Tech Stocks are Hot Again: What to Buy (and What to Sell)

About this episode

Kieran Moore discusses the current tech stock landscape, focusing on selective investment strategies amidst the AI surge.

The Nasdaq 100 went from a seven-month low to a record high in April—posting its biggest monthly gain since 2002. But as tech stocks rip higher, Kieran Moore says the real opportunity isn’t owning everything… it’s knowing what to avoid. In this episode of In the Money with Amber Kanwar , Kieran Moore, Equity Partner & Portfolio Manager at Munro Partners, breaks down what’s really driving the explosive rebound in growth—and why he’s getting more selective, not less. He explains why AI demand is quietly surging beneath the surface, with usage (or “token demand”) tripling in just a few months, and how that’s creating massive winners—but also real disruption risk. Moore makes the case that this isn’t the end of the AI trade—it’s the beginning of a more nuanced phase, where earnings growth, not hype, will separate the winners from the losers. He also lays out why he’s taking a hard stance against software stocks right now—even exiting long-time winners like Microsoft (MSFT) and ServiceNow (NOW)—arguing that AI could start eating into traditional software revenues. At the same time, he highlights where the real leverage to this cycle sits: semiconductors, memory, and the AI supply…

People in this episode

Host: Amber Kanwar

Guest: Kieran Moore

Topics covered

• tech stocks
• AI demand
• investment strategy
• semiconductors
• market analysis
• growth stocks

Keywords

• Nasdaq 100
• AI
• investment
• software stocks
• growth
• semiconductors
• market trends

Mentioned in this episode

Organizations: Munro Partners

Products: Microsoft, ServiceNow, Nvidia, Meta, Alphabet, Constellation Software, Micron, Adobe, Cameco

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