Robert Peston

I absolutely think it continues to have a lot of weight behind it.

Now, what I also see when I look at the numbers is that there's been sort of a clear shift in investment strategy towards evidence-based investment rather than just spending on faith alone.

We absolutely saw this with how investors responded to share prices following the earnings release back in October.

It's been great having you.

Come back soon, Natalie Gallagher.

She's principal economist at Board.

We appreciate it.

Look, Ed just teased us.

Applied materials.

Let's go there.

I'm just going to flip on from Tesla and Nvidia and show you what's happening in applied materials stock right now because we're off now only by three tenths of a percent.

This company was sinking as much as six percent at the opening of trade.

We were worried about the current quarter sales that are suffering.

Largely because of a decline in Chinese business in particular.

That is a significant about 30%, let's call it 29% of total fourth quarter sales were from mainland China and they declined some 8% year on year.

What are we thinking about this fiscal year?

Look, we've just been talking about tariff said and we know the outlook isn't great, but it's interesting how much this stock wants to rebound, how much the market wants to rebound right now.

Yeah.

Coming up, former OpenAI executive Meera Marathi's startup, Thinking Machines Lab, could soon rank among the world's most valuable private companies.

We'll give you the latest in the funding talks next.