The AI 'Chipwreck'
6/24/202648 min
On The Money Café this week, Alan Kohler and James Thomson go through the 'chipwreck' rattling the AI trade, how SpaceX is tracking, the fallout from KPMG's whistleblower scandal, CGT changes to SMSFs, and answer questions on housing, childcare, and much more.
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First 90 secondsAlan Kohler· Host0:00
[upbeat music] Hello, I'm Alan Kohler, editor-at-large of Intelligent Investor and finance presenter, columnist, and podcaster for the ABC.
James Thompson· Host0:18
And I'm James Thompson, senior Chanticleer columnist at the Australian Financial Review.
Alan Kohler· Host0:21
And we are The Money Cafe. Well, James, it's, uh, before 8:00 on, uh, Wednesday morning, and no doubt you've been bashing something out f- about what happened on, on Wall Street last night. Tell us what you wrote.
James Thompson· Host0:34
Alan, yes, I, I've been, uh, watching this, [laughs] uh, closely and, uh, j- just, just filing on it. A- and I think that the story here is that it's all started with a Korean barbecue. Um, I don't know if you, you, you spend a lot of time watching the Korean [laughs] market, but it had a bad night on, uh- Quite like a Korean barbecue, though. Yeah. [laughs] Had a bad day on Tuesday. The, the, the market fell, uh, 10%. Uh, this is the... It's called the, the KOSPI Index. Um, and, and this year it's been powered by two stocks, basically, SK Hynix and Samsung Electronics, both of which make memory, uh, computer memory, which has become increasingly important in the AI infrastructure build-out. You need lots of memory, uh, to help make those data centers. Um, but yesterday w- we saw, you know, o- on, on, on Monday night we saw a bit of