RiskReversal Pod

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In this episode of the RiskReversal Podcast, hosts Dan Nathan and Guy Adami discuss significant market movements such as the volatility index breaching 20, the rolling over of bank stocks, and Walmart's rise to an all-time high. They also delve into sectors affected by AI disruption, including tech, software, and semiconductors. Special guests from The Wall Street Skinny, Jen Saarbach and Kristen Kelly, join to discuss Google's issuance of a 100-year bond denominated in Sterling, the ongoing Warner Brothers acquisition saga, and the long-term impact of AI on employment and various industries. The episode concludes by examining the potential market effects of these trends and the implications for retail and institutional investors.

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Dan Nathan sits with Dan Ives, head of Technology Research at Wedbush. They delve into Q1 market earnings, guidance for 2026, and the implications on CapEx and stock market reactions. The discussion expands to OpenAI’s influence, disruptive technologies, and tech stocks like Microsoft, Meta, and Nvidia. They also cover Ives’ diversified roles including his tech research, crypto investments, and his eponymous ETF. The conversation touches on AI’s impact on tech and software sectors, the rise of financial services utilizing AI, and the broader implications for future investments and market behavior.

Show Notes

He’s Wall Street’s Biggest Showman. Should You Trust Him? (Barron's)

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Dan Nathan, Guy Adami, Kristen Kelly and Jen Saarbach discuss the recent happenings in the stock market, with a focus on the significant shift in sentiment towards SaaS companies. They explore how AI investments and the ensuing financial implications are affecting market valuations. The conversation touches on several key areas, including Microsoft's fluctuating performance, the role of rising interest rates, and the broader impact on the credit markets, especially in private equity and private credit. Additionally, the panel discusses the recent volatility in the cryptocurrency market, questioning Bitcoin's role as digital gold and the structural issues within the crypto ecosystem. They also examine the intriguing financial strategies and market maneuvers of Elon Musk's companies, particularly the recent merger between SpaceX and xAI. The episode concludes with a look at potential market rotations into sectors like financials and energy, as well as the upcoming challenges posed by macroeconomic conditions and the new Federal Reserve chair.

Article Mentioned

Hedge Fund’s Bet on Liquidity Over Private Credit Is Paying Off (Bloomberg)

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Dan Nathan and Guy Adami welcome Jim Chanos, founder of Chanos and Co, to discuss a wide range of investment and market topics. They delve deep into Chanos' investment strategies, including his focus on short selling and hedging, as well as his views on the AI CapEx and its potential impacts on various industries. Jim also provides insights into specific companies like MicroStrategy and CoreWeave and highlights the implications of excessive reliance on subprime loans in companies like Carvana. The discussion expands to macroeconomic issues, such as the Chinese economy and its trade relationships with the U.S., and the speculative nature of current market conditions. The episode concludes with a look at retail investment behavior and the potential risks in the crypto market.

Articles Referenced

- Credit Market’s Reality Check Follows Decade of Loose Lending (Bloomberg)

- The American and Chinese Economies Are Hurtling Toward a Messy Divorce (WSJ)

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Dan Nathan hosts Rishi Jaluria from RBC Capital on the 'Okay, Computer' podcast, discussing the recent downturn in software stocks amid a contrasting performance in the semiconductor sector. Rishi attributes the decline to the rise of AI and its transformative impact on software companies. The conversation covers the uncertain future of enterprise software, with examples like Salesforce and Oracle experiencing significant drops. They explore how AI adoption could drive margin expansion across various industries, including retail and oil and gas. Finally, the potential of companies like Microsoft and HubSpot to leverage AI for growth is considered, along with the future role of AI leaders OpenAI, Anthropic, and Google in shaping the tech landscape.

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