我实际上认为这在半导体板块创造了一个机会。这正是我反复提到的高盛轮动那部分内容所指向的：我们可能会看到资金已经转向软件，这正是我们一直预期的第三、第四季度向软件的轮动。这件事发生了。
但这一轮动几乎直接来自资金撤出半导体，因为存在这样一种看法：由于hugging face事件以及这些监管呼声，我们最终会看到AI支出放缓。我认为这完全是无稽之谈。我认为引发这一切的底层依据被夸大了。
而且很可能我们现在面前就有机会，去实际买入一些硬件敞口，这些基本上给了我们一些黑色星期五式的定价。
I actually think it creates an opportunity in semis. That's where if we go to the Goldman Sachs rotation piece that I keep referring to, we could see that there's been a move into software, which we've been calling for Q3, Q4 move into software. happen.
But that has come almost directly from a move out of semis because there's this belief that oh, we're going to end up seeing a slowdown in AI spending because of the hugging face incident and these calls for regulations.
I think it's complete nonsense. Uh I think the underlying basis that started all this is overblown. uh and it's likely that we have opportunities in front of us now to actually buy some of the hardware exposures that have basically given us some Black Friday pricing.