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The single best idea very quick today, great conversations. Let us about the word. Jumana Brissecci on day ninety joining us with terrific perspective up the Persian Gulf to Kuwait and a rock. We th really thank her for that effort. Later in her day in London, but a set of good conversations, Emily Roland in studio thrilled that she could join us with John Hancock. Emily Roland on this AI market.
The entire stock market's becoming an AI market. Like you look down in market cap, it's more AI coming into those indices. You look at tom value this year is handily outperforming growth. Guess what's in value semiconductor stocks because their earnings are so good. The global imconduct Her indexes up over one hundred percent over the past year. Guess what their earnings are up over one hundred percent over the past year. So the valuations have actually cheapened up
a little bit. So AI is really driving markets globally. We have to be careful about diversification, and we're looking for other areas to play the AI power demand story, whether it's around utilities, whether it's around industrial companies, the picks and shovels around AI. I think that trade has some legs.
Emily rolling there, Paul Sweeney heading down to his University of Richmond, and we had a moment where with our AI we looked at the data centers around Richmond. I can't emphasize the cocoon we're in up in New York City versus the buildout around some of our great cities across this nation. I mean, in Richmond alone, Google has like Project Peanut, and there's like three other massive data centers going up. It's a whole other world out there
as well. Aaron McLaughlin knowns that she's at the conference board. She's really really wonderful about economics and infrastructure. Aaron McLaughlin on the Internet of years ago in the AI of now.
I think the big question is how does it benefit us? How does it benefit you know, your average US consumer. How does it benefit executives, managers, the workforce. I think, you know, we were all very excited about the Internet, you know, back in the late nineties, because we saw it as a way to share information in a way to connect. Now it's like, is this a story about scarcity or is it a story about real advantage?
Aaron McLoughlin, The Conference Board on podcasts at Spotify, at Apple on YouTube podcasts growing each and every day, single best idea