joanne feeney joins us now for more.hat a roller coaster it has been so far for chipmakers this week. other infrastructure players as well. is the market telling us something more about the fundamentals? is it a short-term blip or are fundamentals ok at this point? joanne: hey, jackie. the surge in broadcom shares after they reported in december obviously boosted the stock. it has come down here today, but last night's report was a very impressive. not only did they beat the numbers that came in with better guidance than expected and more importantly not in their guidance are two new partners for the development of custom ai solutions, including chips and networking solutions. 60 billion dollars to $90 billion outlook for 27 for ai business. by the way, only at a pace of 20 million -- 20 billion this year. it's a really startling opportunity that the company has ahead of it. remember, they see the roadmaps of their partners and customers. they have an awful lot of visibility. i think it reassured investors somewhat, whic

joanne feeney joins us advisors capital management partner and portfolio manager joanne great to seeome of these moves over the last couple of months. >> yeah that's right. >> you know obviously. >> there's been plenty of chatter about these coming tariffs. and you know the president of the united states has the power to impose tariffs. >> doesn't need congressional. >> help there. so we've. >> been pretty worried about this. and so in. >> our balanced strategy. >> which is designed to be relatively conservative but still deliver good growth over years, needs needed to have, you know, take a little bit off the table. so we did that over the last couple of months. we reduced some of our technology positions, didn't sell out of those, but just reduced the exposure. they had a great run and we added some safer positions, positions that create income, whether that's an altria. we also continue to really like some of the health care names like abbvie and johnson and johnson. it might be boring to be in some of these names and more utilities like duke energy. but right now, in this environ