AI's Not in a Bubble w/ Dr. Ankur Crawford

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There’s been a lot of talk recently about AI being in a bubble. I had the opportunity to talk with Alger EVP and Portfolio Manager Dr. Ankur Crawford this week and she broke down why she believes we’re still in the early innings of AI. This was a great conversation, make sure you don’t miss it!
FYI - no clue why my voice sounded all deep on the Zoom recording…but her parts sounds great!
0:54 How much do rates matter?
3:47 Is AI in a bubble?
8:27 Will Big Tech continue to win?
11:50 Alger Concentrated Equity ETF (CNEQ)
18:00 What trends are we underestimating?
21:13 Perspective on Nvidia (NVDA)
27:10 Wrapping up
Find out more about the Alger Concentrated Equity ETF (CNEQ) - www.alger.com/...
Alger Insights (writings on a bunch of topics, including AI) - www.alger.com/...
*I am not a licensed professional or a financial advisor. This content should not be taken as financial advice. It is meant for educational and entertainment purposes only. All opinions and perspectives are based on my own personal financial situation, experiences, and goals. Please ensure that you do your own due diligence before making financial decisions and/or meet with a professional. Links above include affiliate links, which means I may receive a commission at no additional cost to you.

Опубликовано:

18 сен 2024

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Комментарии : 31

@justinlester5872 День назад

I know you said your voice was deep in the interview but I wasn't expecting Darth Vader

@plastelina_ytb 2 дня назад

Interesting video, Sir. Your voice was indeed chopped n' screwed. I wasn't ready 😆

@mattderron 2 дня назад

Yeah, it was fine during recording and I was listening back to it like...wth happened? lol

@o0usf0o 2 дня назад

Awesome! Good to see content diversification

@mattderron 2 дня назад

I realized very quickly that I'm inexperienced at doing interviews 😂

@Andy-eh2dr 2 дня назад

@@mattderron U did good :)

@freds8482 День назад

Great content as always! Maybe just an idea for next time. Maybe you could agree with the guest to a timeframe before like 30, 45, 60 minutes. This way you wouldn’t need to rush questions or use phrases like „don’t want to waste your time“ or similar. Just an idea, because I think your time and content is valuable enough that the guest should also appreciate to talk to your audience ;)

@mattderron День назад

We did agree on a time, that was just my inexperience as an interviewer showing through. That was my issue, not hers

@johnmcquaid7524 2 дня назад

Amazing interview! 11:03 Your META reaction is the best.

@ericscott6864 День назад

Great to hear what the ETF managers think about AI and how they plan to invest our money.

@international_dividend 16 часов назад

Great change of pace, Matt. I also think it's great that you offered post-interview commentary.

@mattderron 14 часов назад

Thanks!

@Austin6403 День назад

Got point at the end at 28:20

@Petersworld77 День назад

CNEQ isn’t yet available in Europe is it? Really interesting conversation Matt with Dr Crawford.

@rooroo140 День назад

Great one Matt! Can you share a link to the podcast you and Dr. Crawford mentioned? Sounded like Clara…

@mattderron День назад

It’s not a podcast it was the Klarna news story www.itpro.com/technology/artificial-intelligence/how-is-he-doing-this-marc-benioff-questions-klarna-ceo-s-scrapping-of-workday-salesforce-in-saas-consolidation-drive

@Austin6403 День назад

I suppose she is talking her book and selling her fund though, of course

@mattderron День назад

As opposed to her believing in something different than the fund they created? I know this is hard for some people to believe, but just because someone creates something to sell doesn’t make it a scam. Do yourself a favor and go watch all of her CNBC interviews since 2022 and you’ll understand.

@peterheyman8426 2 дня назад

Love Dr Crawford, great interview. Early on you both made reference to Karna or something that sounds like that. Could you give me the exact name or link, thank you !!!

@mattderron 2 дня назад

It was this story - here’s a tweet x.com/shanumathew93/status/1835382455160725783?s=46&t=BC4fNbzB2ToJLdOi2niZNQ

@cookiejar01 19 часов назад

NVDIA like all semiconductor stocks is cyclical. Of course Microsoft will stop spending at some point. What happens in the next recession? If she thinks it’s ludicrous that the cycle won’t turn she doesn’t understand cyclicals or she’s just talking up her fund. Not a good look.

@mattderron 16 часов назад

I’m 100% positive she understands cyclicals and semis, but like she said in the interview the view is that the capex spend is going to continue much longer than some people are expecting. If the “what happened when X stops spending is 2-3 years away, what is the point of calling NVDA cyclical during a hyper growth phase? This is what I don’t understand about this argument. While their industry is cyclical we all know that AI has pushed them into hyper growth. They are clearly not cyclical now as that build out happens and has rocketed up their growth. The only argument is how long that will continue. She’s saying it’s just starting. Assuming any company is a lock to do anything past 3 years is wishful thinking IMO. Things are always changing. I think people assuming it’s a scam or “talking her book” because they don’t agree is crazy. Just because someone says semis are traditionally a cyclical industry doesn’t mean it’s relevant to what’s happening in that industry right now. This is why I added NVDA in March and made it my largest holding. Am I just talking my book?

@cookiejar01 19 часов назад

Some interesting points but if you think AI will be able to create software “for free” anytime soon you clearly haven’t written a line of code in your life 😂 It’s very very far from being capable of this. It can do a lot and perhaps replace some engineers by improving the efficiency. I think this will be the impact in other fields as well. Where will things be in 10 years? Hard to tell. It will definitely bring the cost of creating software down.

@mattderron 16 часов назад

This is the news event we were referencing- www.inc.com/sam-blum/klarna-plans-to-shut-down-saas-providers-and-replace-them-with-ai.html I started my career as a programmer and while I agree there’s more to it than just writing code, I also think this shows that it’s moving in that direction. Code itself is / will be a commodity it’ll be about whatever services around that code are easier / cheaper / best served by someone else versus yourself

@10Boxing 2 дня назад

First!

@naserjatoi8604 День назад

This is boring!

@aw.8. 2 дня назад

Interesting interview. Nice to see APP as one of the top 10 holding in CNEQ, I added to my portfolio last month and it’s up like 60% in since then.

@crohmer 2 дня назад

@stellanews6190 2 дня назад

Second! ❤️

@Snakes.StartToSing 2 дня назад

AI is the future, how can it be a bubble

@kurniawanms2 2 дня назад

Where were you in Internet bubble in late 90s? Internet was the future back in mid 1990s and it was proven correct. But many companies over-invested in internet infrastructure and internet e-commerce expecting high surge of ecommerce demand. The demand didn't materialize until many years later. All those companies that over-invested in the early stage of internet build up did not get their ROI back and their stocks collapsed. Many went bankrupt. Fast forward now, all these big tech companies (META< GOOGL, MSFT) are set to spend over $1 trillion for AI build up regardless if they will be able to recoup their investment or not. HOw long do you think they can spend hundred of billion of dollars every quarter without getting much return? It is an AI bubble now