Steph McGovern

Hema Parmar, we appreciate it.

Meanwhile, all eyes on NVIDIA Fundamentals.

As the company reports earnings on Wednesday, Chris Larkin over at E-Trade from Morgan Stanley saying, look, the monthly jobs report would normally dominate the week's economic calendar.

But with the AI trade struggling the past couple of weeks, NVIDIA's earnings are once again looking like a key piece.

of the market's momentum puzzle.

Here to break it down, Ian King, because look, we can see companies and hedge funds maybe selling their entire holdings of Nvidia, but the fundamentals look pretty strong right now, Ian, it seems.

I mean, extraordinary.

We're anticipating, what, $55 billion worth of overall sales coming on the quarter, Ian.

There is areas where we could perhaps get a bit more granularity, whether it's concentration of certain end users, but also whether we're going to get any access to China.

But he has been very clear on the opportunity of sovereign AI more broadly.

So do you think you'll get more of a global perspective there of other end users, whether it be governments or whether it be other enterprises?

Ian King, thank you very much.

It's going to be a busy week as always for you.

Meanwhile, let's get the broader tech view as investors, of course, are gearing up for NVIDIA's results this week.

Jay Jacobs is with us, BlackRock head of U.S.

equity ETFs.

You've had some phenomenal success with certain of the ETFs you've offered this year alone in terms of actively managed AI bets.

NVIDIA are key holding.

How much of an impact will it make on general sentiment, do you think?

In the last couple of weeks, we have seen more anxiety, though, and you've seen downward pressure on some of the biggest AI winners, Jay.