We're still early in the AI cycle, says Bernstein's Stacy Rasgon

Chip stocks meanwhile giving back some of yesterday's gains. The sector moved higher uh after Open AAI and Broadcom announced a custom uh chip deal. And Broadcom was sharply higher, but it's down today.In the last few minutes, Oracle announcing it's going to deploy 50,000 graphics processors from AMD starting in the second half of 2026. joining us now, Stacy Rasgen and uh Bernstein US semiconductor managing director uh and a senior analyst. And I don't know if you were ever wondering why' I get into this uh ...