Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The single best idea very quick today, great conversations. Let
Speaker 2: us about the word. Jumana Brissecci on day ninety joining
Speaker 2: us with terrific perspective up the Persian Gulf to Kuwait
Speaker 2: and a rock. We th really thank her for that effort.
Speaker 2: Later in her day in London, but a set of
Speaker 2: good conversations, Emily Roland in studio thrilled that she could
Speaker 2: join us with John Hancock. Emily Roland on this AI market.
Speaker 3: The entire stock market's becoming an AI market. Like you
Speaker 3: look down in market cap, it's more AI coming into
Speaker 3: those indices. You look at tom value this year is
Speaker 3: handily outperforming growth. Guess what's in value semiconductor stocks because
Speaker 3: their earnings are so good. The global imconduct Her indexes
Speaker 3: up over one hundred percent over the past year. Guess
Speaker 3: what their earnings are up over one hundred percent over
Speaker 3: the past year. So the valuations have actually cheapened up
Speaker 3: a little bit. So AI is really driving markets globally.
Speaker 3: We have to be careful about diversification, and we're looking
Speaker 3: for other areas to play the AI power demand story,
Speaker 3: whether it's around utilities, whether it's around industrial companies, the
Speaker 3: picks and shovels around AI. I think that trade has
Speaker 3: some legs.
Speaker 2: Emily rolling there, Paul Sweeney heading down to his University
Speaker 2: of Richmond, and we had a moment where with our
Speaker 2: AI we looked at the data centers around Richmond. I
Speaker 2: can't emphasize the cocoon we're in up in New York
Speaker 2: City versus the buildout around some of our great cities
Speaker 2: across this nation. I mean, in Richmond alone, Google has
Speaker 2: like Project Peanut, and there's like three other massive data
Speaker 2: centers going up. It's a whole other world out there
Speaker 2: as well. Aaron McLaughlin knowns that she's at the conference board.
Speaker 2: She's really really wonderful about economics and infrastructure. Aaron McLaughlin
Speaker 2: on the Internet of years ago in the AI of now.
Speaker 4: I think the big question is how does it benefit us?
Speaker 4: How does it benefit you know, your average US consumer.
Speaker 4: How does it benefit executives, managers, the workforce. I think,
Speaker 4: you know, we were all very excited about the Internet,
Speaker 4: you know, back in the late nineties, because we saw
Speaker 4: it as a way to share information in a way
Speaker 4: to connect. Now it's like, is this a story about
Speaker 4: scarcity or is it a story about real advantage?
Speaker 2: Aaron McLoughlin, The Conference Board on podcasts at Spotify, at
Speaker 2: Apple on YouTube podcasts growing each and every day, single
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