Jon Quast

Just for me, having that cash already there, I can sit tight with the investments that I have, not panic.

But I also have cash available to take advantage of the bargains that I'm seeing out there.

And that really makes me feel good about the bear market rather than panicking about all my stocks being down.

Absolutely.

And I'll tell you, Travis, one of the things that has really caught my eye when it comes to this AI infrastructure build-out is just how much more these companies want to do.

They've spent hundreds of billions of dollars already, and yet when you look at their roadmap, if you will, they haven't even come close to what they want to deploy and what they want to build and what they want to spend.

And so if it's already...

just bringing in some questionable debt for some players, there's going to be a lot more debt coming online because there's so much more left to do.

When you think about superintelligence, this is what many of them are aiming for.

This is where AI is smarter than human beings in all domains.

That's going to take

A lot.

I think that the only real plan that we have up to this point is just deploying more GPUs.

We're talking more data centers.

We're talking about more power.

Sam Altman, on the record, wanting 250 gigawatts of electricity by 2033.

Yeah, I think that that is as much as the country of India.

So I mean, it's astronomically large.

That's going to take a lot of money to even approximate what they're shooting for.

And so yeah, there could be a lot more debt in coming years to build this out.