Bloomberg Surveillance US Stocks Drift as Precious Metals Bounce Back
Dec 30, 2025
Guests include Gautam Mukunda, a Yale lecturer and political analyst, who dives into Trump's influence on GOP dynamics and midterm voter impacts. Alonso Munoz, Hamilton Capital's CIO, discusses the 2026 market outlook with a focus on AI and precious metals. Dan Ives, a tech expert from Wedbush, forecasts a vibrant year for AI and explores competition in the chip sector. Lastly, Patrick Murphy, a geopolitical advisor, reveals how global tensions shape market behaviors and supply chains.
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AI Will Power Tech Rally In 2026
- AI will drive a booming year for tech stocks, especially software and infrastructure names.
- Dan Ives expects derivative AI plays like MongoDB, Snowflake and cybersecurity names to benefit from the infrastructure build-out.
NVIDIA Still The AI Hardware Godfather
- NVIDIA leads the AI hardware race and remains years ahead of competitors according to Dan Ives.
- He sees AMD as a major complementary play while Google and Microsoft chase NVIDIA's lead.
Account For Energy Limits In AI Plans
- Monitor energy constraints as a top risk to AI expansion and data center growth.
- Consider exposure to nuclear and corporate energy investments as part of AI infrastructure plays.