firm was watching the Dojo project but it was not factored into expectations for future earnings growth for Tesla [7] - The firm is waiting to see what is sustainable with Tesla, given Elon Musk's tendency to think, try, and restart projects [8] AI & Technology - The speaker uses Grok religiously and considers it the best solution, wanting to see more people utilize it and Tesla delve deeper into AI [5] - The firm is building a strategy focused on new frontier opportunities like quantum, nuclear, robotics, and genie, with Tesla being a central holding [6] - The firm is focused on quantum computing and the elements that will drive it [7] China & NVIDIA - NVIDIA took an $8 billion charge, but the Middle East opened up [13] - China is trying to get a better deal from the US and protect their own domestic chip names [15] - China responded to Jensen Huang's comments by stating they don't need NVIDIA's products, but the situation will likely settle in the middle [14] - The firm expects incremental revenues and a slight hit to margins regarding China and NVIDIA [14]