# The AI Trade

Page: https://stenobird.com/podcast/kwm-market-minute-7621832/the-ai-trade
Text version: https://stenobird.com/podcast/kwm-market-minute-7621832/the-ai-trade.md
Podcast: [KWM Market Minute](https://stenobird.com/podcast/kwm-market-minute-7621832)
Published: 2026-08-03T18:13:58+00:00
Episode link: https://www.ubs.com/content/dam/assets/wma/us/shared/podcasts/katz/the-ai-trade.mp3
Audio file: https://www.ubs.com/content/dam/assets/wma/us/shared/podcasts/katz/the-ai-trade.mp3
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JSON: https://stenobird.com/v1/public/podcasts/kwm-market-minute-7621832/episodes/the-ai-trade

## Resource

Jason and Ryan discuss the AI trade and how it is "catching its breath." They also review why Jason believes leverage is responsible for volatility, not AI.

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## Transcript

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