Angelo Zeno

Yeah, I mean, listen, as far as kind of Monday morning is concerned, it starts off on a sour note.

I was up at 4 or 5 a.m., which is when I typically wake up, and I already had a number of inquiries in my inbox from investors out in Europe. And what are those investors like? Angelo, you told us American AI was the future. Yeah, I mean, listen, who are the winners? Who are the losers from this? What exactly is happening?

DeepSeek topped the App Store chart and kind of got ahead of OpenAI. I think it kind of, you know, put the technology right in the eye of the storm for investors out there.

So when you kind of look at some of the names that got hit the most, I mean, essentially chip makers that are heavily exposed to the data center market. And, you know, that would include Broadcom, Marvell, Micron. Is it Marvell? I've been saying Marvel this whole time. Like a nerd who reads comics. Okay. Whoops. So Marvell, specifically NVIDIA, was the one that got the most attention out there?

So listen, we went bullish on NVIDIA actually in March of 2020. Yes, we have continued to pound the table on NVIDIA. As recently as kind of a week or two ago, we do think they have the most important intellectual property probably in the world. Right, but...

It doesn't look good. And it's definitely not an easy conversation to have.

We didn't say sell your NVIDIA shares. We continue to have a buy recommendation on the shares.

Right, especially on that day. I mean, when the stock was down, I believe it was 18 or 19%. We did think that was an overreaction.