Episode
The AI Spending Boom Faces a Reality Check (ft. John Petrides)
- Podcast
- The Rundown
- Published
- Jul 26, 2026
- Duration seconds
- 1339
- Processing state
not_requested
Actions
POST https://stenobird.com/v1/public/podcasts/the-rundown-6758831/episodes/the-ai-spending-boom-faces-a-reality-check-ft-john-petrides/transcription-requests
Idempotently request low-priority transcript generation for this episode.GET https://stenobird.com/podcast/the-rundown-6758831/the-ai-spending-boom-faces-a-reality-check-ft-john-petrides.md
Read the agent-friendly Markdown representation of this episode resource.
Summary
Big Tech is spending more on AI than ever before, but investors are starting to question when that investment will actually pay off. John Petrides of Tocqueville Asset Management joins Zaid to break down Google's surprising earnings reaction, why soaring AI capital spending is becoming a growing concern, and what to expect from Microsoft, Amazon, and Meta as earnings season heats up. They also discuss rising oil prices, the possibility of Fed rate hikes, whether markets are underestimating geopolitical risks, and why the health of the U.S. consumer could become the biggest story of the second half of the year. If AI has been the market's biggest tailwind, this conversation explores what could happen if that narrative begins to change.