Asa Fitch
speaker
71 appearances
1 recordings
1 series
first heard Aug 2025
last heard Aug 2025
Asa Fitch’s voice in public audio — every appearance, attributed to the second.
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Appearances
What's another $10 billion?
What's another $100 billion?
This is a ton of money that's being thrown at AI because these companies believe it's just an indispensable, critical technology that's going to drive their futures.
So the spending bonanza, it's running.
I would say it's not necessarily odd.
If you look at past tech transitions where we've seen a Russian investment, most notably, of course, prior to the dot-com bubble crashing situation.
It has been the picks and shovels companies that have garnered the biggest valuations.
At one point, Cisco was the largest company in the world for a very brief moment, not like NVIDIA in this run up.
But if you look at historically, it's quite typical for the providers of the basic hardware and technology during a boom to run up faster.
And then maybe assuming the trajectory continues and the technology actually pans out, the others come up behind it.
Maybe they should be concerned.
If you look at how big Amazon's AWS is growing, they grew at 17.5% in the last quarter.
And that's
in line with expectations.
It's not some crazy disappointing number, as you alluded to earlier.
The thing is, Microsoft's cloud business was up 39%, and Google was up 32%.
So if you're sitting there at 17.5%,
You don't look too great.
Now, Amazon, in its defense, its CEO, Andy Jassy, in a call with analysts after a report, essentially said that we're a bigger business, so it's harder for us to grow.
Amazon Web Services makes over $100 billion a year.
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