Good, wide-ranging episode from Citrini who has been pretty on-point so far with his calls on AI names and cycle timing.
Overview: thinks we are in inning 5-6 in this AI cycle, and outperformance is much more difficult than buying Nvidia in 2023.
US:
- Bullish Teradyne for cyclical lows (and exposure to AMZN robotics)
- Bullish automotive cycle given robotics tailwinds underpriced
- Bullish Lilly for pipeline
- Bullish Applovin for ads exposure
- Bearish US healthcare insurers
CHINA:
- Bullish WeChat for data moats (heavy agree)
- Bearish China macro overall from RE / Consumption Overhang
- Mixed review on Chinese robotics - quite capable / cheap, but aggressive price competition
- Bullish property servicing companies (bummed out valuations)
And plenty more...
