Joining us this morning is Niles Investment Management founder and portfolio manager Dan Niles. Got some thoughts on the AI trade in the market at large. Dan, good to see you again. >> To see you too, Carl.>> So, a lot was made of uh Broadcom's inability, for example, to rally after its earnings, but maybe the story can be different with Micron today. >> Yeah, I mean, I think you have to look at the the short-term picture and the long-term picture. So in the short-term picture, what's changed is now really ...

The Fed is going ALL IN on easy money once again.They start buying $40 billion of treasuries today.Investors are about to be very happy. https://t.co/D359FcioHj ...

RT Nick Szabo (@NickSzabo4)@kiawtzin @YungGucciT I believe in hard money not in easy money. ...

Well, with us now is Dan Niles, founder and portfolio manager at Niles Investment Management. Dan, it's great to have you on the show. Welcome.Thank you. We'll start right there. What do you think of this.Well, you have to separate it into pieces. So, if you're asking, what do I think about the stocks of the AI companies. I think they're going to go up a lot for one simple reason.The Fed's cutting rates after being on hold for 9 months. You're going to get another probably three cuts between now and January ...