Brianne Doherty

is we're not just talking about where we are right now with AI.

We're talking about an AI to quantum continuum, right?

We're talking about this continued acceleration and where we're going to see and continue to prove it, right?

So even if it's that you're thinking, okay, well, what if some costs come down or what if the power needs come down?

Well, the demand elasticity is just so strong that for every little bit of efficiency you gain, you're going to gain some extra demand that's going to drive a next new evolution.

So we're really looking at this as continuum and investing through that type of disruption.

I mean, it's not easy.

It's not without tension.

So while there's tons of opportunity, we are flagging, we've talked about this previously, about this potential tension that can come with that.

In 2026, we're seeing over the last few weeks, we get a lot of pullbacks, right?

We see a lot of optimism.

What we're seeing is investors' fear of missing out, right?

Really wanting the innovation, but also every now and then pivoting to a risk off.

And that tension is something that we think is going to persist through 2026.

nothing's impossible yeah right um and yes it does make for good dinner side conversations what we're like and the way we approach this is we look very much the theme holistically right it's one of the reasons why we say picking single individual winners and losers is really tough when you're talking about investing through disruption we really look at benchmark indices

That's one of the reasons why, you know, the way we create our work is very much looking at that benchmark approach, understanding that as these systems evolve, you're going to find new connections, new correlations.

And that's really a way to continue investing through disruption without that vulnerability.