RiskReversal Pod Gene Munster Has Faith In The Fateful 8 | Okay, Computer.
Dec 18, 2024
Gene Munster, the managing partner at Deepwater Asset Management, shares his insights on tech trends and market dynamics. He discusses the rise of custom silicon and NVIDIA’s competitive landscape in AI. The conversation dives into the 'fateful eight' tech giants and their performance, particularly highlighting Tesla, Apple, and Google. Munster also examines the evolving challenges in ride-sharing for Uber amid advancements in autonomous vehicles. The skepticism around growth expectations and the role of generative AI in shaping future investments adds depth to the discussion.
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Custom Silicon and Market Trends
- Custom silicon, built by hyperscalers, will be a key trend in 2025, impacting companies like Broadcom and Nvidia.
- Software revenue related to AI will see modest growth but it won't match hardware's, and market pullbacks are also expected.
Dominance of "Fateful Eight"
- The "fateful eight" tech companies dominate the market due to their size and resources.
- Startups struggle to compete in the AI software space against these giants, similar to the app world's past.
Agentic AI vs. Copilots
- Benioff, despite being a great salesperson, highlights the difference between copilots and agentic AI.
- Copilots enhance existing products, while agentic AI acts as digital bots performing tasks independently, like customer interaction or automating complex processes.