Bloomberg is reporting that one of the key signals driving the AI trade is losing its reliability — and that raises a critical question for investors who&#x27;ve built positions around AI infrastructure, chips, and related names. When the narrative cracks, understanding what&#x27;s driving valuations underneath becomes more important than ever. Today&#x27;s Stocks &amp; Topics: SAP SE (SAP), Market Wrap, Sirius XM Holdings Inc. (SIRI), AI Tokens, Terex Corporation (TEX), What Happens When the AI Bubble Pops? The Trade Is Losing Its North Star, Applied Industrial Technologies, Inc. (AIT), Adobe Inc. (ADBE), SMI 3Fourteen Full-Cycle Trend ETF (FCTE), ROTH Conversions, Hyperscalers. Our Sponsors: * Check out Anthropic and use my code claud.ai/invest for a great deal: https://www.anthropic.com * Check out Quince and use my code quince.com/INVEST for a great deal: https://www.quince.com Advertising Inquiries: https://redcircle.com/brands

What Happens When the AI Bubble Pops? The Trade Is Losing Its North Star

InvestTalk

This is InvestTalk from KPP Financial, helping investors make sense of the markets one day at a time. Here's your host, Luke Guerrero. Good afternoon, fellow investors, and welcome to the Tuesday, July 7th, 2026 edition of InvestTalk.

I'm your host, Luke Guerrero, and I'll be with you over the next hour as we dissect what happened in the market today, bring you stories that matter, and most importantly, answer your finance and investment questions. But being that it was just one week ago, I do want to send out yet another reminder that if you missed our latest Wealth Webinar, Beyond the Yield, How to Invest for Your Income Needs, that is available now on the InvestTalk YouTube channel and it is free to watch.

So I encourage you to head over there and check out that webinar or any of our previous webinars. All right, in just a bit we'll talk about today's market performance. We will run down our show topics, but why don't we kick it off by answering a fresh caller question now. Hey, Justin and Luke. I was looking at SAP SE. The company is, it looks like it's down pretty much over the year, and it looks like a pretty good company.

I know the AI is kind of the dark cloud looming over it, but what do you think? It seems like it's a solid company that has been doing well. So let me know what you think. Thanks. SAP is, SAP SE, it is a German-based enterprise software company. So they got SAP Business, they have Business Data Cloud, all sorts of different software solutions.

What Happens When the AI Bubble Pops? The Trade Is Losing Its North Star

Read the full transcript

The candid version is on a podcast,
not the earnings call.

What Happens When the AI Bubble Pops? The Trade Is Losing Its North Star

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.