Ed Cole
speaker
303 appearances
1 recordings
1 series
first heard Jun 2026
last heard 29 Jun
Ed Cole’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jun 2026 with 1.
Appearances
Much more energy, energy-intensive.
Much more energy-intensive, yeah, much more powerful logic semiconductors.
So they do the thinking.
That's the semiconductor that does the thinking.
And a CPU is a much more basic version of it.
It's what we all used to have in our home PCs before there was a sort of step change in technology.
In other words, it's a more basic function, less powered and requires less energy intensity to make it work.
And I think it's, you know, there's been a story you and I spoke last year, not a million miles after the deep seat news.
And in many ways, it's a sort of continuation of the same thing that you don't have to keep throwing the most leading edge chip at everything in order to push things further.
There's an awful lot about the way you engineer these processes.
I absolutely agree.
I think the argument I said, the sort of bull's argument that it's not a bubble because earnings revisions have been so powerful.
If earnings collapse because monetization doesn't work, the market's going to look a hell of a lot more expensive.
I think a fascinating prism to look at this through is actually that those Korean semiconductor memory companies, those have historically been cyclical.
The way we treat a cyclical company, the orthodox way to treat a cyclical company is you sell it when it's cheap because its earnings revisions, they're not going to stay up there.
You grow up in this business learning to sell those things when they're cheap and buy them when they're expensive.
If, in fact, this is not a secular trend in earnings, but a cyclical or a blow-off moment or a bubble, as you call it, then actually what we're going to find is that the market's a hell of a lot more expensive than it looks.
Yeah.
And I think the other thing- Extreme, but normal.
Extreme, yeah.
Showing 81–100 of 303 · page 5 of 16
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