WEBVTT - Single Best Idea with Tom Keene: Mandeep Singh & Sonal Desai

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News single Best Idea Hyperscaler Edition.

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<v Speaker 1>It was just a whole ton of conversation error as

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<v Speaker 1>we lift off the five six eight day AI Hyperscaler,

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<v Speaker 1>fear and all that. Man Deep Sing I had a

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<v Speaker 1>long conversation with him yesterday up in the acclaimed food court.

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<v Speaker 1>I took notes. I listened because he really knows what

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<v Speaker 1>he's talking about. Man Deep sing on this moment for

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<v Speaker 1>the hyperscalers.

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<v Speaker 2>All the hyperscalers, we started the year thinking they're going

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<v Speaker 2>to grow their cap at thirty percent. Now that number

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<v Speaker 2>is sixty percent. Some of that increases because of memory prices,

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<v Speaker 2>but then you are also seeing an increased plans to

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<v Speaker 2>add capacity, and that's where an Nvidia willa likely have

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<v Speaker 2>upside to their numbers tonight. The question still remains around

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<v Speaker 2>the sustainability of growth, because when you are growing seventy

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<v Speaker 2>percent at the scale that Nvidia is at, you know,

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<v Speaker 2>three hundred billion dollar run rate for twenty twenty six,

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<v Speaker 2>the growth rates will taper. It's a given.

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<v Speaker 1>Mandeep Sing there, I can't say enough about what Bloomberg

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<v Speaker 1>Intelligence is built. Man Deep Singer, anarag Roda in credit

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<v Speaker 1>Robert Schiffman publishing daily on the debt and the dynamics

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<v Speaker 1>of the debt of the hyperscalers, the Max seven crew,

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<v Speaker 1>it's a huge value. Add most of that you're going

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<v Speaker 1>to get at the Bloomberg terminal. One of the cool

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<v Speaker 1>things about the show and I have this phrase rip

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<v Speaker 1>up the script, which is we can rip up the

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<v Speaker 1>script and go to the news, or we can rip

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<v Speaker 1>up the script and get incredible valuable insight that you

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<v Speaker 1>wouldn't expect from somebody with a different conversation. Chanel Desaill

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<v Speaker 1>of Franklin Templeton, the CIO of all of their huge

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<v Speaker 1>fixed income platform, you'd expect from her a typical fixing platform.

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<v Speaker 1>We took an audible today and we ripped up the script.

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<v Speaker 1>How do the major firms take in the debt of

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<v Speaker 1>the hyperscal is here's Sonelda Si Franklin Templeton.

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<v Speaker 3>I would say that these hyperscalers essentially are dictating to

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<v Speaker 3>the street. And this is the truth over the last

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<v Speaker 3>year when we look at the sheer volume of debt

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<v Speaker 3>which has been issued, that there is a certain amount

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<v Speaker 3>of expectation of some indigestion as we go further into

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<v Speaker 3>this year, because even those initial assumptions that we would

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<v Speaker 3>have around our trillion of issues this year has now

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<v Speaker 3>picked up to over seven hundred billion this year itself.

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<v Speaker 3>I'd say that we're watching all this with some question.

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<v Speaker 3>It's not that we think the deals will go bad,

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<v Speaker 3>but sprints are likely to take a bit of a

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<v Speaker 3>hit from the quantity.

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<v Speaker 1>Of share all you center to side. They're very valuable

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<v Speaker 1>for Global at Wall Street, trying to find the entire

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<v Speaker 1>file out at Bloomberg and at the video Hub as

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<v Speaker 1>well a new project for Bloomberg all of our videos

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<v Speaker 1>combined together at Bloomberg dot com. On podcasts, we're on Apple,

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<v Speaker 1>We're on Spotify, on YouTube podcasts. It's single best idea.