Join professional money manager Bill Gunderson and Chartered Financial Analyst Barry Kite as they navigate the latest market trends in this week’s Best Stocks Now show. Dive into the exciting world of AI stocks, which are experiencing renewed optimism despite brief market corrections. Bill and Barry discuss how investors can strategically manage market dips and the importance of maintaining composure amidst volatility.
He’s been seen on CNBC, the Fox News Channel, and the Fox Business Channel. His articles can be found on MarketWatch, Seeking Alpha, TheStreet.com, and many other places. He’s the author of the weekly Best Stocks Now newsletter and the inventor of the Best Stocks Now app. He’s president of Gundersen Capital Management. Here is professional money manager Bill Gundersen.
SPEAKER 03 :
And welcome to the Friday, it’s the Friday already show on this May the 8th, 2026. This is Bill Gunderson of Gunderson Capital Management and I’m here with Barry Kite, our Chartered Financial Analyst. And look at this, we’ve got the market blowing up to the upside here today with a brief correction in the AI stocks yesterday. They’re off to the races again today. The Dow right now is up a meager 82 points because it’s full of a lot of soggy stocks. You’ll see that in this week’s newsletter. The Dow is at 49,679. The NASDAQ, on the other hand, which is full of livelier stocks, that’s been my experience over the last 26 years in the market, is up 321 points right now. as the memory stocks are sizzling after a brief respite yesterday, a brief round of profit-taking. The S&P 500 is up 0.5%, kind of split in the middle between the Dow and the NASDAQ. The S&P, I want to say, is hitting a new all-time high today. I have to confirm that. 7,374. I hope you jumped in when I told you to jump in about four weeks ago now. Gold is up $39.10. All-important oil is down a little bit once again, and we are now down in the mid-90s with oil. And last but not least, Bitcoin is down $200,000 to $79,951. So welcome to today’s Best Stocks Now show with professional money manager Bill Gunderson of Gunderson Capital Management. And Barry Kite is here with me. And yesterday, Barry, you know, every once in a while, you’re going to get a round of profit-taking. And that which has gone up the most is that which is most vulnerable to a profit-taking round. And you were kind of minding the mint for a few hours yesterday. What did you notice when you sent out that last notification yesterday?
SPEAKER 04 :
Yeah, I mean, it was kind of a classic story of, like you said, of some profit-taking. There was no real news in terms of reasoning behind some of these AI further to it. to dissipate, and as you see, the round of profit-taking didn’t take too long, it didn’t seem like. We’ve got those names off and running pretty well this morning.
SPEAKER 03 :
Well, we have that terminology, buying the dips, and every time the good stuff dips, in come the buyers, and that’s what’s happening here again today. They’re coming back into the very best stocks in the market. And the other thing I would say is I just know, especially from our subscriber base, the people that subscribe to our services, a stock will have a down day and it will be down 5% or 6% and they’ll send me a frantic message. And what’s wrong with Corweave? Oh, you know, like it’s the end of the world. Well, you know, if you’re going to be in the market and if you want to make a lot of money in the market over time, you’ve got to be able to handle, you know, the days like yesterday. We were down about 2% yesterday, which does add up. I mean, it adds up. It’s no fun. But that’s part and parcel of being in the markets. Can you imagine? I mean, since I’ve been in the market, the Dow was at 3,000 when I started, and now it’s almost 50,000. And do you know how many dips there were along the way? Can you imagine if you just never did anything but just own the Dow or own the S&P and did nothing else where you would be today? And you have to be able to handle that. And I would say this too, Barry, and I’m sure you’ve noticed this in your time with me. Between the three portfolios, we probably own 60 stocks, I’m going to say, somewhere in there, maybe 70. There’s always going to be one or two, maybe three or four that are always giving you some pain.
SPEAKER 04 :
Right. Right? And no different than when you’re fully invested. If folks say, hey, I need to raise a little bit of cash, there’s always something on your list that’s the first one to go, right?
SPEAKER 01 :
Yeah.
SPEAKER 04 :
No matter what.
SPEAKER 03 :
Because it’s giving me some pain. It’s a thorn in my side, right?
SPEAKER 04 :
Yeah, and there’s always those names. There’s always, you know, I don’t know. It always seems to be sometimes the same names where it’s like, oh, back in Amazon again. And it’s like, oh, you know, for some reason that one always seems to be a tough one to get close to right.
SPEAKER 03 :
Yeah, and, you know, it’s just the nature of the beast. But I have also found there’s another side to that coin. The ones that are giving you pain, as soon as you sell them, that’s their signal to take off and go higher. So I’ve found that good stocks have a propensity to eventually come out of the doldrums, out of the funk they’re in. All stocks go into funks and doldrums. They don’t go up every single day. But the bad ones, they can remain in doldrums for 10 years. Disney’s been in doldrums for 10 years. You’ve gotten 1% a year return on Disney. Now, that’s a different story. But you take an NVIDIA or an ASM or an AMD. AMD had some rough days over the past couple of months. And yet they had blowout earnings this past week and pounded higher to new highs. So I’d also say the ones that are giving you pain in your side. If they remain good and nothing’s really wrong and there’s just some short-term overreactions, that’s one thing. A long-term change in the story can also happen also. But I didn’t see any long-term changes happening in AMD here recently. We held on it through thick and thin. through the roller coaster that stocks can be from time to time, and we’ve been rewarded handsomely for our patience and our belief and our faith and our confidence. in a very good, one of the best semiconductor stocks in the world. That’s just one example. Okay, let’s jump to oil. The Shell CEO flags a $1 billion barrel crude shortage and warns that will be a long journey back. CEO Wael Sawan. Now, I want to say Shell is in the Netherlands now. Shell was once a U.S. company. Yeah, Royal Dutch Shell, I think. Royal Dutch Shell, exactly. There is currently a shortage of nearly 1 billion barrels of crude oil, which will worsen each day that the Iran war drags on. Well, okay. Now, that raises the question. How long will the Iran war drag on? And to me, it’s a lot closer to being over than it is to dragging on. That’s just my opinion.
SPEAKER 04 :
Right, yeah. What did you say yesterday? I think you said we’re like 60, 65 days into it, and I’m like, man, time flies.
SPEAKER 03 :
Yes, and there’s a midterm election in six months, okay? That’s going to weigh into it. That’s probably going to be the longest it will drag on. I would say maybe four or five months more, maybe. But, you know, they’ll pull out all the heavy artillery if Iran doesn’t want to give up their nuclear ambitions. So I do see an end. I can’t tell you when that end will be, but I don’t think this is something that’s going to go on for years like Afghanistan did or like Iraq did. No, I don’t see that. So anyway, that’s my feeling about this temporary shortage. in gasoline shell also says the ceo oil darren woods of exxon says even if the straight of hormuz reopened it will take some time to work through the backlog and get the product to market Well, you know what? I mean, I have little channels in my garden that the water goes down, like irrigation out there in the Imperial Valley of California or in Arizona from the canals. And sometimes one of those little channels gets clogged up and all the leaves back up and blah, blah, blah, blah, blah, like the Strait of Hormuz. And you find that plug and you clear it, and all of a sudden all that water goes gushing through there. And pretty soon that big backup… is cleared and it’s flowing freely again. And I do see that happening in the future. He says there will be a one to two month time lag between the straight opening and the market seeing normal flow. So again, I would say that sometime before the midterm election, we seem to run our lives around these stupid elections every two years. And I think you’ll see some kind of an unclogging of that straight of Hormuz, whether it takes… bombing or whether it takes the negotiations or a combination thereof there was a big outing outage in virginia and they’re still working on it amazon web services says it’s making progress towards restoring it’s overheated Virginia data center. What is meant by that, Barry? Why has it become overheated? Overheated? Yeah, I wonder. Is it 112 in Virginia, for heaven’s sakes?
SPEAKER 04 :
Well, it gets pretty hot inside those data centers if you don’t cool them down, right?
SPEAKER 03 :
I’ve never been in one. I can’t vouch for that. Hey, it’s going to be an interesting newsletter this weekend because it’s late Friday afternoon that I start to assemble all of the earnings for the week. The summary of the earnings for the week, and it was last week when on Saturday morning I woke up to the news that the earnings estimates for this quarter had gone from 15.1% growth versus the same quarter last year. To 27.1%. I almost fell out of my chair when I read that. I’ve never seen anything like that in my life, in my entire career in the market. So we’ll see where we go. We had quite a few reports this past week. We’re kind of nearing the end of earnings season now. You think we’re top 30? Hey, we’re going to find out in tomorrow’s newsletter, which I begin.
SPEAKER 04 :
And you’re getting more and more data.
SPEAKER 03 :
Yep, we have a lot more data. And I begin that newsletter process today where we look at all the big stories for the week so you can see what we talked about all week. There’s usually some good ones there that you’ve never heard of in that portion of the newsletter. There’s the summary for the week, how the different indices did for the week, where we’re at year to date in all the major indices. There’s the technical analysis of about 20 different things, like the markets, the S&P, the Dow, the NASDAQ, the gold, Bitcoin, the bond market, and a bunch of different things that I analyzed. The technical analysis tells you a lot. about the markets and where they’re at in any given point in time. And then the all-important macro outlook. I mean, that’s my anchor. That’s right in the center of the newsletter. Everything else kind of radiates out from that center of the newsletter. And my macro forecast, I went back and read that article that I wrote four weeks ago about all the reasons why. I thought this was one of the most compelling buys of all time. And everything that I said in there has come true. Made good sense. Yes. I mean, it made good sense. There was no reason to doubt it, really. And I’ll be updating my macro outlook today and tomorrow in the newsletter. I have a little bit of help doing the newsletter these days, which helps me a lot. But the main stuff is, you know, my baby and my thing. And I continue to do that. And I also want you to take a look. If you’ve never gotten the newsletter before, I publish four portfolios every single week, rain or shine, in one. the client version, the subscriber version, or the free trial version, they’re all one and the same, of those four portfolios. And not only does it have where we’re at year-to-date in each portfolio, it also has how they’ve done since I started each portfolio way back in January of 2019. So we’re in our seventh year now. of those portfolios. Take a look at where they’re at. You’re to date. I think you’ll be pretty impressed, and I do very careful math on everything, but as always, you look through it, read all the disclaimers and everything, and you judge for yourself. Now, I’ve heard of, there’s been a lot of movies over the years about smuggling. I remember, I think it was the Marrakesh Express that was a big smuggling ring, and I remember the French connection with the great Gene Hackman and other smuggling-type movies. The U.S. is said to suspect NVIDIA chips smuggled to Alibaba via Thailand. There’s a movie. Okay. Huh?
SPEAKER 04 :
Yeah.
SPEAKER 03 :
Yes.
SPEAKER 04 :
I mean, not quite as exciting as some of the other stuff that was smuggled in those other movies, but I guess.
SPEAKER 03 :
No, that was something to do with hashish. Hashish. And maybe he got caught smuggling a bunch of. Yeah. Yeah. Gun running. But the guy that got caught with the hashish, he ended up in a, I think it was a true story, in a prison for many, many years. uh now yeah the guy that opens his trench coat and there’s you know watches in there now it’s hey baby want to buy an nvidia chip i’ve got a lot of them and what are they smuggling them in you know like containers of uh of saffron spices from india or or something like this and inside or uh or They smuggled billions of dollars.
SPEAKER 04 :
Yeah, all I know is they’re not cheap. Yeah, so whatever they are, they’re, what, $60,000, $80,000 a pop, I think.
SPEAKER 03 :
Yeah, and who was the middleman in that? Super microcomputer to the rescue, SMCI. They had the proverbial trench coat.
SPEAKER 04 :
It’s got to be a movie.
SPEAKER 03 :
I hope some movie producer gets a hold of this and the whole smuggling connections. U.S. prosecutors outlined a scheme in which Supermicro’s co-founder, probably one of the most controversial companies out there in the markets today, allegedly worked with an unnamed Southeast Asian company and a rotating cast… Peter Sellers was in there and Gene Hackman was in there and all these other characters. A rotating cast. Of third-party brokers. You ever buy anything from a third-party broker lately? Diverting fake Rolex watches or whatever to divert the AI semiconductors in violation of U.S. trade rules. The Southeast Asian firm the prosecutors did not name Identified only as Company 1 is Bangkok-based Obon Corp. So look that one up on Grok. Obon, O-B-O-N. Okay, here we go. Back to the memory chips once again. There’s hardly a day that goes by that we don’t talk about these memory chips. And you’ve got, there’s only four companies in the world that produce these chips. And one of them is kind of really out of commission right now because of a strike. And that’s making the other three even that more profitable. SK Hynix is not on a strike. It’s the other South Korea memory maker. is seeing unprecedented offers as big tech rushes to secure chips. So they’ll pay any price, in other words, to get these chips that they need. They’re offering, they’re bidding them up. This is crazy. As they look to secure chips, citing unnamed sources close to the matter, firms have been proposing offers ranging from investments into dedicated memory production lines to purchases of high-end, multimillion-dollar production machinery, to Super Bowl tickets. I just threw that in.
SPEAKER 04 :
It’s not Super Bowl tickets. I don’t think that’ll get you very far. Yeah, maybe World Cup tickets. Those things are getting really expensive.
SPEAKER 03 :
Yeah, the World Cup’s coming. Jackson County, Missouri, there in Kansas City, is going to be the home to a lot of that World Cup event. The chipmaker is cautiously weighing offers and commitments, and available capacity remains essentially zero. They have zero. They cannot step up their capacity anymore. The only thing you can do is outbid somebody, okay? And I don’t know. I mean, once you’ve committed to somebody, I don’t think you can back out to a higher bidder at that point. So that’s where that stands. This is Bill Gunderson. Thank you for tuning in to today’s Best Stocks Now, Best Inverse Funds Now show. I put several hours of research in during the wee hours of the morning each day to bring you the very best cutting-edge stories that I can. To get two free weeks of my newsletter, go to GuntersonCapital.com. To talk to us about our fee-based only money management services, call us at 855-611-BEST. Now, back to the second half of the show. Anthropic Ways deal for a near $1 trillion. valuation, uh, $1 trillion, uh, valuation. Well, okay. You know what, uh, you know, at some point you you’ll find out how much money they’re actually taking in, in the way of sales. So you can then establish a price to sales ratio. And then you’ll be able to find out their cash flow position, which includes earnings or lack thereof, losses. It includes financing, whether it be through bonds or through stock, you know, floating more stock. And their debt payments, that’s all in their cash flow statements. And we’ll find out. We know there’s no earnings. We already know that, that there’s no earnings. Yes, how much are they losing is what we need to know.
SPEAKER 04 :
They’re going to need that trillion-dollar valuation, Bill. I read a story on Tuesday that they’ve inked a deal with a $200 billion chip deal with Google. over the next handful of years. How do they pay for those with no sales? Well, luckily it’s over the next five or six years, so I guess we’ll figure out how they’ll pay for it along the way. But as soon as you said they were going to have a trillion-dollar valuation, I’m thinking they might need more money.
SPEAKER 03 :
Yeah, they’ll immediately go to the debt markets probably. Well, they’ll be doing a secondary offering soon after the primary offering. Because, yeah, I mean, $200 billion on a trillion-dollar valuation, that’s pretty dang significant. And I just, I would not be buying this. And there’s a lot of money that people have invested in these private companies. that are getting ready to go public, Anthropic, OpenAI, and SpaceX are the three main ones right now lined up on the runway, racing to be the first one to market. We wrote up an article on SpaceX, and we spent a lot of time doing the research. They didn’t like it, huh? No, they rejected it. Did they say why? I was curious. Because we were negative on it. We were negative on SpaceX saying the only ones that are, we called, the title was burning money in outer space, which is absolutely true. I like it. Because their model is to build data centers in space that are powered by solar energy that doesn’t filter through the atmosphere directly to the solar panels to cool it From the atmosphere. I mean, if you’re in an airplane and you’re 30,000 feet, you’ll notice it’s minus 56 degrees up there. That’ll keep those data centers. That data center in Virginia wouldn’t have went down if it wasn’t outer space. Yeah, it would not have overheated. But the whole concept is really pie in the sky. It hasn’t even been tested yet. And most of the people that I listen to, well, OpenAI, Sam Altman, who does not like… Elon Musk he says it’s crazy it’s a ridiculous concept and yet it’s going to probably get a trillion dollar valuation also now the people that are in early I mean we met with the guy in San Jose last year which will be coming there real soon we’ll have that on the calendar real soon that’s my favorite one of my favorite places to go remember he had all that 25 cent stock left from meta and now it’s worth like 40 million or something like that yeah it was an incredible he got in really really early into the meta deal facebook it was facebook back then the symbol was fb before they changed the name of the company to meta and the symbol the meta but he’s just sitting on all of that stock with it’s all pure capital gains but I would feel safe to say that he’s set for life. I mean, he can just start taking a few million dollars a year off of those shares and pay the taxes. Apple gains taxes. So I’m not a fan of these private offerings. There’s about four right now. And on Yahoo… going to look at this up here on yahoo finance let’s see they have the uh yeah they are private company index okay and they have the current valuation so number one is spacex and they base the valuation not on where the stock is not trading so there is no public market for it they’re basing on it on where the latest round of funding took place right SpaceX has got a valuation on it of $1.5 trillion. OpenAI is at $850 billion, not a trillion. And the last time Anthropic did anything, it was $400 billion. I don’t know how it got to a trillion all of a sudden. And then you step way down. Those are the big ones. Those are the big three, SpaceX, OpenAI, and Anthropic. Underneath that, you have Stripe. You know, Databricks and Endural, which is the kind of creepy weaponry stock. And nothing. Well, you get down to Cerebros. Cerebros is an AI chip company, high-end. Perplexity is an AI company. And then Cauchy, you know all about Cauchy with the predictions market. Those are your private companies expecting to go public. Those are the biggest ones at the current time. So we’ve got an old timer that’s all of a sudden become relevant again. We’re seeing a lot of that in the AI space.
SPEAKER 04 :
Yeah, I mean, Intel, for example. Intel’s come way back from where it was just two years ago.
SPEAKER 03 :
Oracle’s been coming back a little bit. A Dell computer. I mean, Dell was down to just the PCs that we bought.
SPEAKER 04 :
Yeah, Dell’s a great example. I mean, even AMD, for example, is really blown up in terms of, I mean, it was the second most important chip company anyway, but it ate Intel’s lunch for a while. And, of course, I mean, it’s been… You know, on a tear now, above $300 at least.
SPEAKER 03 :
Well, I got a new one joining that club today. Join the AI club. Sign up here. Today only we’ll give you 500,000 points. Akamai. Akamai’s been around since the Internet was invented. I remember Akamai back in the 90s. That’s how long Akamai has been around, A-K-A-M. And the description of Akamai is it provides cloud computing, security, and content delivery services. Headquartered in Cambridge, Massachusetts. They’re Boston there. They IPO’d in 1999. I still remember when they IPO’d. That’s 27 years ago. That was about right when I was getting into being a professional money manager. And they were the picks and shovel to the internet, not AI. They were picks and shovel to those that wanted to have a web exposure and a place on a web with a website and doing commerce through that website. So anyway, Akamai is up $23 a share. And what do they get? They get a big data center infrastructure deal. And that data center infrastructure continues to be the sweet spot in the market. And some would argue, well, it’s the only spot in the market. And this market is too narrow. Therefore, it’s going to collapse. Well, the S&P 500 earnings are not collapsing. They’re going higher, and they’re being aided by these data center stocks and other companies that are out there on the periphery of all of this activity, like a beehive, and the bees are buzzing all around it. It’s not just your core AI stocks. There’s a lot of other ancillary stocks out there And we’ve seen several of them here recently report huge earnings. I’m thinking of Sterling Infrastructure, which we don’t own. But it had a huge day. It was up 52% earlier this week in one day. I know they’re based, I believe they’re based in Virginia. And they signed a big data center infrastructure project. deal okay so akamai in the news today akam uh let’s see here what do i got next we got well core weave okay core weave is uh down somewhat today i think that’s around a profit taking myself core weave Does not have earnings yet, but the sales growth is incredible. CoreWeave right now is pulling back 12%. We do own CoreWeave in our, I think in the older growth or the emerging growth, maybe both. I can’t remember right now. It’s down $15 a share today or 12.1%. So it’s the proverbial thorn in the side. It hit a new all-time high two days ago. Just two days ago, it hit a new all-time high. What has been the worst sector in the market in 2026, Barry?
SPEAKER 04 :
That’s interesting. I’m going to say health care, maybe. Come into tech. Come into the tech world. Worst in the tech world. Oh, software, for sure.
SPEAKER 03 :
Yes, sir. That has been by far the worst sector in the market this year. And why is that? Because the thought, and we’re getting confirmation of this today in a big, big, big way, that AI is not good at all for the software sector. We own one software stock, and it’s one that’s giving me a thorn in my side right now. We don’t own any other software stocks. And if we look at the software ETF here, year to date, it is down year to date, 12-month return, three-month return. Where’s my year to date? There it is. It’s down 14% year to date is the software sector. But a lot of stocks are worse than that. Now, listen to this. I’m going to say… The best software SOC in the world, in today’s world, is Palantir. And it’s struggling. The second best, I’m going to say, is CrowdStrike. And it’s, you know, it’s trying to hang in there. The third best one, in my opinion, is Cloudflare, which is NET. Have you seen what NET is doing today, Cloudflare? And this is a real pattern that we’re starting to see in the software sector.
SPEAKER 04 :
Down 24%. Yeah, it was down 12% earlier today when I saw it up next to CoreWeave. But, yeah, down 24% today, losing a quarter of its value.
SPEAKER 03 :
It’s down $62 per share. The symbol is net. You might say nothing but net. Well, that net’s around the trash can right now, and it’s landing right in the trash can. Why? Because of massive layoffs. Yeah, 20% of their workforce. Wow. 1,100 employees globally, or 20% of their workforce, is going to be laid off. That’s a massive red flag there. And I have to look at, just for fun, I’ve got to look at, for instance, let’s look and see how Palo Alto Networks is doing today. I’ve got to believe that this is rippling through the software sector.
SPEAKER 04 :
I’m looking at this article, I guess, article that was written on May 4th about Cloudflare. It says, up 90% since my bull call, but you’re too late? But you’re not too late.
SPEAKER 03 :
Like, what? You know what? Funny enough, Palo Alto Networks has a great chart right now. It’s actually breaking out a little bit. So it’s bucking the trend here. Let’s take a look at the other one here, which is CrowdStrike, CRWD. It’s been pretty shaky lately. CrowdStrike has CRWD. Going the other direction. At least it’s up 2%. And it’s breaking out. Look at that. So this seems to be contained to Cloudflare, which was a big Motley Fool stock. And as I look at Palantir… That’s a chart you call dead in the water. What is that? Dinty, Dinty, Dinty Moore. Palantir is dead in the water right now, just going sideways in a number one sideways trend. I mean, going nowhere. Palo Alto and the other one here, CrowdStrike, are breaking out. Those are excellent charts, but I’m a little gun-shy here of this sector. And it’s being confirmed today that it’s true that AI… You know another bad one? CRM looks terrible. Horrible chart. The other one that looks horrible is ServiceNow. ServiceNow is a horrible chart. Horrible chart. I’m going to look at HUBS, which is kind of the runner-up to… CRM, look at HUBS today, down 22%. The CRM, customer relationship management stocks, are getting clobbered. That means Salesforce. That means Fortinet. That means HubSpot. All of these CRM stocks, they look awful. But the other two stand out like a sore thumb in this sector right now. Palo Alto, P-A-N-W. And CrowdStrike, CRWD, if you want to look up those one-year charts. Okay, well, we’re out of time. Minnesota is a week from this Monday. I’ve got to book my plane tickets today and get ready for that trip. And we added an extra day Thursday.
SPEAKER 04 :
We’re coming home Friday. We’ll be May 19th, 20th, 21st. That’ll be Tuesday, Wednesday, Thursday.
SPEAKER 01 :
Wow.
SPEAKER 04 :
And then, of course, we’ll be heading back this way at some point on Friday. But, yeah, we’ve got a full schedule. Looking forward to it. It’s going to be great.
SPEAKER 03 :
I’m going to take my vitamins and eat my Wheaties. Or is it Monster Energy with the 400 milligrams of caffeine every day? I love doing it. But, yeah, I mean, that’s a lot. That’s a big week. And I manage money and do the radio show during it all and do a workshop for three hours. All right. To reserve a spot with us, either in Minnesota or anywhere in the world, 855-611-BEST to talk to us about our money management portfolios. To get a four-week trial to the newsletter, the live trades, the app, GundersenCapital.com. GundersenCapital.com. Have a great day, everybody.
SPEAKER 01 :
This show is not a solicitation to buy or sell any securities. Bill Gunderson or clients of Gunderson Capital Management may have long or short positions in stocks mentioned during the show. Past performance is not indicative of future performance. Gunderson Capital Management is a fee-based registered investment advisory firm. All accounts are held at Charles Schwab. Schwab is a member of SIBC and FINRA.
