Bloomberg Technology Softbank's $100B Pledge
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Dec 16, 2024 
In this engaging conversation, former President Donald Trump shares insights from his press conference about SoftBank's ambitious $100 billion pledge aimed at job creation in the U.S. Denise Chisholm, Director of Quantitative Market Strategy at Fidelity, discusses current tech market trends and how these investments could shift the landscape for AI and autonomous driving. The duo also examines Bitcoin's soaring potential and the energy demands as businesses adapt to a rapidly evolving technological future.
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SoftBank's Renewed Pledge
- SoftBank CEO Masayoshi Son pledged $50 billion to the U.S. in 2016 after meeting Trump.
- Now, he's doubling that pledge to $100 billion, aiming to create 100,000 jobs.
Tech Valuation Anomaly
- Tech stocks, particularly software, present a positive risk-reward profile due to strong earnings and reasonable valuations.
- This is an anomaly compared to historical trends where high valuations often signal negative risk-reward.
Favor US Equities
- Focus on US equities for better risk-reward compared to international markets.
- International stocks often appear cheap but have lower earnings growth potential.