Stephanie Flanders

all of that is going to go a long way to sort of dictating sentiment towards AI over the coming months.

When it comes to Apple, a little bit of a unique situation there.

The real focus is going to be how much memory chip prices have increased in recent months.

If they indicate that that's going to be a real headwind to their margins or their overall growth, that's going to be something to watch there.

That was something we were thinking about with Intel and itself, the valuation got crazy more than TSMC.

Briefly, Ryan, where do we stand on valuations?

It does seem like a lot of people feel like Intel's valuation got kind of ahead of itself.

I think the stock rose about 180% off of a low hit last year.

That's a very steep move for a company of this type, especially one that's undergoing this sort of really fundamental and dramatic transformation.

There's a lot of skepticism still about how well they're going to be able to

get their foundry business kind of up and running and able to compete with some of the bigger players in the market.

So very much a show me story, a turnaround story that remains in progress.

And I think a lot of people just looked at how much it moved since a lot of those moves kind of came on, you know, limited news.

Bloomberg's Ryan Veselica, thank you very much.

That does it for the edition of Bloomberg Tech.

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I'm Stephanie Flanders, head of government and economics at Bloomberg.