Bloomberg Surveillance Bloomberg Surveillance TV: October 10th, 2025
Oct 10, 2025
Paul Christopher, Head Global Market Strategist at Wells Fargo, shares insights on why AI is a compelling investment and predicts a continued rise in U.S. equities over the next year. He discusses strategic sectors for gaining AI exposure, including utilities and data centers. Congressman French Hill addresses the U.S. government shutdown, urging swift action from the Senate, and highlights the importance of tailored bank regulations to boost lending. Together, they dissect pivotal market movements and the implications for economic stability.
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Episode notes
Invest AI Through Adjacent Infrastructure
- Artificial intelligence is a durable, investable trend with momentum that should shape portfolios.
- Diversify AI exposure via adjunct trends like data centers, utilities, and industrials rather than only hyperscalers.
Buy The Least Overpriced AI Play
- Buy the AI-related sector that looks least overpriced and hold it while you diversify into adjunct plays.
- Target utilities, industrials, and data center exposure to capture AI's infrastructure demand without overpaying for hyperscalers.
Fed Cuts Could Lift Banks
- Expect the Fed to cut and favor banks as the short end falls while long rates remain high.
- Banks can benefit from lower deposit costs and higher lending yields in that scenario.