00:00 Brian
Tim, um, good to see you here. I want to I want to push earnings off to the side for a second. Let me start on uh this open AI news. We’re seeing Oracle’s getting smoked, we’re seeing Core Weve getting smoked. Would you be a buyer of these stocks on these sell offs?
00:20 Tim
I I would, Brian, and I think the market’s interpreting this as as something for the category as a whole. and I think you hit it hit the nail on the head at the beginning. This is more about competition heating up in our view and demand slowing down on the AI side. So, I see this as as somewhat of a buying opportunity, but look, Brian, I think just with how aggressively some of these names are priced, you are going to see volatility on anything that can potentially be interpreted as bad news. So we want to still prioritize risk management uh and not forget about that. But I do see this as a buying opportunity and and the the reports today are not something that we think investors should be concerned about with the category as a whole.
01:07 Brian
Tim, you know what bothers me though about all this is this is not new news. My buddy Jim Kramer was talking about it all morning how we have heard probably for the past two years opening I is missing that target, it’s missing this target and it’s missing some of these targets over here. yet the stock’s getting hit on the results. Like, what does that tell you about where we are on this AI trade?
01:31 Tim
Well, Brian, I think it it tells us that investors have very high expectations. Uh but that said, again, when we are in a situation where in our view, demand continues to outweigh supply, it’s something that we want to be aligned with longer term. So we don’t want to interpret these short-term results for something that’s hitting the category as a whole. AI is still a trade that we want to be in and as as are a lot of the names that you mentioned at at the front end.