Kim Forrest on the U.S. Steel Deal, Re-industrialization, and AI

U.S. Steel Deal and Industrial Renaissance

• 💡 The deal involving U.S. Steel and Nippon is seen as the potential start of a renaissance in American steel production.
• 📌 Bokeh Capital Partners began buying U.S. Steel stock in 2022 when it was around $13-$17, anticipating a significant development.
• 🚀 The alliance brings not only Nippon's capital but also their technology to improve steelmaking efficiency and reduce costs.
• ⚠️ The speaker notes that the U.S. gave away much of its industrial might in the pursuit of efficiency and corporate profits.

Supply Chain Management and National Security

• 🌍 There's a call for re-industrializing the nation to maintain industrial might alongside AI capabilities, referencing an observation from Russia.
• 🔗 It's considered smart for every industry to manage its supply chain and avoid relying on a single source.
• 🏛️ The concept of a 'golden share' for the government is discussed, granting oversight on plant shutdowns or capacity reductions, especially since the U.S. will be buying products made by a Japanese company in America.

American Exceptionalism and Investment

• 📈 As an equity investor, the speaker maintains an optimistic view, believing America enables people with ideas through its laws and court system.
• 💰 The U.S. is highlighted as a place where global capital is invested, fueling venture capital and private equity to build new businesses in local communities.

Stock Picks and Technology Trends

• 🔬 Coherent, a local company with roots in steel, is mentioned for its growth in crystals for industrial lasers and its move into exotic materials and optical networking.
• 🧠 The connection between optical networking, data usage, and Artificial Intelligence (AI) is emphasized as a key trend for Coherent.
• 📈 Max Evans is also liked for its comeback and consolidation of gains, with ad dollars expected to follow people to platforms like Google and social media rather than linear TV.