InvestTalk 7-17-24 - Is the AI Bubble Bursting?
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 18 July 2024
⏱️ 48 minutes
🧾️ Download transcript
Summary
A new Goldman Sachs report questions the massive AI spending with little to show for it, suggesting the AI bubble may be deflating. Tech giants are backing away from AI investments, while companies struggle to find practical applications. Is this the beginning of the end for the AI hype, or just a temporary setback in the industry's evolution?
ALSO in this podcast: CRGY - Crescent Energy Co. (NYS), VICI - VICI Properties Inc. (NYS), CCJ - Cameco Corp. (NYS), PPLT - abrdn Physical Platinum Shares ETF (ETF), BTI - British American Tobacco PLC ADR (NYS), AAPL - Apple Inc. (NAS), ; plus Justin's market wrap, questions on Indexing, Market Sentiment-Call Options, Retail Spending by category.
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Transcript
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| 0:00.0 | On radio, on YouTube, streaming live on Invest Talk. |
| 0:05.0 | And for our podcast subscribers, this is Invest Talk, above average investing for the average investor. |
| 0:16.0 | Invest Talk is made possible by KPP Financial, a registered investment advisor firm, serving clients throughout the United States. |
| 0:26.0 | Here is KPP Financial Chief Executive Officer, Financial Advisor Justin Clyde. |
| 0:40.0 | Good afternoon fellow investors and welcome back to Invest Talk. This is our Wednesday, July 17th, 2024 edition of Investock. |
| 0:46.0 | I appreciate you all tuning in to this hour and our job is the same as it always is, |
| 0:52.0 | which is to help you become a better investor. It's not an easy |
| 0:56.3 | thing to do. It takes consistent effort, consistent data, and so much that goes into making consistent decisions with your money. |
| 1:06.0 | It's not just about find the next big stock tip that's never going to be the path to financial freedom. |
| 1:13.0 | It really isn't. |
| 1:14.0 | It's understanding the fundamentals of good investing, |
| 1:18.0 | good asset allocation, |
| 1:20.0 | and finding opportunities, as well as avoiding the pitfalls that befell all of us but more so the average investor which is driving your decision-making process with emotions. |
| 1:36.1 | The goal here is to look at the facts on the ground, how the world is, and how that will manifest in markets. |
| 1:46.4 | And right now is a perfect example of that, |
| 1:47.9 | which we are going to dig in here in a bit, |
| 1:50.7 | which is really about you know whether or not you know whether or not you know whether or not the |
| 2:00.7 | assets you're looking at are overhyped and whether or not you're starting to see that shift in markets. |
| 2:09.0 | What's happening with the Trump presidency, potential presidency, and that being pricing the market. |
| 2:14.4 | So we look forward to answering your finance and investment questions. |
| 2:19.7 | That's what we do each and every day on invest stock, which is to help you become, that's how we do it each and every day on a best doc which to help you become we that's how we do it right we answer |
| 2:26.2 | your questions and then we come with our topics which we have plenty to discuss and we will continue to follow through on that each |
... |
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