Chinese entities allegedly stole IP from Anthropic and Nvidia, but the stocks haven't moved. Micron's revenues quadrupled and its stock jumped 15%, showing AI spending is actually profitable. Retail investors panic about AI costs without checking the numbers.
The markets, first of all, before we go into where the markets are at the moment, let's go onto the markets. So AI generally, not just NVIDIA, there's been an allegation about the Chinese, Anthropic, that they've been nicking, they've been stealing intellectual property from Anthropic. Now that's not a surprise. And of course, the various intelligence agencies have been saying the same for a long time anyway, there's some concern that they've also been stealing IP from Nvidia amongst others. None of that's impacting the stocks. We're going to focus on the stocks, not on politics or anything. We focus on how does it impact the markets. No worries at the moment. So we're fine with those. China's not causing other trouble, troubles. So can tick box number 2. Box number 3, AI and quantum, massive rises in profits. If you look at Micron, okay, in the news yesterday, up 15%. Why was it up 15%? Well, because revenues had quadrupled. So, if you look at Micron as an example, and today it's off a little bit, then what you find is that AI profitability is still there. We're going through these cycles where people say, oh, they're spending so much money, they're overvalued. Now, that's typical retail client, no data, no information, just say crap. Okay? It's what retail clients do. They haven't thought it through. They haven't looked at the information. They haven't looked at the data.
