AI Boom

“The largest bubbles in US history usually had either to do with technology loose credit, government policy, right? Some combination of these things. The US in particular is very good at ones that also include real estate, so we can add that to the mix. So tech…”

“And my view is that I think it's driven by momentum, meaning that over the past year, you've had this roughly 10 X run up in memory chip stocks, and you've seen this overall huge rise in any stock that's related to the AI boom.”

“And my view is that it's real that I think there will be a return on all of this capex. I don't try to predict stocks or tell people when they should be buyers, but you look at the hyperscalers, they have invested pretty much all of their free cashflow. And th…”

“We have a two percent tailwind to GDP growth right now that's coming from this AI boom, this capex boom that's happening, and so this is, I think, a very good thing for the US economy.”

“I think we can talk about liquidity and all this, but I honestly think that today is a much bigger gold rush than 20, 21 or other times we get like, I've never seen such a goal because this gold rush goes all the way down to high school kids.”

“And then of course, like the AI boom is Bringing a lot of people back here too, and not to mention the return to hybrid or full-time office. So we're bullish on SF.”