# How Chip Stocks Became Wall Street’s Favorite AI Bet (ft. Jason Ware)

Page: https://stenobird.com/podcast/the-rundown-6758831/how-chip-stocks-became-wall-street-s-favorite-ai-bet-ft-jason-ware
Text version: https://stenobird.com/podcast/the-rundown-6758831/how-chip-stocks-became-wall-street-s-favorite-ai-bet-ft-jason-ware.md
Podcast: [The Rundown](https://stenobird.com/podcast/the-rundown-6758831)
Published: 2026-07-13T02:10:07+00:00
Episode link: https://podcasters.spotify.com/pod/show/the-rundown6/episodes/How-Chip-Stocks-Became-Wall-Streets-Favorite-AI-Bet-ft--Jason-Ware-e3m0col
Audio file: https://traffic.megaphone.fm/APO7247017791.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-rundown-6758831/episodes/how-chip-stocks-became-wall-street-s-favorite-ai-bet-ft-jason-ware
Duration seconds: 1524

## Resource

Jason Ware, Chief Investment Officer at Albion Financial Group, returns to break down one of the biggest shifts happening in the stock market today: the move away from the Magnificent Seven and toward AI infrastructure winners like Micron and other semiconductor companies. We discuss why memory stocks have become the hottest trade on Wall Street, whether hyperscalers are spending too much on AI, and what Microsoft's recent struggles really mean for investors. Jason also explains what he's watching heading into earnings season, why free cash flow matters more than ever, and how the new Federal Reserve under Kevin Warsh could shape markets in the second half of the year.

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## Transcript

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