Brian Stewart

this last quarter, which obviously is very strong, but it's down from 112% growth in the previous quarter. And that number was in the 400% range a year ago. So you're seeing kind of the peak of AI growth passed for NVIDIA. And so the question is sort of where is that growth number going to settle in?

this last quarter, which obviously is very strong, but it's down from 112% growth in the previous quarter. And that number was in the 400% range a year ago. So you're seeing kind of the peak of AI growth passed for NVIDIA. And so the question is sort of where is that growth number going to settle in?

this last quarter, which obviously is very strong, but it's down from 112% growth in the previous quarter. And that number was in the 400% range a year ago. So you're seeing kind of the peak of AI growth passed for NVIDIA. And so the question is sort of where is that growth number going to settle in?

The only thing I note in terms of just general stock performance is that chips are down generally. And this isn't even just in response to NVIDIA earnings. This is over the past week. So we have AMD down 9%. ARM is down 10%. We'd kind of flagged Arm as a good AI bellwether just because it was part of the growth plan that people had put in place. And then Broadcom and Micron are also down.

The only thing I note in terms of just general stock performance is that chips are down generally. And this isn't even just in response to NVIDIA earnings. This is over the past week. So we have AMD down 9%. ARM is down 10%. We'd kind of flagged Arm as a good AI bellwether just because it was part of the growth plan that people had put in place. And then Broadcom and Micron are also down.

The only thing I note in terms of just general stock performance is that chips are down generally. And this isn't even just in response to NVIDIA earnings. This is over the past week. So we have AMD down 9%. ARM is down 10%. We'd kind of flagged Arm as a good AI bellwether just because it was part of the growth plan that people had put in place. And then Broadcom and Micron are also down.

So I don't think it's a NVIDIA-specific story. I think this is a market referendum on the AI situation in general. So I think that it's kind of TBD about where things are going. I think for the most part, people are happy to just tread water at this point and wait for more data.

So I don't think it's a NVIDIA-specific story. I think this is a market referendum on the AI situation in general. So I think that it's kind of TBD about where things are going. I think for the most part, people are happy to just tread water at this point and wait for more data.

So I don't think it's a NVIDIA-specific story. I think this is a market referendum on the AI situation in general. So I think that it's kind of TBD about where things are going. I think for the most part, people are happy to just tread water at this point and wait for more data.

Yeah, so next week we have Broadcom coming out on Thursday. We have Marvell as well. So there is going to be some data points in the chip area on the horizon. So those are two key areas to look for for next week. If we broaden the lens a little bit and look for technology in general and not just chips, we have a bunch of cybersecurity companies coming out next week.

Yeah, so next week we have Broadcom coming out on Thursday. We have Marvell as well. So there is going to be some data points in the chip area on the horizon. So those are two key areas to look for for next week. If we broaden the lens a little bit and look for technology in general and not just chips, we have a bunch of cybersecurity companies coming out next week.

Yeah, so next week we have Broadcom coming out on Thursday. We have Marvell as well. So there is going to be some data points in the chip area on the horizon. So those are two key areas to look for for next week. If we broaden the lens a little bit and look for technology in general and not just chips, we have a bunch of cybersecurity companies coming out next week.

I think the biggest of those is going to be CrowdStrike. CrowdStrike is down... was down sharply last year after its highly publicized outage in July, but has crawled back above those levels recently. However, it reached a 52-week high early this month, but it's seen a dip lately.

I think the biggest of those is going to be CrowdStrike. CrowdStrike is down... was down sharply last year after its highly publicized outage in July, but has crawled back above those levels recently. However, it reached a 52-week high early this month, but it's seen a dip lately.

I think the biggest of those is going to be CrowdStrike. CrowdStrike is down... was down sharply last year after its highly publicized outage in July, but has crawled back above those levels recently. However, it reached a 52-week high early this month, but it's seen a dip lately.

So I think those earnings are going to be key for CrowdStrike specifically about whether or not it's sort of moved past that outage and is back to sort of regular business as usual.

So I think those earnings are going to be key for CrowdStrike specifically about whether or not it's sort of moved past that outage and is back to sort of regular business as usual.

So I think those earnings are going to be key for CrowdStrike specifically about whether or not it's sort of moved past that outage and is back to sort of regular business as usual.

And then I think just looking at cybersecurity in general, I think that's an interesting place to look for technology in general, but also as we look at the new Trump administration spending priorities, whether or not companies with strong public balance sheet, as you will, strong governmental revenues, whether those companies are worried about cuts coming up.

And then I think just looking at cybersecurity in general, I think that's an interesting place to look for technology in general, but also as we look at the new Trump administration spending priorities, whether or not companies with strong public balance sheet, as you will, strong governmental revenues, whether those companies are worried about cuts coming up.