Introduces guest as bullish on global tech, predicting future tech winners will emerge outside the U.S.
Lewis
Beeneet Kothari
Primary investment thesis is following the money: 90% of trillion-dollar Nvidia/hyperscaler AI buildout spending ends up in Asia, where the physical supply chain (chips, memory, robots, batteries) is located.
Asks where capital is being recycled after exiting some South Korean chip makers.
Lewis
Beeneet Kothari
Highlights China's underappreciated massive lead in electricity/power capacity versus a looming U.S. shortage, enabling its data center buildout.
Asks if the thesis is about Asian infrastructure sourcing or a parallel AI ecosystem worth playing.
Lewis
Beeneet Kothari
Distinguishes digital layer (U.S. leads on AGI) from physical layer (Asia leads on robotics/manufacturing buildout focused on ROI).
Beeneet Kothari
Predicts China will overbuild AI capacity as it has with EVs and solar, creating deflationary, bullish surplus for emerging markets (Global South).
Notes guest's top holdings are Asian 'picks and shovels' companies (Didi, semiconductor, data center).
Lewis
Beeneet Kothari
Contrasts U.S. 'Magnificent 7' $20T concentration problem with ability to buy Asian beneficiaries at half the valuation.