Dan Simkowitz on CNBC from the Tech, Media & Telecom Conference

Summary

Morgan Stanley Co-President Dan Simkowitz discusses the key takeaways from the firm's Tech, Media & Telecom Conference in San Francisco. He highlights that the AI compute story is very strong, the LLM story remains intact, and software is evolving toward an agentic model. No specific investment recommendations or tradeable expressions are provided.

• The conference has 3,500 attendees representing $70 trillion in AUM.
• Last year's skepticism about AI spend has shifted to confidence in compute power and capabilities.
• Dan Simkowitz notes strong engagement with keynotes from Dario Amodei, Jensen Huang, and Sam Altman.
• He states the compute story is very strong and the LLM story is intact.
• Jensen Huang remarked that software will still run the world but will become agentic.
• The market is trying to differentiate software winners and losers in the AI era.