{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/5ed1b0e5769354130c73bb32/6af67cfa28531eda45b3101b?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"The World Logs Off and Jensen Logs Out","thumbnail_width":200,"thumbnail_height":200,"thumbnail_url":"https://open-images.acast.com/shows/5ed1b0e5769354130c73bb32/1794538476356-80bdbb05-3c7f-49be-8f43-626d3c484c2b.jpeg?height=200","description":"<p>Outlook, Teams and Copilot went down around the world overnight, and Nvidia lost its founder. Jensen Huang resigned as CEO effective immediately, and CFO Colette Kress has stepped in as interim CEO.</p><p>James Whelan and Heath Moss cover:</p><ul><li><strong>The Microsoft 365 outage.</strong> It was the second time in a couple of years that one tech provider knocked over offices worldwide. James draws on building the business continuity plan at Pershing (now FinClear) to explain why you can’t really back up email, and why concentration in tech worries him.</li><li><strong>Nvidia after Huang.</strong> James compares it with Lou Pai and Enron. Heath explains why he thinks chip demand will carry Nvidia for the next two to three years, and runs through possible successors, including Kress and CUDA architect Ian Buck.</li><li><strong>China and chips.</strong> Heath argues China has moved on from US chips, and that IP theft is now the bigger worry.</li><li><strong>The GPU depreciation question.</strong> Under GAAP, GPUs sitting in boxes don’t depreciate until they’re switched on.</li><li><strong>Data centres after the blue wave.</strong> Heath explains why state-level permitting matters more than Congress, and walks through Morgan Stanley’s bullish take.</li><li><strong>Heath’s market wrap.</strong> Nvidia finished well off its lows. Yields are climbing after a hot CPI and hawkish Fed speakers, and a stronger US dollar is weighing on gold, copper and commodities.</li><li><strong>James’s message to small caps in a tough market.</strong> Get through this stage well and be at the top of investors’ shopping list when buyers come back.</li><li><strong>The SmallCaps headlines,</strong> including Clarity Pharmaceuticals, G8 Education, Austral Resources, Inghams, Carnarvon Energy, Nanoveu, Talga, Ardea, Future Metals, BlinkLab, Cobalt Blue and Aland Equity Group.</li></ul><p>General information only. This episode doesn’t take into account your objectives, financial situation or needs. Speak to a licensed adviser before acting on anything you hear.</p>","author_name":"Muskets at Dawn Pty Ltd"}