Andy Cross

They make the wave.

Yes, a lot of laughs.

How does Jensen marshal, you mentioned about the, just the challenge of talking to investors when they're making these investments, but just in a company like Nvidia, how does he marshal the commitment to be able to be that forward thinking in the way that he is attacking this big problem?

And you've written that he basically thinks like, hey, we're 30 days going out of business at any given time.

you earned and you were given kind of unparalleled access to Nvidia, Jensen, his team.

What was the thing that impressed you the most?

And what was the thing that maybe surprised you or maybe even unnerved you about learning about Jensen?

Well, Trav, I think the start of the year, right, there was a little bit more of kind of, hey, how is the market shaping up with so much of the tech spending?

There's just trillions going into data centers.

And that pivoted very quickly towards the Iran war, the activities going on in the Middle East, and the impact on not just oil prices, but now I think more and more it's what are the ripple effects to those increases?

Oil prices are going to percolate.

If they stay elevated throughout the economy,

How is that going to impact consumer spending?

How is that going to impact investor appetite?

And so I think the markets have started shifting as we're thinking, gosh, where is the value going to be?

Not just for individual investors, but also for institutional investors.

And so much of that capital now has started to flow a little bit more towards things like energy and materials in the marketplace, energy consumption.

is up more than 30% so far this year, but the overall impact into the market, whether it's a NASDAQ or just the S&P 500 for energy is relatively small.

So you haven't really seen the impacts and that's been, even though the investing appetite has shifted,

You haven't seen that show up in the general markets because energy is just such a smaller part of the investment landscape and of the indices.