# Global Tech Surges as FTSE Suffers Political Uncertainty

Page: https://stenobird.com/podcast/the-art-of-investing-7404303/global-tech-surges-as-ftse-suffers-political-uncertainty
Text version: https://stenobird.com/podcast/the-art-of-investing-7404303/global-tech-surges-as-ftse-suffers-political-uncertainty.md
Podcast: [The Art of Investing](https://stenobird.com/podcast/the-art-of-investing-7404303)
Published: 2026-05-08T13:21:38+00:00
Episode link: https://share.transistor.fm/s/8d3f32b8
Audio file: https://pdrl.fm/7c6e9d/media.transistor.fm/8d3f32b8/e6b653b3.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-art-of-investing-7404303/episodes/global-tech-surges-as-ftse-suffers-political-uncertainty
Duration seconds: 4331

## Resource

This week on The Art of Investing, Rich McDonald is joined by Mark “Spice” Holden, Chris “CJ” Fellingham, who together bring over 100 years of combined experience across wealth and hedge fund management. They’re joined by special guest Adam Smith, former Chief of Staff to Chancellor Jeremy Hunt, to unpack another huge week in global markets.US equities pushed to fresh all-time highs as AI and semiconductor stocks surged higher, while falling oil prices and improving risk sentiment helped fuel a broad market rally. The team also debate whether signs of a bubble are beginning to emerge in parts of the technology market. This Week’s Highlights:📈 Markets Hit Fresh HighsUS indices including the Nasdaq, Russell 2000 and S&P 500 all reached new all-time highs as oil prices fell more than 10% this week.💻 AI & Semiconductor Boom AcceleratesAMD, TSMC, Samsung and Intel all surged after another wave of blockbuster technology earnings and AI demand.⚠️ Bubble Warning Signs Emerging?The team discuss whether investors are now “buying names they like” regardless of valuation, with comparisons made to previous speculative bubbles.🇬🇧 Can The UK Compete In AI?Adam Smith shares insights from Westminster on Britain’s AI ambitions, and why the UK still has a chance to become a major global AI hub.🛢️ Oil Falls As Ceasefire Hopes GrowMarkets welcomed signs of easing tensions in the Middle East, helping drive risk assets higher globally. Portfolio Snapshot – Week 38:No changes were made to the portfolio this week.Weekly portfolio performance: +4.5%Total return since inception: +21.4%2026 year-to-date return: +8.9%Top Performers🥇 VanEck Crypto & Blockchain Innovators ETF: +21.6% WoW🥈 BlackRock World Mining Trust PLC: +7.8% WoW🥉 iShares Nikkei 225 ETF: +6.5% WoWUnderperformers📉 Cash:…

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