AMI Asset Management Investment Perspective

In this episode, the team discusses the shifting state ofthe American consumer as major companies report mixed results heading into the critical back-to-school shopping season. The team analyzes corporate updates from brands like Nike and Pepsi, highlighting a worrying trend where recent price cuts have failed to stimulate positive consumer traffic or volume growth. They unpack how elevated gas pr...

In this episode, the team discusses how the rapid build-out of artificial intelligence infrastructure is hitting its first major financial constraints, driven primarily by a massive structural shortage and skyrocketing costs in the memory chip market. The team explores how these rising input costs are trickling down to consumers through hardware price hikes from tech giants like Apple and Microsof...

In this episode, the team discusses the signing of a breakthrough 14-point interim agreement between the U.S. and Iran, aimed at ending Iran's nuclear program and normalizing trade in a critical energy region. They unpack the immediate, divergent reactions across commodities, where oil prices slumped on potential surplus expectations while Texas natural gas prices finally surged back into posi...

In this episode, the team discusses the kickoff of the historic 2026 World Cup in North America, analyzing its massive $13 billion revenue projection and $10 billion advertising splash against surprising domestic apathy and low brand engagement. They break down the tournament's potential investment catalysts across retail, dining, and hospitality, detailing the near-term wholesale boosts for s...

In this episode, the team discusses a pivotal week in the technology sector where a new market regime has emerged, punishing record-breaking corporate earnings whenever they fail to surpass vertical expectations. They break down the massive hardware shifts coming out of Computex, including NVIDIA’s next-gen Vera Rubin platform, its tactical push into ARM-based AI PCs, and the massive valuation rip...

In this episode, the team discusses the macro forces driving the markets to all-time highs, examining the persistent debate around an AI tech bubble versus the sector's robust profitability. They explore a recent revival in software stocks, looming liquidity tests from upcoming high-profile tech IPOs, and imminent pricing and usage limit shifts for large language models. The team also breaks d...

In this episode, the team discusses a critical week of market-moving earnings across both the retail sector and the tech industry, anchored by a deeply insightful analysis of a massive report from NVIDIA. They break down a stark disconnect in the retail space, where consumer sentiment has sunk to historic lows but companies like Target, Walmart, and off-price leaders are managing to deliver highly...

In this episode, the team discusses the rapid evolution ofthe anti-obesity medication market, tracing the history of GLP-1s from their origins in Gila monster saliva to the current dominance of brands like Ozempic and Mounjaro. They analyze the shifting landscape of drug delivery, includingthe rise of oral alternatives and upcoming "triple-action"medications that aim to balance higher ef...

In this episode, the team discusses the emerging "cracks" in the consumer economy as persistent inflation and a spike in gas prices begin to drive significant demand destruction. They analyze a "tale of two days" in earnings reports, where early optimism for a K-shaped recovery was met with sobering updates from value leaders like McDonald's and Planet Fitness, suggesting t...

In this episode, the team discusses a revealing week in thetech sector, marked by record-breaking rallies in the semiconductor market and shifting narratives within the AI trade. They analyze how the emergence of agentic AI is structurally accelerating CPU demand, providing a secondarygrowth leg for players like AMD and Intel alongside the dominant GPU market. The team also explores the strategic...

In this episode, the team discusses a pivotal week in techwhere AI capital expenditure transitioned from speculative to factual, with major hyperscalers now projected to spend over $725 billion on infrastructure in 2026. The team analyzes a widening performance gap among the "Big Four," highlighting Google’s massive 63% cloud growth and Amazon’s re-accelerating AWS revenue as clear succe...

In this episode, the team discusses a stark "divergence" in the tech market, where AI hardware giants like Intel and Texas Instruments are surging while software stalwarts face a brutal repricing over terminal value concerns. The team breaks down how the AI bottleneck is shifting from GPUs to CPUs and analog components, alongside major strategic moves like Amazon’s $11.5 billion acquisit...

In this episode, the team discusses the major marketreaction to news that Iran is allowing ships to pass through the Strait of Hormuz, causing oil prices to plummet by over 10%. Despite a stock market rally toward all-time highs, the team examines a "bifurcated" K-shaped economy where falling consumer confidence, downward job revisions, and housing market friction suggest a more fragile...

In this episode, the team discusses the massive shift in thetech landscape following Anthropic’s release of Claude Mythos and Managed Agents, which have sparked a high-stakes debate over the future of software moats. They break down the ‘Glasswing Project,’ a defensive coalition of techgiants like Apple and NVIDIA formed to patch thousands of zero-day vulnerabilities discovered by this new frontie...

In this episode, the team discusses a volatile start toApril, breaking down the dramatic 25% sell-off in memory stocks like Micron following Google’s breakthrough ‘TurboQuant’ research. The team explores the deepening supply chain crisis in the Middle East, where damage to Qatari helium facilities and the closure of the Strait of Hormuz threaten global semiconductor manufacturing and could push Br...

In this episode, the team discusses the shifting landscapefor consumer stocks as rising oil prices and a "K-shaped" economy pressure household budgets. They analyze historical data to predict which sectors—from DIY auto parts and home furnishings to resilient categories like cosmetics—are most at risk of a spending slowdown. The team also breaks down awave of potential transformational M...

In this episode, the team discusses a blockbuster week intechnology, highlighting key takeaways from NVIDIA’s GTC and the Optical Fiber Conference (OFC). They explore NVIDIA’s shift from individual chips to full-rack AI systems and the growing $1 trillion opportunity in Blackwell andRubin platforms through 2027. The team also breaks down Micron’s massive earnings beat, the ‘copper vs. optical’ int...

In this episode, the team discusses the wide-ranging economic ramifications of the conflict in Iran and the resulting supply crunch in the Strait of Hormuz, where oil flows have dropped from 20 million to just 1 million barrels daily. The team explores how this crisis extends far beyond the gas pump, detailing the impact on global fertilizer supplies, agricultural costs, and the refining of essent...

In this episode, the team discusses a range of market pressures, beginning with a shifting investor sentiment toward AI capital expenditure as massive spending plans from tech giants face new scrutiny over return on investment. The team breaks down the "consternations" currently impacting software companies and the private credit market, including how the rise of AI-driven coding and hig...

In this episode, the team discusses a volatile week in themarkets triggered by a viral, fictionalized report on a "2028 Global Intelligence Crisis" that fueled fears of a massive AI-driven deflationary collapse. The team explores the impact of these skittish investor sentiments on enterprise software and "friction businesses" like DoorDash and Uber, while also analyzing a serie...

In this episode, the team discusses the key takeaways fromthe 2026 Consumer Analyst Group of New York (CAGNY) conference, a pivotal event where industry leaders outlined their strategies for navigating a volatile retail environment. The team explores the implications of General Mills’surprising guidance cut and the broader struggle of branded staples to reclaim volume from value-seeking consumers...

In this episode, the team discusses the rise of "OpenClaw," a revolutionary open-source AI agent that marks a shift from simple chatbots to persistent, autonomous assistants with human-like memory. The team breaks down how this "Jarvis moment" is reshaping the tech landscape, triggering a massive scramble among major AI labs like OpenAI and Meta to capture the orchestration lay...

In this episode, the team discusses the recent surge incommodity prices and whether the global economy may be entering a new commodity super cycle driven by AI, electrification, and infrastructure spending. They explore tightening supply and rising demand in key metals such as copper and rare earth elements, highlighting the capital intensity, long development timelines, and growing geopolitical r...

In this episode, the team discusses the sudden resurgence ofconsumer staples, exploring why this traditionally "unloved" sector is seeing its highest relative strength since 1995. The team breaks down the defensive rotation away from volatile tech stocks, the temporary sales boost from Winter Storm Fern, and the impact of historic cocoa and tariff relief on companies like Hershey and McC...

In this episode, the team discusses a high-stakes week intech earnings, analyzing why strong financial results from companies like Microsoft, Apple, and SAP were met with a surprisingly brutal market reaction. The team explores the shifting investor narrative that now favors "picks and shovels" hardware providers like SanDisk over traditional enterprisesoftware, which is facing a valuati...