Tech Selloff Deepens as AI Spending Worries Investors

0 October 22, 2026 19:21

The Close brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today’s guests are Deepwater Asset Management Managing Partner Gene Munster, Invesco CIO & Co-Head of Fixed Income Rob Waldner, TD Cowen Senior Research Analyst Andrew Charles, Huntington Bancshares CEO & Chairman Stephen Steinour, Pivotal Advisors CEO & CIO Tiffany McGhee, Susquehanna Senior Equity Research Analyst Mehdi Hosseini, JPMorgan Asset Management, Global Alternatives Strategist Aaron Mulvihill, Alex Mill Chairman Mickey Drexler, Kroger CFO Dav Kennerley, & H/L Ventures Co-Founder & Managing Partner Oliver Libby.

Chapters:
00:00:00 Tech Selloff Deepens as AI Spending Worries Investors
00:03:07 Gene Munster on Meta, Tesla & the AI Trade
00:08:11 AI Debt, Rising Capital Costs & Big Tech Spending
00:11:13 Treasury Yields, Fed Risk & the Flight to Safety
00:17:03 Top Calls
00:18:03 Chipotle Downgrade, Consumer Traffic & 2027 Outlook
00:22:35 Huntington CEO on Lending, Rates & Regional Banks
00:27:14 Commercial Real Estate, Credit & Consumer Risks
00:29:39 Moderna & Merck Sink on Leaked Cancer Vaccine Data
00:34:34 Tech Selloff, Market Breadth & Defensive Rotation
00:37:09 AI Investing, Market Volatility & Portfolio Strategy
00:42:01 Big Tech Selloff Creates a Buying Opportunity
00:45:17 Closing Bell
00:50:09 Meta, Deckers & AI Power Stocks Move After Earnings
00:54:24 Market Recap: Tech Sinks as Treasuries Rally
00:56:51 Western Digital Earnings & the AI Storage Boom
01:02:05 JPMorgan on AI Financing & Private Markets
01:07:02 Private Equity, Higher Rates & Diversifying Beyond AI
01:08:45 Mickey Drexler on Deckers, Fashion & the Consumer
01:14:05 Ralph Lauren, Timeless Style & Retail Strategy
01:18:54 Kroger CFO on $5 Billion Investment & Grocery Prices
01:24:00 Midterm Elections, Affordability & the Political Center
01:29:03 What to Watch
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