The WINNING stocks for the AI chip boom! | Adam Parker
Full Signal
Phil Rosen
4.8 • 18 Ratings
🗓️ 2 March 2026
⏱️ 37 minutes
🧾️ Download transcript
Summary
Adam Parker is the founder and CEO of Trivariate Research. He joins Phil Rosen to discuss his strategy for picking winning semiconductor stocks, investing in AI, hedging against risks in the market, his highest-conviction trade ideas and more.
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Timestamps:
0:00 - Intro0:30 - AI fears sell-off4:25 - Picking semiconductor stocks7:50 - Nvidia earnings9:08 - S&P 500 is an AI ETF10:15 - Public & Generated Assets11:22 - 9 semiconductor categories16:41 - Hedging AI risks19:15 - Bullish indicators21:40 - Shifting valuation metrics24:49 - Institutional sentiment26:07 - Korea stocks27:33 - Healthcare bull case31:45 - Financials sector33:31 - Follow Adam's work
Disclosure: Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. See terms of Match Program at https://public.com/disclosures/matchprogram Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time.
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Transcript
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| 0:00.0 | What's up, guys? On this episode of Full Signal, I'm sitting down with Adam Parker. |
| 0:03.9 | He's the founder and CEO of Trivariate Research, which is one of the leading research shops on Wall Street. |
| 0:10.0 | He was previously the chief U.S. equity strategist at Morgan Stanley. |
| 0:14.0 | And in this conversation, we get into specific stock picks in the semiconductor and AI trade, |
| 0:19.0 | what he's watching, what he thinks is undervalued right now, |
| 0:21.6 | and his most bullish, highest conviction calls for the year. I learned a ton in this conversation, |
| 0:27.3 | and I think you will too. Adam, it's great to see you. I really want to get into your views on |
| 0:34.4 | what is happening with the AI fear-driven driven selloff right now. We've seen |
| 0:38.7 | software tank, a lot of semis are kind of going mixed right now. How are you thinking about this? |
| 0:44.5 | You know, it's definitely one of the biggest investment controversies for US equity investors |
| 0:48.0 | is how to time the data center overbuild. I think this past week, there were a few nuggets for the bears. |
| 0:58.0 | One is NVIDIA's print, right? Big numbers, numbers come up, stock goes down. |
| 1:05.0 | Really makes it hard for people to think that the valuation will expand really ever for the revenue beneficiaries. |
| 1:11.7 | If you want to own Nvidia, you're saying I think the earnings and sales growth will offset |
| 1:15.4 | multiple contraction and that was kind of a big data point from the week. |
| 1:19.1 | I think the second data point from the week that I focused on was HP. |
| 1:23.7 | HP said that memory pricing is starting to hurt demand for boxes. |
| 1:27.1 | So the way to think about that is if you sell a thousand dollar computer and memory is usually |
| 1:31.2 | $150, if it's now 350, they would lose money. |
| 1:34.8 | So they have to raise pricing, make it $1,200 for the box, and that's hurting demand. |
| 1:39.4 | So not everything is inelastic at some level if boxes go up. |
| 1:43.5 | So I thought that was a, you know, kind of a Tuesday night last week data point that was a little bit cautious. The third thing that I think is a mark-to-market you can see every day on AI is soft bank stock price. It's kind of telling you what open AI is worth, you know, to those evaluating it, stocks down meaningfully. And then I'd say lastly, you know, |
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