ayako: i think it is on the spending side.istorically we have seen companies that spend more on capex have less on their free cash flow to spend on money being returned to shareholders. that's probably the reason why the stock is selling off a little bit today but over the long term valuation for google is not extreme. it still has a -- is a quality company and has a good business model. i think it's attractive at this level. caroline: what is so interesting is it feels as though alphabet and tesla are just shaking all of our concerns about the ai hike and the fact this isn't going to be hugely revenue-generating in this quarter or the next. how is your patience for ai to pay off whether it's alphabet or nvidia or some of the other names in the hope that ai is becoming a profitable reality. ayako: i think in the broader scheme of things if this selloff in technology shares across all of tech i think it's a healthy thing for markets. we are seeing the broadening out of markets we've been talking about for so long and you are se