James Chokmok

So, you know, we're looking at it from a long-term standpoint, the optionality on all those areas that you listed, from robotics to self-driving, autonomous driving.

And, you know, that's where the opportunities lie and that's why we're invested in it.

But at the valuations that it's at and, you know, question marks around, you know, the demand side and give it a macro backdrop,

You know, we just think, you know, it's prudent to be cautious with it, but still maintain a small position in the portfolio.

At this time, I got to listen to the call, see see what happens.

I mean, but you could hear you could hear something today.

if and only if it provides a change in my estimates.

Because really one of the things that I focus on, I prioritize is what is the degree of the change in the estimates in absolute terms?

And also what is the percentage change in estimates?

And what is the percentage change in the rate of growth?

because with these companies, with these valuations, you have to be able to show the sustainability of those growth curves.

Without that sustainability, then you come into questions about the sustainability of the valuations.

And with these valuations being where they are, not only from a stock perspective, but the market perspective, one little thing can cause things to break.

I mean, you saw what happened with Intel last week, down 17% on that quarter.

And this is a company that the White House

um is backing so um you know it doesn't take it takes an instant you know to break the valuation even though it takes a long time for that valuation to expand so you got to be careful