# AI Spending Isn't Slowing Down | Nvidia, Microsoft, Apple & the Next Wave of Winners

Page: https://stenobird.com/podcast/the-weekly-money-clip-6866050/ai-spending-isn-t-slowing-down-nvidia-microsoft-apple-the-next-wave-of-winners
Text version: https://stenobird.com/podcast/the-weekly-money-clip-6866050/ai-spending-isn-t-slowing-down-nvidia-microsoft-apple-the-next-wave-of-winners.md
Podcast: [Biz Talk Today TV](https://stenobird.com/podcast/the-weekly-money-clip-6866050)
Published: 2026-07-13T20:58:00+00:00
Episode link: https://traffic.megaphone.fm/FPMN3610111384.mp3
Audio file: https://traffic.megaphone.fm/FPMN3610111384.mp3
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Duration seconds: 1646

## Resource

Is Wall Street underestimating the next phase of the AI investment boom? On this episode of ⁠The Money Path⁠, host Todd M. Schoenberger welcomes Jed Ellerbroek, CFA, Portfolio Manager at Argent Capital Management, for an institutional-level discussion on artificial intelligence, semiconductors, cloud infrastructure, and where professional investors see the biggest opportunities heading into the second half of 2026. Jed explains why the recent semiconductor rotation may actually be healthy for markets, why AI capital expenditures continue to accelerate, and why upcoming earnings from Microsoft, Amazon, Alphabet, and Meta could provide the clearest signals yet on enterprise AI demand. The conversation also explores Nvidia's long-term outlook, Microsoft's resurgence, Apple's AI roadmap, OpenAI's innovation race, and why companies like United Rentals and Progressive Insurance are quietly benefiting from the AI revolution. Topics include: • Why AI spending continues to accelerate despite market rotation • Nvidia, Microsoft and semiconductor earnings outlook • Cloud CapEx trends from Microsoft, Amazon, Alphabet & Meta • SpaceX's exploding AI infrastructure investments • Why Microsoft remains a long-term institutional favorite • United Rentals and the AI construction boom • Progressive Insurance's technology advantage • Apple's AI strategy, foldable iPhone and OpenAI competition • The AI talent war and Apple's lawsuit against OpenAI • What professional portfolio managers are watching next Whether you're an active trader, long-term investor, or simply fascinated by artificial intelligence, this conversation provides valuable institutional insight into where professional money managers believe the next wave of market leadership is emerging. 🔗 Website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠…

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