00:00 President
Let’s take a look at Seven seven stocks. Always on the rise today after joining this week as well as the wider recovery of the market. Nvidia is back in positive territory for the year with Meta and Microsoft which hangs around the flat line to date. Joining now, Kimberly Forrest, founder of Boca Capital Partners and head of investments. Kimberly, always great to have you here. To what extent do you think this most recent rally is the signal for a return for technology for the year?
00:36 Kimberly Forrest
Of course. Well, it is really difficult to divorce, well, what is growing, and that would be technology. Hmm, you know, it is, uh, there are parts of the market that have wounded, but I think that everyone recognizes that AI is one thing, and, uh, the companies that count, which are those of the magnificent seven, not only take advantage of it, Nvidia, I speak to you, but also the driving, and which would be Microsoft, Amazon, Meta and Google. So, I think that because AI is always at the forefront of most investors oriented towards growth, and certainly focused on momentum, which is why they love them.
01:48 President B
And so, as we always expect, of course, the child of the AI poster and the trade of semiconductors and really the most magnificent member of the Mag 7 Nvidia to report the income. What can they say that the rally is more solidified at least to break even in the year, in particular knowing that Nvidia and Apple were two of the biggest names which had in fact led some of the pre-, uh declines, you know, essentially predecessors to the decline of the market more broadly, UH, which we had seen in early 2025.
02:45 Kimberly Forrest
Of course. Well, I think the AI trade is still in question because many people have huge hopes about what it can really do. And, uh, if you leave me, I’m probably going to be a little wet blanket on this subject because of Meta’s last announcement that, uh, Behemoth would not deploy, uh, for unpertified reasons, right? They just said, well, it’s not ready. We will delay it, you know, a few months, blah, blah, bla. But I think AI is really some forces for the future, and people really want an exhibition to this. So you know, why not? Why not accumulate in companies that could benefit or do it and be really paid. Oh, return to Nvidia. Sorry, he got lost there. Nvidia must say, uh, that her chips are in demand and that there are no other competitors currently because everyone, if you make a semi, wants to replace Nvidia as a favorite chip. These are the two comforting messages that Nvidia has to say.
05:06 President
Well, Kimberly, I know that you have a particular interest in the LLM and the Meta giant, but I want to link it to Nvidia to the point that you do here because if we, the investors, cannot really be clarity on whom I heard the sources like Dan Ives you buy what the chronologies are the LLM as, what I heard, Aka Nvidia. How do you assess this framework of thought for investors?
06:02 Kimberly Forrest
I think it will work to the point where it does not do it because what it is an investment game, right? And I like, I like the moment to invest when it works. But here is what is the problem. The best NVIDIA buyers play this game that they will continue to invest at the same rate, their competition is because the minute takes off from the gas pedal, they will become unimportant. Not just losing first place. We are talking out of words, right? This is why Dan’s argument works. Now, I am not saying that they would be collusion, but they could reach a point where they say, oh gee, the promise of, uh, you know, a really autonomous learning where we do not have to have human governors there. They just know the truth. You know, if it can be formulated or, you know, programmed, we will say, maybe he may be a winner in life as long as I am in this company, right? But I don’t think this is the case. So I think there will be bumps along the way where it will call for a lower investment, and by a lower investment, you do not need each last Nvidia chip that comes out of the line.
08:59 President B
What do you think of magnificent magnificent 7 performance compared to the rest of the 493 of S&P in your perspectives?
09:14 Kimberly Forrest
I think it’s deserved. They show growth. As I am a growth of a reasonable price investor, so I do not necessarily have many magnificent 7. But I know, Wall Street over time rewards growth, and these companies have proven year after year that they have a kind of magic formula to obtain the customers they need, and it is not direct in many of their cases, right? Because Google and Meta, users do not pay it. Advertisers do it. But as long as you can get paid customers to continue paying, they will win.
