00:00 Speaker A
We’re also locked in on all things Nvidia office, uh, H200 news. Those chips look like they’ll be headed back to China. And I want to call up, uh, the earnings estimates for Nvidia. You can find these on the Yahoo Finance platform, but you can see how they’ve really fallen down, uh, versus 90 days ago. And large part, large part because of unknown related to the, uh, not only just AI demand going forward, but what will happen with this China business. We now know, Lauren, and it’s likely now estimates will have to climb for Nvidia, but
01:28 Speaker A
do they also have to climb for other companies that play, other tech companies that play in China? And then how are you thinking about the tech trade moving forward?
02:00 Lauren
I always hate to answer a question like this as a two-handed economist, but I think that we have to. This foundational layer of artificial intelligence is so important. There’s a reason why we’ve seen these companies be gainers throughout the last couple of years as the AI trade has unfolded. They are so essential to moving this technology and these business processes forward that we’re all looking forward to. And the news that we’re seeing with respect to China is certainly positive news. Whereas an economist and a market strategist, I have some hesitation is that there’s not very much that investors, or even these companies, can do to influence the major geopolitical shifts that we’re seeing globally. And when we, when it comes to sales in China, or really US-China competition around this technology supply chain, I anticipate ebbs and flows in that dynamic. And so, as policymakers try to decide, you know, will the US be more open to collaboration with China and Chinese companies on these technology supply chains, or will they not, companies like Nvidia, and like many of the other magnificent seven and technology enablers, are going to be in the middle of that fray.