The Bear Traps Report founder Larry McDonald joins ‘Mornings with Maria’ to warn that soaring AI memory costs are squeezing Big Tech profits and fueling a major market rotation into hard assets.
The AI boom is supposed to be a tech story. Larry McDonald thinks it's a commodities story. On this episode of In the Money with Amber Kanwar, the Bear Traps Report founder and best-selling author explains why surging demand for copper, uranium, oil, natural gas and gold could create some of the biggest investment opportunities of the next decade. As trillions of dollars flow into AI infrastructure, data centres and power generation, Larry argues investors are overlooking the companies supplying the raw materials that make it all possible. In fact, he goes so far as to call NVIDIA (NVDA) a "dumb trade," arguing that investors are piling into an increasingly crowded corner of the market while ignoring the resources that power the entire AI ecosystem. He also shares his concerns about speculative excess in markets and why the excitement surrounding SpaceX could have much bigger implications for investors than most realize.
Maria Bartiromo and Larry McDonald discuss SpaceX's mega IPO approaching $1.8 trillion amid market downturns. They analyze the impact of new AI stock offerings, geopolitical tensions with Iran and the trend of CFOs selling off stock. Larry McDonald, founder of The Bear Traps Report, joins Maria Bartiromo to discuss SpaceX's record-breaking IPO, valued at $1.8 trillion, and other AI stock public listings. This influx of new stock, coupled with geopolitical tensions in Iran and rising inflation, creates significant market volatility. McDonald notes CFOs are also selling off holdings.
Michelle Makori, President & Editor-in-Chief, Miles Franklin Media, interviews Robbert van Batenburg, Market Strategist at The Bear Traps Report, about the massive AI IPO wave building around SpaceX, OpenAI, and Anthropic and whether markets are underestimating the macro risks behind the AI boom.
Joe Mazzola, Charles Schwab Head Trading & Derivatives Strategist, Larry McDonald, The Bear Traps Report Founder, and Thierry Wizman, Macquarie strategist, discuss AI enthusiasm, SpaceX IPO risks, rates and market sentiment.