Olivier Blanchard notes rockiness in the chip trade but expects it to smooth out with the world's growing reliance on A.I. He anticipates companies to use the technology in ways that improve employee efficiency. He maintains bullishness on giants like Nvidia (NVDA) and AMD Inc. (AMD) while pointing to Qualcomm (QCOM) as an undervalued play. Intel's (INTC) comeback adds to Olivier's argument: "don't bet against" the company.