What Happens When AI Spend Peaks?
It is a short listen on how one manager frames the AI spending story after earnings, which sits behind much of the current equity narrative. Useful for advisors who want the sell-side framing of capex, Fed policy and macro concerns in one place.
Summary
By the markets & outlook deskGoldman Sachs' Tony Pasquariello, Josh Schiffrin and Dominic Wilson discuss whether the AI trade is shifting into a more two-sided phase now that hyperscaler capex is moderating. The episode, recorded October 29, 2026, covers the AI capex narrative after earnings, whether big tech can catalyse an equity rally into year end, and the path ahead for the Fed. They also address what the description calls the crowded wall of worry in macro.
- The AI trade may be transitioning into a more complex, two-sided phase after years of supercharged growth.
- Hyperscaler capex is described as moderating while corporate earnings hold the line.
- The speakers ask whether big tech can provide the catalyst for equities to rally into year end.
- The discussion also covers the path ahead for the Fed and the crowded wall of worry in macro.
Similar items
Same topic Are Energy Stocks Still Cheap? | CRThe Compound (Ritholtz Wealth) |
 Equities Tricky, Fixed Income Treats During Busy Fed Week | DCDoubleLine Capital |
 This Week in Review | Tech Volatility, Rate Decisions, UK Budget, Q3 GDP (Oct. 30, 2026) | FIFisher Investments |
 Who Benefits from AI? | Asia Summit 2026 | MIMilken Institute |
 Managing IPO Wealth: Strategies for Financial Advisors | BlBlackRock |
Get the weekly 3 to watch
Free, in the Morning BriefEvery week the Morning Brief picks three videos and podcasts worth your time, with why each one matters.
Free. Every morning. Unsubscribe from any edition in one click.
Videos and podcasts are embedded from their publishers. Selections and summaries are editorial and are not investment advice.