Podcasts about semiconductors

Derek Champagne talks with Sramana Mitra.Sramana is the founder and CEO of One Million by One Million (1Mby1M), the world's first and only global virtual incubator/accelerator. Its goal is to help a million entrepreneurs globally reach a million dollars in annual revenue, build a trillion dollars in global GDP, and create 10 million jobs.Since its founding in 2010, 1Mby1M has become a powerful platform for democratization of entrepreneurship acceleration.Sramana also developed 1Mby1M's Incubator-in-a-Box methodology for Corporate Incubation that is used by enterprises to manage internal and external innovation endeavors.In 2015, LinkedIn named Sramana one of their Top 10 Influencers alongside Bill Gates and Richard Branson.Sramana has been an entrepreneur and a strategy consultant in Silicon Valley since 1994. Her fields of experience span from hardcore technology disciplines like Artificial Intelligence, Cloud Computing and Semiconductors, to sophisticated consumer marketing industries including e-commerce, fashion and education.As an entrepreneur CEO, Sramana founded three companies: Dais (off-shore software services), Intarka (sales lead generation and qualification software using Artificial Intelligence algorithms; VC: NEA) and Uuma (online personalized store for selling clothes using Expert Systems software; VC: Redwood). Two of these were acquired, while the third received an acquisition offer from Ralph Lauren which the company did not accept.As strategy consultant, Sramana has consulted with over 80 companies, including public companies such as SAP, Cadence Design Systems, Webex, KLA-Tencor, Best Buy, MercadoLibre and Tessera among others. Her work has also included numerous startups and VCs.Sramana has a Masters degree in EECS from MIT and a Bachelors degree in Computer Science and Economics from Smith College.From 2000 to 2004, Sramana chaired the MIT Club of Northern California's entrepreneurship program in Silicon Valley.Learn more at www.1Mby1M.comBusiness Leadership Series Intro and Outro music provided by Just Off Turner: https://music.apple.com/za/album/the-long-walk-back/268386576

S&P futures are indicating a stronger open today following a broadly higher Asia session. Semiconductor stocks drove gains in South Korea and Taiwan. In Greater China, AI pureplays and hardware names extended Thursday's strength. Japan was also higher, riding a positive wave post-BOJ rate decision. European markets are pulling back slightly after midweek rallies.Companies Mentioned: Exxonmobil

Indian benchmarks delivered resilient trade today, rising 0.23% to 23,271 despite the US Federal Reserve executing its first rate hike in over three years. While the Fed's dot plot projected another 25 bps hike by year-end, domestic structural tailwinds took center stage as CDIL's Mohali ATMP and Suchi Semicon's Gujarat OSAT facilities commenced commercial production. Join tonight's wrap-up for an institutional breakdown of upcoming market levels.

Indian benchmarks delivered resilient trade today, rising 0.23% to 23,271 despite the US Federal Reserve executing its first rate hike in over three years. While the Fed's dot plot projected another 25 bps hike by year-end, domestic structural tailwinds took center stage as CDIL's Mohali ATMP and Suchi Semicon's Gujarat OSAT facilities commenced commercial production. Join tonight's wrap-up for an institutional breakdown of upcoming market levels.

Indian benchmarks delivered resilient trade today, rising 0.23% to 23,271 despite the US Federal Reserve executing its first rate hike in over three years. While the Fed's dot plot projected another 25 bps hike by year-end, domestic structural tailwinds took center stage as CDIL's Mohali ATMP and Suchi Semicon's Gujarat OSAT facilities commenced commercial production. Join tonight's wrap-up for an institutional breakdown of upcoming market levels.

Almost 2% of U.S. GDP will be spent on AI infrastructure this year, nearly double 2025's figure. But beneath those headline numbers, the composition of that spending has quietly flipped: for the first time, dollars spent on running models in production now outweigh dollars spent training them. In this episode of TechSurge, host David Goldman speaks with Austin Lyons, a semiconductor analyst at Creative Strategies, co-host of the Semi Doped podcast, and author of the Chipstrat newsletter. Lyons previously worked as a hardware engineer at Intel and as a product manager on John Deere's autonomous tractor and Blue River Technology teams before turning to full-time chip industry analysis. The conversation opens with why AI buyers have moved from assembling commoditized parts to buying entire pre-integrated systems, tracing how Nvidia's rack-scale approach, exemplified by its 72-GPU Grace Blackwell racks, made turnkey deployment the default, and why that raises the bar for any chip startup trying to compete. Lyons and Goldman then unpack how inference workloads have split into two distinct problems, prefill and decode, and how that split created an opening for SRAM-based challengers to outperform general-purpose GPUs on decode speed. From there, the discussion turns to the rise of neoclouds, the GPU-rental companies that grew into public businesses worth well over $100 billion combined, and why so many traditional investors missed them. Lyons and Goldman work through the circular financing debate head-on: the mechanics of Nvidia's equity stakes, GPU-backed debt, and hyperscaler off-take agreements that critics compare to dot-com-era vendor financing, and the counterargument that demand is simply outrunning fixed supply. The episode closes on Lyons's own framework for identifying the next trillion-dollar chip company, built on four conditions including the ability to run trillion-parameter models at rack scale, beat an incumbent on a key performance metric, and land a frontier anchor customer, along with a look at how AI-assisted chip design is lowering the barrier for more companies, from OpenAI to electric vehicle makers, to design their own custom silicon. Sign up for our newsletter at techsurgepodcast.com for updates on upcoming TechSurge Live Summits and future episodes. Speaker Profiles and Links David Goldman: Partner, Celesta Capital Austin Lyons: Senior Analyst, Creative Strategies; Founder, Chipstrat; Co-host, Semi DopedLinkedIn: https://www.linkedin.com/in/austinlyons/Newsletter: https://www.chipstrat.com Further Reading and Resources Nvidia DGX GB Rack Scale Systems documentation: https://docs.nvidia.com/dgx/dgxgb200-user-guide/OpenAI and Broadcom – "OpenAI and Broadcom Unveil LLM-Optimized Inference Chip": https://openai.com/index/openai-broadcom-jalapeno-inference-chip/Chipstrat – Austin Lyons's newsletter: https://www.chipstrat.comSemi-doped: https://semidoped.com/ Timestamps 00:00 — No One's Brought a Chip to Market Built for LLMs01:21 — Introducing Austin Lyons02:16 — Why AI Buyers Now Buy Whole Systems, Not Parts08:18 — Nvidia's Margins and the Case for System Simplicity10:10 — Can a Startup Compete When You Have to Sell Systems?14:12 — Prefill vs. Decode: Splitting the Inference Workload24:51 — Fragmentation vs. Consolidation in AI Silicon28:22 — Why Investors Missed the First Wave of Neoclouds38:18 — The Circular Financing Debate48:29 — Lyons's Four Conditions for the Next Trillion-Dollar Chip Company  About TechSurge:TechSurge Podcast shares the latest insights directly from legendary Silicon Valley leaders,daring new founders, and visionary technologists.Subscribe for weekly conversations into the intersection of technology advancement, market dynamics, and founder journeys.#AISilicon #LLMHardware #Nvidia #AIInference #TechPodcasts #AIInfrastructure

Our CIO and Chief U.S. Equity Strategist Mike Wilson breaks down how the market is transitioning to a mid-cycle environment, with leadership shifting toward higher-quality, asset-light companies with durable earnings.Read more insights from Morgan Stanley.----- Transcript -----Mike Wilson: Welcome to Thoughts on the Market. I'm Mike Wilson, Morgan Stanley's CIO and Chief U.S. Equity Strategist. Today on the podcast I'll be discussing why inflation should not be a concern for equity investors.It's Tuesday, September 15th at 9 am in New York. So, let's get after it.The markets have spent the past few months doing far more work than what most casual observers might think. Since early June, the S&P 500 has chopped sideways, but underneath the surface leadership has changed materially. The early-cycle, capital-intensive winners are giving way to higher-quality companies with stronger free cash flow, better margins with more asset-light businesses. Software, Financial Services, Insurance, and Healthcare Services are beginning to show the earnings revision strength that Semiconductors and other cyclicals enjoyed earlier this year. To me, that is the market confirming an economy moving from early to mid-cycle.While many investors are debating yesterday's news, the market is already moving to new leadership. A good example of this is the inflation data that was released last week. The results were a bit higher than expected and elicited quite a reaction from the media and Fed watchers. However, the probability of a September interest rate hike has been rising for months and was close to 70% before the data were released. Now it's 95%. Equities have de-rated alongside that repricing in the bond market. In short, the inflation data may have been news to some, but it wasn't to Mr. Market.While some may view this as the Fed being behind the curve, the bond market has been expecting it for months and essentially doing the tightening for the Fed. Equity markets are well aware of this dynamic which is why valuations have fallen and the index has gone nowhere for the past few months. This is also classic mid cycle transition behavior—strong earnings growth is offset by falling valuations as the Fed starts to focus on its inflation mandate. In other words, the first hike does not mean “risk off.” However, it does reinforce the quality rotation and overall narrative we have been highlighting since June. And earnings are the reason. To remind regular listeners, the median Russell 3000 company is growing earnings in the mid-teens, the fastest since 2021; and revisions remain strong. That is the mid-cycle playbook to a T—earnings are doing the heavy lifting and the market is becoming more selective, not necessarily less constructive. More specifically, the market is demanding better cash conversion, stronger margins, and more durable growth.This is why the momentum unwind earlier this summer has been misunderstood. Some investors see it as nothing more than leverage coming out of crowded positions, but that really misses the bigger message. Semiconductors are a classic early cycle sector and it reached an extreme in earnings revisions breadth back in June. That was the fundamental trigger for the unwind, and the leverage just magnified it. The price momentum factor can recover, but the stocks and sectors that lead may look very different. That is usually how a healthy market adjusts: the baton gets passed before everyone realizes the race has changed.With regard to interest rates, I also think the mainstream explanation is incomplete. Many investors assume higher yields are simply a referendum on debt and deficits. I see stronger nominal growth as the more important driver. Nominal GDP is running close to 7% on a five-year average basis and has reaccelerated on capex incentives, compute demand, and higher velocity real economy. Equities are an inflation hedge when inflation reflects stronger revenue and earnings growth. Deflation—not inflation—is the real kryptonite for stocks.This does not mean we are completely out of the woods on the mid cycle transition that began in June. If oil continues to rise sharply from here, it will likely push interest rates higher and put pressure on growth, an unhealthy combination for stocks. This would likely lead to a 5-10% drawdown in the S&P 500 before the bull market can resume in earnest. The other risk is the midterm elections which historically have been a headwind for equities in the September and October time frame. Bottom line, the inflation data is old news. The rotation is not. We are transitioning to a mid-cycle market where earnings durability, free cash flow, operational efficiency, and quality matter more. Investors waiting for complete clarity from the Fed may miss the message already coming from the market: leadership has moved to higher quality, asset light companies. Don't fight it; embrace it. Thanks for tuning in; I hope you found it informative and useful. Let us know what you think by leaving us a review. And if you find Thoughts on the Market worthwhile, tell a friend or colleague to try it out.

We break down the takeaways from Oracle's (ORCL) Q1 fiscal 2027 earnings call — what to expect through 2026 and into 2027–2028 as hyperscaler CapEx stays high but is set to slow in growth by 2027, and more in 2028.Oracle posted $19.3B in revenue (sequentially flat) with seasonality fading, while balance sheet concerns persist: $125B in debt against $37B in cash. Management cut debt for a second straight quarter and completed a $20B at-the-market equity program. But CapEx surged to $28.5B — though operating cash flow rose to $23.1B, and management said new data center capacity is getting booked quickly and generating positive cash flow.Nick closes by connecting ongoing AI infrastructure spending to broader semiconductor stock volatility — and why our positive market outlook through the end of 2026 stays unchanged.TIMESTAMPS0:00 - Oracle Earnings Setup0:51 - Revenue Growth Snapshot1:35 - Balance Sheet and Debt2:49 - CapEx Surge Explained4:01 - Free Cash Flow Outlook5:06 - CapEx Ratios Peak5:50 - Cloud Growth Drivers8:40 - Portfolio View on Oracle9:32 - Market Theme and CapEx12:04 - Wrap Up and Next Steps—Get 15% off any paid fiscal.ai plan: https://fiscal.ai/csiIf you want the reasoning behind more names like this one, Semiconductor Insider covers the process in more depth. Get access to all our research, weekly live Q&A events, and a growing set of tools to build your process: https://www.chipstockinvestor.comAll our socials: https://linktr.ee/chipstockinvestorIf you're getting value from the show, follow so you don't miss the next one.—Disclosure: Some links above are affiliate links. If you buy something through them, we might earn a little coffee money — thanks for helping us (Kasey) fuel our caffeine addiction.Content in this episode is for general information or entertainment only and is not specific or individual investment advice. Forecasts and information presented may not develop as predicted, and there is no guarantee any strategies presented will be successful. All investing involves risk, and you could lose some or all of your principal. CSI owns shares of Oracle.

Supply chains used to be built primarily around cost and efficiency. Abe Eshkenazi says that era is over. Today's leaders have to balance AI, resilience, geopolitical risk, talent, cybersecurity, and a level of disruption that makes predicting what comes next nearly impossible. In this episode of Supply Chain Now, Scott Luton speaks with Abe Eshkenazi, CEO at the Association for Supply Chain Management (ASCM), about how the supply chain profession is changing. From what organizations need to get right before scaling AI, to the reshaping of globalization, the growing importance of optionality, and the evolution of the chief supply chain officer into an enterprise strategist, Abe breaks down the forces redefining supply chain leadership. Abe explains why AI success depends less on the technology itself and more on data, talent, governance, and strong processes; why globalization is not disappearing but being redrawn around resilience and regionalization; and why supply chain leaders can no longer focus solely on operations. He also shares how ASCM is preparing professionals for jobs that do not yet exist, what leaders can expect from CHAINge 2026, and why his book, “The Chain: Links That Bind Us”, starts the supply chain story with the consumer rather than the factory. Jump into the conversation:(00:00) Introduction(02:19) Meet Abe Eshkenazi, CEO of ASCM(06:09) AI adoption challenges: data, talent, and governance(11:35) Data ownership, the Google–Spirit Airlines deal, and cyber risk(14:18) The talent gap and career progression in the AI era(17:47) Globalization redrawn: tariffs, resilience, and a multipolar world(23:15) Semiconductors, TSMC, and the infrastructure talent gap(27:28) How the CSCO role has evolved into an enterprise strategist(32:06) What excites Abe most about ASCM in 2026(39:10) Abe's new book: "The Chain: Links That Bind Us" Additional Links & Resources:Connect with Abe Eshkenazi: https://www.linkedin.com/in/aeshkenazi/ Learn more about Association for Supply Chain Management (ASCM): https://www.ascm.org/ Learn more about Abe's book “The Chain: Links That Binds Us”: https://a.co/d/0a9PzJfV Learn more about our hosts: https://supplychainnow.com/about Learn more about Supply Chain Now: https://supplychainnow.com Watch and listen to more Supply Chain Now episodes here: https://supplychainnow.com/program/supply-chain-now Subscribe to Supply Chain Now on your favorite platform: https://supplychainnow.com/join Work with us! Download Supply Chain Now's NEW Media Kit: https://supplychainnow.com/media-kit/ Learn more about Blue Yonder Cognitive Solutions: http://blueyonder.com/cognitiveWEBINAR- Labor Is a Margin Decision: How Reyes Coca-Cola Bottling Spent a Decade Making It Stick: https://bit.ly/4d4FauGWEBINAR- Operational AI in the Supply Chain: How context empowers agents and humans to operate side by side: https://bit.ly/4x7Vd2ZWEBINAR- You Can't Manage What You Can't See: Using Visibility, KPIs, and AI to Optimize Logistics Operations: https://bit.ly/4ql6iem This episode was hosted by Scott Luton and produced by Trisha Cordes, Joshua Miranda, and Amanda Luton. For additional information, please visit our dedicated show page at: https://supplychainnow.com/new-rules-global-supply-chain-strategy-1633 The content in this episode, including all audio, videos, visuals, and graphics, is the property of Supply Chain Now and is protected by copyright law. Unauthorized use, reproduction, distribution, modification, or re-uploading of this content in any form is strictly prohibited without explicit written permission from Supply Chain Now.For licensing inquiries or permissions, please contact us at production@supplychainnow.com© 2026 Supply Chain Now. All rights reserved. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

he dominance of artificial intelligence is swelling globally. Its massive growth is weighing heavily on stock markets, pressuring bond markets, and even growing to outsized proportions in emerging markets. These developments are increasing concentration risks in everyday investors' portfolios. What should you look for, and how do you guard against the AI surge? Tom Lauricella is Morningstar's chief global markets editor and the editor of the Smart Investor newsletter. Sign up for the Smart Investor newsletter from Morningstar. Markets Brief: Your Portfolio Is More Concentrated Than You Think On this episode: 00:00:00 Welcome 00:01:18 Any signs of the AI stock rally slowing down? 00:02:01 Semiconductor stocks vs. other industries 00:03:11 Concentration risk in emerging-market funds 00:06:33 How AI is blurring lines between growth and value 00:10:34 Big Tech's AI debt binge and the outlook for bond yields 00:14:23 What to know about the Anthropic and OpenAI IPOs Watch more from Morningstar: 401(k) Millionaires: Here's How to Avoid Going Broke in Retirement New ETFs Are Launching Fast. Proceed With Caution Why Playing It Safe in Retirement Can Backfire Follow Morningstar on social: Facebook: https://www.facebook.com/MorningstarInc/ X: https://x.com/MorningstarInc Instagram: https://www.instagram.com/morningstarinc/ LinkedIn: https://www.linkedin.com/company/morningstar/ Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Send us Fan MailIn this episode of the WTR Small Cap Spotlight, Ambiq Founder and CTO Scott Hanson joins WTR's James Kisner and Tim Gerdeman to discuss how the company's ultra-low-power semiconductors are enabling on-device AI across personal, medical, industrial, and smart-home markets. Hanson traces the origins of Ambiq's proprietary Subthreshold Power Optimized Technology (SPOT), spun out of the University of Michigan in 2010, and explains how it delivers a two- to fivefold reduction in power consumption versus conventional designs, unlocking edge AI use cases where latency, privacy, cost, energy, and availability all matter. The conversation covers the product roadmap, including the Apollo340 mass-market processor and the in-development Atomiq family, Ambiq's first system-on-chip built from the ground up for AI with an integrated NPU, plus the HELIA software stack that helps customers deploy AI faster. Hanson also outlines the longer-term opportunity to license SPOT into automotive, data center, and robotics, and building on five consecutive quarters of growth with a sixth guided, highlights near-term milestones including first customer samples, a production ramp targeted for late 2027, and more meaningful revenue in 2028. For additional content, visit www.watertowerresearch.com. 

Convexitas's Zed Francis analyzes the unusual divergence between historically low index volatility and elevated single-stock volatility, particularly in the semiconductor sector. He warns of a "coiled spring" effect in index volatility and cautions that private credit markets could be the trigger for the next volatility shock.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

P.M. Edition for Sept. 3. WSJ reporter Robbie Whelan discusses how with its latest deal for AI platform Hugging Face, chip giant Nvidia is promoting open-weight AI models that compete with OpenAI and Anthropic. Plus, we're still two years away from the next presidential election, but some Republican hopefuls are already testing the waters. We hear from Journal White House correspondent Natalie Andrews about who may have President Trump's backing and how Senator Ted Cruz is going over with voters in Iowa. And feminist icon Gloria Steinem dies at age 92. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

On this episode of Chit Chat Stocks, we look at 10 stocks whose prices have risen by more than 100% so far this year. We discuss: (00:00) Introduction (05:05) Virtu Financial: Market making and high-frequency trading (12:46) Stock 2: Modular housing for remote projects (19:48) Stock 3: Genomics tools and AI applications (25:46) Stock 4: Unified communications and market dynamics (33:59) Stock 5: Semiconductor industry and AI prospects (40:01) Stock 6: Workforce solutions and cyclical challenges (49:14) Stock 7: Luxury cruises in remote locations (54:01) Stock 9: Semiconductor testing for AI hardware (59:10) Stock 10: Cloud services for developers and AI growth ***************************************************** Subscribe to our newsletter, Emerging Moats: emergingmoats.com  ********************************************************************* Chit Chat Stocks is presented by Interactive Brokers. Get professional pricing, global access, and premier technology with the best brokerage for investors today:  https://www.interactivebrokers.com/  Interactive Brokers is a member of SIPC.  ********************************************************************* Fiscal.ai is building the future of financial data. With custom charts, AI-generated research reports, and endless analytical tools, you can get up to speed on any stock around the globe. All for a reasonable price.  Use our LINK and get 15% off any premium plan: ⁠https://fiscal.ai/chitchat  ********************************************************************* Disclosure: Chit Chat Stocks hosts and guests are not financial advisors, and nothing they say on this show is formal advice or a recommendation. Learn more about your ad choices. Visit megaphone.fm/adchoices

  AZ TRT 2.0 - AZ Tech Ecosystem: Making the World Better Thru Technology w/ Eric Miller of PADT, Inc. AZ TRT S07 EP13 (295) 8-23-2026   What We Learned This Week ·         A great product doesn't build a great company by itself. Founders eventually have to build the organization around the product—sales, marketing, finance, HR and people. The founder's job changes as the company scales. ·         The 80/20 rule applies to company building. Figure out what you are uniquely good at, keep strategic functions close, and bring in employees, fractional executives or outside specialists to fill the gaps. ·         You don't get the value of a technology community by joining—it comes from showing up. Eric's experience with the Arizona Technology Council, Venture madness & Arizona Commerce Authority demonstrates that relationships, customers, suppliers and friendships develop through repeated participation. ·         Arizona's technology economy is much bigger than semiconductors. Aerospace, photonics, medical devices, university research, startups and advanced manufacturing are all part of the ecosystem. Universities are particularly important because they help turn research into commercial companies. ·         Today's technology was somebody's science fiction yesterday. Eric's Star Trek story is a great reminder that technologies that once seemed impossible—3D printing, advanced lasers, handheld communications and artificial hearts—can eventually become real-world tools that change people's lives.   Guest: Eric Miller, Principal & Co-Founder PADT, Inc. LinkedIn: https://www.linkedin.com/in/emillerphx/ https://www.padtinc.com/   Arizona Tech Council – Board Member, premiere org in tech community of AZ https://www.aztechcouncil.org/ Arizona Commerce Authority – Entrepreneur in Residence, building economy of AZ https://www.azcommerce.com/   Venture Café – Advisor for startups https://venturecafephoenix.org/ Venture Madness – Board Member for tech pitch competition https://venturemadness.com/       Bio: Business Owner - Engineer - Writer - ANSYS Fan Boy - 3D Printer - Speaker - Podcaster - Angel Investor At PADT "We Make Innovation Work" by helping companies that make physical products by providing them the engineering services and tools they need. Every day I get to work with smart employees, interesting customers, and fantastic vendors. Those are the basic facts, read on to learn more or follow my regular musings in the Phoenix Business Journal The official bio: Eric Miller is a co-owner of Tempe based PADT, Inc., where he is involved in providing tools and services to companies who design and manufacture physical products. He holds a B.S. in Mechanical Engineering from the University of California, Berkeley and has lived in Arizona since 1986. He started his career focusing on the application of Finite Element Analysis (FEA) and Computer Aided Design (CAD) to simulate turbine engine components. Over the years he became recognized as an expert user of the ANSYS software tool and in the development of custom software to automate the product simulation and design process. As a co-founder of PADT in 1994, Eric was able to also pursue his interests in IT, graphic design, additive manufacturing, database programming, and small business management. As both PADT and the use of advanced engineering tools grew, Eric became exposed to dozens of different industries and developed his broad understanding of the application of technology for product development and manufacturing. After over three decades in the industry, Eric is often called upon to write and speak on simulation, design, and 3D Printing as well as on startups and the high-tech sector. His involvement in the startup community includes angel investing as well as mentoring and serving on steering, screening, and advisory boards of a variety of technical organizations and institutions. His current and past "other" jobs are listed under Experience below. In his spare time, Eric enjoys traveling, history, cooking, running (slowly), and learning about new things.   PADT Inc. A New Company (1994) PADT's founders felt that the tools and skills they used as aerospace engineers to design, analyze, and prototype turbomachinery had applications in other industries. In the summer of 1994, they left their corporate jobs to form Phoenix Analysis and Design Technologies, Inc., better known as PADT. The first office was a one-person executive suite in Tempe, Arizona, crammed with four people and three computers. From this tiny room, they started calling potential customers. Slowly but surely, work began to come in, and the company was off and running. With the purchase of a 3D Systems SLA250 3D printer at the end of 1994, PADT became the first independent Rapid Prototyping service provider in Arizona. 30 Years and Beyond Doing anything for 30 years is an achievement worth noting. When we approached our 30th anniversary, we were dealing with something we never thought of in 1994, employees were retiring from PADT.  Or 30th year started well with continued growth around simulation. As our long-term partner, Ansys, continues to grow and evolve, so does  PADT.  The same is true for Flownex, with its adoption across the US, backed by PADT's sales and support team. The team has also met the challenge of changes in the Additive Manufacturing space, upping our offerings around the medical and aerospace industries. Our 4th decade also so the launch of several products designed with customers by our Product Development team.  Since 1994, PADT has grown to become the most respected technology company in the region. By sticking to its core principles and growing its skill and technology base. The company has positioned itself to continue this by providing the best solutions to new and current customers. Nerdtoberfest - PADT's annual open house. 2026 Event – Wed. Oct. 28 from 4 - 8pm ASU Research Park / Tempe PADT open house Technology demonstrations Community networking Partnership with the Arizona Technology Council Previous event attracted approximately 700 registrants Technology ecosystems are built by people getting together—not just companies operating independently.   Notes: AZ Tech Roundtable — Eric Miller, PADT, Inc. Interview: August 2026 Guest / Company Overview Eric Miller & PADT Eric Miller is a principal and co-owner of PADT, Inc. Eric came from an aerospace engineering background and, with two partners, started PADT in 1994. PADT originally stood for Phoenix Analysis and Design Technologies. The company was founded by engineers to serve mechanical engineers. PADT is broader than simply being a 3D-printing company. Its work includes engineering products, services, 3D printing, advanced manufacturing and technologies such as lasers. Eric's involvement in Arizona technology extends well beyond PADT: Arizona Technology Council board member Venture Cafe mentor Venture Madness board involvement Entrepreneur in Residence at the Arizona Commerce Authority Eric is also heavily involved in mentoring companies and giving back to the Arizona technology community. Segment 1 — What Founders Learn About Building a Company It's Not Just About Having a Great Product One of the biggest lessons Eric learned from starting a company is that a good idea and a good product aren't enough. You also have to build the organization around the product: Sales Marketing Finance/accounting HR Operations People The founder has to eventually stop thinking only like the person who created the product and start thinking like the person building the company. The 80/20 Rule for Founders Eric's advice is to identify the areas where you're strongest and weakest and then determine where your time is best spent. The founder doesn't have to personally do everything. Instead: Know what you need to control and know what you can delegate. That can mean hiring employees, outsourcing functions or bringing in fractional executives/advisors. What Should Stay In-House? Eric's basic rule: If something is strategic or integral to the business, you generally want to keep it in-house. For PADT, accounting is an example. Eric chose to keep accounting internally because the company's accounting requirements are very specific to the business. For another technology company, however, outsourcing finance and accounting might make perfect sense. Fractional Talent Eric highlighted the growth of fractional roles. A company can bring in an experienced person part-time to help with a critical function without taking on the cost of a full-time executive. This can give a growing company access to: Expertise Decision-making Strategic guidance Experience without requiring a full-time salary. Hire HR Earlier Than You Think Eric believes companies should bring in HR expertise relatively early. Even if HR is initially outsourced, somebody needs to be paying attention to: Hiring Onboarding Benefits Employee issues Culture People management People are your company's most important asset. Eric's own company uses Employers Council for HR support. Strategic Functions vs. Specialized Functions An interesting distinction from the conversation: Keep strategic knowledge and decision-making close to the company. Outsource specialized expertise when it makes sense. For example, PADT outsources patent work to patent attorneys who often have engineering backgrounds themselves. That gives both sides a common technical language. Segment 2 — Arizona's Technology Ecosystem PADT's History of Spinning Out Companies PADT itself has contributed to the entrepreneurial ecosystem. Examples discussed: Salad and Go - Founded by a former PADT employee. Luminosity - An engineering/technology consulting company associated with ASU and founded by former PADT employee Tyler Smith. The larger lesson: Companies don't just create products. They can create people who go on to create other companies. PADT has therefore become part of the ecosystem's entrepreneurial "gene pool." Why Arizona's Tech Community Can Be Confusing The conversation broke down several organizations that play different roles in Arizona's technology ecosystem. Arizona Technology Council Eric described the Arizona Technology Council as one of the most important organizations in the state's technology ecosystem. Approximately 700 member companies Members span: Technology IT Manufacturing Aerospace Medical devices Eric serves on the board. The organization advocates at the state legislature. It works to promote business growth. It also provides business services, including programs involving areas such as 401(k)s and healthcare. Perhaps most importantly, it creates a community for companies and people to meet each other. The Real Value Is Showing Up One of Eric's strongest points: Joining an organization isn't enough. You have to actually attend the events. Eric has developed: Friendships Business relationships Customers Suppliers Partnerships -       through the Technology Council. He originally joined looking for suppliers and customers but discovered that the broader relationships became just as valuable. The lesson: You don't get the value of a business community by becoming a member. You get it by participating. Unexpected Business Relationships Eric gave the example of developing a partnership with Tom Sullivan of Air2O through his involvement with the Council. The broader point is that networking often produces opportunities you weren't specifically looking for. Technology Council Events Examples discussed: Manufacturing showcase with GCU Cybersecurity events Annual awards event in November Other technology/community networking events The manufacturing event is particularly interesting because Arizona has relatively few traditional manufacturing trade shows despite the state's rapidly expanding manufacturing base. Segment 3 — Venture Cafe, Venture Madness & the Startup Ecosystem Venture Cafe Venture Cafe provides an informal entry point into Arizona's startup and technology community. Thursday evenings Approximately 5–7 PM Phoenix Bioscience Core Rotating programming Topics can include: AI Food technology Aerospace Other emerging technologies Entrepreneurship The key idea: you don't need to already be deeply embedded in the startup ecosystem to show up and meet people. Eric also serves as a mentor. Other Startup Community Organizations The discussion also referenced Freeway, associated with Danielle Santangelo, as another part of the startup ecosystem. Venture Madness Venture Madness was described as Arizona's premier startup pitch event. Designed to connect startups with investors Similar in concept to Shark Tank Has been operating for more than 20 years Originally called Invest Southwest Has evolved/pivoted over time to remain relevant to investors and founders Eric serves on the board The core purpose: Connect capital with companies that are looking for funding. Arizona Commerce Authority Public-Private Economic Development The Arizona Commerce Authority plays a different role from the Technology Council and startup organizations. Eric described it as a public-private partnership focused on economic development. Its mission includes: Recruiting companies to Arizona Helping companies expand in Arizona Growing the state's economy Supporting founders and funders Eric serves as an Entrepreneur in Residence. One major example discussed was the tremendous manufacturing growth in the West Valley, including the arrival and expansion of TSMC. Arizona Tech Week The conversation highlighted the first Arizona Tech Week in spring 2026. It generated more than 400 events, demonstrating the appetite for technology-related engagement across the state. Arizona's Manufacturing Boom Aerospace + Semiconductors = Economic Engines One of the strongest themes in the interview was the transformation of Arizona's economy through technology-driven manufacturing. Eric identified two especially important sectors: Semiconductors Arizona's semiconductor story has deep roots. The discussion referenced: Motorola Freescale ON Semiconductor Intel Amkor TSMC The state's semiconductor ecosystem now extends across manufacturing, packaging and supporting technologies. TSMC The enormous TSMC investment in the West Valley represents one of the most significant developments in Arizona manufacturing. Aerospace Arizona also has a major aerospace ecosystem involving companies such as: Northrop Grumman Honeywell Aerospace Viasat Iridium Orbital Sciences The state also has missile and aerospace-related activity in Tucson. Eric's broader point was that aerospace and semiconductors are becoming major economic engines for Arizona. Segment 4 — Universities as Technology Economic Engines A major insight from the interview: The strongest technology ecosystems tend to be built around universities. Eric compared Arizona with other major technology centers: Silicon Valley Boston Austin The common thread is the presence of major universities and research institutions. Arizona's Three Major Research Universities University of Arizona Tucson Strong in optics/photonics Medical research Technology commercialization Eric's memorable description of Tucson's optics/photonics ecosystem: "It's all light." This can encompass: Cameras Lenses Satellite imaging Photonics Advanced optical technologies Arizona State University Phoenix/Tempe Major research and technology commercialization engine SkySong serves as an important technology/community hub Northern Arizona University Flagstaff Third major research university contributing to Arizona's technology ecosystem Turning University Research Into Companies The universities don't just conduct research. They can help commercialize research and turn it into businesses. Examples discussed: Tech Launch Arizona Associated with the University of Arizona and focused on moving university technology toward commercialization. SkySong ASU's technology/business ecosystem in Scottsdale. These types of organizations help turn: Research → Technology → Commercial Product → Company Areas mentioned include: Medical devices Cryptography Photonics Advanced technologies Eric noted that this university-to-company pipeline is one of the characteristics shared by successful technology ecosystems around the country. Technology as a Force for Economic Growth One of the broader ideas running through the interview: Technology can be an economic engine for an entire region. Arizona's combination of: Universities Research Manufacturing Aerospace Semiconductors Medical devices Startup capital Entrepreneurial communities creates an ecosystem rather than isolated technology companies. Examples discussed include: GE Ultrasound in Tempe Medical technology in Tucson Artificial-heart technology developed by a Tucson company Semiconductor manufacturing Aerospace and space technologies Photonics Eric also referenced the Arizona company involved in retrieving a sample from an asteroid as another example of the extraordinary technology being developed in the state. The Human Side of Technology Star Trek as Inspiration One of the best personal stories from the interview came at the end. Eric's original inspiration for technology came from Star Trek. As a kid, he saw technology portrayed as something that could make the world better. Today, he gets to work with technologies that once seemed like science fiction: 3D printing Advanced lasers Handheld communication Advanced imaging Other emerging technologies The larger idea: The future we imagined as kids eventually becomes the technology we build as adults. Eric's work at PADT allows him to experience some of that firsthand. Bonus Conversation — Star Trek & Branding There was also an interesting side discussion about Star Trek's visual branding. The uniforms used color coding to communicate roles: Yellow — command Red — engineering Blue — science Matt connected this to branding and organizational communication. The lesson: Good branding reduces confusion. When people can immediately understand what something represents, the organization becomes easier to navigate. This applies not just to logos and colors but to: Roles Products Services Organizational structures Messaging       Tech Topic: https://brt-show.libsyn.com/category/Tech-Startup-VC-Cybersecurity-Energy-Science  Best of Tech: https://brt-show.libsyn.com/size/5/?search=best+of+tech   'Best Of' Topic: https://brt-show.libsyn.com/category/Best+of+BRT      Thanks for Listening. Please Subscribe to the AZ TRT Podcast.     AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business.  AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving.  Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more…    AZ TRT Podcast Home Page: http://aztrtshow.com/ 'Best Of' AZ TRT Podcast: Click Here Podcast on Google: Click Here Podcast on Spotify: Click Here                    More Info: https://www.economicknight.com/azpodcast/ KFNX Info: https://1100kfnx.com/weekend-featured-shows/  

Plus: Fast-fashion retailer Shein makes its long-awaited Hong Kong debut. And Apple rises as Tim Cook hands over the reins. Imani Moise hosts. Sign up for WSJ's free What's News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Plus: Nvidia invests $3.5 billion in Taiwanese chipmaker MediaTek . And Strategy buys bitcoin for the first time since June. Imani Moise hosts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

August is officially in the books! And after another month of AI enthusiasm, strong corporate earnings, stubborn inflation, rising oil prices, geopolitical uncertainty, Fed drama and some major market breakouts, it's time to step back from the daily noise and see where the money actually went. On today's episode of TraderMerlin, we're pulling up the charts and reviewing the performance of our Top 8 Market Segments for August. Because sometimes the best way to understand what's happening in the financial markets isn't another headline... It's simply looking at which assets are actually going UP—and which ones aren't. We'll compare the performance of the major markets and see where traders and investors were putting their money throughout August. We'll discuss: U.S. Equities – The S&P 500, Nasdaq, Dow and Russell 2000 all finished August higher despite plenty of volatility along the way. Technology – AI remained one of the dominant market themes, with another massive Nvidia earnings report helping reinforce enthusiasm for the AI trade. Small Caps – Are smaller companies finally participating more meaningfully in the bull market? Gold – Precious metals delivered another powerful month as inflation, geopolitical risk and concerns about the dollar drove demand. Bitcoin & Crypto – Bitcoin was one of August's standout performers as digital assets attracted another wave of capital. Energy & Crude Oil – Middle East tensions and disruptions surrounding the Strait of Hormuz kept energy markets firmly in focus. Bonds & Interest Rates – Treasury yields remained a major source of volatility as investors digested inflation data and Kevin Warsh's message from Jackson Hole. The U.S. Dollar – What currency markets are telling us about inflation, monetary policy and global capital flows. But we're not just ranking winners and losers. We're asking the much more important question: What is August's performance telling us about September? The S&P 500 gained roughly 2.5% in August, continuing an earnings-driven bull market. Semiconductor stocks remained strong, with Nvidia gaining nearly 9% for the month, while software stocks continued their impressive recovery. But some of the biggest moves weren't in stocks at all. Bitcoin gained more than 20% during August, while gold also posted a powerful monthly advance as investors increasingly looked toward scarce assets amid concerns about inflation, government debt and monetary policy. Meanwhile, crude oil remains one of the market's biggest wild cards as renewed tensions in the Middle East pushed Brent back above $90 per barrel to close out the month. That's a very interesting combination: Stocks rising. Gold rising. Bitcoin rising. Oil rising. Bond yields remaining elevated. Normally, those assets aren't all telling us the same story. So what exactly is the market pricing in? That's what we'll try to figure out today. And the timing couldn't be better because tomorrow we turn the calendar to September—historically one of the most difficult months of the year for U.S. equities. For additional market research, check out CME Group Markets, Federal Reserve Economic Data, and Nvidia Investor Relations. Listen now:

Ben Bajarin and Jay Goldberg break down NVIDIA's earnings, examining how supply constraints shape growth and rising component costs pressure margins. They discuss NVIDIA's financing commitments to neoclouds and the risks of using its balance sheet to support the ecosystem. Marvell's XPU-attach strategy offers another route into custom silicon, with questions around when its Google opportunity will convert into revenue.From Hot Chips, Ben shares why competing inference architectures suggest the industry is still working out how to serve AI at scale. The conversation explores the software and system-design challenges facing accelerator startups, along with custom HBM base dies and their implications for memory costs and supplier flexibility. Waymo's workload-specific silicon raises another question: how much of inference will converge on a common architecture?

The first things you will notice upon stepping inside a fab clean room are the equipment. Massive, inscrutable, expensive. But the second things you will notice are the little vehicles puttering around on the ceiling above your head. There are hundreds, thousands of them. Stopping, starting, switching tracks, and occasionally dropping and picking up boxes of wafers. These are some of the coolest parts of the fab. In this video, we lift ourselves up to the cute overhead trolleys that run wafers from one end of the fab to the other.

The first things you will notice upon stepping inside a fab clean room are the equipment. Massive, inscrutable, expensive. But the second things you will notice are the little vehicles puttering around on the ceiling above your head. There are hundreds, thousands of them. Stopping, starting, switching tracks, and occasionally dropping and picking up boxes of wafers. These are some of the coolest parts of the fab. In this video, we lift ourselves up to the cute overhead trolleys that run wafers from one end of the fab to the other.

Plus: South Korea will give its entire population free access to homegrown generative AI. And Nvidia is pausing some revenue sharing deals just weeks after announcing them. Danny Lewis hosts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this week's episode, Ian and Kevin discuss the rough look out of the Russell 2000, the poor performance out of Industrials except for Marine Shipping. They also discuss the potential failed breakdown in long-term U.S. Treasuries, Cryptocurrencies, Semiconductors, and market breadth. 

In today's episode, Tyler Herriage recaps a strong day for the markets following blockbuster earnings from Nvidia and other tech giants, discusses the impressive momentum across the semiconductor sector, and examines surprising investor sentiment trends despite major index rallies. He also dives into why rising money supply and ongoing innovation support a bullish outlook. Tune into today's podcast to learn more.

Plus: Oil prices extend their recent decline. And Meta stock rises after reaching an $18 billion settlement over child-safety claims. Imani Moise hosts. Sign up for WSJ's free What's News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Things are getting weird – looks like someone is panicking. The Dumber side of finance – let’s dig in. A big week ahead – major earnings could move markets. – Gold, Bitcoin moving on a lower USD. PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? PayPal.Donation.Button({ env:'production', hosted_button_id:'JJJHP2GDEJC7J', image: { src:'https://www.paypalobjects.com/en_US/i/btn/btn_donateCC_LG.gif', alt:'Donate with PayPal button', title:'PayPal - The safer, easier way to pay online!', } }).render('#donate-button'); Follow John S. Dvorak on X Follow Andrew Horowitz on X Warm-Up - Things are getting weird - looks like someone is panicking - The Dumber side of finance - let's dig in (5 top items) - Cold War and Hot War - Canada, China and Iran - Economic "D" day - no one cares - Saying goodbye to Dolly Parton Markets - Gold, Bitcoin moving on a lower USD - Oil starting to settle - Big Week - NVDA earnings on tap - all eyes! STUPID IS WHAT STUPID DOES - A DHU One-Time Series On The Dumber Side of Finance 1) LOWER BEEF PRICES - Trump plans temporary tariff relief for certain ground-beef imports as U.S. beef prices remain near record highs. - The plan would allow up to 300,000 metric tons of discounted imported ground beef over roughly 90 days. - Supposedly this will reduce the prices for consumers - Ranchers and several farm-state Republicans are pushing back, arguing cheaper imports could hurt domestic producers. ---- Question: Tariff reduction is going to reduce prices for consumers? Didn't someone say that tariffs are paid by the companies and exporting countries??? 2) IRAN SANCTIONS - BIG THREAT, LIMITED IMMEDIATE ACTION - Treasury warned countries doing business with Iran that they could face secondary sanctions, calling it an "economic D-Day." - New sanctions hit about 60 individuals, companies and vessels, but major Chinese financial institutions were not targeted. - China remains the biggest buyer of Iranian oil, making Chinese banks the potential pressure point. - Treasury says sanctions could expand into gold, digital assets, aviation, shipping and other sectors. 3) TREASURY TRIES TO TAME LONG-TERM YIELDS - Treasury will at least double the maximum size of certain long-term bond buybacks to $4 billion per operation. - The announcement briefly knocked nearly 10 basis points off the 30-year Treasury yield. - Critics say this treats the symptom rather than the cause - huge deficits, heavy issuance and persistent inflation risk. ------Bessent had to come out on Friday to say "at least" $4B - as bind yields moved back up -------Maybe there is a concern over the $40TRILLION debt we have amassed as a country? 4) SOMEONE GOT LONG BONDS AT THE RIGHT TIME - TLT took in roughly $529 million of net inflows on August 18, one day before Treasury's surprise bond-buyback announcement. - The next day Bessent doubled planned buybacks of 10- to 30-year Treasurys, immediately pushing long yields lower. - TLT jumped about 1.7% on the announcement. - No public evidence identifies a single buyer - but the timing of the unusually large inflow is certainly worth noting. 5) DOLLAR GETS HIT BY THE BOND RESCUE - The dollar weakened as investors questioned Treasury's expanded bond-buyback strategy. - The concern is that suppressing yields without fixing fiscal problems simply transfers pressure from bonds to the currency. - The 30-year yield has remained elevated despite Treasury intervention. - Bitcoin rallied as investors looked toward alternatives to traditional fiat assets. - PEOPLE: This is NOT Quantitative Easing - Just a move to buy longer dated and issue more short dated WALMART FLASHES A CONSUMER WARNING - Walmart U.S. comparable sales grew just 2.6%, its slowest pace in roughly six years and below expectations. - Shares dropped sharply after the report. - E-commerce remained strong, while store traffic and discretionary spending showed more weakness. - Walmart raised full-year guidance but gave a softer-than-expected third-quarter outlook. - As America's biggest retailer, Walmart's slowdown is an important read on the broader consumer. VENEZUELA HAS OIL - BUT CAN'T SHIP IT FAST ENOUGH - Tankers are waiting as long as 30 days to load Venezuelan crude because of aging ports, outages and equipment failures. - Venezuela has struggled to push exports much higher despite rising production and strong demand. - The Jose terminal handles about 70% of exports and has become a major bottleneck. - Venezuela's ports may impose a physical ceiling on production growth until infrastructure is upgraded. JANE STREET'S $15 BILLION AI HIT - Jane Street reportedly lost about $15 billion in July as AI and technology positions moved sharply against the firm. - A major source of the damage was exposure to concentrated AI trades that were forced to unwind. - Jane Street posted its first negative month of trading revenue since 2016. - As a reminder: this episode highlights how quickly crowded AI trades can overwhelm even sophisticated risk-management systems. LEAVITT LEAVES THE WHITE HOUSE - Karoline Leavitt resigned as White House press secretary after returning from maternity leave. - Trump said she would become a top outside adviser and prominent Republican voice heading into the midterms. - Looking fior a kinder and gentler replacement? HA! probably not OFF THE HIGHS NVDA - 9% off high AMD - 19% off high AVGO - 23% off high MU - 23% off high TSM - 13% off high MRVL - 28% off high INTC - 35% off high NVIDIA - THE MARKET'S NEXT STRESS TEST - Nvidia reports Wednesday - now basically a referendum on the entire AI trade. - Blackwell demand and hyperscaler spending are the key tells. - A strong guide could quickly reset tech sentiment. - A miss would raise the uncomfortable question: how much AI optimism is already priced in? - Revenue expected around $92.1 billion, up roughly 97% year over year. - Adjusted EPS expected around $2.09, nearly double last year. - Data Center revenue expected around $85.7 billion - still the main engine. - Biggest watch items: Blackwell demand, Vera Rubin timing, China sales and hyperscaler capex. - Options imply roughly a 5%-6% move after earnings. - Discussion .... NVIDIA - AI SERVERS GETTING EVEN MORE EXPENSIVE - Major Nvidia customers have reportedly been warned that AI server prices could rise more than 15% beginning early next year. - Higher memory costs are the main driver, affecting Grace Blackwell and upcoming Vera Rubin systems. - Nvidia is effectively passing higher component costs through despite gross margins around 75%. - ALWAYS INTERESTING THESE ANNOUNCEMENTS SO CLOSE TO EARNINGS - HMMMM CANADA-U.S. TRADE FIGHT GETS WORSE - Canada announced retaliatory tariffs on about $20 billion of U.S. goods after Washington imposed new 50% tariffs on Canadian imports. - Canada's tariffs range from 15% to 50% across roughly 700 products and begin September 8. - Canada also announced a C$7.5 billion support package for affected businesses and workers. - Another escalation that could hit autos, manufacturing costs and cross-border supply chains. HOUSING - BUYERS KEEP DISAPPEARING - July new-home sales plunged 10.5% to a 607,000 annual rate, the weakest since January. - Median new-home price fell to $393,800, the lowest in four years. - Mortgage rates are still around 6.8%, keeping affordability under pressure. - Only 5.2% of consumers said they expect to buy a home in the next six months - the sharpest drop in more than five years. JACKSON HOLE - WARSH GETS THE MICROPHONE - Kevin Warsh speaks next week at Jackson Hole. - Markets want to know whether sticky inflation, oil and tariffs are enough to keep the Fed in tightening mode. - Long yields are already doing some of the Fed's work. - One sentence could move bonds, the dollar and stocks. - Friday, August 28 at 10:00 a.m. ET. --- BUT - Didn't Warsh say less communication is more? They can't keep put of the spotlight. PCE - THE FED'S FAVORITE INFLATION READ - "The Fed's preferred gauge/measure of inflation" - July PCE lands next week. - Watch for tariff, energy and goods inflation creeping back into the numbers. - A hot print revives hike fears. - A soft print gives risk assets some breathing room - especially with long yields already elevated. THE CONSUMER VS. THE AI BOOM - MORE EARNINGS COMING - Salesforce, CrowdStrike and Marvell give another read on corporate AI spending. - Dollar General, Dollar Tree, Best Buy and Ulta test the other side of the economy. - The setup is getting interesting: companies are still spending aggressively on AI while consumers look increasingly selective. - If that gap widens, it could become one of the bigger market themes into the fall. AROUND THE WORLD EUROPE - QUIETLY GETTING INTERESTING - European stocks slipped this week, but money has started flowing back into the region. - Euro-zone business activity is growing at its fastest pace this year, while Q2 earnings growth for STOXX 600 companies is running surprisingly strong. - CONCEPT: Europe may be turning into the anti-U.S. trade - less AI concentration, cheaper valuations, but more sensitivity to energy. JAPAN - BETTER DATA, WORSE MARKET - Japan's Nikkei lost about 4% this week even as the economic data improved. - August manufacturing PMI jumped to 55.1, with new orders rising at the fastest pace since 2018. - Semiconductors and AI-related demand are helping drive the factory rebound. - Stronger growth also keeps the BOJ rate-hike discussion alive - good economy, potentially tougher market. BIG PHARMA - CHINA'S WEIGHT-LOSS GOLD RUSH - Lilly, Novo Nordisk and others are aggressively targeting China's obesity market, where obesity rates are projected to top 65% by 2030. - China bans direct prescription-drug advertising, so companies are using subway ads, gyms, influencers and "disease awareness" campaigns instead. - China's GLP-1 market could reach roughly 30 billion yuan over the next 5-7 years. - Interesting regulatory gray area: education campaigns that look a lot like drug advertising without actually naming the drug. Love the Show? Then how about a Donation? PayPal.Donation.Button({ env: 'production', hosted_button_id: 'JJJHP2GDEJC7J', image: { src: 'https://www.paypalobjects.com/en_US/i/btn/btn_donateCC_LG.gif', alt: 'Donate with PayPal button', title: 'PayPal - The safer, easier way to pay online!' } }).render('#donate-button-2'); THE CLOSEST TO THE PIN for SpaceX (SPCX) Winners will be getting great stuff like the new "OFFICIAL" DHUnplugged Shirt!   FED AND CRYPTO LIMERICKS   See this week's stock picks HERE Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter

If there were any doubts about who's wearing the crown in the AI revolution... Nvidia just delivered another monster quarter. In today's episode, we're breaking down the latest earnings from Nvidia—and these aren't numbers that matter only to NVDA shareholders. Nvidia reported $96.2 BILLION in quarterly revenue, up an incredible 106% from a year ago. Even more impressive, its Data Center business generated $89 billion, up 117% year over year. Think about that for a moment. Nvidia isn't just growing. A company of this size just more than DOUBLED its revenue in one year. So the big question for today's show isn't simply whether Nvidia had a good quarter. It's: Can Nvidia—and the AI boom—keep this going? We'll dive into the numbers and look at what Nvidia's results tell us about the entire artificial-intelligence ecosystem. We'll discuss: Nvidia's latest earnings – What jumped out from the report and where the growth is coming from. Data Center dominance – What $89 billion in quarterly Data Center revenue tells us about global AI infrastructure spending. The AI spending boom – Are Microsoft, Meta, Amazon, Alphabet and other hyperscalers still willing to spend enormous amounts of money building AI infrastructure? Semiconductors – What Nvidia's results could mean for AMD, Broadcom, Micron and the rest of the chip sector. Memory – More AI computing means enormous demand for high-performance memory. Does Nvidia's growth strengthen the case for DRAM and HBM? Energy & infrastructure – All those GPUs have to go somewhere—and they require data centers, electricity, cooling, networking and an enormous infrastructure buildout. Valuation – At some point, even incredible growth can become fully priced in. Has Nvidia reached that point? The broader market – Nvidia has become so large and influential that its results can impact the Nasdaq, S&P 500 and overall investor sentiment. That's what makes this earnings report so important. Nvidia is no longer simply a semiconductor company investors watch four times a year. It's become one of the market's primary gauges of the entire AI investment cycle. Going into today's report, options markets were pricing roughly a 5.4% move in Nvidia shares, representing approximately $280 BILLION in potential market-cap movement in either direction. That's larger than the entire market capitalization of most companies! And with concerns growing recently about massive AI spending, stretched technology valuations and whether companies are generating enough return on their AI investments, Nvidia's results provide an important reality check. If AI is a bubble, somebody forgot to tell Nvidia's customers. But that doesn't mean the risks have disappeared. We'll separate the incredible fundamentals from the stock's valuation and ask the question traders actually care about: Great company... but is it still a great trade? For additional research, check out Nvidia Investor Relations and Nvidia Financial Reports. Listen now:

S&P futures are flat following a broadly higher Asia session. Semiconductor and AI stocks were gaining momentum ahead of NVIDIA's earnings. South Korea, Taiwan, Japan, Mainland China, and Hong Kong all closed in the green today. Australia and Singapore saw minor losses. European markets opened mixed this morning.Companies Mentioned: Meta, Alibaba, Par Pacific

Artificial intelligence is accelerating semiconductor development, but more compute, more automation, and more engineering data do not automatically create better decisions. As design and manufacturing workflows become increasingly AI-enabled, a new constraint is emerging: trust. In this episode, Dr. Jim Shiely builds on themes from his Patterning the Singularity leadership work to explore the semiconductor industry's “trust bottleneck” and why trustworthy engineering intelligence is becoming essential to future innovation.

S&P futures are pointing to a slightly higher open. Japan, South Korea, and Taiwan all saw solid gains led by tech recoveries, while Australia's ASX outperformed on the back of strong corporate updates. Semiconductor stocks remained under pressure, driven by Monday's selloff in the SOX index. China recovered slightly despite uncertainty arising from reports of tariff increase on Chinese import goods. European markets are reacting to upgraded GDP figures out of Germany while shrugging off ongoing global trade disputes and AI sector volatility. Companies Mentioned: Meta, Warner Bros. Discovery

Alex King from Growth Investor Pro discusses the real difference in sentiment and attitude (0:35) Bitcoin and Ether (4:40) Rising gold - forget about the why (10:10) Warsh in Jackson Hole = volatility (13:40) Semis and software (16:25) Cybersecurity and agentic AI (20:40) Tech earnings season (33:50)Show Notes:Ice Cold, Zen-Like Investing With Alex KingEpisode transcriptsFor full access to analyst ratings, stock quant scores and dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions

Bonds may no longer provide the shelter investors have expected. Our CIO and Chief U.S. Equity Strategist Mike Wilson talks about the changing relationship between inflation, yields and risk.Read more insights from Morgan Stanley.----- Transcript -----Bonds may no longer provide the shelter investors have exMike Wilson: Welcome to Thoughts on the Market. I'm Mike Wilson, Morgan Stanley's CIO and Chief U.S. Equity Strategist. Today on the podcast I'll be discussing the shifting landscape in macro markets.It's Monday, August 24th at 11:30am in New York. So, let's get after it.Over the past few weeks we've seen large moves in rates, oil, gold and crypto. What does it mean for equities? First, investors are still treating these markets as separate stories, when they are all part of the same regime shift that began with COVID. More than six years ago, in the depths of that recession, I argued investors should prepare for the return of inflation. That was a very out of consensus view. At that time, the world was obsessed with deflation, the 10-year Treasury yield was below 1 percent, stocks had been hit hard, and gold was sitting around $1,500 an ounce. But the policy response to COVID – what I called helicopter money – changed the game. It marked the end of the 40-year disinflationary regime and a very different investment environment for investors to navigate. It is also the foundation of our run it hot thesis. In a world where inflation has returned, cycles are likely to be shorter, policy more reactive, and leadership changes more frequent. That is very different from the 1982-to-2020 period. Then falling inflation and falling rates allowed economic cycles to stretch for eight or 10 years. We are now in a world that looks more like the post-World War II era: stronger nominal GDP growth, more persistent inflation, higher economic volatility, and a bond market that is no longer the tailwind it used to be for risk assets. In short, the great secular bull market in bonds ended with COVID. This has huge implications for investors of all stripes. My near term view on rates is also different from the mainstream. A lot of investors are saying rates are rising because of debt and deficits. I am not dismissing those factors. But I think the bigger driver is strong nominal GDP growth, which really is the result of aggressive fiscal policy since the pandemic. We are in an era of fiscal dominance, and in that environment the Treasury and the Fed are forced to find ways to fund deficits without breaking markets. That is how I interpret the Treasury's recent buyback activity. I don't think this is quantitative easing or yield-curve control. The scale of the program is not large enough. Instead, it's just another tool to maintain market functioning and stable financial conditions. So when I look at the large move in precious metals and crypto last week, to me it suggests that markets believe this is just a first step toward larger intervention – if financial conditions tighten further. For equities, this all reinforces the quality rotation we have been recommending. Since the peak rate of change in earnings revisions breadth in June, led by Semiconductors, the market has gone through a significant leadership change. Quality factors have started to outperform after a year of lagging, which is exactly what we would expect as a post-recession recovery matures. High free cash flow, high gross margins, stable sales growth, and low capex-to-sales factors have all been working. Some investors are frustrated that the S&P 500 barely sold off during the historic momentum unwind. But if quality is coming back into favor, that makes perfect sense. The S&P 500 is one of the highest-quality benchmarks in the world. Leadership at the stock level may continue to morph, but index leadership for the S&P is unlikely to fade – and may even get stronger. The near-term risk remains oil. Brent crude prices have moved higher over the past couple of weeks. And rising oil has historically been a much more reliable headwind for equities than falling oil has been a tailwind. Our still constructive equity view does not require crude to collapse. It simply requires crude to stop rising. If oil spikes again because the Strait of Hormuz remains closed, that could pressure input costs, push yields and bond volatility higher, and create another round of market instability. Bottom line, the run it hot regime is alive and well. It supports equities. But it also shortens cycles, increases rotations, and forces investors to be more tactical at times. I currently like large-cap quality stocks, AI adopters, and the S&P 500 over international peers. Hedge the oil risk with energy stocks and keep your head on a swivel as we navigate the next phase of this recovery and bull market. Thanks for tuning in; I hope you found it informative and useful. Let us know what you think by leaving us a review. And if you find Thoughts on the Market worthwhile, tell a friend or colleague to try it out!

What does the roadmap to a "Viksit Bharat 2047" look like from the very top?

Allen covers Germany’s new offshore wind price guarantee, England’s onshore wind revival, wind for Korean chip plants, and Aeris debt trouble. The Uptime Wind Energy Podcast is brought to you by Weather Guard Lightning Tech, creators of the StrikeTape Ultra LPS retrofit. Subscribe to Uptime’s Substack newsletter. And check out Rosemary’s “Engineering with Rosie” Youtube channel. Have a question we can answer on the show? Email us! Good Monday everyone. Last summer … Germany held an auction for new offshore wind capacity. Not a single company bid. Zero. This week Berlin put forward a new law to fix that. The old system asked developers to pay for the right to build in the North Sea and the Baltic. TotalEnergies and BP bid billions of euros … then walked away. So the new plan introduces contracts for difference. Build the farm … and the government backstops the price of electricity. The offshore wind association wants abandoned projects … up to sixteen gigawatts … put back on the auction block under the new rules. That is fifty billion euros worth of wind farms waiting for a second chance. The cabinet vote could come as early as next week. Stay in Europe but head west. England just posted its highest number of onshore wind applications in a decade. About forty-five proposals. Before Labour lifted the Conservatives’ ban two years ago … applications averaged one megawatt a month. Now they are running at thirty-six megawatts a month. But here is the catch. The average English wind farm has just two turbines. Eight megawatts. In Scotland … the average is nine turbines and fifty-nine megawatts. England is back in the game. It is just playing small. Now cross the Pacific. South Korea selected Pacifico Energy Korea to develop the Jindo offshore wind cluster. Two-point-one-three gigawatts. That is the second and third phases of a broader three-point-two-gigawatt project off the southern coast. And here is the connection worth noting. The region is also building the Honam Semiconductor Cluster … a major chip fabrication site. Semiconductor fabs need enormous and reliable power. This wind cluster is being positioned as the energy source to feed it. Wind as baseload for chip manufacturing. That is a new kind of offtaker. Now head to Brazil. Aeris Energy makes wind turbine blades. This week the company told its creditors it needs to restructure again. Roughly three hundred and thirty million dollars in debt. Aeris already restructured last year. But revenue fell forty-eight percent in the first half of this year. The company lost roughly fifty-three million dollars. It tried to find a buyer. No one came forward. Remember TPI Composites filing Chapter Eleven in Houston last year? The independent blade business keeps getting harder. Back to North America. In Nova Scotia … Port Hawkesbury Paper is spending four hundred and fifty million dollars on thirty-one Nordex turbines. They will be the biggest onshore turbines in North America. Each one … six-point-nine megawatts. And they carry electrothermal technology that prevents ice from forming on the blades. They operate down to minus thirty Celsius. Last January … Nova Scotia’s existing turbines dropped from three hundred and fifty megawatts to seventy-five in a single evening when the cold hit. For anyone building in northern climates … cold-weather performance is no longer optional. And in Minnesota … Xcel Energy broke ground on two projects this week. A hundred-and-eighty-five-mile transmission line that can carry four thousand megawatts of new wind and solar to the grid. And alongside it … a four-hundred-and-twenty-megawatt natural gas peaking plant in Lyon County for the days when the wind stops. So what does this week tell us? Germany’s auction reform is the story to watch. If Berlin gets contracts for difference right … sixteen gigawatts of stalled projects could come back to life. England proves that removing a political ban releases demand … but the scale gap with Scotland shows that planning culture matters as much as planning law. The blade supply chain is still under stress. If you are in procurement … know your supplier’s balance sheet. South Korea is tying offshore wind directly to semiconductor manufacturing. That kind of industrial offtaker changes the project finance equation. And from Minnesota to Nova Scotia … the message is the same. Transmission … peaking power … cold-weather reliability. The turbine is the easy part. The system around it is where the money and the risk still live. And that is the state of the wind industry for the 24th of August 2026. Join us for the Uptime Wind Energy podcast tomorrow.

In this episode of The Circuit, hosts Ben Bajarin and Jay Goldberg break down the shifting dynamics across the semiconductor landscape, from analog chips to custom silicon and corporate balance sheets.Analog Devices (ADI) & The Data Center Wave: ADI reports a strong quarter, driven by a doubling of its data center revenue and expanding opportunities in 800-volt data center architectures. Ben and Jay discuss ADI's conservative focus on SAM (Serviceable Addressable Market) over TAM, high gross margins, and how analog content per gigawatt is becoming a key driver for power, safety, and sub-volt conversion.AI Sentiment vs. Market Reality: The hosts address the hype around AI "curing cancer," clarifying Moderna's recent bio-informatics announcement, and discuss the growing local friction surrounding massive data center construction projects.Custom ASICs & Marvell's Google Win: Analysis of Marvell's expanding relationship with Google for periphery XPU attach, optical interconnects, and CXL. They unpack why this is a massive win for Marvell's diversification and clear up misconceptions regarding Broadcom's market position.The Era of "Balance Sheet Competition": Semiconductor giants are using equity, warrants, and Special Purpose Vehicles (SPVs) to fund data center capacity. Ben and Jay debate the risks of chip companies taking on debt-like obligations to compete with NVIDIA.

Het is de week waar zo'n beetje elke belegger op wacht. De week dat chipmaker Nvidia met de kwartaalcijfers komt! Samen met Corné van Zeijl (Cardano) bereiden we je voor op die cijfers. Je hoort dat ze (weer) gaan overtreffen. Maar is alleen overtreffen genoeg? Ook vertellen we je waar je nu écht op moet letten als de cijfers naar buiten komen. In Beurs in Zicht stomen we je klaar voor de beursweek die je tegemoet gaat. Want soms zie je door de beursbomen het beursbos niet meer. Dat is verleden tijd! Iedere week vertelt een vriend van de show waar jouw focus moet liggen. BNR Beurs is een journalistiek onafhankelijke productie, mede mogelijk gemaakt door Saxo. Over de makers: Jelle Maasbach is presentator van BNR Beurs en freelance financieel journalist. Zijn favoriete aandeel om over te praten is Disney, maar daar lijkt hij de enige in te zijn. Sinds de eerste uitzending van BNR Beurs is 'ie er bij. Maxim van Mil is presentator van BNR Beurs en journalist bij BNR, waar hij zich focust op de financiële markten en ontwikkelingen in de tech-wereld. Je krijgt hem het meest enthousiast als hij kan praten over ASML, of oer-Hollandse bedrijven zoals Ahold of ABN Amro. Jorik Simonides is presentator van BNR Beurs, economieredacteur en verslaggever bij BNR. Hij wordt er vooral blij van als het een keer níet over AI gaat. Je hoort hem ook in de BNR-podcast Moerdijk: dorp van de rekening. Milou Brand is presentator van BNR Beurs, freelance podcastmaker en columnist bij het Financieele Dagblad. Jochem Visser is presentator van BNR Beurs, maakt Beursnerd XL en is redacteur bij de podcast Onder Curatoren. Vraag hem naar obscure zaken op financiële markten en hij vertelt je waarom het eigenlijk nóg leuker is dan je al dacht. Over de podcast: Met BNR Beurs ga je altijd voorbereid de nieuwe beursdag in. We praten je in een kleine 25 minuten bij over alle laatste ontwikkelingen op de handelsvloer. We blijven niet alleen bij de AEX of Wall Street, maar vertellen je ook waar nog meer kansen liggen. En we houden het niet bij de cijfers, maar zoeken ook iedere dag voor je naar duiding van scherpe gasten en experts. Of je nu een ervaren belegger bent of net begint met je eerste stappen op de beurs, de podcast biedt waardevolle inzichten voor je beleggingsstrategie. Door de focus op zowel de korte termijn als de lange termijn, helpt BNR Beurs luisteraars om de ruis van de markt te scheiden van de essentie.See omnystudio.com/listener for privacy information.

What a week! Crypto surged. Bond yields jumped. Technology stocks got hit. Economic data kept traders guessing. And now Wall Street is preparing for one of the biggest earnings reports of the quarter. In today's Trading Week Wrap Up!, we'll connect the dots between the biggest market-moving stories of the week and, more importantly, discuss what they could mean as we head into a potentially HUGE week for the markets. Let's start with crypto. Bitcoin is on pace for its best week in more than two years, surging more than 20% as improving regulatory sentiment, Washington's increasingly crypto-friendly stance, and changing liquidity expectations breathed life back into the beaten-down digital asset market. Ethereum and many altcoins joined the party as well. So... Is the crypto winter finally ending, or is this just another massive bear-market rally? We'll break it down. Then there's the bond market. Long-term Treasury yields remain elevated, creating another challenge for stocks—particularly high-growth technology and AI companies whose valuations can be extremely sensitive to borrowing costs and interest rates. The 30-year Treasury yield climbed to its highest level since 2007 this week, while semiconductor stocks came under significant pressure. We'll discuss: Crypto's huge rebound – Is Bitcoin signaling a genuine change in trend? Interest rates & bond yields – Why the bond market continues to be one of the biggest risks facing equities. Technology volatility – Is the recent weakness an opportunity, or are investors finally questioning some of those massive AI valuations? Economic data – What this week's numbers tell us about inflation, growth and the direction of Federal Reserve policy. The broader market – Where are we seeing strength, weakness and potential trading opportunities? And then...

In this episode of Facts vs Feelings, Ryan Detrick, Chief Market Strategist at Carson Group, joins Sonu Varghese, Chief Macro Strategist at Carson Group, live from Penn State as Ryan navigates college move-in day and a few very real headlines along the way. From there, they dive into the increasingly complex financing behind the AI boom, including NVIDIA's role in funding AI infrastructure, the rise of "neo-clouds," private credit, and the shift of AI financing risk from corporate balance sheets toward the broader financial system.Ryan and Sonu then examine what the market is saying about risk. Semiconductor stocks have staged a powerful rebound, financials are on an unprecedented winning streak, European banks continue to outperform, and private equity and private credit names are breaking higher. They ask whether these market signals are consistent with the growing recession concerns that dominate financial headlines.The conversation turns to the consumer, where weak retail sales headlines tell only part of the story. Sonu explains why Prime Day timing, lower gasoline prices, and volatile monthly data can distort the picture, while restaurant spending, household balance sheets, debt levels, and delinquencies suggest the consumer remains more resilient than sentiment surveys imply. They also explore why consumers can feel worse while continuing to spend on restaurants, travel, concerts, and other experiences.Finally, Ryan and Sonu tackle inflation from the household's perspective, highlighting stubborn services inflation in areas like lawn care, health care, vehicle repairs, restaurants, and veterinary services. They discuss falling expectations for a September Fed hike, rising long-term Treasury yields, massive federal deficits, the growing cost of government interest payments, a steepening yield curve, and heavy Nasdaq hedging. The episode closes with a broader look at what these signals mean for the bull market and the economy.[Key Takeaways]AI financing is becoming increasingly financialized. NVIDIA's involvement in AI infrastructure financing, alongside major private-capital firms and banks, is helping shift the funding of AI buildout toward private credit, special-purpose vehicles, and debt-backed structures.The AI financing risk may be moving rather than disappearing. NVIDIA's proposed backstop structure can reduce tail risk on its own balance sheet, but some of that risk is transferred to investors, lenders, institutions, and private-credit vehicles financing AI infrastructure.The consumer is showing more resilience than the headlines suggest. Retail sales weakened in July, but Prime Day's earlier timing, lower gas prices, and monthly volatility complicate the headline number. Restaurant spending remains strong, while household debt and debt-service burdens remain relatively manageable.Household leverage does not look excessive by historical standards. Total household debt declined in Q2 2026, credit-card debt was down during the first half of the year, and household debt-service costs remain below 2019 levels. Delinquency data also require context because charged-off debt can remain in reported measures for longer than it historically did.Inflation remains a problem at the household level. While some headline inflation readings have been encouraging, services such as lawn care, home health care, vehicle repair, restaurants, dental care, and veterinary services continue to run above pre-pandemic inflation rates.Jump to:0:00 - College Move-In And Headlines4:20 - The Circular AI Money Loop8:30 - Neo-Clouds And Compute Financing Explained16:40 - Chip Rally And Financials Breakout19:45 - Why European Banks Still Lead22:20 - Retail Sales And Consumer Fears33:20 - Savings Rate Debt And Balance Sheets43:30 - Delinquencies The Data And The Asterisk49:40 - Inflation From A Consumer View56:55 - Fed Hike Odds Shift And Yields Rise1:01:20 - Deficits Long Bonds And Portfolio Positioning1:08:15 - Nasdaq Hedging And Final Takeaways1:11:57 - Wrap And Listener RequestsConnect with Ryan:• LinkedIn: https://www.linkedin.com/in/ryandetrick/• X: https://x.com/RyanDetrickConnect with Sonu:• LinkedIn: https://www.linkedin.com/in/sonu-varghese-phd/• X: https://x.com/sonusvarghese?lang=enQuestions about the show? We'd love to hear from you! factsvsfeelings@carsongroup.com

Why does your portfolio sometimes look nothing like the S&P 500? The answer often comes down to allocation. Semiconductor and mega-cap stocks can drive headline market returns, while value-oriented sectors may deliver lower returns with greater stability. We look at momentum, semiconductors, mega-caps, and value stocks to explain why portfolio performance can diverge sharply from the broader market. Understanding what you own, and how those holdings behave across market cycles, can matter more than simply comparing your returns with an index. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer --- Watch the Video version of this report on our YouTube channel: https://youtu.be/fYCwotrLSAM --- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ --- Do you enjoy our content? Rate us on Google: https://bit.ly/4b9JtEo --- * REGISTER for our next Dynamic Learning Series, "Savvy Social Security Planning: More Income, Less Worry," Thursday, August 6, 2026: https://streamyard.com/watch/tQ3PS8hd64mt --- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor : https://www.simplevisor.com/register-new --- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket #Investing #PortfolioManagement #SP500 #FinancialPlanning

In der heutigen Folge sprechen die Finanzjournalisten Nando Sommerfeldt und Holger Zschäpitz über das Aschenbrenner-Paradoxon, die Zeitenwende bei Geely und eine AAA-Idee, die keine Auto-Aktie ist. Außerdem geht es um S&P Global, Sandisk, Micron Technology, Bloom Energy, TSMC, Nebius Group, CoreWeave, STMicroelectronics, Applied Digital, Riot Platforms, SharonAI Holdings, ServiceNow, Autodesk, Adobe, Elastic, Shopify, Workday, Quantum Computing, Ondas Holdings, indie Semiconductor, SoundHound AI, Centrus Energy, SpaceX, Nvidia, OHB, Airbus, Geely Automobile Holdings, Strategy, Tesla, Home Depot, Baidu, Klarna, Xiaomi, Pony AI, Keysight Technologies, SK Hynix, Intel, Redeia, Schroders, Daimler Truck, Mercedes-Benz Group, Porsche AG, Global X Data Center REITs & Digital Infrastructure (WKN: A2QPB0), First Trust Nasdaq Clean Edge Smart Grid Infrastructure (WKN: A3DGK5), Global X European Infrastructure Development (WKN: A40E7B), iShares Global Infrastructure (WKN: A0LEW9), BNP Paribas Easy ECPI Global ESG Infrastructure (WKN: A3EWYS), SPDR Morningstar Multi-Asset Global Infrastructure (WKN: A12EAR). Wir freuen uns an Feedback über aaa@welt.de. Noch mehr "Alles auf Aktien" findet Ihr bei WELTplus und Apple Podcasts – inklusive aller Artikel der Hosts. Hier bei WELT: https://www.welt.de/podcasts/alles-auf-aktien/plus247399208/Boersen-Podcast-AAA-Bonus-Folgen-Jede-Woche-noch-mehr-Antworten-auf-Eure-Boersen-Fragen.html. Hier könnt ihr den AAA-Newsletter abonnieren: https://www.welt.de/newsletter/article232797673/Alles-auf-Aktien-Der-taegliche-Boersen-Newsletter-fuer-WELTplus-Abonnenten.html Und – ganz neu: AAA gibt es jetzt auch auf Instagram: https://www.instagram.com/alles_auf_aktien/ Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Hörtipps: Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. +++ Werbung +++ Du möchtest mehr über unsere Werbepartner erfahren? Hier findest du alle Infos & Rabatte! https://linktr.ee/alles_auf_aktien Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

In this episode of The Circuit, hosts Ben Bajarin and Jay Goldberg break down the evolving structural dynamics across optical networking, semiconductor manufacturing, and AI infrastructure financing. They begin by analyzing the divergent earnings from Lumentum and Coherent, pointing to margin pressures and the yield challenges Coherent faces during its transition to 6-inch indium phosphide wafers. This leads to a detailed debate on optical interconnect architectures—distinguishing Linear Pluggable Optics (LPO) from Near-Packaged Optics (NPO) and Co-Packaged Optics (CPO)—while noting that adoption remains largely rack-to-rack rather than internal to the rack due to manufacturing and serviceability bottlenecks. Turning to enterprise networking, the hosts highlight Cisco's resurgence powered by its proprietary Silicon One chips and its clever use of Anthropic's Mythos model to run security audits that drive hardware refreshes. Applied Materials' record quarter is evaluated next, where eight quarters of visibility backed by Long-Term Agreements (LTAs) demonstrate structural supply chain shifts, despite market hesitancy likely tied to Intel's pending capex plans. Finally, they examine NVIDIA's proposed $500 billion data center financing initiative, debating whether vendor-backed capital creates circular demand or serves as a necessary bridge for capital markets, while challenging Jensen Huang's assertion that compute should be viewed as a standalone, non-obsolescent asset class.

https://garykaltbaum.com/ The opinions you hear on BizTalkRadio, BizTV, or BizTalkPodcasts are those of the hosts, callers, and guests and do not necessarily reflect those of BizTalkRadio, BizTV, or BizTalkPodcasts, its management or advertisers. The information on BizTalkRadio does not constitute a recommendation, offer, or solicitation to buy or sell any product or securities. Please consult a professional before investing.

Sara Awad from Tech Contrarians talks tech's tough year (0:40) Great results being viewed as not good enough (3:20) Semiconductors have more downside, but potential remains (6:50) Memory dynamics (8:40) Thinking about 2027 (14:50) ASIC shift favors ARM (19:45) Are we in a bubble? (23:30)Show Notes:Is The Market Wrong On SpaceX? TheTechTalk Podcast Ep. 1Fundamentals Over EverythingThe Cure For FOMO With Tech ContrariansEpisode transcriptsFor full access to analyst ratings, stock quant scores and dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions

NEW HIGHS!!! Shaking off the bad stuff. In the midst of earnings season – peak was last week. Let’s Look at the Fear and Greed Index. Unemployment numbers are out (Something for everyone)   PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? PayPal.Donation.Button({ env:'production', hosted_button_id:'JJJHP2GDEJC7J', image: { src:'https://www.paypalobjects.com/en_US/i/btn/btn_donateCC_LG.gif', alt:'Donate with PayPal button', title:'PayPal - The safer, easier way to pay online!', } }).render('#donate-button'); Follow John S. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm-Up - Let's Look at the Fear and Greed Index - Unemployment numbers are out (Something for everyone) - CPI Data out tomorrow then PPI Thursday Markets - NEW HIGHS!!! Shaking off the bad stuff - In the midst of earnings season - peak was last week - OIL - Rebounding on NO DEAL (what a surprise) NO Agenda / DHUnplugged Meet-Up  - Follow Up (8-8-2026) Starting off with Fear and Greed - Check this out: FEAR AND GREED INDICATOR CPI Thoughts - July CPI is expected to ease to 3.4% from a year earlier, with core inflation forecast near 2.5%. - The probability of a September Fed rate increase has moved back toward 48% as oil rebounded and several policymakers continued to emphasize inflation risks. - A soft reading would support bonds, technology and precious metals. A hot reading would revive stagflation concerns by combining weaker hiring with renewed price pressure. Tariffs Return Under New Authority - New tariffs of 10% to 12.5% cover imports from 60 trading partners. - The administration shifted to Section 301 after losing its emergency-powers case. - Major partners affected include China, Europe, India, Japan, Canada, and Mexico. - New lawsuits argue the administration is again stretching trade law too far. - 25 States are suing on this .... Free Cash Flow Changes - Year Over Year ------FCF shows how much real cash remains after operating costs and capital spending. Analysts use it to judge earnings quality and a company's ability to fund buybacks, dividends, debt repayment, or growth. - Apple: up about $7.5 billion, or 31%. - Microsoft: down about $6.0 billion, or 23%. - Meta: down about $7.8 billion, or 91%. - Amazon: deteriorated about $25.8 billion, from positive $18.2 billion to negative $7.6 billion. - Alphabet: down $11.2 billion, swinging from positive $5.3 billion to negative $5.9 billion. - Tesla: down $1.24 billion, swinging from positive $146 million to negative $1.09 billion. - Intel: adjusted free cash flow worsened by $7.37 billion, from negative $1.05 billion to negative $8.42 billion. - Nvidia: up $22.4 billion, or 86%, from $26.1 billion to $48.6 billion. Jobs Report - Labor Market Cracks - July payrolls fell 23,000 versus expectations for about 80,000 gains. - May and June were revised down by a combined 103,000 jobs. - Unemployment fell to 4.1%, but labor-force participation dropped to 61.4%. - Weak report pushed yields and the dollar lower. China Trade - Export Machine Keeps Running - July exports jumped 23.9% year over year; imports rose 27.5%. - China posted another huge $112.5 billion trade surplus. - Semiconductor and high-tech exports were major growth drivers. SoftBank - Intel Saves the Quarter - SoftBank posted about $2.2 billion in quarterly profit, well above expectations. - A large gain on its Intel investment was a major driver. - ByteDance also added investment gains. - SoftBank continues aggressively funding AI and OpenAI-related investments. (Masayoshi Son will never stop pumping)     Love the Show? Then how about a Donation? PayPal.Donation.Button({ env: 'production', hosted_button_id: 'JJJHP2GDEJC7J', image: { src: 'https://www.paypalobjects.com/en_US/i/btn/btn_donateCC_LG.gif', alt: 'Donate with PayPal button', title: 'PayPal - The safer, easier way to pay online!' } }).render('#donate-button-2'); THE CLOSEST TO THE PIN for SpaceX (SPCX) Winners will be getting great stuff like the new "OFFICIAL" DHUnplugged Shirt!   FED AND CRYPTO LIMERICKS   See this week's stock picks HERE Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter

Plus: Anthropic is meeting with potential investors ahead of its planned IPO. And Intel is increasing its stock offering to raise $20 billion. Danny Lewis hosts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

P.M. Edition for Aug. 10. The FDA has laid out new rules intended to make the food system more transparent, part of an overhaul promised by Health Secretary Robert F. Kennedy Jr. WSJ reporter Liz Essley Whyte discusses how the new rules would work and why guidelines for ultraprocessed foods didn't come today. Plus, as Iran strengthens its demands in negotiations to reopen the Strait of Hormuz, Gulf states have begun accepting a new reality: that Tehran will control the strait for the foreseeable future. We hear from WSJ Middle East correspondent Benoit Faucon about what they are doing about it. And more than 70 people have been killed in a 7.4 magnitude earthquake in Colombia. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Plus: SK Hynix plans to invest about $38 billion to expand chip production. And video game company Take Two reports loss despite higher revenue. Imani Moise hosts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Plus: Oil prices hold steady amid Middle East uncertainty. And Nvidia stock rallies after SpaceX names the chipmaker its exclusive supplier. Imani Moise hosts. Sign up for WSJ's free What's News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Plus: Meta CEO Mark Zuckerberg calls for policies that accelerate AI development. And DoorDash is building its own drone delivery network. Imani Moise hosts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Air Date: 7/25/2026 The Monthly-ish Mix™ is here to get you caught up on the news from June and July without being overwhelming! Organized around a single idea: the same politics that left America friendless abroad is keeping Americans apart at home. The war with Iran ends and America's word counts for less around the world, so Europe starts building its own software instead of buying ours, NATO war-games its own doubts, and China quietly steadies the world's oil markets, while Taiwan shows that real security comes from connection, not threats. At home, the administration revives the red scare, hands the Justice Department to the president's personal lawyer while judges face death threats, and turns the country's 250th birthday into a fight over who counts as American, and billionaires cash out while everyone argues. And the way back starts small: a psychologist's simple habit for a happier social life, organizers who treat loneliness as a political problem with a political cure, and a Michigan Senate campaign built on talking to people instead of donors. Covering: June–July 2026 Full Show Notes Be part of the show! Leave a voice message, message us on Signal at the handle bestoftheleft.01, or email Jay@BestOfTheLeft.com BestOfTheLeft.com/Support (Members Get Bonus Shows + No Ads!) Use our links to shop Bookshop.org and Libro.fm for a non-evil book and audiobook purchasing experience! Join our Discord community! SECTION 1: A SUPERPOWER WITHOUT FRIENDS (00:01:30) #1805 - Trump Giving Iran $300 Billion to End His Own War 1: The Iran Deal, Boy, I Don't Know - Takes by Jamelle Bouie - Air Date 6-18-26 2: J.D. Vance Iran Deal Fall Guy Part 1 - On the Media - Air Date 6-19-26 3: Trump Weakened U.S. Allies While Strengthening Iran Part 1 - UNFTR - Air Date 6-19-26 (00:26:23) #1810 - Post-American Europe: How to Lose Friends and Influence People to Protect Themselves Against You 4: TODAY: Europe Replaces ENTIRE American Software Stack - Google OUT, Microsoft OUT June 9 - House of El - Air Date 6-4-26 5: Would NATO Hold if Russia Tested Article 5? Lessons From a War Game | Berlin Briefing Podcast Part 1 - DW News - Air Date 7-17-26 6: China Quietly Saved the World Last Month Part 1 - Max Fisher - Air Date 7-17-26 (00:54:17) #1799 - The US and China Are Fighting Over Taiwan, Semiconductors, and Africa's Minerals 7: Can There Ever Really Be "one China?" - Vox - Air Date 5-28-26 8: Trump's FAILED Meeting With China's Xi Jinping Was Humiliating - Pod Save the World - Air Date 5-21-26 9: China Will Never Beat Taiwan, Here's Why - Maxinomics - Air Date 3-37-26 SECTION 2: DIVIDED ON PURPOSE (01:23:27) #1809 - Democrats Seek a Blue Wave, Progressives Push Democratic Socialism, GOP Revive the Red Scare 10: The Red Scare Returns Trump Is Calling Us Communists - Thom Hartmann Program - Air Date 7-8-26 11: Why Dems Like Him Are Crashing Out Right Now with Jeet Heer Part 1 - The Majority Report - Air Dat 7-3-26 12: Unsticking Congress with Maya Kornberg Part 1 - Future Hindsight - Air Date 5-7-26 (01:45:55) #1802 - Department of Injustice: Revenge Prosecutions, Judges Threatened, and Incompetence All the Way Down 13: Trump Eyes Personal Lawyer to Run DOJ Part 1 - The Beat w Ari Melber - Air Date 6-4-26 14: This Federal Judge Ruled Against Trump. Then the Death Threats Rolled in Part 1 - 60 Minutes - Air Date 3-1-26 15: DOJ in Crisis - Stay Tuned with Preet - Air Date 2-10-26 SECTION 3: STRANGERS IN OUR OWN COUNTRY (02:12:09) #1806 - America at 250: The Declaration, the Constitution, and our Crisis of Democracy 16: America's 250th Birthday Must Reckon with Racism, Historian Says - Here & Now Anytime - Air Date 6-19-26 17: Trump 250 Gala Grows More Humiliating as Fox Grapples with Low Turnout - THE DAILY BLAST with Greg Sargent - Air Date 6-26-26 18: The Constitution (Melissa's Version) - Strict Scrutiny - Air Date 5-11-26 (02:37:01) #1807 - What the World Cup Exposes: Identity, Colonialism, and Racism in 2026 19: Pete Hegseth is Trying to Resegregate the Military - Takes™ by Jamelle Bouie - Air Date 6-20-26 20: US Soccer Star Shows MAGA's Racism With Zero Effort - Rick Strom - Air Date 6-23-26 21: Colonial Wars Played On The Pitch - AJ+ - Air Date 6-21-26 (03:07:56) #1804 - Elon Musk, the First Trillionaire, and the Broken System That Made Him 22: Belfast Riots: Why UK Mobs See Racial Violence as 'national Defence' | Amina Shareef | MEE Opinion - Middle East Eye - Air Date 6-18-26 23: 'Billionaire CRISIS': How the Country's Wealthiest Are 'bankrolling' U.S. Politics - MS NOW - Air Date 5-27-26 24: SpaceX IPO: What They're Not Telling Retail Investors - UNFTR Media - Air Date 6-9-26 (03:34:28) #1808 - Billionaires vs. Democracy: They're Not Coming For Your Job, They're Coming For Your Government (And The Entire Economy) 25: The Richest Country Is Pretty Mid Now Part 1 - Benn Jordan - Air Date 6-28-26 26: The End Of Capitalism Is Here. - Second Thought - Air Date 6-5-26 27: America is Entering a New Socialist Era — and It Might Stick - The Recount - Air Date 6-30-26 SECTION 4: THE WAY BACK TO EACH OTHER (04:03:58) #1800 - How Capitalism Created Loneliness and How To Joyfully Organize Our Way to Community 28: Anthropic Discovers the Axis of Evil, and AIs Loneliness Economy - The AI Fix - Air Date 2-3-26 29: The Political Economy of Love Attention, Affection, & What Capitalism Can't Buy Part 1 - Rev Left Radio - Air Date 1-19-26 30: The Simple Habit for a Happier Social Life Nicholas Epley Part 1 - TEDTalks - Air Date 5-19-26 (04:30:56) #1801 - Counterfeit Populism: Trump, the 2026 Primaries, and the Era That's Ending 31: Why I Left the (White) Left - Signified B Sides - Air Date 6-2-26 32: Hayes: Trump is Chasing Good Press with Bombs - All In with Chris Hayes - Air Date 6-11-26 33: Abdul El-Sayed Thinks the Michigan Senate Race Will Come Down to This One Factor - Slate and Abdul El-Sayed - Air Date 4-30-26   Produced by Jay! Tomlinson Visit us at BestOfTheLeft.com Listen Anywhere! BestOfTheLeft.com/Listen Follow BotL: Bluesky | Mastodon | Threads | X Like at Facebook.com/BestOfTheLeft Contact me directly at Jay@BestOfTheLeft.com