What to Buy When the Tech Sector is On Sale — ft. Mark Mahaney
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What market trends are impacting tech stocks?
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Today's number, 50%. That's how much more often British people apologize than Americans do. So I'd like to apologize to all our listeners that I have not yet offended. It's coming. It's coming. Ed, true story. When I started at Morgan Stanley, I was consistently late. And I thought of an interesting apology in the all hands meeting said, I want to apologize for being late. I was at home not being miserable. Yeah, it's not very good, is it? I got to come up with something better. All right, you talk. I'll find something better. What do you want me to talk about? I apologize for slapping you twice, but I needed to slap both faces. Get it? Two-faced? This is going nowhere, Ed. This is going nowhere. Keep throwing. See if anything sticks.
I promise to do a better job at hiding how much you annoy me, Ed. Finally some truth. I'm like Don Rickles minus the talent right now. I do love that statistic. I think it's very true. We apologize way too much. You think? In fact, just before we recorded, yeah, I went to the bathroom and then I came back into the recording session. I was like, sorry. And everyone laughed at me. I shouldn't be apologizing for going to the bathroom. No, they were laughing because as soon as you said, I want to go to the bathroom, I'm like, I said to our technical director, can you make the mic more sensitive? I'd like to hear his stream because I bet it's like a fucking Niagara after a big rain. I'm telling you, Ed, you should literally hold it and then go into the bathroom and literally let that flow run wild, my brother.
Make it like the Amazon River. Because I'll tell you, you get to my age and it's like a baby bottle dribbling. It's just so upsetting. Okay. I'll send you a recording next time. How's that? I'd appreciate that. I'd appreciate that. But before we do that, let's get to the headlines. Finally, banter is over. You have permission to do what we're paid to do here.
Huawei is preparing to test a new AI processor designed to rival Nvidia's H100 chip. This move comes after China's President Xi Jinping pledged to make self-reliance a top priority as China ramps up its AI development. Apple plans to source all US iPhones from India by the end of 2026. The move will double its production output in the country as Trump's tariffs drive Apple out of China. And finally, Spotify's monthly active users rose 10% to 678 million in the first quarter. However, the stock fell 7% after its user forecast for the current quarter missed expectations. CEO Daniel Ek warned that broader economic uncertainty could bring some, quote, noise in the short term. So let's start here with this Huawei news.
Huawei, which is the Chinese company, they are building a new chip that will supposedly rival Nvidia's best chip, which is the H100. And Nvidia stock fell more than 2% after that was announced. I just want to point out, We should probably take this with a grain of salt, because Huawei has made these kinds of claims in the past, and so far, none of them have really panned out.
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Chapters
6 chapters
1
What are the implications of Huawei's new AI chip?
8:39–19:58
2
How is Apple shifting iPhone production to India?
19:58–58:06
3
What are Mark Mahaney's top internet stock picks?
58:06–58:48
4
Why is Amazon considered a top stock right now?
58:48
5
How does Spotify compare to its competitors in the podcast space?
35:30
6
What market trends are impacting tech stocks?
0:00–1:03:25
Speakers
6 identifiedMore from Prof G Markets
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