What if AI turns out to be less “bubble vs boom” and more a stress test for who can actually turn $660 billion of capex into revenue?
Ben Arnold, Investment Director, Global Equities at Schroders shares the framework his team is using to judge the AI spend and why 2026 is a reminder that your opportunity set is much bigger than the Mag 7.
In this episode:
00:00:00 Investing Beyond The Mag Seven
00:03:34 AI Spending: Boom Or Bubble?
00:10:01 Why This Isn’t Another Dotcom
00:19:32 Finding Opportunities At Market Highs
00:25:31 Two Global Stocks With Upside
00:36:51 One Exceptional Company Explained
Links Mentioned: 🎧 listen to our interview with Portfolio Manager Frank Thormann from Sept, 2025
Stocks and ETFs mentioned:
Schroder Global Equity Alpha Fund (ASX: ALPH)
Oracle Corporation (NYSE: ORCL)
Alphabet Inc. (NASDAQ: GOOGL)
Microsoft Corporation (NASDAQ: MSFT)
Amazon.com, Inc. (NASDAQ: AMZN)
NVIDIA Corporation (NASDAQ: NVDA)
Broadcom Inc. (NASDAQ: AVGO)
Arista Networks, Inc. (NYSE: ANET)
Monster Beverage Corporation (NASDAQ: MNST)
Morgan Stanley (NYSE: MS)
Tesco PLC (LSE: TSCO)
GSK plc (LSE: GSK)
AstraZeneca PLC (LSE: AZN)
Commonwealth Bank of Australia (ASX: CBA)
Tapestry, Inc. (NYSE: TPR)
Zoom Communications, Inc. (NASDAQ: ZM)
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This episode is sponsored by Schroders.
You can also find information on investing in the Schroder Global Equity Alpha Fund (ASX: ALPH) here.
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