In an article I wrote about Amazon ( AMZN ) and Alphabet ( GOOG ) last month, I outlined my thesis for these two hyperscalers. The gist of it was that they represent a threatA freight forwarding professional with over 20 years in the industry, I am an enthusiastic market participant with a flair for picking gems from the general rubble. My industry experience has given me insights into human behavior, investment psychology, and the need to make money work for you instead of against you. My ideas on investin ...

GE Vernova (GEV) CEO Scott Strazik hasn't been sitting still lately. Over the past year, he's met with OpenAI chief Sam Altman multiple times to hammer out the infrastructure deals that could define the next chapter of artificial intelligence. "I met with Sam multiple times over the past few weeks. It is a relationship that continues to evolve," Strazik told CNBC following the company's third quarter results. Strazik further explained: The conversations were focused squarely on OpenAI's escalating power ...

There are a huge number of orders uh that we're getting from uh put out by the hyperscalers. Do you really think all that's going to be built. Some of it's multi-phase. Some of it may be an overestimation.>> Yes, I do think all of it's going to get built. Certainly, everything we see in our backlog, without question, we see it getting built. We are working very closely with them on site selection, on project development.We're making progress. Now, what we talk about all the time is this is a larger market f ...

News spreads quickly in investment circles, and perhaps no news spreads faster than whatever Michael Burry is doing these days. Over the last month and a half, he returned to social media, spread a very bearish tale about hyperscalers and AI stocks, seemingly lost his bet against Nvidia, then won it. Instead of taking a traditional victory lap, he deregistered his hedge fund, named a successor, and launched a new newsletter. More News from Barchart This sequence of events is thrilling and confusing to s ...

Thank you so much, John, and thank you, Kim, for doing this today. Um, obviously AI is front and center in everybody's mind, and you're really at the center of this ecosystem from a venture and IPO standpoint, from an M&A standpoint, from a debt financing standpoint. Based on that 360 view, do you get the sense that AI is in a bubble right now.>> So, great to see you, Leslie. Thanks for having me. Um, so the AI bubble question, that's the multi- trillion dollar question.Um I think that um AI will be absolut ...

Infrastructure Advantage in San Jose - San Jose is uniquely positioned with 2 gigawatts of new power capacity coming online in the next four years, making it the only city in California with such capacity [1][5][8] - This location in north San Jose offers access to ample recycled water at a reasonable rate and a new transmission line [2] - San Jose's infrastructure allows it to potentially triple its energy consumption in the next 4-5 years [8] Data Center Development - Prologis is proposing to build 400 megawatts worth of data centers in San Jose [3] - The location near a wastewater treatment facility and landfill is ideal for data centers as servers are not affected by odors [4][5] - The site is underutilized land, avoiding displacement of housing or retail [19][20] Energy and Sustainability - San Jose uses a community choice aggregator to purchase power, signing 20-year power purchase agreements to fund new generation capacity [10][11] - The city is investing in solar and wind power paired with storage to address intermittency issues and increase the renewable mix on the grid [11][12][15][16] - While the city aims for clean energy, it cannot guarantee that no power from nuclear or natural gas will be used, as power comes from the grid [14][15] Market Demand - There is a robust pipeline of interest from hyperscalers, large tech companies, and advanced manufacturing users for the new power capacity [17][18] - A cluster study last year showed over 800 megawatts worth of demand in San Jose, and it is suspected to be higher now [18]

Financial Performance & AI Orders - Cisco achieved a record quarter with strong performance across geographies, technology areas, and customer segments [4] - Cisco secured $13 billion in AI infrastructure orders from hyperscalers, expecting to double last year's total of just over $2 billion in this area [2][3] Security Business & Accounting - Cisco acknowledges the need for faster progress in its security business [8] - Revenue recognition in security is affected by the shift from on-premise Splunk to cloud-based Splunk, with cloud deals recognized over the contract life [6] - Strong demand is seen in new firewalls and refreshed security products [7] AI & Partnerships - Cisco has a strong partnership with Nvidia, collaborating on AI infrastructure and developing an Ethernet switch with Nvidia's Spectrum X silicon, expected in the second half of the fiscal year [9] - Cisco is expanding its ecosystem partnerships, including collaborations with Middle East sovereign clouds like G42 and Humane [10] - Cisco views itself as a neutral ecosystem partner in the AI space [10] Market Perspective & Future Outlook - Cisco believes that the current AI investment boom is different from the 1999-2000 era, as it is driven by companies with strong balance sheets, cash flow, and profitability [12][13] - Cisco believes it is still early in the AI revolution, with significant potential in physical AI, robotics, and agentic technologies [13][14] - Cisco expresses confidence in the balance of the year, citing the acceleration of its teams' work and the uptake of its silicon strategy in the AI infrastructure space [20][21]

AI & Technology - Hyperscalers resemble the operating systems of the dotcom boom and have the best chance of creating software packages that bring AI to the people [4] - The rapid depreciation of AI chips, with new chips appearing every 18 months that are ten times more powerful, poses a risk to independent companies [7] - The focus is on who will create the software package that can be monetized, with hyperscalers having the best chance [7] Market & Investment Trends - The world is different from the dotcom boom era because most companies understand that many of those companies never generated earnings or revenues [1] - Only Microsoft, Apple, and Amazon recovered from the dotcom boom and became substantially larger companies [2] - The ETF business has changed the investment landscape from mutual funds, offering tax efficiency and lower running costs [9][10] - Private debt relative to GDP is down 2% annually, indicating the private economy is saving money [16] - The dollar's stability suggests that the anticipated economic problems may not be as severe as expected [17] Value Investing - The most important engine of a value company is generating free cash flow and collapsing capitalization [13] - Value companies in mature industries should focus on generating cash flow rather than investing heavily in CapEx [13]

Let's talk about it all with Osan Kuan. He is the chief equity strategist at Wells Fargo joining us on set. And I know this week's been a little bit weird, but the stock market we're supposed to buy when prices go down.So, you remain bullish. >> That's right. I think you buy the dip here.Um I think the setup for equities into the year end is pretty still pretty positive. Uh we just had a actually really good earning season when companies beat by 8% on EPS. It was actually the broadest beat that we saw uh in ...

One question lingers in the mind of every investor. Are we in an AI bubble. Should you be worried.The answer to that question is going to determine the portfolio returns of tens of millions of Americans. It's important to understand what is actually happening in the economy. The surge in AIdriven data center projects, all of that construction that's happening.Big reason for this explosion in construction is that mega cap companies continue to exceed expectations on their AI capex spending. So whether we're ...