Braden Is Back to Talk AI, Jobs, Power Bottlenecks & Canada’s Future
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What is the main topic discussed in this episode?
Investing is simple, but don't confuse that with thinking it's easy. A stock is not just a ticker. At the end of the day, you have to remember that it's a business.
Just my reminder to people who own cyclicals, don't be surprised when there's a cycle.
If there's uncertainty in the markets, there's going to be some great opportunities for investors. This has to be one of the biggest quarters I've seen from this company in quite some time.
Okay. We are live now on X on YouTube and shortly Instagram for the Canadian Investor Podcast. Me and Simone have been doing these regular macro chats. And one of the big things that people ask us about is AI, AI impact on the job market, on the stock market. And we wanted to get the The AI got himself on here to talk to us about what's happening in the space. So we're very fortunate to have Brayden back on the show and talking to us a little bit about the AI space. So what are we going to go through today, Samal? And then what are we hoping to cover?
And Dan, what are we looking like live in the room right now? Is this a real estate audience? Is it the podcast audience?
Who am I speaking to? It's real estate and tech. Yeah, it's real estate and tech. So it's like, it's Toronto Tech Week event for real estate. So the event's called AI Meets Real Estate. It's just a bunch of people going through a bunch of different tech. We've had like vendors, construction tech, AI for real estate, AI for finance, AI lawyers, like, I don't know if you know, like OwnRight. Yep. Yeah, groups like that. Yeah.
Brilliant. Okay.
Yeah, yeah. Topics, I mean, I don't know if we'll get to all of them, but what we were thinking about talking, so how AI is changing industries, whether it's creating jobs or job losses, what industries are changing the most, what the stock market has been doing, what we've been seeing for earning season on the AI front, bottlenecks, compute. So what could be limiting the expansions right now? And then comparison to the dot-com bubble. Is it a fair comparison or not? So I have some interesting thoughts on that. And then the China versus US model and computer supply chain as well, if we can get to that. So it's a pretty jam-packed. In terms of topics, so we'll see. I don't think we'll get to all of them, but let's give it a try.
Let's do it. Sounds good.
So, I mean, like AI is obviously all the hype right now in the stock market space. You're seeing like, we got three, I think three new IPOs on deck. What is it?
How is AI impacting the job market today?
Three new trillion dollar IPOs on deck. Obviously going to pull a lot of capital away. What do we think? Like, I mean, maybe we'll start with the hardest question first. Is this the bubble that everybody's describing it to be? Is it a worthy comparison to the market that we saw during the dot-com bubble, as an example? The one thing that stands out to me is revenue. These companies actually have revenue by comparison to dot-com. But I don't know. What do you guys think in there?
There is air pockets of a lot of hot air. Don't get me wrong. But I think... Comparing it to .com bubble is a disservice to the .com bubble. We had people buying domain names and then immediately calling Goldman Sachs to go public. There was five, six IPOs a day of size of people actually looking for exposure to the .com bubble. And so are there pockets of hot air? Yes. But I mean, the infrastructure player of all infrastructure players right now in NVIDIA, I mean, it's not like it's trading at a bajillion times sales. Like I think, you know, it's trading at next year's 20 times profits, you know, and 22 times next year's free cashflow. So I think calling it a bubble is... A disservice or comparisons to the dot com bubble is not remembering history very well because dot com was truly insane.
So I will say there are pockets of hot air, but at the same time, there's actually a lot of rationality. There's a lot of use for what's happening right now. Human's demand for three things is insatiable right now. Electricity, compute, and data. Those are like, that's the salt and pepper of tomorrow's economy right now.
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