Anthony Macdonald

I mean, it's also selling sort of energy systems for Caterpillar as well, trying to hitch in on this energy transition story.

Investment firms like Solpats, they're saying, don't forget about us.

We have this big electrical engineering business that we own.

Real estate companies are either selling land to data center developers or doing JVs to develop on their land.

You've got the miners talking up their copper.

Like I said, there's just so many of these AI stories out there at the moment, which

You don't have to be a full bull to believe that these companies should benefit in some way.

There's just that much spending going on.

Second lesson for me, James, this one's been coming for a while, but it hit home for me when I was listening to JB Hi-Fi.

This health, beauty, wellness...

wearable sort of trend is huge.

Watch JB Hi-Fi's product range evolve over the next few years.

Everything from meta glasses to face masks that make your skin better, all this sort of stuff.

We're going to have so much more stuff to plug in at home.

And JB Hi-Fi, it's only going to sell it if there's demand for it.

And they say...

You probably don't notice it day by day, but what we're selling in stores is changing a lot.

And it's skewing towards this health, beauty, wellness category that's really come from nowhere.

Remember, it used to just be the supermarkets with an aisle of shampoo or whatever, and that's all we really thought of it.

Well, now it's changing what the K-marts and the big department stores are selling.