5-7-26 Semiconductors - Bubble or Bust?

5-7-26 Semiconductors - Bubble or Bust?

From The Real Investment Show (Full Show) by Lance Roberts

May 7, 2026 · 43 min

About this episode

Lance Roberts and Michael Lebowitz discuss the semiconductor market amidst the AI boom, weighing the potential for a technology revolution against the risks of a market bubble.

Semiconductor stocks continue to lead the market higher as the AI boom drives massive capital spending, soaring valuations, and relentless momentum in names like Nvidia, AMD, Broadcom, and TSMC. But are investors witnessing the next great technology revolution, or the early stages of another market bubble? Lance Roberts & Michael Lebowitz examine the semiconductor trade from both sides: Explosive AI demand, data center growth, and earnings momentum versus stretched valuations, narrowing market breadth, and growing concentration risk inside the S&P 500 and NASDAQ. Key topics include: 0:00 - INTRO 0:56 - Earnings Revisions are Ratcheting Up 4:32 - The Importance and Use of Technical Indicators 11:05 - Tools for Separating Narratives & Emotions from Market Reality 13:07 - Likes for Lebo Merch 14:10 - Semiconductors, AI, and Bubbles 16:58 - GPU's, CPU's, & LLM's 18:38 - The AMD Story & Supple-Demand Imbalances 24:10 - Portfolio Management Keeps You Out of Trouble 25:05 - Taking Profits is Important 26:45 - Where Will Money Go Next? 29:22 - Dissention in the Fed - Cuts or No Cuts? 32:15 - AI is Disinflationary in Nature 34:06 - The Curb Appeal of the Economy 36:18 - Guessing the…

People in this episode

Host: Lance Roberts

Guest: Michael Lebowitz

Topics covered

Keywords

Mentioned in this episode

Organizations: Nvidia, AMD, Broadcom, TSMC, S&P 500, NASDAQ

More episodes of The Real Investment Show (Full Show)

Explore listener stats, chart rankings, contacts and more on the The Real Investment Show (Full Show) podcast page.