Halftime Report AI Anxiety and Cut Concerns Hit Stocks 11/14/25
Nov 14, 2025
Stephanie Link, an experienced equity portfolio manager, and Brian Belsky, a portfolio manager and investment committee member, dive into the current market turbulence driven by AI anxiety and waning interest rates. Stephanie argues that AI pullbacks are an overreaction, favoring long-term buys like Meta and Microsoft. Brian dismisses comparisons to past market bubbles, asserting that we're only at the beginning of AI's journey. They also analyze the struggles of Disney and the promising outlook for Coinbase amidst crypto volatility.
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Early-Innings AI Volatility Presents Buys
- AI-driven volatility is normal in early innings and pullbacks create buying opportunities for strong earnings growers.
- Stephanie Link added to Meta and Microsoft, citing durable revenue and buybacks that justify buying on weakness.
Buy Quality AI Winners On Weakness
- Buy quality AI beneficiaries when earnings and revenue growth remain strong despite share-price weakness.
- Add into weakness while monitoring valuations and corporate buyback activity.
This AI Cycle Isn’t 2000-Style Bubble
- Current AI market differs from the 1999–2000 bubble because large, profitable companies dominate and M&A/IPO excesses aren’t present.
- Brian Belski sees the cycle as early innings with stock-level differentiation creating a stock-picker's market.