00:00With respect to the stock price, everybody should be very excited.
00:04They can now buy stock at a cheaper price.
00:08And it's absolutely true that the future of AI is very bright.
00:14It is a foregone conclusion that AI will be infrastructure for the world.
00:22The next trillion dollar company, ladies and gentlemen.
00:25Whoa!
00:27That would be exciting. Let's do it together.
00:30Let's do it together.
00:32I announced his stock price goes up.
00:35Nothing happens to mine.
00:41Let's also stay for the record.
00:44I'm very happy about that.
00:46Let's also stay for the record that you were a shareholder and you sold.
00:49Yeah, yeah.
00:50Well, I needed the cash.
00:55All right.
00:56Gen Sanity, right?
00:58And NVIDIA CEO Jensen Hong there speaking on Monday about, of course, what we saw on the route in Korean
01:03tech stocks as well.
01:04That was led by NVIDIA supplier SK Hynix.
01:06You also were there at Computex when he was also talking about these companies like Marvell, too.
01:10Yeah, I was right there when he was talking about it.
01:12I mean, Marvell stock the next day went up 33%, the biggest gain in 26 years.
01:18And also, you saw Rene Haas there, the CEO of Arm Holdings, who used to work at NVIDIA, by the
01:24way.
01:25That stock surged 16% as well.
01:28Yeah.
01:28So he's becoming an oracle and a tech type.
01:32Well, it's interesting how much these sort of darlings that were, like Naver, for example, that was having Korean barbecue
01:39with him and footed the bill and all that when he was in Seoul.
01:42I mean, some of these stocks were actually now falling after, of course, all that hype.
01:46And really, now that I think he has left Seoul, I believe.
01:49But certainly, it does lead to a lot of questions about his charisma and really what does it mean for
01:55stock prices.
01:56Let's bring in Bloomberg Opinion columnist Shirley Wrens.
01:58She's been saying that this investment advice from Jensen Wang has been dangerously rosy.
02:04Yeah, you've been talking about, you know, he's known to be bold.
02:07He's known to be, you know, kind of playful as well.
02:09But when you take a look at what he's doing and what he's saying, I mean, you're saying it can
02:14get a little bit, hmm.
02:15Yeah.
02:16I mean, he's absolutely market moving.
02:18And right now, we are in between earnings season.
02:21So we don't really have company financials as anchor when it comes to the AI rally.
02:28So whenever this AI Oracle speaks up, like he's going to move stock prices.
02:34And if you really look at a lot of cheap stocks, they are by no means cheap, right?
02:39Like the Taiwan market is getting quite expensive.
02:41And we have seen with Neva, LG Electronics, just the fact that he just boasts the so-called partnership without
02:50any details can ramp up a stock by 10, 20 percent a day.
02:54You know, I was there and he was definitely on full salesman mode.
02:58Should he be keeping this advice to himself or does he see something we don't see?
03:02He needs to talk up these suppliers because there's maybe some fragility.
03:07Well, he does need to buddy up the Asian suppliers, right?
03:10The TSMC and the memory chip makers because he needs them to supply to his GPU unit so that he
03:19can sell more NVIDIA chips.
03:21But on the other hand, I mean, he is a tech person.
03:24He's a tech executive.
03:25What does he know about stock valuation?
03:28He talks, it goes up.
03:31That's what he knows, right?
03:32Talk to me about valuations, right?
03:34I think Korea, we've talked about, you know, despite these parabolic rallies, valuations are still quite low.
03:40Taiwan might be a bit different as well.
03:41But do you think that overall speaking, they're still cheap to you?
03:45Well, I mean, Taiwan traditionally, if you look at the forward PE basis, a price to earning basis, Taiwan market
03:51is at par with the U.S. market now.
03:54And traditionally, Taiwan market is more cyclical, and therefore you see less earnings visibility compared to S&P 500.
04:01And when we talk about South Korean, the memory chip makers, right, the verdict is still out on whether the
04:08memory chip making is in the super cycle.
04:11In the past, it's a very volatile industry.
04:14The cycle typically lasts three to four years.
04:18And now we are at year two.
04:21Are these memory chip makers going to see visible earnings all the way to 2028, 2029?
04:29We don't know yet.
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