Why AI Stocks Are Splitting Into Hardware and Software

Lucas and Luna unpack the dramatic divergence in AI stocks as of June 2026. While NVIDIA and AMD have dropped 8.5% in five days, Apple is up 0.3% and Meta down just 1.2%. The hosts drill into one key driver: investors are now pricing hardware and software AI plays differently. Lucas walks through the numbers—AVGO down 16%, SMCI down 11%—and explains why the market is suddenly distinguishing between 'picks and shovels' and 'app layer' companies. Luna pushes back on whether the selloff is rational, given that enterprise AI spending is still growing. They trace the shift back to Alphabet's $80 billion capex announcement and the ensuing margin debate, and end with a look at what the divergence means for the rest of the year. A focused, data-driven conversation that helps listeners understand the current market rotation in AI. #AIStocks #HardwareVsSoftware #NVIDIA #AMD #Apple #Meta #AIInvesting #StockMarket #ChipStocks #SoftwareStocks #Alphabet #EnterpriseAI #MarketRotation #TechStocks #AISelloff #Business #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo