# The Earnings Season That Could Make or Break the AI Trade (ft. Hardika Singh)

Page: https://stenobird.com/podcast/the-rundown-6758831/the-earnings-season-that-could-make-or-break-the-ai-trade-ft-hardika-singh
Text version: https://stenobird.com/podcast/the-rundown-6758831/the-earnings-season-that-could-make-or-break-the-ai-trade-ft-hardika-singh.md
Podcast: [The Rundown](https://stenobird.com/podcast/the-rundown-6758831)
Published: 2026-07-19T18:21:11+00:00
Episode link: https://podcasters.spotify.com/pod/show/the-rundown6/episodes/The-Earnings-Season-That-Could-Make-or-Break-the-AI-Trade-ft--Hardika-Singh-e3m9cp9
Audio file: https://traffic.megaphone.fm/APO8083111783.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/the-rundown-6758831/episodes/the-earnings-season-that-could-make-or-break-the-ai-trade-ft-hardika-singh
Duration seconds: 1464

## Resource

Markets are hovering near record highs, but many investors still feel like the rally has lost its momentum. In this episode, Zaid sits down with Fundstrat economic strategist Hardika Singh to discuss why AI and memory stocks have cooled off, what to watch during earnings season, and why Big Tech's AI spending remains the market's biggest story. They also break down the latest signals from the Federal Reserve, why the labor market may now matter more than inflation, and what recent bank earnings reveal about the strength of the U.S. consumer. Finally, Hardika shares her outlook for the second half of the year, including whether blockbuster AI IPOs like OpenAI and Anthropic may have to wait.

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/the-rundown-6758831/episodes/the-earnings-season-that-could-make-or-break-the-ai-trade-ft-hardika-singh/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/the-rundown-6758831/the-earnings-season-that-could-make-or-break-the-ai-trade-ft-hardika-singh.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.