Survival of the (AI) Fittest

The transcript discusses the parallels between the current AI frenzy and the dot-com boom of the late 90s and early 2000s. It highlights that many AI winners are established companies like NVIDIA and Microsoft, contrasting with the speculative nature of past tech booms. The conversation suggests that AI could define the current decade, similar to how mobility defined the last. Despite the hype, there is some market rationality, as seen in the example of Kroger's stock performance. The discussion also touches on the potential for AI to be overused as a buzzword, similar to past tech trends.

Discuss the implications of companies using AI as a buzzword without substantial technology backing.

What does the performance of the GAM portfolio suggest about market trends and investor behavior?