Are chip and memory stocks in a bubble? Or just rationally riding an ever-increasing demand for AI infrastructure? Today on the show, Rob Armstrong and Katie Martin unpack the rally in chip and memory stocks. Also they go long a stalemate in the Middle East and long the fracas surrounding the new Ferrari. For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer. You can email Robert Armstrong and Katie Martin at unhedged@ft.com. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The chip and memory stock frenzy 

Unhedged

[SPEAKER_A] From globalization to innovation, sustainability to market volatility, there's always more than one side to a story. Explore different perspectives on today's most important business and economic issues with The Flip Side podcast from Barclays Investment Bank. Hear two research analysts in a lively debate and get insights from every angle to further inform your view. Listen to The Flip Side on your favorite platform. Pushkin. A new divide is opening up in stock markets between tech stocks and, well, other tech stocks. Investors still just cannot get enough of the whole AI thing. Stocks in the ecosystem of semiconductors, or chips to their friends, are still ripping higher, absolutely killing it. But software stocks have been getting clobbered. What does that tell you? It's that AI will kill at least a large part of the industry that forged it in the first place. There's gratitude for you. Today on the show, chips and dips. We unpack these divergent fortunes and ask, are chips in a bubble or a supercycle? This is Unhedged, your friendly markets and finance podcast from the Financial Times and Pushkin. I'm Katie Martin, a markets columnist at FT Towers in London. Where it is aggressively hot. Joining me all the way from over there in New York City is Rob Armstrong, my partner in crime on the Unhedged newsletter with his fancy new glasses. Rob, how's it going?

[SPEAKER_B] You know where else it's hot, Katie, is in the FT audio studio in New York. I want all our listeners to imagine a large middle-aged man slowly turning into a puddle. In here.

[SPEAKER_A] A large middle-aged man in quite a small box, actually. You could probably reach this wall behind me.

The chip and memory stock frenzy

Read the full transcript

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

The chip and memory stock frenzy

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.