AI Is Becoming a Stock Picker's Market

AI stock trades are evolving as investor interest shifts from semiconductor makers and companies that benefit from AI capital spending to those that help businesses implement AI and develop commercial AI agents, Peter Callahan, U.S. TMT specialist within Global Banking & Markets, said on The Markets podcast. He also discussed the impact of rising rates on tech stocks, the divergence among software companies and the outlook for semiconductors. Recorded September 30, 2026.