Amount of AI Going into Defense Budgets is 'Immense,' Says Ted Mortonson

Ted Mortonson, Managing Director: Technology at Baird, discusses his outlook for tech and the AI trade. Video Transcript 00:00 Speaker A The demand is historic. I mean, you look at ASML's report, look at Samsung's report, look at Micron's report. Now they're booking into 29 and 30. So we've never seen this kind of demand versus supply metric ever. 00:23 Speaker B When I look at this Ted Mortenson, it comes down to the unit dynamics, huge demand is a general statement. But also the price disinflation. We have people going, we're disinflating tokens, usage goes up, etc. Do we underestimate the profit challenges forward? 00:52 Speaker A Uh, in the near term probably. Uh, in the long term not.