# Top Investment Chief: 3 sectors to BUY for the AI trade's next decade

Page: https://stenobird.com/podcast/full-signal-7568617/top-investment-chief-3-sectors-to-buy-for-the-ai-trade-s-next-decade
Text version: https://stenobird.com/podcast/full-signal-7568617/top-investment-chief-3-sectors-to-buy-for-the-ai-trade-s-next-decade.md
Podcast: [Full Signal](https://stenobird.com/podcast/full-signal-7568617)
Published: 2026-09-11T10:00:00+00:00
Episode link: https://podcasters.spotify.com/pod/show/philrosen/episodes/Top-Investment-Chief-3-sectors-to-BUY-for-the-AI-trades-next-decade-e3okgrh
Audio file: https://anchor.fm/s/10b3e31fc/podcast/play/125501745/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-8-10%2F431577587-44100-2-9ad10fbde09a1.mp3
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JSON: https://stenobird.com/v1/public/podcasts/full-signal-7568617/episodes/top-investment-chief-3-sectors-to-buy-for-the-ai-trade-s-next-decade
Duration seconds: 2423

## Resource

Andy Goldberg is the chief investment strategist at Nomura Asset Management International (https://nomuraassetmanagement.com/). He joins Phil Rosen on Full Signal to discuss the bull and bear case on the AI boom, whether hyperscaler debt and circular financing are red flags, the three sectors that benefit downstream from AI, and why he'd welcome a Fed rate hike. This episode is sponsored by Harbor Capital Advisors: https://www.harborcapital.com/suite/ai-labs/ 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 - AI early innings 4:23 - Forward valuations 8:00 - Bearish narratives 10:24 - Hyperscalers turn to debt 12:38 - Owning the AI trade through debt 14:08 - Nvidia and circular financing 18:30 - Cyber risks and data center backlash 20:59 - Healthcare 24:57 - Industrials 27:47 - Financials 32:49 - Rates and the broadening trade 38:13 - How higher rates cap valuations 39:52 - Find Andy's work #podcast #investing #markets #tech #ai #macro #stocks #bitcoin #fed

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