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cover of episode Jeff Richards on the AI Revolution: Winners, Losers & Investment Opportunities

Jeff Richards on the AI Revolution: Winners, Losers & Investment Opportunities

2025/2/12
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On The Tape
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D
Dan Nathan
知名金融分析师和评论员，常在 CNBC 上提供市场分析和评论。
G
Guy Adami
经验丰富的华尔街交易员和金融分析师，知名媒体人物。
J
Jeff Richards
Topics
Dan Nathan: 我认为公开市场上的生成式AI交易主要集中在少数几只股票上,例如英伟达。虽然最初这种趋势试图扩展到其他公司,如AMD和存储领域的Micron、Western Digital和Seagate,以及服务器制造商SMCI和Dell,但最终还是集中在少数几家超大规模企业上。投资者对这些企业的第四季度业绩和2025年资本支出指导的反应有些反常,例如,微软、谷歌和亚马逊在发布业绩后股价均出现下跌。 Jeff Richards: 我认为DeepSeek新闻引发的股市波动表明AI成本正在降低,这对整个行业来说是一个积极信号。当前的资本支出与互联网泡沫时期不同,因为现在的基础设施是为已存在的市场而建。我认为软件行业将受益于芯片和基础设施的建设,小市值软件公司可能会成为新的增长点。 Guy Adami: 我认为沃尔玛和Facebook的利润率改善得益于AI的应用,并因此在估值和股价上得到了回报。但长期来看,公司需要看到AI投资的回报,否则持续的高资本支出可能会受到质疑。

Deep Dive

Shownotes Transcript

Dan and Guy welcome Jeff Richards, Managing Partner at Notable Capital), for an in-depth conversation on tech trends and market movements. The discussion covers Q4 results, the performance and future outlook of major tech players like NVIDIA, Google, Meta, and Microsoft, and the evolving landscape of generative AI. Jeff shares insights about public and private markets, the impact of AI on business efficiency, and the potential of small-cap software companies. The conversation also explores interest rates, labor market dynamics, and the future of autonomous driving, touching on strategic M&A opportunities. Jeff highlights the importance of innovative leadership and looks forward to the potential for new IPOs in the tech space.

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