Nobody knows who will win the AI race Six weeks in, the votes are coming in. The Anthropic fund (ANTW) has US$19.3 million, more than the other four put together. The OpenAI fund (OAIW) has US$5.7 million. The Meta, Google and SpaceX funds have about US$2 million each or less. Anthropic sells mostly to businesses. Meta puts AI inside Facebook, Instagram and WhatsApp. Google has the research, the data and the cloud under one roof. If you have a view on which lab wins, Harbor says, you should be able to invest in it. If you can’t decide, buy a few and “adjust ecosystem weights as AI leadership evolves”. Its chief investment officer, Kristof Gleich, went further. He believes 2026 is the year AI stopped being a theme and became an asset class of its own. Harbor Capital, a US fund manager with
Look, you'll know if you’ve been through a few market cycles, that when index gets this concentrated, when stock market gets this volatilethe world get dangerous. During this rare and temporary extreme in the markets, I'll share how you can safely compound your wealth in the next report set yourself up for passive, work-free retirement income. One that could pay down all your expenses and continue growing over time... Without taking huge risks. And if you want to take advantage of overlooked stock market opportunities, picking up blue-chip outperformers, low-risk high dividend dominators, and more Look into various good stock to choose from ,A flood of capital keeps pushing the biggest AI & tech stocks higher and higher. Today, conditions have changed - bond yields are rising, in
While higher rates do discount more of future corporate profits, fast earnings growth can outrun that. Wall Street analysts expect S&P 500 profits to grow 29% this quarter, and are raising estimates, not cutting them. Historically, stocks typically broke down only after long-term yields climbed 2–2.5% (and they’re up just 1.2% since February’s low).What happens if stocks do stumble? Bonds might be the answer. Since 1990, US Treasuries have typically cushioned the impact when stocks fell 5% or more. And if stocks keep rising instead, that’s fine too: history shows that when bond yields start this high, it has usually meant strong five-year returns. A 5% starting yield, plus the diversification bonds provide, is a compelling combination – even if fixed income isn’t the most popular kid i
Oil matters to inflation more than almost any other single commodity because it touches everything. Transport costs more, manufacturing costs more, even your electricity bill costs more, because an oil price move flows through to nearly every other price in the economy. Brent oil funds is also the top performer on this entire list, which tells you how large this year’s Middle East supply shock has actually been. The risk cuts both ways. The same headline risk that took this up 104% can reverse just as fast if there is real de-escalation, and futures funds bleed a little to the roll from month to month even when the price goes nowhere. Commodities used to mean opening a separate futures account. Futures are leveraged, and they come with quirks like contango and backwardation, where near-ter
Oil matters to inflation more than almost any other single commodity because it touches everything. Transport costs more, manufacturing costs more, even your electricity bill costs more, because an oil price move flows through to nearly every other price in the economy. BNO is also the top performer on this entire list, which tells you how large this year’s Middle East supply shock has actually been. The risk cuts both ways. The same headline risk that took this up 104% can reverse just as fast if there is real de-escalation, and futures funds bleed a little to the roll from month to month even when the price goes nowhere. Commodities usedlike oil to mean opening a separate futures account. Futures are leveraged, and they come with quirks like contango and backwardation, where near-t
The rise of AI poses a threat to software stocks. A powerful enough AI can customise a company’s software, or at least call into question the value of standardised software that costs more than an AI subscription and doesn’t fully suit a business’s operating needs. Some companies may switch to AI to disintermediate software altogether, which would mean less revenue for software companies. But the reality is that most software stocks are still reporting revenue growth. That’s because the stock market is forward looking, and prices in the future impact on software fundamentals well in advance. That said, investors may have gotten too pessimistic on software and too optimistic on AI. In July, overleveraged AI bets got unwound and software stocks soared. The proxy VanEck Semiconductor ETF (SMH
Nvidia expects $108b in Q3 revenue and projects FY28 revenue to grow about 70%. Management explicitly said customer forecasts point to demand that could support roughly doubling again next year, but it’s guiding to only about 70% growth because it doesn’t currently have enough supply to satisfy all that demand. The largest company in the world by market cap, already $5.5T, shouldn’t be growing like a young company. But that’s exactly what Nvidia is doing. It has boomed for three years running, and in the latest quarter, revenue grew 106% and earnings jumped 126%. These are numbers you’d expect from a young, fast growing company, not a megacap. Yet here we are. It’s earnings season, and investors are watching AI-related stocks closely, trying to figure out if the AI trade is alive or dying.
Broadcom is super plugged into the AI value chain. It doesn’t just produce AI chips for companies like Google, it also makes the networking chips needed to move huge volumes of data fast enough for the AI era. Its overall revenue rose 86% to $29.6b, but AI semiconductor revenue exploded 221% to $16.7b. Hock Tan, President and CEO of Broadcom, said, “In Q4 the momentum continues, and we expect AI semiconductor revenue to accelerate to $21.7 billion, up 236% year over year.” But in FY28, Broadcom isn’t expecting 200% growth anymore in AI semiconductor revenue. Revenue is projected to hit $230b, up from an estimated $115b in FY27. Still, that’s 100% growth. The stock still fell, though. Expectations were even higher. Broadcom guided Q4 revenue to $34.8b, but LSEG consensus was about $35.03b,
For the longest time, Microsoft lumped its cloud business unit Azure together with other businesses like GitHub, Security Copilot and healthcare cloud revenue. That made it hard for investors to know how fast Azure was really growing. Not anymore. Microsoft has finally decided to report Azure separately. Revenue for the June quarter was up 42% YoY, from US$20.7b to US$29.4b. FY2026 Azure revenue came in at US$101.9b, up 40% from US$72.6b. Quarterly Azure revenue accelerated from US$22.4b to $24.1b to $26.0b to $29.4b through FY26. Azure isn’t merely large, growth actually accelerated into Q4 despite the increasingly bigger base. Broadcom is super plugged into the AI value chain. It doesn’t just produce AI chips for companies like Google, it also makes the networking chips needed to move hu
Based on the latest futures market, the probability of a rate hike in September 2026 has dropped to 34.7%, down from more than 50% just a week ago. No rate hike is good news for AI capex. Companies like Alphabet are issuing new bonds to fund their expansion, and a hike would have raised their cost of funds, squeezed profits, and possibly delayed plans to borrow more and expand faster to meet demand. That worry is off the table for now, at least for the next two months, so they can carry on. Commodity prices are one thing worth watching. Not just oil, but copper, corn, and other raw materials that go into whatever we produce. They tend to lead the inflation numbers rather than follow them. The prolonged Iran War sparked fears that inflation would come roaring back. New Fed Chair Kevin Warsh