WEBVTT - Single Best Idea with Tom Keene: Emily Roland & Erin McLaughlin

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The single best idea very quick today, great conversations. Let

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<v Speaker 2>us about the word. Jumana Brissecci on day ninety joining

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<v Speaker 2>us with terrific perspective up the Persian Gulf to Kuwait

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<v Speaker 2>and a rock. We th really thank her for that effort.

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<v Speaker 2>Later in her day in London, but a set of

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<v Speaker 2>good conversations, Emily Roland in studio thrilled that she could

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<v Speaker 2>join us with John Hancock. Emily Roland on this AI market.

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<v Speaker 3>The entire stock market's becoming an AI market. Like you

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<v Speaker 3>look down in market cap, it's more AI coming into

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<v Speaker 3>those indices. You look at tom value this year is

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<v Speaker 3>handily outperforming growth. Guess what's in value semiconductor stocks because

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<v Speaker 3>their earnings are so good. The global imconduct Her indexes

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<v Speaker 3>up over one hundred percent over the past year. Guess

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<v Speaker 3>what their earnings are up over one hundred percent over

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<v Speaker 3>the past year. So the valuations have actually cheapened up

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<v Speaker 3>a little bit. So AI is really driving markets globally.

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<v Speaker 3>We have to be careful about diversification, and we're looking

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<v Speaker 3>for other areas to play the AI power demand story,

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<v Speaker 3>whether it's around utilities, whether it's around industrial companies, the

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<v Speaker 3>picks and shovels around AI. I think that trade has

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<v Speaker 3>some legs.

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<v Speaker 2>Emily rolling there, Paul Sweeney heading down to his University

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<v Speaker 2>of Richmond, and we had a moment where with our

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<v Speaker 2>AI we looked at the data centers around Richmond. I

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<v Speaker 2>can't emphasize the cocoon we're in up in New York

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<v Speaker 2>City versus the buildout around some of our great cities

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<v Speaker 2>across this nation. I mean, in Richmond alone, Google has

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<v Speaker 2>like Project Peanut, and there's like three other massive data

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<v Speaker 2>centers going up. It's a whole other world out there

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<v Speaker 2>as well. Aaron McLaughlin knowns that she's at the conference board.

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<v Speaker 2>She's really really wonderful about economics and infrastructure. Aaron McLaughlin

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<v Speaker 2>on the Internet of years ago in the AI of now.

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<v Speaker 4>I think the big question is how does it benefit us?

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<v Speaker 4>How does it benefit you know, your average US consumer.

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<v Speaker 4>How does it benefit executives, managers, the workforce. I think,

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<v Speaker 4>you know, we were all very excited about the Internet,

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<v Speaker 4>you know, back in the late nineties, because we saw

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<v Speaker 4>it as a way to share information in a way

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<v Speaker 4>to connect. Now it's like, is this a story about

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<v Speaker 4>scarcity or is it a story about real advantage?

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<v Speaker 2>Aaron McLoughlin, The Conference Board on podcasts at Spotify, at

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<v Speaker 2>Apple on YouTube podcasts growing each and every day, single

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<v Speaker 2>best idea