Micron, copper and BHP: where the AI trade goes next
About this episode
The episode discusses the current state of the AI trade, the performance of Micron and Sandisk, and the implications for investing in resources like copper and BHP.
In this episode of the Australian Investors Podcast, Owen Rask and Drew Meredith tackle one of the biggest questions in markets right now: if Micron and Sandisk are wobbling, has the AI trade gone too far, or is the market simply shifting where the real profits sit? They break down the latest sell-off in AI hardware names, why memory chips and data-centre narratives can look unstoppable right up until margins crack, and why the software layer may still capture more long-term value than the hardware beneath it. Closer to home, they unpack why the ASX has looked stronger if you own resources and far less exciting if you own almost anything else. That leads into a practical discussion on copper, BHP and whether the next leg of the AI build-out could keep rewarding real assets rather than the names investors have been crowding into. Along the way, Owen and Drew also answer listener questions on global diversification, whether investors should still want UK exposure inside broad ETFs, how LICs stack up against ETFs in a tougher tax environment, and what EOFY is revealing about super, rebalancing and portfolio construction. If you want a grounded take on AI hype, copper demand, BHP and…
People in this episode
Hosts: Owen Rask, Drew Meredith
Sponsors
Global X, TermPlus
Mentioned in this episode
Organizations: Micron, Sandisk, BHP, Rask
More episodes of Australian Investors Podcast
- Live Q&A: the tax changes reshaping wealth building in 2026
- An AI masterclass with Hayden Smith from Pearler
- S&P Global Inc (NYSE:SPGI) stock deep dive with Magellan's Ryan Joyce
- Michael Bell, CIO at Solaris, on active investing and portfolio discipline
- Inside Soul Patts: Jaki Virtue on culture, systems and long-term compounding
- Small Cap Playbook 4: 8 investing lessons from Ben Richards
Explore listener stats, chart rankings, contacts and more on the Australian Investors Podcast podcast page.