By coinnews 
00:00 Speaker A
As you’re thinking about the billions of dollars that get earmarked by some of these companies as the Trump administration is saying it’s gonna roll out the red carpet, essentially, if you make these massive capital promises over multiple years into the US and investing into the US.
00:16 Speaker B
Yes.
00:19 Speaker A
How much of those dollars are just going into other partnerships that already exist in order to ramp up in this case, for Nvidia, some of their production that otherwise they would have to put picks and shovels on the ground for?
00:29 Speaker B
Excellent example, and I’ll go back to GM even this morning going away from AI. What we learned from their CEO in terms of increasing US productions, they’re not going to build more plants. They have 50 plants in place already in the United States, and likely they would just ramp up production there to become more efficient as opposed to taking on all the CAPEX spend and building new plants. So companies are trying to find their footing now to try and benefit from this, again, new world order as it relates to tariffs and trade.
01:02 Speaker A
I wonder if we can stick on Nvidia for a second here, because Jensen Huang, CEO of Nvidia, obviously just in Washington talking about the risks of China being potentially on Nvidia’s own coattails. To what extent is that a risk that you want investors to be keeping in mind?
01:16 Speaker B
Absolutely.
01:18 Speaker B
I think we have to appreciate that the AI revolution isn’t going to just have one winner. There’s going to be multiple winners, but likely there’ll be even more losers. So we have to understand the supply chain as it relates to AI infrastructure. It’s not just the chips and the semiconductors. It also relates to the data centers, the cooling solutions for those data centers, the power solutions that right now are coming from multi-utilities through the form of natural gas and even nuclear energy. And then it’s the end hardware and the software. So I ask all investors when you’re looking for investment opportunities related to AI, don’t just consider Nvidia. Yes, Nvidia is the hub of the AI ecosystem, but there’s so many other companies that stand to benefit from the continued growth of Nvidia. And look at those supply chains and try and exploit them.
02:35 Speaker A
Are you saying to avoid Nvidia right now?
02:38 Speaker B
No, absolutely not. In fact, it’s one of our largest positions at Smart Trust. I think it’s a whole we continue to add to it, but there are also potential benefactors, whether it’s TSMC, ASML, you look at the data centers like Digital Realty, you look at the data centers such as Iron Mountain. How about the cooling solutions such as Vertiv, even if you look at Modian manufacturing? Look at the utility companies, big old boring utility companies that supply the power. DTE Energy, Duke Energy, they have dividend yields above 3%, they have a beta of less than 0.5, which means they’re roughly half the volatility of the US stock market, and they’re up about 14% year to date. Plenty of opportunity.
03:36 Speaker A
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