This episode of Alpha Trader podcast features hosts Aaron Task and Stephen Alpher speaking with Brue Liu, CEO at Esoterica Capital, and portfolio manager of the Esoterica Thematic ETF Trust (WUGI).
Among the topics discussed:
5G technology is much more than just an upgrade from 4G, says Liu. If one thinks of 4G as enabling the mobile internet, 5G will allow the digitization of every aspect of our lives - from streaming to smart homes to smart factories to remote healthcare to self-driving cars. Another difference - if 4G was mostly a U.S. phenomenon, 5G is global.
The evolution to 5G technology will first be felt in semiconductors as all devices will require upgrades. Among Esoterica’s top ten holdings are Nvidia (NVDA), Xilinx (XLNX), Marvell (MRVL), Qualcomm (QCOM), Advanced Micro Devices (AMD), and Taiwan Semiconductor (TSM).
Speaking of the recent crackdown by Beijing on China’s large tech companies, Liu says these regulatory developments have been a long time coming. The country’s leadership has long felt the tech giants have been extraordinary beneficiaries of hyper-growth, and now it’s time to share some of the wealth, says Liu. As recently seen with Meituan (MPNGF), the companies will reach a settlement with the government, agree to changes, pay a fine, and move along.
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