How The Semiconductor Super Cycle is Sparking Stocks Surge

AI CapEx and Rate Rises - The Double Trouble Hitting Big Tech

Can’t get enough of The Art of Investing? Take a look here [https://youtu.be/B0FzP8sjd_w] for even more content! https://youtu.be/B0FzP8sjd_w [https://youtu.be/B0FzP8sjd_w]  📈 Download the full Portfolio Performance Slides  View the portfolio breakdown: here [https://drive.google.com/drive/folders/1QyjbIlcMU-IpHeTV-5qETJmV2-6SG76P?usp=sharing] 📧 Get in touch: theartofinvesting@ig.com 📱 Behind the scenes: _theartofinvesting on TikTok 🎧 Listen on: Apple & Spotify This week on The Art of Investing, host James “Jimmy” Ovenden steps in for Richard McDonald, joined by Mark “Spice” Holden and Chris “CJ” Fellingham. It’s been a tough week for the portfolio, with markets taking a hit as strong US economic data reshapes interest rate expectations. The team break down a staggering $400 billion in capital raise announcements from the world’s biggest tech companies, explore what new Fed Chair Kevin Warsh’s first meeting might signal, and ask the question on every investor’s mind: why is the oil price falling even as bombs fly in the Middle East? This Week's Highlights: 📉 Markets Pull Back US equities suffer their worst week of the year as the Nasdaq falls 6% and the semiconductor index tumbles 11%. 💰 $400 Billion Capital Grab Oracle, Meta, OpenAI, Anthropic, Amazon and Space-X collectively announce hundreds of billions in fresh capital raises - raising the question of who is actually funding the AI boom. 🚀 Space-X Goes Public Highly anticipated IPO prices at $135/share with 4x oversubscription, entering the Nasdaq and Russell indices but not the S&P 500. 📊 Rate Rise Fears Return Strong US non-farm payrolls trigger a repricing of rate expectations - with up to three hikes now on the table and Kevin Warsh’s first Fed meeting closely watched. 🛢️ The Oil Price Paradox Despite ongoing Middle East tensions, the oil price falls - the team explore why markets are ignoring the disaster narrative. 🇮🇳 India’s Unlikely Comeback After weeks of underperformance, iShares MSCI India ETF is this week’s best performer, up 0.5% - just ahead of a deep-dive episode with JP next week. Portfolio Snapshot – Week 43: No changes were made to the portfolio this week. 📊 Weekly portfolio performance: –2.55% 📈 Total return since inception: +20.83% 📅 2026 year-to-date return: +8.30% Top Performers: 📈 iShares MSCI India ETF: +0.5% WoW 📈 Cash: +0.1% WoW 📈 iShares UK Gilts 0–5yr ETF: +0.1% WoW Underperformers: 📉 BlackRock World Mining Trust PLC: –10.6% WoW 📉 iShares Nikkei 225 ETF: –6.5% WoW 📉 iShares Core MSCI EM IMI ETC: –6.3% WoW Big Questions This Week: • Is $400bn in tech capital raises the peak of AI fundraising, or is there more to come? • Will Kevin Warsh’s first Fed meeting signal rate rises or hold the line? • Why is the oil price falling when the Middle East is at its most volatile? • Is the portfolio’s low AI exposure a vulnerability or a hidden strength? • Is India finally turning a corner - or was this week a one-off? What You’ll Learn: ✔️ Why good economic news became bad news for markets this week ✔️ How $400bn in capital raises is reshaping global equity flows ✔️ What Space-X’s IPO means for investors using Nasdaq ETFs ✔️ Why the oil price is defying Middle East conflict - and what it signals ✔️ How the portfolio’s AI exposure stacks up against global indices Disclaimer: This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes. Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.

Bitcoin Drops, AI Soars: Is Your Portfolio Ready?

📈 Download the full Portfolio Performance Slides  View the portfolio breakdown: here [https://drive.google.com/file/d/1VMSTGuNRTVuqPYUV-6oUl_YTh5sh5fvm/view?usp=drive_link] 📧 Get in touch: theartofinvesting@ig.com 🎥 Behind the scenes: _theartofinvesting [https://www.tiktok.com/@_theartofinvesting] on TikTok  🎧 Listen on: Apple [https://upl.inc/taovapple] & YouTube [https://youtu.be/cRrQgXmAchA] This week on The Art of Investing, Rich McDonald, Mark “Spice” Holden and Chris “CJ” Fellingham are joined by Katy Forbes (CIO at North Capital), bringing over 100 years of combined experience across wealth and hedge fund management to unpack another evolving week in global markets. Markets continue to push higher, driven by relentless AI momentum, but beneath the surface, cracks are beginning to appear. The team explore whether capital is being aggressively reallocated into AI at the expense of other asset classes, why bonds, gold and crypto are struggling, and what this means for the broader investment landscape. With guest insight from a leading wealth manager, the conversation also dives into portfolio construction, bond market risks, and how professionals are navigating this environment. This Week’s Highlights:  📈 Markets Hold Firm  Global equities continue to perform, with Japan and emerging markets leading gains. 🤖 AI Dominance Continues  AI demand remains the key driver of markets, with capital flowing aggressively into the sector. 💸 Capital Rotation Intensifies  Money is being pulled from crypto, gold, bonds and private markets to fund AI growth. 📉 Crypto & Alternatives Under Pressure  Bitcoin falls sharply while gold and private equity struggle for momentum. ⚠️ Bond Market Concerns  Rising issuance and demand for capital raise questions about long-term bond attractiveness. 🇮🇳 India Under Scrutiny  India continues to lag, prompting discussion around whether to exit the position. Portfolio Snapshot – Week 42: No changes were made to the portfolio this week. Weekly portfolio performance: +0.7% Total return since inception: +23.4% 2026 year-to-date return: +10.9% Top Performers: 🥇 iShares Nikkei 225 ETF: +4.5% WoW 🥈 WisdomTree Copper ETF: +2.8% WoW 🥉 BlackRock World Mining Trust PLC: +2.6% WoW Underperformers: 📉 iShares MSCI India ETF: –2.6% WoW 📉 iShares Core FTSE 100 ETF: –1.6% WoW 📉 Invesco Stoxx Europe 600 UCITS ETF GBP: –1.4% WoW Big Questions This Week:  • Is AI pulling capital away from the rest of the market?  • Are bonds becoming structurally unattractive?  • Is the current AI rally sustainable or overheating?  • What’s gone wrong with India’s investment case?  • Where should investors look next as capital rotates? What You’ll Learn:  ✔️ Why AI is dominating global capital flows  ✔️ How portfolio diversification is protecting returns  ✔️ The risks facing bonds in today’s environment  ✔️ What’s driving weakness in crypto, gold and India  ✔️ How professional investors think about asset allocation Disclaimer: This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes. Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.

How The Semiconductor Super Cycle is Sparking Stocks Surge

This week on The Art of Investing, Rich McDonald, Mark “Spice” Holden and Chris “CJ” Fellingham draw on over 100 years of combined wealth and hedge fund management experience to unpack another powerful week in markets, as equities push to fresh highs despite ongoing geopolitical tension and macro uncertainty. With US markets now climbing for eight consecutive weeks and AI-driven momentum accelerating, the team explore whether this rally still has room to run, how far the semiconductor supercycle can go, and why investors may be underestimating just how broad this market move is becoming. This Week’s Highlights: 📈 Markets Keep Climbing US equities extended their winning streak to eight consecutive weeks, with the S&P 500, Nasdaq and Dow all hitting fresh all-time highs. 🤖 Semiconductor Supercycle Accelerates AI demand continues to drive explosive growth across chipmakers, with momentum now spreading beyond Nvidia into broader semiconductor names. 🌍 Market Breadth Improving Strength is no longer limited to mega-cap tech, with the Russell 2000 and equal-weight indices also pushing higher - a positive signal for broader market health. 🛢️ Oil Drops, Markets Rally Despite geopolitical tensions, oil prices fell sharply, easing inflation concerns and supporting risk assets globally. 🏦 Bonds Stabilise After recent volatility, bond markets recovered as yields pulled back, helping to ease pressure on equities. ⚖️ AI vs Macro: A Two-Speed Market The team debate the growing disconnect between traditional macro-driven markets and the powerful AI-driven growth cycle reshaping global investing. Portfolio Snapshot - Week 41: No changes were made to the portfolio this week. Weekly portfolio performance: +2.4% Total return since inception: +22.7% 2026 year-to-date return: +10.2% Top Performers 🥇 iShares Nikkei 225 ETF — +5.6% WoW  🥈 iShares Russell 2000 ETF — +5.1% WoW  🥉 iShares Core MSCI EM IMI UCITS ETF — +4.9% WoW Underperformers 📉 iShares MSCI India ETF — +1.8% WoW  📉 WisdomTree Copper ETF — +0.4% WoW  📉 iShares UK Gilts 0–5yr ETF — +0.6% WoW Portfolio Highlights • Strong gains driven by Japan, US small caps and emerging markets • Broadening market leadership beyond mega-cap tech • Falling oil prices and stabilising bonds supported equities • Defensive assets lagged as risk appetite returned • Portfolio continues to benefit from diversified global exposure Big Questions This Week: • How long can the AI-driven rally continue? • Is this still a narrow tech-led move, or a broader bull market? • What happens if bond yields rise again? • Are investors underestimating how dominant AI has become? What You’ll Learn: ✔️ Why market leadership is starting to broaden ✔️ How AI is driving global equity performance ✔️ The relationship between oil, bonds and equities ✔️ Why diversification still matters in concentrated markets 📈 Download the full Portfolio Performance Slides  View the portfolio breakdown: here [https://drive.google.com/file/d/1JwwOScOD1seNuGTAmP6jk1h1CRZhhjj4/view?usp=drive_link] 📧 Get in touch: theartofinvesting@ig.com Disclaimer: This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes. Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in. May Incentives: Transfer Cashback Get up to £5,000 cashback when you transfer £10,000+ to IG before 31st May 2026. Code: TRANSFER5000POD T&Cs 📋 ig.com/uk/invest-campaign/transfer-cashback-value-apr-26 [http://ig.com/uk/invest-campaign/transfer-cashback-value-apr-26] Free Shares Get £50–£1,000 in free shares when you invest £1,000+ before 31st May 2026. Code: MAYSHARESPOD T&Cs 📋 ig.com/uk/invest-campaign/free-shares-may-26 [http://ig.com/uk/invest-campaign/free-shares-may-26] Cashback Offer Earn 2% cashback (up to £200) when you deposit and invest £1,000+ before 31st May 2026. Code: MAYDEPOSITPOD T&Cs 📋 ig.com/uk/invest-campaign/cashback-may-26 [http://ig.com/uk/invest-campaign/cashback-may-26]

SpaceX on Launchpad While Bonds Dampen Risk Sentiment

This week on The Art of Investing, Rich McDonald, Mark “Spice” Holden and Chris “CJ” Fellingham break down a more volatile week in global markets, as rising bond yields, geopolitical tensions and shifting expectations begin to test the strength of the recent rally. With over 100 years of combined experience across wealth and hedge fund management, the team explore whether markets are entering a more uncertain phase, what higher-for-longer rates mean for investors, and why cash is starting to look increasingly attractive in the short term. This Week’s Highlights: 📉 Markets Pause After Strong Run  After seven consecutive weeks of gains, US equities pulled back as rising bond yields and inflation concerns weighed on sentiment. 📊 Bond Yields Surge Globally  US 30-year yields hit their highest level since 2007, with similar moves seen across Japan and Europe, putting pressure on risk assets. 🛢️ Oil Prices Climb Again  Brent crude surged to new highs amid geopolitical tensions, reinforcing inflation concerns and adding further uncertainty to markets. 🤖 AI & Earnings Still in Focus  Strong earnings continue across tech and AI-driven companies, with Nvidia results expected to be a key catalyst for markets this week. 🌍 Global Growth Divergence  Japan delivered stronger-than-expected GDP growth, while China data disappointed, highlighting diverging global economic momentum. ⚡ The Hidden AI Infrastructure Boom  Massive investment into data centres and energy infrastructure continues, with utilities and industrial players positioning for long-term demand. Portfolio Snapshot – Week 46: Weekly portfolio performance: –1.6% Total return since inception: +20.3% 2026 year-to-date return: +7.8% Top Performers 🥇 iShares MSCI India ETF: +0.6% WoW 🥈 Invesco Stoxx Euro 600 UCITS ETF GBP: +0.2% WoW 🥉 iShares Core FTSE 100 ETF: +0.1% WoW Underperformers 📉 BlackRock World Mining Trust: –8.2% WoW 📉 Wisdom Tree Copper ETF: –4.5% WoW 📉 iShares Nikkei 225 ETF: –2.6% WoW Big Questions This Week: • Are rising bond yields the biggest risk to equities right now? • Is this just a healthy pullback or the start of something bigger? • How sustainable is the AI-driven growth story? • Should investors be increasing cash positions in this environment? What You’ll Learn: ✔️ Why bond markets are driving global asset prices ✔️ How rising yields impact equities and valuations ✔️ The role of cash in uncertain markets ✔️ Key signals to watch for a potential market shift 📈 Download the full Portfolio Performance Slides  View the portfolio breakdown: here [https://drive.google.com/file/d/1JPJOdd4rF63sDXqyT4dpaJZwtx2T_XjB/view?usp=sharing]  [https://drive.google.com/file/d/17aF7IJ4A6lWuiE-dHSmktXaE_eEm1AtH/view?usp=drive_link] 📧 Get in touch: theartofinvesting@ig.com Disclaimer: This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes. Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in. May Incentives: Transfer Cashback Get up to £5,000 cashback when you transfer £10,000+ to IG before 31st May 2026. Code: TRANSFER5000POD T&Cs 📋 ig.com/uk/invest-campaign/transfer-cashback-value-apr-26 [http://ig.com/uk/invest-campaign/transfer-cashback-value-apr-26] Free Shares Get £50–£1,000 in free shares when you invest £1,000+ before 31st May 2026. Code: MAYSHARESPOD T&Cs 📋 ig.com/uk/invest-campaign/free-shares-may-26 [http://ig.com/uk/invest-campaign/free-shares-may-26] Cashback Offer Earn 2% cashback (up to £200) when you deposit and invest £1,000+ before 31st May 2026. Code: MAYDEPOSITPOD T&Cs 📋 ig.com/uk/invest-campaign/cashback-may-26 [http://ig.com/uk/invest-campaign/cashback-may-26]

Taking Profits on Portfolio as Bonds Sound Alarm Bells

This week on The Art of Investing, Rich McDonald joins Mark “Spice” Holden and Chris “CJ” Fellingham, bringing over 100 years of combined experience across wealth and hedge fund management, to unpack another fascinating week in global markets. US equities pushed higher as investors piled back into AI, technology and cyclical trades, while copper and mining stocks extended their rally. The team debate whether markets are becoming too complacent, why copper remains a major long-term investment theme, and whether investors are underestimating ongoing economic risks. This Week’s Highlights: 📈 Markets Continue Higher US equities extended gains as optimism around AI, earnings and future rate cuts continued to support risk assets globally. ⚒️ Copper Leads The Charge Copper and mining-related holdings delivered another strong week as the team revisit the long-term electrification and AI infrastructure story. 🤖 AI Momentum Remains Strong Technology and AI-linked investments continue driving market performance as investors rotate back into growth assets. ⚠️ Are Investors Too Comfortable? The team discuss whether markets are becoming overly optimistic despite ongoing geopolitical and macroeconomic uncertainty. 🇯🇵 Japan Still Performing Japanese equities remained one of the strongest regions within the portfolio as international investors continue increasing exposure. 🪙 Crypto Volatility Returns Crypto and blockchain-linked holdings remained highly reactive as sentiment swings continue across digital assets. Portfolio Snapshot – Week 39: Three positions were trimmed this week, with proceeds moved into cash. The team sold 5% VanEck Crypto ETF, 5% Vanguard FTSE 250, and 5% Xtrackers DAX ETF - raising the portfolio's cash position by 15%. Weekly portfolio performance: +0.5% Total return since inception: +21.9% 2026 year-to-date return: +9.4% Top Performers: 🥇 WisdomTree Copper ETF: +8.5% WoW 🥈 BlackRock World Mining Trust PLC: +7.8% WoW 🥉 iShares Nikkei 225 ETF: +1.6% WoW Underperformers: 📉 iShares MSCI India ETF: –4.6% WoW 📉 Xtrackers DAX ETF: –3.5% WoW 📉 Invesco Stoxx Euro 600 ETF GBP: –1.7% WoW Big Questions This Week: • Is the AI rally overcrowded? • Why is copper such an important long-term theme? • Are markets underpricing economic risks? • Can mining stocks keep outperforming? What You’ll Learn: ✔️ Why copper is linked to AI and electrification ✔️ How sentiment is driving markets ✔️ Why mining stocks remain strong ✔️ Warning signs investors should watch 📈 Download the full Portfolio Performance Slides View the portfolio breakdown: here [https://drive.google.com/file/d/17aF7IJ4A6lWuiE-dHSmktXaE_eEm1AtH/view?usp=drive_link] 📧 Get in touch: theartofinvesting@ig.com Disclaimer: This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes. Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in. May Incentives: Transfer Cashback Get up to £5,000 cashback when you transfer £10,000+ to IG before 31st May 2026. Code: TRANSFER5000POD T&Cs 📋 ig.com/uk/invest-campaign/transfer-cashback-value-apr-26 [http://ig.com/uk/invest-campaign/transfer-cashback-value-apr-26] Free Shares Get £50–£1,000 in free shares when you invest £1,000+ before 31st May 2026. Code: MAYSHARESPOD T&Cs 📋 ig.com/uk/invest-campaign/free-shares-may-26 [http://ig.com/uk/invest-campaign/free-shares-may-26] Cashback Offer Earn 2% cashback (up to £200) when you deposit and invest £1,000+ before 31st May 2026. Code: MAYDEPOSITPOD T&Cs 📋 ig.com/uk/invest-campaign/cashback-may-26 [http://ig.com/uk/invest-campaign/cashback-may-26]