# AI is KILLING Big Tech stocks! | Luke Kawa

Page: https://stenobird.com/podcast/full-signal-7568617/ai-is-killing-big-tech-stocks-luke-kawa
Text version: https://stenobird.com/podcast/full-signal-7568617/ai-is-killing-big-tech-stocks-luke-kawa.md
Podcast: [Full Signal](https://stenobird.com/podcast/full-signal-7568617)
Published: 2026-03-09T12:00:00+00:00
Episode link: https://podcasters.spotify.com/pod/show/philrosen/episodes/AI-is-KILLING-Big-Tech-stocks---Luke-Kawa-e3g3m9a
Audio file: https://anchor.fm/s/10b3e31fc/podcast/play/116561642/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-2-8%2F419521247-44100-2-e8714d2b3d264.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/full-signal-7568617/episodes/ai-is-killing-big-tech-stocks-luke-kawa
Duration seconds: 1729

## Resource

Luke Kawa is a veteran financial writer and analyst, and the markets editor at Sherwood Media. He joins Phil Rosen to unpack the market rotation out of Big Tech, weak Magnificent 7 cash flows, the risks of hyperscaler spending, and how AI is showing up in the rates market. This episode is sponsored by Public: https://public.com/openingbell Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribe Follow Phil on X: https://x.com/philrosenn Follow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/ Timestamps: 0:00 - Intro 00:39 - The Market Is Stalling and Searching For Safety 02:34 - Mag 7 Cash Flow Slide 04:57 - Nvidia's ROI Reality Check 06:56 - Change In Valuations 09:43 - AI Bubble or AI Breakthrough? 13:13 - AI Disruption Hits The Rates Market 16:12 - Private Credit Under Pressure 18:33 - The Stock Market Is the Economy 24:09 - Optimistic Outlook? 28:22 - Where to Follow Luke Disclosure: Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. See terms of Match Program at https://public.com/disclosures/matchprogram Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time. #podcast #investing #markets #macro #stocks #bitcoin #fed

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/full-signal-7568617/episodes/ai-is-killing-big-tech-stocks-luke-kawa/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/full-signal-7568617/ai-is-killing-big-tech-stocks-luke-kawa.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.