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What Investors Are Overlooking in AI & Semis | Val Zlatev

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Manage episode 486997794 series 3627237
Content provided by Jack Farley. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jack Farley or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Val Zlatev, Portfolio Manager and Senior Partner at hard tech specialist hedge fund Analog Century Capital Management joins Other People’s Money to discuss what he thinks investors still fail to appreciate about the secular growth of AI and semiconductors. He also discusses why DeepSeek was so misunderstood, other aspects of the AI supply chain, the state of the analog chip cycle, running long/short and market neutral strategies and garnering interest from the large multi-manager platforms.

Learn More About Analog Century Capital Management: https://www.analogcm.com/

Follow Max on X: https://x.com/maxwiethe

Follow Other People’s Money on:

Apple Podcast https://bit.ly/4e7QJ1M

Spotify https://bit.ly/3Yhaazi

YouTube https://bit.ly/3C63VXR

X https://x.com/opmpod

Timestamps

00:00 Intro

01:15 What is Hard Tech?

02:41 The Evolution of the Hard Tech Sector From the 90s to Now

05:04 Investors Are Underweight Hard Tech

11:09 The Massive Impact of the End of Moore's Law

16:59 New Investment in Semiconductor Capacity

18:08 Why AI Should Be Compared to Cloud, Not Fiber

22:55 What Investors Got Wrong About DeepSeek

25:41 The US Government's Impact on AI & Chips

33:04 The Chinese Government’s Involvement in AI & Chips

35:13 Dominant Players in Chinese Semiconductor Market

39:12 The AI Supply Chain Beyond Semiconductors

43:53 Analog Semiconductors & Power Management

49:55 Winners, Losers, and Fakers in AI

57:03 Research Process for Hard Tech

01:01:25 Dispersion in Hard Tech Returns

01:03:31 Trading and Portfolio Construction at Analog Century

01:08:13 Market Neutral & Garnering Interest From Multi-Manager Platforms

01:12:20 Market Neutral vs Long/Short Investors

01:14:51 The Value of Partners and Team Continuity

01:16:42 Conclusion

  continue reading

119 episodes

Artwork
iconShare
 
Manage episode 486997794 series 3627237
Content provided by Jack Farley. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jack Farley or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Val Zlatev, Portfolio Manager and Senior Partner at hard tech specialist hedge fund Analog Century Capital Management joins Other People’s Money to discuss what he thinks investors still fail to appreciate about the secular growth of AI and semiconductors. He also discusses why DeepSeek was so misunderstood, other aspects of the AI supply chain, the state of the analog chip cycle, running long/short and market neutral strategies and garnering interest from the large multi-manager platforms.

Learn More About Analog Century Capital Management: https://www.analogcm.com/

Follow Max on X: https://x.com/maxwiethe

Follow Other People’s Money on:

Apple Podcast https://bit.ly/4e7QJ1M

Spotify https://bit.ly/3Yhaazi

YouTube https://bit.ly/3C63VXR

X https://x.com/opmpod

Timestamps

00:00 Intro

01:15 What is Hard Tech?

02:41 The Evolution of the Hard Tech Sector From the 90s to Now

05:04 Investors Are Underweight Hard Tech

11:09 The Massive Impact of the End of Moore's Law

16:59 New Investment in Semiconductor Capacity

18:08 Why AI Should Be Compared to Cloud, Not Fiber

22:55 What Investors Got Wrong About DeepSeek

25:41 The US Government's Impact on AI & Chips

33:04 The Chinese Government’s Involvement in AI & Chips

35:13 Dominant Players in Chinese Semiconductor Market

39:12 The AI Supply Chain Beyond Semiconductors

43:53 Analog Semiconductors & Power Management

49:55 Winners, Losers, and Fakers in AI

57:03 Research Process for Hard Tech

01:01:25 Dispersion in Hard Tech Returns

01:03:31 Trading and Portfolio Construction at Analog Century

01:08:13 Market Neutral & Garnering Interest From Multi-Manager Platforms

01:12:20 Market Neutral vs Long/Short Investors

01:14:51 The Value of Partners and Team Continuity

01:16:42 Conclusion

  continue reading

119 episodes

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