Asks if we are nearing the peak of the AI hype bubble, given Nvidia CEO Jensen Huang's comments about investment in OpenAI not being as big as previously expected.
Lizzy Burden
Mark Cranfield
The risk is becoming greater. The AI story has been fueled by huge private companies like OpenAI and Anthropic heading towards IPOs, with valuations climbing with each funding round.
Mark Cranfield
Risks are becoming much clearer. Possibly the peak has been seen for the enthusiasm of AI valuations.
Asks if the massive moves in metals mean the debasement trade is now on hold.
Lizzy Burden
Mark Cranfield
Possibly. The question is about P&L survival. This is a spillover where huge positions built up in precious metals, especially in China, are being unwound.