Is the AI Trade Over? The Bear Case Against Hyperscaler Spending

About this episode

The episode discusses the emerging bear case against hyperscaler spending in AI and the implications for mega-cap tech companies.

After years of AI euphoria, a growing bear case is emerging around the mega-cap tech companies pouring hundreds of billions into AI infrastructure — with serious questions about when, or if, those returns will materialize. This week's tech selloff and tumbling AI-related stocks suggest the market may finally be demanding answers. Today's Stocks & Topics: Primoris Services Corporation (PRIM), Market Wrap, Oil Stocks, Is the AI Trade Over? The Bear Case Against Hyperscaler Spending, 401k Allocation, Vanguard Emerging Markets Stock Index Fund (VEMAX), iShares Residential and Multisector Real Estate ETF (REZ), K92 Mining Inc. (KNT.TO), Vanguard S&P 500 ETF (VOO), Vanguard Total Stock Market Index Fund ETF Shares (VTI), The IPO Market. Our Next Wealth Webinar: “Beyond the Yield: How to Invest for Your Income Needs” June 30th, 2026 - 12:00 pm To sign up: https://us06web.zoom.us/webinar/register/5717793889555/WN_XuoDgMVwSv6wZXXurrZTLg Our Sponsors: * Check out Anthropic and use my code Claude.ai/invest for a great deal: https://www.anthropic.com * Check out Chilipad and use my code sleep.me/INVEST for a great deal: https://sleep.me * Check out Plaud AI and use my code INVEST for…

People in this episode

Hosts: Justin Klein, Luke Guerrero

Topics covered

• AI trade
• tech companies
• market analysis
• investment strategies
• stock market

Keywords

• AI infrastructure
• tech selloff
• investment returns
• market demand
• stock analysis

Sponsors

Anthropic, Chilipad, Plaud AI, Progressive, Quince, TaskRabbit, TruDiagnostic

Mentioned in this episode

Organizations: Primoris Services Corporation, Vanguard Emerging Markets Stock Index Fund, iShares Residential and Multisector Real Estate ETF, K92 Mining Inc., Vanguard S&P 500 ETF, Vanguard Total Stock Market Index Fund ETF Shares

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