The $1.5 Trillion AI Race Rewrites Earnings Expectations

Show from 2026-07-10 Host Jeremy Schwartz is joined by Chris Gannatti and Jeff Weniger for a wide-ranging discussion on the latest developments driving technology markets and the economy. The group examines surging AI infrastructure spending, demand for memory chips, expectations for another strong earnings season, and the growing investment cycle surrounding data centers, hyperscalers and physical AI. Professor Siegel joins later in the episode to discuss the resilience of equity markets despite renewed geopolitical tensions in the Middle East, highlighting the surprising stability in oil prices, the outlook for inflation, interest rates and second-quarter GDP, while also explaining how AI-driven margin expansion continues to fuel historically strong corporate earnings growth. After Professor Siegel signs off, Jeremy, Chris and Jeff briefly wrap up the show with additional commentary on Delta's earnings, travel demand, and observations from the summer travel season. The conversation concludes with a discussion of activity in Las Vegas, consumer travel trends, and how pricing dynamics may be affecting tourism and convention traffic. WisdomTree: https://www.wisdomtree.com/investments