SB Talks: Data Surprises & Data Centres

About this episode

The episode discusses global market trends, focusing on data centre spending, inflation, and the outlook for 2026.

In this episode of SB Talks, CEO Vincent O'Neill and CIO Nick Ryder, take a fast-paced look at global markets. In the US, manufacturing slows as tariffs bite, while AI and data centre spending surge. Back home, Australia's first full monthly CPI eliminates hopes of a pre-Christmas rate cut, even as Q3 growth and capacity constraints keep pressure on. Nick unpacks a record capex jump, plant and equipment lead the charge, data centre hardware up 92% QoQ fueling productivity but driving imports. Markets cool after a risk-on run, crypto retreats, and competition heats up in banking. The duo also weigh the Fed chair race and a divided FOMC, before hinting at Stanford Brown's 2026 outlook: cautiously optimistic, focused on inflation, productivity, and the evolving AI story. Music provided by: Autumn Trumpet Background Corporate by LesFM | https://lesfm.net/ Music promoted by https://www.chosic.com/free-music/all/ Creative Commons CC BY 3.0 https://creativecommons.org/licenses/by/3.0/

People in this episode

Host: Vincent O'Neill

Guest: Nick Ryder

Topics covered

• global markets
• data centres
• AI spending
• CPI
• inflation
• productivity
• banking competition

Keywords

• data centres
• AI
• CPI
• inflation
• crypto
• banking
• capex

Mentioned in this episode

Organizations: Stanford Brown

Places: US, Australia

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