SoftBank's Son Plans to Create 'Super' AI

I mean, what was so interesting about this kind of spectacle almost in in Softbank's annual meeting is Masayoshi Son wanted to talk about the big picture ASI but investors wanted what investors always want dividend buyback stock split. What did you make of that? Yeah, completely. You know, I think it's quite an interesting because it's sort of almost brings up about a change of strategy for for SoftBank from this sort of defensive position that I think it has had over the past few years for much more offensive position as we have this really ambitious vision and from Sun about ASI and the future of AI and what that means for Sun Bank for for SoftBank. But I think you can't get away from the fact that at the end of the day, investors do want to have returns. They have seen strong gains on the share price. You know, as you pointed out, we've seen a 60% rather in the share price so far this year. That obviously comes on the back of 124% rally in in ARM Holdings. But you know, at the end of the day, investors want to see what those numbers are bringing back and they want to see, you know, share, buy, buy, share buybacks. That's going to be useful for them as well. Although, as we said, you know, the share price growth has been strong, it's hard to pick out what the prevailing factor is in the market right now. You know, at the top of the program, we talked about the concern with valuations, Nvidia's trading at 45 * 12 month forward earnings. We're going to look at Apple's valuation later in the program. And then if you take the SoftBank example, like many investors to summarize, there just seems to be a whole hearted belief that you have to be in AI, all layers of the stack, and if you're not, you'll be left behind. So which comes out on top? Yeah, You know, I think we can't get away from this idea that AI has really driven such a strong rally in AI stocks. And obviously that sort of bled out into or or transferred out into record highs in the S&P 500 and on the NASDAQ this week as well. So you know, I think at the end of the day, there might be this sense that perhaps the AI try trade right now is a little bit over hyped, but I think over the long term that's just not the case. And that's the sense that investors are having and you know, we're just really opening the door to the realization and the understanding of of what the real world applications of AI actually are. And that's what's really supporting the rally that we have seen. So you know, although as you mentioned, there are some suggestions that there could be some level of lofty valuations involved here. I think at the end of the day, the long term case is very bullish as far as AI is concerned. And that's really supporting the the share price. Obviously, we're going to have some pull backs. No, no. Rally is just 100% higher. But I think, you know, investors are in, they're in on this case. We just showed NVIDIA, it's down 2% in the session, but over the course of a week where it became the world's most valuable company, it's down a percentage point. Is this rally over, do you know? You know, it's just a very small move lower after some very strong moves higher. You know, this month so far, Nvidia's up around 16% had impressive games last week. I mean, I don't think the the rally can necessarily maintain the speeds that it's had because it has been a really impressive speed that we've seen this share price rocket. You know, it's up 170% so far this year and that's not maintainable. It's not going to be maintainable. But I don't think that's to say that the rally is over. I think we could just perhaps potentially expect it to slow to a more sustainable pace going forward.