AI Spending Boom Puts Market Earnings to the Test

Stocks are rallying as oil prices keep falling after the U.S.-Iran agreement, but investors are still trying to sort through a market shaped by Fed changes, Middle East uncertainty, and a massive wave of AI spending.Chuck Zodda and Mike Armstrong break down why lower oil and gas prices are helping calm markets, how renewed tanker traffic through Hormuz could reduce energy risks, and why volatility has not fully gone away. They also discuss the accounting catch behind the AI earnings boom, why depreciation and rising usage costs could pressure Big Tech over the next 18 months, how heavy capital spending makes this market more dependent on flawless execution, and why retail investors need to be careful with volatile IPOs and leveraged single-stock ETFs.