This Is Not the End of the AI Trade, Says Shah
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Read a transcript preview of “This Is Not the End of the AI Trade, Says Shah” from Bloomberg Television, uploaded on 2026-11-11.
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Language: English (original, creator captions)
[0:00] Begin this hour with stocks rebounding as traders rush back into tech. Seema Shah of Principal
[0:04] Asset Management writes, the election has increased the probability of greater regulatory friction around AI infrastructure.
[0:11] It has not demonstrated that the underlying AI investment cycle is breaking. Seema joins us now
[0:16] for more. Good morning, Seema. Nice to see you.
[0:18] Good morning.
[0:18] So Great.
[0:19] Great to be with you.
[0:20] Just wanna start there. How, much are you kind of piling into the AI trade seeing
[0:24] a bargain, a discount like Julian Emmanuel versus saying there are some true cracks in this
[0:29] theme that need to be reassessed.
[0:32] Yeah. Look. I don't think that this is... As we said, I don't think this is
[0:36] the end of the AI trade, but at the same time, I think it's fair that
[0:38] we said that there is some real assessment reassessment going on. Last week, it did create
[0:44] a crater. In OPEC, there's always gonna be a big market reaction and then time as
[0:47] things ar