Jordi Visser

The same thing's going to happen with profit margins.

Once you get more compute and you're replacing hiring and your profit margins are rising as a company that's been bloated,

Three years from now, it's gonna be even better.

So that story, people are gonna start focusing on companies that are probably have a value component where estimate revisions are going higher.

This is a major shift and I've said it before, the biggest risk for this year is the size of growth funds versus the size of commodity funds, the size of growth versus value, the size of quant strategies that are momentum based.

I think this is a massive shift that will last for more than a year

Three years, this bottleneck will never go away.

And Elon Musk said it, we can't get power fast enough.

You don't look like a believer in data centers in space.

No, no, no.

There's a difference between what can work and when it'll work.

Okay.

And I think we've learned with Elon Musk that he's seldom wrong on what can work.

I mean, remember, he said, we'll have a hyperloop.

Well, we don't have a hyperloop.

We're never going to have a hyperloop.

And there's always some kind of constraints that comes from the current infrastructure, the government friction, whatever, that doesn't make it viable.

And then some other cheaper region starts to come in.

So he's...

I would never bet against him.