ayako: absolutely.ing a diverse portfolio across the globe is something we advocate for, simply because you never know when things turn around, and one of the major drivers is the direction of the u.s. dollar. we think that the u.s. dollar can weaken a little bit, given the direction of interest rates. and international and emerging-market stocks can benefit. ed: we expect to hear from the prosecutors in the indictment of new york mayor eric adams very soon. we may have to move to that but before we lose you, i want to ask something that other investors are now asking themselves. how important is it for you to get hands-on with technology? think about what meta showed us yesterday, but also llama using that ai device. is that something that informs your investment thesis? ayako: both using it and seeing others use it. it is not just myself, but people across all age groups and demographics, i want to see how people are engaging with the technology. younger people are much more adept at adopting new tech

charles: ayako, you just talked about apple but i saw in your note where you talked about this disappointmentvidia and you could go back to when google reported and you talked about something interesting with the a.i. landscape focusing on application-specific integrated circuits. does that mean maybe it's time for investors to not abandon chips but look beyond nvidia? >> sure. i mean, diversification is always a positive, in my opinion, and there are many companies out there that are doing things for a.i. and broadcom talked about it last week as well on their earnings call and so i think having a diverse set of companies to really showcase the overall artificial intelligence thematic within your portfolio is a positive. charles: i mean, that's a long-term theme too, right? the idea is like you want to have some form of exposure there through all times. it feels like a lot of folks are saying forget about a.i. in general. they have gone from picks and shovels to energy, to utility, and electricity. absolutely those are other ways to diversify the same thematic and you still want to play othe