Malcolm Ethridge

Amazon bullish on AWS and Trainium.

Malcolm said "DIGITAL REALTY. BETTER PLACE TO GET YOUR EXPOSURE TO THE DAT..." (with transcript cutting off at "DAT"). Digital Realty is positioned as a superior investment for gaining exposure to data infrastructure or related growth areas. LONG because it is highlighted as an attractive vehicle for capitalizing on data demand trends. A slowdown in data growth, technological shifts, or increased competition in data center markets.

Ethridge highlights market dispersion, noting that while tech is down, "You've got like Devon Energy for example, or Diamondback that are up... The dispersion between materials and energy... couldn't be better." In a "buyer's market" defined by dispersion, capital is rotating into sectors with momentum. Energy and Materials are leading the S&P 500 year-to-date, providing a hedge against the inflation/geopolitical risks hurting tech. Long Energy leaders (Devon/Diamondback) following the momentum dispersion. A sharp reversal in energy prices or a rotation back into growth/tech.