InsightsAI Momentum and Valuations
Julie Biel discusses persistent investor interest in AI across public and private markets amid elevated valuations, including references to high-profile AI names.She notes uncertainty around the underlying economics of AI businesses and contrasts platform leaders with adjacent “picks‑and‑shovels” areas such as data‑center cooling.
Small Caps and the 2026 Backdrop
The segment highlights early‑2026 outperformance in small caps (Russell 2000) and the theme of market breadth beyond mega‑caps. Julie also talks through the election‑year backdrop, refund‑driven spending trends, changes affecting lower‑income consumers, and what companies are saying about R&D spending.Skip to 3:50 for the start of Julie’s segment.
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