Damien Boey

speaker

79 appearances 1 recordings 1 series first heard Jun 2026 last heard 29 Jun

Damien Boey’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jun 2026 with 1.

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FEAR & GREED | Business News · Q+A: Is the AI investment boom starting to crack? · 29 Jun 2026 podcast

And so what that's caused is everybody just to say, you know what, we'll just buy the best things that are available in the US that are supported by the plumbing and low rates and whatnot.

And now you get to the present where everything is super crowded and then it's where to from here.

And so we're now getting to the point where we have to really think about, you know, the financial markets moving around is one thing, but will the rubber hit the road and actually trigger Fed tightening and inflation pressure?

That's the million dollar question now.

So what's really interesting is the dichotomy between software and hardware.

So SaaSpocalypse is all about the software side selling off.

That's all about the idea that AI will somehow replace a lot of the software platforms that we have out there.

And then the hardware stuff is what remains.

And that's very tangible in terms of the pipeline of spending that has to happen and just the visibility of earnings there.

So I think that's where that sits.

And then, of course, when you're talking about NextDC and Goodman, you are talking about companies that are rate sensitive, almost like REITs.

So if you get any sniff that bond yields have peaked in Australia because, say, the RBA is close to finishing with its rate hike cycle, then naturally some of these stocks might get a bit of multiple expansion.

And so that's the local dynamic.

And then you've had this global dynamic in the backdrop.

What's been really, really interesting, I think, is if you wanted to play AI hardware memory chips in Australia, I would dare say that people don't play them strictly through Goodman and NextDC, although they should be the best candidates for doing that.

I think people are actually doing that through the resources companies.

Because what's happening now is that people are looking at copper and the requirements for copper to build out all these data centers, to build out all this infrastructure and electrification in China and so on and so forth.

So they're actually buying resources companies as that sort of second or third derivative proxy, which personally I think is very, very dangerous because it's not exactly the same thing.

But that's what people have been doing.

And to my mind, if you're sitting there as Kevin Walsh or you're sitting there at the RBA and you're asking yourself the question, is the AI spend inflationary or disinflationary?

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