Closing Bell Closing Bell: 6/25/25
Jun 25, 2025
Sung Cho, Co-head of public tech investing at Goldman Sachs, dives into the intricacies of AI capital expenditure and market trends. He discusses NVIDIA's impressive stock surge amidst the AI boom and the strategic moves of major players like Microsoft. Cho highlights the impact of Fed policies on economic uncertainty and addresses evolving investment strategies in tech and energy. Plus, he reveals insights on Micron's rising role in the AI memory market, making this a must-listen for anyone keen on navigating today's volatile markets.
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NVIDIA's AI Surge Defies China Risks
- NVIDIA's AI-driven surge defies China market cutoffs, pointing to strong investor confidence.
- Physical AI and AI compute demand expansion fuel NVIDIA's record-setting growth and valuation.
AI CapEx Middle Innings Momentum
- AI capital expenditure is accelerating, contradicting earlier fears of an imminent decline.
- NVIDIA dominates AI infrastructure spending, securing majority of current AI compute investment.
AI Frontier Models Protect IP
- Frontier AI model providers are closing ecosystems to protect IP and investments.
- This shift supports differentiation and vertical integration over commoditization in AI models.