Speaker
Kai Wu
8 bits across the podcasts they've appeared on
Trillions of dollars in capital expenditures are budgeted for the next few years, creating a massive near-term tailwind for hardware providers that must eventually justify its returns.
If corporate buyers do not see a robust, sustainable return on their AI infrastructure investments, they can easily pull the plug, causing the entire boom to reverse.
Initially positioned with a heavy overweight to core hardware and AI infrastructure stocks, the fund has gradually rotated based on pricing and capital intensity dynamics.
An analysis of global performance showed that non-US firms fell behind because they underinvested in human capital, network effects, and technological intangible assets.
